{"url_path":"/sec/ivdn/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR","topic":"sec","document":{"doc_type":"10-K/A","doc_date":"2026-05-18","source_url":"https://www.sec.gov/Archives/edgar/data/1190370/0001731122-26-000756-index.html","accession_number":"0001731122-26-000756","cik":"0001190370","ticker":"IVDN","issuer_name":"INNOVATIVE DESIGNS INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1190370/0001731122-26-000756-index.html","primary_entity_key":"0001190370","primary_entity_name":"INNOVATIVE DESIGNS INC"},"word_count":229,"has_tables":true,"body_markdown":"ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR\nINDEPENDENCE.\n\n \n\nOur officers and directors may encounter\nconflicts of interest between our business objectives and their own interests. We have not formulated a policy for th evolution of such\nconflicts. Future transactions or arrangements between or among our officers, directors and shareholders, and businesses they control,\nma result in conflicts of interest, and the conflicts may be resolved in favor of businesses that our officers or directors are affiliated,\nwhich may have an advers effect on our revenues.\n\n \n\nOur officers and directors have the following\nconflicts of interests:\n\n \n\nWe lease our warehouse and office space from the Uncle\nof our Chief Executive Officer. We pay $3,500 per month for a total of $42,000 per year.. Dr. Donal Garlotta, a director, serves as a\ntechnical advisor to the Company.\n\n \n\n 21\n\n \n\n \n\nIndependence of Board Members\n\n \n\nThe Company has adopted the NASDAQ\nListing Rules; Rule 5605 and 5605 (a) (20, for determining the independence of its directors. Directors are deemed independent only if\nthe Board affirmatively determines that the director has no material relationship with the Company directly or as an officer, share owner\nor partner of an entity that has a relationship with the Company or any other relationship which, in the opinion of the Board, would interfere\nwith the exercise of independent judgment in carrying out the responsibilities of a director."}