$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

$ivdn Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000173112222001574 Filed on September 14, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$135.0K	$37.72K	$62.40K
YoY Change	22.24%	45.64%	55.92%
Cost Of Revenue	$56.22K	$21.31K	$32.35K
YoY Change	10.87%	136.51%	73.55%
Gross Profit	$78.82K	$16.41K	$30.05K
YoY Change	31.88%	-2.84%	40.55%
Gross Profit Margin	58.37%	43.5%	48.16%
Selling, General & Admin	$115.8K	$280.0K	$150.6K
YoY Change	73.16%	118.82%	85.47%
% of Gross Profit	146.86%	1706.03%	501.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$370.00	$380.00	$370.00
YoY Change	-95.56%	-95.43%	-95.56%
% of Gross Profit	0.47%	2.32%	1.23%
Operating Expenses	$172.0K	$280.0K	$150.6K
YoY Change	157.26%	118.82%	85.46%
Operating Profit	-$36.93K	-$263.6K	-$120.6K
YoY Change	421.65%	137.33%	101.5%
Interest Expense	$10.71K	-$12.26K	-$11.48K
YoY Change	-179.81%	-1.37%	131.45%
% of Operating Profit
Other Income/Expense, Net	$249.3K	$0.00	$0.00
YoY Change	640.83%		-100.0%
Pretax Income	$212.4K	-$275.8K	-$132.0K
YoY Change	1514.9%	123.35%	267.08%
Income Tax
% Of Pretax Income
Net Earnings	$212.4K	-$275.8K	-$132.0K
YoY Change	1514.88%	123.35%	267.08%
Net Earnings / Revenue	157.25%	-731.23%	-211.6%
Basic Earnings Per Share	$0.01	-$0.01	$0.00
Diluted Earnings Per Share	$0.01	-$8.149K	-$3.940K
COMMON SHARES
Basic Shares Outstanding	33.85M shares	33.85M shares	33.51M shares
Diluted Shares Outstanding	34.90M shares	34.90M shares	34.88M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$159.5K	$219.8K	$289.9K
YoY Change	-51.21%	-0.51%	38.53%
Cash & Equivalents	$159.5K	$219.8K	$289.9K
Short-Term Investments
Other Short-Term Assets	$10.45K	$20.76K	$30.93K
YoY Change	-74.13%	-47.9%	-21.32%
Inventory	$531.5K	$562.3K	$548.3K
Prepaid Expenses
Receivables	$9.613K	$7.980K	$9.480K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$971.1K	$810.8K	$878.6K
YoY Change	5.39%	-3.43%	4.69%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.332K	$6.710K	$7.080K
YoY Change	-87.5%	-90.32%	-91.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$657.2K	$639.8K	$639.8K
YoY Change	-1.49%	-4.1%	-4.1%
Total Long-Term Assets	$663.5K	$646.5K	$646.9K
YoY Change	-7.56%	-12.21%	-14.31%
TOTAL ASSETS
Total Short-Term Assets	$971.1K	$810.8K	$878.6K
Total Long-Term Assets	$663.5K	$646.5K	$646.9K
Total Assets	$1.635M	$1.457M	$1.526M
YoY Change	-0.28%	-7.53%	-4.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$294.3K	$252.4K	$238.3K
YoY Change	45.51%	20.08%	1.73%
Accrued Expenses	$5.223K	$74.76K	$80.21K
YoY Change	-91.19%	4.68%	21.96%
Deferred Revenue
YoY Change
Short-Term Debt	$119.6K	$175.6K	$178.6K
YoY Change	-66.03%	-41.88%	-40.89%
Long-Term Debt Due	$18.63K	$18.63K	$18.63K
YoY Change	0.0%	0.0%	0.0%
Total Short-Term Liabilities	$488.7K	$521.5K	$515.8K
YoY Change	-22.96%	-13.45%	-16.92%
LONG-TERM LIABILITIES
Long-Term Debt	$66.67K	$140.2K	$138.4K
YoY Change	-7.05%	33.06%	31.34%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$137.8K	$140.2K	$138.4K
YoY Change	67.69%	11.16%	1.53%
TOTAL LIABILITIES
Total Short-Term Liabilities	$488.7K	$521.5K	$515.8K
Total Long-Term Liabilities	$137.8K	$140.2K	$138.4K
Total Liabilities	$626.5K	$661.7K	$654.2K
YoY Change	-12.56%	-9.19%	-13.6%
SHAREHOLDERS EQUITY
Retained Earnings	-$10.31M
YoY Change
Common Stock	$11.31M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.008M	$795.7K	$871.3K
YoY Change
Total Liabilities & Shareholders Equity	$1.635M	$1.457M	$1.526M
YoY Change	-0.28%	-7.53%	-4.31%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$212.4K	-$275.8K	-$132.0K
YoY Change	1514.88%	123.35%	267.08%
Depreciation, Depletion And Amortization	$370.00	$380.00	$370.00
YoY Change	-95.56%	-95.43%	-95.56%
Cash From Operating Activities	$15.85K	-$73.98K	-$174.9K
YoY Change	9.69%	88.39%	373.88%
INVESTING ACTIVITIES
Capital Expenditures			$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$7.370K	$0.00	$0.00
YoY Change
Cash From Investing Activities	-$7.370K	$0.00	$0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$25.20K	$61.00K
YoY Change		-64.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-68.73K	3.820K	-15.67K
YoY Change	-175.04%	-92.49%	-107.91%
NET CHANGE
Cash From Operating Activities	15.85K	-73.98K	-174.9K
Cash From Investing Activities	-7.370K	0.000	0.000
Cash From Financing Activities	-68.73K	3.820K	-15.67K
Net Change In Cash	-60.25K	-70.16K	-190.5K
YoY Change	-156.82%	-704.31%
FREE CASH FLOW
Cash From Operating Activities	$15.85K	-$73.98K	-$174.9K
