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.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Three Months Ended January 31, 2024 | For the Three Months Ended January 31, 2023 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(2,113,686) | $(2,994,909) |
| Adjustment to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Stock based compensation | 62,000 | — |
| Depreciation and amortization | 196,773 | 116 |
| Amortization of debt discount | 111,239 | — |
| Loss on extinguishment of debt | 98,432 | — |
| Stock option expense | 309,958 | 1,435,787 |
| ROU operating lease expense | 48,834 | 46,949 |
| Write-off inventory | 319 | — |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 1,125,315 | 56,315 |
| Other receivable – related party | — | 194,590 |
| Prepaid expenses | 61,641 | 109,786 |
| Inventory | 2,013,435 | (2,521,766) |
| Inventory deposit – related party | (273,060) | — |
| Income tax receivable | — | 1,607,302 |
| Accounts payable | (69,737) | 41,242 |
| Accounts payable – related party | (1,061,126) | 2,350,787 |
| Accrued expenses | (108,252) | (423,704) |
| Deferred revenue | — | (105,572) |
| Customer deposits | 50,000 | (32,875) |
| Customer refund due | (162,858) | 366,956 |
| Right of use liabilities – operating lease | (44,340) | (39,789) |
| Net cash provided by operating activities | 244,887 | 91,215 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Cash paid for equipment | — | (3,480) |
| Net cash used in investing activities | — | (3,480) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from loan payables | 1,106,731 | — |
| Payments on loan payables | (1,293,984) | — |
| Net cash used in financing activities | (187,253) | — |
| Net change in cash | 57,634 | 87,735 |
| Beginning cash balance | 533,659 | 3,685,893 |
| Ending cash balance | $591,293 | $3,773,628 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Interest paid | $111,239 | $— |
| Income taxes paid | $— | $— |
| NON-CASH TRANSACTIONS | ||
| Preferred stock dividend | $67,500 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.