Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 80

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 1
Chunk 80
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208)
  
    Prepaid expenses and other current assets 
     34,421  
     (26,578)
  
    Accounts payable 
     46,517  
     (119,880)
  
    Deferred income 
     (120,832) 
     (47,002)
  
    Net changes in operating lease liabilities 
     214  
     4,385 
  
    Accrued expenses and other current liabilities 
     (130,616) 
     (859,402)
  
    Net cash used in operating activities-continuing operations 
     (353,323) 
     (670,372)
  
    Net cash (used in) / provided by operating activities-discontinued operations 
     (80,960) 
     576,342 
  
    Net cash used in operating activities 
     (434,283) 
     (94,030)

    Investing Activities: 

    Purchases of property and equipment 
     (5,418) 
     (19,514)
  
    Net cash used in investing activities 
     (5,418) 
     (19,514)

    Financing Activities: 

    Repayment of note payable to Forward China (related party) 
     –  
     (250,000)
  
    Net cash used in financing activities 
     –  
     (250,000)

    Net decrease in cash 
     (439,701) 
     (363,544)
  
    Cash at beginning of period 
     2,777,125  
     2,822,509 
  
    Cash at end of period 
    $2,337,424  
    $2,458,965 

    Supplemental Disclosures of Cash Flow Information: 

    Cash paid for interest 
    $11,967  
    $19,010 

    Supplemental Disclosures of Non-Cash Information: 

    Operating lease assets obtained in exchange for operating lease liabilities 
    $157,424  
    $– 

The accompanying notes are an integral part of the unaudited condensed consolidated financial statements.

 F-32 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1         OVERVIEW

Business

Forward Industries, Inc.
(“Forward