For the quarter ending 2025-12-31, FWDI has $892,946,117 in assets. $12,084,535 in debts.
| Balance Sheets | 2025-12-31 | 2025-09-30 | ||
|---|---|---|---|---|
| Cash | 25,388,079 | 38,166,973 | ||
| Accounts receivable, net of allowances for credit losses of 92,358 as of december 31, 2025 and september 30, 2025 | 2,994,696 | 1,635,171 | ||
| Contract assets | 1,067,429 | 1,064,264 | ||
| Loans receivable - digital assets - related party | 31,344,451 | - | ||
| Prepaid expenses and other current assets | 2,151,551 | 355,548 | ||
| Assets held for sale | - | 0 | ||
| Total current assets | 62,946,206 | 41,221,956 | ||
| Digital assets | 824,334,908 | 1,430,486,289 | ||
| Digital assets - restricted | 2,427,980 | - | ||
| Property and equipment, net | 98,693 | 124,331 | ||
| Intangible assets, net | - | 0 | ||
| Goodwill | - | 0 | ||
| Operating lease right-of-use assets, net | 2,188,415 | 2,303,776 | ||
| Other assets | 949,915 | 806,137 | ||
| Total assets | 892,946,117 | 1,474,942,489 | ||
| Note payable to forward china (related party) | - | 0 | ||
| Loans payable - digital assets | 3,499,535 | - | ||
| Accounts payable | 382,603 | 433,044 | ||
| Related party payables (note 14) | - | 923,513 | ||
| Accounts payable-related party | 1,616,434 | - | ||
| Deferred income | 720,185 | 292,525 | ||
| Current portion of operating lease liability | 426,750 | 450,949 | ||
| Accrued expenses and other current liabilities | 3,438,201 | 623,512 | ||
| Liabilities held for sale | - | 0 | ||
| Total current liabilities | 10,083,708 | 2,723,543 | ||
| Operating lease liability, less current portion | 2,000,827 | 2,094,079 | ||
| Total liabilities | 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 86,464,465 and 84,924,272 shares issued and outstanding, respectively, at december 31, 2025 86,145,514 shares issued and outstanding at september 30, 2025 | 864,645 | 861,455 | ||
| Treasury stock, at cost, 1,540,193 and 0 shares at december 31, 2025 and september 30, 2025, respectively | 10,882,955 | - | ||
| Additional paid-in capital | 1,663,142,458 | 1,655,874,892 | ||
| Accumulated deficit | -772,262,566 | -186,611,480 | ||
| Total shareholders' equity | 880,861,582 | 1,470,124,867 | ||
| Total liabilities and shareholders' equity | 892,946,117 | 1,474,942,489 | ||
Forward Industries, Inc. (FWDI)
Forward Industries, Inc. (FWDI)