$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

$ivdn Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000173112223000202 Filed on February 13, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$71.65K	$23.57K	$258.7K
YoY Change	14.82%	-52.1%	14.69%
Cost Of Revenue	$17.01K	$37.03K	$146.9K
YoY Change	-47.42%	101.47%	51.88%
Gross Profit	$54.64K	-$13.46K	$111.8K
YoY Change	81.82%	-143.66%	-13.23%
Gross Profit Margin	76.26%	-57.11%	43.22%
Selling, General & Admin	$114.7K	$119.9K	$666.2K
YoY Change	-23.88%	-11.65%	61.82%
% of Gross Profit	209.84%		595.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$769.00	$370.00	$1.490K
YoY Change	107.84%	-95.56%	-95.53%
% of Gross Profit	1.41%		1.33%
Operating Expenses	$131.7K	$119.9K	$813.2K
YoY Change	-12.58%	-11.64%	97.51%
Operating Profit	-$60.01K	-$133.4K	-$554.4K
YoY Change	-50.22%	27.16%	96.02%
Interest Expense	$6.599K	-$7.620K	$42.07K
YoY Change	-157.48%	-58.36%	-185.67%
% of Operating Profit
Other Income/Expense, Net	$920.00	$111.0K	$328.9K
YoY Change		-280.55%	32792.8%
Pretax Income	-$59.09K	-$29.99K	-$225.5K
YoY Change	-55.25%	-83.0%	-30.13%
Income Tax
% Of Pretax Income
Net Earnings	-$59.09K	-$29.99K	-$225.5K
YoY Change	-55.25%	-83.0%	-30.13%
Net Earnings / Revenue	-82.48%	-127.24%	-87.15%
Basic Earnings Per Share	$0.00		-$0.01
Diluted Earnings Per Share	$0.00	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	35.26M shares		34.65M shares
Diluted Shares Outstanding	35.91M shares		35.33M shares

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$169.4K	$263.3K	$263.3K
YoY Change	-41.57%	-45.2%	-45.2%
Cash & Equivalents	$169.4K	$263.3K
Short-Term Investments
Other Short-Term Assets		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Inventory	$643.3K	$494.6K	$494.6K
Prepaid Expenses
Receivables	$8.067K	$11.20K	$11.20K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$820.8K	$769.1K	$769.1K
YoY Change	-6.58%	-27.8%	-27.8%
LONG-TERM ASSETS
Property, Plant & Equipment	$25.78K	$5.960K	$5.960K
YoY Change	264.18%	-20.0%	-20.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$620.6K	$702.2K	$702.2K
YoY Change	-3.01%	15.15%	15.15%
Total Long-Term Assets	$646.4K	$708.2K	$708.2K
YoY Change	-0.09%	14.72%	14.72%
TOTAL ASSETS
Total Short-Term Assets	$820.8K	$769.1K	$769.1K
Total Long-Term Assets	$646.4K	$708.2K	$708.2K
Total Assets	$1.467M	$1.477M	$1.477M
YoY Change	-3.83%	-12.2%	-12.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$176.2K	$162.1K	$162.1K
YoY Change	-26.09%	-29.13%	-29.13%
Accrued Expenses	$3.778K	$3.778K	$50.12K
YoY Change	-95.29%	-96.54%	-54.08%
Deferred Revenue
YoY Change
Short-Term Debt	$96.46K	$110.6K	$110.6K
YoY Change	-46.0%	-41.35%	-41.35%
Long-Term Debt Due	$20.31K	$131.2K	$20.13K
YoY Change	9.02%	604.32%	8.05%
Total Short-Term Liabilities	$347.7K	$342.9K	$343.0K
YoY Change	-32.59%	-37.08%	-37.08%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$66.67K	$131.2K
YoY Change	-100.0%	-67.49%	-36.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$59.54K	$131.2K	$131.2K
YoY Change	-56.98%	-36.01%	-36.01%
TOTAL LIABILITIES
Total Short-Term Liabilities	$347.7K	$342.9K	$343.0K
Total Long-Term Liabilities	$59.54K	$131.2K	$131.2K
Total Liabilities	$407.2K	$474.2K	$474.2K
YoY Change	-37.75%	-36.79%	-36.79%
SHAREHOLDERS EQUITY
Retained Earnings	-$10.39M	-$10.34M
YoY Change		2.23%
Common Stock	$11.45M	$11.34M
YoY Change		2.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.060M	$1.003M	$1.003M
YoY Change
Total Liabilities & Shareholders Equity	$1.467M	$1.477M	$1.477M
YoY Change	-3.83%	-12.2%	-12.2%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$59.09K	-$29.99K	-$225.5K
YoY Change	-55.25%	-83.0%	-30.13%
Depreciation, Depletion And Amortization	$769.00	$370.00	$1.490K
YoY Change	107.84%	-95.56%	-95.53%
Cash From Operating Activities	-$105.2K	$133.3K	-$99.69K
YoY Change	-39.86%	-332.72%	-16.23%
INVESTING ACTIVITIES
Capital Expenditures	$20.59K		$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$7.520K	-$5.000K	-$12.37K
YoY Change
Cash From Investing Activities	-$13.07K	-$5.000K	-$12.37K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$86.20K
YoY Change			-74.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$24.33K	-24.52K	-$105.1K
YoY Change	-255.28%	-111.63%	-119.06%
NET CHANGE
Cash From Operating Activities	-$105.2K	133.3K	-$99.69K
Cash From Investing Activities	-$13.07K	-5.000K	-$12.37K
Cash From Financing Activities	$24.33K	-24.52K	-$105.1K
Net Change In Cash	-$93.90K	103.8K	-$217.2K
YoY Change	-50.72%	-32.4%	-150.22%
FREE CASH FLOW
Cash From Operating Activities	-$105.2K	$133.3K	-$99.69K
Capital Expenditures	$20.59K		$0.00
Free Cash Flow	-$125.7K		-$99.69K
YoY Change	-28.09%		-16.23%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001190370
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-10-31
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	000-51791
CY2022	dei	Entity Registrant Name EntityRegistrantName	Innovative Designs, Inc.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	03-0465528
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	124 Cherry Street
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15223
