Forza X1, Inc. financial data

Location
Ft. Pierce, FL
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2024 - 14 Nov 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2163% % -51%
Quick Ratio 67% %
Debt-to-equity 3.8% % 40%
Return On Equity -45% % -16%
Return On Assets -44% % -14%
Operating Margin -36183% %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 15,754,774 shares -0.05%
Common Stock, Shares, Outstanding 15,784,000 shares
Common Stock, Value, Issued $15,784 USD 0%
Weighted Average Number of Shares Outstanding, Basic 15,754,774 shares -0.18%
Weighted Average Number of Shares Outstanding, Diluted 15,754,774 shares -0.18%

Income Statement

Label TTM Value / Value Unit Change %
Revenues $18,559 USD -100%
Cost of Revenue $89,870 USD -63%
Research and Development Expense $1,103,714 USD -13%
Operating Income (Loss) $6,715,251 USD -3.7%
Nonoperating Income (Expense) $422,145 USD -19%
Income Tax Expense (Benefit) $0 USD
Net Income (Loss) Attributable to Parent $6,293,106 USD -5.7%
Earnings Per Share, Basic 0 USD/shares 14%
Earnings Per Share, Diluted 0 USD/shares 14%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $7,200,427 USD 32%
Marketable Securities, Current $0 USD -100%
Accounts Receivable, after Allowance for Credit Loss, Current $125,000 USD
Inventory, Net $60,645 USD -92%
Assets, Current $7,554,051 USD -53%
Property, Plant and Equipment, Net $4,388,229 USD 317%
Operating Lease, Right-of-Use Asset $7,629 USD -92%
Assets $11,957,426 USD -31%
Accounts Payable, Current $73,067 USD 90%
Accrued Liabilities, Current $9,712 USD -87%
Contract with Customer, Liability, Current $6,175 USD
Liabilities, Current $113,801 USD -50%
Liabilities $180,871 USD -38%
Retained Earnings (Accumulated Deficit) $14,915,838 USD -73%
Stockholders' Equity Attributable to Parent $11,776,555 USD -31%
Liabilities and Equity $11,957,426 USD -31%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $1,210,509 USD 24%
Net Cash Provided by (Used in) Financing Activities $83,443 USD 72%
Net Cash Provided by (Used in) Investing Activities $1,425,170 USD
Common Stock, Shares Authorized 100,000,000 shares 300%
Common Stock, Shares, Issued 15,784,000 shares 0%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $7,200,427 USD 32%
Interest Paid, Excluding Capitalized Interest, Operating Activities $3,125 USD 974%
Operating Lease, Liability $0 USD -100%
Depreciation $235,933 USD 28%
Payments to Acquire Property, Plant, and Equipment $1,539,620 USD 672%
Lessee, Operating Lease, Liability, to be Paid $23,226 USD -80%
Property, Plant and Equipment, Gross $4,760,266 USD
Operating Lease, Liability, Current $0 USD -100%
Lessee, Operating Lease, Liability, to be Paid, Year One $23,226 USD -67%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $153 USD -95%
Additional Paid in Capital $26,697,988 USD 3.8%
Depreciation, Depletion and Amortization $55,945 USD 57%
Share-based Payment Arrangement, Expense $293,141 USD -14%
Interest Expense $6,528 USD 119%