Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 0

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 0
---
Kaival Brands Innovations Group, Inc.

 Consolidated Balance Sheets

 (Unaudited)

    April 30, 2025 
    October 31, 2024
  
    ASSETS 

    CURRENT ASSETS 

    Cash 
    $1,805,702  
    $3,902,300 
  
    Accounts receivable, net 
     70,000  
     263,571 
  
    Prepaid expenses 
     65,492  
     344,312 
  
    Total current assets 
     1,941,194  
     4,510,183 
  
    Fixed assets, net 
     —  
     2,146 
  
    Intangible assets, net 
     10,288,707  
     10,681,911 
  
    Right of use asset - operating lease 
     —  
     810,036 
  
    TOTAL ASSETS 
    $12,229,901  
    $16,004,276 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    CURRENT LIABILITIES 

    Accounts payable 
    $105,660  
    $57,496 
  
    Accounts payable - related party 
     35,000  
     131,683 
  
    Loans payable, net 
     —  
     207,616 
  
    Accrued expenses 
     679,853  
     925,601 
  
    Operating lease obligation - short term 
     213,954  
     203,937 
  
    Total current liabilities 
     1,034,467  
     1,526,333 

    LONG TERM LIABILITIES 

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

    TOTAL LIABILITIES 
     1,587,965  
     2,188,604 

    STOCKHOLDERS’ EQUITY 

     Preferred stock; 5,000,000 shares authorized 

     Series A Convertible Preferred stock ($0.001 par value, 3,000,000 shares authorized, none issued and outstanding as of April 30, 2025 and October 31, 2024) 
     —  
     — 

     Series B Convertible