Kaival Brands Innovations Group Inc

For the period ended Oct 31, 2024. Filed Feb 10, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 10, 2025

KAVL$0.04+16.7%Stored close · as of Jul 8, 2026

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Contents

Consolidated Statements of Operations

	For the Years Ended October 31,
	2024	2023
Revenues
Revenues, net	$5,882,597	$12,395,134
Revenues - related party	5,950	10,828
Royalty revenue	1,040,759	780,929
Excise tax on products	(42,641)	(99,873)
Total revenues, net	6,886,665	13,087,018
Cost of revenues
Cost of revenue - related party	4,281,171	10,512,423
Total cost of revenue	4,281,171	10,512,423
Gross profit	2,605,494	2,574,595
Operating expenses
Advertising and promotion	686,292	2,450,721
General and administrative expenses	7,628,050	10,787,775
Total operating expenses	8,314,342	13,238,496
Other expense
Loss on extinguishment of debt	(98,432)	—
Loss on settlement of payables	(142,786)	—
Interest expense, net	(729,558)	(466,523)
Total other expense	(970,776)	(466,523)
Loss before income taxes provision	(6,679,624)	(11,130,424)
Provision for income taxes	19,658	2,348
Net loss	$(6,699,282)	$(11,132,772)
Preferred stock dividend	(270,000)	(112,500)
Net loss attributable to common shareholders	$(6,969,282)	$(11,245,272)
Net loss per common share - basic and diluted	$(1.62)	$(4.13)
Weighted average number of common shares outstanding - basic and diluted	4,313,900	2,721,080

Kaival Brands Innovations Group, Inc.

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.