Kaival Brands Innovations Group Inc

For the period ended Jan 31, 2024. Filed Mar 25, 2024.

About 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

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Contents

Unaudited Consolidated Statements of Operations

Consolidated Statements of Operations

	For the Three Months Ended January 31,
	2024	2023
Revenues
Revenues, net	$2,991,280	$2,435,835
Revenues - related parties	1,900	3,085
Royalty revenue	240,000	105,572
Excise tax on products	(21,607)	(18,574)
Total revenues, net	3,211,573	2,525,918
Cost of revenue
Cost of revenue - related party	2,013,435	1,985,800
Total cost of revenue	2,013,435	1,985,800
Gross profit	1,198,138	540,118
Operating expenses
Advertising and promotions	404,892	588,910
General and administrative expenses	2,507,868	2,958,069
Total operating expenses	2,912,760	3,546,979
Other income
Loss on extinguishment of debt	(98,432)	—
Interest (expense) income, net	(299,917)	11,952
Total other (expense) income	(398,349)	11,952
Loss before income taxes provision	(2,112,971)	(2,994,909)
Provision (benefit from) for income taxes	(715)	—
Net loss	$(2,113,686)	$(2,994,909)
Preferred stock dividend	(67,500)	—
Net loss attributable to common shareholder	$(2,181,186)	$(2,994,909)
Net loss per common share - basic and diluted	$(0.76)	$(1.12)
Weighted average number of common shares outstanding - basic and diluted	2,854,850	2,674,719

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.