Forward Industries, Inc.

(NASDAQ:FORD)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 19,862 20,319 20,240 21,298
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 3,660 4,429 3,539 3,925
Loans Receivable — — — —
Other Receivable — — — —
Receivables 3,660 4,429 3,539 3,925
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories 1,364 1,391 1,147 1,355
Inventories Adjustments and Allowances — — — —
Inventories 1,364 1,391 1,147 1,355
Prepaid Expenses 587 341 401 627
Current Deferred Income Taxes 49 250 263 309
Other Current Assets — — — —
Total Current Assets 25,522 26,730 25,590 27,515
Land and Improvements — — — —
Building and Improvements 170 — — —
Machinery Furniture and Equipment 980 — — —
Construction in Progress — — — —
Other Fixed Assets — 1,097 1,108 1,124
Total Fixed Assets 1,151 1,097 1,108 1,124
Gross Fixed Assets 1,151 1,097 1,108 1,124
Accumulated Depreciation and Depletion 1,026 961 961 961
Net Fixed Assets 125 136 147 163
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes 360 211 243 —
Other Non Current Assets 98 57 57 77
Total Non Current Assets 583 404 447 240
Total Assets 26,105 27,134 26,037 27,755
Liabilities
Current Liabilities
Accounts Payable 2,207 2,994 1,946 3,177
Notes Payable — — — —
Short Term Debt — — — —
Accrued Expenses 190 340 223 427
Accrued Liabilities — — — —
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — — — —
Total Current Liabilities 2,396 3,333 2,169 3,604
Non Current Liabilities
Long Term Debt — — — —
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities — — — —
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 2,396 3,333 2,169 3,604
Total Liabilities — — — —
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 23,708 23,801 23,868 24,151
Common Par 86 86 86 85
Additional Paid in Capital 15,893 15,853 15,809 15,560
Cumulative Translation Adjustment — — — —
Retained Earnings 8,989 9,122 9,233 9,591
Treasury Stock -1,260 -1,260 -1,260 -1,085
Other Equity Adjustments — — — —
Total Capitalization 23,708 23,801 23,868 24,151
Cash Flow -824 -1,294 -1,459 -1,129
Working Capital 23,125 23,396 23,421 23,911
Free Cash Flow -444 13 -67 1,030
Invested Capital 23,708 23,801 23,868 24,151
Total Equity 23,708 23,801 23,868 24,151
Total Liabilities and Stock Equity 26,105 27,134 26,037 27,755