Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 741

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7
Chunk 741
---
 statements.

F-5

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Cash Flows

For the Year Ended
 
For the Year Ended

October 31, 2024
 
October 31, 2023

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss
 
$
(6,699,282
)
 
$
(11,132,772
)

Adjustments to reconcile net loss to net cash used in operating activities:

Stock based compensation

62,000

—

Stock options expense

108,234

3,168,430

Stock warrant expense

—

218,909

Depreciation and amortization

787,094

328,304

Amortization of debt discount

214,095

463,160

Loss on extinguishment of debt

98,432

—

Bad debt expense

27,995

47,727

ROU operating lease expense

198,392

190,541

Inventory reserve

—

381,512

Write-off of inventory

61,927

105,057

 Loss on settlement of payables

 142,786

—

Changes in current assets and liabilities:

Accounts receivable

1,577,710

(1,342,397
)

Other receivable - related party

—

3,704,132

Prepaid expenses

561,837

325,739

Inventory

4,009,897

(3,318,668
)

Income tax receivable

—

1,607,302

Accounts payable

(316,836
)

334,309

Accounts payable - related party

(1,068,134
)

2,474,817

Accrued expenses

138,194

(475,463
)

Deferred revenue

—

(235,274
)

Customer deposits

—

(44,973
)

Customer refunds due

(392,406
)

392,406

Operating lease obligations

(184,567
)

(166,052
)

Net cash used in operating activities

(672,632
)

(2,973,254
)

CASH FLOWS FROM INVESTING ACTIVITIES

Cash paid for equipment

—

(3,480
)

Transaction acquisition costs

—

(312,289
)

Net cash used in investing activities

—

(315,769
)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from loans payable

1,106,731

1,272