Forza X1 Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	9.95	9.82	12.77	1.8
Short-Term Investments	-	2.98	-	-
Cash & Short-Term Investments	9.95	12.8	12.77	1.8
Cash Growth	-6.84%	0.28%	608.00%	-
Inventory	0.4	0.49	-	-
Prepaid Expenses	0.13	0.07	0.52	0.09
Total Current Assets	10.49	13.37	13.29	1.89
Property, Plant & Equipment	5.04	3.54	0.93	0.24
Long-Term Deferred Charges	-	-	-	0.11
Other Long-Term Assets	0.01	0.01	0.01	-
Total Assets	15.53	16.92	14.22	2.23
Accounts Payable	0.03	0.09	0.1	0.01
Accrued Expenses	0.07	0.46	0.09	0.04
Short-Term Debt	0.12	0.2	0.17	0.64
Current Portion of Leases	0.07	0.09	0.09	-
Current Unearned Revenue	0.01	0.01	0.01	-
Total Current Liabilities	0.31	0.84	0.45	0.69
Long-Term Leases	0.08	0.06	0.07	-
Total Liabilities	0.38	0.9	0.52	0.69
Common Stock	0.02	0.02	0.01	0.01
Additional Paid-In Capital	26.34	26.05	17.78	1.99
Retained Earnings	-11.19	-10.02	-4.09	-0.46
Treasury Stock	-0.02	-0.02	-	-
Shareholders' Equity	15.15	16.02	13.7	1.54
Total Liabilities & Equity	15.53	16.92	14.22	2.23
Total Debt	0.27	0.35	0.32	0.64
Net Cash (Debt)	9.68	12.46	12.44	1.16
Net Cash Growth	-7.45%	0.11%	971.37%	-
Net Cash Per Share	0.66	0.93	1.49	0.17
Filing Date Shares Outstanding	15.76	15.75	10.45	7
Total Common Shares Outstanding	15.75	15.75	10.45	7
Working Capital	10.18	12.53	12.83	1.2
Book Value Per Share	0.96	1.02	1.31	0.22
Tangible Book Value	15.15	16.02	13.7	1.54
Tangible Book Value Per Share	0.96	1.02	1.31	0.22
Land	0.12	0.12	-	-
Machinery	1.04	1	0.63	0.04
Construction In Progress	3.88	2.35	0.01	0.05

Source: S&P Capital IQ. Standard template.