Innovative Designs Inc (IVDN) Financial Statements (2024 and earlier)

Company Profile

Business Address 124 CHERRY ST.
PITTSBURGH, PA 15223
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 239 - Miscellaneous Fabricated Textile Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1692634804835112
Cash and cash equivalents 1692634804835112
Receivables811120613
Inventory, net of allowances, customer advances and progress billings643495543577636721
Inventory643495543577636721
Prepaid expense     1012
Deposits current assets     5757
Other undisclosed current assets  4139382
Total current assets:8217691,065683782918
Noncurrent Assets
Operating lease, right-of-use asset    80 
Property, plant and equipment26676598132
Deposits noncurrent assets607607  600617
Other undisclosed noncurrent assets1395610628888
Total noncurrent assets:646708617773786757
TOTAL ASSETS:1,4671,4771,6821,4571,5691,674
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities180166297301620229
Interest and dividends payable43161923
Accounts payable176162229271590195
Accrued liabilities4425151111
Debt20  195619
Due to related parties96111 10296145
Other undisclosed current liabilities516624839  
Total current liabilities:348343545461771393
Noncurrent Liabilities
Long-term debt and lease obligation 6067133148160101
Long-term debt, excluding current maturities 606713310781101
Operating lease, liability    4179
Other undisclosed noncurrent liabilities 6572(41)  
Total noncurrent liabilities:60131205148160101
Total liabilities:407474750609932493
Equity
Equity, attributable to parent1,0601,0039328486371,181
Common stock433333
Additional paid in capital11,45111,33511,03910,57510,40410,107
Accumulated deficit(10,395)(10,336)(10,110)(9,730)(9,771)(8,929)
Other undisclosed equity, attributable to parent      
Total equity:1,0601,0039328486371,181
TOTAL LIABILITIES AND EQUITY:1,4671,4771,6821,4571,5691,674

Income Statement (P&L) ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues268259226202216250
Other income  371341428
Cost of revenue(132)(147)(97)(131)(127)(189)
Cost of goods and services sold  260   (24)
Gross profit:136112129718961
Operating expenses(762)(813)(508)(472)(898)(648)
Other undisclosed operating income13214797131  
Operating loss:(494)(554)(283)(270)(809)(587)
Nonoperating income (expense)341329(40)(11)(33)5
Other nonoperating expense     (18)(1)
Interest and debt expense(37)(42)(49)(11)(18)(23)
Loss from continuing operations:(190)(268)(372)(292)(860)(606)
Loss before gain (loss) on sale of properties:(86)(372)(292)(860)(606)
Other undisclosed net income23     
Net loss:(167)(268)(372)(292)(860)(606)
Other undisclosed net income attributable to parent144249111823
Net loss available to common stockholders, diluted:(153)(225)(323)(281)(842)(583)

Comprehensive Income ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net loss:(167)(268)(372)(292)(860)(606)
Comprehensive loss, net of tax, attributable to parent:(167)(268)(372)(292)(860)(606)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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