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IVDN on OTC

INNOVATIVE DESIGNS INC

INNOVATIVE DESIGNS INC is an American miscellaneous fabricated textile products company.1 It is headquartered in Pittsburgh, Pennsylvania.1 Its shares trade on OTC under the symbol IVDN.1

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Last updated Oct 21, 2026.

Overview

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  • TickerIVDN on OTC1
  • IndustryMiscellaneous Fabricated Textile Products1
  • HeadquartersPittsburgh, Pennsylvania1
  • Incorporated inDE2
  • Business address124 Cherry St., Ste 1, Pittsburgh, Pa 152232
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

18.1%Operating margin3
17.9%Net margin3
100.0%Revenue growth, 20253
24.0%Return on equity3
0.00×Debt to equity3
$449.2KFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin31¢$859.1K
  • Other costs51¢$1.4M
  • Interest0¢$1.3K
  • Profit18¢$494.7K

Out of $2.8M in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$10.7K
  • Kept or used elsewhere98¢$449.2K

Out of $459.8K of cash from operations.3

Financial statements

Revenue456783$2.8M in 2025+1180% since 2019
0$1.0M$2.0M$3.0M2019: $216.0K$216.0K20192020: $202.3K$202.3K2020−6%2021: $225.6K$225.6K2021+12%2022: $258.7K$258.7K2022+15%2023: $347.8K$347.8K2023+34%2024: $1.4M$1.4M2024+298%2025: $2.8M$2.8M2025+100%
Operating income456783$500.6K in 2025
-$1.0M-$500.0K0$500.0K$1.0M2019: -$487.7K-$487.7K20192020: -$270.2K-$270.2K2020−45%2021: -$282.8K-$282.8K2021+5%2022: -$554.4K-$554.4K2022+96%2023: -$248.1K-$248.1K2023−55%2024: $133.2K$133.2K20242025: $500.6K$500.6K2025+276%
Net income456783$494.7K in 2025
-$1.0M-$500.0K0$500.0K2019: -$520.6K-$520.6K20192020: -$280.7K-$280.7K2020−46%2021: -$322.7K-$322.7K2021+15%2022: -$225.5K-$225.5K2022−30%2023: -$301.4K-$301.4K2023+34%2024: $96.9K$96.9K20242025: $494.7K$494.7K2025+410%

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-10-312024-10-31
REVENUES, net$2.8M$1.4M
Cost of sales$1.4M$753.7K
Selling, general and administrative expenses$859.1K$495.8K
TOTAL OPERATING EXPENSES$2.3M$1.2M
Income (loss) from operations$500.6K$133.2K
Interest Income$980
Depreciation Expense-$8.2K
Interest expense$1.3K-$36.3K
Total other income (expense)-$5.9K-$36.3K
NET INCOME (LOSS)$494.7K$96.9K
Net income (loss) per common share$0.01$0.00
Weighted average number of common shares38.3M shares37.3M shares

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What it owns

What INNOVATIVE DESIGNS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$57.2K3 Oct 31, 2025$46.6K3 Oct 31, 2024+22.9%
Accumulated depreciation$26.7K3 Oct 31, 2025$18.5K3 Oct 31, 2024+44.3%
Property and equipment, net$30.5K3 Oct 31, 2025$28.1K3 Oct 31, 2024+8.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$537.7K3 Oct 31, 2025$498.8K3 Oct 31, 2024+7.8%

Properties, in its own words

We lease warehouse space for our inventory and raw materials at 124 Cherry Street, Etna, Pennsylvania. We also use this space as our principal executive offices. This facility encompasses 13,000 square feet of storage space on the first floor and 2,000 square feet for our sales department offices located on the second floor. We have entered into a verbal agreement with the owner of the building, and we pay $3,500 per month for the space. This facility is composed of:

(a) warehouse and storage areas including four (4) shipping bays and a distribution area consisting of square footage to store upward of 250,000 finished goods products; and (b) four (4) offices, one (1) conference room, with presentation area and sample display and (2) bathrooms totaling approximately 2,000 square feet located on the second floor. Mr. Frank Riccelli is the uncle to our Chief Executive Officer and the owner of the property. The condition of our leased property is good and suitable for our needs.

