For the quarter ending 2025-09-30, FGNV had -$52,282 decrease in cash & cash equivalents over the period. -$76,086 in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Depreciation expense | - | 154,789 |
| Reserve for other current asset | - | 98,501 |
| Expense paid by a related party on behalf of the company | 0 | 0 |
| Share-based compensation | 0 | 0 |
| Accrued interest | 0 | 0 |
| Unearned revenue | 2,439 | -2,439 |
| Due to related party | 0 | - |
| Other current liabilities and other liabilities | 0 | 0 |
| Security deposit payable | 0 | 0 |
| Depreciation expense | 16,512 | - |
| Interest expense | -182,960 | 183,210 |
| Loss on disposal of legend lps ownership | -1,087,938 | - |
| Account receivable | 58,919 | 7,081 |
| Prepaid expense and other current assets | -127,041 | 130,869 |
| Accounts payable and accrued liabilities | -119,429 | 122,203 |
| Rent payable | 0 | -4,706 |
| Net loss from continued operation | -61,734 | - |
| Net loss from discontinued operation | -977,152 | - |
| Net loss | -695,418 | -343,468 |
| Net cash used in operating activities | -76,086 | 70,140 |
| Purchase of property and equipment | 0 | 0 |
| Cash transferred in connection with the disposal of legend lps ownership | 87,020 | - |
| Net cash used in investing activities | -87,020 | 0 |
| Proceeds from commercial loan | -1,883 | 1,883 |
| Repayment to related parties | 0 | 0 |
| Repayment of commercial and sba loans | -109,743 | 115,944 |
| Advance from related parties | 2,954 | 63,800 |
| Bank overdraft | 10 | - |
| Net cash provided by financing activities | 110,824 | -50,261 |
| Net (decrease) increase in cash | -52,282 | 19,879 |
| Cash and cash equivalents at beginning of period | 32,403 | - |
| Cash and cash equivalents at end of period | 0 | - |
FORGE INNOVATION DEVELOPMENT CORP. (FGNV)
FORGE INNOVATION DEVELOPMENT CORP. (FGNV)