Company: FWDI
Filing Date: 2025-01-17
Form Type: 10-K/A
Source: 0001683168-25-000424
Chunk: 2

Company: Forward Industries, Inc.
Filing Date: 2025-01-17
Form: 10-K/A
Chunk 2
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daq Stock Market.

There were 1,101,069 shares of the registrant’s
common stock outstanding as of December 6, 2024.

| Audit   
 Firm Id | Auditor     
 Name        | Auditor   
 Location  |
| 596     | CohnReznick 
 LLP         | Melville, 
 NY        |

<div align='center'>FORWARD INDUSTRIES, INC. AND SUBSIDIARIES

TABLE OF CONTENTS</div>

|                  |                                                                                                | Page 
  No. |
| Explanatory Note |                                                                                                |   ii |
| PART III         |                                                                                                |      |
| Item 10.         | Directors, Executive Officers and Corporate Governance                                         |    1 |
| Item 11.         | Executive Compensation                                                                         |    5 |
| Item 12.         | Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters |   11 |
| Item 13.         | Certain Relationships and Related Transactions and Director Independence                       |   12 |
| Item 14.         | Principal Accountant Fees and Services                                                         |   13 |
| PART IV          |                                                                                                |      |
| Item 15.         | Exhibits and Financial Statement Schedules                                                     |   14 |
| Signatures       |                                                                                                |   16 |

| i |

<div align='center'>EXPLANATORY NOTE</div>

This Amendment No. 1 on Form 10-K/A (this
“Amendment”) amends our Annual Report on Form 10-K for the fiscal year ended September 30, 2024 (the “Original Form
10-K”), as filed with of the Securities and Exchange Commission (“SEC”) on December 27, 2024, solely to include the
information required by and not included in Part III of the Original Form 10-K because we do not intend to file our definitive proxy
statement within 120 days of the end of our fiscal year ended September 30, 2024. In connection with the filing of this Amendment and
pursuant to the rules of the SEC, we are including new certifications of our principal executive officer and principal financial officer
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 with this Amendment. Accordingly, Item 15 of Part IV has also been amended
to reflect the filing of these new certifications. Because no financial statements are contained within this Amendment, we are not
filing currently dated certifications pursuant to Section 906