Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 6

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 6
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 $2,744,722 
     $4,044,273 

  9
  

 Transaction price allocated to remaining performance obligations represents contracted revenue that has not yet been recognized, which includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. The majority of the Company’s noncurrent remaining performance obligations will be recognized over the next 36 months. 

   The transaction price allocated to remaining performance obligations consisted of the following: 

         September 30, 2025      December 31, 2024      Estimated next twelve months  $19,887,065  $20,550,004     Thereafter   10,327,925   13,397,200     Total   $30,214,990  $33,947,204   

   The Company’s disaggregated revenue categories for the three and nine months ended September 30, 2025 and 2024 are as follows: 

      For the Three Months Ended September 30,    

      For the Nine Months Ended September 30,    

      2025

      2024

      2025

      2024

      Revenue recognized over time

     $7,500,683 
     $4,422,812 

     $21,730,439 
     $13,158,291 

      Revenue recognized at a point in time

      261,500 
      263,500 

      564,000 
      1,182,500 

      Total

     $7,762,183 
     $4,686,312 

     $22,294,439 
     $14,340,791 

   Segment Information 

   FASB ASC Topic 280, Segment Reporting (“ASC 280”), establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker (“CODM”), the Chief Executive Officer, manages the Company’s business activities as a single operating and reportable segment at the consolidated level. Accordingly, the CODM uses consolidated net loss to measure segment profit or loss, allocate resources and assess performance. Further, the CODM