Nutriband Inc.(NASDAQ:NTRB) 
Nutriband Inc. develops a portfolio of transdermal pharmaceutical products. The company's lead product in development is abuse deterrent fentanyl transdermal system that provides clinicians and patients with an extended-release transdermal fentanyl product for use in managing chronic pain. The compa...
Website: https://nutriband.com
Founded: 2016
CEO: Gareth Sheridan
Sector: Healthcare
Industry: Biotechnology
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At a glance:
Bull Thesis:
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Income Statements:
Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 433,399 | 400,709 | 346,058 | 622,452 | 667,432 | 642,379 | 645,796 | 442,830 | 408,532 | 524,613 | 427,841 | 655,928 | 476,932 | 527,535 | 618,003 | 456,149 | 477,922 | 491,890 | 283,037 | 213,739 | 433,488 | 348,091 | 391,797 | 84,450 | 119,364 | 19,577 | 82,567 | 74,913 | 193,590 | 82,470 | 162,815 | ||||||||
yoy | -35.06% | -37.62% | -46.41% | 40.56% | 63.37% | 22.45% | 50.94% | -32.49% | -14.34% | -0.55% | -30.77% | 43.80% | -0.21% | 7.25% | 118.35% | 113.41% | 10.25% | 41.31% | -27.76% | 153.10% | 263.16% | 1678.06% | 374.52% | 12.73% | -38.34% | -76.26% | -49.29% | ||||||||||||
qoq | 8.16% | 15.79% | -44.40% | -6.74% | 3.90% | -0.53% | 45.83% | 8.40% | -22.13% | 22.62% | -34.77% | 37.53% | -9.59% | -14.64% | 35.48% | -4.56% | -2.84% | 73.79% | 32.42% | -50.69% | 24.53% | -11.16% | 363.94% | -29.25% | 509.72% | -76.29% | 10.22% | -61.30% | 134.74% | -49.35% | |||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||
cost of revenues | 236,598 | 311,768 | 277,553 | 465,571 | 415,451 | 356,435 | 454,767 | 341,272 | 243,746 | 343,385 | 268,920 | 356,256 | 254,648 | 398,139 | 349,272 | 304,353 | 277,436 | 388,544 | 173,694 | 186,762 | 168,844 | 161,730 | 228,772 | 116,937 | 74,939 | 126,228 | 106,126 | 117,959 | 198,794 | ||||||||||
research and development | 247,261 | 188,036 | 457,113 | 562,554 | 683,426 | 489,856 | 880,768 | 773,975 | 974,535 | 563,370 | 551,503 | 445,122 | 400,430 | ||||||||||||||||||||||||||
selling, general and administrative | 1,203,891 | 921,820 | 3,491,728 | 1,597,540 | 982,052 | 1,759,655 | 737,102 | 737,325 | 1,079,728 | 924,207 | 1,330,929 | 678,738 | 839,732 | 92,962 | |||||||||||||||||||||||||
total costs and expenses | 1,687,750 | 1,421,624 | 4,226,394 | 2,625,665 | 2,080,929 | 6,201,162 | 2,072,637 | 1,852,572 | 2,298,009 | 1,830,962 | 2,151,352 | 1,480,116 | 1,494,810 | 2,211,076 | 1,689,522 | 1,490,395 | 1,163,801 | 4,266,976 | 1,821,478 | 695,981 | 748,452 | 2,529,775 | 432,748 | 310,268 | 266,856 | 426,104.25 | 413,141 | 524,525 | 766,751 | 598,220 | 651,435 | 1,878,772 | |||||||
income from operations | -1,254,351 | -1,020,915 | -3,880,336 | -2,003,213 | -1,413,497 | -5,558,783 | -1,426,841 | -1,409,742 | -1,889,477 | -1,306,349 | -1,723,511 | -824,188 | -1,017,878 | -1,683,541 | -1,071,519 | -1,034,246 | -685,879 | -3,775,086 | -1,538,441 | -482,242 | -314,964 | -2,181,684 | -40,951 | -225,818 | -147,492 | -616,093 | -330,574 | -449,612 | -573,161 | ||||||||||
yoy | -11.26% | -81.63% | 171.95% | 42.10% | -25.19% | 325.52% | -17.21% | 71.05% | 85.63% | -22.40% | 60.85% | -20.31% | 48.40% | -55.40% | -30.35% | 114.47% | 117.76% | 73.04% | 3656.78% | 113.55% | 113.55% | 254.12% | -87.61% | -49.77% | -74.27% | ||||||||||||||
qoq | 22.87% | -73.69% | 93.71% | 41.72% | -74.57% | 289.59% | 1.21% | -25.39% | 44.64% | -24.20% | 109.12% | -19.03% | -39.54% | 57.12% | 3.60% | 50.79% | -81.83% | 145.38% | 219.02% | 53.11% | -85.56% | 5227.55% | -81.87% | 53.11% | -76.06% | 86.37% | -26.48% | -21.56% | |||||||||||
operating margin % | -289.42% | -254.78% | -1121.30% | -321.83% | -211.78% | -865.34% | -220.94% | -318.35% | -462.50% | -249.01% | -402.84% | -125.65% | -213.42% | -319.13% | -173.38% | -226.73% | -143.51% | -767.47% | -543.55% | -225.62% | -72.66% | -626.76% | -10.45% | -267.40% | -123.56% | -3147.02% | -400.37% | -600.18% | -296.07% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
other income: | |||||||||||||||||||||||||||||||||||||||
other income | 17,403 | ||||||||||||||||||||||||||||||||||||||
interest expense | -5,008 | -5,334 | -5,548 | -5,773 | -5,880 | -3,739 | -4,031 | -5,019 | -8,618 | -23,214 | -40,200 | -9,235 | -3,166 | 4,216 | -3,966 | -4,429 | -4,110 | -3,153 | -33,380 | -41,019 | -40,869 | -73,850 | -1,618 | -51 | -205,167 | -71,854 | -414 | -953 | -192 | ||||||||||
