Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 75

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 1
Chunk 75
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Condensed Consolidated Balance Sheets at December 31, 2024 (Unaudited) and September 30, 2024
    F-28

    Condensed Consolidated Statements of Operations (Unaudited) for the Three Months Ended December 31, 2024 and 2023
    F-29

    Condensed Consolidated Statements of Shareholders' Equity (Unaudited) for the Three Months Ended December 31, 2024 and 2023
    F-30

    Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended December 31, 2024 and 2023
    F-31

    Notes to Condensed Consolidated Financial Statements
    F-32

 F-27 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

    December 31,  
    September 30, 

    2024  
    2024 

    (Unaudited)  
    (See Note 2) 
  
    Assets 

    Current assets: 

    Cash 
    $2,337,424  
    $2,777,125 
  
  Accounts receivable, net of allowances for credit losses of $51,342 and$27,282 as of December 31, 2024 and September 30, 2024, respectively

  2,500,753

  2,308,425

    Contract assets 
     884,703  
     1,272,993 
  
    Prepaid expenses and other current assets 
     348,411  
     382,832 
  
    Assets held for sale 
     2,558,693  
     2,908,039 
  
    Total current assets 
     8,629,984  
     9,649,414 

    Property and equipment, net 
     192,884  
     218,025 
  
    Intangible assets, net 
     627,197  
     680,386 
  
    Goodwill 
     1,333,682  
     1,558,682 
  
    Operating lease right-of-use assets, net 
     2,639,821  
     2,593,112 
  
    Other assets 
     68,737