10-Q
Quarterly Report
INNOVATIVE DESIGNS, INC.
CIK: 1190370
File #: 000-51791
Balance Sheet
35 line items · 2 periods
XBRL
| Item | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS: | ||
Cash | 208,153 | 238,677 |
Accounts Receivable | 10,397 | 31,050 |
Inventory | 601,027 | 549,277 |
Other Non-Operating Current Assets | 6,400 | 0 |
Total current assets | 825,977 | 819,004 |
Property, Plant and Equipment | 22,314 | 23,479 |
OTHER ASSETS: | ||
Deposits on inventory | 20,000 | — |
Advance to employees | 13,200 | 8,200 |
Deposits on equipment | 652,944 | 652,944 |
Total other assets | 666,144 | 661,144 |
TOTAL | 1,514,435 | 1,503,627 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
CURRENT LIABILITIES: | ||
Accounts Payable | 84,720 | 216,626 |
Short-Term Debt | 70,530 | 20,397 |
Other Non-Operating Current Liabilities | 35,244 | 42,873 |
Current portion of stockholder loans | 12,000 | 70,668 |
Total current liabilities | 202,494 | 350,564 |
LONG-TERM LIABILITIES, | ||
Long-Term Debt | 39,380 | 44,429 |
Total long-term liabilities | 39,380 | 44,429 |
STOCKHOLDERS' EQUITY: | ||
Preferred Stock | 0 | 0 |
Total Stockholders' Equity | 3,781 | 3,656 |
Common stock to be issued | 0 | 0 |
Total Stockholders' Equity | 11,969,130 | 11,741,935 |
Total Stockholders' Equity | (10,700,350) | (10,636,957) |
Total stockholders' equity | 1,272,561 | 1,108,634 |
Common Stock | 3,781 | 3,656 |
Additional Paid-in Capital | 11,969,130 | 11,741,935 |
Retained Earnings | (10,700,350) | (10,636,957) |
TOTAL | 1,514,435 | 1,503,627 |