Every 10-Q that INNOVATIVE DESIGNS INC (IVDN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IVDN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IVDN filings page.
INNOVATIVE DESIGNS INC (IVDN) reported higher sales and remained profitable for the nine months ended July 31, 2026, but continues to face financial risk. Revenue rose to $2.20 million from $1.95 million, driven entirely by increased House Wrap sales, and net income edged up to $313,728 from $302,853.
Cash from operating activities strengthened to $444,619, lifting cash to $872,929 and keeping total liabilities relatively low at $282,945 versus assets of $2.66 million. However, the company still carries an accumulated deficit of $9.73 million and discloses that these factors, along with reliance on stock sales and private borrowings, raise substantial doubt about its ability to continue as a going concern. Operations depend on a single Indonesian supplier for Insultex and on key executive Joseph A. Riccelli Jr., and management acknowledges internal control weaknesses due to limited finance staff. The company is discontinuing its Arctic Armor, hunting and swimming apparel lines, has reserved $65,600 against apparel inventory, and has committed $702,083 in deposits toward Insultex production equipment as it works to internalize material supply.
Innovative Designs, Inc. reported a small profit for the quarter ended April 30, 2026 but continues to face serious financial pressure. Quarterly revenue was $808,666, slightly above $796,369 a year earlier, driven solely by higher House Wrap sales.
Net income for the quarter was $106,060 and $267,701 for the six months, yet operating cash flow was negative $126,002, with cash falling to $358,308 from $605,052 at the start of the period. The company still has an accumulated deficit of $9,777,629 and discloses that these factors raise substantial doubt about its ability to continue as a going concern for one year from issuance.
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. (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.