10-Q
Quarterly Report
INNOVATIVE DESIGNS, INC.
CIK: 1190370
File #: 000-51791
Balance Sheet
30 line items · 2 periods
XBRL
| Item | Jan 31, 2025 | Oct 31, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and Cash Equivalents | 126,122 | 185,675 |
Accounts Receivable | 539,295 | 321,893 |
Inventory | 510,863 | 498,758 |
Other Non-Operating Current Assets | 505 | — |
Total current assets | 1,176,785 | 1,006,326 |
Long-Term Assets | ||
Property, Plant and Equipment | 26,736 | 28,060 |
Advane to Employees | 5,500 | 5,500 |
Deposits on Equipment | 652,944 | 652,944 |
Total Long-Term Assets | 685,180 | 686,504 |
Total assets | 1,861,965 | 1,692,830 |
Liabilities and Stockholders’ Deficit | ||
Current liabilities | ||
Credit Cards | 3,580 | 51,175 |
Accounts Payable | 109,232 | 65,267 |
Other Non-Operating Current Liabilities | 91,630 | 50,017 |
Total current liabilities | 204,442 | 166,459 |
Long-Term Liabilities | ||
Long-Term Debt | 36,395 | 23,495 |
Long-Term Shareholder Loans | 60,000 | 60,000 |
Total Long-Term Liaiblities | 96,395 | 83,495 |
Total liabilities | 300,837 | 249,954 |
Stockholders’ deficit | ||
Total Stockholders' Equity | 3,830 | 3,792 |
Total Stockholders' Equity | 12,061,079 | 11,979,117 |
Total Stockholders' Equity | (10,503,781) | (10,540,033) |
Total stockholders’ deficit | 1,561,128 | 1,442,876 |
Total liabilities and stockholders’ deficit | 1,861,965 | 1,692,830 |