total other income | 12,395 | 52,856 | 7,969 | 2,876 | 24,628 | 42,345 | 64,204 | -295,723 | -8,600 | 2,649 | 4,216 | -3,966 | -4,429 | -4,110 | 6,661 | -33,380 | -37,681 | -993 | -51 | -264,702 | |||||||||||||||||||
income before provision for income taxes | -1,241,956 | -968,059 | -3,872,367 | -2,000,337 | -1,388,869 | -5,516,438 | -1,362,637 | -1,705,465 | -1,898,077 | -1,880,966 | -1,759,946 | -829,173 | -1,015,229 | -1,679,325 | -1,075,485 | -1,038,675 | -689,989 | -3,768,425 | -1,571,821 | -519,923 | -170,158 | -42,569 | -225,869 | ||||||||||||||||
provision for income taxes | -1,878,772 | ||||||||||||||||||||||||||||||||||||||
net income | -1,241,956 | -968,059 | -3,872,367 | -2,000,337 | -1,388,869 | -5,516,438 | -1,362,637 | -1,705,465 | -1,898,077 | -1,880,966 | -1,759,946 | -829,173 | -1,015,229 | -1,679,325 | -1,075,485 | -1,038,675 | -689,989 | -3,768,425 | -1,571,821 | -519,923 | -315,957 | -2,252,196 | -42,569 | -225,869 | -412,194 | -944,435 | -753,274 | -450,565 | -573,353 | -515,750 | -488,620 | -1,878,772 | -448,098 | -2,435,635 | -107,732 | -92,962 | -52,081 | -33,577 | |
yoy | -10.58% | -82.45% | 184.18% | 17.29% | -26.83% | 193.28% | -22.58% | 105.68% | 86.96% | 12.01% | 63.64% | -20.17% | 47.14% | -55.44% | -31.58% | 99.77% | 118.38% | 67.32% | 3592.41% | 130.19% | -23.35% | 138.47% | -94.35% | -49.87% | -28.11% | 83.12% | 54.16% | -76.02% | 27.95% | -78.82% | 353.55% | 1921.01% | 760.39% | 7153.88% | |||||
qoq | 28.29% | -75.00% | 93.59% | 44.03% | -74.82% | 304.84% | -20.10% | -10.15% | 0.91% | 6.88% | 112.25% | -18.33% | -39.55% | 56.15% | 3.54% | 50.54% | -81.69% | 139.75% | 202.32% | 64.55% | -85.97% | 5190.70% | -81.15% | -45.20% | -56.36% | 25.38% | 67.18% | -21.42% | 11.17% | 5.55% | -73.99% | 319.28% | -81.60% | 2160.83% | 15.89% | 78.50% | 55.11% | ||
net income margin % | -286.56% | -241.59% | -1118.99% | -321.36% | -208.09% | -858.75% | -211.00% | -385.13% | -464.61% | -358.54% | -411.36% | -126.41% | -212.87% | -318.33% | -174.03% | -227.71% | -144.37% | -766.11% | -555.34% | -243.25% | -72.89% | -647.01% | -10.87% | -267.46% | -345.33% | -4824.21% | -912.32% | -601.45% | -296.17% | -625.38% | -300.11% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | NaN% |
preferred shares dividend | -21,814,166 | ||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders - basic and diluted | -1,241,956 | -23,814,503 | |||||||||||||||||||||||||||||||||||||
net income per share | -0.1 | -0.635 | -0.32 | -2.12 | -0.12 | -0.51 | -0.12 | -0.15 | -0.21 | -0.23 | -0.22 | -0.11 | -0.13 | -0.21 | -0.14 | -0.12 | -0.09 | -0.54 | -0.27 | -0.08 | -0.05 | -0.39 | -0.01 | -0.04 | -0.08 | -0.17 | -0.14 | -0.08 | -0.03 | -0.03 | -0.02 | ||||||||
weighted-average common shares outstanding - basic and diluted | 12,155,983 | 12,057,153 | 11,218,581 | 20,877,100 | 19,212,018 | 22,286,111 | 21,210,592 | ||||||||||||||||||||||||||||||||
interest income | 13,168.5 | 13,517 | 8,649 | 30,508 | 46,084 | 68,235 | 77,332 | 18 | 3,020 | 3,765 | 4,250 | 5,815 | |||||||||||||||||||||||||||
loss on extinguishment of debt | -368,036 | -12,500 | |||||||||||||||||||||||||||||||||||||
net loss available to common stockholders- basic and diluted | -7,268,934.75 | -3,872,367 | |||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding | |||||||||||||||||||||||||||||||||||||||
- basic and diluted | 11,125,800 | 9,159,869 | 1,355,989 | 5,423,956 | 21,695,529 | 4,398,549.75 | 20,767,100 | 19,550,361 | |||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding - basic and diluted | 11,101,945 | 11,061,725 | 7,954,105 | 7,833,150 | 7,833,150 | 7,833,150 | 8,459,547 | 7,803,264 | 7,871,356 | 6,799,624 | 6,505,249 | 6,356,269 | 6,329,438 | 5,770,944 | 5,651,180 | 5,513,782 | 5,469,033 | 5,423,956 | 5,423,956 | ||||||||||||||||||||
weighted-average shares of common stock outstanding | |||||||||||||||||||||||||||||||||||||||
total other expenses | -9,692.75 | -36,435 | -4,985 | ||||||||||||||||||||||||||||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustment | -252 | -4 | 252 | 146 | -748 | 160 | -1,471 | -607 | 146 | ||||||||||||||||||||||||||||||
total comprehensive loss | -829,173 | -1,015,229 | -1,679,325 | -1,075,485 | -1,038,675 | -689,989 | -3,768,425 | -1,768,410 | -315,957 | -2,252,196 | -42,569 | -412,194 | -703,774 | -488,624 | -1,878,520 | -447,952 | -59,429.5 | -107,572 | -94,433 | -52,688 | -29,440 | ||||||||||||||||||
