Kaival Brands Innovations Group Inc
For the period ended Oct 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
KAVL$0.04+16.7%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| October 31, 2023 | October 31, 2022 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $533,659 | $3,685,893 |
| Accounts receivable | 1,869,276 | 574,606 |
| Other receivable - related party - short term | — | 1,539,486 |
| Inventories, net | 4,071,824 | 1,239,725 |
| Prepaid expenses | 430,668 | 426,407 |
| Income tax receivable | — | 1,607,302 |
| Total current assets | 6,905,427 | 9,073,419 |
| Fixed assets, net | 2,842 | — |
| Intangible assets, net | 11,468,309 | — |
| Other receivable - related party - net of current portion | — | 2,164,646 |
| Right of use asset - operating lease | 1,008,428 | 1,198,969 |
| TOTAL ASSETS | $19,385,006 | $12,437,034 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $374,332 | $40,023 |
| Accounts payable - related party | 2,474,817 | — |
| Loans payable, net | 799,471 | — |
| Accrued expenses | 736,194 | 1,099,157 |
| Customer deposits | — | 44,973 |
| Customer refund due | 392,406 | — |
| Deferred revenue | — | 235,274 |
| Operating lease obligation - short term | 184,568 | 166,051 |
| Total current liabilities | 4,961,788 | 1,585,478 |
| LONG TERM LIABILITIES: | ||
| Operating lease obligation, net of current portion | 866,207 | 1,050,776 |
| TOTAL LIABILITIES | 5,827,995 | 2,636,254 |
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock; 5,000,000 shares authorized | ||
| Series A Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized, none issued and outstanding as of October 31, 2023 and October 31, 2022, respectively) | — | — |
| Series B Convertible Preferred stock ($0.001 par value, 900,000 shares authorized, 900,000 and none issued and outstanding as of October 31, 2023 and October 31, 2022, respectively) | 900 | — |
| Common stock | ||
| ($0.001 par value, 1,000,000,000 shares authorized , 2,793,386 and 2,674,718 shares issued and outstanding as of October 31, 2023 and October 31, 2022, respectively) | 2,793 | 2,675 |
| Additional paid-in capital | 44,317,266 | 29,429,281 |
| Accumulated deficit | (30,763,948) | (19,631,176) |
| Total Stockholders’ Equity | 13,557,011 | 9,800,780 |
| TOTAL LIABILITIES & EQUITY | $19,385,006 | $12,437,034 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.