IVDN · Innovative Designs Inc
Substantial doubt about the company's ability to continue as a going concern.
“The Company had a net income of $267,201 and a negative cash flow of $126,002 from operation activities for the three-month period ending April 30, 2026. In addition, the Company has an accumulated deficit of ($9,777,629). Management's plans include cash receipts through sales, sales of Company stock, and borrowings from private parties. These factors raise substantial doubt regarding the Company's ability to continue as a going concern for a period of one year from the issuance of these condensed financial statements.”View the 10-Q filed Jun 17, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-08-04 | Spagnolo John JR |
Director |
Buy↑
|
Common Stock
|
10,000 |
| 2025-07-01 | Spagnolo John JR |
Director |
Buy↑
|
Common Stock
|
2,500 |
| 2025-06-06 | Spagnolo John JR |
Director |
Buy↑
|
Common Stock
|
1,000 |
| 2025-05-02 | Spagnolo John JR |
Director |
Buy↑
|
Common Stock
|
2,000 |
| 2024-01-16 | Garlotta Donald Vincent |
Director |
Buy↑
Filing footnotes — COMMON STOCK (Direct)
The reporting person was granted these securities for his services |
COMMON STOCK
|
40,000 |
| 2023-05-30 | Adams Robert Kennedy |
Director |
Buy↑
Filing footnotes — Common Stock Purchase Warrant (Direct)
The Reporting Person purchased in a Unit offering with each Unit containing one share of common stock and one warrant to purchase a share of common stock. The price of each Unit was twenty ($.20) cents. |
Common Stock Purchase Warrant
|
500,000 |
| 2023-05-30 | Adams Robert Kennedy |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting Person purchased in a Unit offering with each Unit containing one share of common stock and one warrant to purchase a share of common stock. The price of each Unit was twenty ($.20) cents. |
Common Stock
|
500,000 |
| 2022-02-02 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting person was granted the securities by the Board of Directors for his services. |
Common Stock
|
300,000 |
| 2022-02-01 | RAINS DANIEL P |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting person was granted the securities by the Board of Directors for his services as a Director. |
Common Stock
|
25,000 |
| 2022-02-01 | Kolocouris Dean |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting person was granted the securities by the Board of Directors for his services as a Director. |
Common Stock
|
25,000 |
| 2022-02-01 | Kolocouris Dean |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting person was granted the securities by the Board of Directors for his services as a Director. |
Common Stock
|
25,000 |
| 2021-05-19 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Sell↓
Filing footnotes — Common Stock (Indirect)
The Reporting Person is the trustee for a trust for the benefit of his son. |
Common Stock
(I)
|
23,622 |
| 2021-05-19 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Sell↓
Filing footnotes — Common Stock (Indirect)
The Reporting Person is the trustee for a trust for the benefit of his son. |
Common Stock
(I)
|
5,900 |
| 2021-05-19 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
The Reporting Person intends to use the net proceeds after taxes from all sales made herein to loan the funds to the Company |
Common Stock
|
80,875 |
| 2021-02-05 | RAINS DANIEL P |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting Person was granted the securities by the Board of Directors for his services as a Director. |
Common Stock
|
25,000 |
| 2021-02-05 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting Person was granted the securities by the Board of Directors for his services. |
Common Stock
|
250,000 |
| 2021-02-05 | Kolocouris Dean |
Director |
Buy↑
Filing footnotes — Common Stock (Direct)
The Reporting Person was granted the securities by the Board of Directors for his services as a Director. |
Common Stock
|
25,000 |
| 2020-10-13 | RICCELLI JOSEPH |
Director, CEO, 10% Owner |
Sell↓
|
Common Stock
|
5,000 |