research and development expenses | 171,600.25 | 290,718 | 277,869 | 117,814 | 250,383 | 161,000 | |||||||||||||||||||||||||||||||||
selling, general and administrative expenses | 681,564 | 1,049,532 | 908,173 | 768,551 | 1,447,213 | 1,486,784 | 509,219 | 579,608 | 2,368,045 | 203,976 | 193,331 | 191,917 | 509,442 | 307,015 | 406,566 | 567,957 | 2,280,152 | 445,152 | 392,322 | 448,098 | -64,365 | 107,732 | 52,081 | 33,577 | |||||||||||||||
gain on extinguishment of debt | 9,814 | 3,338 | 39,876 | ||||||||||||||||||||||||||||||||||||
deemed dividend related to warrant round-down | -196,589 | ||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareholders | -1,679,325 | -1,075,485 | -3,768,425 | -1,768,410 | |||||||||||||||||||||||||||||||||||
weighted-average shares of common stock outstanding- basic and diluted | 8,409,141 | 21,824,100 | |||||||||||||||||||||||||||||||||||||
early prepayment fee on convertible debentures | -17,282.75 | ||||||||||||||||||||||||||||||||||||||
gain on change of fair value of derivative | 5,524 | 22,096 | |||||||||||||||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||||||||||
total comprehensive income | -519,923 | -225,869 | -444,361 | -753,274 | -573,353 | -573,605 | |||||||||||||||||||||||||||||||||
early prepayment fee on convertible debenture | -69,131 | ||||||||||||||||||||||||||||||||||||||
gain on change in fair value of derivative | |||||||||||||||||||||||||||||||||||||||
loss from operations before provision for income taxes | -315,957 | -412,194 | -944,435 | -753,274 | -450,565 | -573,353 | -515,750 | -488,620 | -448,098 | -2,435,635 | -107,732 | -92,962 | -52,081 | -29,420.75 | |||||||||||||||||||||||||
derivative expense | -415,514 | -352,136 | |||||||||||||||||||||||||||||||||||||
total other expense | -66,592.75 | -1,618 | |||||||||||||||||||||||||||||||||||||
loss on change in fair value of derivative | -17,537.5 | -70,150 | |||||||||||||||||||||||||||||||||||||
cost of sales | 51,570.75 | 206,283 | |||||||||||||||||||||||||||||||||||||
stock-based compensation | 440,987.5 | ||||||||||||||||||||||||||||||||||||||
non-cash compensation | 1,486,450 | ||||||||||||||||||||||||||||||||||||||
loss from operations before | |||||||||||||||||||||||||||||||||||||||
net loss per common share-basic and diluted | -0.09 | -0.02 | -0.13 | -0.01 | |||||||||||||||||||||||||||||||||||
weighted average common shares outstanding - basic and diluted | 21,240,133 | ||||||||||||||||||||||||||||||||||||||
net loss per common share - basic and diluted | -0.003 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2019-07-31 | 2018-07-31 | 2018-04-30 | 2017-01-31 | 2016-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||
cash and cash equivalents | 4,006,184 | 4,574,857 | 5,312,177 | 6,995,101 | 2,964,097 | 4,311,719 | 5,698,187 | 6,759,967 | 8,347,740 | 492,942 | 1,265,323 | 2,334,553 | 1,278,075 | 1,985,440 | 2,816,318 | 3,344,558 | 4,010,644 | 4,891,868 | 5,485,344 | 304,258 | 13,833 | 1,097,181 | 27,124 | 6,229 | |
accounts receivable-net | 2,632 | 118,404 | 147,562 | 160,804 | 94,136 | 73,847 | 223,452 | ||||||||||||||||||
inventory-net | 121,494 | ||||||||||||||||||||||||
prepaid expenses | 245,952 | 177,470 | 219,327 | 226,500 | 156,090 | 196,658 | 215,486 | 196,235 | 128,551 | 211,667 | 390,104 | 558,647 | 369,279 | 365,925 | 426,105 | 461,011 | 404,637 | 370,472 | 191,820 | 216,127 | 68,500 | 65,503 | 106,753 | 2,326 | |
total current assets | 4,376,262 | 4,988,718 | 5,815,064 | 7,520,436 | 3,429,647 | 4,794,265 | 6,191,602 | 7,248,073 | 8,729,940 | 1,021,863 | 1,999,737 | 3,273,573 | 1,993,492 | 2,693,745 | 3,507,201 | 4,113,956 | 4,641,912 | 5,465,368 | 5,948,512 | 606,750 | 152,875 | 1,217,290 | 110,886 | 37,727 | 34,452 |
property & equipment-net | 548,244 | 567,255 | 587,968 | 615,857 | 658,073 | 695,063 | 739,630 | 737,534 | 740,305 | 774,924 | 766,839 | 806,423 | 853,445 | 897,735 | 933,642 | 978,863 | 1,000,873 | 979,297 | 989,997 | 1,035,109 | 128,588 | ||||
other assets: | |||||||||||||||||||||||||
goodwill | 1,719,535 | 1,719,535 | 1,719,535 | 1,719,535 | 1,719,535 | 1,719,535 | 5,021,713 | 5,021,713 | 5,021,713 | 5,021,713 | 5,021,713 | 5,021,713 | 5,021,713 | 5,021,713 | 5,349,039 | 5,349,039 | 5,349,039 | 5,349,039 | 7,529,875 | 7,529,875 | 1,719,235 | ||||
