Company: FWDI
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003548
Chunk: 23

Company: Forward Industries, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 23
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,
respectively.

  NOTE 7
  EARNINGS PER SHARE

Basic earnings per share
data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period.
Diluted earnings per share data is computed using the weighted average number of common and dilutive common equivalent shares outstanding
during each period. Dilutive common-equivalent shares consist of shares that would be issued upon the exercise of stock options and warrants,
computed using the treasury stock method. A reconciliation of basic and diluted earnings per share is as follows:

    Schedule of reconciliation of basic and diluted earnings per share 

    For the Three Months Ended  
    For the Six Months Ended 

    March 31,  
    March 31, 

    2025  
    2024  
    2025  
    2024 
  
    Numerator: 

    Loss from continuing operations 
    $(1,822,000) 
    $(627,000) 
    $(2,720,000) 
    $(992,000)
  
    Income from discontinued operations, net of tax 
     370,000  
     74,000  
     560,000  
     85,000 
  
    Net loss 
    $(1,452,000) 
    $(553,000) 
    $(2,160,000) 
    $(907,000)

    Denominator: 

    Weighted average common shares outstanding 
     1,101,000  
     1,101,000  
     1,101,000  
     1,101,000 
  
    Dilutive common share equivalents 
     –  
     –  
     –  
     – 
  
    Weighted average dilutive shares outstanding 
     1,101,000  
     1,101,000  
     1,101,000  
     1,101,000 

    Basic (loss) / earnings per share: 

    Basic loss per share from continuing operations 
    $(1.65) 
    $(0.57) 
    $(2.47) 
    $(0.90)
  
    Basic earnings per share from discontinued operations 
     0.33  
     0.07  
     0.51  
     0.08 
  
    Basic loss per share