Capital Expenditures			$0.00
Free Cash Flow			-$174.9K
YoY Change			373.88%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Entity Central Index Key EntityCentralIndexKey	0001190370
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
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	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-07-31
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15223
	dei	City Area Code CityAreaCode	412
	dei	Entity Address City Or Town EntityAddressCityOrTown	Pittsburgh
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	dei	Entity File Number EntityFileNumber	000-51791
	dei	Entity Registrant Name EntityRegistrantName	INNOVATIVE DESIGNS, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	03-0465528
	dei	Entity Address Address Line1 EntityAddressAddressLine1	124 Cherry Street
	dei	Local Phone Number LocalPhoneNumber	799-0350
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-25821	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	-40000	usd
	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	0	usd
	us-gaap	Increase Decrease Due From Affiliates IncreaseDecreaseDueFromAffiliates	260000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	45826	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-66534	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-2640	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-11420	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-232994	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-61724	usd
	ivdn	Increase In Deposit On Equipment IncreaseInDepositOnEquipment	7370	usd
	ivdn	Increase In Deposit On Equipment IncreaseInDepositOnEquipment	-0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7370	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	0	usd
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	86200	usd
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	155000	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	usd
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	250000	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	135667	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-232994	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10305589	usd
	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	-0	usd
	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	30510	usd
	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	28881	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1818	usd
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	2418	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	1820	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-80577	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	340647	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-320941	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	278923	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	480451	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48009	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	159510	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	326932	usd
	us-gaap	Interest Paid Net InterestPaidNet	37090	usd
	us-gaap	Interest Paid Net InterestPaidNet	39100	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
	us-gaap	Basis Of Accounting BasisOfAccounting	<p id="xdx_80E_eus-gaap--BasisOfAccounting_zFgJx3Eeegy4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 60px"><span style="font-size: 10pt">NOTE 1.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_82F_zTQ39tZSYqA6">BASIS OF PRESENTATION</span></span></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-align: justify">In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly Innovative Designs, Inc.’s financial position as of July 31, 2022, the changes therein for the three and nine month periods then ended and the results of operations for the three and nine month periods ended July 31, 2022 and 2021.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 45pt; text-align: justify">The financial statements included in the Form 10-Q are presented in accordance with the requirements of the Form and do not include all of the disclosures required by accounting principles generally accepted in the United States of America. For additional information, reference is made to the Innovative Designs, Inc.’s annual report on Form 10-K for the fiscal year ended October 31, 2021. The results of operations for the three and nine month periods ended July 31, 2022 and 2021 are not necessarily indicative of operating results for the full year.</p>
