Company: KAVL
Filing Date: 2025-09-16
Form Type: 10-Q
Source: 0001731122-25-001266
Chunk: 1

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-09-16
Form: 10-Q
Item: Item 1
Chunk 1
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,000,000 shares authorized, none issued and outstanding as of July 31, 2025 and
    October 31, 2024) 
     —  
     — 

     Series
    B Convertible Preferred stock ($0.001 par value, 900,000 shares authorized, 900,000 issued and outstanding as of July 31, 2025 and
    October 31, 2024) 
     900  
     900 

     Common
    stock ($.001 par value, 1,000,000,000 shares authorized, 11,542,302 and 8,517,302 shares issued and outstanding as of July 31, 2025
    and October 31, 2024, respectively) 
     11,542  
     8,517 

    Additional
    paid-in capital 
     54,153,902  
     51,269,485 

    Accumulated
    deficit 
     (44,081,318) 
     (37,463,230)
  
    TOTAL
    STOCKHOLDERS’ EQUITY 
     10,085,026  
     13,815,672 
  
    TOTAL
    LIABILITIES & STOCKHOLDERS’ EQUITY 
    $11,503,114  
    $16,004,276 

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

F-1

Kaival Brands Innovations Group, Inc. 

Consolidated Statements of Operations

(Unaudited)

    For the
    Three Months Ended July 31, 
    For the
    Nine Months Ended July 31,

    2025 
    2024 
    2025 
    2024
  
    Revenues 

    Revenues, net 
    $—  
    $274,615  
    $46,755  
    $5,257,333 
  
    Revenues - related party 
     —  
     2,250  
     —  
     5,950 
  
    Royalty revenue 
     142,425  
     440,734  
     345,318  
     931,059 
  
    Excise tax on products 
     —  
     (3,785)