$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

$ivdn Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000173112224000304 Filed on February 23, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$65.89K	$124.2K	$347.8K
YoY Change	-8.04%	427.03%	34.41%
Cost Of Revenue	$34.82K	$60.95K	$167.8K
YoY Change	104.7%	64.6%	14.21%
Gross Profit	$31.07K	$63.27K	$180.0K
YoY Change	-43.13%	-570.06%	60.94%
Gross Profit Margin	47.16%	50.93%	51.75%
Selling, General & Admin	$85.68K	$104.2K	$464.1K
YoY Change	-25.27%	-13.14%	-30.35%
% of Gross Profit	275.77%	164.61%	257.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.165K	$760.00	$3.074K
YoY Change	51.5%	105.41%	106.31%
% of Gross Profit	3.75%	1.2%	1.71%
Operating Expenses	$120.5K	$104.1K	$631.9K
YoY Change	-8.47%	-13.14%	-22.3%
Operating Profit	-$54.62K	-$40.88K	-$284.1K
YoY Change	-8.99%	-69.35%	-48.76%
Interest Expense	$7.608K	-$7.160K	$24.81K
YoY Change	15.29%	-6.04%	-41.04%
% of Operating Profit
Other Income/Expense, Net	-$8.773K	-$5.210K	-$17.29K
YoY Change	-1053.59%	-104.69%	-105.26%
Pretax Income	-$63.39K	-$45.73K	-$301.4K
YoY Change	7.28%	52.48%	33.66%
Income Tax
% Of Pretax Income
Net Earnings	-$63.39K	-$45.73K	-$301.4K
YoY Change	7.27%	52.48%	33.66%
Net Earnings / Revenue	-96.22%	-36.81%	-86.66%
Basic Earnings Per Share	$0.00		-$0.01
Diluted Earnings Per Share	$0.00	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	37.92M shares		35.49M shares
Diluted Shares Outstanding	38.05M shares		36.53M shares

