For the year ending 2025-10-31, IVDN has $2,212,017 in assets. $152,438 in debts.
| Balance Sheets | 2025-10-31 | |||
|---|---|---|---|---|
| Cash | 605,052 | |||
| Accounts receivable, net | 344,700 | |||
| Prepaid expenses | 10,578 | |||
| Inventory, net | 537,713 | |||
| Total current assets | 1,498,043 | |||
| Property and equipment | 30,530 | |||
| Advance to employees | 20,500 | |||
| Deposits on equipment | 662,944 | |||
| Total assets | 2,212,017 | |||
| Accounts payable | 78,750 | |||
| Current portion of notes payable | 36,724 | |||
| Accrued interest | 2,100 | |||
| Accrued expenses | 11,964 | |||
| Total current liabilities | 129,538 | |||
| Reserve for unpaid debt | 12,900 | |||
| Long-term portion of shareholders loans | 10,000 | |||
| Total liabilities | 152,438 | |||
| Common stock, par value 0.0001 100,800,000 shares authorized, 38,504,003 and 37,924,003 shares issued and outstanding as of october 31, 2025 and 2024, respectively | 3,850 | |||
| Additional paid-in-capital | 12,101,059 | |||
| Accumulated deficit | -10,045,330 | |||
| Total stockholders equity | 2,059,579 | |||
| Total liabilities & stockholders equity | 2,212,017 | |||
INNOVATIVE DESIGNS INC (IVDN)
INNOVATIVE DESIGNS INC (IVDN)