For the quarter ending 2025-09-30, FGNV has $163,696 in assets. $342,484 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Accounts receivable related party-Related Party | 125,500 | - | ||
| Prepaid expense and other current assets | 7,389 | 52,494 | ||
| Cash | - | 52,282 | ||
| Rent receivables | - | 154,821 | ||
| Total current assets | 132,889 | 259,597 | ||
| Total property and equipment | 138,782 | - | ||
| Less accumulated depreciation | 107,974 | - | ||
| Property and equipment, net | 30,807 | 36,311 | ||
| Real estate investments, net | - | 7,823,829 | ||
| Total non-current assets | 30,807 | 7,860,140 | ||
| Total assets | 163,696 | 8,119,737 | ||
| Unearned revenue | - | 12,688 | ||
| Accounts payable and accrued liabilities | 83,602 | 313,183 | ||
| Due to related parties | 170,728 | - | ||
| Bank overdraft | 10 | - | ||
| Due to related parties-Related Party | - | 600,365 | ||
| Rent payable | 52,353 | 52,353 | ||
| Loan payables, current | 9,084 | 610,552 | ||
| Total current liabilities | 315,777 | 1,589,141 | ||
| Security deposits payable | - | 168,809 | ||
| Long-term portion of chase auto loan | 14,086 | 16,098 | ||
| Long-term portion of sba loan | 12,621 | 12,729 | ||
| Rent payable | - | 0 | ||
| Long term portion of property tax payable | - | 87,926 | ||
| Commercial loan | - | 4,830,496 | ||
| Preferred stock, .0001 par value, 50,000,000 shares authorized no share issued and outstanding | - | 0 | ||
| Total liabilities | 342,484 | 6,705,199 | ||
| Common stock, .0001 par value, 200,000,000 shares authorized, 50,389,011 and 50,389,011 shares issued and outstanding as of september 30, 2025 and december 31, 2024 | 5,039 | 5,039 | ||
| Additional paid-in capital | 4,806,201 | 4,806,201 | ||
| Total forge stockholders equity | - | 874,779 | ||
| Shares to be returned (received) | -196,715 | - | ||
| Noncontrolling interests | - | 539,759 | ||
| Accumulated deficit | -4,793,313 | -3,936,461 | ||
| Total (deficit) equity | -178,788 | 1,414,538 | ||
| Total liabilities and equity | 163,696 | 8,119,737 | ||
FORGE INNOVATION DEVELOPMENT CORP. (FGNV)
FORGE INNOVATION DEVELOPMENT CORP. (FGNV)