INVENTORY

6 Months Ended

Apr. 30, 2016

Inventory Disclosure [Abstract]

INVENTORY

NOTE 4. INVENTORY

Inventory consists principally of purchased finished goods. Inventory is stated at the lower of cost or net realizable value on a first-in, first-out basis. Innovative Designs, Inc. (the “Company”) has decided to discontinue the manufacturing of its hunting and swimming line of apparel. The Company has booked a reserve against this inventory at April 30, 2016 and October 31, 2015 of $40,000. Management will continue to evaluate its obsolete inventory reserve throughout the year and make adjustments as needed.