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$208.2K	$238.7K	$238.7K
YoY Change	22.87%	-9.35%	-9.35%
Cash & Equivalents	$208.2K	$238.7K
Short-Term Investments
Other Short-Term Assets	$6.400K	$8.200K
YoY Change
Inventory	$601.0K	$549.3K	$549.3K
Prepaid Expenses
Receivables	$10.40K	$31.05K	$31.05K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$826.0K	$819.0K	$819.0K
YoY Change	0.63%	6.49%	6.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$22.31K	$23.48K	$23.48K
YoY Change	-13.46%	293.94%	293.96%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$666.1K	$661.1K	$661.1K
YoY Change	7.34%	-5.85%	-5.85%
Total Long-Term Assets	$688.5K	$684.6K	$684.6K
YoY Change	6.51%	-3.32%	-3.32%
TOTAL ASSETS
Total Short-Term Assets	$826.0K	$819.0K	$819.0K
Total Long-Term Assets	$688.5K	$684.6K	$684.6K
Total Assets	$1.514M	$1.504M	$1.504M
YoY Change	3.22%	1.79%	1.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$84.72K	$216.6K	$216.6K
YoY Change	-51.91%	33.67%	33.67%
Accrued Expenses	$35.24K	$0.00	$42.87K
YoY Change	832.77%	-100.0%	-14.47%
Deferred Revenue
YoY Change
Short-Term Debt	$12.00K	$70.67K	$70.67K
YoY Change	-87.56%	-36.12%	-36.12%
Long-Term Debt Due	$70.53K	$20.40K	$20.40K
YoY Change	247.27%	-84.45%	1.34%
Total Short-Term Liabilities	$202.5K	$350.6K	$350.6K
YoY Change	-41.76%	2.22%	2.22%
LONG-TERM LIABILITIES
Long-Term Debt	$39.38K	$44.43K	$44.43K
YoY Change		-33.36%	-66.14%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$39.38K	$44.43K	$44.43K
YoY Change	-33.86%	-66.14%	-66.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$202.5K	$350.6K	$350.6K
Total Long-Term Liabilities	$39.38K	$44.43K	$44.43K
Total Liabilities	$241.9K	$395.0K	$395.0K
YoY Change	-40.6%	-16.7%	-16.7%
SHAREHOLDERS EQUITY
Retained Earnings	-$10.70M	-$10.64M
YoY Change	2.94%	2.92%
Common Stock	$11.97M	$11.75M
YoY Change	4.52%	3.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.273M	$1.109M	$1.109M
YoY Change
Total Liabilities & Shareholders Equity	$1.514M	$1.504M	$1.504M
YoY Change	3.22%	1.79%	1.79%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$63.39K	-$45.73K	-$301.4K
YoY Change	7.27%	52.48%	33.66%
Depreciation, Depletion And Amortization	$1.165K	$760.00	$3.074K
YoY Change	51.5%	105.41%	106.31%
Cash From Operating Activities	-$102.9K	-$110.2K	-$209.5K
YoY Change	-2.18%	-182.65%	110.15%
INVESTING ACTIVITIES
Capital Expenditures		$0.00	$20.59K
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$72.00K	-$33.06K
YoY Change	-100.0%	-1540.0%	167.26%
Cash From Investing Activities		$72.00K	-$53.65K
YoY Change		-1540.0%	333.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$355.0K
YoY Change			311.83%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$92.34K	98.03K	$238.5K
YoY Change	279.48%	-499.8%	-326.94%
NET CHANGE
Cash From Operating Activities	-$102.9K	-110.2K	-$209.5K
Cash From Investing Activities		72.00K	-$53.65K
Cash From Financing Activities	$92.34K	98.03K	$238.5K
Net Change In Cash	-$10.52K	59.86K	-$24.62K
YoY Change	-88.79%	-42.32%	-88.66%
FREE CASH FLOW
Cash From Operating Activities	-$102.9K	-$110.2K	-$209.5K
Capital Expenditures		$0.00	$20.59K
Free Cash Flow	-$102.9K	-$110.2K	-$230.1K
YoY Change	-18.2%		130.81%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001190370
CY2022	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther		usd
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-10-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-51791
CY2023	dei	Entity Registrant Name EntityRegistrantName	Innovative Designs, Inc.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	03-0465528
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	124 Cherry Street
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	15223
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Pittsburgh
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2023	dei	City Area Code CityAreaCode	(412)
CY2023	dei	Local Phone Number LocalPhoneNumber	799-0350
CY2023	dei	Security12g Title Security12gTitle	Common Stock, $.0001 par value per share
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	6706230	usd
CY2024Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37924003	shares
CY2023	dei	Auditor Name AuditorName	RW Group, LLC
CY2023	dei	Auditor Location AuditorLocation	Kennett Square, PA
CY2023	dei	Auditor Firm AuditorFirmId	5020
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	238677	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	263293	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	31050	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	11203	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	549277	usd
CY2022Q4	us-gaap	Inventory Net InventoryNet	494580	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	819004	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	769076	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	23479	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5960	usd
CY2023Q4	ivdn	Inventory On Consignment InventoryOnConsignment	0	usd
CY2022Q4	ivdn	Inventory On Consignment InventoryOnConsignment	1625	usd
CY2023Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	0	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	80000	usd
CY2023Q4	ivdn	Advance To Employee Noncurrent AdvanceToEmployeeNoncurrent	8200	usd
CY2022Q4	ivdn	Advance To Employee Noncurrent AdvanceToEmployeeNoncurrent	13200	usd
CY2023Q4	us-gaap	Deposits On Flight Equipment DepositsOnFlightEquipment	652944	usd
CY2022Q4	us-gaap	Deposits On Flight Equipment DepositsOnFlightEquipment	607370	usd
CY2023Q4	us-gaap	Other Assets OtherAssets	661144	usd
CY2022Q4	us-gaap	Other Assets OtherAssets	702195	usd
CY2023Q4	us-gaap	Assets Assets	1503627	usd
CY2022Q4	us-gaap	Assets Assets	1477231	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	216626	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	162063	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20397	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20128	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	42873	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	46345	usd
CY2023Q4	ivdn	Current Portion Of Stockholder Loans CurrentPortionOfStockholderLoans	70668	usd
CY2022Q4	ivdn	Current Portion Of Stockholder Loans CurrentPortionOfStockholderLoans	110631	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	0	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3778	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	350564	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	342945	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	44429	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	64547	usd
CY2023Q4	ivdn	Longterm Portion Of Due To Stockholders LongtermPortionOfDueToStockholders	0	usd
CY2022Q4	ivdn	Longterm Portion Of Due To Stockholders LongtermPortionOfDueToStockholders	66667	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	44429	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	131214	usd
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2022Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	25000000	shares
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2022Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100800000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100800000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	36532560	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	36532560	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	34650560	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	34650560	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	3656	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	3467	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11741935	usd
