Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 16

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 16
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  2,059,560           Total liabilities assumed     2,381,295                         Gain on bargain purchase     1,204,830           Total consideration transferred    $ —           The Company incurred acquisition-related costs of $0, $6,145, $0, and $0 during the three and nine months ended September 30, 2025 and 2024, respectively, for legal and auditing fees which were expensed as incurred and included in strategic review and transaction related expenses in the Consolidated Statements of Operations.  
   The results of operations of Kyber since the Kyber Acquisition Date have been included in the Company’s condensed consolidated financial statements. Kyber contributed revenues of $1,999,292 and $5,552,205 for the three and nine months ended September 30, 2025 which was included in the Company’s consolidated statements of operations.  
  
   Supplemental Pro Forma Financial Information
   
   The following table presents certain unaudited pro forma financial information for the combined entity as if the Kyber acquisition occurred on January 1, 2023. The unaudited pro forma financial information for the periods presented is provided for illustrative purposes only and is not necessarily indicative of the historical results of operations had the acquisition occurred on January 1, 2023, nor is it indicative of the results of operations in future periods.  

      Three Months Ended September 30, 2024

      Nine Months Ended September 30, 2024

      Revenues

     $5,969,736 
     $17,769,761 

      Net loss

     $(2,526,025) 
     $(9,176,108) 

      Basic and diluted net loss per share – on a pro forma basis

     $(0.13) 
     $(0.30) 

     Note 5

     MARKETABLE SECURITIES

   Marketable securities are stated at estimated fair value based upon current market quotes for similar securities (level 2 inputs) and are classified as available-for-sale. Realized gains and losses are included in investment income. Unrealized gains and losses are immaterial and therefore the Company has presented such amounts within investment income in the condensed consolidated statements of operations. Marketable securities consists of U.S. Treasury Bills.

  17
  

 As of September 30