FORWARD INDUSTRIES, INC.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $11.0M | $16.6M | $25.4M | $38.2M | $1.3M | $1.8M | $2.3M | $2.8M |
| Accounts Receivable | $1.9M | $2.4M | $3.0M | $1.6M | $1.2M | $1.8M | $2.5M | $2.3M |
| Inventory | — | — | — | — | — | — | $753.0K | $490.0K |
| Total Current Assets | $22.1M | $21.6M | $62.9M | $41.2M | $3.6M | $7.7M | $8.6M | $9.6M |
| Property, Plant & Equipment | $58.0K | $78.8K | $98.7K | $124.3K | $153.9K | $164.8K | $192.9K | $218.0K |
| Goodwill | — | — | — | $0 | $1.3M | $1.3M | $1.3M | $1.6M |
| Intangible Assets (Excl. Goodwill) | — | — | — | $0 | $520.8K | $574.0K | $627.2K | $680.4K |
| Total Assets | $602.5M | $608.5M | $892.9M | $1.47B | $8.3M | $12.3M | $13.5M | $14.8M |
| Liabilities | ||||||||
| Accounts Payable | $283.5K | $274.5K | $382.6K | $433.0K | $208.8K | $137.4K | $150.1K | $103.6K |
| Total Current Liabilities | $127.8M | $54.6M | $10.1M | $2.7M | $2.4M | $6.5M | $8.8M | $9.4M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $128.3M | $57.1M | $12.1M | $4.8M | $4.9M | $8.8M | $11.2M | $11.8M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.12B | $-1.06B | $-772.3M | $-186.6M | $-22.6M | $-21.8M | $-20.3M | $-19.6M |
| Total Stockholders' Equity | $474.2M | $551.5M | $880.9M | $1.47B | $3.4M | $3.6M | $2.3M | $3.0M |