All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
INNOVATION1 BIOTECH INC. Last Reported: 11/30/2023 Stock Symbol:

Business Address

179 RTE 46W, SUITE 15 #147

ROCKAWAY , NJ US 07866

Mailing Address

179 RTE 46W, SUITE 15 #147

ROCKAWAY , NJ US 07866
Phone Number: 929-459-4966 / State Incorporated: NV / Fiscal Year End 8 /31

Balance Sheet

Date 2/28/2023 11/30/2022 8/31/2022 5/31/2022 2/28/2022 11/30/2021 8/31/2021 5/31/2021 2/28/2021 11/30/2020 8/31/2020 5/31/2020 2/29/2020 11/30/2019 8/31/2019 5/31/2019 2/28/2019 11/30/2018 8/31/2018 7/31/2018 5/31/2018 2/28/2018 11/30/2017 8/31/2017 5/31/2017 2/28/2017 11/30/2016 8/31/2016 5/31/2016 2/29/2016 11/30/2015 8/31/2015 5/31/2015 2/28/2015 11/30/2014 8/31/2014
Cash and Cash Equivalents -- -- $156,486.00 $636,159.00 $1,310,285.00 $2,933,712.00 $137,476.00 $31,202.00 $25,294.00 $29,550.00 $17,881.00 $33,739.00 $43,286.00 $41,446.00 $18,975.00 $13,935.00 -- $246,622.00 $774,468.00 -- $7,493.00 -- -- $25.00 -- -- -- -- -- -- -- -- -- -- -- --
Accounts Receivable Net Current -- -- -- -- -- -- -- -- -- $3,080.00 -- -- -- $299.00 -- $3,722.00 $3,722.00 $428.00 $428.00 -- $428.00 $268.00 -- -- -- -- -- -- -- -- -- -- -- -- -- --
Inventory -- -- -- -- -- -- $17,000.00 $17,350.00 $36,450.00 $36,450.00 $37,450.00 $310,891.00 $461,766.00 $299,695.00 $203,563.00 $277,067.00 $352,223.00 $318,492.00 $53,110.00 -- $38,476.00 $38,476.00 -- -- -- -- -- -- -- -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets $141,995.00 $120,741.00 $286,956.00 $820,406.00 $1,520,355.00 $2,949,162.00 $168,476.00 $51,552.00 $128,825.00 $182,112.00 $202,128.00 $641,195.00 $625,512.00 $362,216.00 $248,149.00 $324,724.00 $462,728.00 $595,542.00 $858,006.00 -- $66,197.00 $63,366.00 $60,193.00 $25.00 -- -- -- -- -- -- -- -- -- -- -- --
Property Plant and Equipement $2,092.00 $2,353.00 $2,615.00 $2,876.00 $3,138.00 -- $598.00 $897.00 $1,196.00 $1,582.00 $2,012.00 $4,625.00 $5,279.00 $5,932.00 $6,585.00 $3,951.00 $4,305.00 $4,659.00 $1,937.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Other Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets $3,835,843.00 $4,245,284.00 $43,963,413.00 $81,162,939.00 $82,763,415.00 $84,378,669.00 $181,886.00 $63,174.00 $138,658.00 $190,244.00 $208,603.00 $650,724.00 $632,471.00 $369,828.00 $256,414.00 $331,475.00 $469,833.00 $603,001.00 $862,743.00 -- $71,140.00 $68,515.00 $62,993.00 $2,825.00 $2,901.00 $191.00 $473.00 $5,108.00 $5,107.00 $1,079.00 $3,856.00 $587.00 -- -- -- --
