Company: FWDI
Filing Date: 2025-09-16
Form Type: 8-K
Source: 0001683168-25-007036
Chunk: 61

Company: Forward Industries, Inc.
Filing Date: 2025-09-16
Form: 8-K
Item: Item 8
Chunk 61
---
 number of common and dilutive common equivalent shares outstanding
during each period. Dilutive common-equivalent shares consist of shares that would be issued upon the exercise of stock options and warrants,
computed using the treasury stock method. A reconciliation of basic and diluted earnings per share is as follows:

    Schedule of reconciliation of basic and diluted earnings per share 

    For the Three Months Ended 

    December 31, 

    2024  
    2023 
  
    Numerator: 

    Loss from continuing operations 
    $(898,000) 
    $(365,000)
  
    Income from discontinued operations, net of tax 
     190,000  
     11,000 
  
    Net loss 
    $(708,000) 
    $(354,000)

    Denominator: 

    Weighted average common shares outstanding 
     1,101,000  
     1,101,000 
  
    Dilutive common share equivalents 
     –  
     – 
  
    Weighted average dilutive shares outstanding 
     1,101,000  
     1,101,000 

    Basic (loss) / earnings per share: 

    Basic loss per share from continuing operations 
    $(0.82) 
    $(0.33)
  
    Basic earnings per share from discontinued operations 
     0.18  
     0.01 
  
    Basic loss per share 
    $(0.64) 
    $(0.32)

    Diluted (loss) / earnings per share: 

    Diluted loss per share from continuing operations 
    $(0.82) 
    $(0.33)
  
    Diluted earnings per share from discontinued operations 
     0.18  
     0.01 
  
    Diluted loss per share 
    $(0.64) 
    $(0.32)

     F-41 

FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The following securities
were excluded from the calculation of diluted earnings per share in each period because their inclusion would have been anti-dilutive:

    Schedule of anti-dilutive shares 

    For the Three Months Ended December 31, 

    2024  
    2023 
  
    Options 
     129,000  
     125,