Forward Industries, Inc.
For the period ended Sep 30, 2025. Filed Dec 11, 2025.
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FY2025 · Filed Dec 11, 2025
FWDI$5.24-5.2%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 Balance Sheets at September 30, 2025 and 2024
| September 30, | September 30, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash | $38,166,973 | $2,777,125 |
| Accounts receivable, net of allowances for credit losses of $92,358 and $27,282 as of September 30, 2025 and 2024, respectively | 1,635,171 | 2,308,425 |
| Contract assets | 1,064,264 | 1,272,993 |
| Prepaid expenses and other current assets | 355,548 | 382,832 |
| Assets held for sale | – | 2,908,039 |
| Total current assets | 41,221,956 | 9,649,414 |
| Digital assets | 1,430,486,289 | – |
| Property and equipment, net | 124,331 | 218,025 |
| Intangible assets, net | – | 680,386 |
| Goodwill | – | 1,558,682 |
| Operating lease right-of-use assets, net | 2,303,776 | 2,593,112 |
| Other assets | 806,137 | 68,737 |
| Total assets | $1,474,942,489 | $14,768,356 |
| Liabilities and shareholders' equity | ||
| Current liabilities: | ||
| Note payable to Forward China (related party) | $– | $600,000 |
| Accounts payable | 433,044 | 103,581 |
| Related party payables (Note 14) | 923,513 | – |
| Deferred income | 292,525 | 399,439 |
| Current portion of operating lease liability | 450,949 | 404,056 |
| Accrued expenses and other current liabilities | 623,512 | 571,662 |
| Liabilities held for sale | – | 7,292,858 |
| Total current liabilities | 2,723,543 | 9,371,596 |
| Other liabilities: | ||
| Operating lease liability, less current portion | 2,094,079 | 2,429,726 |
| Total liabilities | 4,817,622 | 11,801,322 |
| Commitments and contingencies (Note 12) | – | – |
| Shareholders' equity: | ||
| Series A-1 Convertible Preferred Stock, par value $0.01 per share; stated value of $1,000 per share; 6,700 shares authorized, 0 and 2,200 shares issued and outstanding at September 30, 2025 and 2024, respectively | – | 2,200,000 |
| Series B Convertible Preferred Stock, par value $0.01 per share; stated value of $1 per share; 1,000,000 shares authorized, 0 shares issued and outstanding at September 30, 2025 and 2024 | – | – |
| Common stock, 300,000,000 shares authorized; par value $0.01 per share; 86,145,514 and 1,101,069 shares issued and outstanding at September 30, 2025 and 2024, respectively | 861,455 | 11,011 |
| Additional paid-in capital | 1,655,874,892 | 20,393,163 |
| Accumulated deficit | (186,611,480) | (19,637,140) |
| Total shareholders' equity | 1,470,124,867 | 2,967,034 |
| Total liabilities and shareholders' equity | $1,474,942,489 | $14,768,356 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.