10-Q
Quarterly Report
INNOVATIVE DESIGNS, INC.
CIK: 1190370
File #: 000-51791
Balance Sheet
31 line items · 2 periods
XBRL
| Item | Apr 30, 2025 | Oct 31, 2024 |
|---|---|---|
Assets | ||
Current assets | ||
Cash and Cash Equivalents | 114,538 | 185,675 |
Accounts Receivable | 720,528 | 321,893 |
Inventory | 431,555 | 498,758 |
Total current assets | 1,266,621 | 1,006,326 |
Long-Term Assets | ||
Property, Plant and Equipment | 34,915 | 28,060 |
Advane to Employees | 5,500 | 5,500 |
Deposits on Inventory | 58,000 | — |
Deposits on Equipment | 652,944 | 652,944 |
Total Long-Term Assets | 751,359 | 686,504 |
Total assets | 2,017,980 | 1,692,830 |
Liabilities and Stockholders’ Deficit | ||
Current liabilities | ||
Credit Cards | 8,584 | 51,175 |
Accounts Payable | 50,599 | 65,267 |
Other Non-Operating Current Liabilities | 57,136 | 50,017 |
Total current liabilities | 116,319 | 166,459 |
Long-Term Liabilities | ||
Long-Term Debt | 23,495 | 23,495 |
Other Non-Operating Current Liabilities | 12,900 | 0 |
Long-Term Shareholder Loans | 60,000 | 60,000 |
Total Long-Term Liabilities | 96,395 | 83,495 |
Total liabilities | 212,714 | 249,954 |
Stockholders’ deficit | ||
Total Stockholders' Equity | 3,850 | 3,792 |
Total Stockholders' Equity | 12,101,059 | 11,979,117 |
Total Stockholders' Equity | (10,299,643) | (10,540,033) |
Total stockholders’ deficit | 1,805,266 | 1,442,876 |
Total liabilities and stockholders’ deficit | 2,017,980 | 1,692,830 |