Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 30

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 30
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 $15.33-602.28  
     50.18 
  
    Outstanding, April 30, 2025 
     119,953  
     3,353,019  
    $3.64-59.85  
     27.95 
  
    Exercisable, April 30, 2025 
     118,167  
    $3,323,447  
    $3.64-59.85  
    $28.12 

During the three months ended April 30, 2025, and
2024, the Company recognized $2,445 and ($289,088), respectively, of stock option expense related to outstanding stock options. During
the six months ended April 30, 2025, and 2024, the Company recognized $33,747 and $20,870, respectively, of stock option expense related
to outstanding stock options. No options were granted during the three and six months ended April 30, 2025.

As of April 30, 2025, the Company had $21,188 of unrecognized
expenses related to options, which is expected to be recognized over a weighted-average period of approximately 2.2 years. The weighted
average remaining contractual life is approximately 4.34   years for stock options outstanding as of April 30, 2025. The aggregate
intrinsic value of these outstanding options as of April 30, 2025, was 0zero.

Warrants

Warrant information as of the periods indicated is
as follows:

Schedule of warrant information

Weighted

Aggregate
 
Exercise
 
Average

Aggregate
Number
 
Exercise 
Price
 
 Price 
Range
 
Exercise 
Price

Outstanding, October 31, 2024

5,754,686

$
19,826,116

$
1.16-126.00

$
3.45

Granted

—

—

—

—

Exercised

—

—

—

—

Cancelled, forfeited, or expired

—

—

—

—

Outstanding, April 30, 2025

5,754,686

$
19,826,116

$
1.16-126.00

$
3.45

Exercisable, April 30, 2025

5,754,686

$
19,826,116

$
1.16-126.00

$
3.45

The weighted average remaining contractual