Company: KAVL
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001731122-25-000399
Chunk: 3

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Item 1
Chunk 3
---
62,000

Preferred stock dividend

—

—

—

—

(67,500
)

—

(67,500
)

Stock option expense

—

—

—

—

309,958

—

309,958

Net loss

—

—

—

—

—

(2,113,686
)

(2,113,686
)

Balances, January 31, 2024

900,000

$
900

2,863,002

$
2,863

$
44,621,654

$
(32,877,634
)
 
$
11,747,783

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 Three Months Ended
 
For the Three Months Ended

January 31, 2025
 
January 31, 2024

CASH FLOWS FROM OPERATING ACTIVITIES

Net loss
 
$
(4,061,080
)
 
$
(2,113,686
)

Adjustments to reconcile net loss to net cash used in operating activities:

Stock based compensation

2,873,750

62,000

Depreciation and amortization

196,776

196,773

Make-whole provision   

39,283

 —

Amortization of debt discount

—

111,239

Loss on extinguishment of debt

—

98,432

Stock options expense

31,302

309,958

ROU operating lease expense

50,928

48,834

Write-off of inventory

—

319

Changes in current assets and liabilities:

Accounts receivable

56,714

1,125,315

Prepaid expenses

154,429

61,641

Inventory

—

2,013,435

Inventory deposit – related party

—

(273,060
)

Accounts payable

(51,861
)

(69,737
)

Accounts payable - related party

(50,254
)

(1,061,126
)

Accrued expenses

(96,625
)

(108,252
)

Customer deposits

—

50,000

Customer refunds due

—

(162,858
)

Operating lease obligations

(49,101
)

(44,340
)

Net cash (used in) provided by operating activities

(905,739
)

244,887

CASH FLOWS FROM