FORA · As filed with the SEC
Forian balance sheet, by fiscal year
The statement as Forian presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED BALANCE SHEETS · USD
| USD | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 |
|---|---|---|---|---|
| Current assets: | ||||
| Cash and cash equivalents | 12,903,760 | 4,590,661 | 6,042,986 | 3,319,898 |
| Marketable securities | 18,647,229 | 30,492,088 | 42,296,589 | 17,396,487 |
| Accounts receivable, net | 5,643,100 | 3,971,702 | 2,572,931 | 2,547,538 |
| Proceeds receivable from sale of discontinued operations, net | — | 0 | 1,645,954 | — |
| Contract assets, net | 2,439,223 | 2,586,712 | 1,126,713 | 2,252,958 |
| Prepaid expenses | 990,910 | 1,111,234 | 1,077,233 | 966,809 |
| Other current assets | 1,932,535 | 1,707,694 | 2,515,509 | 432,338 |
| Current assets of discontinued operations | — | — | 0 | — |
| Total current assets | 42,556,757 | 44,460,091 | 57,277,915 | 26,916,028 |
| Property and equipment, net | 29,428 | 46,652 | 76,085 | 2,575,406 |
| Intangible assets, net | — | — | — | 6,775,841 |
| Goodwill | — | — | — | 9,099,372 |
| Intangible assets, net | 1,001,546 | 1,192,044 | — | — |
| Right of use assets, net | 12,137 | 35,560 | 10,664 | 636,196 |
| Deposits and other assets | 531,027 | 1,435,496 | 1,523,948 | 255,324 |
| Non-current assets of discontinued operations | — | — | 0 | — |
| Total assets | 44,130,895 | 47,169,843 | 58,888,612 | 46,258,167 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Accounts payable | 3,833,522 | 982,665 | 161,590 | 575,065 |
| Accrued expenses and other current liabilities | 5,255,295 | 4,413,267 | 4,252,257 | 4,428,769 |
| Short-term operating lease liabilities | 12,137 | 23,423 | 10,664 | 265,489 |
| Notes payable | — | — | — | 0 |
| Warrant liability | — | 0 | 563 | 4,547 |
| Deferred revenues | 5,251,193 | 4,487,686 | 2,413,551 | 3,078,705 |
| Current liabilities of discontinued operations | — | — | 0 | — |
| Convertible notes payable, net of debt issuance costs (Note 11) ($0 and $6,000,000 in principal as of December 31, 2025 and December 31, 2024 was held by a related party. Refer to Note 14) | 0 | 6,697,649 | — | — |
| Total current liabilities | 14,352,147 | 16,604,690 | 6,838,625 | 8,352,575 |
| Long-term liabilities: | ||||
| Long-term operating lease liabilities | — | — | — | 376,569 |
| Other long-term liabilities | 0 | 512,137 | 1,000,000 | — |
| Convertible notes payable, net of debt issuance costs (Note 13) ($6,000,000 in principal is held by a related party. Refer to Note 16) | — | 0 | 24,870,181 | 25,106,547 |
| Non-current liabilities of discontinued operations | — | — | 0 | — |
| Total long-term liabilities | 0 | 512,137 | 25,870,181 | 25,483,116 |
| Total liabilities | 14,352,147 | 17,116,827 | 32,708,806 | 33,835,691 |
| Stockholders' equity: | ||||
| Preferred Stock; par value $0.001; 5,000,000 Shares authorized; 0 issued and outstanding as of December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 |
| Common Stock; par value $0.001; 95,000,000 Shares authorized; 31,072,251 issued and outstanding as of December 31, 2025 and 31,010,788 issued and outstanding as of December 31, 2024 | 31,073 | 31,011 | 30,920 | 32,251 |
| Additional paid-in capital | 82,536,827 | 79,937,115 | 73,834,300 | 71,182,326 |
| Accumulated deficit | (52,789,152) | (49,915,110) | (47,685,414) | (58,792,101) |
| Total stockholders’ equity | 29,778,748 | 30,053,016 | 26,179,806 | 12,422,476 |
| Total liabilities and stockholders’ equity | 44,130,895 | 47,169,843 | 58,888,612 | 46,258,167 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.