Innovative Designs, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $605.1K | $185.7K | $238.7K | $263.3K | $480.5K | $48.0K | $34.5K | $112.2K |
| Accounts Receivable | $344.7K | $321.9K | $31.1K | $11.2K | $1.2K | $19.9K | $5.9K | $13.5K |
| Inventory | $537.7K | $498.8K | $549.3K | $494.6K | $542.6K | $576.8K | $636.5K | $721.3K |
| Total Current Assets | $1.5M | $1.0M | $819.0K | $769.1K | $1.1M | $683.5K | $713.5K | $917.5K |
| Property, Plant & Equipment | $30.5K | $28.1K | $23.5K | $6.0K | $7.5K | $65.2K | $98.5K | $131.5K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $2.2M | $1.7M | $1.5M | $1.5M | $1.7M | $1.4M | $1.6M | $1.7M |
| Liabilities | ||||||||
| Accounts Payable | $78.8K | $65.3K | $216.6K | $162.1K | $228.7K | $270.8K | $258.1K | $195.0K |
| Total Current Liabilities | $129.5K | $216.5K | $350.6K | $342.9K | $545.1K | $460.7K | $440.1K | $392.6K |
| Long-Term Debt | $0 | $44.4K | $64.8K | $66.7K | $133.3K | $228.5K | $199.2K | $264.8K |
| Total Liabilities | $152.4K | $250.0K | $395.0K | $474.2K | $750.1K | $608.9K | $600.3K | $493.5K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-10.0M | $-10.5M | $-10.6M | $-10.3M | $-10.1M | $-9.8M | $-9.4M | $-8.9M |
| Total Stockholders' Equity | $2.1M | $1.4M | $1.1M | $1.0M | $932.4K | $790.6K | $900.8K | $1.2M |