Kaival Brands Innovations Group, Inc. (KAVL) Financial Statements (2024 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)

7/31/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,7743,6867,8257,422 
Cash and cash equivalents3,7743,6867,8257,422 
Receivables2,5452,1141,9851,417 
Inventory, net of allowances, customer advances and progress billings3,7611,24015,3266 
Inventory3,7611,24015,3266 
Prepaid expense317426320  
Other undisclosed current assets  1,6074,679  
Total current assets:10,3969,07330,1358,845 
Noncurrent Assets
Operating lease, right-of-use asset1,1521,1995670 
Long-term investments and receivables  2,165   
Due from related parties 2,165   
Intangible assets, net (including goodwill)     
Intangible assets, net (excluding goodwill)     
Other noncurrent assets3    
Other undisclosed noncurrent assets1,483    
Total noncurrent assets:2,6393,3645670 
TOTAL ASSETS:13,03512,43730,1918,915 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7571,1398222,39445
Taxes payable 1,332 
Accounts payable8140243  
Accrued liabilities6751,0995801,06245
Deferred revenue 13045 623 
Debt     
Customer refund liability367 317  
Due to related parties2,351 12,6681,410 
Other undisclosed current liabilities1834011312 
Total current liabilities:3,7871,58513,8204,43845
Noncurrent Liabilities
Long-term debt and lease obligation:   4659 
Liabilities, other than long-term debt1,0061,051   
Operating lease, liability1,0061,0514659 
Other undisclosed noncurrent liabilities   (46)(59) 
Total noncurrent liabilities:1,0061,0514659 
Total liabilities:4,7932,63613,8664,49845
Equity
Equity, attributable to parent8,2429,80116,3244,418(45)
Preferred stock   33 
Common stock565630277572
Additional paid in capital30,81229,37621,552365(544)
Retained earnings (accumulated deficit)(22,626)(19,631)(5,261)3,773(73)
Other undisclosed equity, attributable to parent     
Total equity:8,2429,80116,3244,418(45)
TOTAL LIABILITIES AND EQUITY:13,03512,43730,1918,915 

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

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues12,44512,76158,77664,314 
Cost of revenue(9,973)(11,520)(46,843)(54,255) 
Gross profit:2,4721,24111,93410,059 
Operating expenses(17,086)(15,630)(22,403)(4,700)(69)
Operating income (loss):(14,614)(14,389)(10,469)5,360(69)
Nonoperating income (expense)12001 
Investment income, nonoperating12001 
Other undisclosed income from continuing operations before equity method investments, income taxes0    
Income (loss) from continuing operations before income taxes:(14,602)(14,389)(10,469)5,361(69)
Income tax expense (benefit)1818(1,435)(1,515) 
Income (loss) from continuing operations:(14,583)(14,370)(11,904)3,846(69)
Income (loss) before gain (loss) on sale of properties:(8,869)(11,904)3,846(69)
Other undisclosed net income   2,870  
Net income (loss) attributable to parent:(14,583)(14,370)(9,033)3,846(69)
Other undisclosed net loss available to common stockholders, basic     
Net income (loss) available to common stockholders, diluted:(14,583)(14,370)(9,033)3,846(69)

Comprehensive Income ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income (loss):(14,583)(14,370)(9,033)3,846(69)
Comprehensive income (loss), net of tax, attributable to parent:(14,583)(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.

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