Kaival Brands Innovations Group Inc
For the period ended Apr 30, 2024. Filed Jun 18, 2024.
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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.
Apr 30, 2024 · Filed Jun 18, 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 Statements of Operations
Consolidated Statements of Operations
| For the Three Months Ended April 30, | For the Six Months Ended April 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | ||||
| Revenues, net | $1,991,438 | $3,046,657 | $4,982,718 | $5,482,492 |
| Revenues - related party | 1,800 | 3,628 | 3,700 | 6,713 |
| Royalty revenue | 250,325 | — | 490,325 | 105,572 |
| Excise tax on products | (17,249) | (29,983) | (38,856) | (48,557) |
| Total revenues, net | 2,226,314 | 3,020,302 | 5,437,887 | 5,546,220 |
| Cost of revenues | ||||
| Cost of revenue - related party | 1,726,658 | 3,145,652 | 3,740,093 | 5,131,452 |
| Cost of revenue - other | — | — | — | — |
| Total cost of revenue | 1,726,658 | 3,145,652 | 3,740,093 | 5,131,452 |
| Gross profit (loss) | 499,656 | (125,350) | 1,697,794 | 414,768 |
| Operating expenses | ||||
| Advertising and promotion | 251,400 | 660,132 | 656,292 | 1,249,042 |
| General and administrative expenses | 1,503,968 | 3,176,666 | 4,011,836 | 6,134,735 |
| Total operating expenses | 1,755,368 | 3,836,798 | 4,668,128 | 7,383,777 |
| Other income (expense) | ||||
| Loss on extinguishment of Debt | — | — | (98,432) | — |
| Interest income (expense), net | (271,466) | — | (571,383) | 11,952 |
| Total other income (expense) | (271,466) | — | (669,815) | 11,952 |
| Loss before income taxes provision | (1,527,178) | (3,962,148) | (3,640,149) | (6,957,057) |
| Benefit from income taxes | — | — | (715) | — |
| Net loss | $(1,527,178) | $(3,962,148) | $(3,640,864) | $(6,957,057) |
| Preferred stock dividend | (67,500) | — | (135,000) | — |
| Net loss attributable to common shareholder | $(1,594,678) | $(3,962,148) | $(3,775,864) | $(6,957,057) |
| Net loss per common share - basic and diluted | $(0.56) | $(1.48) | $(1.32) | $(2.60) |
| Weighted average number of common shares outstanding - basic and diluted | 2,863,002 | 2,674,719 | 2,858,881 | 2,674,719 |
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