Company: FWDI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006141
Chunk: 1

Company: Forward Industries, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 1
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571,662 
  
    Liabilities held for sale 
     –  
     7,292,858 
  
    Total current liabilities 
     2,354,593  
     9,371,596 

    Other liabilities: 

    Warrant liability 
     402,888  
     – 
  
    Operating lease liability, less current portion 
     2,185,877  
     2,429,726 
  
    Total liabilities 
     4,943,358  
     11,801,322 

    Commitments and contingencies 
     –  
     – 

    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, 4,925
    and 2,200
    shares issued and outstanding at June 30, 2025 and September 30, 2024, respectively (liquidation preference of $4,925,000 and $2,200,000 at June 30, 2025 and September 30, 2024, respectively) 
     4,925,000  
     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, 1,000,000 and 0 shares issued and outstanding at June 30, 2025 and September 30, 2024,
  respectively (liquidation preference of $1,262,848 and $0 at June 30, 2025 and September 30, 2024, respectively)

  10,000

  –

  Common stock, 40,000,000 shares authorized; par value $0.01 per share; 1,125,998 and 1,101,069 shares
  issued and outstanding at June 30, 2025 and September 30, 2024, respectively

  11,260

  11,011

    Additional paid-in capital 
     21,051,543  
     20,393,163 
  
    Accumulated deficit 
     (22,646,838) 
     (19,637,140)
  
    Total shareholders