Forza X1, Inc. (FRZA)

Forza X1 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	7.2	9.82	12.77	1.8
Short-Term Investments	-	2.98	-	-
Cash & Short-Term Investments	7.2	12.8	12.77	1.8
Cash Growth	-53.05%	0.28%	608.00%	-
Inventory	0.06	0.49	-	-
Prepaid Expenses	0.08	0.07	0.52	0.09
Total Current Assets	7.55	13.37	13.29	1.89
Property, Plant & Equipment	4.4	3.54	0.93	0.24
Long-Term Deferred Charges	-	-	-	0.11
Other Long-Term Assets	0.01	0.01	0.01	-
Total Assets	11.96	16.92	14.22	2.23
Accounts Payable	0.07	0.09	0.1	0.01
Accrued Expenses	0.01	0.46	0.09	0.04
Short-Term Debt	-	0.2	0.17	0.64
Current Portion of Leases	0.02	0.09	0.09	-
Current Unearned Revenue	0.01	0.01	0.01	-
Total Current Liabilities	0.11	0.84	0.45	0.69
Long-Term Leases	0.07	0.06	0.07	-
Total Liabilities	0.18	0.9	0.52	0.69
Common Stock	0.02	0.02	0.01	0.01
Additional Paid-In Capital	26.7	26.05	17.78	1.99
Retained Earnings	-14.92	-10.02	-4.09	-0.46
Treasury Stock	-0.02	-0.02	-	-
Shareholders' Equity	11.78	16.02	13.7	1.54
Total Liabilities & Equity	11.96	16.92	14.22	2.23
Total Debt	0.09	0.35	0.32	0.64
Net Cash (Debt)	7.11	12.46	12.44	1.16
Net Cash Growth	-53.12%	0.11%	971.37%	-
Net Cash Per Share	0.45	0.93	1.49	0.17
Filing Date Shares Outstanding	15.75	15.75	10.45	7
Total Common Shares Outstanding	15.75	15.75	10.45	7
Working Capital	7.44	12.53	12.83	1.2
Book Value Per Share	0.75	1.02	1.31	0.22
Tangible Book Value	11.78	16.02	13.7	1.54
Tangible Book Value Per Share	0.75	1.02	1.31	0.22
Land	0.12	0.12	-	-
Machinery	0.94	1	0.63	0.04
Construction In Progress	3.47	2.35	0.01	0.05

Source: S&P Capital IQ. Standard template. Financial Sources.