Company research
Forza X1, Inc.
CIK 1901305Updated Sep 24, 2026
Filing activity
Latest filing
50 filings on record · 25-NSE, 15-12G, EFFECT, 4, S-8 POS, POS AM.
Recent filings
25-NSE - filed by Nasdaq Stock Market LLC regarding Forza X1, Inc.
15-12G filing
EFFECT filing
4 filing
4 filing
Show 5 more recent filings
Financials
FY 2023 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 16,921,844Source | 14,221,926Source | 2,232,827Source |
| Property, Plant and Equipment, NetUSD | 3,468,961Source | 765,406Source | 235,565Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 9,821,531Source | 12,767,199Source | 1,803,285Source |
| Inventory, NetUSD | 493,460Source | — | — |
| Assets, CurrentUSD | 13,370,219Source | 13,286,934Source | 1,891,762Source |
| Prepaid Expense and Other Assets, CurrentUSD | 73,508Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 75,147Source | 162,069Source | — |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 901,311Source | 521,723Source | 690,378Source |
| Stockholders’ equity: | |||
| Common Stock, Value, IssuedUSD | 15,784Source | 10,450Source | 7,000Source |
| Additional Paid in CapitalUSD | 26,046,873Source | 17,777,385Source | 1,993,000Source |
| Retained Earnings (Accumulated Deficit)USD | -10,020,745Source | -4,087,632Source | -457,551Source |
| Stockholders' Equity Attributable to ParentUSD | 16,020,533Source | 13,700,203Source | 1,542,449Source |
| Liabilities and EquityUSD | 16,921,844Source | 14,221,926Source | 2,232,827Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 842,594Source | 453,191Source | 690,378Source |
| Operating Lease, Liability, CurrentUSD | 68,532Source | 86,245Source | — |
| Accounts Payable, CurrentUSD | 86,820Source | 99,028Source | 13,333Source |
| Operating Lease, Liability, NoncurrentUSD | — | 68,532Source | — |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 462,381Source | 92,767Source | 35,128Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -5,933,113Source | -3,630,081Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, Depletion and AmortizationUSD | 185,900Source | 59,965Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,345,270Source | 458,346Source |
| Changes in operating assets and liabilities: | ||
| Increase (Decrease) in InventoriesUSD | 844,618Source | — |
| Increase (Decrease) in Accounts PayableUSD | -12,208Source | 85,695Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -4,150,280Source | -3,377,621Source |
| Cash flows from investing activities: | ||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,727,892Source | -606,726Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,797,050Source | 606,726Source |
| Cash flows from financing activities: | ||
| Payments for Repurchase of Common StockUSD | 21,379Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 6,932,504Source | 14,948,261Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 9,821,531Source | 12,767,199Source |
| Supplemental disclosure of cash flow information: | ||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 3,694Source | 3,286Source |
| Additional Financial Items | ||
| Share-based Payment Arrangement, ExpenseUSD | 1,345,270Source | 458,346Source |
| DepreciationUSD | 185,900Source | 59,965Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | -31,582Source |
| Gain (Loss) on Disposition of AssetsUSD | — | -31,582Source |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 103,941Source | — |
| Marketable Securities, Unrealized Gain (Loss)USD | 50,878Source | — |
| Net Income (Loss) Attributable to ParentUSD | -5,933,113Source | -3,630,081Source |
| Nonoperating Income (Expense)USD | 660,320Source | 23,178Source |
| Operating ExpensesUSD | 6,472,914Source | 3,420,515Source |
| Operating Lease, ExpenseUSD | 20,000Source | 10,000Source |
| Proceeds from Contributions from ParentUSD | — | 500,000Source |
| Proceeds from Issuance of Common StockUSD | 6,996,015Source | 15,231,350Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 |
|---|---|---|
| Total RevenueUSD | 37,118Source | 0Source |
| Cost of Goods and Services Sold | — | — |
| Selling, General and Administrative ExpenseUSD | 1,112,920Source | 473,900Source |
| Operating Income (Loss)USD | -6,593,433Source | -3,653,259Source |
| Net Income (Loss) Attributable to ParentUSD | -5,933,113Source | -3,630,081Source |
| Earnings Per Share, BasicUSD per share | -0.44Source | -0.44Source |
| Earnings Per Share, DilutedUSD per share | -0.44Source | -0.44Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 13,365,613Source | 8,332,735Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 13,365,613Source | 8,332,735Source |
| Additional Financial Items | ||
| Depreciation, Depletion and Amortization, NonproductionUSD | 185,900Source | 59,965Source |
| Gross ProfitUSD | -120,519Source | -232,744Source |
| Interest and Other IncomeUSD | 1,401Source | 14,752Source |
| Interest ExpenseUSD | 3,694Source | 3,286Source |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | 103,941Source | — |
| Marketing and Advertising ExpenseUSD | 99,034Source | 11,177Source |
| Nonoperating Income (Expense)USD | 660,320Source | 23,178Source |
| Operating ExpensesUSD | 6,472,914Source | 3,420,515Source |
| Operating Lease, ExpenseUSD | 20,000Source | 10,000Source |
| Research and Development ExpenseUSD | 1,540,903Source | 957,220Source |