CY2022Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	11335184	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10636957	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10335579	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1108634	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1003072	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1503627	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1477231	usd
CY2023	us-gaap	Revenues Revenues	347763	usd
CY2022	us-gaap	Revenues Revenues	258734	usd
CY2023	ivdn	Cost Of Revenues CostOfRevenues	167788	usd
CY2022	ivdn	Cost Of Revenues CostOfRevenues	146912	usd
CY2023	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	464065	usd
CY2022	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	666239	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	631853	usd
CY2022	us-gaap	Operating Expenses OperatingExpenses	813151	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-284090	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-554417	usd
CY2023	ivdn	Miscellaneous Income Expense MiscellaneousIncomeExpense	0	usd
CY2022	ivdn	Miscellaneous Income Expense MiscellaneousIncomeExpense	371000	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	7519	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	0	usd
CY2023	us-gaap	Interest Expense InterestExpense	24807	usd
CY2022	us-gaap	Interest Expense InterestExpense	42072	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-17288	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	328928	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-301378	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-225489	usd
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	35487572	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	34650560	shares
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	36529252	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	35330560	shares
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	932361	usd
CY2022	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	86200	usd
CY2022	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	210000	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1003072	usd
CY2023	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	355000	usd
CY2023	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	10000	usd
CY2023	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	41940	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-301378	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1108634	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-301378	usd
CY2022	us-gaap	Profit Loss ProfitLoss	-225489	usd
CY2023	ivdn	Write Off Of Accounts Payable WriteOffOfAccountsPayable	-0	usd
CY2022	ivdn	Write Off Of Accounts Payable WriteOffOfAccountsPayable	111000	usd
CY2023	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	41940	usd
CY2022	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	210000	usd
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3074	usd
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1490	usd
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	0	usd
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	40962	usd
CY2023	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	7519	usd
CY2022	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-0	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	19847	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10002	usd
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	53072	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-48008	usd
CY2023	ivdn	Increase Decrease In Deposits On Inventories IncreaseDecreaseInDepositsOnInventories	80000	usd
CY2022	ivdn	Increase Decrease In Deposits On Inventories IncreaseDecreaseInDepositsOnInventories	-80000	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	50785	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	23137	usd
CY2023	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-3472	usd
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	3209	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-209489	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-99685	usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20593	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	-0	usd
CY2023	us-gaap	Payments For Other Deposits PaymentsForOtherDeposits	45574	usd
CY2022	us-gaap	Payments For Other Deposits PaymentsForOtherDeposits	7370	usd
CY2023	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	7519	usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	usd
CY2023	ivdn	Advances To Employees AdvancesToEmployees	5000	usd
CY2022	ivdn	Advances To Employees AdvancesToEmployees	-5000	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-53648	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-12370	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	355000	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	86200	usd
CY2023	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	10000	usd
CY2022	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	0	usd
CY2023	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	106630	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	144666	usd
CY2023	ivdn	Payment On Lease Liability PaymentOnLeaseLiability	-0	usd
CY2022	ivdn	Payment On Lease Liability PaymentOnLeaseLiability	40962	usd
CY2023	ivdn	Proceeds On Notes Payable ProceedsOnNotesPayable	-0	usd
CY2022	ivdn	Proceeds On Notes Payable ProceedsOnNotesPayable	-1818	usd
CY2023	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	19849	usd
CY2022	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	7493	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	238521	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-105103	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-24616	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-217158	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	263293	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	480451	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	238677	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	263293	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	28279	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	38863	usd
CY2023	ivdn	Common Stock Issued For Services CommonStockIssuedForServices	41940	usd
CY2022	ivdn	Common Stock Issued For Services CommonStockIssuedForServices	210000	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_847_eus-gaap--UseOfEstimates_z6hMvGGukgBa" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><b><span id="xdx_863_zkcN98pisYwk">USE OF ESTIMATES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p>
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	5860	usd
CY2022Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	1201	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	5860	usd
CY2023Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	31050	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	65600	usd
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	75468	usd
CY2022Q4	us-gaap	Deposits Assets Current DepositsAssetsCurrent	80000	usd
CY2023	ivdn	Deposits On Equipments DepositsOnEquipments	652944	usd
CY2022	ivdn	Deposits On Equipments DepositsOnEquipments	607370	usd