operating lease right of use asset | 63,000 | 72,000 | 81,000 | 90,000 | 99,000 | 7,839 | 15,684 | 23,529 | 31,374 | 39,219 | 47,064 | 54,909 | 62,754 | 70,599 | 83,210 | 98,192 | |||||||||
intangible assets-net | 185,261 | 200,427 | 215,593 | 230,760 | 245,926 | 261,092 | 582,418 | 610,705 | 638,993 | 667,280 | 695,568 | 723,855 | 752,143 | 780,430 | 808,718 | 862,004 | 894,459 | 926,913 | 959,367 | 991,821 | 333,235 | ||||
total assets | 6,892,302 | 7,547,935 | 8,419,160 | 10,176,588 | 6,152,181 | 7,469,955 | 12,543,202 | 13,633,709 | 15,154,480 | 7,517,154 | 8,523,076 | 9,872,628 | 8,675,702 | 9,456,377 | 10,669,199 | 11,387,072 | 11,984,475 | 12,739,660 | 15,427,751 | 10,163,555 | 2,353,151 | 3,071,106 | 110,886 | 37,727 | 34,452 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||
accounts payable and accrued expenses | 639,192 | 502,654 | 605,209 | 1,393,013 | 721,671 | 698,821 | 892,154 | 778,827 | 994,106 | 680,132 | 387,862 | 496,778 | 543,753 | 534,679 | 535,841 | 620,861 | 535,440 | 639,539 | 644,543 | 975,596 | 610,357 | 73,120 | 77,128 | 4,149 | 16,142 |
deferred revenue | 30,406 | 120,303 | 6,974 | 19,419 | 44,680 | 155,880 | 218,868 | 179,576 | 269,345 | 157,502 | 169,495 | 217,890 | 188,697 | 162,903 | 201,990 | 145,914 | 129,986 | 106,267 | 239,582 | 64,704 | 49,000 | ||||
operating lease liability-current portion | 33,201 | 32,453 | 31,722 | 31,007 | 30,309 | 8,864 | 17,528 | 25,988 | 34,276 | 33,505 | 32,750 | 32,012 | 31,291 | 30,586 | 19,526 | 33,885 | |||||||||
notes payable-current portion | 129,338 | 128,871 | 128,619 | 128,369 | 128,391 | 128,144 | 127,900 | 127,659 | 127,419 | 127,183 | 126,912 | 126,709 | 19,931 | 19,740 | 21,335 | 17,623 | 23,746 | 14,119 | 14,119 | 114,119 | |||||
total current liabilities | 832,137 | 784,281 | 772,524 | 1,571,808 | 925,051 | 982,845 | 1,247,786 | 1,103,590 | 1,416,858 | 999,093 | 717,774 | 874,127 | 784,393 | 748,613 | 789,752 | 803,924 | 723,057 | 779,256 | 1,004,275 | 2,655,556 | 720,009 | 162,120 | 159,830 | 14,618 | 33,696 |
long-term liabilities: | |||||||||||||||||||||||||
note payable-net of current portion | 29,825 | 35,861 | 41,603 | 47,290 | 52,632 | 58,205 | 63,717 | 69,133 | 74,509 | 79,826 | 85,101 | 90,264 | 95,429 | 100,497 | 105,512 | 115,749 | 115,749 | 101,119 | 104,601 | 108,077 | |||||
operating lease liability-net of current portion | 40,350 | 48,305 | 56,081 | 63,682 | 71,112 | 8,863 | 17,529 | 25,999 | 34,277 | 42,369 | 65,569 | 65,569 | |||||||||||||
total liabilities | 902,312 | 868,447 | 870,208 | 1,682,780 | 1,048,795 | 1,041,050 | 1,311,503 | 1,172,723 | 1,791,367 | 1,078,919 | 2,811,738 | 2,981,920 | 955,821 | 883,387 | 937,633 | 985,242 | 904,375 | 880,375 | 1,108,876 | 2,847,489 | 14,618 | 33,971 | |||
commitments and contingencies | |||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||
preferred stock, .001 par value... | 3,009 | 3,009 | 3,009 | 3,009 | |||||||||||||||||||||
common stock, .001 par value... | 12,156 | 12,156 | 12,156 | 12,016 | 11,130 | 11,106 | 11,096 | 10,960 | 8,860 | 7,833 | 7,833 | 7,833 | 7,833 | 7,803 | 7,803 | 7,820 | 7,843 | 7,744 | 6,356 | 5,424 | 21,824 | 20,877 | 15,572 | 22,375 | |
additional paid-in-capital | 53,996,205 | 53,443,747 | 53,345,152 | 50,417,781 | 45,053,767 | 45,029,317 | 44,167,095 | 44,066,396 | 43,263,194 | 34,442,339 | 31,835,503 | 31,254,927 | 31,254,927 | 31,092,807 | 30,669,580 | 30,264,359 | 29,967,467 | 29,967,444 | 28,487,341 | 19,980,999 | 8,832,590 | 8,063,490 | 2,950,487 | 183,292 | 90,719 |
accumulated other comprehensive loss | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -304 | -48 | -300 | |||
treasury stock | -86,852 | -86,852 | -86,852 | -86,852 | -148,547 | -32,641 | -32,641 | -32,641 | -32,641 | -32,641 | -32,641 | -32,641 | -130,133 | -130,133 | -193,663 | -104,467 | |||||||||
accumulated deficit | -47,934,224 | -46,692,268 | -45,724,209 | -41,851,842 | -38,462,636 | -32,946,198 | -31,583,561 | -29,878,096 | -27,980,019 | -26,099,053 | -24,339,107 | -23,509,934 | -22,494,705 | -20,815,380 | -19,739,895 | -18,701,220 | -18,011,231 | -14,242,806 | -12,670,985 | -7,204,568 | -5,176,280 | -3,297,508 | -177,464 | -113,908 | |
total stockholders’ equity | 5,989,990 | 6,679,488 | 7,548,952 | 8,493,808 | 5,103,386 | 6,428,905 | 11,231,699 | 12,460,986 | 13,363,113 | 6,438,235 | 5,711,338 | 6,890,708 | 7,719,881 | 9,731,566 | 10,401,830 | 11,080,100 | 11,859,285 | 14,318,875 | 7,316,066 | ||||||
