| Balance Sheets | 2025-09-30 | |||
|---|---|---|---|---|
| Cash | 38,166,973 | |||
| Accounts receivable, net of allowances for credit losses of 92,358 and 27,282 as of september 30, 2025 and 2024, respectively | 1,635,171 | |||
| Contract assets | 1,064,264 | |||
| Prepaid expenses and other current assets | 355,548 | |||
| Assets held for sale | 0 | |||
| Total current assets | 41,221,956 | |||
| Digital assets | 1,430,486,289 | |||
| Property and equipment, net | 124,331 | |||
| Intangible assets, net | 0 | |||
| Goodwill | 0 | |||
| Operating lease right-of-use assets, net | 2,303,776 | |||
| Other assets | 806,137 | |||
| Total assets | 1,474,942,489 | |||
| Note payable to forward china (related party) | 0 | |||
| Accounts payable | 433,044 | |||
| Related party payables (note 14) | 923,513 | |||
| Deferred income | 292,525 | |||
| Current portion of operating lease liability | 450,949 | |||
| Accrued expenses and other current liabilities | 623,512 | |||
| Liabilities held for sale | 0 | |||
| Total current liabilities | 2,723,543 | |||
| Operating lease liability, less current portion | 2,094,079 | |||
| Total liabilities | 4,817,622 | |||
| Preferred stock, value-Series A1Convertible Preferred Stock | 0 | |||
| Preferred stock, value-Series BConvertible Preferred Stock | 0 | |||
| Common stock, 300,000,000 shares authorized par value 0.01 per share 86,145,514 and 1,101,069 shares issued and outstanding at september 30, 2025 and 2024, respectively | 861,455 | |||
| Additional paid-in capital | 1,655,874,892 | |||
| Accumulated deficit | -186,611,480 | |||
| Total shareholders' equity | 1,470,124,867 | |||
| Total liabilities and shareholders' equity | 1,474,942,489 | |||
Forward Industries, Inc. (FWDI)
Forward Industries, Inc. (FWDI)