Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 884

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 7A
Chunk 884
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 (25,774) 
     (65,154)
  
    Net cash used in investing activities 
     (901,466,617) 
     (65,154)

    Financing Activities: 

    Proceeds from Securities Purchase Agreement, net 
     900,103,815  
     – 
  
    Proceeds from Equity Line of Credit, net 
     2,360,869  
     – 
  
    Proceeds from Registered Direct Offering 
     2,237,565  
     – 
  
    Proceeds from Waiver and Leak-out Agreement 
     33,000,000  
     – 
  
    Proceeds from ATM, net 
     3,962,018  
     – 
  
    Proceeds from issuance of Series B preferred stock and warrants, net 
     970,946  
     – 
  
    Deferred financing costs associated with ATM 
     (737,400) 
     – 
  
    Proceeds from stock options exercised 
     60,739  
     – 
  
    Repayment of note payable to Forward China (related party) 
     (600,000) 
     (500,000)
  
    Net cash provided by/(used in) financing activities 
     941,358,552  
     (500,000)

    Net increase/(decrease) in cash 
     35,389,848  
     (45,384)
  
    Cash at beginning of year 
     2,777,125  
     2,822,509 
  
    Cash at end of year 
    $38,166,973  
    $2,777,125 

    Supplemental Disclosures of Cash Flow Information: 

    Cash paid for interest 
    $48,921  
    $62,662 
  
    Cash paid for taxes 
     32,071  
     7,069 
  
    Supplemental Disclosures of Non-Cash Investing and Financing Activities: 

    Operating lease assets obtained in exchange for operating lease liabilities 
     157,424  
     – 
  
    Conversion of accounts payable to convertible preferred stock 
     2,725,000  
     2,200,000 
  
    Fair value of commitment shares issued under equity line of credit 
     191,447  
     –