total liabilities and stockholders’ equity | 6,892,302 | 7,547,935 | 8,419,160 | 10,176,588 | 6,152,181 | 7,469,955 | 12,543,202 | 13,633,709 | 15,154,480 | 7,517,154 | 8,523,076 | 9,872,628 | 8,675,702 | 10,669,199 | 11,387,072 | 11,984,475 | 12,739,660 | 15,427,751 | 10,163,555 | ||||||
inventory- net | 117,987 | ||||||||||||||||||||||||
inventory | 135,998 | 138,031 | 215,324 | 212,041 | 168,299 | 223,860 | 168,505 | 168,605 | 174,641 | 156,921 | 181,497 | 229,335 | 184,323 | 161,830 | 127,533 | 131,648 | 124,937 | 72,600 | |||||||
11,074,810 and 8,859,870 shares outstanding as of january 31, 2025 and 2024, respectively | 11,075 | ||||||||||||||||||||||||
accounts receivable | 109,630 | 68,011 | 85,144 | 148,649 | 169,669 | 164,641 | 113,045 | 80,455 | 146,557 | 99,098 | 71,380 | 146,411 | 13,765 | 70,542 | |||||||||||
note payable-related party | 300,000 | 2,000,000 | 2,000,000 | 50,000 | |||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||
total stockholders' equity | 8,572,990 | 1,633,142 | 2,908,986 | -48,944 | 23,109 | 481 | |||||||||||||||||||
total liabilities and stockholders' equity | 9,456,377 | 2,353,151 | 3,071,106 | 110,886 | 37,727 | 34,452 | |||||||||||||||||||
right of use asset | 19,043 | ||||||||||||||||||||||||
operating lease liability | 19,331 | 19,652 | |||||||||||||||||||||||
notes payable-related party | 1,475,631 | ||||||||||||||||||||||||
finance lease liabilities-current portion | 106,031 | 25,506 | |||||||||||||||||||||||
finance lease liabilities-net of currnt portion | 83,856 | ||||||||||||||||||||||||
subscription payable | 66,900 | ||||||||||||||||||||||||
right of use asset-net | 19,218 | ||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||
customer deposits | |||||||||||||||||||||||||
note payable | 90,000 | ||||||||||||||||||||||||
inventories | 54,606 | 4,133 | 8,048 | 27,986 | |||||||||||||||||||||
vat receivable | 229 | 237 | |||||||||||||||||||||||
property and equipment-net | 3,816 | ||||||||||||||||||||||||
deposit on acquisition | 1,850,000 | ||||||||||||||||||||||||
due to related parties | 40,905 | ||||||||||||||||||||||||
notes payable | 40,000 | 41,797 | |||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||
common stock to be issued | 277,500 | ||||||||||||||||||||||||
short-term debt to related parties | 8,888 | 16,654 | |||||||||||||||||||||||
current portion of long-term debt | 1,581 | 900 | |||||||||||||||||||||||
long-term debt- less current portion | 275 | ||||||||||||||||||||||||
accumulated other comprehensive income | 1,709 | 1,295 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-04-30 | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-01-31 | 2019-10-31 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||
net loss | -1,241,956 | -968,059 | -3,872,367 | -2,000,337 | -1,388,869 | -5,516,438 | -1,362,637 | -1,705,465 | -1,898,077 | -1,880,966 | -1,759,946 | -829,173 | -1,015,229 | -1,679,325 | -1,075,485 | -1,038,675 | -689,989 | -3,768,425 | -1,571,821 | -519,923 | -315,957 | -2,252,196 | -944,435 | -753,274 | -515,750 | -488,620 | -1,878,772 | -448,098 |
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||
depreciation and amortization | 34,177 | 35,879 | 43,056 | 57,382 | 57,480 | 72,855 | 73,149 | 69,949 | 69,101 | 69,340 | 67,871 | 75,310 | 75,201 | 74,218 | 99,779 | 78,671 | 77,475 | 73,361 | 79,558 | 79,560 | 76,262 | 76,546 | 18,048 | 18,046 | -22,516 | 59,180 | ||
operating lease expense | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 7,839 | 7,845 | 7,845 | 7,845 | 7,845 | ||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | -39,875 | 0 | ||||||||||||||||||||||||
goodwill and intangible impairment | ||||||||||||||||||||||||||||
stock-based compensation-shares issued for services | 0 | 0 | 41,050 | 63,350 | ||||||||||||||||||||||||
stock-based compensation-options and warrants | 552,458 | 98,513 | ||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||
accounts receivable | 115,772 | 29,158 | 13,242 | -66,668 | -20,289 | 35,783 | -41,619 | 17,133 | 63,505 | -85,508 | 53,783 | -70,648 | -51,596 | -32,590 | 66,102 | -47,459 | -27,718 | 80,031 | -132,646 | -18,687 | 59,156 | -1,447 | 81,105 | -94,193 | ||||
