Kaival Brands Innovations Group, Inc.
For the period ended Jul 31, 2025. Filed Sep 16, 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.
Jul 31, 2025 · Filed Sep 16, 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 July 31, | For the Nine Months Ended July 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | ||||
| Revenues, net | $— | $274,615 | $46,755 | $5,257,333 |
| Revenues - related party | — | 2,250 | — | 5,950 |
| Royalty revenue | 142,425 | 440,734 | 345,318 | 931,059 |
| Excise tax on products | — | (3,785) | — | (42,641) |
| Total revenues, net | 142,425 | 713,814 | 392,073 | 6,151,701 |
| Cost of revenues | ||||
| Cost of revenue - related party | — | 344,998 | — | 4,085,091 |
| Total cost of revenue | — | 344,998 | — | 4,085,091 |
| Gross profit | 142,425 | 368,816 | 392,073 | 2,066,610 |
| Operating expenses | ||||
| Advertising and promotion | — | 30,000 | — | 686,292 |
| General and administrative expenses | 700,944 | 1,756,594 | 6,310,660 | 5,768,430 |
| Loss on ROU asset | — | — | 707,626 | — |
| Total operating expenses | 700,944 | 1,786,594 | 7,018,286 | 6,454,722 |
| Other expense | ||||
| Loss on extinguishment of Debt | — | — | — | (98,432) |
| Loss on disposal of furniture and equipment | — | — | (1,798) | — |
| Interest expense, net | (836) | (154,083) | (9,019) | (725,466) |
| Total other expense | (836) | (154,083) | (10,817) | (823,898) |
| Loss before income taxes provision | (559,355) | (1,571,861) | (6,637,030) | (5,212,010) |
| Benefit from (provision for) income taxes | — | — | 18,942 | (715) |
| Net loss | $(559,355) | $(1,571,861) | $(6,618,088) | $(5,212,725) |
| Preferred stock dividend | — | (180,000) | (22,500) | (315,000) |
| Net loss attributable to common shareholder | $(559,355) | $(1,751,861) | $(6,640,588) | $(5,527,725) |
| Net loss per common share - basic and diluted | $(0.05) | $(0.39) | $(0.61) | $(1.62) |
| Weighted average number of common shares outstanding - basic and diluted | 11,542,302 | 4,482,527 | 10,855,306 | 3,404,047 |
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