10-Q
Quarterly Report
INNOVATIVE DESIGNS, INC.
CIK: 1190370
File #: 000-51791
Balance Sheet
28 line items · 2 periods
XBRL
| Item | Jul 31, 2024 | Oct 31, 2023 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and Cash Equivalents | 284,342 | 238,677 |
Accounts Receivable | 57,272 | 31,050 |
Inventory | 471,078 | 549,276 |
Other Non-Operating Current Assets | 34,000 | 8,200 |
Total current assets | 846,692 | 827,203 |
Long-Term Assets | ||
Property, Plant and Equipment | 29,384 | 23,479 |
Deposits on Equipment | 652,944 | 652,944 |
Total Long-Term Assets | 682,328 | 676,423 |
Total assets | 1,529,020 | 1,503,626 |
Liabilities and Stockholders’ Deficit | ||
Current liabilities | ||
Credit Cards | 67,634 | 71,659 |
Accounts Payable | 79,694 | 144,967 |
Other Non-Operating Current Liabilities | 98,748 | 121,938 |
Total current liabilities | 246,076 | 338,564 |
Long-Term Liabilities | ||
Long-Term Debt | 37,239 | 56,429 |
Total Long-Term Liabilities | 37,239 | 56,429 |
Total liabilities | 283,315 | 394,993 |
Stockholders’ deficit | ||
Total Stockholders' Equity | 3,784 | 3,653 |
Total Stockholders' Equity | 11,979,124 | 11,741,935 |
Total Stockholders' Equity | (10,737,203) | (10,335,578) |
Total stockholders’ deficit | 1,245,705 | 1,108,633 |
Total liabilities and stockholders’ deficit | 1,529,020 | 1,503,626 |