Item 2 of the 10-K filed Jan 30, 2026.13

Leadership

Who has led INNOVATIVE DESIGNS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph Riccelli2007–2022

Chief financial officer

  1. Joseph Riccelli2008–2012
2010201520202025
Board members and other officers (7)

Timeline

  1. Jun 20, 20258-K Change of auditor22
  2. Jan 22, 20258-K Executive or director change23
  3. Dec 30, 20248-K Executive or director change24
  4. Oct 30, 20248-K Executive or director change25
  5. Oct 9, 20248-K Executive or director change26
  6. Sep 27, 20248-K Executive or director change27
  7. Jun 20, 20248-K Change of auditor28
  8. Jun 6, 20248-K Change of auditor29
  9. Nov 28, 20228-K Change of auditor30
  10. Mar 3, 20228-K Change of auditor31
  11. Apr 20, 2007New chief executive Joseph Riccelli becomes CEO14

Filings

51 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 10 major events, 10 insider forms, 9 other. The latest 20:

  1. Sep 16, 202610-Q EDGAR
  2. Jun 17, 202610-Q EDGAR
  3. May 18, 202610-K/A EDGAR
  4. Mar 18, 202610-Q EDGAR
  5. Jan 30, 202610-K EDGAR
  6. Oct 9, 20254 EDGAR
  7. Sep 15, 202510-Q EDGAR
  8. Jun 20, 20258-K EDGAR
  9. Jun 12, 202510-Q EDGAR
  10. Mar 20, 202510-Q EDGAR
  11. Mar 17, 2025NT 10-Q EDGAR
  12. Feb 20, 202510-K EDGAR
  13. Jan 31, 2025NT 10-K EDGAR
  14. Jan 22, 20258-K EDGAR
  15. Dec 30, 20248-K EDGAR
  16. Dec 23, 202410-Q EDGAR
  17. Oct 30, 20248-K EDGAR
  18. Oct 30, 20243 EDGAR
  19. Oct 9, 20248-K EDGAR
  20. Oct 1, 202410-Q EDGAR

The 51 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 4, 2025Spagnolo John JRDirectorBuy10,000$0.21$2.1KForm 4
Jul 1, 2025Spagnolo John JRDirectorBuy2,500$0.20$500Form 4
Jun 6, 2025Spagnolo John JRDirectorBuy1,000$0.32$320Form 4
May 2, 2025Spagnolo John JRDirectorBuy2,000$0.32$640Form 4
Jan 16, 2024Garlotta Donald VincentDirectorBuy40,000$0.20$8.0KForm 4
May 30, 2023Adams Robert KennedyDirectorBuy500,000$0.20$100.0KForm 4
Feb 2, 2022RICCELLI JOSEPHCEOBuy300,000$0.25$75.0KForm 4
Feb 1, 2022Kolocouris DeanDirectorBuy25,000$0.25$6.2KForm 4
Feb 1, 2022Kolocouris DeanDirectorBuy25,000$0.25$6.2KForm 4
Feb 1, 2022RAINS DANIEL PDirectorBuy25,000$0.25$6.2KForm 4

From Forms 4 filed with the SEC.

SEC filer profile

How INNOVATIVE DESIGNS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARINNOVATIVE DESIGNS INC1
  • CIK0001190370
  • Employer ID (EIN)03-046552813
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
  • Incorporated inDelaware13
  • Fiscal year endsOctober 311
  • Industry code (SIC)2390 Miscellaneous Fabricated Textile Products1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address124 Cherry St., Ste 1, Pittsburgh, PA 152231
  • Phone41279903501
  • Shares outstanding38,504,003 as of Jul 31, 202611
  • Public float$11.1M as of Apr 30, 202513
  • AuditorAsesoria Global, S.A., Guatemala City, Guatemala PCAOB ID 718413
  • On EDGAR sinceSep 16, 20021
  • Filings297 in all: 10-Q (55), 4 (51), 8-K (40), NT 10-Q (24), 10-K (18), 10QSB (16), NT 10-K (14), 3 (11)1
    All 28 form types

    4/A (10), 10-Q/A (8), UPLOAD (8), CORRESP (6), 10-K/A (5), 10KSB (5), SB-2/A (4), 10KSB/A (3), 10QSB/A (3), D (3), S-8 (3), REGDEX (2), 8-A12G (1), 8-K/A (1), DEF 14C (1), NT 10-K/A (1), NT 10-Q/A (1), NTN 10Q (1), PRE 14C (1), SB-2 (1)

  • Latest filingsAnnual report (10-K) Jan 30, 2026
    Quarterly report (10-Q) Sep 16, 2026
    Latest 8-K (8-K) Jun 20, 2025

Risk factors and legal proceedings

Legal proceedings

See Note 15 of the Notes to Financial Statement appearing elsewhere in this Report.

The opening of Item 3, Legal Proceedings.13

Sources

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