Forian Inc. (FORA)
Forian Inc. (FORA)
| Balance Sheets | 2026-03-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 30,951,187 | 4,660,622 | 5,369,817 | |
| Marketable securities | 0 | 23,564,416 | 30,279,208 | |
| Accounts receivable, net | 3,018,951 | 5,425,188 | 5,267,632 | |
| Contract assets, net | 879,920 | 2,744,722 | 2,666,627 | |
| Prepaid expenses | 1,030,954 | 1,416,542 | 1,561,617 | |
| Other current assets | 1,524,755 | 1,555,879 | 1,396,202 | |
| Total current assets | 37,405,767 | 39,367,369 | 46,541,103 | |
| Property and equipment | 92,682 | 121,403 | NaN | |
| Less accumulated depreciation | 67,041 | 87,937 | NaN | |
| Property and equipment, net | 25,641 | 33,466 | 37,504 | |
| Intangible assets, net | 953,449 | 1,049,644 | 1,097,741 | |
| Right of use assets, net | 6,104 | 18,097 | 23,988 | |
| Deposits and other assets | 422,628 | 785,759 | 762,301 | |
| Total assets | 38,813,589 | 41,254,335 | 48,462,637 | |
| Accounts payable | 3,792,858 | 2,114,339 | 1,875,222 | |
| Accrued expenses and other current liabilities | 3,509,381 | 3,996,995 | 3,906,323 | |
| Short-term operating lease liabilities | 6,104 | 18,097 | 23,988 | |
| Convertible notes payable, net of debt issuance costs (note 11) (0 and 6,000,000 in principal as of september 30, 2025 and december 31, 2024 was held by a related party. refer to note 14) | NaN | 0 | 6,804,016 | |
| Deferred revenues | 4,618,545 | 4,044,273 | 4,911,427 | |
| Total current liabilities | 11,926,888 | 10,173,704 | 17,520,976 | |
| Other long-term liabilities | NaN | 0 | 0 | |
| Total long-term liabilities | NaN | 0 | 0 | |
| Total liabilities | 11,926,888 | 10,173,704 | 17,520,976 | |
| Common stock par value 0.001 95,000,000 shares authorized 31,240,881 issued and outstanding as of march 31, 2026 and 31,072,251 issued and outstanding as of december 31, 2025 | 31,241 | 30,997 | 31,203 | |
| Additional paid-in capital | 83,006,722 | 82,017,033 | 81,726,637 | |
| Accumulated deficit | -56,151,262 | -50,967,399 | -50,816,179 | |
| Total stockholders' equity | 26,886,701 | 31,080,631 | 30,941,661 | |
| Total liabilities and stockholders' equity | 38,813,589 | 41,254,335 | 48,462,637 | |