Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 17

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 17
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, 2025 and December 31, 2024, marketable securities consisted of the following:  

      September 30, 2025

      December 31, 2024

      United States Treasury Bills

      Amortized Cost

     $23,554,354 
     $30,476,729 

      Fair Market Value

     $23,564,416 
     $30,492,088 

     Note 6

     PREPAID EXPENSES AND OTHER CURRENT ASSETS

   The Company has various agreements which require upfront and periodic payments. The Company records the expenses related to these agreements ratably over the annual terms. As of September 30, 2025 and December 31, 2024, the Company’s balance sheet reflected prepaid expenses of $1,416,542 and $1,111,234, respectively, primarily relating to various software and information licenses and insurance policies with durations ranging from 3 months to 1 year.  
   Included in other current assets as of September 30, 2025, are income taxes receivable of $377,522 and deferred license costs of $986,531, and commission advances receivable employees of $87,400.  
   Included in other current assets as of December 31, 2024, are income taxes receivable of $199,131, deferred license costs of $825,563 and amounts receivable from an insurance company related to settled litigation of employees of $485,000. 

     Note 7

     PROPERTY AND EQUIPMENT, NET

   As of September 30, 2025 and December 31, 2024, property and equipment were comprised of the following:  

      September 30, 2025

      December 31, 2024

      Personal computing equipment

     $48,143 
     $94,521 

      Office equipment and capitalized software

      73,260 
      73,260 

      Total

      121,403 
      167,781 

      Less: Accumulated depreciation

      (87,937) 
      (121,129) 

      Property and equipment, net

     $33,466 
     $46,652 

   Depreciation expense for the three and nine months ended September 30, 2025 and 2024 was $