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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5915033,6867,8257,422 
Cash and cash equivalents5915033,6867,8257,422 
Receivables7441,8692,1141,9851,417 
Inventory, net of allowances, customer advances and progress billings2,0584,0721,24015,3266 
Inventory2,0584,0721,24015,3266 
Prepaid expense369431426320  
Other undisclosed current assets 273311,6074,679  
Total current assets:4,0356,9059,07330,1358,845 
Noncurrent Assets
Operating lease, right-of-use asset9601,0081,1995670 
Long-term investments and receivables   2,165   
Due from related parties2,165   
Intangible assets, net (including goodwill)11,27211,468    
Intangible assets, net (excluding goodwill)11,27211,468    
Other noncurrent assets33    
Total noncurrent assets:12,23412,4803,3645670 
TOTAL ASSETS:16,26919,38512,43730,1918,915 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,0001,1111,1398222,39445
Taxes payable 1,332 
Accounts payable30537440243  
Accrued liabilities6957361,0995801,06245
Deferred revenue   45 623 
Debt822799    
Customer refund liability230392 317  
Due to related parties 12,6681,410 
Other undisclosed current liabilities1,6532,6594011312 
Total current liabilities:3,7044,9621,58513,8204,43845
Noncurrent Liabilities
Long-term debt and lease obligation:    4659 
Liabilities, other than long-term debt8178661,051   
Operating lease, liability8178661,0514659 
Other undisclosed noncurrent liabilities    (46)(59) 
Total noncurrent liabilities:8178661,0514659 
Total liabilities:4,5225,8282,63613,8664,49845
Equity
Equity, attributable to parent, including:11,74813,5579,80116,3244,418(45)
Preferred stock    33 
Common stock335630277572
Additional paid in capital44,62244,31729,37621,552365(544)
Retained earnings (accumulated deficit)(32,878)(30,764)(19,631)(5,261)3,773(73)
Other undisclosed equity, attributable to parent11    
Total equity:11,74813,5579,80116,3244,418(45)
TOTAL LIABILITIES AND EQUITY:16,26919,38512,43730,1918,915 

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
Revenues13,77313,08712,76158,77664,314 
Cost of revenue(10,540)(10,512)(11,520)(46,843)(54,255) 
Gross profit:3,2332,5751,24111,93410,059 
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)001 
Investment income, nonoperating   001 
Interest and debt expense98     
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
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.

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