Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 202

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 1A
Chunk 202
---
 an integral part of these
consolidated financial statements.

F-4

    Kaival
    Brands Innovations Group, Inc. 
  
    Consolidated
    Statements of Changes in Stockholders’ Equity 
  
    For
                                     the years ended October 31, 2024, and 2023

Convertible Preferred Shares   (Series B)
 
Par Value Convertible Preferred Shares   (Series B)
 
Common Shares
 
Par Value Common Shares
 
Additional Paid-in Capital
 
Accumulated Deficit
 
Total

Balances, October 31, 2022

—

$
—

2,674,718

$
2,675

$
29,429,281

$
(19,631,176
)
 
$
9,800,780

Common shares issued for purchase of intangible assets

—

—

95,239

95

1,119,705

—

1,119,800

Preferred series B shares issued for purchase of intangible assets

900,000

900

—

—

9,047,080

—

9,047,980

Stock warrants issued for purchase of intangible assets

—

—

—

—

1,264,396

—

1,264,396

Common shares issued for services

—

—

4,381

4

51,506

—

51,510

Common shares issued for loan

—

—

19,048

19

130,459

130,478

Stock option expense, net of forfeitures

—

—

—

—

3,168,430

—

3,168,430

Stock warrant expense

—

—

—

—

218,909

—

218,909

Preferred stock dividend

—

—

—

—

(112,500
)

(112,500
)

Net loss

—

—

—

—

—

(11,132,772
)

(11,132,772
)

Balances, October 31, 2023

900,000

$
900

2,793,386

$
2,793

$
44,317,266

$
(30,763,948
)
 
$
13,557,011

Rounding shares issued for reverse split  

—

—

52,949

53

(53
)

—

—

Common shares issued for services

—

—

16,667

17

61,983

—

62,000

Issuance of common shares, warrants, and pre-funded warrants, net of issuance costs

—

—

1,746,500

1,