Company: KAVL
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001731122-25-000842
Chunk: 2

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-06-10
Form: 10-Q
Item: Item 1
Chunk 2
---

1,331,183

1,503,968

5,609,716

4,011,836

Loss on ROU asset 

 707,626

 —

 707,626

 —

Total operating expenses

2,083,809

1,755,368

6,317,342

4,668,128

Other expense

Loss on extinguishment of Debt

—

—

—

(98,432
)

Loss on disposal of furniture and equipment

(1,798 
)

—

(1,798
)

—

Interest expense, net

(4,091
)

(271,466
)

(8,183
)

(571,383
)

Total other expense

(5,889
)

(271,466
)

(9,981
)

(669,815
)

Loss before income taxes provision

(1,997,653
)

(1,527,178
)

(6,077,675
)

(3,640,149
)

Benefit from (provision for) income taxes

—

—

18,942

(715
)

Net loss
 
$
(1,997,653
)
 
$
(1,527,178
)
 
$
(6,058,733
)
 
$
(3,640,864
)

Preferred stock dividend

—

(67,500
)

(22,500
)

(135,000
)

Net loss attributable to common shareholder
 
$
(1,997,653
)
 
$
(1,594,678
)
 
$
(6,081,233
)
 
$
(3,775,864
)

Net loss per common share - basic and diluted
 
$
(0.17
)
 
$
(0.56
)
 
$
(0.58
)
 
$
(1.32
)

Weighted average number of common shares outstanding - basic and diluted

11,542,302

2,863,002

10,506,114

2,858,881

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 Six Months Ended April 30, 2025

(Unaudited)

Convertible Preferred Shares
(Series B)
 
Par Value Convertible Preferred Shares
(Series B)
 
Common
Shares
 
Par Value