Innovative Designs Inc (IVDN) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
4/30/2019
Q2
1/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments100757235364478
Cash and cash equivalents100757235364478
Receivables52160146
Inventory, net of allowances, customer advances and progress billings621635616636653666674
Inventory621635616636653666674
Prepaid expense10101010101010
Deposits current assets57575757575757
Other undisclosed current assets4039393838412
Total current assets:832819795782795820867
Noncurrent Assets
Operating lease, right-of-use asset8998107 125126
Property, plant and equipment74829098107115123
Deposits noncurrent assets   600   
Other undisclosed noncurrent assets57057157188572569608
Total noncurrent assets:733751768786804810731
TOTAL ASSETS:1,5651,5691,5631,5691,5981,6301,598
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities388379417620444380358
Accounts payable357351390590414343323
Accrued liabilities15131111111111
Interest and dividends payable16161619192623
Debt52195656555819
Due to related parties1541651259681131134
Other undisclosed current liabilities3838     
Total current liabilities:632600598771580570511
Noncurrent Liabilities
Long-term debt and lease obligation12113014716017517896
Long-term debt, excluding current maturities74747781869196
Operating lease, liability475670798987
Other undisclosed noncurrent liabilities(47)(56)     
Total noncurrent liabilities:12113014716017517896
Total liabilities:753730744932755747606
Stockholders' equity
Stockholders' equity attributable to parent, including:812839819637843883992
Common stock3333333
Additional paid in capital10,56310,52610,45310,40410,28310,18810,168
Accumulated deficit(9,754)(9,700)(9,638)(9,771)(9,443)(9,308)(9,179)
Other undisclosed stockholders' equity attributable to parent 10     
Total stockholders' equity:812839819637843883992
TOTAL LIABILITIES AND EQUITY:1,5651,5691,5631,5691,5981,6301,598

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

7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
4/30/2019
Q2
1/31/2019
Q1
Revenues913647274930109
Cost of revenue(43)(15)(20)(17)(31)(13)(66)
Gross profit:48202711181743
Operating expenses(143)(96)(112)(221)(187)(153)(337)
Other undisclosed operating income (loss)431520(110)311366
Operating loss:(52)(60)(65)(320)(138)(123)(228)
Nonoperating income (expense)(2)(2)(4)(8)3(6)(23)
Other nonoperating income (expense)(2)(2)(4) 3(6)(23)
Interest and debt expense(2)(2)(5)(8)(1)(5)(5)
Loss before gain (loss) on sale of properties:(56)(65)(74)(335)(136)(134)(255)
Other undisclosed net income22     
Net loss:(54)(62)(74)(335)(136)(134)(255)
Other undisclosed net income attributable to parent  58155
Net loss available to common stockholders, diluted:(54)(62)(69)(328)(135)(129)(250)

Comprehensive Income ($ in thousands)

7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
4/30/2019
Q2
1/31/2019
Q1
Net loss:(54)(62)(74)(335)(136)(134)(255)
Comprehensive loss, net of tax, attributable to parent:(54)(62)(74)(335)(136)(134)(255)

Statements sources

The financial statements are based on the company's filings with the 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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