$IVDN
INNOVATIVE DESIGNS INC

2014 Q2 Form 10-Q Financial Statement

#000114420414037918 Filed on June 16, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $66.67K $55.01K
YoY Change 21.2% 20.98%
Cost Of Revenue $29.20K $15.18K
YoY Change 92.33%
Gross Profit $37.47K $39.83K
YoY Change -5.93%
Gross Profit Margin 56.2% 72.4%
Selling, General & Admin $204.7K $137.0K
YoY Change 49.39%
% of Gross Profit 546.43% 344.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Operating Expenses $233.9K $152.2K
YoY Change 53.67%
Operating Profit -$167.3K -$97.22K
YoY Change 72.05% -42.64%
Interest Expense $35.40K $19.94K
YoY Change 77.52%
% of Operating Profit
Other Income/Expense, Net -$35.40K
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$202.7K -$117.2K
YoY Change 72.98% -36.3%
Net Earnings / Revenue -303.98% -212.98%
Basic Earnings Per Share -$0.01 -$0.01
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 19.78M shares 18.96M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.00K $30.00K
YoY Change 133.33% -40.0%
Cash & Equivalents $71.64K $30.23K
Short-Term Investments
Other Short-Term Assets $70.00K $70.00K
YoY Change 0.0% 600.0%
Inventory $570.0K $570.0K
Prepaid Expenses
Receivables $98.56K $20.00K
Other Receivables $0.00 $0.00
Total Short-Term Assets $803.3K $690.0K
YoY Change 16.42% -5.48%
LONG-TERM ASSETS
Property, Plant & Equipment $21.22K $20.00K
YoY Change 6.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $21.22K $20.00K
YoY Change 6.1%
TOTAL ASSETS
Total Short-Term Assets $803.3K $690.0K
Total Long-Term Assets $21.22K $20.00K
Total Assets $824.5K $710.0K
YoY Change 16.13% -2.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $72.01K $90.00K
YoY Change -19.99% 125.0%
Accrued Expenses $360.0K $230.0K
YoY Change 56.52% 91.67%
Deferred Revenue
YoY Change
Short-Term Debt $330.0K $160.0K
YoY Change 106.25% 14.29%
Long-Term Debt Due $90.00K $120.0K
YoY Change -25.0% 300.0%
Total Short-Term Liabilities $859.8K $790.0K
YoY Change 8.84% 139.39%
LONG-TERM LIABILITIES
Long-Term Debt $340.0K $340.0K
YoY Change 0.0% -2.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $340.0K $340.0K
YoY Change 0.0% -2.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $859.8K $790.0K
Total Long-Term Liabilities $340.0K $340.0K
Total Liabilities $1.203M $1.130M
YoY Change 6.49% 63.77%
SHAREHOLDERS EQUITY
Retained Earnings -$6.303M
YoY Change
Common Stock $5.924M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$378.8K -$420.0K
YoY Change
Total Liabilities & Shareholders Equity $824.5K $710.0K
YoY Change 16.13% -2.74%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income -$202.7K -$117.2K
YoY Change 72.98% -36.3%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$90.00K -$30.00K
YoY Change 200.0% -62.5%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.00K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -90.00K -30.00K
Cash From Investing Activities 0.000
Cash From Financing Activities 60.00K 0.000
Net Change In Cash -30.00K -30.00K
YoY Change 0.0% -66.67%
FREE CASH FLOW
Cash From Operating Activities -$90.00K -$30.00K
Capital Expenditures $0.00
Free Cash Flow -$90.00K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Shipping Handling And Transportation Costs
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us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Stock Issued During Period Value Issued For Services
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us-gaap Depreciation
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Interest Payable Net
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-04-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Trading Symbol
TradingSymbol
IVDN
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
19952243 shares
dei Entity Registrant Name
EntityRegistrantName
INNOVATIVE DESIGNS INC
dei Entity Central Index Key
EntityCentralIndexKey
0001190370
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
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ivdn Deferred Loan Costs
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CY2014Q2 us-gaap Debt Instrument Carrying Amount
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Files In Submission

Name View Source Status
0001144204-14-037918-index-headers.html Edgar Link pending
0001144204-14-037918-index.html Edgar Link pending
0001144204-14-037918.txt Edgar Link pending
0001144204-14-037918-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ivdn-20140430.xml Edgar Link completed
ivdn-20140430.xsd Edgar Link pending
ivdn-20140430_cal.xml Edgar Link unprocessable
ivdn-20140430_def.xml Edgar Link unprocessable
ivdn-20140430_lab.xml Edgar Link unprocessable
ivdn-20140430_pre.xml Edgar Link unprocessable
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v380995_10q.htm Edgar Link pending
v380995_ex31-1.htm Edgar Link pending
v380995_ex32-1.htm Edgar Link pending