Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 43

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 43
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      (7,432,200) 
      (1,138,037) 

      Net change in cash and cash equivalents

     $69,961 
     $(3,335,298) 

   Net Cash Used In Operating Activities

   Net cash used in operating activities of $336,017 decreased by $1,131,067 for the nine months ended September 30, 2025 compared to cash used in operating activities of $1,467,084 for the nine months ended September 30, 2024. The decrease is primarily the result of the increased Adjusted EBITDA, decreased litigation settlements and related expenses, decreased strategic review and transaction related expenses discussed above, and changes in working capital accounts related to the timing of cash flows from operations.

   Net Cash Provided by (Used In) By Investing Activities

   Net cash provided by investing activities of $7,838,178 increased by $8,568,355 for the nine months ended September 30, 2025 compared to cash used in investing activities of $730,177 for the nine months ended September 30, 2024. The change is primarily the result of changes in purchases and sales of marketable securities, partially offset by cash received from the sale of a discontinued operation during 2024.

   Net Cash Used In Financing Activities

   Net cash used in financing activities of $7,432,200 nine months ended September 30, 2025 increased by $6,294,163 compared to cash used in financing activities of $1,138,037 for the nine months ended September 30, 2024. The increase was primarily due to changes in tax payments for vested restricted stock units and redemption of the Notes.

   Critical Accounting Estimates

   Management’s discussion and analysis of the Company’s financial condition and results of operations are based upon the Company’s condensed consolidated financial statements that have been prepared in accordance with US GAAP. The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities.

   On an on-going basis, the Company evaluates its estimates, including those related to revenues, stock-based compensation, income taxes, business combinations and allowance for credit losses.

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   The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments