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)Annual | Quarterly
| 7/31/2024 Q3 | 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 488 | 591 | 503 | 1,003 | 1,124 | 3,774 | |||
| Cash and cash equivalents | 488 | 591 | 503 | 1,003 | 1,124 | 3,774 | |||
| Receivables | 651 | 744 | 1,869 | 1,847 | 2,983 | 2,545 | |||
| Inventory, net of allowances, customer advances and progress billings | 598 | 2,058 | 4,072 | 3,592 | 3,647 | 3,761 | |||
| Inventory | 598 | 2,058 | 4,072 | 3,592 | 3,647 | 3,761 | |||
| Prepaid expense | 164 | 369 | 431 | 173 | 182 | 317 | |||
| Other undisclosed current assets | 273 | 31 | |||||||
| Total current assets: | 1,902 | 4,035 | 6,905 | 6,615 | 7,936 | 10,396 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 910 | 960 | 1,008 | 1,057 | 1,105 | 1,152 | |||
| Intangible assets, net (including goodwill) | 11,075 | 11,272 | 11,468 | 11,665 | |||||
| Intangible assets, net (excluding goodwill) | 11,075 | 11,272 | 11,468 | 11,665 | |||||
| Other noncurrent assets | 2 | 3 | 3 | 3 | 3 | 3 | |||
| Other undisclosed noncurrent assets | 1,840 | 1,771 | 1,483 | ||||||
| Total noncurrent assets: | 11,988 | 12,234 | 12,480 | 14,565 | 2,879 | 2,639 | |||
| TOTAL ASSETS: | 13,890 | 16,269 | 19,385 | 21,180 | 10,815 | 13,035 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,097 | 1,000 | 1,111 | 666 | 860 | 757 | |||
| Accounts payable | 472 | 305 | 374 | 125 | 163 | 81 | |||
| Accrued liabilities | 624 | 695 | 736 | 541 | 697 | 675 | |||
| Deferred revenue | 130 | 130 | |||||||
| Debt | 282 | 822 | 799 | 483 | |||||
| Customer refund liability | 331 | 230 | 392 | 618 | 921 | 367 | |||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,351 | ||
| Other undisclosed current liabilities | 1,548 | 1,653 | 2,659 | 2,488 | 2,310 | 183 | |||
| Total current liabilities: | 3,258 | 3,704 | 4,962 | 4,255 | 4,221 | 3,787 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 767 | 817 | 866 | 915 | 962 | 1,006 | |||
| Operating lease, liability | 767 | 817 | 866 | 915 | 962 | 1,006 | |||
| Total noncurrent liabilities: | 767 | 817 | 866 | 915 | 962 | 1,006 | |||
| Total liabilities: | 4,025 | 4,522 | 5,828 | 5,170 | 5,182 | 4,793 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 9,864 | 11,748 | 13,557 | 16,010 | 5,632 | 8,242 | |||
| Common stock | 3 | 3 | 3 | 58 | 56 | 56 | |||
| Additional paid in capital | 44,265 | 44,622 | 44,317 | 44,339 | 32,165 | 30,812 | |||
| Accumulated deficit | (34,405) | (32,878) | (30,764) | (28,388) | (26,588) | (22,626) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | |||||
| Total equity: | 9,864 | 11,748 | 13,557 | 16,010 | 5,632 | 8,242 | |||
| TOTAL LIABILITIES AND EQUITY: | 13,890 | 16,269 | 19,385 | 21,180 | 10,815 | 13,035 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 7/31/2024 Q3 | 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,226 | 3,212 | 3,957 | 3,584 | 3,020 | 2,526 | ||
| Cost of revenue | (1,727) | (2,013) | (3,098) | (2,283) | (3,146) | (1,986) | ||
| Gross profit: | 500 | 1,198 | 859 | 1,301 | (125) | 540 | ||
| Operating expenses | (1,755) | (2,913) | (2,901) | (2,954) | (3,837) | (3,547) | ||
| Operating loss: | (1,256) | (1,715) | (2,042) | (1,653) | (3,962) | (3,007) | ||
| Nonoperating income (expense) | (271) | (398) | (331) | (147) | 12 | |||
| Investment income, nonoperating | 12 | |||||||
| Interest and debt expense | 98 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (1,527) | (2,015) | (2,373) | (1,800) | (3,962) | (2,995) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (98) | |||||||
| Loss from continuing operations before income taxes: | (1,527) | (2,113) | (2,373) | (1,800) | (3,962) | (2,995) | ||
| Income tax expense | (1) | |||||||
| Other undisclosed loss from continuing operations | (2) | |||||||
| Net loss attributable to parent: | (1,527) | (2,114) | (2,376) | (1,800) | (3,962) | (2,995) | ||
| Preferred stock dividends and other adjustments | (68) | (68) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (68) | (45) | ||||||
| Net loss available to common stockholders, diluted: | (1,595) | (2,181) | (2,443) | (1,845) | (3,962) | (2,995) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 7/31/2024 Q3 | 4/30/2024 Q2 | 1/31/2024 Q1 | 10/31/2023 Q4 | 7/31/2023 Q3 | 4/30/2023 Q2 | 1/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,527) | (2,114) | (2,376) | (1,800) | (3,962) | (2,995) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,527) | (2,114) | (2,376) | (1,800) | (3,962) | (2,995) | ||
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.