FORA · As filed with the SEC
Forian income statement, 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 STATEMENTS OF OPERATIONS · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | 30,256,919 | 20,153,263 | 20,481,330 | 28,005,857 | 16,879,715 |
| Information and Software | — | — | — | 26,185,945 | 14,952,247 |
| Service | — | — | — | 1,545,656 | 1,122,528 |
| Other | — | — | — | 274,256 | 804,940 |
| Costs and Expenses: | |||||
| Cost of revenues | 14,156,840 | 7,334,163 | 5,477,032 | 6,874,315 | 4,717,175 |
| Research and development | 2,916,722 | 1,444,745 | 1,407,580 | 12,347,637 | 8,975,745 |
| Sales and marketing | 6,034,225 | 4,334,289 | 4,884,267 | 5,870,794 | 4,142,190 |
| General and administrative | 9,410,103 | 12,536,940 | 13,633,193 | 20,529,373 | 23,464,267 |
| Separation expenses | — | 0 | 599,832 | 5,611,857 | 0 |
| Gain on sale of businesses, net | — | — | — | (32,931) | 0 |
| Litigation settlements and related expenses | 0 | 669,955 | — | — | — |
| Depreciation and amortization | 207,722 | 63,389 | 74,438 | 2,892,543 | 1,986,816 |
| Transaction related expenses | — | — | — | 0 | 1,210,279 |
| Strategic review and transaction related expenses | 1,295,559 | 756,743 | — | — | — |
| Total costs and expenses | 34,021,171 | 27,140,224 | 26,076,342 | 54,093,588 | 44,496,472 |
| Operating Loss | (3,764,252) | (6,986,961) | (5,595,012) | (26,087,731) | (27,616,757) |
| Other Income (Expense): | |||||
| Change in fair value of warrant liability | 0 | 563 | 3,984 | 364,687 | 878,481 |
| Interest and investment income | 1,260,533 | 2,422,261 | 2,327,974 | 267,133 | 6,809 |
| Gain on sale of investment | 0 | 80,694 | 5,805,858 | — | — |
| Interest expense | — | — | (834,785) | (873,336) | (322,379) |
| Foreign currency related gains, net | — | — | — | 381,256 | 525,252 |
| Interest expense | (142,351) | (708,933) | — | — | — |
| Gain on bargain purchase | 0 | 1,204,830 | — | — | — |
| Gain on debt redemption | 0 | 283,059 | 111,151 | — | — |
| Total other income, net | 1,118,182 | 3,282,474 | 7,414,182 | 139,740 | 1,088,163 |
| Net loss before income taxes | (2,646,070) | (3,704,487) | 1,819,170 | (25,947,991) | (26,528,594) |
| Income tax expense | (227,972) | (66,583) | (85,740) | (23,980) | (22,511) |
| Net (loss) income from continuing operations, net of tax | — | (3,771,070) | 1,733,430 | — | — |
| Net loss from discontinued operations | — | 0 | (94,427) | — | — |
| Gain on sale of discontinued operations | — | 0 | 11,531,849 | — | — |
| Income tax effect on discontinued operations | — | 0 | (2,064,165) | — | — |
| Net income from discontinued operations, net of tax | — | 0 | 9,373,257 | — | — |
| Net loss | (2,874,042) | (3,771,070) | 11,106,687 | (25,971,971) | (26,551,105) |
| Continuing operations (in dollars per share) | — | (0.12) | 0.05 | — | — |
| Discontinued operations (in dollars per share) | — | 0 | 0.29 | — | — |
| Basic net loss per common share (in Dollars per share) | (0.09) | (0.12) | 0.34 | (0.81) | (0.90) |
| Continuing operations (in dollars per share) | — | (0.12) | 0.05 | — | — |
| Discontinued operations (in dollars per share) | — | 0 | 0.29 | — | — |
| Diluted net loss per common share (in Dollars per share) | (0.09) | (0.12) | 0.34 | (0.81) | (0.90) |
| Weighted-average shares outstanding - basic (in Shares) | 31,111,780 | 31,070,548 | 32,030,855 | 32,031,096 | 29,527,608 |
| Weighted-average shares outstanding - diluted (in Shares) | 31,111,780 | 31,070,548 | 32,230,845 | 32,031,096 | 29,527,608 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.