Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 1497

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 12
Chunk 1497
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,118,423) 
     (2,166,179)
  
    Income from discontinued operations, net of tax 
     2,114,639  
     215,592 
  
    Net loss attributable to common shareholders 
    $(167,003,784) 
    $(1,950,587)

    Denominator: 

    Weighted average common shares outstanding 
     6,791,173  
     1,101,069 
  
    Dilutive common share equivalents 
     –  
     – 
  
    Weighted average dilutive shares outstanding 
     6,791,173  
     1,101,069 

    Basic loss per share : 

    Basic loss per share from continuing operations 
    $(24.90) 
    $(1.97)
  
    Basic earnings per share from discontinued operations 
     0.31  
     0.20 
  
    Basic loss per share attributable to common shareholders 
    $(24.59) 
    $(1.77)

    Diluted loss per share: 

    Diluted loss per share from continuing operations 
    $(24.90) 
    $(1.97)
  
    Diluted earnings per share from discontinued operations 
     0.31  
     0.20 
  
    Diluted loss per share attributable to common shareholders 
    $(24.59) 
    $(1.77)

     F-33 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following options and warrants
were excluded from the calculation of diluted earnings per share in Fiscal 2025 and Fiscal 2024 because their inclusion would have been
anti-dilutive: 

    Schedule of anti-dilutive shares 

    For the Fiscal Years Ended 

    September 30, 

    2025  
    2024 
  
    Options 
     326,600  
     81,400 
  
    Warrants 
     13,495,000  
     7,500 
  
    Total potentially dilutive shares 
     13,821,600  
     88,900 

NOTE 12       COMMITMENTS AND CONTINGENCIES

From time to time, the Company
may become a party to legal actions or proceedings in the ordinary course of its business. At