Company: KAVL
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001731122-25-000399
Chunk: 27

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Item 1
Chunk 27
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Exercised

—

—

—

—

Cancelled, forfeited, or expired

(30,556
)

(1,954,939
)
 
$
21.63-602.28

63.98

Outstanding, January 31, 2025

159,034

4,892,797

$
3.64-545.58

30.77

Exercisable, January 31, 2025

147,724

$
4,717,222

$
3.64-545.58

$
31.93

During the three months ended January 31, 2025, and
2024, the Company recognized $31,302
and $309,958,
respectively of stock option expense related to outstanding stock options. No options were granted during the three months ended January
31, 2025.

As of January 31, 2025, the Company had $23,633
of unrecognized expenses related to options, which is expected to be recognized over a weighted-average period of approximately 2.4
years. The weighted average remaining contractual life is approximately 3.93
years for stock options outstanding as of  January 31, 2025. The aggregate intrinsic value of these outstanding options as of
January 31, 2025, was $0.

Warrants

Warrant information as of the periods indicated is
as follows:

Schedule of warrant information

Weighted

Aggregate
 
Aggregate
 
Exercise Price
 
Average

Number
 
Exercise 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, January 31, 2025

5,754,686

$
19,826,116

$ 
1.16-126.00

$
3.45

Exercisable, January 31, 2025

5,754,686

$
19,826,116

$ 
1.16-126.00

$
3.45

The weighted average remaining contractual life is
approximately 4.31 years for common stock warrants outstanding as of January 31, 2025. As of January 31, 2025, the intrinsic value of
outstanding