Forward Industries, Inc. (FORD)
2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-06-30 | |
|---|---|---|---|---|
| Revenues, net | 2,494,769 | 3,122,933 | 6,615,607 | 7,886,726 |
| Cost of sales | - | - | 3,491,428 | 3,728,562 |
| Cost of sales - related party | - | - | 1,623,126 | 2,552,274 |
| Cost of sales | 3,115,727 | 3,301,694 | 5,114,554 | 6,280,836 |
| Gross profit/(loss) | -620,958 | -178,761 | 1,501,053 | 1,605,890 |
| Goodwill impairment | - | - | 225,000 | - |
| General and administrative expenses | 1,799,140 | 1,495,142 | 1,679,654 | 1,637,825 |
| Sales and marketing expenses | 139,683 | 147,855 | 304,719 | 349,644 |
| Operating loss | -2,559,781 | -1,821,758 | -708,320 | -381,579 |
| Interest expense - related party | 12,099 | 11,836 | 11,967 | 14,451 |
| Interest income | 6,964 | 12,947 | 15,594 | 20,181 |
| Gain on change in fair value of warrant liability | 160,223 | - | - | - |
| Other (income)/expense, net | 340 | -1,562 | -3,372 | -1,218 |
| Loss from continuing operations before income taxes | -2,404,353 | -1,822,209 | -708,065 | -377,067 |
| Provision for income taxes | - | - | - | - |
| Loss from continuing operations | -2,404,353 | -1,822,209 | -708,065 | -377,067 |
| Income from discontinued operations, net of tax | 1,554,331 | 370,598 | - | -22,518 |
| Net loss | -850,022 | -1,451,611 | -708,065 | -399,585 |
| Deemed dividend on series b convertible preferred stock | 10,278 | - | - | - |
| Net loss attributable to common shareholders | -860,300 | -1,451,611 | -708,065 | -399,585 |
| Basic | 1,113,670 | 1,101,069 | 1,101,069 | 1,101,069 |
| Basic loss per share | -0.77 | -1.32 | -0.64 | -0.36 |
| Diluted | 1,113,670 | 1,101,069 | 1,101,069 | 1,101,069 |
| Diluted loss per share | -0.77 | -1.32 | -0.64 | -0.36 |