Kaival Brands Innovations Group, Inc.
For the period ended Jan 31, 2025. Filed Mar 17, 2025.
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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.
Jan 31, 2025 · Filed Mar 17, 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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Unaudited Consolidated Statements of Operations
Consolidated Statements of Operations
| For the Three Months Ended January 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues | ||
| Revenues, net | $42,682 | $2,991,280 |
| Revenues - related party | — | 1,900 |
| Royalty revenue | 159,921 | 240,000 |
| Excise tax on products | — | (21,607) |
| Total revenues, net | 202,603 | 3,211,573 |
| Cost of revenues | ||
| Cost of revenue - related party | — | 2,013,435 |
| Total cost of revenue | — | 2,013,435 |
| Gross profit | 202,603 | 1,198,138 |
| Operating expenses | ||
| Advertising and promotion | — | 404,892 |
| General and administrative expenses | 4,278,533 | 2,507,868 |
| Total operating expenses | 4,278,533 | 2,912,760 |
| Other expense | ||
| Loss on extinguishment of debt | — | (98,432) |
| Interest expense, net | (4,092) | (299,917) |
| Total other expense | (4,092) | (398,349) |
| Loss before income taxes provision | (4,080,022) | (2,112,971) |
| Benefit from (provision for) income taxes | 18,942 | (715) |
| Net loss | $(4,061,080) | $(2,113,686) |
| Preferred stock dividend | (22,500) | (67,500) |
| Net loss attributable to common shareholders | $(4,083,580) | $(2,181,186) |
| Net loss per common share - basic and diluted | $(0.43) | $(0.76) |
| Weighted average number of common shares outstanding - basic and diluted | 9,503,715 | 2,854,850 |
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