Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 740

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7
Chunk 740
---
—

—

—

1,264,396

—

1,264,396

Common shares issued for services

—

—

4,381

4

51,506

—

51,510

Common shares issued for loan

—

—

19,048

19

130,459

130,478

Stock option expense, net of forfeitures

—

—

—

—

3,168,430

—

3,168,430

Stock warrant expense

—

—

—

—

218,909

—

218,909

Preferred stock dividend

—

—

—

—

(112,500
)

(112,500
)

Net loss

—

—

—

—

—

(11,132,772
)

(11,132,772
)

Balances, October 31, 2023

900,000

$
900

2,793,386

$
2,793

$
44,317,266

$
(30,763,948
)
 
$
13,557,011

Rounding shares issued for reverse split  

—

—

52,949

53

(53
)

—

—

Common shares issued for services

—

—

16,667

17

61,983

—

62,000

Issuance of common shares, warrants, and pre-funded warrants, net of issuance costs

—

—

1,746,500

1,747

5,250,980

—

5,252,727

Exercises of pre-funded warrants

—

—

2,174,456

2,174

(724
)

—

1,450

Exercises of warrants

—

—

333,200

333

385,413

—

385,746

Common shares issued to settle related party accounts payable

—

—

1,400,144

1,400

1,416,386

—

1,417,786

Preferred stock dividend

—

—

—

—

(270,000
)

—

(270,000
)

Stock option expense, net of forfeitures

—

—

—

—

108,234

—

108,234

Net loss

—

—

—

—

—

(6,699,282
)

(6,699,282
)

Balances, October 31, 2024

900,000

$
900

8,517,302

$
8,517

$
51,269,485

$
(37,463,230
)
 
$
13,815,672

The accompanying notes are an integral part of these
consolidated financial