Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 812

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7A
Chunk 812
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$
19,385,006

LIABILITIES
AND STOCKHOLDERS’ EQUITY

CURRENT
LIABILITIES

Accounts
payable
 
$
57,496

$
374,332

Accounts
payable - related party

131,683

2,474,817

Loans payable,
net

207,616

799,471

Accrued
expenses

925,601

736,194

Customer
refund due

—

392,406

Operating
lease obligation - short term

203,937

184,568

Total current
liabilities

1,526,333

4,961,788

LONG TERM
LIABILITIES

Operating
lease obligation, net of current portion

662,271

866,207

TOTAL
LIABILITIES

2,188,604

5,827,995

Commitments
and Contingencies (Note 11)

STOCKHOLDERS’
EQUITY

 Preferred
stock; 5,000,000 shares authorized

 Series
A Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized, none issued and outstanding as of October 31, 2024 and
October 31, 2023)

—

—

 Series B Convertible
Preferred stock ($0.001 par value, 900,000 shares authorized, 900,000 issued and outstanding as of October 31, 2024 and October 31, 2023)

900

900

 Common stock ($.001
par value, 1,000,000,000 shares authorized, 8,517,302 and 2,793,386 shares issued and outstanding as of October 31, 2024 and October
31, 2023, respectively)

8,517

2,793

Additional
paid-in capital

51,269,485

44,317,266

Accumulated
deficit

(37,463,230
)

(30,763,948
)

TOTAL
STOCKHOLDERS’ EQUITY

13,815,672

13,557,011

TOTAL
LIABILITIES & STOCKHOLDERS’ EQUITY
 
$
16,004,276

$
19,385,006

The accompanying notes are an integral part of these
consolidated financial statements.

F-3

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Operations

For