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EX-31.2 - EXHIBIT 31.2 - INNOVATIVE DESIGNS INCv331668_ex31-2.htm
EX-31.1 - EXHIBIT 31.1 - INNOVATIVE DESIGNS INCv331668_ex31-1.htm
EX-10.9 - EXHIBIT 10.9 - INNOVATIVE DESIGNS INCv331668_ex10-9.htm
EX-32.2 - EXHIBIT 32.2 - INNOVATIVE DESIGNS INCv331668_ex32-2.htm
EX-32.1 - EXHIBIT 32.1 - INNOVATIVE DESIGNS INCv331668_ex32-1.htm
EX-10.15 - EXHIBIT 10.15 - INNOVATIVE DESIGNS INCv331668_ex10-15.htm
EXCEL - IDEA: XBRL DOCUMENT - INNOVATIVE DESIGNS INCFinancial_Report.xls
10-K - ANNUAL REPORT - INNOVATIVE DESIGNS INCv331668_10k.htm
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v2.4.0.6
INCOME TAXES (Tables)
12 Months Ended
Oct. 31, 2012
Income Tax Disclosure [Abstract]  
Summary of Other Tax Carryforwards [Table Text Block]
The significant components of the Company’s deferred tax assets and liabilities relate to the following:

 

  2012  2011 
       
Net operating loss carryforward $872,600  $879,400 
Depreciation  (200)  (200)
Net deferred tax assets before valuation allowance  872,400   879,200 
Less: Valuation allowance  (872,400)  (879,200)
         
Net deferred tax assets $-  $- 
Federal Income Tax Note [Table Text Block]

The effective income tax rate varied from the statutory Federal tax rate as follows:

 

  2012  2011 
       
Federal statutory rate  34%  34%
Effect of net operating losses  (34)%  (34)%
         
Effective income tax rate  -   -