Kaival Brands Innovations Group Inc
For the period ended Jan 31, 2024. Filed Mar 25, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jan 31, 2024 · Filed Mar 25, 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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Unaudited Consolidated Balance Sheets
Consolidated Balance Sheets
| January 31, 2024 | October 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $591,293 | $533,659 |
| Accounts receivable, net | 743,961 | 1,869,276 |
| Inventories, net | 2,058,070 | 4,071,824 |
| Inventory deposit – related party | 273,060 | — |
| Prepaid expenses | 369,027 | 430,668 |
| Total current assets | 4,035,411 | 6,905,427 |
| Fixed assets, net | 2,668 | 2,842 |
| Intangible assets, net | 11,271,710 | 11,468,309 |
| Right of use asset- operating lease | 959,594 | 1,008,428 |
| TOTAL ASSETS | $16,269,383 | $19,385,006 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $304,595 | $374,332 |
| Accounts payable- related party | 1,413,691 | 2,474,817 |
| Loans payable, net | 821,889 | 799,471 |
| Accrued expenses | 695,442 | 736,194 |
| Customer deposits | 50,000 | — |
| Customer refund due | 229,548 | 392,406 |
| Operating lease obligation – short term | 189,329 | 184,568 |
| Total current liabilities | 3,704,494 | 4,961,788 |
| LONG TERM LIABILITIES | ||
| Operating lease obligation, net of current portion | 817,106 | 866,207 |
| TOTAL LIABILITIES | 4,521,600 | 5,827,995 |
| 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 January 31, 2024, and October 31, 2023, respectively) | — | — |
| Series B Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized, 900,000 issued and outstanding as of January 31, 2024, and October 31, 2023, respectively) | 900 | 900 |
| Common stock ($0.001 par value, 1,000,000,000 shares authorized, 2,863,002 and 2,793,386 issued and outstanding as of January 31, 2024, and October 31, 2023, respectively) | 2,863 | 2,793 |
| Additional paid-in capital | 44,621,654 | 44,317,266 |
| Accumulated deficit | (32,877,634) | (30,763,948) |
| Total Stockholders’ Equity | 11,747,783 | 13,557,011 |
| TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY | $16,269,383 | $19,385,006 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.