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_849_eus-gaap--ConcentrationRiskCreditRisk_zH0pmAU87od2" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_86F_zmp4hwyzGoli">CONCENTRATION OF CREDIT RISK</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The Company maintains its cash balances with a financial institution which management believes to be of high credit quality. The accounts are insured by the Federal Deposit Insurance Company (“FDIC”) up to $<span id="xdx_90A_eus-gaap--CashFDICInsuredAmount_iI_c20231031_zKRbSFX9S2vh" title="Federal deposit insurance company">250,000</span> in coverage. The balances in the accounts may, at times, exceed the federally insured limits. The Company has not experienced any losses on deposits and management believes the Company is not exposed to any significant credit risk related to these accounts.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p>
CY2023Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	32962	usd
CY2022	ivdn	Shipping And Handling Costs ShippingAndHandlingCosts	24791	usd
CY2023	us-gaap	Guarantees Indemnifications And Warranties Policies GuaranteesIndemnificationsAndWarrantiesPolicies	<p id="xdx_844_eus-gaap--GuaranteesIndemnificationsAndWarrantiesPolicies_zfKLTG5Os5Yg" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif"><b><span id="xdx_863_zDjSjRQMiZge">WARRANTIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"><span style="font: 10pt Times New Roman, Times, Serif"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">The Company provides a ten-year limited warranty covering defects in workmanship. These warranties are included in the contract and do not provide customers with a service in addition to assurance of compliance with agreed-upon specifications. The Company does not consider these assurance-type warranties to be separate performance obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif">Management has determined that no warranty reserve is currently necessary on the Company’s products. Management will continue to evaluate the need for a warranty reserve throughout the year and make adjustments as needed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 36pt; text-align: justify"><span style="font: 10pt Times New Roman, Times, Serif"> </span></p>
CY2023Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	954000	shares
CY2022Q4	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	994000	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-301378	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-225489	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-209489	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-99685	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-10636957	usd
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0550	pure
CY2023	ivdn	Lease Rou Description LeaseROUDescription	The Company entered into a lease for office space at the time the Company was formed through June 2022. Effective July 2022, the Company is leasing the office space on a month to month basis.
CY2023	us-gaap	Tax Credit Carryforward Expiration Date TaxCreditCarryforwardExpirationDate	2039-10-31
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	36993	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	24511	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	13514	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	18551	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	23479	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	5960	usd
CY2023	us-gaap	Depreciation Depreciation	3074	usd
CY2022	us-gaap	Depreciation Depreciation	1490	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	64826	usd
CY2022Q4	us-gaap	Notes Payable NotesPayable	84675	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20397	usd
CY2022Q4	us-gaap	Notes Payable Current NotesPayableCurrent	20128	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	44429	usd
CY2022Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	64547	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	20397	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	20934	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	21485	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	2010	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	64826	usd
CY2023	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	347763	usd
CY2022	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	258734	usd
CY2023	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	20593	usd
CY2022	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	0	usd
CY2023	us-gaap	Depreciation Depreciation	3074	usd
CY2022	us-gaap	Depreciation Depreciation	1490	usd
CY2023Q4	ivdn	Stockholder Loans StockholderLoans	70668	usd
CY2022Q4	ivdn	Stockholder Loans StockholderLoans	177298	usd
CY2023Q4	ivdn	Stockholder Loans Maturity In Next Twelve Months StockholderLoansMaturityInNextTwelveMonths	70668	usd
CY2023Q4	ivdn	Stockholder Loans StockholderLoans	70668	usd
CY2022	ivdn	Professional Fees No Longer Payable ProfessionalFeesNoLongerPayable	111000	usd
CY2023	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	260000	usd
CY2023	us-gaap	Other Income OtherIncome	371000	usd
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	8001000	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2479510	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2364537	usd
CY2023Q4	ivdn	Deferred Tax Liability Depreciation DeferredTaxLiabilityDepreciation	0	usd
CY2022Q4	ivdn	Deferred Tax Liability Depreciation DeferredTaxLiabilityDepreciation	0	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	2479510	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	2364537	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2479510	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2364537	usd
CY2023Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd
CY2023	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 At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2023	ivdn	Rent Expenses RentExpenses	35000	usd
CY2022	ivdn	Rent Expenses RentExpenses	42000	usd
CY2022Q2	us-gaap	Payments For Legal Settlements PaymentsForLegalSettlements	260000	usd

Files In Submission

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0001731122-24-000304-index.html	Edgar Link	pending
0001731122-24-000304.txt	Edgar Link	pending
0001731122-24-000304-xbrl.zip	Edgar Link	pending
e5442_10-k.htm	Edgar Link	pending
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e5442_ex31-2.htm	Edgar Link	pending
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e5442_ex32-2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
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ivdn-20231031.xsd	Edgar Link	pending
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ivdn-20231031_def.xml	Edgar Link	unprocessable
e5442_10-k_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
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ivdn-20231031_cal.xml	Edgar Link	unprocessable
ivdn-20231031_lab.xml	Edgar Link	unprocessable
ivdn-20231031_pre.xml	Edgar Link	unprocessable

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$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn

2024 Q1 Form 10-K Financial Statement

#000173112224000304 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IVDN INNOVATIVE DESIGNS INC Stock $ivdn

2024 Q1 Form 10-K Financial Statement

#000173112224000304 Filed on February 23, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IVDN
INNOVATIVE DESIGNS INC Stock $ivdn