{"url_path":"/sec/ivdn/10-k/2026/item-9a","section_key":"item-9a","section_title":"Item 9A CONTROLS AND PROCEDURES.","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":982,"has_tables":true,"body_markdown":"ITEM 9A. CONTROLS AND PROCEDURES.\n\n \n\nEvaluation of Disclosure Controls and Procedures\n\n \n\nManagement of Innovative Designs,\nInc. is responsible for maintaining disclosure controls and procedures that are designed to ensure that information required to be disclosed\nin the reports that the Company files or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)\nis recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules\nand forms. In addition, the disclosure controls and procedures must ensure that such information is accumulated and communicated to the\nCompany’s management, including its Chief Executive Officer/Chief Financial Officer, as appropriate, to allow timely decisions regarding\nrequired financial and other required disclosures.\n\n \n\nAt the end of the period\ncovered by this report, an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules\n13(a)-15(e) and 15(d)-15(e) of the Securities Exchange Act of 1934 (the “Exchange Act”)) was carried out under the\nsupervision and with the participation of our Chief Executive Officer/Chief Financial Officer. Based on his evaluation of our\ndisclosure controls and procedures and in connection with the audit of our financial statement, he concluded that during the period\ncovered by this report, such disclosure controls and procedures were not effective. This conclusion is based on the identification\nof the deficiency in internal controls over financial reporting described below. Notwithstanding the deficiency that existed as of\nOctober 31, 2024, our Chief Executive Officer/Chief Financial Officer has concluded that the financial statements included in this\nAnnual report on Form 10-K/A present fairly, in all material respects, the financial position, results of operations and cash flows of\nthe Company in conformity with accounting generally accepted in the United States of America.\n\n \n\nOur Chief Executive Officer is also our Chief Financial\nOfficer.\n\n \n\nManagement’s Annual\nReport on Internal Control over Financial Reporting Our management is responsible for establishing and maintaining adequate internal\ncontrol over our financial reporting. Internal control over financial reporting is a process designed to provide reasonable\nassurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial\nstatements for external purposes in accordance with U.S. generally accepted accounting principles.\n\n \n\nOur internal control over\nfinancial reporting includes those policies and procedures that (i) pertain to the maintenance of records that in reasonable detail\naccurately and fairly reflect our transactions; (ii) provide reasonable assurance that transactions are recorded as necessary for\npreparation of our financial statements; (iii) provide reasonable assurance that receipts and expenditures of company assets are\nmade in accordance with management authorization; and (iv) provide reasonable assurance\nthat unauthorized acquisition, use or disposition of company assets that could have a material effect on our financial statements\nwould be prevented or detected on a timely basis.\n\n \n\nBecause of its inherent limitations,\ninternal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness\nto future periods are subject to the risk that controls may become inadequate because changes in conditions may occur or the degree of\ncompliance with the policies or procedures may deteriorate.\n\n \n\n 16\n\n \n\n \n\nOur management assessed the effectiveness\nof our internal control over financial reporting as of October 31, 2021. This evaluation was based on criteria set forth by the Committee\nof Sponsoring Organizations of the Treadway Commission, or COSO, Internal Control-Integrated Framework. Based upon such assessment, our\nChief Executive Officer/Chief Financial Officer concluded that our internal controls over financial reporting were not effective as of\nOctober 31, 2024. In particular, our controls over financial reporting were not effective in the specific areas described in the paragraphs\nbelow.\n\n \n\nAs of October 31, 2025, our Chief\nExecutive Officer/Chief Financial Officer identified the following specific material weaknesses in the Company’s internal controls\nover its financial reporting processes:\n\n \n\n●The Company does not utilize an internal accounting\nsystem that captures all the Company’s activity on a timely basis. Certain transactions, such as sales and receivables, are maintained\nin one system and disbursements and accounts payable are maintained manually. On a quarterly basis this information is sent to an external\naccountant to retroactively enter the information into a general ledger system and then prepare the financial statements. The lack of\na single accounting system presents multiple opportunities for errors to occur and further contributes to the lack of timely internal\nand external financial reporting.\n\n \n\n●The Company’s accounting system is not being\nutilized to track inventory costs on a FIFO method. This results in either the inventory being carried over or under its cost or net realizable\nvalue depending on whether there were price increases or decreases.\n\n \n\nThis was due to our limited resources,\nincluding the absence of an internal financial staff member with accounting and financial expertise and deficiencies in the design or\noperation of our internal control over financial reporting that adversely affected our disclosure controls.\n\n \n\nManagement plans to address these\nmatters by among actions, meeting more with its external accountant to ensure that issues such as described above are correct going forward.\nThe Company will also look at hiring an external bookkeeper in order to have a single accounting system.\n\n \n\nHowever, the material weakness will\nnot be considered remediated until the applicable remedial controls operate for a sufficient period of time and management has concluded,\nthrough testing, that these controls are operating effectively.\n\n \n\nThere have been no significant changes\nin our internal control over financial reporting during the fiscal year ended October 31, 2025, and 2024, or subsequent to October 31,\n2025, that has materially affected or is reasonably likely to materially affect, our internal control over financial reporting, except\nas discussed above.\n\n \n\n 17\n\n \n\n \n\nPART\nIII\n\n \n\nName\nAge\nPosition\nTerm\n\nJoseph Riccelli Sr\n75\nChairman\n1\nyear\n\n \n \n \n \n\nJoseph A Riccelli Jr\n44\nChief Executive Officer,\nChief Financial Officer, Director\n1\nyear\n\n \n \n \n \n\nDaniel P. Rains\n73\nDirector\n1\nyear\n\n \n \n \n \n\nDonald V. Garlotta, PhD.\n65\nDirector\n1\nyear\n\n \n \n \n \n\nJohn Spagnolo Jr\n42\nDirector\n1\nyear"}