Accounts Payable $317,778.00 $204,242.00 $106,215.00 $133,578.00 -- -- -- -- -- -- -- -- -- -- -- -- $48,383.00 $27,266.00 $95,287.00 -- $2,179.00 $2,084.00 $1,460.00 -- $677.00 $1,492.00 $73.00 $22,000.00 $15,000.00 -- $1,113.00 -- -- -- -- --
Accrued Liabilities $558,299.00 $98,870.00 $156,535.00 $35,555.00 $12,514.00 $103,298.00 $2,056.00 -- -- -- -- -- -- $2,079.00 $1,014.00 $845.00 $599.00 $599.00 $475.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Liabilities $2,357,335.00 $2,161,947.00 $41,110,839.00 $40,873,763.00 $40,676,792.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $76,681.00 $65,164.00 $60,979.00 $56,560.00 $49,187.00 $42,187.00 $27,177.00 $24,790.00 $13,677.00 -- -- -- --
Long Term Debt -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Additional Paid-in Capital -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $882,852.00 $867,949.00 $867,949.00 -- $-45,706.00 $-45,706.00 $-145,563.00 $-43,619.00 $-43,619.00 $-43,619.00 $-43,619.00 $-43,619.00 $-43,620.00 $-27,500.00 -- $-27,500.00 -- -- -- --
Accumulated Other Comprehensive Loss -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Deficit $-53,427,910.00 $-45,370,280.00 $-44,551,043.00 $-7,114,440.00 $-5,316,993.00 $-3,350,368.00 $-2,973,628.00 $-2,790,889.00 $-3,548,396.00 $-4,093,770.00 $-3,843,927.00 $-3,096,557.00 $-3,138,193.00 $-1,495,983.00 $-1,213,559.00 $-1,131,629.00 $-1,096,597.00 $-1,097,175.00 $-993,192.00 -- $-177,111.00 $-158,141.00 $-36,243.00 $-88,948.00 $-73,782.00 $-69,807.00 $-65,106.00 $-53,098.00 $-46,098.00 $-31,098.00 $-25,934.00 $-18,090.00 -- -- -- --
Total Stockholders' Equity $1,478,508.00 $2,083,337.00 $2,852,574.00 $40,289,176.00 $42,086,623.00 $44,053,248.00 $-224,839.00 $-42,100.00 $-2,382,476.00 $-2,927,851.00 $-2,678,007.00 $-1,930,637.00 $-1,972,273.00 $-250,063.00 $32,361.00 $79,372.00 $87,840.00 $71,892.00 $175,875.00 -- $-89,951.00 $-70,981.00 $-25,129.00 $-13,276.00 $-62,263.00 $-60,788.00 $-56,087.00 $-44,079.00 $-37,080.00 $-26,098.00 $-20,934.00 $-13,090.00 -- -- -- $-3,567.00
Controlling Interest in Subsidiaries -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Liabilities and Equity $3,835,843.00 $4,245,284.00 $43,963,413.00 $81,162,939.00 $82,763,415.00 $84,378,669.00 $181,886.00 $63,174.00 $138,658.00 $190,244.00 $208,603.00 $650,724.00 $632,471.00 $369,828.00 $256,414.00 $331,475.00 $469,833.00 $603,001.00 $862,743.00 -- $71,140.00 $68,515.00 $62,993.00 $6,752.00 $2,901.00 $191.00 $473.00 $5,108.00 $5,107.00 $1,079.00 $3,856.00 $587.00 -- -- -- --

