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Forward Industries, Inc. (FWDI)

Forward Industries, Inc. (FWDI)

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Balance Sheets Overview

Current Ratio
17.31%
Quick Ratio
17.31%
Debt to Asset Ratio
21.30%
Unit: Dollar
Assets Breakdown
    • Digital assets
    • Digital assets pledged as collat...
    • Cash
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Accumulated deficit
    • Loans payable - related party
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash
10,965,165
16,633,010
25,388,079
38,166,973
Marketable equity securities, at fair value
2,317,500
-
-
-
Accounts receivable, net of allowances for credit losses of 97,964 and 92,358 as of june 30, 2026 and september 30, 2025, respectively
1,916,677
2,415,032
2,994,696
1,635,171
Contract assets
476,175
542,702
1,067,429
1,064,264
Digital assets receivable - related party
134,729
-
-
-
Loans receivable - digital assets - related party
-
-
31,344,451
-
Derivative assets
4,925,557
-
-
-
Prepaid expenses and other current assets
1,383,828
2,028,827
2,151,551
355,548
Assets held for sale
-
-
-
0
Total current assets
22,119,631
21,619,571
62,946,206
41,221,956
Digital assets
335,848,635
505,669,390
824,334,908
-
Digital assets - restricted
1,217,050
1,622,920
2,427,980
-
Digital assets pledged as collateral with related party
239,518,295
75,847,614
-
-
Digital assets
-
-
-
1,430,486,289
Investment
1,900,943
-
-
-
Property and equipment, net
57,955
78,785
98,693
124,331
Intangible assets, net
-
-
-
0
Goodwill
-
-
-
0
Operating lease right-of-use assets, net
814,027
2,724,531
2,188,415
2,303,776
Other assets
1,058,128
949,915
949,915
806,137
Total assets
602,534,664
608,512,726
892,946,117
1,474,942,489
Loans payable - related party
105,000,000
40,000,000
-
-
Note payable to forward china (related party)
-
-
-
0
Loans payable - digital assets
12,519,409
10,024,188
3,499,535
-
Accounts payable
283,510
274,521
382,603
433,044
Related party payables (note 14)
-
-
-
923,513
Accounts payable - related party
553,787
551,782
1,616,434
-
Deferred income
504,879
612,108
720,185
292,525
Derivative liabilities
7,344,162
-
-
-
Current portion of operating lease liability
437,725
481,205
426,750
450,949
Accrued expenses and other current liabilities
1,130,726
2,632,441
3,438,201
623,512
Liabilities held for sale
-
-
-
0
Total current liabilities
127,774,198
54,576,245
10,083,708
2,723,543
Operating lease liability, less current portion
549,254
2,479,896
2,000,827
2,094,079
Total liabilities
128,323,452
57,056,141
12,084,535
4,817,622
Preferred stock, value-Series A1Convertible Preferred Stock
-
-
-
0
Preferred stock, value-Series BConvertible Preferred Stock
-
-
-
0
Common stock, 0.01 par value 300,000,000 shares authorized 87,163,107 and 73,846,883 shares issued and outstanding, respectively, at june 30, 2026 86,145,514 shares issued and outstanding at september 30, 2025
871,631
870,695
864,645
861,455
Treasury stock, at cost, 13,316,224 and 0 shares at june 30, 2026 and september 30, 2025, respectively
69,862,786
58,022,336
10,882,955
-
Additional paid-in capital
1,667,506,242
1,663,952,928
1,663,142,458
1,655,874,892
Accumulated deficit
-1,124,303,875
-1,055,344,702
-772,262,566
-186,611,480
Total shareholders equity
474,211,212
551,456,585
880,861,582
1,470,124,867
Total liabilities and shareholders equity
602,534,664
608,512,726
892,946,117
1,474,942,489
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Cash$10,965,165 Derivative assets$4,925,557 Marketable equitysecurities, at fair value$2,317,500 Accounts receivable, netof allowances for...$1,916,677 Prepaid expenses andother current assets$1,383,828 Contract assets$476,175 Digital assetsreceivable - related party$134,729 Digital assets$335,848,635 Digital assets pledgedas collateral with...$239,518,295 Total current assets$22,119,631 Investment$1,900,943 Digital assets -restricted$1,217,050 Other assets$1,058,128 Operating leaseright-of-use assets, net$814,027 Property and equipment,net$57,955 Total assets$602,534,664 Total liabilities andshareholders equity$602,534,664 Total shareholdersequity$474,211,212 Total liabilities$128,323,452 Accumulated deficit-$1,124,303,875 Treasury stock, at cost,13,316,224 and 0 shares at...$69,862,786 Additional paid-in capital$1,667,506,242 Total currentliabilities$127,774,198 Operating leaseliability, less current...$549,254 Common stock, 0.01 parvalue 300,000,000...$871,631 Loans payable -related party$105,000,000 Loans payable -digital assets$12,519,409 Derivative liabilities$7,344,162 Accrued expenses andother current...$1,130,726 Accounts payable -related party$553,787 Deferred income$504,879 Current portion ofoperating lease liability$437,725 Accounts payable$283,510