FGNV · Forge Innovation Development Corp. · Financials
Substantial doubt about the company's ability to continue as a going concern.
“The Company demonstrates adverse conditions that raise substantial doubt about the Company's ability to continue as a going concern. These adverse conditions are negative financial trends, specifically cash outflow from operating activities, operating losses, accumulated deficit and other adverse key financial ratios. Management's plan to alleviate the substantial doubt about the Company's ability to continue as a going concern include attempting to improve its business profitability, its ability to generate sufficient cash flow from its operations and execute the business plan of the Company in order to meet its operating needs on a timely basis. However, there can be no assurance that these plans and arrangements will be sufficient to fund the Company's ongoing capital expenditures and other requirements.”View the 10-Q filed Nov 24, 2025
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Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| $562.32K | $668.34K | $438.47K | $122.6K | $36K | $36K | $36K | $36K | $15K | — | |
| — | — | — | — | — | — | $2200 | $4270 | — | — | |
| — | — | — | — | — | $36K | $36K | $36K | $15K | — | |
| — | — | — | — | — | 100% | 100% | 100% | 100% | — | |
| $377.12K | $303.37K | $234.6K | $112.02K | $249.23K | $283.33K | — | — | — | — | |
| $892.04K | $1.75M | $1.69M | $166.84K | $321.23K | $355.33K | $320.79K | $365.52K | $323.79K | $61.99K | |
| — | — | — | — | — | — | — | $4270 | $4650 | — | |
| -$347.16K | -$477K | $1418 | $12.29K | $24.4K | — | $2200 | $4270 | $4650 | — | |
| -$498.51K | -$1.56M | -$1.25M | -$31.94K | -$260.83K | -$319.33K | -$282.59K | -$325.25K | -$304.14K | — | |
| — | — | — | $2172 | $1600 | $800 | $800 | $800 | — | — | |
| -$1.03M | -$1.27M | -$920.36K | -$34.11K | -$262.43K | -$320.13K | -$283.39K | -$326.05K | -$304.14K | -$61.99K | |
| — | -189.8% | -209.9% | -27.82% | -728.98% | -889.25% | -787.19% | -905.7% | -2027.61% | — | |
| — | -$291.92K | -$329.89K | — | — | — | — | — | — | — | |
| USD/shares | -$0.03 | -$0.03 | -$0.02 | $0.00 | $0.00 | — | — | — | — | — |
| USD/shares | -$0.03 | -$0.03 | -$0.02 | $0.00 | — | — | — | — | — | — |
| shares | — | 50.39M | 48.59M | 45.62M | 45.62M | 45.62M | 45.62M | 51.79M | 57.65M | 15.22M |
| shares | — | 50.39M | 48.59M | 45.62M | 45.62M | 45.62M | 45.62M | 51.79M | 57.65M | 15.22M |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Read debt and covenant terms in your AI or your code through MCP and the API →Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Bank overdrafts | 2025-09-30 | USD 10 | 10-Q filed 2025-11-24 |
| Loans payable, including current maturities | 2025-09-30 | USD 35,791 | 10-Q filed 2025-11-24 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Noncurrent debt carrying amount | 2025-09-30 | USD 14,086 | 10-Q filed 2025-11-24 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Product & Service (USD)
| Component | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Rent Income | $668,339 | $393,474 | — | — |
| Property Management Income from a Related Party | — | $45,000 | $107,000 | — |
| Property Management Income | — | — | $15,604 | $36,000 |