Forward Industries, Inc.
0.0 %
693.65 %
Yet to be announced
Company Overview
Forward Industries, Inc. designs and distributes carrying cases and other accessories for medical monitoring and diagnostic kits, portable electronic devices, and other consumer products. The company operates through two segments: OEM Distribution and Design. The OEM Distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits. The Design segment provides product design and development services.
Revenue Sources
Based on the company's business activities, which primarily involve the design and distribution of carrying cases and accessories for medical and consumer electronic devices, there is no indication that more than 2.5% of revenue comes from haram sources. The company's main revenue streams come from legitimate product sales and design services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $7.33m | $7.97m | - | $12,230 | 0.00% | 0.15% |
| June 30, 2024 | $7.89m | $8.28m | - | $14,451 | 0.00% | 0.17% |
| March 31, 2024 | $7.83m | $8.39m | - | $16,971 | 0.00% | 0.20% |
| Dec. 31, 2023 | $7.15m | $7.55m | - | $19,010 | 0.00% | 0.25% |
Analyzing the last four quarters of financial data: The company's interest expense as a percentage of total expenses has remained consistently minimal. Interest expenses ranged from $12,230 to $19,010 per quarter, while total expenses were between $7.5 million and $8.4 million per quarter. This represents an insignificant portion of the company's total expenses, well below the 5% threshold.
Operational Ethics
Based on available information from SEC filings and company materials, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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