Forward Industries, Inc. (FORD) Financial Statements (2024 and earlier)

Company Profile

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

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8212,3562,3322,5762,2781,541
Cash and cash equivalents2,8212,3562,3322,5762,2781,541
Receivables7,6598,1858,5237,5438,7388,661
Inventory, net of allowances, customer advances and progress billings1,8932,9214,1393,8014,8723,897
Inventory1,8932,9214,1393,8014,8723,897
Disposal group, including discontinued operation      
Other undisclosed current assets690511394418483841
Total current assets:13,06313,97315,38814,33716,37114,941
Noncurrent Assets
Operating lease, right-of-use asset3,1253,2273,3283,4283,6333,742
Property, plant and equipment282261262241234247
Intangible assets, net (including goodwill)2,7052,7582,8112,8652,9182,971
Goodwill1,7591,7591,7591,7591,7591,759
Intangible assets, net (excluding goodwill)9461,0001,0531,1061,1591,212
Other noncurrent assets696969697272
Total noncurrent assets:6,1816,3156,4706,6026,8587,032
TOTAL ASSETS:19,24420,28821,85820,93923,22921,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2839586951,151433464
Accounts payable 409 268433464
Accrued liabilities 701474258722  
Other undisclosed accounts payable and accrued liabilities 58275437161  
Deferred revenue265166335439623621
Debt      1,500
Deferred compensation liability    25 25
Due to related parties9,4767,7148,7567,240
Other undisclosed current liabilities9,0399,7839636491,4911,193
Total current liabilities:10,58710,90711,4699,97811,30411,042
Noncurrent Liabilities
Long-term debt and lease obligation1,2001,3001,3504,6504,8583,514
Long-term debt, excluding current maturities1,2001,3001,3501,4001,450 
Liabilities, other than long-term debt2,9733,0773,179457045
Deferred compensation liability, classified 303030457045
Operating lease, liability2,9433,0473,1493,2503,4083,514
Total noncurrent liabilities:4,1734,3774,5294,6954,9283,559
Total liabilities:14,76015,28415,99814,67316,23214,601
Equity
Equity, attributable to parent, including:4,4845,0045,8606,2666,9977,372
Additional paid in capital20,17120,15520,14020,11620,06320,019
Accumulated deficit(15,788)(15,251)(14,380)(13,950)(13,167)(12,748)
Other undisclosed equity, attributable to parent101101101101101101
Total equity:4,4845,0045,8606,2666,9977,372
TOTAL LIABILITIES AND EQUITY:19,24420,28821,85820,93923,22921,973

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

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Revenues10,12710,65810,8109,82010,58910,315
Cost of revenue(8,304)(9,146)(8,891)(8,241)(8,671)(8,062)
Gross profit:1,8231,5121,9191,5791,9182,253
Operating expenses(2,345)(2,356)(2,386)(2,324)(2,304)(2,575)
Operating income (loss):(522)(844)(467)(745)(386)(323)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
0(1)25(6)(3)(3)
Interest and debt expense(25)(27)(28)(29)(30)(31)
Income (loss) from continuing operations before equity method investments, income taxes:(547)(872)(470)(780)(419)(356)
Other undisclosed income from continuing operations before income taxes10140   
Income (loss) from continuing operations before income taxes:(537)(871)(430)(780)(419)(356)
Other undisclosed loss from continuing operations   (3)  
Income (loss) from continuing operations:(537)(871)(430)(783)(419)(356)
Loss before gain (loss) on sale of properties:(783)(419)(356)
Other undisclosed net income (loss)   0  
Net loss:(537)(871)(430)(783)(419)(356)
Other undisclosed net loss attributable to parent    (0)  
Net loss available to common stockholders, diluted:(537)(871)(430)(783)(419)(356)

Comprehensive Income ($ in thousands)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net loss:(537)(871)(430)(783)(419)(356)
Comprehensive loss, net of tax, attributable to parent:(537)(871)(430)(783)(419)(356)

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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