Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 655

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 5
Chunk 655
---
406
)

392,406

Operating lease obligations

(184,567
)

(166,052
)

Net cash used in operating activities

(672,632
)

(2,973,254
)

CASH FLOWS FROM INVESTING ACTIVITIES

Cash paid for equipment

—

(3,480
)

Transaction acquisition costs

—

(312,289
)

Net cash used in investing activities

—

(315,769
)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from loans payable

1,106,731

1,272,980

Payments on loans payable

(2,486,594
)

(1,136,191
)

Payments on loans payable - related party

(218,787
)

Proceeds from the issuance of common stock, warrants, and pre-funded warrants

5,997,720

—

Payments for issuance costs

(744,993
)

—

Proceeds from exercises of pre-funded warrants

1,450

—

Proceeds from exercises of warrants

385,746

—

Net cash provided by financing activities

4,041,273

136,789

Net change in cash

3,368,641

(3,152,234
)

Beginning cash balance

533,659

3,685,893

Ending cash balance
 
$
3,902,300

$
533,659

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

Interest paid
 
$
562,402

$
3,363

Income taxes paid
 
$
—

$
—

NON-CASH TRANSACTIONS

Preferred stock dividend
 
$
270,000

$
112,500

Cashless exercise of pre-funded warrants
 
$
724

$
—

Insurance financed by third party
 
$
475,481

$
330,000

Franchise fees paid by related party
 
$
218,787

$
—

Common shares issued to settle related party accounts payable
 
$
1,417,786

Common shares issued for acquisition of intangible assets
 
$
—

$
1,119,800

Common shares issued for services-transaction cost
 
$
—

$
51,510

Series B preferred stock shares issued for acquisition of intangible assets
 
$
—

$
9,047,980

Stock warrants issued for acquisition of intangible assets
 
$
—

$
1,264,396

Common stock issued for note payable financing
 
$
—

$
130,478

The accompanying notes are