Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 203

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 1A
Chunk 203
---
747

5,250,980

—

5,252,727

Exercises of pre-funded warrants

—

—

2,174,456

2,174

(724
)

—

1,450

Exercises of warrants

—

—

333,200

333

385,413

—

385,746

Common shares issued to settle related party accounts payable

—

—

1,400,144

1,400

1,416,386

—

1,417,786

Preferred stock dividend

—

—

—

—

(270,000
)

—

(270,000
)

Stock option expense, net of forfeitures

—

—

—

—

108,234

—

108,234

Net loss

—

—

—

—

—

(6,699,282
)

(6,699,282
)

Balances, October 31, 2024

900,000

$
900

8,517,302

$
8,517

$
51,269,485

$
(37,463,230
)
 
$
13,815,672

The accompanying notes are an integral part of these
consolidated financial 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