Forward industries, inc. (FORD)
Balance Sheet / Yearly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
Assets
Current assets:
Cash

2,068

3,092

2,709

2,386

4,417

4,369

4,341

3,326

5,904

4,622

4,061

3,649

4,240

4,760

-

-

-

-

-

-

-

-

-

6,125

5,399

-

5,011

-

-

4,608

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,235

3,268

3,324

4,042

4,287

2,704

4,982

6,477

7,013

-

-

6,616

-

4,024

3,696

-

7,185

9,719

11,084

14,911

15,459

18,471

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,051

-

1,226

-

-

405

1,122

1,311

420

-

-

-

0

-

-

Marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,256

-

1,169

1,080

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

7,320

6,695

8,464

7,822

9,303

9,024

9,003

9,247

5,599

6,218

6,637

4,424

5,766

4,864

4,729

5,985

6,523

5,454

5,327

5,657

6,154

6,124

5,467

-

-

4,382

6,222

4,735

4,622

7,533

6,149

5,766

6,247

3,894

4,932

4,621

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,567

6,079

-

-

-

-

-

-

-

-

-

-

-

Inventories

1,100

1,608

1,304

1,433

1,427

1,568

1,360

1,447

2,061

2,120

1,829

2,729

2,550

2,572

2,658

2,686

2,884

2,866

2,883

2,415

2,595

2,374

2,396

2,112

2,066

2,050

2,363

2,449

3,434

3,380

2,152

1,779

2,129

1,014

1,287

1,036

Note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

750

-

1,218

0

Prepaid expenses and other current assets

489

441

530

614

275

248

242

201

106

157

205

155

129

141

290

322

377

296

369

342

445

401

537

438

351

390

755

306

274

367

395

1,924

2,037

378

481

240

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

-

-

339

312

446

571

621

2,700

-

-

1,671

-

-

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

280

336

-

-

-

-

-

-

-

-

-

-

-

Total current assets

10,979

11,838

13,009

12,255

15,424

15,211

14,948

14,222

13,671

13,120

12,733

10,959

12,687

12,339

12,913

12,263

13,109

12,658

12,867

11,120

14,176

16,429

16,952

14,749

15,402

14,860

15,072

13,084

13,910

16,932

18,582

19,789

22,248

21,869

23,379

24,369

Property and equipment, net

221

243

275

307

327

358

326

360

33

20

26

31

37

43

81

96

109

78

90

100

105

98

97

111

122

129

123

132

129

138

234

300

330

302

206

115

Intangible assets, net

1,207

1,248

1,289

1,330

1,370

1,411

1,452

1,492

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

2,182

2,182

2,182

2,182

2,182

2,182

2,182

2,182

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment

326

326

326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right of use assets, net

3,569

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

217

255

284

340

63

63

63

63

12

12

12

12

12

12

12

12

40

40

40

40

40

40

69

-

-

40

-

40

40

-

27

88

88

88

108

46

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70

40

-

40

-

-

40

-

-

-

-

-

-

Total Assets

18,705

16,094

17,368

16,416

19,368

19,227

18,972

18,321

13,717

13,153

12,772

11,003

12,737

12,395

13,007

12,373

13,259

12,778

12,998

11,261

14,323

16,569

17,119

14,930

15,566

15,030

15,236

13,257

14,080

17,111

18,845

20,178

22,667

22,260

23,694

24,530

Liabilities and shareholders' equity
Current liabilities:
Line of credit

1,300

1,300

1,100

1,300

1,300

350

550

800

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

279

315

259

286

724

329

228

314

120

67

74

40

145

62

143

152

280

122

-

-

-

-

1,158

1,113

3,857

3,433

4,223

2,725

3,460

5,936

4,282

3,189

4,084

2,787

2,850

2,439

Due to Forward China

2,726

3,236

3,320

2,180

3,772

4,197

3,816

2,295

4,418

3,736

3,578

2,457

3,825

3,519

-

-

-

4,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Income

58

219

147

70

85

125

126

271

-

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable - short-term portion

1,630

1,654

1,679

1,695

1,715

1,770

1,823

1,876

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital leases payable - short-term portion

39

39

51

51

52

56

44

44

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred consideration - short-term portion

634

834

221

221

221

200

-

492

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability - short-term portion

271

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

695

694

661

599

463

594

743

527

172

213

341

292

342

587

-

-

-

1,039

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,365

1,153

1,105

1,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to Forward China

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,119

3,612

4,285

-

4,506

3,516

4,593

5,215

4,267

-

-

107

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

707

696

925

-

-

-

-

-

723

-

-

1,270

-

617

1,091

-

1,327

1,044

1,276

465

587

885

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

920

-

-

1,725

-

-

-

-

-

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-

-

25

35

199

69

261

806

-

-

324

-

-

Due to Forward China

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,046

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

829

1,152

-

-

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

3

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

7,635

8,295

7,441

6,405

8,334

7,624

7,334

6,623

4,711

4,186

3,994

2,791

4,313

4,169

4,969

4,461

5,491

5,329

5,872

4,670

5,699

6,434

6,157

3,996

5,013

4,837

5,178

-

-

7,923

-

-

-

-

-

-

Other liabilities
Notes payable - long-term portion

-

-

0

8

30

54

78

102

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital leases payable - long-term portion

