Forward Industries, Inc. (FORD) financial statements (2021 and earlier)

Company profile

Business Address 700 VETERANS MEMORIAL HWY, SUITE 100
HAUPPAUGE, NY 11788
State of Incorp. NY
Fiscal Year End September 30
SIC 3089 - Plastics Products, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3322,9253,0851,3482,0693,0932,710
Cash and cash equivalents2,3322,9253,0851,3482,0693,0932,710
Receivables7,7297,6028,2657,3697,3216,6958,465
Inventory, net of allowances, customer advances and progress billings1,2571,2767276361,1001,6091,304
Inventory1,2571,2767276361,1001,6091,304
Deferred rent asset 13   19 
Other undisclosed current assets339406503610490422531
Total current assets:11,65812,22212,5809,96310,97911,83813,010
Noncurrent Assets
Operating lease, right-of-use asset3,4363,5123,4093,4903,570  
Property, plant and equipment205215219213221243275
Intangible assets, net (including goodwill)3,2373,2902,2942,3343,3903,4313,472
Goodwill1,7591,7591,1671,1672,1822,1822,182
Intangible assets, net (excluding goodwill)1,4781,5311,1261,1671,2081,2491,290
Other noncurrent assets72117138184217255284
Other undisclosed noncurrent assets    327327327
Total noncurrent assets:6,9507,1346,0606,2227,7264,2564,358
TOTAL ASSETS:18,60919,35618,64016,18518,70516,09417,368
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:595615626643696695662
Accounts payable213197297258279315259
Accrued liabilities 18   46 
Employee-related liabilities 178   170 
Other undisclosed accounts payable and accrued liabilities382222328384416164403
Deferred revenue17048552670859220148
Debt1,1151,9833,1972,0083,2022,9552,779
Deferred compensation liability 45296293634834221
Due to related parties3,4523,6223,2002,3082,7273,2373,321
Other undisclosed current liabilities2,0962,075560553319355311
Total current liabilities:7,4278,8268,4046,5137,6368,2967,441
Noncurrent Liabilities
Long-term debt and lease obligation3,2893,8894,0393,3343,389  
Long-term debt, excluding current maturities 530760    
Operating lease, liability3,2893,3593,2793,3343,389  
Liabilities, other than long-term debt6045   61376
Deferred compensation liability, classified6045    317
Deferred rent credit     6159
Other undisclosed noncurrent liabilities813(3,264)(3,324)182635
Total noncurrent liabilities:3,3563,9474,0543,3453,40787412
Total liabilities:10,78312,77312,4589,85711,0428,3837,853
Stockholders' equity
Stockholders' equity attributable to parent, including:7,8256,5836,1826,3277,6637,7119,515
Additional paid in capital19,62319,58019,07519,00618,96918,93618,902
Accumulated deficit(11,896)(13,095)(12,989)(12,773)(11,402)(11,320)(9,482)
Other undisclosed stockholders' equity attributable to parent99999695959595
Total stockholders' equity:7,8256,5836,1826,3277,6637,7119,515
TOTAL LIABILITIES AND EQUITY:18,60919,35618,64016,18518,70516,09417,368

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

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Revenues9,7188,6059,5497,9318,3939,1449,909
Cost of revenue(7,455)(6,915)(7,774)(6,478)(6,673)(7,071)(8,015)
Gross profit:2,2631,6911,7751,4531,7202,0731,894
Operating expenses(2,430)(787)(1,950)(3,120)(1,749)(3,564)(1,944)
Other undisclosed operating loss (1,015)     
Operating loss:(167)(112)(175)(1,667)(29)(1,492)(50)
Nonoperating income (expense)4(3)(40)295(53)(351)(54)
Other nonoperating income (expense)4     (2)
Interest and debt expense1,310(43)(37)(44)(51)(51)(52)
Income (loss) from continuing operations before equity method investments, income taxes:1,146(157)(252)(1,416)(133)(1,893)(156)
Other undisclosed income from continuing operations before income taxes53394 44515152
Income (loss) from continuing operations before income taxes:1,199237(252)(1,372)(82)(1,843)(104)
Other undisclosed income (loss) from continuing operations (9)   4 
Income (loss) before gain (loss) on sale of properties:1,199228(252)(1,372)(82)(1,839)(104)
Other undisclosed net income  37    
Net income (loss):1,199228(215)(1,372)(82)(1,839)(104)
Other undisclosed net loss attributable to parent (335)     
Net income (loss) available to common stockholders, diluted:1,199(107)(215)(1,372)(82)(1,839)(104)

Comprehensive Income ($ in thousands)

12/31/2020
Q1
9/30/2020
Q4
6/30/2020
Q3
3/31/2020
Q2
12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
Net income (loss):1,199228(215)(1,372)(82)(1,839)(104)
Comprehensive income (loss), net of tax, attributable to parent:1,199228(215)(1,372)(82)(1,839)(104)

Statements sources

The financial statements are based on the company's filings with the 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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