Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 19

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 19
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      Total
     
     $1,049,644 

   The weighted average remaining amortization period for the Company’s intangible assets as of September 30, 2025 and December 31, 2024 was 5.64 and 6.36 years. 

     Note 9

     DEPOSITS AND OTHER ASSETS

   As of September 30, 2025 and December 31, 2024, deposits and other assets included $619,874 and $1,357,482 of assets related to information license vendors, respectively (see “Note 3 – Summary of Significant Accounting Policies – Vendors and Licensors”). 

     Note 10

     ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

   As of September 30, 2025 and December 31, 2024, accrued expenses were comprised of the following:  

      September 30, 2025

      December 31, 2024

      Employee compensation

     $1,870,417 
     $1,570,205 

      Information Contracts (see "Note 3 - Vendors and Licensors")

      923,356 
      1,296,315 

      Other accrued expenses

      1,203,222 
      1,546,747 

      Total

     $3,996,995 
     $4,413,267 

  19
  

     Note 11

     CONVERTIBLE NOTES

      September 30, 2025

      December 31, 2024

      Principal outstanding

     $ —  
     $6,000,000 

      Add: accrued interest

       —  
      701,204 

      Less: unamortized debt issuance costs

       —  
      (3,555) 

      Convertible note payable, net of debt issuance costs

     $ —  
     $6,697,649 

   On September 1, 2021, the Company entered into a Note Purchase Agreement with certain accredited investors and a former director of the Company, pursuant to which the Company issued at 100% of par value $24,000,000 in aggregate principal balance of 3.5% Convertible Promissory Notes due September 1, 2025 (the “Notes