Innovative Designs Inc (IVDN) financial statements (2022 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)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2904804835112215
Cash and cash equivalents2904804835112215
Receivables912061324
Inventory, net of allowances, customer advances and progress billings548543577636721730
Inventory548543577636721730
Prepaid expense   101215
Deposits current assets30  575770
Other undisclosed current assets141393822
Total current assets:8791,0656837829181,055
Noncurrent Assets
Operating lease, right-of-use asset  80 
Property, plant and equipment776598132161
Deposits noncurrent assets   600617617
Other undisclosed noncurrent assets6406106288884
Total noncurrent assets:647617773786757782
TOTAL ASSETS:1,5261,6821,4571,5691,6741,837
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities288297301620229199
Accounts payable238229271590195129
Accrued liabilities102515111125
Interest and dividends payable404316192344
Debt19 19561918
Due to related parties179 10296145119
Other undisclosed current liabilities3124839   
Total current liabilities:516545461771393335
Noncurrent Liabilities
Long-term debt and lease obligation67133148160101119
Long-term debt, excluding current maturities6713310781101119
Operating lease, liability  4179
Other undisclosed noncurrent liabilities7272(41)   
Total noncurrent liabilities:138205148160101119
Total liabilities:654750609932493454
Stockholders' equity
Stockholders' equity attributable to parent8719328486371,1811,382
Common stock333333
Additional paid in capital11,11011,03910,57510,40410,1079,725
Accumulated deficit(10,242)(10,110)(9,730)(9,771)(8,929)(8,346)
Total stockholders' equity:8719328486371,1811,382
TOTAL LIABILITIES AND EQUITY:1,5261,6821,4571,5691,6741,837

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Revenues248226202216250368
Revenue, net368
Cost of revenue(110)(97)(131)(127)(189)(216)
Cost of goods and services sold    (24)(216)
Gross profit:138129718961152
Operating expenses(592)(508)(472)(898)(648)(756)
Other undisclosed operating income11097131   
Operating loss:(344)(283)(270)(809)(587)(604)
Nonoperating income (expense)(75)(40)(11)(33)5(29)
Other nonoperating expense   (18)(1)(5)
Interest and debt expense(56)(49)(11)(18)(23)(24)
Loss before gain (loss) on sale of properties:(474)(372)(292)(860)(606)(657)
Other undisclosed net income37     
Net loss:(437)(372)(292)(860)(606)(657)
Other undisclosed net income attributable to parent184911182324
Net loss available to common stockholders, diluted:(419)(323)(281)(842)(583)(633)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Net loss:(437)(372)(292)(860)(606)(657)
Comprehensive loss, net of tax, attributable to parent:(437)(372)(292)(860)(606)(657)

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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