Here are the 10-Q quarterly reports from Forge Innovation DEV Corp (FGNV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FGNV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FGNV filings page.
Forge Innovation Development Corp. (FGNV) reported a small operating business but a much weaker balance sheet for the quarter ended September 30, 2025. Total revenue came from property management services to related parties, reaching $16,000 for the quarter and $28,000 for the nine months.
The Company posted a quarterly net loss of $856,852, including a $857,129 loss from discontinued operations tied to its real estate partnership, and a nine‑month net loss of $1,038,886. Assets fell to $163,696 from $8,215,198 at year‑end, while equity swung from positive $1,758,006 to a deficit of $178,788, largely driven by the disposal of its 51% interest in Legend LP, which generated a recorded loss on disposal of $806,368.
Cash dropped to essentially zero with a small bank overdraft, and working capital was negative. Management disclosed substantial doubt about the Company’s ability to continue as a going concern. Revenue and accounts receivable are highly concentrated in related parties, and disclosure controls and procedures were deemed not effective. The Company also faces ongoing legal and settlement obligations related to prior lease and other matters.