	us-gaap	Net Income Loss NetIncomeLoss	-195500	usd
CY2022Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5860	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5860	usd
CY2022Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	75468	usd
CY2021Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	75468	usd
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	994000	usd
	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	860000	usd
	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	21199	usd
	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	6400	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	86200	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	130000	usd
CY2015Q3	us-gaap	Deposit Contracts Description Of Asset Contracts DepositContractsDescriptionOfAssetContracts	The purchase price is $700,000 which was to be paid in four installments. The first installment of $300,000 was to be paid at the execution of the agreement. The second installment of $200,000 was to be paid when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be paid once the machinery and equipment is producing INSULTEX, and the fourth and final installment of $100,000 is to be made after the first commercial production run of INSULTEX is completed.
CY2020Q2	ivdn	Deposits On Equipment DepositsOnEquipment	500000	usd
CY2020Q2	ivdn	Advanced Payment On Machine AdvancedPaymentOnMachine	100000	usd
	ivdn	Shipping Site Improvements And Installation Equipment Expenses ShippingSiteImprovementsAndInstallationEquipmentExpenses	17000	usd
	us-gaap	Impairment Charge On Reclassified Assets ImpairmentChargeOnReclassifiedAssets	17000	usd
CY2022Q2	us-gaap	Deposit Assets DepositAssets	7320	usd
CY2022Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0550	pure
CY2020Q2	ivdn	Total Present Value Of Rights Of Use Assets Under Lease Agreements TotalPresentValueOfRightsOfUseAssetsUnderLeaseAgreements	150496	usd
CY2022Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	10452	usd
CY2022Q3	ivdn	Total Present Value Of Right Of Use Assets Under Lease Agreements TotalPresentValueOfRightOfUseAssetsUnderLeaseAgreements	150496	usd
	ivdn	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	-140044	usd
CY2022Q3	ivdn	Total Right Of Use Assets TotalRightOfUseAssets	10452	usd
CY2022Q3	ivdn	Less Current Portion Due Within One Year LessCurrentPortionDueWithinOneYear	10452	usd
CY2022Q3	ivdn	Operating Lease Right Of Use Asset Noncurrent OperatingLeaseRightOfUseAssetNoncurrent	0	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	30510	usd
	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	28881	usd
CY2022Q3	ivdn	Right Of Use Assets In Two Years RightOfUseAssetsInTwoYears	10452	usd
CY2022Q3	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	150496	usd
CY2022Q3	ivdn	Principal Payments Made As Of Period PrincipalPaymentsMadeAsOfPeriod	-140044	usd
CY2022Q3	ivdn	Total Right Of Use Lease Liability TotalRightOfUseLeaseLiability	10452	usd
CY2022Q3	ivdn	Less Current Portion Due Within One Year LessCurrentPortionDueWithinOneYear	10452	usd
CY2022Q3	ivdn	Longterm Operating Lease Liability LongtermOperatingLeaseLiability	0	usd
CY2022Q3	ivdn	Operating Leases Future Minimum Payment Due OperatingLeasesFutureMinimumPaymentDue	10500	usd
CY2022Q3	ivdn	Present Value Discount PresentValueDiscount	48	usd
	us-gaap	Depreciation Depreciation	1118	usd
	us-gaap	Depreciation Depreciation	24981	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	235164	usd
	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	176388	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1627216	usd
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	1639169	usd
CY2022Q2	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	260000	usd

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0001731122-22-001574.txt	Edgar Link	pending
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e4049_10-q.htm	Edgar Link	pending
e4049_ex31-1.htm	Edgar Link	pending
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ivdn-20220731.xsd	Edgar Link	pending
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$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

2022 Q3 Form 10-Q Financial Statement

#000173112222001574 Filed on September 14, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$IVDN INNOVATIVE DESIGNS INC Stock $ivdn

2022 Q3 Form 10-Q Financial Statement

#000173112222001574 Filed on September 14, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn