Kaival Brands Innovations Group Inc
For the period ended Oct 31, 2023. Filed Feb 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 14, 2024
KAVL$0.02-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders’ Equity
For the years ended October 31, 2023, and 2022
| Convertible Preferred Shares | Par Value Convertible Preferred Shares | Convertible Preferred Shares | Par Value Convertible Preferred Shares | Common Shares | Par Value Common Shares | Additional Paid-in Capital | Accumulated Deficit | Total | |
|---|---|---|---|---|---|---|---|---|---|
| (Series A) · (Series A) · (Series B) · (Series B) | |||||||||
| Balances, October 31, 2021 | 3,000,000 | $3,000 | — | $— | 1,437,869 | $1,438 | $21,580,716 | $(5,260,841) | $16,324,313 |
| Stock Issued for Services - RSUs | — | — | — | — | 5,870 | 6 | 172,373 | — | 172,379 |
| Common shares settled and cancelled | — | — | — | — | (2,130) | (2) | (59,860) | — | (59,862) |
| Common stock issued for compensation | — | — | — | — | 1,888 | 2 | 65,321 | — | 65,323 |
| Exercise of common stock warrants | — | — | — | — | 40,744 | 41 | 1,625,609 | — | 1,625,650 |
| Converted Series A Convertible Preferred Stock | (3,000,000) | (3,000) | — | — | 1,190,477 | 1,190 | 1,810 | — | — |
| Stock option expense | — | — | — | — | — | — | 6,043,312 | — | 6,043,312 |
| Net loss | — | — | — | — | — | — | — | (14,370,335) | (14,370,335) |
| Balances, October 31, 2022 | — | $— | — | $— | 2,674,718 | $2,675 | $29,429,281 | $(19,631,176) | $9,800,780 |
| Common shares issued for purchase of intangible assets | — | — | — | — | 95,239 | 95 | 1,119,705 | — | 1,119,800 |
| Preferred series B shares issued for purchase of intangible assets | — | — | 900,000 | 900 | — | — | 9,047,080 | — | 9,047,980 |
| Stock warrants issued for purchase of intangible assets | — | — | — | — | — | — | 1,264,396 | — | 1,264,396 |
| Common shares issued for services | — | — | — | — | 4,381 | 4 | 51,506 | — | 51,510 |
| Common shares issued for loan | — | — | — | — | 19,048 | 19 | 130,459 | 130,478 | |
| Stock option expense | — | — | — | — | — | — | 3,168,430 | — | 3,168,430 |
| Stock warrant expense | — | — | — | — | — | — | 218,909 | — | 218,909 |
| Preferred stock dividend | — | — | — | — | — | — | (112,500) | (112,500) | |
| Net loss | — | — | — | — | — | — | — | (11,132,772) | (11,132,772) |
| Balances, October 31, 2023 | — | $— | 900,000 | $900 | 2,793,386 | $2,793 | $44,317,266 | $(30,763,948) | 13,557,011 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.