Forge Innovation Development Corp. is a development stage company and was incorporated in the State of Nevada in January 2016. The Company’s primary objective is commercial and residential land development, including the purchase and sale of real estate, targeting properties primarily in Southern California. We also intend to manage properties we own, and properties owned by unaffiliated third parties. Our activities will include securing acquisition rights to properties, obtaining zoning and other entitlements for the properties, securing financing for purchase of the properties, improving the properties’ infrastructure and amenities and selling the properties to homeowner and commercial owners for restaurants, offices and small businesses. Our first property acquisition was 29 acres in the city of Desert Hot Springs in Southern California. Due to problems with permits and adjacent landowners, rather than getting involved in protracted negotiations, the Company sold the property to an independent third party for a profit.
Company profile
Ticker
FGNV
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
YOU-GO ENTERPRISES, LLC
SEC CIK
FGNV stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
16 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
10-Q
2023 Q3
Quarterly report
14 Nov 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
S-8
Registration of securities for employees
16 Jun 23
8-K/A
Index to the Audited Financial Statements
1 Jun 23
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
31 Mar 23
8-K
Entry into a Material Definitive Agreement
24 Mar 23
8-K
Departure of Directors or Certain Officers
12 Jan 23
Latest ownership filings
No filings
Financial summary
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 10.69 k | 10.69 k | 10.69 k | 10.69 k | 10.69 k | 10.69 k |
Cash burn (monthly) | (no burn) | (no burn) | 221.87 k | 48.39 k | 53.07 k | 20.06 k |
Cash used (since last report) | n/a | n/a | 1.48 mm | 321.85 k | 352.91 k | 133.43 k |
Cash remaining | n/a | n/a | -1.46 mm | -311.16 k | -342.23 k | -122.74 k |
Runway (months of cash) | n/a | n/a | -6.6 | -6.4 | -6.4 | -6.1 |