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Pittsburgh
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2022	dei	City Area Code CityAreaCode	(412)
CY2022	dei	Local Phone Number LocalPhoneNumber	799-0350
CY2022	dei	Security12g Title Security12gTitle	Common Stock, $.0001 par value per share
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2022Q2	dei	Entity Public Float EntityPublicFloat	3298951	usd
CY2023Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	35262560	shares
CY2022	dei	Auditor Name AuditorName	RW Group, LLC
CY2022	dei	Auditor Location AuditorLocation	Kennett Square, PA
CY2022	dei	Auditor Firm AuditorFirmId	5020
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	263293	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	480451	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5860	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5860	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11203	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1201	usd
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	75468	usd
CY2021Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	75468	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	494580	usd
CY2021Q4	us-gaap	Inventory Net InventoryNet	542588	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	40962	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	769076	usd
CY2021Q4	us-gaap	Assets Current AssetsCurrent	1065202	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5960	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7450	usd
CY2022Q4	ivdn	Inventory On Consignment Current InventoryOnConsignmentCurrent	1625	usd
CY2021Q4	ivdn	Inventory On Consignment Current InventoryOnConsignmentCurrent	1625	usd
CY2022Q4	ivdn	Advance To Employee Noncurrent AdvanceToEmployeeNoncurrent	13200	usd
CY2021Q4	ivdn	Advance To Employee Noncurrent AdvanceToEmployeeNoncurrent	8200	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	80000	usd
CY2021Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	0	usd
CY2022Q4	us-gaap	Deposits On Flight Equipment DepositsOnFlightEquipment	607370	usd
CY2021Q4	us-gaap	Deposits On Flight Equipment DepositsOnFlightEquipment	600000	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	702195	usd
CY2021Q4	us-gaap	Other Assets OtherAssets	609825	usd
CY2022Q4	us-gaap	Assets Assets	1477231	usd
CY2021Q4	us-gaap	Assets Assets	1682477	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	162063	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	228667	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20128	usd
CY2021Q4	us-gaap	Notes Payable Current NotesPayableCurrent	18628	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	0	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	40962	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	46345	usd
CY2021Q4	us-gaap	Interest Payable Current InterestPayableCurrent	43136	usd
CY2022Q4	us-gaap	Due To Officers Or Stockholders Current DueToOfficersOrStockholdersCurrent	110631	usd
CY2021Q4	us-gaap	Due To Officers Or Stockholders Current DueToOfficersOrStockholdersCurrent	188632	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3778	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	25037	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	342945	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	545062	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	66667	usd
CY2021Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	133332	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	64547	usd
CY2021Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	71722	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	131214	usd
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	205054	usd
CY2022Q4	us-gaap	Liabilities Liabilities	474159	usd
CY2021Q4	us-gaap	Liabilities Liabilities	750116	usd
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100800000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100800000	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	34650560	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	34650560	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	33315560	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	33315560	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	3467	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	3333	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11335184	usd
CY2021Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11039118	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10335579	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10110090	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1003072	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	932361	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1477231	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1682477	usd
CY2022	us-gaap	Revenues Revenues	258734	usd
CY2021	us-gaap	Revenues Revenues	225601	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	146912	usd
CY2021	us-gaap	Cost Of Revenue CostOfRevenue	96728	usd
CY2022	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	666239	usd
