10-K
Annual Report
Innovative Designs, Inc.
CIK: 1190370
File #: 000-51791
Balance Sheet
36 line items · 2 periods
XBRL
| Item | Oct 31, 2023 | Oct 31, 2022 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS: | ||
Cash | 238,677 | 263,293 |
Accounts Receivable | 31,050 | 11,203 |
Inventory | 549,277 | 494,580 |
Total current assets | 819,004 | 769,076 |
Property, Plant and Equipment | 23,479 | 5,960 |
OTHER ASSETS: | ||
Inventory on consignment | 0 | 1,625 |
Other Current Assets | 0 | 80,000 |
Advance to employees | 8,200 | 13,200 |
Deposits on equipment | 652,944 | 607,370 |
Total other assets | 661,144 | 702,195 |
TOTAL | 1,503,627 | 1,477,231 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
CURRENT LIABILITIES: | ||
Accounts Payable | 216,626 | 162,063 |
Short-Term Debt | 20,397 | 20,128 |
Other Non-Operating Current Liabilities | 42,873 | 46,345 |
Current portion of stockholder loans | 70,668 | 110,631 |
Other Current Liabilities | 0 | 3,778 |
Total current liabilities | 350,564 | 342,945 |
LONG-TERM LIABILITIES: | ||
Long-Term Debt | 44,429 | 64,547 |
Long-term portion of stockholder loans | 0 | 66,667 |
Total long-term liabilities | 44,429 | 131,214 |
STOCKHOLDERS' EQUITY: | ||
Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 3,656 | 3,467 |
Total Stockholders' Equity | 11,741,935 | 11,335,184 |
Total Stockholders' Equity | (10,636,957) | (10,335,579) |
Total stockholders' equity | 1,108,634 | 1,003,072 |
Common Stock | 3,656 | 3,467 |
Additional Paid-in Capital | 11,741,935 | 11,335,184 |
Retained Earnings | (10,636,957) | (10,335,579) |
TOTAL | 1,503,627 | 1,477,231 |