Forward Industries, Inc. FWDI US Equity
Forward Industries, Inc. (Nasdaq: FWDI), an SEC filer in Finance Services, has a return on equity of -22.7%, a net margin of -918.1% and 3-year sales growth of -21.9%. Institutional ownership, earnings history and filed financials are on the tabs below.
Legal & controls
Item 3 and Item 9A as filed · every verdict is the registrant’s own sentence, printed below it · a filing that fails an extraction gate reads “not extracted”
| Fiscal year | Filed | Item 3 | ICFR | disclosure controls | material weakness | Filing |
|---|---|---|---|---|---|---|
| 2025-09-30 | 2025-12-11 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. As of September 30, 2025, and through the filing date of this Form 10-K, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business. Item 9A · ICFR · Based on that evaluation, our management concluded that our internal control over financial reporting as of September 30, 2025, was effective based on that criteria. Item 9A · disclosure controls · Based on their evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2025. | ||||||
| 2024-09-30 | 2024-12-27 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. As of September 30, 2024, and through the filing date of this Form 10-K, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business. Item 9A · ICFR · Based on that evaluation, our management concluded that our internal control over financial reporting as of September 30, 2024, was effective based on that criteria. Item 9A · disclosure controls · Based on their evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2024. | ||||||
| 2023-09-30 | 2023-12-21 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. As of September 30, 2023, and through the filing date of this Form 10-K, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business. Item 9A · ICFR · Based on that evaluation, our management concluded that our internal control over financial reporting as of September 30, 2023, was effective based on that criteria. Item 9A · disclosure controls · Based on their evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2023. | ||||||
| 2022-09-30 | 2022-12-16 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. As of September 30, 2022, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business. Item 9A · ICFR · Based on that evaluation, our management concluded that our internal control over financial reporting as of September 30, 2022 was effective based on that criteria. Item 9A · disclosure controls · Based on their evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2022. | ||||||
| 2021-09-30 | 2021-12-16 | described here | effective | effective | none in Item 9A | EDGAR |
Item 3 · On August 21, 2020, IPS was named a third-party defendant in a patent dispute claim currently pending in the U.S. District Court for the Eastern District of New York. The complaint, which contains no specific amount of claimed monetary damages, asserts that certain intellectual property was misappropriated by IPS and one of its former employees. In October 2021, the Court ruled that the misappropriation claim was invalid. The remaining allegation is that IPS breached a non-disclosure agreement with a party to the case. IPS denies the allegations, believes the action is without merit and intends to vigorously defend it. The Company has filed a motion to dismiss. From time to time, the Company may become a party to other legal actions or proceedings in the ordinary course of its business. As of September 30, 2021, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business. Item 9A · ICFR · Based on that evaluation, our management concluded that our internal control over financial reporting as of September 30, 2021 was effective based on that criteria. Item 9A · disclosure controls · Based on their evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were effective as of September 30, 2021. | ||||||
5 of 5 annual reports on record have their filing text cached on this host; the rest are listed with their EDGAR link and no extraction, because this surface never fetches from SEC on a page load.
- Item 3 and Item 9A are located in the filing HTML already cached on this host and read with the same line-anchored item matcher and largest-gap body disambiguation the filing-narrative pass uses for Item 1A and Item 7 — no fetch, no model, no summarization.
- A heading is accepted as a section only when it is not a table-of-contents row (a trailing page number), not a quoted reference in prose, and names its own section; the span must then clear a per-item length band and carry readable text after the heading. Anything that fails a gate is served as 'not extracted' with the reason — never as a default value.
- An effectiveness conclusion is read only from a sentence that names its own control set (disclosure controls and procedures, or internal control over financial reporting) and states an outcome. Conditional sentences — the standard limitations paragraph and forward-looking remediation language — are excluded, because they are hypotheses rather than conclusions.
- When a filing's own sentences disagree — an effective conclusion beside an unremediated material-weakness disclosure, or two conclusions of opposite sign — no verdict is asserted. A wrong 'controls were effective' reading is worse than no reading.
- Every verdict is shown beside the verbatim sentence it was read from. The excerpt is the filing's own words, capped at 1,200 characters; the filing itself is one link away.