Forward Industries (FWDI) risk factors

Item 1A of every Forward Industries, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
55 risks37 new17 dropped9 reworded
Forward Industries pivoted into a digital asset treasury strategy focused on Solana, exposing the company to cryptocurrency volatility, regulatory uncertainty, and asset concentration risks.
Filed Dec 11, 2025
FY2024 10-K risk factors
35 risks
Forward Industries faces recurring net losses, including $1,951,000 in Fiscal 2024, raising going concern doubts. High customer concentration in diabetic products accounts for 77% of OEM distribution revenue. Operations depend heavily on exclusive sourcing agent Forward China, to which the company owes significant accounts payable and a $600,000 note.
Filed Dec 27, 2024