Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 381

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1C
Chunk 381
---
229,463  
     (391,868)
  
    Related party payables 
     923,513  
     – 
  
    Deferred income 
     (106,914) 
     102,032 
  
    Net changes in operating lease liabilities 
     582  
     12,161 
  
    Accrued expenses and other current liabilities 
     (42,330) 
     (739,283)
  
    Net cash used in operating activities-continuing operations 
     (4,898,240) 
     (1,151,795)
  
    Net cash provided by operating activities-discontinued operations 
     396,153  
     1,671,565 
  
    Net cash (used in)/provided by operating activities 
     (4,502,087) 
     519,770 

    Investing Activities: 

    Purchases of digital assets 
     (900,790,843) 
     – 
  
    Cash paid for sale of OEM segment 
     (650,000) 
     – 
  
    Purchases of property and equipment 
     (25,774) 
     (65,154)
  
    Net cash used in investing activities 
     (901,466,617) 
     (65,154)

    Financing Activities: 

    Proceeds from Securities Purchase Agreement, net 
     900,103,815  
     – 
  
    Proceeds from Equity Line of Credit, net 
     2,360,869  
     – 
  
    Proceeds from Registered Direct Offering 
     2,237,565  
     – 
  
    Proceeds from Waiver and Leak-out Agreement 
     33,000,000  
     – 
  
    Proceeds from ATM, net 
     3,962,018  
     – 
  
    Proceeds from issuance of Series B preferred stock and warrants, net 
     970,946  
     – 
  
    Deferred financing costs associated with ATM 
     (737,400) 
     – 
  
    Proceeds from stock options exercised 
     60,739  
     – 
  
    Repayment of note payable to Forward China (related party) 
     (600,000) 
     (500,000)
  
    Net cash provided by/(used