FORGE INNOVATION DEVELOPMENT CORP. (FGNV) Financial Statements (2024 and earlier)

Company Profile

Business Address 17700 CASTLETON STREET, SUITE 469
CITY OF INDUSTRY, CA 91748
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 6552 - Land Subdividers and Developers, Except Cemeteries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51260237366653
Cash and cash equivalents51260237366653
Receivables114 94110110
Prepaid expense   15128 
Other current assets  1    
Other undisclosed current assets1,00516   3
Total current assets:1,1242884252484766
Noncurrent Assets
Operating lease, right-of-use asset    63122
Property, plant and equipment648447253429
Other noncurrent assets      18
Other undisclosed noncurrent assets8,11914141414 
Total noncurrent assets:8,182986110117047
TOTAL ASSETS:9,306126145354655814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1278383   
Accounts payable  8383   
Other undisclosed accounts payable and accrued liabilities 127     
Deferred revenue 13   
Debt46687 59 
Deferred compensation liability 929     
Other liabilities  4191255
Due to related parties607124  
Other undisclosed current liabilities84  99  
Total current liabilities:1,606168180135645
Noncurrent Liabilities
Long-term debt and lease obligation28369 65 
Long-term debt, excluding current maturities28369   
Liabilities, other than long-term debt      
Other liabilities      
Operating lease, liability     65
Other undisclosed noncurrent liabilities4,354131314  
Total noncurrent liabilities:4,38249231465 
Total liabilities:5,9882172031491295
Equity
Equity, attributable to parent2,325(91)(57)205525809
Common stock555555
Additional paid in capital4,8061,4701,4701,4701,4701,470
Accumulated deficit(2,486)(1,566)(1,531)(1,269)(949)(666)
Equity, attributable to noncontrolling interest993     
Total equity:3,318(91)(57)205525809
TOTAL LIABILITIES AND EQUITY:9,306126145354655814

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues43812336363636
Gross profit:43812336363636
Operating expenses(1,690)(167)(321)(355)(321)(366)
Operating loss:(1,252)(44)(285)(319)(285)(330)
Nonoperating income (expense)11224 24
Investment income, nonoperating 488    4
Interest and debt expense(467)319   
Loss from continuing operations before equity method investments, income taxes:(1,717)(29)(241)(319)(283)(325)
Other undisclosed income (loss) from continuing operations before income taxes467(3)(19)   
Loss from continuing operations before income taxes:(1,250)(32)(261)(319)(283)(325)
Income tax expense  (2)(2)(1)(1)(1)
Loss from continuing operations:(1,250)(34)(262)(320)(283)(326)
Loss before gain (loss) on sale of properties:(262)(320)(283)(326)
Net loss:(1,250)(34)(262)(320)(283)(326)
Net income attributable to noncontrolling interest330     
Net loss available to common stockholders, diluted:(920)(34)(262)(320)(283)(326)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(1,250)(34)(262)(320)(283)(326)
Comprehensive loss:(1,250)(34)(262)(320)(283)(326)
Comprehensive income, net of tax, attributable to noncontrolling interest330     
Comprehensive loss, net of tax, attributable to parent:(920)(34)(262)(320)(283)(326)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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