Company: FWDI
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001683168-25-000993
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Item 1
Chunk 2
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151,951 
  
    Cost of sales 
     3,491,428  
     3,700,020 
  
    Cost of sales - related party 
     1,623,126  
     1,809,445 
  
    Total cost of sales 
     5,114,554  
     5,509,465 
  
    Gross profit 
     1,501,053  
     1,642,486 

    Sales and marketing expenses 
     304,719  
     368,736 
  
    General and administrative expenses 
     1,679,654  
     1,654,071 
  
    Goodwill impairment 
     225,000  
     – 

    Operating loss 
     (708,320) 
     (380,321)

    Interest income 
     (15,594) 
     (17,469)
  
    Interest expense - related party 
     11,967  
     19,010 
  
    Other expense/(income), net 
     3,372  
     (687)
  
    Loss from continuing operations before income taxes 
     (708,065) 
     (381,175)

    Provision for income taxes 
     –  
     – 
  
    Loss from continuing operations 
     (708,065) 
     (381,175)
  
    Income from discontinued operations, net of tax 
     –  
     26,955 
  
    Net loss 
    $(708,065) 
    $(354,220)

    Basic (loss)/earnings per share : 

    Basic loss per share from continuing operations 
    $(0.64) 
    $(0.35)
  
    Basic earnings per share from discontinued operations 
     –  
     0.03 
  
    Basic loss per share 
    $(0.64) 
    $(0.32)

    Diluted (loss)/earnings per share: 

    Diluted loss per share from continuing operations 
    $(0.64) 
    $(0.35)
  
    Diluted earnings per share from discontinued operations 
     –  
     0.03 
  
    Diluted loss per share 
    $(0.64) 
    $(0.32)

    Weighted average common shares outstanding: 

    Basic