FORGE INNOVATION DEVELOPMENT CORP.: 10-Q filed 2022-08-15

Name: FORGE INNOVATION DEVELOPMENT CORP.: 10-Q filed 2022-08-15
Creator: FORGE INNOVATION DEVELOPMENT CORP.

What FORGE INNOVATION DEVELOPMENT CORP. reported in its quarterly report filed 2022-08-15 (fiscal Q2 2022): 28 published measures, 71 facts as tagged in accession 0001493152-22-022595.

This filing

Form: 10-Q (quarterly report)
Filed: 2022-08-15
Fiscal period: fiscal Q2 2022
Accession: 0001493152-22-022595 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All FORGE INNOVATION DEVELOPMENT CORP. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2022-06-30	79,713	USD
At 2021-12-31	145,323	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2022-06-30	177,037	USD
At 2021-12-31	202,550	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2022-06-30	-97,324	USD
At 2021-12-31	-57,227	USD
At 2021-06-30	69,518	USD
At 2020-12-31	205,207	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit	Days
At 2022-06-30	2,634	USD
At 2021-12-31	60,364	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-9,340	USD	91
2022-01-01 to 2022-06-30	-40,097	USD	181
2021-04-01 to 2021-06-30	-81,127	USD	91
2021-01-01 to 2021-06-30	-135,689	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-39,529	USD	181
2021-01-01 to 2021-06-30	-100,135	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	17,975	USD	181

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	30,259	USD	91
2022-01-01 to 2022-06-30	45,863	USD	181
2021-04-01 to 2021-06-30	9,000	USD	91
2021-01-01 to 2021-06-30	18,000	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-227	USD	181
2021-01-01 to 2021-06-30	-69	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	-17,975	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2022-06-30	-1,571,564	USD
At 2021-12-31	-1,531,467	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	45,621,868	shares	91
2022-01-01 to 2022-06-30	45,621,868	shares	181
2021-04-01 to 2021-06-30	45,621,868	shares	91
2021-01-01 to 2021-06-30	45,621,868	shares	181

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Unit	Days
2022-04-01 to 2022-06-30	USD/shares	91
2022-01-01 to 2022-06-30	USD/shares	181
2021-04-01 to 2021-06-30	USD/shares	91
2021-01-01 to 2021-06-30	USD/shares	181

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	800	USD	91
2022-01-01 to 2022-06-30	800	USD	181
2021-04-01 to 2021-06-30	800	USD	91
2021-01-01 to 2021-06-30	800	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2022-06-30	47,481	USD
At 2021-12-31	47,314	USD

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2022-06-30	18,279	USD
At 2021-12-31	84,056	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2022-06-30	157,988	USD
At 2021-12-31	179,742	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2022-06-30	83,070	USD
At 2021-12-31	83,070	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2022-06-30	10,000	USD
At 2021-12-31	9,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	42,083	USD	91
2022-01-01 to 2022-06-30	88,444	USD	181
2021-04-01 to 2021-06-30	89,327	USD	91
2021-01-01 to 2021-06-30	172,289	USD	181

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	32,283	USD	91
2022-01-01 to 2022-06-30	68,844	USD	181
2021-04-01 to 2021-06-30	71,327	USD	91
2021-01-01 to 2021-06-30	136,289	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2022-06-30	45,621,868	shares
At 2021-12-31	45,621,868	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2022-06-30	1,469,678	USD
At 2021-12-31	1,469,678	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2022-06-30	418,248	USD
At 2021-12-31	430,783	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2022-04-01 to 2022-06-30	-8,540	USD	91
2022-01-01 to 2022-06-30	-39,297	USD	181
2021-04-01 to 2021-06-30	-80,327	USD	91
2021-01-01 to 2021-06-30	-134,889	USD	181

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	14,275	USD	181
2021-01-01 to 2021-06-30	7,177	USD	181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2021-01-01 to 2021-06-30	800	USD	181

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2022-01-01 to 2022-06-30	1,000	USD	181
2021-01-01 to 2021-06-30	-3,000	USD	181

Inspect the source

Entity: FORGE INNOVATION DEVELOPMENT CORP. / CIK 0001687919
Captured: 2026-09-21T17:23:24.062Z
SEC response SHA-256: 3c1793daaf23bf9b44a990a155ab025c19bfdc80e3426f099862e951948e41ea

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001687919.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))