CY2021	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	411716	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	813151	usd
CY2021	us-gaap	Operating Expenses OperatingExpenses	508444	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-554417	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	-282843	usd
CY2022	us-gaap	Other Income OtherIncome	371000	usd
CY2021	us-gaap	Other Income OtherIncome	33652	usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	0	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets GainLossOnDispositionOfAssets	-24429	usd
CY2022	us-gaap	Interest Expense InterestExpense	42072	usd
CY2021	us-gaap	Interest Expense InterestExpense	49112	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	328928	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-39889	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-322732	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34650560	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	32263560	shares
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35330560	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	32313560	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	790593	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1818	usd
CY2021	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	131000	usd
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	333500	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-322732	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	932361	usd
CY2022	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	210000	usd
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	86200	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1003072	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-322732	usd
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-0	usd
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-24429	usd
CY2022	ivdn	Write Off Of Accounts Payable WriteOffOfAccountsPayable	111000	usd
CY2021	ivdn	Write Off Of Accounts Payable WriteOffOfAccountsPayable	-0	usd
CY2022	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	210000	usd
CY2021	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	131000	usd
CY2022	us-gaap	Depreciation Depreciation	1490	usd
CY2021	us-gaap	Depreciation Depreciation	33308	usd
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	40962	usd
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	38775	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10002	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-18699	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-48008	usd
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-34197	usd
CY2022	us-gaap	Increase Decrease In Deposits IncreaseDecreaseInDeposits	-80000	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	23137	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-31641	usd
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	3209	usd
CY2021	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	27389	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-99685	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-46576	usd
CY2022	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	5000	usd
CY2021	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	-0	usd
CY2022	us-gaap	Payments For Deposits PaymentsForDeposits	7370	usd
CY2021	us-gaap	Payments For Deposits PaymentsForDeposits	-0	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12370	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	0	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	86200	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	333500	usd
CY2022	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	0	usd
CY2021	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	250000	usd
CY2022	ivdn	Forgivness From Loans ForgivnessFromLoans	-0	usd
CY2021	ivdn	Forgivness From Loans ForgivnessFromLoans	33652	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	144666	usd
CY2021	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	29797	usd
CY2022	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	40962	usd
CY2021	us-gaap	Payments For Leasing Costs PaymentsForLeasingCosts	38775	usd
CY2021	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	usd
CY2022	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	7493	usd
CY2021	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	2258	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-105103	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	479018	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-217158	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	432442	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	480451	usd
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	48009	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	263293	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	480451	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	38863	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	21723	usd
CY2022	ivdn	Noncash Financing Activities Forgivness Of Debt NoncashFinancingActivitiesForgivnessOfDebt	0	usd
