Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 1017

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 9
Chunk 1017
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    101.CAL
     
    Inline XBRL Taxonomy Extension Calculation Linkbase Document

    Filed
  
    101.DEF
     
    Inline XBRL Taxonomy Extension Definition Linkbase Document

    Filed
  
    101.LAB
     
    Inline XBRL Taxonomy Extension Label Linkbase Document

    Filed
  
    101.PRE
     
    Inline XBRL Taxonomy Extension Presentation Linkbase Document

    Filed
  
    104
     
    Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

______________________

*  Management compensatory agreement or arrangement.

+  Certain schedules, appendices and exhibits to this agreement
have been omitted in accordance with Item 601 of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished supplementally
to the Securities and Exchange Commission staff upon request.

Copies of this filing (including the financial statements) and any of the
exhibits referred to above will be furnished at no cost to our shareholders who make a written request to Forward Industries, Inc. 700
Veterans Memorial Hwy, Suite 100, Hauppauge, NY 11788; Attention: Corporate Secretary.

 45 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED FINANCIAL STATEMENTS

    Page

    Reports of Independent Registered Public Accounting Firms (PCAOB #199 and #596)
    F-2

    Consolidated Balance Sheets at September 30, 2025 and 2024
    F-5

    Consolidated Statements of Operations for the Years Ended September 30, 2025 and 2024
    F-6

    Consolidated Statements of Shareholders' Equity for the Years Ended September 30, 2025 and 2024
    F-7

    Consolidated Statements of Cash Flows for the Years Ended September 30, 2025 and 2024
    F-8

    Notes to Consolidated Financial Statements
    F-9

 F-1 

REPORT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM

To the Stockholders and Board of Directors of

Forward Industries, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated
balance sheet of Forward Industries, Inc. (the “Company”) as of September 30, 2025, the related consolidated statements of
operations, shareholders’