Company: KAVL
Filing Date: 2025-09-16
Form Type: 10-Q
Source: 0001731122-25-001266
Chunk: 0

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-09-16
Form: 10-Q
Item: Item 1
Chunk 0
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Kaival Brands Innovations Group, Inc.

 Consolidated Balance Sheets

 (Unaudited)

    July
    31, 2025 
    October
    31, 2024
  
    ASSETS 

    CURRENT
    ASSETS 

    Cash 
    $1,268,926  
    $3,902,300 
  
    Accounts
    receivable, net 
     120,000  
     263,571 
  
    Prepaid
    expenses 
     22,083  
     344,312 
  
    Total
    current assets 
     1,411,009  
     4,510,183 
  
    Fixed
    assets, net 
     —  
     2,146 
  
    Intangible
    assets, net 
     10,092,105  
     10,681,911 
  
    Right
    of use asset - operating lease 
     —  
     810,036 
  
    TOTAL
    ASSETS 
    $11,503,114  
    $16,004,276 

    LIABILITIES
    AND STOCKHOLDERS’ EQUITY 

    CURRENT
    LIABILITIES 

    Accounts
    payable 
    $198,075  
    $57,496 
  
    Accounts
    payable - related party 
     60,000  
     131,683 
  
    Loans
    payable, net 
     —  
     207,616 
  
    Accrued
    expenses 
     392,563  
     925,601 
  
    Operating
    lease obligation - short term 
     213,952  
     203,937 
  
    Total
    current liabilities 
     864,590  
     1,526,333 

    LONG
    TERM LIABILITIES 

    Operating
    lease obligation, net of current portion 
     553,498  
     662,271 

    TOTAL
    LIABILITIES 
     1,418,088  
     2,188,604 

    STOCKHOLDERS’
    EQUITY 

     Preferred
    stock; 5,000,000 shares authorized 

     Series
    A Convertible Preferred stock ($0.001 par value, 3