Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 6

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 8
Chunk 6
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 from discontinued operations 
     0.20  
     (3.33)
  
    Basic loss per share 
     (1.77) 
     (3.39)

    Diluted loss per share: 

    Diluted loss per share from continuing operations 
     (1.97) 
     (0.06)
  
    Diluted income/(loss) per share from discontinued operations 
     0.20  
     (3.33)
  
    Diluted loss per share 
     (1.77) 
     (3.39)

    Weighted average common shares outstanding: 

    Basic 
     1,101,069  
     1,101,069 
  
    Diluted 
     1,101,069  
     1,101,069 

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

 F-5 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

    For the
    Fiscal Year Ended September 30, 2024 

    Series A-1 Convertible  

    Additional  

    Preferred
    Stock  
    Common
    Stock  
    Paid-In  
    Accumulated  

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Total 

    Balance at September 30, 2023, unadjusted 
     –  
    $–  
     10,061,185  
    $100,612  
    $20,202,202  
    $(17,686,553) 
    $2,616,261 
  
    Adjustment
    for reverse stock split 1-for-10, effective June 18, 2024 
     –  
     –  
     (8,960,116) 
     (89,601) 
     89,601  
     –  
     – 
  
    Balance at September 30, 2023, as adjusted 
     –  
     –  
     1,101,069  
     11,011  
     20,291,803  
     (17,686,553) 
     2,616