Kaival Brands Innovations Group Inc
For the period ended Oct 31, 2024. Filed Feb 10, 2025.
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FY2024 · Filed Feb 10, 2025
KAVL$0.04+16.7%Stored close · as of Jul 8, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| October 31, 2024 | October 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $3,902,300 | $533,659 |
| Accounts receivable, net | 263,571 | 1,869,276 |
| Inventories, net | — | 4,071,824 |
| Prepaid expenses | 344,312 | 430,668 |
| Total current assets | 4,510,183 | 6,905,427 |
| Fixed assets, net | 2,146 | 2,842 |
| Intangible assets, net | 10,681,911 | 11,468,309 |
| Right of use asset - operating lease | 810,036 | 1,008,428 |
| TOTAL ASSETS | $16,004,276 | $19,385,006 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $57,496 | $374,332 |
| Accounts payable - related party | 131,683 | 2,474,817 |
| Loans payable, net | 207,616 | 799,471 |
| Accrued expenses | 925,601 | 736,194 |
| Customer refund due | — | 392,406 |
| Operating lease obligation - short term | 203,937 | 184,568 |
| Total current liabilities | 1,526,333 | 4,961,788 |
| LONG TERM LIABILITIES | ||
| Operating lease obligation, net of current portion | 662,271 | 866,207 |
| TOTAL LIABILITIES | 2,188,604 | 5,827,995 |
| Commitments and Contingencies (Note 11) | ||
| 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 October 31, 2024 and October 31, 2023) | — | — |
| Series B Convertible Preferred stock ($0.001 par value, 900,000 shares authorized, 900,000 issued and outstanding as of October 31, 2024 and October 31, 2023) | 900 | 900 |
| Common stock ($.001 par value, 1,000,000,000 shares authorized, 8,517,302 and 2,793,386 shares issued and outstanding as of October 31, 2024 and October 31, 2023, respectively) | 8,517 | 2,793 |
| Additional paid-in capital | 51,269,485 | 44,317,266 |
| Accumulated deficit | (37,463,230) | (30,763,948) |
| TOTAL STOCKHOLDERS’ EQUITY | 13,815,672 | 13,557,011 |
| TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY | $16,004,276 | $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.