Company: KAVL
Filing Date: 2025-09-16
Form Type: 10-Q
Source: 0001731122-25-001266
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-09-16
Form: 10-Q
Item: Item 1
Chunk 3
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 income taxes 
     —  
     —  
     18,942  
     (715)

    Net
    loss 
    $(559,355) 
    $(1,571,861) 
    $(6,618,088) 
    $(5,212,725)
  
    Preferred
    stock dividend 
     —  
     (180,000) 
     (22,500) 
     (315,000)
  
    Net
    loss attributable to common shareholder 
    $(559,355) 
    $(1,751,861) 
    $(6,640,588) 
    $(5,527,725)

    Net
    loss per common share - basic and diluted 
    $(0.05) 
    $(0.39) 
    $(0.61) 
    $(1.62)

    Weighted
    average number of common shares outstanding - basic and diluted 
     11,542,302  
     4,482,527  
     10,855,306  
     3,404,047 

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 Nine Months Ended July 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