Company: KAVL
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001731122-25-000399
Chunk: 2

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Item 1
Chunk 2
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2,854,850

The accompanying notes are an integral part of these
unaudited consolidated financial statements.

F-2 

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Changes in Stockholders’
Equity

For the Three Months Ended January 31, 2025

(Unaudited)

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, 2024

900,000

$
900

8,517,302

$
8,517

$
51,269,485

$
(37,463,230
)
 
$
13,815,672

Common shares issued for services

—

—

3,025,000

3,025

2,870,725

—

2,873,750

Preferred stock dividend

—

—

—

—

(22,500
)

—

(22,500
)

Stock option expense

—

—

—

—

31,302

—

31,302

Net loss

—

—

—

—

—

(4,061,080
)

(4,061,080
)

Balances, January 31, 2025

900,000

$
900

11,542,302

$
11,542

$
54,149,012

$
(41,524,310
)

12,637,144

The accompanying notes are an integral part of these
unaudited consolidated financial statements.

F-3 

Kaival Brands Innovations Group, Inc.

Consolidated Statements of Changes in Stockholders’
Equity

For the Three Months Ended January 31, 2024

(Unaudited)

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, 2023

900,000

$
900

2,793,386

$
2,793

$
44,317,266

$
(30,763,948
)
 
$
13,557,011

Rounding from reverse split

—

—

52,949

53

(53
)

—

—

Common shares issued for services

—

—

16,667

17

61,983

—