CY2021	ivdn	Noncash Financing Activities Forgivness Of Debt NoncashFinancingActivitiesForgivnessOfDebt	33652	usd
CY2022	ivdn	Noncash Investment Activities Common Stock Issue For Services NoncashInvestmentActivitiesCommonStockIssueForServices	210000.00	usd
CY2021	ivdn	Noncash Investment Activities Common Stock Issue For Services NoncashInvestmentActivitiesCommonStockIssueForServices	131000.00	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
CY2022	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_84C_eus-gaap--NatureOfOperations_z84t3u4CF9I3" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86F_zpnLqQaXL438">Nature of Operations</span></span> - Innovative Designs, Inc. (the “Company”), which was incorporated in the State of Delaware on June 25, 2002, markets cold weather recreational and industrial clothing products, as well as house wrap, which are made from INSULTEX, a low density foamed polyethylene, a material with buoyancy, scent block, and thermal resistant properties. Our clothing and housewrap is offered and sold by retailers, distributors, and companies throughout the United States and Canada.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We operate two reportable segments: Apparel and House Wrap. Our apparel segment offers a wide variety of extreme cold weather apparel and related items. Our House Wrap segment offers our INSULTEX House Wrap which has an R-value of 3 and an R-value of 6 and our own seam tape.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022	us-gaap	Fiscal Period FiscalPeriod	<p id="xdx_845_eus-gaap--FiscalPeriod_z37YWH1SrtW4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86D_zF6Y6cqB3A8k">Fiscal Year End</span></span> - The Company’s fiscal year ends on October 31. The fiscal years ending October 31, 2022 and 2021 are referred to as 2022 and 2021, respectively, throughout the Company’s financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_845_eus-gaap--UseOfEstimates_zvGkD8bsaBte" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86E_zPKbHgb78NP1">Estimates</span> </span>- The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates and assumptions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	5860	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	5860	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	111000	usd
CY2022	us-gaap	Recovery Of Direct Costs RecoveryOfDirectCosts	260000	usd
CY2022	us-gaap	Other Income OtherIncome	371000	usd
CY2021	us-gaap	Other Income OtherIncome	33652	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	80000	usd
CY2021Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	0	usd
CY2022	ivdn	Description Of Purchase Price Payment Terms DescriptionOfPurchasePricePaymentTerms	The first installment of $300,000 is to be made at the execution of the agreement. The second installment of $200,000 is to be made when the machinery and equipment is ready to be shipped to the United States. The third installment of $100,000 is to be made 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.
CY2018	ivdn	Purchase Price Machinery And Equipment PurchasePriceMachineryAndEquipment	500000	usd
CY2018	ivdn	Advance Payment For Machinery And Equipment AdvancePaymentForMachineryAndEquipment	100000	usd
CY2022Q4	ivdn	Deposits On Flight Equipments DepositsOnFlightEquipments	7370	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	20833	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	607370	usd
CY2021Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	600000	usd
CY2022	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84E_eus-gaap--ConcentrationRiskCreditRisk_zNi23jCozGr5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zlUj45o9LOi2">Concentration of Credit Risk</span></span> - The Company maintains its cash and cash equivalents with a financial institution which management believes to be of high credit quality. Their accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to $<span id="xdx_90C_eus-gaap--CashFDICInsuredAmount_iI_pp0p0_c20221031_zd6spwqOwZRc" title="FDIC insured coverage">250,000</span> in coverage. The balances in these accounts may, at times, exceed the federally insured limits. The Company has not experienced any losses on the deposits and management believes the Company is not exposed to any significant credit risk related to these accounts. The Company had uninsured cash balances as of October 31, 2022 and 2021.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2022	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	24791	usd
CY2021	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	7723	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-322732	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-99685	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-46576	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10335579	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	24511	usd
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	24511	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	18551	usd
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	17061	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5960	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	7450	usd
