FORUM MARKETS Inc

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

FRMM$2.82-2.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

	For the Years Ended
	December 31,
	2024	2023
Operating Expenses:
Research and development	$1,401,435	$2,303,751
Research and development - related parties	567,832	480,777
General and administrative	4,355,462	10,646,417
General and administrative - related parties	-	46,555
Total Operating Expenses	6,324,729	13,477,500
Loss From Operations	(6,324,729)	(13,477,500)
Other (Expense) Income:
Other income	2,822,864	21,074
Interest expense	(50,640)	(44,828)
Loss on asset impairment	(1,526,542)	(9,063,000)
Change in fair value of derivative liabilities	58	75,323
Change in fair value of preferred stock liability	(1,577,305)	-
Gain on settlement of liabilities	192,093	204,405
Total other (expense) income, net	(139,472)	(8,807,026)
Loss Before Income Taxes	(6,464,201)	(22,284,526)
Income tax benefit	296,024	2,349,414
Net Loss	(6,168,177)	(19,935,112)
Deemed Dividend	(8,011,510)	-
Net Loss Available to Common Stockholders	(14,179,687)	(19,935,112)
Other Comprehensive Loss:
Foreign currency translation adjustments	(15,579)	(15,816)
Total Comprehensive Loss	$(14,195,266)	$(19,950,928)
Basic and Diluted Net Loss per Common Share
Basic	$(15.49)	$(52.59)
Diluted	$(15.49)	$(52.59)
Weighted Average Number of Common Shares Outstanding:
Basic	915,374	379,089
Diluted	915,374	379,089

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.