FORA · As filed with the SEC

Forian balance sheet, by quarter

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.

CONDENSED CONSOLIDATED BALANCE SHEETS · USD

USD	Q1 2026 Mar 31, 2026	Q4 2025 Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024
Current assets:
Cash and cash equivalents	30,951,187	12,903,760	4,660,622	5,369,817	5,704,671	4,590,661	2,707,688	1,999,118
Marketable securities	0	18,647,229	23,564,416	30,279,208	29,961,761	30,492,088	46,650,200	46,011,230
Accounts receivable, net	3,018,951	5,643,100	5,425,188	5,267,632	5,222,540	3,971,702	3,546,582	3,670,368
Proceeds receivable from sale of discontinued operations, net	—	—	—	—	—	0	0	0
Contract assets, net	879,920	2,439,223	2,744,722	2,666,627	2,659,399	2,586,712	875,032	955,355
Prepaid expenses	1,030,954	990,910	1,416,542	1,561,617	1,186,123	1,111,234	697,780	1,015,985
Other current assets	1,524,755	1,932,535	1,555,879	1,396,202	1,640,629	1,707,694	1,349,364	2,783,185
Total current assets	37,405,767	42,556,757	39,367,369	46,541,103	46,375,123	44,460,091	55,826,646	56,435,241
Property and equipment, net	25,641	29,428	33,466	37,504	41,758	46,652	52,680	59,309
Intangible assets, net	953,449	1,001,546	1,049,644	1,097,741	1,145,838	1,192,044	—	—
Right of use assets, net	6,104	12,137	18,097	23,988	29,808	35,560	41,244	46,876
Deposits and other assets	422,628	531,027	785,759	762,301	1,007,555	1,435,496	1,591,420	1,828,425
Total assets	38,813,589	44,130,895	41,254,335	48,462,637	48,600,082	47,169,843	57,511,990	58,369,851
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	3,792,858	3,833,522	2,114,339	1,875,222	2,269,731	982,665	843,829	1,489,766
Accrued expenses and other current liabilities	3,509,381	5,255,295	3,996,995	3,906,323	3,881,755	4,413,267	2,618,108	3,320,571
Short-term operating lease liabilities	6,104	12,137	18,097	23,988	23,703	23,423	23,146	22,872
Warrant liability	—	—	—	—	—	0	0	20
Deferred revenues	4,618,545	5,251,193	4,044,273	4,911,427	5,620,817	4,487,686	2,243,719	3,202,703
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	0	6,804,016	6,750,326	6,697,649	24,370,509	—
Total current liabilities	11,926,888	14,352,147	10,173,704	17,520,976	18,546,332	16,604,690	30,099,311	8,035,932
Other long-term liabilities	—	0	0	0	6,105	512,137	518,098	524,004
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	0	24,175,094
Total long-term liabilities	—	0	0	0	6,105	512,137	518,098	24,699,098
Total liabilities	11,926,888	14,352,147	10,173,704	17,520,976	18,552,437	17,116,827	30,617,409	32,735,030
Stockholders' equity:
Preferred Stock; par value $0.001; 5,000,000 Shares authorized; 0 issued and outstanding as of March 31, 2026 and December 31, 2025	0	0	0	0	0	0	0	0
Common Stock; par value $0.001; 95,000,000 Shares authorized; 31,240,881 issued and outstanding as of March 31, 2026 and 31,072,251 issued and outstanding as of December 31, 2025	31,241	31,073	30,997	31,203	31,203	31,011	31,093	31,110
Additional paid-in capital	83,006,722	82,536,827	82,017,033	81,726,637	81,057,414	79,937,115	78,519,683	77,054,999
Accumulated deficit	(56,151,262)	(52,789,152)	(50,967,399)	(50,816,179)	(51,040,972)	(49,915,110)	(51,656,195)	(51,451,288)
Total stockholders' equity	26,886,701	29,778,748	31,080,631	30,941,661	30,047,645	30,053,016	26,894,581	25,634,821
Total liabilities and stockholders' equity	38,813,589	44,130,895	41,254,335	48,462,637	48,600,082	47,169,843	57,511,990	58,369,851

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.