prepaid expenses | -68,483 | 41,857 | 7,173 | -70,410 | 40,568 | 18,828 | -19,251 | -69,199 | 84,631 | 178,437 | 168,543 | -189,368 | -3,354 | 60,180 | 34,906 | -61,795 | -28,744 | -256,152 | -73,193 | -31,085 | -10,042 | 0 | 73,750 | -25,417 | -22,542 | -14,680 | 40,989 | 54,011 |
inventories | -3,507 | 18,011 | 2,033 | 77,293 | -3,283 | -43,742 | 55,561 | -53,840 | -1,415 | 6,036 | -17,720 | 24,576 | 47,838 | -45,012 | -22,493 | -34,297 | 4,115 | -6,711 | -52,337 | 17,666 | -37,418 | |||||||
deferred revenue | -89,897 | 113,329 | -12,445 | -25,261 | -111,200 | -62,988 | 39,292 | -89,769 | 111,843 | -11,993 | -48,395 | 29,193 | 25,794 | -39,087 | 56,076 | 15,928 | 23,719 | |||||||||||
operating lease liability | -7,207 | -7,045 | -7,039 | -6,579 | -6,579 | -8,864 | -8,664 | -8,460 | -8,288 | -8,092 | -7,911 | -7,732 | -7,557 | 4,223 | -12,140 | -14,369 | -14,001 | 0 | -4,856 | -4,746 | ||||||||
accounts payable and accrued expenses | 136,539 | -102,473 | -470,623 | 671,189 | 22,850 | -193,333 | 113,327 | -210,357 | 313,974 | 345,710 | -108,916 | -46,975 | 9,074 | -1,162 | -85,020 | 85,421 | -104,099 | -2,865 | -187,053 | 102,683 | -58,024 | 115,835 | 328,189 | 73,385 | 121,451 | 97,210 | -3,305 | 64,846 |
net cash from operating activities | -563,104 | -731,830 | -1,752,487 | -1,313,341 | -1,336,972 | -1,239,244 | -1,009,647 | -1,543,747 | -833,926 | -718,240 | -1,064,270 | -995,135 | -749,864 | -814,005 | -520,443 | -908,493 | -744,257 | -1,232,434 | -1,208,845 | -88,529 | -279,415 | -83,146 | -117,539 | -266,363 | -282,894 | -439,630 | -355,501 | -27,441 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -563,104 | -731,830 | -1,752,487 | -1,313,341 | -1,336,972 | -1,239,244 | -1,009,647 | -1,543,747 | -833,926 | -718,240 | -1,064,270 | -995,135 | -749,864 | -814,005 | -520,443 | -908,493 | -744,257 | -1,232,434 | -1,208,845 | -88,529 | -279,415 | -83,146 | -117,539 | -266,363 | -282,894 | -439,630 | -355,501 | -27,441 |
cash flows from investing activities: | ||||||||||||||||||||||||||||
purchase of equipment | 0 | 0 | 0 | -5,324 | 0 | -46,958 | -38,890 | -6,195 | -49,137 | 0 | 0 | -2,624 | -10,023 | -1,272 | -24,206 | -43,803 | -30,207 | -1,992 | -10,617 | -38,779 | 0 | 0 | ||||||
net cash from investing activities | 0 | 0 | 0 | -5,324 | 0 | -46,958 | -38,890 | -6,195 | -49,137 | 0 | 0 | -2,624 | -10,023 | -1,272 | -24,206 | -43,803 | -38,779 | 0 | -400,000 | |||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||
proceeds from note payable-related party | 0 | 0 | 0 | 300,000 | 0 | 0 | ||||||||||||||||||||||
proceeds from the exercise of employee stock options | 0 | 75,000 | ||||||||||||||||||||||||||
proceeds from sale of common stock and exercise of warrants | 0 | 0 | ||||||||||||||||||||||||||
purchase of treasury stock | -240 | 0 | -29,570 | -89,196 | ||||||||||||||||||||||||
payment on note payable | -5,569 | -5,490 | -5,437 | -5,364 | -5,326 | -5,268 | -5,175 | -5,136 | -5,081 | -5,004 | -4,960 | -4,915 | -4,877 | -6,610 | -6,525 | -692 | -3,968 | -807 | -3,476 | |||||||||
net cash from financing activities | -5,569 | -5,490 | 69,563 | 5,344,345 | -5,326 | -147,224 | -5,175 | -5,136 | 8,694,919 | -5,004 | -4,960 | 2,051,613 | 45,123 | -6,850 | -6,525 | 266,613 | -93,164 | 669,165 | 6,391,923 | -7,350 | 576,955 | 41,747 | 30,250 | 350,000 | 500,008 | 0 | 1,456,439 | 27,441 |
net change in cash | -568,673 | -737,320 | -1,682,924 | 4,031,004 | -1,347,622 | -1,386,468 | -1,061,780 | -1,587,773 | 7,854,798 | -772,381 | -1,069,230 | 1,056,478 | -707,365 | -830,878 | -528,240 | -666,086 | -881,224 | -593,476 | 5,181,086 | -106,496 | 258,761 | -41,399 | -87,289 | 83,637 | ||||
cash and cash equivalents - beginning of period | 4,574,857 | 0 | 0 | 0 | 4,311,719 | 0 | 0 | 0 | 492,942 | 0 | 0 | 0 | 1,985,440 | 0 | 0 | 0 | 4,891,868 | 0 | 0 | 0 | 151,993 | 0 | 0 | 0 | ||||
cash and cash equivalents - end of period | 4,006,184 | -737,320 | -1,682,924 | 4,031,004 | 2,964,097 | -1,386,468 | -1,061,780 | -1,587,773 | 8,347,740 | -772,381 | -1,069,230 | 1,056,478 | 1,278,075 | -830,878 | -528,240 | -666,086 | 4,010,644 | -593,476 | 5,181,086 | -106,496 | 410,754 | -41,399 | -87,289 | 83,637 | 217,108 | -839,636 | ||
supplementary information: | ||||||||||||||||||||||||||||
cash paid for: | ||||||||||||||||||||||||||||
interest | 1,250 | 0 | 0 | 629 | 621 | 5,020 | 0 | 0 | 611 | 0 | 4,945 | 682 | 1,725 | -8,239 | 3,966 | 4,429 | 4,110 | 9,151 | 5,387 | 1,345 | 2,715 | 4,067 | ||||||
