10-Q
Quarterly Report
KAIVAL BRANDS INNOVATIONS GROUP, INC.
KAVL
NASDAQ
CIK: 1762239
File #: 000-56016
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS: | ||
Cash and Cash Equivalents | 591,293 | 533,659 |
Accounts Receivable | 743,961 | 1,869,276 |
Inventory | 2,058,070 | 4,071,824 |
Inventory deposit – related party | 273,060 | 0 |
Other Non-Operating Current Assets | 369,027 | 430,668 |
Total current assets | 4,035,411 | 6,905,427 |
Other Non-Operating Non-Current Assets | 2,668 | 2,842 |
Intangible assets, net | 11,271,710 | 11,468,309 |
Operating Lease Right-of-Use Asset | 959,594 | 1,008,428 |
TOTAL ASSETS | 16,269,383 | 19,385,006 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
CURRENT LIABILITIES: | ||
Accounts Payable | 304,595 | 374,332 |
Accounts payable- related party | 1,413,691 | 2,474,817 |
Short-Term Debt | 821,889 | 799,471 |
Other Current Liabilities | 695,442 | 736,194 |
Other Current Liabilities | 50,000 | 0 |
Other Current Liabilities | 229,548 | 392,406 |
Operating lease obligation – short term | 189,329 | 184,568 |
Total current liabilities | 3,704,494 | 4,961,788 |
LONG TERM LIABILITIES | ||
Operating Lease Liability, Non-Current | 817,106 | 866,207 |
TOTAL LIABILITIES | 4,521,600 | 5,827,995 |
STOCKHOLDERS’ EQUITY: | ||
Series A Preferred Stock | 0 | 0 |
Series B Preferred Stock | 900 | 900 |
Total Stockholders' Equity | 2,863 | 2,793 |
Total Stockholders' Equity | 44,621,654 | 44,317,266 |
Total Stockholders' Equity | (32,877,634) | (30,763,948) |
Total Stockholders’ Equity | 11,747,783 | 13,557,011 |
Series B Preferred Stocks | 900 | 900 |
Common Stock | 2,863 | 2,793 |
Additional Paid-in Capital | 44,621,654 | 44,317,266 |
Retained Earnings | (32,877,634) | (30,763,948) |
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY | 16,269,383 | 19,385,006 |