INNOVATIVE DESIGNS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.8M | $1.4M | $347.8K | $258.7K | $225.6K | $202.3K | $216.0K |
| Cost of Revenue | — | — | — | — | $146.9K | $96.7K | $131.3K | $126.6K |
| Gross Profit | — | — | — | — | $111.8K | $128.9K | $71.0K | $89.3K |
| Gross Margin | — | — | — | — | 43.2% | 57.1% | 35.1% | 41.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $859.1K | $495.8K | $464.1K | $666.2K | $411.7K | $341.1K | $577.1K |
| Operating Income | — | $500.6K | $133.2K | $-248.1K | $-554.4K | $-282.8K | $-270.2K | $-487.7K |
| Operating Margin | — | 18.1% | 9.6% | -71.3% | -214.3% | -125.4% | -133.6% | -225.8% |
| Interest Expense | — | $-1.3K | $36.3K | $24.8K | $42.1K | $49.1K | $11.4K | $18.3K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | — | — | — | — | — | — | — |
| Net Income | — | $494.7K | $96.9K | $-301.4K | $-225.5K | $-322.7K | $-280.7K | $-520.6K |
| Net Margin | — | 17.9% | 7.0% | -86.7% | -87.2% | -143.1% | -138.8% | -241.0% |
| EPS (Basic) | — | — | $0.00 | $-0.01 | $-0.01 | $-0.01 | $-0.01 | $-0.02 |
| EPS (Diluted) | — | $0.01 | $0.00 | $-0.01 | $-0.01 | $-0.01 | $-0.01 | — |
| Shares Outstanding (Basic) | 38.3M | 38.3M | 37.3M | 35.5M | 34.7M | 32.3M | 30.8M | 28.7M |
| Shares Outstanding (Diluted) | 38.3M | 38.3M | 37.3M | 36.5M | 35.3M | 32.3M | 30.8M | 28.7M |
| Dividends Per Share | — | — | — | — | — | — | — | — |