Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 198

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 198
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     382,832 
  
    Assets held for sale 
     –  
     2,908,039 
  
    Total current assets 
     41,221,956  
     9,649,414 

    Digital assets 
     1,430,486,289  
     – 
  
    Property and equipment, net 
     124,331  
     218,025 
  
    Intangible assets, net 
     –  
     680,386 
  
    Goodwill 
     –  
     1,558,682 
  
    Operating lease right-of-use assets, net 
     2,303,776  
     2,593,112 
  
    Other assets 
     806,137  
     68,737 
  
    Total assets 
    $1,474,942,489  
    $14,768,356 

    Liabilities and shareholders' equity 

    Current liabilities: 

    Note payable to Forward China (related party) 
    $–  
    $600,000 
  
    Accounts payable 
     433,044  
     103,581 
  
    Related party payables (Note 14) 
     923,513  
     – 
  
    Deferred income 
     292,525  
     399,439 
  
    Current portion of operating lease liability 
     450,949  
     404,056 
  
    Accrued expenses and other current liabilities 
     623,512  
     571,662 
  
    Liabilities held for sale 
     –  
     7,292,858 
  
    Total current liabilities 
     2,723,543  
     9,371,596 

    Other liabilities: 

    Operating lease liability, less current portion 
     2,094,079  
     2,429,726 
  
    Total liabilities 
     4,817,622  
     11,801,322 

    Commitments and contingencies  (Note 12) 
     –  
     – 

    Shareholders' equity: 

    Series A-1 Convertible Preferred Stock, par value $0.01 per share; stated value of $1,000 per share; 6,700 shares authorized, 0 and 2