10-Q
Quarterly Report
KAIVAL BRANDS INNOVATIONS GROUP, INC.
KAVL
NASDAQ
CIK: 1762239
File #: 000-56016
Balance Sheet
35 line items · 2 periods
XBRL
| Item | Apr 30, 2024 | Oct 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Cash and Cash Equivalents | 488,083 | 533,659 |
Accounts Receivable | 651,119 | 1,869,276 |
Inventory | 598,162 | 4,071,824 |
Other Non-Operating Current Assets | 164,289 | 430,668 |
Total current assets | 1,901,653 | 6,905,427 |
Other Non-Operating Non-Current Assets | 2,493 | 2,842 |
Intangible assets, net | 11,075,110 | 11,468,309 |
Operating Lease Right-of-Use Asset | 910,260 | 1,008,428 |
TOTAL ASSETS | 13,889,516 | 19,385,006 |
LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
CURRENT LIABILITIES | ||
Accounts Payable | 472,471 | 374,332 |
Accounts payable - related party | 1,353,691 | 2,474,817 |
Short-Term Debt | 281,861 | 799,471 |
Other Current Liabilities | 624,425 | 736,194 |
Other Current Liabilities | 331,459 | 392,406 |
Operating lease obligation - short term | 194,143 | 184,568 |
Total current liabilities | 3,258,050 | 4,961,788 |
LONG TERM LIABILITIES | ||
Operating Lease Liability, Non-Current | 767,449 | 866,207 |
TOTAL LIABILITIES | 4,025,499 | 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 | 44,265,066 | 44,317,266 |
Total Stockholders' Equity | (34,404,812) | (30,763,948) |
TOTAL STOCKHOLDERS’ EQUITY | 9,864,017 | 13,557,011 |
Convertible Preferred Stock Series B | 900 | 900 |
Common Stock | 2,863 | 2,793 |
Additional Paid-in Capital | 44,265,066 | 44,317,266 |
Retained Earnings | (34,404,812) | (30,763,948) |
TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY | 13,889,516 | 19,385,006 |