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)

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 250  169263160
Cash and cash equivalents 250  169263160
Receivables3102811260
Inventory, net of allowances, customer advances and progress billings549589630643495531
Inventory549589630643495531
Other undisclosed current assets(11)17965  20
Total current assets:819768697821769971
Noncurrent Assets
Property, plant and equipment2324252666
Deposits noncurrent assets  720647607607 
Other undisclosed noncurrent assets66113131395657
Total noncurrent assets:685757685646708664
TOTAL ASSETS:1,5041,5251,3821,4671,4771,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities259279229180166340
Interest and dividends payable40
Accounts payable217275211176162294
Accrued liabilities43418445
Debt20202020 19
Due to related parties96111120
Other undisclosed current liabilities71126131516610
Total current liabilities:351425380348343489
Noncurrent Liabilities
Long-term debt and lease obligation44 55606767
Long-term debt, excluding current maturities44 55606767
Other undisclosed noncurrent liabilities  50  6571
Total noncurrent liabilities:44505560131138
Total liabilities:395475435407474627
Equity
Equity, attributable to parent, including:1,1091,0509471,0601,0031,008
Common stock444433
Additional paid in capital11,74211,63811,45111,45111,33511,310
Accumulated deficit(10,637)(10,591)(10,507)(10,395)(10,336)(10,306)
Other undisclosed equity, attributable to parent  (0)    
Total equity:1,1091,0509471,0601,0031,008
TOTAL LIABILITIES AND EQUITY:1,5041,5251,3821,4671,4771,635

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

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
Revenues124125277224135
Cost of revenue  (76)(13)(17)(37)(56)
Other undisclosed gross profit 107     
Gross profit:231481455(13)79
Operating expenses(165)(201)(135)(132)(157)(172)
Other undisclosed operating income (loss) (107)7613173756
Operating loss:(41)(77)(108)(60)(133)(37)
Nonoperating income (expense)(5)(7)(5)1103249
Interest and debt expense(7)(6)(5)(7)(8)(11)
Income (loss) from continuing operations:(53)(90)(117)(66)(38)202
Income before gain (loss) on sale of properties:202
Other undisclosed net income765  11
Net income (loss):(46)(84)(113)(66)(38)212
Other undisclosed net income attributable to parent    78 
Net income (loss) available to common stockholders, diluted:(46)(84)(113)(59)(30)212

Comprehensive Income ($ in thousands)

1/31/2024
Q1
10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
Net income (loss):(46)(84)(113)(66)(38)212
Comprehensive income (loss), net of tax, attributable to parent:(46)(84)(113)(66)(38)212

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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