Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 5

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 5
---
812) 
    $9,864,017 

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

F-4

Kaival Brands Innovations Group, Inc. 

Consolidated Statements of Cash Flows

 (Unaudited)

    For the Six Months Ended 
    For the Six Months Ended

    April 30, 2025 
    April 30, 2024
  
    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net loss 
    $(6,058,733) 
    $(3,640,864)

    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Stock based compensation 
     2,873,750  
     62,000 
  
    Depreciation and amortization 
     393,552  
     393,547 
  
    Make-whole provision 
     39,283  
     — 
  
    Amortization of debt discount 
     —  
     144,925 
  
    Loss on extinguishment of debt 
     —  
     98,432 
  
    Loss on ROU Asset 
      707,626  
     — 
  
    Loss on disposal of furniture and equipment 
      1,798  
     — 
  
    Stock options expense 
     33,747  
     20,870 
  
    Bad debt expense 
     —  
     1,925 
  
    Reserve for credit losses 
     —  
     133,062 
  
    ROU operating lease expense 
     102,410  
     98,168 
  
    Write-off of inventory 
     —  
     4,844 

    Changes in current assets and liabilities: 

    Accounts receivable 
     193,571  
     1,083,170 
  
    Prepaid expenses 
     278,820  
     168,379 
  
    Inventory 
     —  
     3,468,819 
  
    Accounts payable 
     48,164  
     196,139 
  
    Accounts payable - related party 
     (96,683) 
     (1,121,126)
  
    Accrued expenses 
     97,469  
     (246,769)