Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 463

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 2
Chunk 463
---
 
     49,143  
     62,662 
  
    Other expense, net 
     4,244  
     8,315 
  
    Loss from continuing operations before income taxes 
     (169,068,575) 
     (2,143,232)

    Provision for income taxes 
     20,404  
     22,947 
  
    Loss from continuing operations 
     (169,088,979) 
     (2,166,179)
  
    Income from discontinued operations, net of tax 
     2,114,639  
     215,592 
  
    Net loss 
     (166,974,340) 
     (1,950,587)
  
    Deemed dividend on Series B Convertible Preferred Stock 
     (29,444) 
     – 
  
    Net loss attributable to common shareholders 
    $(167,003,784) 
    $(1,950,587)

    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 
    $(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 
    $(24.59) 
    $(1.77)

    Weighted average common shares outstanding: 

    Basic 
     6,791,173  
     1,101,069 
  
    Diluted 
     6,791,173  
     1,101,069 

The accompanying notes are an integral part of the consolidated financial statements.

 F-6 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

    For the Fiscal Year Ended September 30, 2025 

    Series A-1 Convertible  
    Series B Convertible  

    Additional  

    Preferred Stock  
    Preferred Stock  
    Common Stock