Welcome to our dedicated page for Innovative Designs SEC filings (Ticker: IVDN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
innovative designs, inc. manufactures and markets cold weather recreational and industrial clothing products. the company operates in two segments, apparel and house wrap. it offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation, and tape products for the building construction industry. in addition, it offers insultex material in bulk to non-competing customers; products that restore the waterproof character of the outer side of its arctic armor clothing; and cold weather headgears and base insulation clothing products. the company primarily sells its products through independent sales agents, agencies, retailers, and distributors, as well as through website in the united states and canada. innovative designs,Innovative Designs, Inc. reported improved results for the quarter ended January 31, 2026. Revenue rose to $632,201 from $543,916, driven solely by higher House Wrap sales. Net income increased to $161,641 from $36,202, and operating cash flow was $227,062, lifting cash to $721,372.
The balance sheet remains thin, with total assets of $2,470,337, total liabilities of $249,117 and an accumulated deficit of $9,883,689. Management still discloses “substantial doubt” about the company’s ability to continue as a going concern over the next year, despite the profitable quarter.
The company is discontinuing its Arctic Armor apparel lines and has a $65,600 reserve against apparel inventory, while focusing on House Wrap. It continues to invest in equipment, with $702,083 in deposits on machinery intended to produce Insultex and about $39,139 paid toward new testing equipment.
Innovative Designs, Inc. reports a profitable fiscal year ended October 31, 2025, driven by strong growth in its Insultex House Wrap business. Revenue rose to $2,765,149 from $1,382,733, while net income increased to $494,703 from $96,923, reflecting higher sales and operating leverage.
House Wrap contributed $2,757,614 of revenue, with cold-weather apparel contributing only $7,535 as the company sells down existing inventory. Cash improved to $605,052, liabilities fell to $152,438, and stockholders’ equity increased to $2,059,579, though accumulated deficit remains $10,045,330.
The auditor highlighted substantial doubt about the company’s ability to continue as a going concern due to its deficit and funding needs. Operations depend heavily on two major House Wrap customers and single-source suppliers, and internal controls over financial reporting are considered ineffective, though management is pursuing remediation.
Insider purchases by a director at small prices. A director, John Spagnolo Jr., reported four open-market purchases of Common Stock of INNOVATIVE DESIGNS INC (IVDN) on 05/02/2025, 06/06/2025, 07/01/2025 and 08/04/2025. The filings show incremental buys totaling 25,500 shares and increasing his reported direct holdings from 12,000 to 25,500 shares. Purchase prices ranged from $0.20 to $0.32, and the Form 4 was signed on 10/09/2025.
Innovative Designs Inc. (IVDN) reported condensed interim information showing cash inflows but material uncertainty about its ability to continue as a going concern. The company recorded a positive operating cash flow of $320,842 for the nine-month period ended July 31, 2025, but has an accumulated deficit of ($10,237,207). Accounts receivable stood at $271,249 net of allowances and inventory at $65,600. Management plans to reduce the deficit via sales, stock issuances and borrowings. Several short-term notes were paid in full as of July 31, 2025. The company has made significant deposits on equipment totaling up to $700,000 with staged installments and recorded related impairments and prepayments. The filing discloses legal settlement amounts and execution of corporate charters and certifications.