income taxes | 0 | |||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||||||||
cashless conversion of warrants | 0 | 0 | ||||||||||||||||||||||||||
measurement of operating lease right-of-use assets and liabilities | 108,000 | |||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash | ||||||||||||||||||||||||||||
used in operating activities: | ||||||||||||||||||||||||||||
debt settlement issued by the issuance of common stock and warrants | 0 | 2 | ||||||||||||||||||||||||||
preferred shares issued as common stock dividend | 0 | 0 | ||||||||||||||||||||||||||
options exercised in exchange for debt | 0 | |||||||||||||||||||||||||||
measurement of operarating lease right-of-use assets and liabilities | 0 | |||||||||||||||||||||||||||
stock-based compensation-options | 855,600 | 0 | 130,380 | 422,955 | 0 | 75,030 | ||||||||||||||||||||||
cashless conversion of warrant | 46 | |||||||||||||||||||||||||||
reserve for doubtful accounts | 106,528 | 0 | ||||||||||||||||||||||||||
goodwill and intangibles impairment | ||||||||||||||||||||||||||||
stock-based compensation-warrants | 0 | 87,090 | ||||||||||||||||||||||||||
proceeds from secured borrowing liability | 0 | |||||||||||||||||||||||||||
issuance of common stock for extinguishment of debt | ||||||||||||||||||||||||||||
treasury stock and warrants issued for services | ||||||||||||||||||||||||||||
proceeds from secured loan liability | ||||||||||||||||||||||||||||
proceeds from sale of common stock and warrants | 0 | 0 | 8,400,000 | |||||||||||||||||||||||||
cashless exercise of warrants | 0 | |||||||||||||||||||||||||||
treasury stock issued for services | 20,055 | |||||||||||||||||||||||||||
treasury stock and warrants issued for termination agreement | ||||||||||||||||||||||||||||
goodwill impairment | ||||||||||||||||||||||||||||
proceeds from exercise of warrants | 880,470 | 0 | 0 | |||||||||||||||||||||||||
adoption of asc 842 operating lease asset and liability | 0 | 0 | 0 | 94,134 | 0 | 0 | ||||||||||||||||||||||
promissory note on equipment purchase | -10,049 | 0 | 10,360 | 22,483 | ||||||||||||||||||||||||
common stock returned in settlement | 0 | 0 | ||||||||||||||||||||||||||
amortization of right of use asset | 7,845 | 7,845 | -3,765 | 12,611 | 14,982 | 14,985 | 0 | 4,804 | 4,804 | |||||||||||||||||||
common stock and treasury stock issued for services | ||||||||||||||||||||||||||||
effect of exchange rate on cash | 0 | 0 | -6 | -6 | ||||||||||||||||||||||||
proceeds from line of credit | 50,000 | |||||||||||||||||||||||||||
amortization of debt discount | 0 | 24,369 | 36,554 | 36,554 | 69,630 | |||||||||||||||||||||||
common stock issued for services | 0 | 0 | ||||||||||||||||||||||||||
proceeds from sale of common stock | 0 | 0 | 0 | 583,000 | 0 | 500,000 | 0 | |||||||||||||||||||||
proceeds from sale of common stock in public offering | 0 | |||||||||||||||||||||||||||
proceeds from the exercise of warrants | 0 | 0 | ||||||||||||||||||||||||||
payment on related party note payable | 0 | |||||||||||||||||||||||||||
payment on finance leases | -106,031 | -3,331 | ||||||||||||||||||||||||||
common stock issued for settlement of notes payable | 0 | |||||||||||||||||||||||||||
common stock issued for prepaid consulting | 0 | 0 | 0 | 400,000 | ||||||||||||||||||||||||
non-cash payment for license agreement | 0 | 0 | 0 | 57,000 | ||||||||||||||||||||||||
common stock issued for subscription payable | 0 | 70,000 | ||||||||||||||||||||||||||
settlement of liabilities for common stock | ||||||||||||||||||||||||||||
deemed dividend in connection with warrant round down | 0 | |||||||||||||||||||||||||||
cashless exercise of warrant | 0 | |||||||||||||||||||||||||||
loss on extinguisment of debt | -9,814 | 0 | ||||||||||||||||||||||||||
options issued for services | ||||||||||||||||||||||||||||
expenses paid on behalf of the company by related party | 8,999 | |||||||||||||||||||||||||||
gain on change in fair value of derivative | ||||||||||||||||||||||||||||
early prepayment fee on convertible debentures | 0 | |||||||||||||||||||||||||||
subscription payable | ||||||||||||||||||||||||||||
cash received from acquisition | 0 | |||||||||||||||||||||||||||
proceeds from stock subscription | ||||||||||||||||||||||||||||
proceeds from notes payable | 0 | 25,000 | 100,000 | 0 | 25,000 | |||||||||||||||||||||||