18

26

35

43

53

64

40

47

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

0

60

59

55

51

47

43

37

-

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liability - long-term portion

3,388

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred consideration - long-term portion

-

-

317

317

317

338

538

1,044

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other liabilities

3,406

87

411

424

452

503

700

1,231

-

36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

33

-

40

44

48

51

54

58

111

115

119

123

126

115

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

82

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

82

-

82

-

-

0

-

-

-

-

-

-

Total Liabilities

11,042

8,383

7,852

6,830

8,787

8,128

8,034

7,855

4,744

4,223

4,035

2,836

4,361

4,221

5,024

4,519

5,603

5,445

5,991

4,793

5,825

6,549

6,191

4,079

5,095

4,919

5,261

3,541

4,621

7,923

6,416

4,233

5,360

3,577

3,437

3,324

6% Senior Convertible Preferred Stock, par value $0.01 per share; 1,500,000 shares authorized; 851,154 shares available; 0 and 648,846 shares issued and outstanding; aggregate liquidation value of $0 and $1,275,000; as of June 30, 2015 and September 30, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

833

804

-

-

716

397

-

-

0

-

-

-

-

-

-

6% Senior Convertible Preferred Stock, par value $0.01 per share; 1,500,000 shares authorized; 648,846 shares issued and outstanding (aggregate liquidation value of $1,275,000)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

774

746

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders' equity:
Preferred stock, par value $0.01 per share; 4,000,000 shares authorized; 2,400,000 undesignated at June 30, 2015 and September 30, 2014 Series A Participating Preferred stock, par value $0.01; 100,000 shares authorized; no shares issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

0

0

-

0

0

-

-

-

-

Common stock, par value $0.01 per share; 40,000,000 shares authorized; 9,533,851 and 9,533,851 shares issued and outstanding, respectively

95

95

95

95

95

95

95

95

88

89

89

87

87

87

87

87

86

86

86

85

84

91

-

-

-

-

-

88

88

-

88

88

-

87

-

-

Additional paid-in capital

18,969

18,936

18,901

18,868

18,732

18,720

18,707

18,471

17,932

17,936

17,878

17,862

17,832

17,783

17,731

17,681

17,629

17,550

17,483

17,441

17,493

18,747

-

-

-

-

-

17,247

17,123

-

16,969

17,169

16,982

16,845

16,739

16,469

Preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

0

-

-

0

-

0

0

Series A Participating Preferred stock, par value $0.01; 100,000 authorized; no shares issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Series A Participating Preferred stock, par value $001; 100,000 authorized; no shares issued and outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

Common stock, par value $0.01 per share; 40,000,000 shares authorized, 8,902,218 and 8,819,095 shares issued; and 8,195,808 and 8,112,685 shares outstanding, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

89

89

88

88

-

-

88

-

-

88

-

87

87

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,767

18,692

17,991

17,965

17,646

-

-

17,020

-

-

-

-

-

-

Treasury stock, 0 and 706,410 shares at cost at June 30, 2015 and September 30, 2014, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,260

1,260

-1,260

-1,260

1,260

-1,260

1,260

1,260

-1,260

1,260

1,260

1,260

1,260

1,260

1,260

Accumulated deficit

-11,401

-11,320

-9,481

-9,377

-8,246

-7,716

-7,864

-8,100

-9,048

-9,095

-9,208

-9,760

-9,523

-9,674

-9,815

-9,892

-10,037

-10,281

-10,541

-11,036

-10,347

-8,371

-7,452

-7,424

-7,076

-7,378

-6,876

-6,338

-6,486

-6,624

-3,356

-48

1,495

3,009

4,689

5,909

Accumulated other comprehensive income

-

-

-

-

-

-

-

-

0

-

-21

-21

-21

-21

-21

-22

-22

-21

-21

-22

-21

-20

-19

-19

-19

-20

-21

-21

-6

-35

-

-

-

-

-

-

Accumulated other comprehensive loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-4

0

0

-

-

Total shareholders' equity

7,662

7,711

9,515

9,586

10,580

11,099

10,937

10,466

8,973

8,930

8,736

8,167

8,375

8,174

7,982

7,853

7,656

7,333

7,006

6,468

7,209

9,186

10,124

10,076

9,724

9,394

-

9,715

9,459

-

12,429

15,944

17,307

-

-

21,206

Total shareholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,577

-

-

9,187

-

-

-

-

-

-

Total shareholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,257

-

Total liabilities and shareholders' equity

18,705

16,094

17,368

16,416

19,368

19,227

18,972

18,321

13,717

13,153

12,772

11,003

12,737

12,395

13,007

12,373

13,259

12,778

12,998

11,261

14,323

16,569

17,119

14,930

15,566

15,030

15,236

13,257

14,080

17,111

18,845

20,178

22,667

22,260

23,694

24,530