Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 74

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 8
Chunk 74
---
 share-based compensation,
credit losses and goodwill impairment of $353,000 and the net change in other operating assets and liabilities of $82,000.

During the 2024 Quarter,
cash used in operating activities of $94,000 resulted from a decrease in accrued expenses and other current liabilities of $859,000, a
decrease in accounts payable of $120,000, a net loss of $354,000 and the net change in other operating assets and liabilities of $69,000,
partially offset by cash provided by discontinued operations of $576,000, a net decrease in accounts receivable and contract assets of
$611,000, and non-cash charges of $121,000 related to depreciation, amortization, share-based compensation and credit losses.

Investing Activities

Cash used in investing activities
in the 2025 Quarter and the 2024 Quarter of $5,000 and $20,000, respectively, resulted from purchases of property and equipment.

Financing
Activities

Cash used in financing activities
in the 2024 Quarter of $250,000 consisted of principal payments on the promissory note held by Forward China.

 A-11