payment on convertible debt | ||||||||||||||||||||||||||||
proceeds from related parties | -6,067 | 30,730 | 0 | 2,500 | ||||||||||||||||||||||||
payment of related party payables | -2,932 | -25,480 | ||||||||||||||||||||||||||
derivative liability warrant reclassed to equity | 0 | |||||||||||||||||||||||||||
common stock and note issued in acquisition | ||||||||||||||||||||||||||||
common stock issued for settlement of liabilities | ||||||||||||||||||||||||||||
stock-based compensation | 529,400 | 97,500 | 127,500 | 1,954,875 | 0 | 0 | 0 | 0 | 1,486,450 | 277,500 | ||||||||||||||||||
deposit on sales | 174,878 | |||||||||||||||||||||||||||
cash flows from investing activities: - sum | ||||||||||||||||||||||||||||
common issued for subscription payable | ||||||||||||||||||||||||||||
account receivable | -41,463 | |||||||||||||||||||||||||||
customer deposits | -16,952 | 0 | ||||||||||||||||||||||||||
payment of convertible debt | ||||||||||||||||||||||||||||
payment of finance leases | -6,045 | |||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | ||||||||||||||||||||||||||||
common stock issued for settlement of debt | ||||||||||||||||||||||||||||
derivative expense | 415,514 | |||||||||||||||||||||||||||
gain on forgiveness of loan payment | ||||||||||||||||||||||||||||
proceeds from convertible debt | ||||||||||||||||||||||||||||
payment of notes payable | -3,300 | |||||||||||||||||||||||||||
common stock and note issued for acquisition | ||||||||||||||||||||||||||||
debt discount on convertible notes | 0 | |||||||||||||||||||||||||||
common stock issued for accounts payable | ||||||||||||||||||||||||||||
loss on change in fair value of derivative | ||||||||||||||||||||||||||||
inventory | ||||||||||||||||||||||||||||
proceeds from sale of convertible debt and warrants | ||||||||||||||||||||||||||||
common stock and note payable issued in acquisition | ||||||||||||||||||||||||||||
payment on acquisition | ||||||||||||||||||||||||||||
payment of bank overdraft | ||||||||||||||||||||||||||||
common stock to be issued for services | 277,500 | |||||||||||||||||||||||||||
common issued for services | ||||||||||||||||||||||||||||
details of acquisition: | ||||||||||||||||||||||||||||
assets purchased | ||||||||||||||||||||||||||||
equipment | 60,065 | |||||||||||||||||||||||||||
intangible asset | ||||||||||||||||||||||||||||
liabilities assumed | ||||||||||||||||||||||||||||
net assets purchased | 0 | |||||||||||||||||||||||||||
common stock issued | 0 | |||||||||||||||||||||||||||
cash paid | 0 | |||||||||||||||||||||||||||
common stock issued for deposit on acquisition | ||||||||||||||||||||||||||||
intangible impairment charge | ||||||||||||||||||||||||||||
cash paid for acquisition | ||||||||||||||||||||||||||||
(payment) proceeds from bank overdraft | ||||||||||||||||||||||||||||
proceeds from advances of related parties | ||||||||||||||||||||||||||||
payment of related party advances | 8 | |||||||||||||||||||||||||||
common stock issued for patents | ||||||||||||||||||||||||||||
intangibles | -60,065 | |||||||||||||||||||||||||||
expenses paid on behalf of company by related party | 0 | 0 | 24,300 | |||||||||||||||||||||||||
payment on bank overdraft | 0 | |||||||||||||||||||||||||||
proceeds from notes | ||||||||||||||||||||||||||||
payment of notes | ||||||||||||||||||||||||||||
proceeds from advances from related parties | ||||||||||||||||||||||||||||
net increase in cash | -839,636 | |||||||||||||||||||||||||||
supplementary disclosure of non-cash investing and financing activities | ||||||||||||||||||||||||||||
supplementary disclosure of non-cash investing and financing activites | ||||||||||||||||||||||||||||
change in bank overdraft | -59 | |||||||||||||||||||||||||||
accounts payable and accrued expense-related party | ||||||||||||||||||||||||||||
proceeds from bank overdraft | ||||||||||||||||||||||||||||
proceeds from short-term debt | ||||||||||||||||||||||||||||
common stock issued for prepaid services | ||||||||||||||||||||||||||||
common stock returned and cancelled | ||||||||||||||||||||||||||||
common stock issued for purchase of patents | ||||||||||||||||||||||||||||
common stock issued for acquisition | ||||||||||||||||||||||||||||
common stock issued for founder shares | ||||||||||||||||||||||||||||
details of acquistion | ||||||||||||||||||||||||||||
net liabilities incurred |