Statement of Operations

Date 2/28/2023 11/30/2022 8/31/2022 5/31/2022 2/28/2022 11/30/2021 8/31/2021 5/31/2021 2/28/2021 11/30/2020 8/31/2020 5/31/2020 2/29/2020 11/30/2019 8/31/2019 5/31/2019 2/28/2019 11/30/2018 8/31/2018 7/31/2018 5/31/2018 2/28/2018 11/30/2017 8/31/2017 5/31/2017 2/28/2017 11/30/2016 8/31/2016 5/31/2016 2/29/2016 11/30/2015 8/31/2015 5/31/2015 2/28/2015 11/30/2014 8/31/2014
Total Revenues -- -- -- -- -- -- $3,080.00 $3,080.00 $3,080.00 $3,080.00 $1,181.00 $1,181.00 -- $633.00 $79,246.00 $81,233.00 $62,259.00 $1,128.00 $16,771.00 -- $5,043.00 $10,286.00 $5,140.00 -- -- -- -- -- -- -- -- -- -- -- -- --
Cost of Revenues -- -- -- -- -- -- $1,421.00 $1,421.00 -- $1,421.00 $2,964.00 $214,343.00 $1,552.00 $1,552.00 $89,201.00 $64,444.00 $27,867.00 $30,063.00 $81,025.00 -- $26,257.00 $19,231.00 $3,983.00 -- -- -- -- -- -- -- -- -- -- -- -- --
Gross Profit -- -- -- -- -- -- $1,659.00 $1,659.00 $1,659.00 $1,659.00 $-1,783.00 $-213,162.00 $-919.00 $-919.00 $-9,955.00 $16,789.00 $34,392.00 $-28,935.00 $-64,254.00 -- $-10,928.00 $-8,945.00 $1,157.00 -- -- -- -- -- -- -- -- -- -- -- -- --
Research and Development $15,000.00 $15,000.00 $201,165.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Operating Expenses $736,281.00 $628,820.00 $41,029,893.00 $3,738,811.00 $1,782,362.00 $361,072.00 $240,650.00 $162,208.00 $56,274.00 $58,834.00 $215,095.00 $151,682.00 $102,354.00 $54,301.00 $616,776.00 $505,930.00 $188,677.00 $162,663.00 $371,864.00 -- $16,864.00 $135,491.00 $23,819.00 $35,850.00 $3,975.00 $4,701.00 $-12,008.00 $35,008.00 $28,008.00 $13,008.00 $-7,844.00 $-14,523.00 $11,611.00 $-2,034.00 $-5,757.00 --
Loss from Operations $-1,365,102.00 $-628,820.00 $-41,029,893.00 $-3,738,811.00 $-2,143,434.00 $-361,072.00 $-238,991.00 $-160,549.00 $-56,274.00 $-57,175.00 $-216,878.00 $-364,844.00 $-103,272.00 $-57,102.00 $-626,731.00 $-489,141.00 $-154,285.00 $-191,598.00 $-436,118.00 -- $-18,847.00 $-144,436.00 $-22,662.00 $-13,476.00 -- -- -- -- -- $31,098.00 $25,934.00 -- -- -- -- --
Loss Before Income Taxes -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Basic -- $-0.04 $-2.73 $-0.27 $-0.09 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Basic -- -- 15,225,781 15,225,781 12,788,818 5,636,864 188,094 187,918 187,563 187,194 92,480,448 -- 390,016 439,375 134,300,278 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Shares Authorized 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 -- 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 -- -- -- --
Common Stock Shares Outstanding 20,020,239 20,020,239 20,020,239 20,020,239 20,020,239 20,020,239 188,616 188,616 188,616 187,194 187,194 57,636,720 57,636,720 135,509,220 135,280,651 133,900,130 133,104,543 132,637,500 132,637,500 -- 132,866,071 132,866,071 132,723,215 62,637,500 52,637,500 52,637,500 52,637,500 52,637,500 52,637,500 32,500,000 5,000,000 5,000,000 -- -- -- --
Common Stock Value $20,020.00 $20,020.00 $20,020.00 -- $20,020.00 $20,020.00 $188.00 $188.00 $188.00 $187.00 $57,637.00 $57,637.00 $57,637.00 $135,510.00 $135,281.00 $134,001.00 $133,105.00 $132,638.00 $132,638.00 -- $132,866.00 $132,866.00 $132,723.00 $62,638.00 $52,638.00 $52,638.00 $52,638.00 $52,638.00 $52,638.00 $32,500.00 $5,000.00 $5,000.00 -- -- -- --
Common Stock Par Or Stated Value Per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- -- -- --
Payments Of Dividends Common Stock -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Authorized -- -- -- -- -- -- -- -- 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 25,000,000 -- -- -- 25,000,000 -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Outstanding -- -- -- -- -- -- -- -- 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 8,480,000 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Value -- -- -- -- -- -- -- -- $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 $8,480.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Par Or Stated Value Per Share -- -- -- -- -- -- -- -- $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- -- -- -- $0.00 -- -- -- -- -- -- -- -- -- -- -- --
Share Price -- -- -- -- $0.00 $0.00 $0.00 -- -- -- -- -- -- $0.13 $0.13 $0.13 $0.13 $0.13 $0.13 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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