Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 77

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 1
Chunk 77
---
' equity 
    $13,492,305  
    $14,768,356 

The accompanying notes are
an integral part of the unaudited condensed consolidated financial statements.

 F-29 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

    For the Three Months Ended December 31, 

    2024  
    2023 

    Revenues, net 
    $4,624,449  
    $5,141,832 
  
    Cost of sales 
     3,491,428  
     3,700,020 
  
    Gross profit 
     1,133,021  
     1,441,812 

    Sales and marketing expenses 
     160,069  
     208,692 
  
    General and administrative expenses 
     1,645,982  
     1,597,621 
  
    Goodwill impairment 
     225,000  
     – 

    Operating loss 
     (898,030) 
     (364,501)

    Interest income 
     (15,594) 
     (17,469)
  
    Interest expense - related party 
     11,967  
     19,010 
  
    Other expense/(income), net 
     3,372  
     (687)
  
    Loss from continuing operations before income taxes 
     (897,775) 
     (365,355)

    Provision for income taxes 
     –  
     – 
  
    Loss from continuing operations 
     (897,775) 
     (365,355)
  
    Income from discontinued operations, net of tax 
     189,710  
     11,135 
  
    Net loss 
    $(708,065) 
    $(354,220)

    Basic (loss)/earnings per share: 

    Basic loss per share from continuing operations 
    $(0.82) 
    $(0.33)
  
    Basic earnings per share from discontinued operations 
     0.18  
     0.01 
  
    Basic loss per share 
    $(0.64) 
    $(0.32)

    Diluted (loss)/earnings per share: 

    Diluted loss per share from