Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 35

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 35
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 increase of $504,365 compared to sales and marketing expenses of $956,983 for the three months ended September 30, 2024. The increase is due to the impact of the Kyber acquisition and increased salesperson compensation expenses.

   General and Administrative

   General and administrative expenses for the three months ended September 30, 2025, were $2,118,273, which represented a decrease of $739,911 compared to general and administrative expenses of $2,858,184 for the three months ended September 30, 2024. The decrease is primarily due to lower stock compensation expense.

   Litigation Settlements and Related Expenses

   Litigation settlements and related expenses for the three months ended September 30, 2025, were $0, which represented a decrease of $1,394 compared to litigation settlements and related expenses of $1,394 for the three months ended September 30, 2024. These expenses result from the defense and settlement of legacy claims assumed in the Helix merger, net of any insurance recoveries.

   Strategic Review and Acquisition Related Expenses

   Strategic review and acquisition related expenses are primarily related to professional fees incurred related to an unsolicited offer to take the Company private in 2025 and a strategic review of the Company’s operations and acquisition of Kyber in 2024.

   Interest and Investment Income

   Interest and investment income for the three months ended September 30, 2025, were $336,002, which represented a decrease of $322,337 compared to interest and investment income of $658,339 for the three months ended September 30, 2024. The decrease is primarily due to a lower marketable securities balance resulting from the use of funds to retire convertible notes.

   Interest Expense

   Interest expense for the three months ended September 30, 2025, were $35,984, which represented a decrease of $159,431 compared to interest expense of $195,415 for the three months ended September 30, 2024. The decrease is due to the impact of the redemption of the Company’s convertible notes.

   Comparison of nine months ended September 30, 2025 and 2024

   Revenues

   Revenues for the nine months ended September 30, 2025, were $22,294,439, which represented an increase of $7,953,648 compared to revenues of $14,340,791 for the nine months ended September