Innovative Designs Inc (IVDN) financial statements (2021 and earlier)

Company profile

Business Address 124 CHERRY ST.
PITTSBURGH, PA 15223
State of Incorp. DE
Fiscal Year End October 31
SIC 239 - Miscellaneous Fabricated Textile Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351122155031,152989
Cash and cash equivalents351122155031,152989
Receivables61324728694
Inventory, net of allowances, customer advances and progress billings636721730937924(46)
Inventory636721730937924(46)
Prepaid expense1012151783
Deposits current assets575770 78 
Other undisclosed current assets38222 936
Total current assets:7829181,0551,5312,2481,975
Noncurrent Assets
Property, plant and equipment981321611775156
Deposits noncurrent assets600617617617420 
Other undisclosed noncurrent assets88844 1
Total noncurrent assets:78675778279847157
TOTAL ASSETS:1,5691,6741,8372,3292,7192,033
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities620229199260290360
Accounts payable59019512911711988
Accrued liabilities111125939387
Interest and dividends payable1923445078184
Debt561918151559
Due to related parties96145119119354330
Total current liabilities:771393335394659749
Noncurrent Liabilities
Long-term debt and lease obligation160101119189235328
Long-term debt, excluding current maturities81101119189235328
Operating lease, liability79
Total noncurrent liabilities:160101119189235328
Total liabilities:9324934545838941,077
Stockholders' equity
Stockholders' equity attributable to parent6371,1811,3821,7451,825956
Common stock333322
Additional paid in capital10,40410,1079,7259,4568,9037,522
Accumulated deficit(9,771)(8,929)(8,346)(7,713)(7,080)(6,569)
Total stockholders' equity:6371,1811,3821,7451,825956
TOTAL LIABILITIES AND EQUITY:1,5691,6741,8372,3292,7192,033

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

10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Revenues216250368602773771
Revenue, net368602773771
Cost of revenue(127)(189)(216)(304)(372)(457)
Cost of goods and services sold (24)(216)(304)(372)(457)
Gross profit:8961152299401314
Operating expenses(898)(648)(756)(865)(816)(647)
Other undisclosed operating income     24
Operating loss:(809)(587)(604)(567)(415)(310)
Nonoperating income (expense)(33)5(29)(66)(97)(124)
Other nonoperating income (expense)(18)(1)(5)(2)0 
Interest and debt expense(18)(23)(24)(63)(94)(124)
Net loss:(860)(606)(657)(696)(605)(559)
Other undisclosed net income attributable to parent1823246394124
Net loss available to common stockholders, diluted:(842)(583)(633)(632)(512)(434)

Comprehensive Income ($ in thousands)

10/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
Net loss:(860)(606)(657)(696)(605)(559)
Comprehensive loss, net of tax, attributable to parent:(860)(606)(657)(696)(605)(559)

Statements sources

The financial statements are based on the company's filings with the 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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