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 investments | 290 | 480 | 327 | 221 | 209 | 48 | 100 | ||
| Cash and cash equivalents | 290 | 480 | 327 | 221 | 209 | 48 | 100 | ||
| Receivables | 9 | 1 | 3 | 5 | 29 | 20 | 5 | ||
| Inventory, net of allowances, customer advances and progress billings | 548 | 543 | 551 | 574 | 562 | 577 | 621 | ||
| Inventory | 548 | 543 | 551 | 574 | 562 | 577 | 621 | ||
| Prepaid expense | 10 | ||||||||
| Deposits current assets | 30 | 57 | |||||||
| Other undisclosed current assets | 1 | 41 | 40 | 40 | 39 | 39 | 40 | ||
| Total current assets: | 879 | 1,065 | 921 | 840 | 839 | 683 | 832 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 51 | 61 | 70 | 80 | 89 | ||||
| Property, plant and equipment | 7 | 7 | 40 | 49 | 57 | 65 | 74 | ||
| Other undisclosed noncurrent assets | 640 | 610 | 627 | 627 | 628 | 628 | 570 | ||
| Total noncurrent assets: | 647 | 617 | 718 | 736 | 755 | 773 | 733 | ||
| TOTAL ASSETS: | 1,526 | 1,682 | 1,639 | 1,576 | 1,594 | 1,457 | 1,565 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 288 | 297 | 221 | 242 | 261 | 301 | 388 | ||
| Accounts payable | 238 | 229 | 202 | 210 | 234 | 271 | 357 | ||
| Accrued liabilities | 10 | 25 | 15 | 15 | 15 | 15 | 15 | ||
| Interest and dividends payable | 40 | 43 | 4 | 17 | 12 | 16 | 16 | ||
| Debt | 19 | 19 | 19 | 19 | 19 | 52 | |||
| Due to related parties | 179 | 352 | 302 | 302 | 102 | 154 | |||
| Other undisclosed current liabilities | 31 | 248 | 42 | 40 | 39 | 39 | 38 | ||
| Total current liabilities: | 516 | 545 | 634 | 602 | 621 | 461 | 632 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 67 | 133 | 82 | 126 | 136 | 148 | 121 | ||
| Long-term debt, excluding current maturities | 67 | 133 | 72 | 105 | 105 | 107 | 74 | ||
| Operating lease, liability | 10 | 21 | 31 | 41 | 47 | ||||
| Other undisclosed noncurrent liabilities | 72 | 72 | (10) | (21) | (31) | (47) | |||
| Total noncurrent liabilities: | 138 | 205 | 82 | 126 | 136 | 148 | 121 | ||
| Total liabilities: | 654 | 750 | 717 | 729 | 757 | 609 | 753 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 871 | 932 | 923 | 847 | 837 | 848 | 812 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Additional paid in capital | 11,110 | 11,039 | 10,796 | 10,734 | 10,600 | 10,575 | 10,563 | ||
| Accumulated deficit | (10,242) | (10,110) | (9,876) | (9,889) | (9,766) | (9,730) | (9,754) | ||
| Total stockholders' equity: | 871 | 932 | 923 | 847 | 837 | 848 | 812 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,526 | 1,682 | 1,639 | 1,576 | 1,594 | 1,457 | 1,565 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 62 | 49 | 110 | 26 | 40 | 28 | 91 | |
| Cost of revenue | (32) | (18) | (51) | (9) | (19) | (53) | (43) | |
| Gross profit: | 30 | 31 | 60 | 17 | 21 | (24) | 48 | |
| Operating expenses | (183) | (154) | (118) | (137) | (100) | (122) | (143) | |
| Other undisclosed operating income | 32 | 18 | 51 | 9 | 19 | 53 | 43 | |
| 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 income | 11 | 13 | 12 | 2 | ||||
| Net income (loss): | (132) | (195) | 13 | (123) | (41) | (97) | (54) | |
| Other undisclosed net income attributable to parent | 18 | 5 | 2 | |||||
| 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.