Forward Industries, Inc. (FORD) financial statements (2020 and earlier)

Company profile

Business Address 477 ROSEMARY AVE.
WEST PALM BEACH, FL 33401
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)

12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0693,0932,7102,3864,4174,3704,342
Cash and cash equivalents2,0693,0932,7102,3864,4174,3704,342
Receivables7,3216,6958,4657,8229,3049,0259,003
Inventory, net of allowances, customer advances and progress billings1,1001,6091,3041,4331,4271,5691,361
Inventory1,1001,6091,3041,4331,4271,5691,361
Deferred rent asset 19     
Other undisclosed current assets490422531614276248242
Total current assets:10,97911,83813,01012,25615,42415,21214,948
Noncurrent Assets
Operating lease, right-of-use asset3,570   
Property, plant and equipment221243275307328359327
Intangible assets, net (including goodwill)3,3903,4313,4723,5133,5533,5943,635
Goodwill2,1822,1822,1822,1822,1822,1822,182
Intangible assets, net (excluding goodwill)1,2081,2491,2901,3301,3711,4111,452
Other noncurrent assets217255284340646464
Other undisclosed noncurrent assets327327327    
Total noncurrent assets:7,7264,2564,3584,1603,9444,0164,025
TOTAL ASSETS:18,70516,09417,36816,41619,36819,22818,973
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:696695662599464595744
Accounts payable279315259286724 229
Accrued liabilities 46   189 
Employee-related liabilities 170   168 
Other undisclosed accounts payable and accrued liabilities416164403313(261)237515
Deferred revenue5922014871
Debt3,2022,9552,7792,9963,0682,1772,418
Deferred compensation liability634834221221221200 
Due to related parties2,7273,2373,3212,1803,7724,1973,817
Other undisclosed current liabilities319355311338810455356
Total current liabilities:7,6368,2967,4416,4058,3357,6247,334
Noncurrent Liabilities
Long-term debt and lease obligation3,389  884118119
Long-term debt, excluding current maturities   8305479
Capital lease obligations546440
Operating lease, liability3,389   
Liabilities, other than long-term debt 61376373368386582
Deferred compensation liability, classified  317317317338538
Deferred rent credit 615956514844
Other undisclosed noncurrent liabilities18263544   
Total noncurrent liabilities:3,40787412425453504700
Total liabilities:11,0428,3837,8536,8308,7888,1288,035
Stockholders' equity
Stockholders' equity attributable to parent, including:7,6637,7119,5159,58610,58111,10010,938
Additional paid in capital18,96918,93618,90218,86818,73218,72018,707
Accumulated deficit(11,402)(11,320)(9,482)(9,378)(8,247)(7,716)(7,865)
Other undisclosed stockholders' equity attributable to parent95959595959595
Total stockholders' equity:7,6637,7119,5159,58610,58111,10010,938
TOTAL LIABILITIES AND EQUITY:18,70516,09417,36816,41619,36819,22818,973

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

12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
Revenues8,3939,1449,9098,17210,1839,6119,540
Cost of revenue(6,673)(7,071)(8,015)(6,862)(8,880)(7,734)(7,626)
Gross profit:1,7202,0731,8941,3111,3031,8771,914
Operating expenses(1,749)(3,564)(1,944)(2,386)(1,784)(1,689)(2,124)
Operating income (loss):(29)(1,492)(50)(1,075)(481)188(210)
Nonoperating income (expense)(53)(351)(54)(56)(50)(39)446
Interest and debt expense(51)(51)(52)(53)(45)(38)(47)
Income (loss) from continuing operations before equity method investments, income taxes:(133)(1,893)(156)(1,184)(576)111189
Other undisclosed income from continuing operations before income taxes51515253453847
Income (loss) from continuing operations before income taxes:(82)(1,843)(104)(1,131)(531)149235
Other undisclosed income from continuing operations 4     
Net income (loss) available to common stockholders, diluted:(82)(1,839)(104)(1,131)(531)149235

Comprehensive Income ($ in thousands)

12/31/2019
Q1
9/30/2019
Q4
6/30/2019
Q3
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
Net income (loss):(82)(1,839)(104)(1,131)(531)149235
Comprehensive income (loss), net of tax, attributable to parent:(82)(1,839)(104)(1,131)(531)149235

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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