$IVDN
INNOVATIVE DESIGNS INC

2015 Q1 Form 10-Q Financial Statement

#000114420415016235 Filed on March 16, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2014 Q1
Revenue $286.4K $135.7K $373.8K
YoY Change -23.37% 10.23% 26.68%
Cost Of Revenue $170.0K
YoY Change 33.16%
Gross Profit $203.8K
YoY Change 21.73%
Gross Profit Margin 54.53%
Selling, General & Admin $140.8K
YoY Change -6.15%
% of Gross Profit 69.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.446K $0.00 $1.115K
YoY Change 119.37% 132.78%
% of Gross Profit 0.55%
Operating Expenses $284.6K $310.8K
YoY Change -8.41% 11.92%
Operating Profit -$106.9K $62.96K
YoY Change 149.87% 262.88%
Interest Expense $28.27K
YoY Change 16.23%
% of Operating Profit 44.9%
Other Income/Expense, Net -$28.27K
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$142.9K $34.69K
YoY Change 93.19% -597.62%
Net Earnings / Revenue -105.25% 9.28%
Basic Earnings Per Share -$0.01 $0.00
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 23.17M shares 21.91M shares 19.44M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q4 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.150M $990.0K $100.0K
YoY Change 1050.0% 1314.29% 66.67%
Cash & Equivalents $988.7K $96.12K
Short-Term Investments
Other Short-Term Assets $90.00K $0.00 $40.00K
YoY Change 125.0% -100.0% 100.0%
Inventory $920.0K $890.0K $580.0K
Prepaid Expenses
Receivables $90.00K $64.30K $158.8K
Other Receivables $0.00 $30.00K $0.00
Total Short-Term Assets $2.224M $1.975M $880.0K
YoY Change 152.77% 129.65% 17.33%
LONG-TERM ASSETS
Property, Plant & Equipment $53.74K $56.19K $20.00K
YoY Change 168.72% 206.27% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $420.0K $0.00
YoY Change
Total Long-Term Assets $54.44K $57.20K $16.63K
YoY Change 227.46% 211.78% -16.88%
TOTAL ASSETS
Total Short-Term Assets $2.224M $1.975M $880.0K
Total Long-Term Assets $54.44K $57.20K $16.63K
Total Assets $2.279M $2.033M $896.6K
YoY Change 154.15% 131.37% 16.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $36.83K $87.93K $80.00K
YoY Change -53.96% 5.71% 0.0%
Accrued Expenses $170.0K $270.0K $300.0K
YoY Change -43.33% 12.5% 50.0%
Deferred Revenue
YoY Change
Short-Term Debt $350.0K $330.0K $350.0K
YoY Change 0.0% -21.43% 75.0%
Long-Term Debt Due $10.00K $60.00K $60.00K
YoY Change -83.33% -62.5% -25.0%
Total Short-Term Liabilities $812.3K $750.0K $800.0K
YoY Change 1.53% -16.51% 8.11%
LONG-TERM LIABILITIES
Long-Term Debt $240.0K $330.0K $330.0K
YoY Change -27.27% -2.94% -2.94%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $240.0K $330.0K $330.0K
YoY Change -27.27% -2.94% -2.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $812.3K $750.0K $800.0K
Total Long-Term Liabilities $240.0K $330.0K $330.0K
Total Liabilities $1.135M $1.080M $1.130M
YoY Change 0.41% -12.45% 4.63%
SHAREHOLDERS EQUITY
Retained Earnings -$6.584M
YoY Change
Common Stock $7.728M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.144M $960.0K -$240.0K
YoY Change
Total Liabilities & Shareholders Equity $2.279M $2.030M $900.0K
YoY Change 153.2% 131.07% 16.88%

Cashflow Statement

Concept 2015 Q1 2014 Q4 2014 Q1
OPERATING ACTIVITIES
Net Income -$142.9K $34.69K
YoY Change 93.19% -597.62%
Depreciation, Depletion And Amortization $2.446K $0.00 $1.115K
YoY Change 119.37% 132.78%
Cash From Operating Activities -$40.00K -$410.0K $110.0K
YoY Change -136.36% 355.56% 22.22%
INVESTING ACTIVITIES
Capital Expenditures -$40.00K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$40.00K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $203.8K $10.00K
YoY Change 1937.5%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 150.0K 840.0K -80.00K
YoY Change -287.5% 950.0% -11.11%
NET CHANGE
Cash From Operating Activities -40.00K -410.0K 110.0K
Cash From Investing Activities -40.00K 0.000
Cash From Financing Activities 150.0K 840.0K -80.00K
Net Change In Cash 110.0K 390.0K 30.00K
YoY Change 266.67% -4000.0%
FREE CASH FLOW
Cash From Operating Activities -$40.00K -$410.0K $110.0K
Capital Expenditures -$40.00K $0.00
Free Cash Flow -$370.0K $110.0K
YoY Change 311.11%

Facts In Submission

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CY2015Q1 dei Trading Symbol
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IVDN
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CY2015Q1 dei Document Fiscal Year Focus
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CY2015Q1 dei Document Fiscal Period Focus
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Q1
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
INNOVATIVE DESIGNS INC
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001190370
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--10-31
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company

Files In Submission

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0001144204-15-016235-index-headers.html Edgar Link pending
0001144204-15-016235-index.html Edgar Link pending
0001144204-15-016235.txt Edgar Link pending
0001144204-15-016235-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
ivdn-20150131.xml Edgar Link completed
ivdn-20150131.xsd Edgar Link pending
ivdn-20150131_cal.xml Edgar Link unprocessable
ivdn-20150131_def.xml Edgar Link unprocessable
ivdn-20150131_lab.xml Edgar Link unprocessable
ivdn-20150131_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
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v404553_10q.htm Edgar Link pending
v404553_ex31-1.htm Edgar Link pending
v404553_ex32-1.htm Edgar Link pending