Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 1

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 1
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 Preferred stock ($0.001 par value, 900,000 shares authorized, 900,000 issued and outstanding as of April 30, 2025 and October 31, 2024) 
     900  
     900 

     Common stock ($.001 par value, 1,000,000,000 shares authorized, 11,542,302 and 8,517,302 shares issued and outstanding as of April 30, 2025 and October 31, 2024, respectively) 
     11,542  
     8,517 

    Additional paid-in capital 
     54,151,457  
     51,269,485 

    Accumulated deficit 
     (43,521,963) 
     (37,463,230)
  
    TOTAL STOCKHOLDERS’ EQUITY 
     10,641,936  
     13,815,672 
  
    TOTAL LIABILITIES & STOCKHOLDERS’ EQUITY 
    $12,229,901  
    $16,004,276 

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

F-1

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Operations

(Unaudited)

For the Three Months Ended April 30,
 
For the Six Months Ended April 30,

2025
 
2024
 
2025
 
2024

Revenues

Revenues, net
 
$
4,073

$
1,991,438

$
46,755

$
4,982,718

Revenues - related party

—

1,800

—

3,700

Royalty revenue

42,972

250,325

202,893

490,325

Excise tax on products

—

(17,249
)

—

(38,856
)

Total revenues, net

47,045

2,226,314

249,648

5,437,887

Cost of revenues

Cost of revenue - related party

—

1,726,658

—

3,740,093

Total cost of revenue

—

1,726,658

—

3,740,093

Gross profit

47,045

499,656

249,648

1,697,794

Operating expenses

Advertising and promotion

—

251,400

—

656,292

General and administrative expenses