CY2022	us-gaap	Depreciation Depreciation	1490	usd
CY2021	us-gaap	Depreciation Depreciation	33308	usd
CY2022Q4	us-gaap	Due To Officers Or Stockholders Current And Noncurrent DueToOfficersOrStockholdersCurrentAndNoncurrent	177298	usd
CY2021Q4	us-gaap	Due To Officers Or Stockholders Current And Noncurrent DueToOfficersOrStockholdersCurrentAndNoncurrent	321964	usd
CY2022Q4	ivdn	Due To Officer Or Stockholders Current DueToOfficerOrStockholdersCurrent	84675	usd
CY2021Q4	ivdn	Due To Officer Or Stockholders Current DueToOfficerOrStockholdersCurrent	90350	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	261973	usd
CY2021Q4	us-gaap	Notes Payable NotesPayable	412314	usd
CY2022Q4	ivdn	Due To Officers Or Stockholders DueToOfficersOrStockholders	110631	usd
CY2021Q4	ivdn	Due To Officers Or Stockholders DueToOfficersOrStockholders	188630	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20128	usd
CY2021Q4	us-gaap	Notes Payable Current NotesPayableCurrent	18628	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	131214	usd
CY2021Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	205056	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	130759	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	86906	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	21449	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	2026	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	261973	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	7630000	usd
CY2021	us-gaap	Tax Credit Carryforward Expiration Date TaxCreditCarryforwardExpirationDate	2038-10-31
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2364537	usd
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2269088	usd
CY2022Q4	ivdn	Deferred Tax Liability Depreciation DeferredTaxLiabilityDepreciation	0	usd
CY2021Q4	ivdn	Deferred Tax Liability Depreciation DeferredTaxLiabilityDepreciation	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	2364537	usd
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	2269088	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2364537	usd
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2269088	usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd
CY2021Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.21	pure
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2021	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2022	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	42000	usd
CY2021	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	24500	usd
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	integer
CY2022	us-gaap	Revenues Revenues	258734	usd
CY2021	us-gaap	Revenues Revenues	225601	usd
CY2021	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	0	usd
CY2022	us-gaap	Depreciation Depreciation	1490	usd
CY2021	us-gaap	Depreciation Depreciation	33308	usd
CY2022	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	260000	usd
CY2022Q4	ivdn	Total Present Value Of Right Of Use Assets Under Lease Agreements TotalPresentValueOfRightOfUseAssetsUnderLeaseAgreements	150496	usd
CY2022	ivdn	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	150496	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	usd
CY2022Q4	ivdn	Current Portion Of Right Of Use Asset CurrentPortionOfRightOfUseAsset	0	usd
CY2022Q4	ivdn	Operating Lease Right Of Use Asset Noncurrent OperatingLeaseRightOfUseAssetNoncurrent	0	usd
CY2022	ivdn	Amortization Expense Related To Right Of Use Assets AmortizationExpenseRelatedToRightOfUseAssets	40962	usd
CY2021	ivdn	Amortization Expense Related To Right Of Use Assets AmortizationExpenseRelatedToRightOfUseAssets	38775	usd
CY2022Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	150496	usd
CY2022Q4	ivdn	Present Value Discounts PresentValueDiscounts	150496	usd
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	0	usd

Files In Submission

Name	View Source	Status
FilingSummary.xml	Edgar Link	unprocessable
ivdn-20221031_pre.xml	Edgar Link	unprocessable
0001731122-23-000202-index-headers.html	Edgar Link	pending
0001731122-23-000202-index.html	Edgar Link	pending
0001731122-23-000202.txt	Edgar Link	pending
0001731122-23-000202-xbrl.zip	Edgar Link	pending
e4409_10k.htm	Edgar Link	pending
e4409_ex23-1.htm	Edgar Link	pending
e4409_ex31-1.htm	Edgar Link	pending
e4409_ex31-2.htm	Edgar Link	pending
e4409_ex32-1.htm	Edgar Link	pending
e4409_ex32-2.htm	Edgar Link	pending
e4409_10k_htm.xml	Edgar Link	completed
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
ivdn-20221031.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
ivdn-20221031_cal.xml	Edgar Link	unprocessable
ivdn-20221031_def.xml	Edgar Link	unprocessable
ivdn-20221031_lab.xml	Edgar Link	unprocessable
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

2023 Q1 Form 10-K Financial Statement

#000173112223000202 Filed on February 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IVDN INNOVATIVE DESIGNS INC Stock $ivdn

2023 Q1 Form 10-K Financial Statement

#000173112223000202 Filed on February 13, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn