Innovative Designs Inc (IVDN) Financial Statements (2023 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)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29048032722120948100
Cash and cash equivalents29048032722120948100
Receivables913529205
Inventory, net of allowances, customer advances and progress billings548543551574562577621
Inventory548543551574562577621
Prepaid expense      10
Deposits current assets30     57
Other undisclosed current assets1414040393940
Total current assets:8791,065921840839683832
Noncurrent Assets
Operating lease, right-of-use asset  5161708089
Property, plant and equipment774049576574
Other undisclosed noncurrent assets640610627627628628570
Total noncurrent assets:647617718736755773733
TOTAL ASSETS:1,5261,6821,6391,5761,5941,4571,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities288297221242261301388
Accounts payable238229202210234271357
Accrued liabilities10251515151515
Interest and dividends payable4043417121616
Debt19 1919191952
Due to related parties179 352302302102154
Other undisclosed current liabilities312484240393938
Total current liabilities:516545634602621461632
Noncurrent Liabilities
Long-term debt and lease obligation6713382126136148121
Long-term debt, excluding current maturities671337210510510774
Operating lease, liability  1021314147
Other undisclosed noncurrent liabilities7272(10)(21)(31) (47)
Total noncurrent liabilities:13820582126136148121
Total liabilities:654750717729757609753
Stockholders' equity
Stockholders' equity attributable to parent871932923847837848812
Common stock3333333
Additional paid in capital11,11011,03910,79610,73410,60010,57510,563
Accumulated deficit(10,242)(10,110)(9,876)(9,889)(9,766)(9,730)(9,754)
Total stockholders' equity:871932923847837848812
TOTAL LIABILITIES AND EQUITY:1,5261,6821,6391,5761,5941,4571,565

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

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Revenues624911026402891
Cost of revenue(32)(18)(51)(9)(19)(53)(43)
Gross profit:3031601721(24)48
Operating expenses(183)(154)(118)(137)(100)(122)(143)
Other undisclosed operating income3218519195343
Operating loss:(121)(105)(7)(111)(60)(94)(52)
Nonoperating income (expense)(11)(72)20(12)24(2)(2)
Other nonoperating expense      (2)
Interest and debt expense(11)(18)(13)(12)(5)(2)(2)
Loss before gain (loss) on sale of properties:(144)(195)(0)(136)(41)(97)(56)
Other undisclosed net income11 1312  2
Net income (loss):(132)(195)13(123)(41)(97)(54)
Other undisclosed net income attributable to parent 18  52 
Net income (loss) available to common stockholders, diluted:(132)(176)13(123)(36)(95)(54)

Comprehensive Income ($ in thousands)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Net income (loss):(132)(195)13(123)(41)(97)(54)
Comprehensive income (loss), net of tax, attributable to parent:(132)(195)13(123)(41)(97)(54)

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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