ford: the balance sheet

MyFinsight

For the quarter ending 2025-06-30, FORD has $8,294,323 in assets. $4,943,358 in debts.

Unit: Dollar

Balance Sheets	2025-06-30
Prepaid expenses and other current assets	383,536
Contract assets	724,905
Cash	1,263,162
Assets held for sale	0
Accounts receivable, net of allowances for credit losses of 15,916 and27,282 as of june 30, 2025 and september 30, 2024, respectively	1,193,494
Total current assets	3,565,097
Property and equipment, net	153,855
Other assets	303,539
Operating lease right-of-use assets	2,417,332
Intangible assets, net	520,818
Goodwill	1,333,682
Total assets	8,294,323

Current portion of operating lease liability	474,799
Note payable to forward china (related party)	600,000
Liabilities held for sale	0
Deferred income	309,976
Accounts payable	208,811
Accrued expenses and other current liabilities	311,007
Due to forward china (related party)	450,000
Total current liabilities	2,354,593
Operating lease liability, less current portion	2,185,877
Warrant liability	402,888
Total liabilities	4,943,358
Accumulated deficit	-22,646,838
Preferred stock, value-Series BConvertible Preferred Stock	10,000
Preferred stock, value-Series A1Convertible Preferred Stock	4,925,000
Common stock, 40,000,000 shares authorized par value 0.01 per share 1,125,998 and 1,101,069 shares issued and outstanding at june 30, 2025 and september 30, 2024, respectively	11,260
Additional paid-in capital	21,051,543
Total shareholders' equity	3,350,965
Total liabilities and shareholders' equity	8,294,323