INNOVATIVE DESIGNS, INC.: 10-Q filed 2015-09-18

Name: INNOVATIVE DESIGNS, INC.: 10-Q filed 2015-09-18
Creator: INNOVATIVE DESIGNS, INC.

What INNOVATIVE DESIGNS, INC. reported in its quarterly report filed 2015-09-18 (fiscal Q3 2015): 24 published measures, 65 facts as tagged in accession 0001615774-15-002604.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-09-18
Fiscal period: fiscal Q3 2015
Accession: 0001615774-15-002604 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All INNOVATIVE DESIGNS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit
At 2015-07-31	2,728,012	USD
At 2014-10-31	2,032,619	USD
At 2014-07-31	1,394,686	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2015-07-31	876,061	USD
At 2014-10-31	1,076,622	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2015-07-31	1,851,951	USD
At 2014-10-31	955,997	USD
At 2013-10-31	-355,123	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2015-07-31	1,506,501	USD
At 2014-10-31	988,681	USD
At 2014-07-31	596,205	USD
At 2013-10-31	69,613	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	-233,958	USD	92
2014-11-01 to 2015-07-31	-339,996	USD	273
2013-11-01 to 2014-10-31	-434,070	USD	365
2014-05-01 to 2014-07-31	-123,249	USD	92
2013-11-01 to 2014-07-31	-291,218	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2015-07-31	-6,908,730	USD
At 2014-10-31	-6,568,734	USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2015-07-31	48,963	USD
At 2014-10-31	56,189	USD

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	-202,736	USD	92
2014-11-01 to 2015-07-31	-269,650	USD	273
2014-05-01 to 2014-07-31	-98,437	USD	92
2013-11-01 to 2014-07-31	-202,733	USD	273

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2015-07-31	2,479,038	USD
At 2014-10-31	1,975,420	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	31,227	USD	92
2014-11-01 to 2015-07-31	70,736	USD	273
2014-05-01 to 2014-07-31	24,812	USD	92
2013-11-01 to 2014-07-31	88,485	USD	273

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2015-07-31	632,234	USD
At 2014-10-31	749,093	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2015-07-31	55,625	USD
At 2014-10-31	87,933	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2015-07-31	35,182	USD
At 2014-10-31	64,298	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	249,329	USD	92
2014-11-01 to 2015-07-31	819,024	USD	273
2014-05-01 to 2014-07-31	293,472	USD	92
2013-11-01 to 2014-07-31	838,190	USD	273

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2015-07-31	929,552	USD
At 2014-10-31	889,560	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	224,426	USD	92
2014-11-01 to 2015-07-31	541,207	USD	273
2014-05-01 to 2014-07-31	169,690	USD	92
2013-11-01 to 2014-07-31	515,252	USD	273

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2015-07-31	24,161,310	shares
At 2014-10-31	22,438,043	shares

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2015-07-31	96,354	USD
At 2014-10-31	87,266	USD

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2014-11-01 to 2015-07-31	7,226	USD	273
2013-11-01 to 2014-07-31	2,953	USD	273

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2015-05-01 to 2015-07-31	-31,222	USD	92
2014-11-01 to 2015-07-31	-70,346	USD	273
2014-05-01 to 2014-07-31	-24,812	USD	92
2013-11-01 to 2014-07-31	-88,485	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2014-11-01 to 2015-07-31	1,086,950	USD	273
2013-11-01 to 2014-07-31	688,340	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-11-01 to 2015-07-31	-29,116	USD	273
2013-11-01 to 2014-07-31	-57,729	USD	273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-11-01 to 2015-07-31	39,992	USD	273
2013-11-01 to 2014-07-31	40,576	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2014-11-01 to 2015-07-31	-32,308	USD	273
2013-11-01 to 2014-07-31	-9,910	USD	273

Inspect the source

Entity: INNOVATIVE DESIGNS, INC. / CIK 0001190370
Captured: 2026-09-20T07:45:19.881Z
SEC response SHA-256: 4b46528b331a735b61058a0bffdff78c12b509703b2fe9a7e32187f9297a1924

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001190370.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))