Forward industries, inc. (FORD)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'13Sep'12Sep'11Sep'10
Cash Flows From Operating Activities:
Net loss

-3,604

1,379

579

606

-1,433

-

-

-2,900

-1,684

Net loss for the period

-

-

-

-

-

-206

-9,634

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Realized and unrealized loss on marketable securities

-

-

-

-

-

722

0

-

-

Share-based compensation

215

289

155

236

69

436

175

376

268

Depreciation and amortization

311

228

22

52

53

-

-

74

53

Loss on disposal of property and equipment

-

-

-

-31

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

0

-

-

-

-

Realized and unrealized loss on marketable securities

-

-

-

-

-110

-

-

-

-

Change in fair value of warrant liability.

-

-

-

-

-

-49

0

-

-

Depreciation and amortization.

-

-

-

-

-

75

103

-

-

Bad debt expense (recovery)

2,065

125

0

-

-

35

23

1

8

Change in fair value of earn-out consideration

-

-

0

-

-

-

-

-

-

Change in fair value of deferred cash consideration

-

-

0

-

-

-

-

-

-

Deferred rent

-

-

-

17

14

-

-

-

-

Deferred rent

-16

-13

11

-

-

-

-

-

-

Deferred tax asset

0

747

0

-

-

-

-

-

-

Fair value adjustment of earn-out consideration

-260

510

-

-

-

-

-

-

-

Fair value adjustment of deferred cash consideration

-36

-12

-

-

-

-

-

-

-

Fair value of cost method investment for services provided

326

0

-

-

-

-

-

-

-

Provision for obsolete inventory

-

-

-

-

-

-

-

-

29

Loss on disposal of property and equipment

-

-

-

-

-

9

130

-15

-2

Accounts receivable

-263

587

1,354

-589

-670

2,862

-3,689

-725

1,370

Inventories

39

-552

-452

-293

491

1,681

-2,686

20

399

Prepaid expenses and other current assets

193

-106

16

-154

-105

161

407

287

11

Other assets

-

-

-

-

0

-

-

-42

-13

Other assets

191

0

-

-28

-

-

-

-

-

Accounts payable and due to Forward China

-975

574

243

-709

-

-

-

-

-

Deferred income

94

-311

-139

-

-

-

-

-

-

Operating lease liabilities

-

-

-

-51

-

-

-

-

-

Other assets.

-

-

-

-

-

-0

48

-

-

Accounts payable and due to Forward China

-

-

-

-

-1,596

-2,416

3,035

508

615

Accrued expenses and other current liabilities

97

-168

-67

-445

505

-1,059

1,298

-255

784

Proceeds from sales of marketable securities

-

-

-

-

952

87,275

0

-

-

Net cash used in operating activities

-1,969

956

-137

768

-

2,250

-10,786

-1,793

-

Other liabilities

-

-

-

-

0

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-2,021

-

-

-

-1,690

Cash Flows From Investing Activities:
Issuance of note receivable

-

-

-

-

-

-

-

1,490

-

Repayments received from note receivable

-

-

-

-

-

0

1,000

-

-

Purchases of marketable securities

-

-

-

-

10

-88,634

-444

-

-

Purchases of property and equipment

33

55

0

48

33

-74

-72

276

8

Cash acquired in IPS purchase

0

600

0

-

-

-

-

-

-

Cash used to purchase IPS

0

1,930

0

-

-

-

-

-

-

Net cash used in investing activities

-33

-1,385

0

-48

-

-1,432

483

-1,766

-

Net cash used in investing activities

-

-

-

-

908

-

-

-

-8

Restricted stock repurchased and retired

-

-

-

1

-

-

-

-

-

Cash Flows From Financing Activities:
Proceeds from Note issued to Forward China

0

1,600

0

-

-

-

-

-

-

Proceeds from Line of Credit borrowings

1,550

900

0

-

-

-

-

-

-

Repayment of Line of Credit borrowings

600

1,500

0

-

-

-

-

-

-

Repayment of notes payable

169

297

0

-

-

-

-

-

-

Repayments on capital equipment leases

54

26

0

-

-

-

-

-

-

Cash Payment to Former IPS Owners

0

500

-

-

-

-

-

-

-

Payment of deferred cash consideration

-

-

0

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

-14

0

-

-

Net cash provided by (used in) financing activities

725

175

0

-1

-

1,191

0

-

-

Redemption of 6% Senior Convertible Preferred Stock

-

-

-

-

1,287

-

-

-

-

Redemption of 6% Senior Convertible Preferred Stock

-

-

-

-

-

1,205

0

-

-

Dividends paid

-

-

-

-

21

-

-

-

-

Restricted stock repurchased and retired

-

-

-

-

12

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

67

Net cash used in financing activities

-

-

-

-

-1,321

-

-

-

67

Net decrease in cash

-1,277

-253

-137

718

-

-

-

-

-

Supplemental Disclosure of Cash Flow Information:
Cash paid for interest

201

115

0

0

-

-

-

-

-

Cash paid for taxes

0

2

0

0

-

-

-

-

-

Supplemental Disclosure of Non-Cash Information:
Net decrease in cash and cash equivalents

-

-

-

-

-2,435

2,008

-10,303

-

-1,631

Income taxes

-

-

-

-

-

5

0

0

-

Preferred stock accretion

-

-

-

-

454

-

-

-

-

Preferred stock accretion

-

-

-

-

-

24

0

-

-

Shares issued to Purchase IPS

0

500

0

-

-

-

-

-

-

Property and equipment funded by capital lease borrowings

0

55

0

-

-

-

-

-

-

Conversion of note receivable to advanced royalties is reflected in prepaid expenses and other current assets (refer to Note 13)

-

-

-

-

-

-

-

490

-