Kaival Brands Innovations Group Inc. (KAVL) Financial Statements (2025 and earlier)
Company Profile
Business Address |
4460 OLD DIXIE HIGHWAY GRANT-VALKARIA, FL 32949 |
State of Incorp. | |
Fiscal Year End | October 31 |
Industry (SIC) | 596 - Nonstore Retailers (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
7/31/2024 MRQ | 1/31/2024 MRQ | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 591 | 503 | 3,686 | 7,825 | 7,422 | ||||
Cash and cash equivalents | 591 | 503 | 3,686 | 7,825 | 7,422 | ||||
Receivables | 744 | 1,869 | 2,114 | 1,985 | 1,417 | ||||
Inventory, net of allowances, customer advances and progress billings | 2,058 | 4,072 | 1,240 | 15,326 | 6 | ||||
Inventory | 2,058 | 4,072 | 1,240 | 15,326 | 6 | ||||
Prepaid expense | 369 | 431 | 426 | 320 | |||||
Other undisclosed current assets | 273 | 31 | 1,607 | 4,679 | |||||
Total current assets: | 4,035 | 6,905 | 9,073 | 30,135 | 8,845 | ||||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 960 | 1,008 | 1,199 | 56 | 70 | ||||
Long-term investments and receivables | 2,165 | ||||||||
Due from related parties | ✕ | ✕ | ✕ | 2,165 | |||||
Intangible assets, net (including goodwill) | 11,272 | 11,468 | |||||||
Intangible assets, net (excluding goodwill) | 11,272 | 11,468 | |||||||
Other noncurrent assets | 3 | 3 | |||||||
Total noncurrent assets: | 12,234 | 12,480 | 3,364 | 56 | 70 | ||||
TOTAL ASSETS: | 16,269 | 19,385 | 12,437 | 30,191 | 8,915 | ||||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 1,000 | 1,111 | 1,139 | 822 | 2,394 | 45 | |||
Taxes payable | ✕ | ✕ | ✕ | ✕ | 1,332 | ||||
Accounts payable | 305 | 374 | 40 | 243 | |||||
Accrued liabilities | 695 | 736 | 1,099 | 580 | 1,062 | 45 | |||
Deferred revenue | 45 | 623 | |||||||
Debt | 822 | 799 | |||||||
Customer refund liability | 230 | 392 | 317 | ||||||
Due to related parties | ✕ | ✕ | ✕ | 12,668 | 1,410 | ||||
Other undisclosed current liabilities | 1,653 | 2,659 | 401 | 13 | 12 | ||||
Total current liabilities: | 3,704 | 4,962 | 1,585 | 13,820 | 4,438 | 45 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 46 | 59 | |||||||
Liabilities, other than long-term debt | 817 | 866 | 1,051 | ||||||
Operating lease, liability | 817 | 866 | 1,051 | 46 | 59 | ||||
Other undisclosed noncurrent liabilities | (46) | (59) | |||||||
Total noncurrent liabilities: | 817 | 866 | 1,051 | 46 | 59 | ||||
Total liabilities: | 4,522 | 5,828 | 2,636 | 13,866 | 4,498 | 45 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 11,748 | 13,557 | 9,801 | 16,324 | 4,418 | (45) | |||
Preferred stock | 3 | 3 | |||||||
Common stock | 3 | 3 | 56 | 30 | 277 | 572 | |||
Additional paid in capital | 44,622 | 44,317 | 29,376 | 21,552 | 365 | (544) | |||
Retained earnings (accumulated deficit) | (32,878) | (30,764) | (19,631) | (5,261) | 3,773 | (73) | |||
Other undisclosed equity, attributable to parent | 1 | 1 | |||||||
Total equity: | 11,748 | 13,557 | 9,801 | 16,324 | 4,418 | (45) | |||
TOTAL LIABILITIES AND EQUITY: | 16,269 | 19,385 | 12,437 | 30,191 | 8,915 |
Income Statement (P&L) ($ in thousands)
7/31/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
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Revenues | 13,773 | 13,087 | 12,761 | 58,776 | 64,314 | |||
Cost of revenue | (10,540) | (10,512) | (11,520) | (46,843) | (54,255) | |||
Gross profit: | 3,233 | 2,575 | 1,241 | 11,934 | 10,059 | |||
Operating expenses | (12,604) | (13,238) | (15,630) | (22,403) | (4,700) | (69) | ||
Operating income (loss): | (9,372) | (10,664) | (14,389) | (10,469) | 5,360 | (69) | ||
Nonoperating income (expense) | (877) | (467) | 0 | 0 | 1 | |||
Investment income, nonoperating | 0 | 0 | 1 | |||||
Interest and debt expense | 98 | |||||||
Income (loss) from continuing operations before equity method investments, income taxes: | (10,150) | (11,130) | (14,389) | (10,469) | 5,361 | (69) | ||
Other undisclosed income (loss) from continuing operations before income taxes | (98) | |||||||
Income (loss) from continuing operations before income taxes: | (10,248) | (11,130) | (14,389) | (10,469) | 5,361 | (69) | ||
Income tax expense (benefit) | (1) | (2) | 18 | (1,435) | (1,515) | |||
Other undisclosed loss from continuing operations | (2) | |||||||
Income (loss) from continuing operations: | (10,252) | (11,133) | (14,370) | (11,904) | 3,846 | (69) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (11,904) | 3,846 | (69) | |
Other undisclosed net income | 2,870 | |||||||
Net income (loss) attributable to parent: | (10,252) | (11,133) | (14,370) | (9,033) | 3,846 | (69) | ||
Preferred stock dividends and other adjustments | (135) | (113) | ||||||
Other undisclosed net loss available to common stockholders, basic | (45) | |||||||
Net income (loss) available to common stockholders, diluted: | (10,432) | (11,245) | (14,370) | (9,033) | 3,846 | (69) |
Comprehensive Income ($ in thousands)
7/31/2024 TTM | 1/31/2024 TTM | 10/31/2023 | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | ||
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Net income (loss): | (10,252) | (11,133) | (14,370) | (9,033) | 3,846 | (69) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (10,252) | (11,133) | (14,370) | (9,033) | 3,846 | (69) |
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.