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.
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Consolidated Statements of Operations
| For the Years Ended October 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | ||
| Revenues, net | $12,395,134 | $12,701,539 |
| Revenues - related party | 10,828 | 68,139 |
| Royalty revenue | 780,929 | 117,292 |
| Excise tax on products | (99,873) | (125,513) |
| Total revenues, net | 13,087,018 | 12,761,457 |
| Cost of revenues | ||
| Cost of revenue - related party | 10,512,423 | 11,345,912 |
| Cost of revenue - other | — | 174,520 |
| Total cost of revenue | 10,512,423 | 11,520,432 |
| Gross profit | 2,574,595 | 1,241,025 |
| Operating expenses | ||
| Advertising and promotion | 2,450,721 | 2,679,308 |
| General and administrative expenses | 10,787,775 | 12,950,373 |
| Total operating expenses | 13,238,496 | 15,629,681 |
| Other income (expense) | ||
| Interest expense, net | (466,523) | 4 |
| Total other income (expense) | (466,523) | 4 |
| Loss before income taxes provision | (11,130,424) | (14,388,652) |
| Provision for (benefit from) income taxes | 2,348 | (18,317) |
| Net loss | (11,132,772) | (14,370,335) |
| Preferred stock dividend | (112,500) | — |
| Net loss attributable to common shareholders | $(11,245,272) | $(14,370,335) |
| Net loss per common share - basic and diluted | $(4.13) | $(7.60) |
| Weighted average number of common shares outstanding - basic and diluted | 2,721,080 | 1,890,971 |
Kaival Brands Innovations Group, Inc.
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