Forward Industries, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $38.2M | $2.8M | $2.8M | $2.6M | $1.4M | $2.9M | — | — |
| Accounts Receivable | $1.6M | $2.3M | $7.0M | $7.5M | $8.8M | $7.6M | $6.7M | $9.0M |
| Inventory | — | $490.0K | $334.4K | $650.9K | $2.1M | $1.3M | $1.6M | $1.6M |
| Total Current Assets | $41.2M | $9.6M | $11.4M | $14.3M | $12.8M | $12.2M | $11.8M | $15.2M |
| Property, Plant & Equipment | $124.3K | $218.0K | $274.0K | $241.1K | $168.0K | $215.3K | $243.0K | $359.0K |
| Goodwill | $0 | $1.6M | $1.8M | $1.8M | $1.8M | $1.8M | $2.2M | $2.2M |
| Intangible Assets (Excl. Goodwill) | $0 | $680.4K | $893.1K | $1.1M | $1.3M | $1.5M | $1.2M | $1.4M |
| Total Assets | $1.47B | $14.8M | $17.4M | $20.9M | $19.9M | $19.4M | $16.1M | $19.2M |
| Liabilities | ||||||||
| Accounts Payable | $433.0K | $103.6K | $518.9K | $268.2K | $392.0K | $197.0K | $315.4K | $330.0K |
| Total Current Liabilities | $2.7M | $9.4M | $10.8M | $10.0M | $7.2M | $8.8M | $8.3M | $7.6M |
| Long-Term Debt | — | — | — | — | — | $530.0K | $0 | $54.3K |
| Total Liabilities | $4.8M | $11.8M | $14.8M | $14.7M | $12.4M | $12.8M | $8.4M | $8.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-186.6M | $-19.6M | $-17.7M | $-13.9M | $-12.6M | $-13.1M | $-11.3M | $-7.7M |
| Total Stockholders' Equity | $1.47B | $3.0M | $2.6M | $6.3M | $7.4M | $6.6M | $7.7M | $10.6M |