Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 3
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 Common Shares
 
Additional Paid-in Capital
 
Accumulated
Deficit
 
Total

Balances, October 31, 2024

900,000

$
900

8,517,302

$
8,517

$
51,269,485

$
(37,463,230
)
 
$
13,815,672

Common shares issued for services

—

—

3,025,000

3,025

2,870,725

—

2,873,750

Preferred stock dividend

—

—

—

—

(22,500
)

—

(22,500
)

Stock option expense

—

—

—

—

31,302

—

31,302

Net loss

—

—

—

—

—

(4,061,080
)

(4,061,080
)

Balances, January 31, 2025

900,000

$
900

11,542,302

$
11,542

$
54,149,012

$
(41,524,310
)
 
$
12,637,144

Stock option expense

—

—

—

—

2,445

—

2,445

Net loss

—

—

—

—

—

(1,997,653
)

(1,997,653
)

Balances, April 30, 2025

900,000

$
900

11,542,302

$
11,542

$
54,151,457

$
(43,521,963
)
 
$
10,641,936

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

F-3

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Changes in Stockholders’
Equity

For the Six Months Ended April 30, 2024

(Unaudited)

    Par Value 

    Convertible 
    Convertible 

    Preferred 
    Preferred 
      
    Par Value 
    Additional 

    Shares 
    Shares 
    Common 
    Common 
    Paid-in 
    Accumulated 

    (Series B) 
    (Series B) 
    Shares 
    Shares 
    Capital 
    Deficit 
    Total

    Balances, October 31, 2023 
     900,000  
    $900  
     2,793,386  
    $2,793  
    $44,317,266  
    $(30,763,