10-K
Annual Report
Innovative Designs, Inc.
CIK: 1190370
File #: 000-51791
Balance Sheet
29 line items · 2 periods
XBRL
| Item | Oct 31, 2024 | Oct 31, 2023 |
|---|---|---|
ASSETS | ||
Current Assets | ||
Cash and Cash Equivalents | 185,675 | 238,677 |
Accounts Receivable | 321,893 | 31,050 |
Inventory | 498,758 | 549,277 |
Total Current Assets | 1,006,326 | 819,004 |
Property, Plant and Equipment | 28,060 | 23,479 |
OTHER ASSETS | ||
Advance to employees | 5,500 | 8,200 |
Deposits on equipment | 652,944 | 652,944 |
TOTAL ASSETS | 1,692,830 | 1,503,627 |
LIABILITIES & STOCKHOLDERS’ DEFICIT | ||
Current Liabilities | ||
Accounts Payable | 65,267 | 216,626 |
Short-Term Debt | 20,934 | 20,397 |
Other Non-Operating Current Liabilities | 29,083 | 42,873 |
Shareholder’s loans | 50,000 | 70,668 |
Other Current Liabilities | 51,175 | — |
Total Current Liabilities | 216,459 | 350,564 |
Long-term Liabilities | ||
Long-Term Debt | 23,495 | 44,429 |
Long-term portion of shareholder’s loans | 10,000 | — |
Total Liabilities | 249,954 | 394,993 |
Stockholders’ Deficit | ||
Total Stockholders' Equity | 3,792 | 3,662 |
Total Stockholders' Equity | 11,979,117 | 11,741,928 |
Total Stockholders' Equity | (10,540,033) | (10,636,957) |
Total Stockholders’ equity | 1,442,876 | 1,108,634 |
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY | 1,692,830 | 1,503,627 |