Kaival Brands Innovations Group Inc
For the period ended Oct 31, 2024. Filed Feb 10, 2025.
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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$0.02-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Kaival Brands Innovations Group, Inc.
| For the Year Ended | For the Year Ended | |
|---|---|---|
| October 31, 2024 | October 31, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net loss | $(6,699,282) | $(11,132,772) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock based compensation | 62,000 | — |
| Stock options expense | 108,234 | 3,168,430 |
| Stock warrant expense | — | 218,909 |
| Depreciation and amortization | 787,094 | 328,304 |
| Amortization of debt discount | 214,095 | 463,160 |
| Loss on extinguishment of debt | 98,432 | — |
| Bad debt expense | 27,995 | 47,727 |
| ROU operating lease expense | 198,392 | 190,541 |
| Inventory reserve | — | 381,512 |
| Write-off of inventory | 61,927 | 105,057 |
| Loss on settlement of payables | 142,786 | — |
| Changes in current assets and liabilities: | ||
| Accounts receivable | 1,577,710 | (1,342,397) |
| Other receivable - related party | — | 3,704,132 |
| Prepaid expenses | 561,837 | 325,739 |
| Inventory | 4,009,897 | (3,318,668) |
| Income tax receivable | — | 1,607,302 |
| Accounts payable | (316,836) | 334,309 |
| Accounts payable - related party | (1,068,134) | 2,474,817 |
| Accrued expenses | 138,194 | (475,463) |
| Deferred revenue | — | (235,274) |
| Customer deposits | — | (44,973) |
| Customer refunds due | (392,406) | 392,406 |
| Operating lease obligations | (184,567) | (166,052) |
| Net cash used in operating activities | (672,632) | (2,973,254) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Cash paid for equipment | — | (3,480) |
| Transaction acquisition costs | — | (312,289) |
| Net cash used in investing activities | — | (315,769) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from loans payable | 1,106,731 | 1,272,980 |
| Payments on loans payable | (2,486,594) | (1,136,191) |
| Payments on loans payable - related party | (218,787) | |
| Proceeds from the issuance of common stock, warrants, and pre-funded warrants | 5,997,720 | — |
| Payments for issuance costs | (744,993) | — |
| Proceeds from exercises of pre-funded warrants | 1,450 | — |
| Proceeds from exercises of warrants | 385,746 | — |
| Net cash provided by financing activities | 4,041,273 | 136,789 |
| Net change in cash | 3,368,641 | (3,152,234) |
| Beginning cash balance | 533,659 | 3,685,893 |
| Ending cash balance | $3,902,300 | $533,659 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest paid | $562,402 | $3,363 |
| Income taxes paid | $— | $— |
| NON-CASH TRANSACTIONS | ||
| Preferred stock dividend | $270,000 | $112,500 |
| Cashless exercise of pre-funded warrants | $724 | $— |
| Insurance financed by third party | $475,481 | $330,000 |
| Franchise fees paid by related party | $218,787 | $— |
| Common shares issued to settle related party accounts payable | $1,417,786 | |
| Common shares issued for acquisition of intangible assets | $— | $1,119,800 |
| Common shares issued for services-transaction cost | $— | $51,510 |
| Series B preferred stock shares issued for acquisition of intangible assets | $— | $9,047,980 |
| Stock warrants issued for acquisition of intangible assets | $— | $1,264,396 |
| Common stock issued for note payable financing | $— | $130,478 |
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