Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 849

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 6
Chunk 849
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utive 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/loss per share is as follows: 

    Schedule of reconciliation of basic and diluted earnings per share 

    For the Fiscal Years Ended 

    September 30, 

    2025  
    2024 
  
    Numerator: 

    Loss from continuing operations 
    $(169,088,979) 
    $(2,166,179)
  
    Less deemed dividend on Series B Convertible Preferred Stock 
     (29,444) 
     – 
  
    Loss from continuing operations attributable to common shareholders 
     (169,118,423) 
     (2,166,179)
  
    Income from discontinued operations, net of tax 
     2,114,639  
     215,592 
  
    Net loss attributable to common shareholders 
    $(167,003,784) 
    $(1,950,587)

    Denominator: 

    Weighted average common shares outstanding 
     6,791,173  
     1,101,069 
  
    Dilutive common share equivalents 
     –  
     – 
  
    Weighted average dilutive shares outstanding 
     6,791,173  
     1,101,069 

    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 attributable to common shareholders 
    $(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 attributable to common shareholders 
    $(24.59) 
    $(1.77)

     F-33 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following options and warrants
were excluded from the calculation of diluted earnings per share in Fiscal