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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
STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (454,714) $ 15,066
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Common stock issued for services 40,500 4,500
Depreciation 649 534
Gain on sale of equipment 0 (5,000)
Provision for inventory reserves (51,439) (9,753)
Increase (decrease) from changes in:    
Accounts receivable 88,785 (38,928)
Inventory 128,648 213,309
Deposits on inventory (6,618) (37,896)
Prepaid insurance (4,360) 0
Loss contingency 190,000 0
Accounts payable (13,524) 34,468
Accrued expenses (5,594) 5,574
Accrued interest expense 86,156 83
Net cash (used in) provided by operating activities (1,511) 181,957
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (19,826) 0
Proceeds from sale of equipment 0 5,000
Net cash (used in) provided by investing activities (19,826) 5,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on shareholder advances (165,500) (67,264)
Proceeds from shareholder advances 185,000 0
Payments on related party note 0 (69,636)
Payments on notes payable (117,853) (254,798)
Proceeds from notes payable 83,476 179,000
Net cash used in financing activities (14,877) (212,698)
Net decrease in cash equivalents (36,214) (25,741)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 91,209 116,950
CASH AND CASH EQUIVALENTS, END OF THE YEAR 54,995 91,209
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 36,643 $ 44,422