FORUM MARKETS Inc
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
FRMM$2.82-2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)
| Series B Preferred Stock · Common Stock · Additional Paid-in · Accumulated Other Comprehensive · Accumulated · Total Stockholders’ Equity | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Income · Deficit · (Deficit) | |||||||||
| Balance - January 1, 2023 | - | $ | - | 197,209 | $20 | $121,637,966 | $(2,885,523) | $(107,408,545) | $11,343,918 |
| Adjustment related to reverse stock split | - | - | 37 | 1 | (1) | - | - | - | |
| Shares issued for professional services to directors | - | - | 4,763 | - | 60,624 | - | - | 60,624 | |
| Shares issued for professional services to executive chairman | - | - | 7,126 | 1 | 28,564 | - | - | 28,565 | |
| Issuance of April 2023 pre-funded and common warrants, net (a) | - | - | - | - | 2,337,706 | - | - | 2,337,706 | |
| Shares issued from exercise of April 2023 pre-funded warrants (a) | - | - | 61,615 | 6 | 111 | - | - | 117 | |
| Shares issued in connection with April 2023 Offering (a) | - | - | 21,053 | 2 | 382,180 | - | - | 382,182 | |
| Issuance of August 2023 pre-funded and common warrants, net (b) | - | - | - | - | 2,459,282 | - | - | 2,459,282 | |
| Shares issued from exercise of August 2023 pre-funded warrants (b) | - | - | 207,814 | 20 | 375 | - | - | 395 | |
| Shares issued in connection with August 2023 Offering (b) | - | - | 35,102 | 4 | 245,344 | - | - | 245,348 | |
| Issuance of pre-funded and common warrants from Amendment to August 2023 SPA, net | - | - | - | - | 770,923 | - | - | 770,923 | |
| Stock-based compensation | - | - | - | - | 2,194,135 | - | - | 2,194,135 | |
| Comprehensive loss: | - | - | |||||||
| Net loss | - | - | - | - | - | - | (19,935,112) | (19,935,112) | |
| Other comprehensive loss | - | - | - | - | - | (15,816) | - | (15,816) | |
| Balance - December 31, 2023 | - | $ | - | 534,719 | $54 | $130,117,209 | $(2,901,339) | $(127,343,657) | $(127,733) |
| (a) | Consists of $2,999,882 of gross proceeds from the April 2023 Offering (defined below); gross proceeds of $421,527 are related to common shares issued (with related placement agent fees of $39,343), gross proceeds of $1,233,564 are related to pre-funded warrants issued (with related placement agent fees of $115,134) and gross proceeds of $1,344,791 are related to common warrants issued (with related placement agent fees of $125,516). At the end of the current period, all 61,615 April 2023 pre-funded warrants were exercised for proceeds of $117. |
| (b) | Consists of $2,999,605 of gross proceeds from the August 2023 Offering (defined below); gross proceeds of $272,106 are related to common shares issued (with related placement agent fees of $26,758), gross proceeds of $1,449,470 are related to pre-funded warrants issued (with related placement agent fees of $142,538) and gross proceeds of $1,278,029 are related to common warrants issued (with related placement agent fees of $125,679). At the end of the year, 207,814 August 2023 pre-funded warrants were exercised for proceeds of $395. |
| Series B Preferred Stock · Common Stock · Additional Paid-in · Accumulated Other Comprehensive · Accumulated · Total Stockholders’ | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Capital · Income · Deficit · Equity | |||||||||
| Balance - January 1, 2024 | - | $ | - | 534,719 | $54 | $130,117,209 | $(2,901,339) | $(127,343,657) | $(127,733) |
| Shares issued from exercise of pre-funded warrants related to Amendment to August 2023 Offering | - | - | 257,505 | 26 | 463 | - | - | 489 | |
| Adjustment related to reverse stock split in February 2024 | - | - | 60,848 | 6 | (6) | - | - | - | |
| Shares issued in connection with December 2024 Offering | - | - | 1,200,000 | 120 | 2,572,669 | - | - | 2,572,789 | |
| Shares issued from exercise of warrants | - | - | 950,069 | 95 | 2,797,841 | - | - | 2,797,936 | |
| Shares issued for settlement of liabilities | - | - | 174,158 | 17 | 684,654 | - | - | 684,671 | |
| Stock based compensation | - | - | - | - | 308,169 | - | - | 308,169 | |
| Warrants and Series B Convertible Preferred Stock issued for asset acquisition | - | - | - | - | 4,849,346 | - | - | 4,849,346 | |
| Reclassification of Series B Convertible Preferred Stock liability | 1,000,000 | 100 | - | - | 4,349,900 | - | - | 4,350,000 | |
| Deemed dividend from warrant inducement | - | - | - | - | 8,011,510 | - | (8,011,510) | - | |
| Comprehensive income (loss): | |||||||||
| Net loss | - | - | - | - | - | - | (6,168,177) | (6,168,177) | |
| Other comprehensive loss | - | - | - | - | - | (15,579) | - | (15,579) | |
| Balance - December 31, 2024 | 1,000,000 | $100 | 3,176,999 | $318 | $153,691,755 | $(2,916,918) | $(141,523,344) | $9,251,911 | |
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