[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Forward Industries, Inc.'s unaudited condensed consolidated financial statements for the periods ended June 30, 2020, detailing financial position, performance, and cash flows [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2020, total assets increased to **$18.64 million** and liabilities to **$12.46 million** primarily due to new lease accounting standards and a PPP loan, while shareholders' equity decreased to **$6.18 million** due to net losses Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2020 (Unaudited) | September 30, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Total current assets | $12,580 | $11,838 | | Goodwill | $1,167 | $2,182 | | Operating lease right of use assets, net | $3,409 | $– | | **Total assets** | **$18,640** | **$16,094** | | **Liabilities & Equity** | | | | Total current liabilities | $8,404 | $8,296 | | Operating lease liability, less current portion | $3,279 | $– | | **Total liabilities** | **$12,458** | **$8,383** | | **Total shareholders' equity** | **$6,182** | **$7,711** | - Goodwill decreased by **$1.015 million** due to an impairment charge recorded during the period[10](index=10&type=chunk)[62](index=62&type=chunk) [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) For the nine months ended June 30, 2020, the company reported a net loss of **$1.67 million** on revenues of **$25.87 million**, including a **$1.015 million** goodwill impairment, while Q3 revenues decreased to **$9.55 million** with a widened net loss Statement of Operations Summary (in thousands, except per share data) | Metric | Nine Months Ended June 30, 2020 | Nine Months Ended June 30, 2019 | | :--- | :--- | :--- | | Revenues, net | $25,873 | $28,265 | | Gross profit | $4,948 | $4,508 | | Goodwill impairment | $1,015 | $– | | Loss from operations | $(1,871) | $(1,605) | | Net loss | $(1,668) | $(1,765) | | Net loss per share (Basic & Diluted) | $(0.18) | $(0.19) | Q3 Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | | :--- | :--- | :--- | | Revenues, net | $9,549 | $9,909 | | Gross profit | $1,775 | $1,894 | | Loss from operations | $(175) | $(50) | | Net loss | $(215) | $(104) | | Net loss per share (Basic & Diluted) | $(0.02) | $(0.01) | [Condensed Consolidated Statements of Shareholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders'%20Equity) Shareholders' equity declined from **$7.71 million** to **$6.18 million** by June 30, 2020, primarily due to a **$1.67 million** cumulative net loss over the nine-month period - Total shareholders' equity decreased by approximately **$1.53 million** over the nine-month period ended June 30, 2020, from $7,711,299 to $6,181,943[15](index=15&type=chunk) - The accumulated deficit increased from **$(11,320,169)** to **$(12,988,642)** during the nine months ended June 30, 2020, reflecting the period's net losses[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended June 30, 2020, net cash used in operating activities improved to **$760,000**, while financing activities provided **$808,000** primarily from a **$1.36 million** PPP loan, resulting in a minimal net decrease in cash Cash Flow Summary (in thousands) | Activity | Nine Months Ended June 30, 2020 | Nine Months Ended June 30, 2019 | | :--- | :--- | :--- | | Net cash used in operating activities | $(760) | $(2,201) | | Net cash used in investing activities | $(56) | $(30) | | Net cash provided by financing activities | $808 | $570 | | **Net decrease in cash** | **$(8)** | **$(1,660)** | | Cash at end of period | $3,085 | $2,710 | - The company received **$1,356,570** in proceeds from a PPP loan during the nine months ended June 30, 2020[17](index=17&type=chunk)[99](index=99&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail the company's business, the significant impact of COVID-19, a **$1.015 million** goodwill impairment, segment performance, and key financial policies including a new PPP loan and related party transactions - The COVID-19 pandemic disrupted the supply chain, delayed product rollouts, and reduced demand for design services, impacting revenues; the company received a **$1.357 million** PPP loan to mitigate liquidity impacts[22](index=22&type=chunk) - The company recorded a goodwill impairment charge of **$1,015,000** for its IPS reporting unit during the three months ended March 31, 2020, due to revised revenue projections and other triggering events[62](index=62&type=chunk) - The company has a significant related-party relationship with Forward China, owned by CEO Terence Wise, for sourcing products and has a **$1.6 million** promissory note payable to them[90](index=90&type=chunk)[91](index=91&type=chunk) - Subsequent to the quarter end, the company entered into a non-binding letter of intent to acquire a design-development company focused on the medical industry for approximately **$1.5 million**[110](index=110&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's performance for the three and nine months ended June 30, 2020, highlighting the negative impact of COVID-19, a **$1.015 million** goodwill impairment, and liquidity supported by a **$1.36 million** PPP loan [Results of Operations - Three Months Ended June 30, 2020 vs 2019](index=27&type=section&id=Results%20of%20Operations%20-%20Three%20Months%20Ended%20June%2030,%202020%20vs%202019) Q3 2020 consolidated net revenues decreased **3.6%** to **$9.55 million**, with Distribution segment revenue growing **6.1%** due to PPE sales, while Design segment revenue fell **18.7%** due to COVID-19 impacts, widening the net loss Q3 Segment Performance (in thousands) | Segment | Q3 2020 Revenue | Q3 2019 Revenue | Change | Q3 2020 Gross Profit | Q3 2019 Gross Profit | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Distribution | $6,389 | $6,022 | +6.1% | $939 | $921 | +2.0% | | Design | $3,160 | $3,887 | -18.7% | $836 | $973 | -14.1% | | **Total** | **$9,549** | **$9,909** | **-3.6%** | **$1,775** | **$1,894** | **-6.3%** | - Distribution segment's 'Other Product Revenues' increased by **$915,000**, primarily due to the sale of **$758,000** in personal protective equipment (PPE)[133](index=133&type=chunk) - Revenues from diabetic products, a core line for the Distribution segment, declined by **10.1%** or **$548,000** year-over-year due to reduced demand and pricing pressures[130](index=130&type=chunk) [Results of Operations - Nine Months Ended June 30, 2020 vs 2019](index=31&type=section&id=Results%20of%20Operations%20-%20Nine%20Months%20Ended%20June%2030,%202020%20vs%202019) For the nine months ended June 30, 2020, consolidated net revenues decreased **8.5%** to **$25.87 million**, driven by declines in both Distribution (**8.0%**) and Design (**9.2%**) segments, resulting in a **$1.67 million** net loss including a **$1.015 million** goodwill impairment Nine-Month Segment Performance (in thousands) | Segment | 9M 2020 Revenue | 9M 2019 Revenue | Change | 9M 2020 Gross Profit | 9M 2019 Gross Profit | Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Distribution | $15,709 | $17,072 | -8.0% | $2,103 | $2,659 | -20.9% | | Design | $10,164 | $11,193 | -9.2% | $2,845 | $1,849 | +53.9% | | **Total** | **$25,873** | **$28,265** | **-8.5%** | **$4,948** | **$4,508** | **+9.8%** | - The Design segment's gross margin improved significantly from **16.5%** in the 2019 period to **28.0%** in the 2020 period, recovering from project overruns in the prior year[156](index=156&type=chunk) - The nine-month results include a **$1,015,000** goodwill impairment and a **$327,000** investment impairment, both impacting the Design segment's operating results[146](index=146&type=chunk)[160](index=160&type=chunk) [Liquidity and Capital Resources](index=35&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) As of June 30, 2020, working capital was **$4.18 million** and cash **$3.08 million**, with liquidity bolstered by a **$1.36 million** PPP loan and a **$1.3 million** line of credit, deemed adequate for the next 12 months - The company received a **$1,357,000** loan under the Paycheck Protection Program (PPP) in April 2020, which it intends to apply for forgiveness on[167](index=167&type=chunk) Working Capital and Liquidity Ratios | Metric | June 30, 2020 | September 30, 2019 | | :--- | :--- | :--- | | Working Capital | $4,176,000 | $3,543,000 | | Current Ratio | 1.5 | 1.4 | | Quick Ratio | 1.4 | 1.2 | - Cash used in operating activities for the nine months ended June 30, 2020 was **$760,000**, a significant improvement from **$2,201,000** used in the same period in 2019[172](index=172&type=chunk)[173](index=173&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=38&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section is not applicable for the company - Not applicable[180](index=180&type=chunk) [Controls and Procedures](index=38&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective as of June 30, 2020, with no material changes to internal control over financial reporting beyond those related to ASC 842 adoption - Management concluded that the company's disclosure controls and procedures are effective as of the end of the period covered by the report[181](index=181&type=chunk) - No material changes were made to internal control over financial reporting during the quarter, except for controls related to the adoption of the new lease standard, ASC 842[182](index=182&type=chunk) [PART II. OTHER INFORMATION](index=39&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=39&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2020, the company was not a party to any legal proceedings that it believes would have a material adverse effect on its business - There were no material legal actions or proceedings against the company as of June 30, 2020[186](index=186&type=chunk) [Risk Factors](index=39&type=section&id=Item%201A.%20Risk%20Factors) The company highlights key risks including the ongoing negative impact of the COVID-19 pandemic on operations and the uncertainty regarding forgiveness of its **$1.357 million** PPP loan - The COVID-19 pandemic has negatively impacted the business by disrupting the supply chain, delaying product rollouts, and increasing the risk of customer inability to pay[187](index=187&type=chunk)[188](index=188&type=chunk) - There is a risk that the company may not be entitled to forgiveness for its **$1.357 million** PPP loan and could be subject to repayment and penalties if the application is deemed impermissible[189](index=189&type=chunk)[190](index=190&type=chunk)[191](index=191&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=39&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) There were no unregistered sales of equity securities or use of proceeds to report for the period - None[192](index=192&type=chunk) [Defaults Upon Senior Securities](index=40&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) There were no defaults upon senior securities to report for the period - None[193](index=193&type=chunk) [Other Information](index=40&type=section&id=Item%205.%20Other%20Information) There was no other information to report for the period - None[195](index=195&type=chunk) [Exhibits](index=40&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed or incorporated by reference as part of the Form 10-Q, including certifications and XBRL data files - The exhibits listed in the 'Index to Exhibits' are filed or incorporated by reference as part of the Form 10-Q[196](index=196&type=chunk)

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-34780 FORWARD INDUSTRIES, INC. (Exact name of registrant as specified in its charter) ( ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (561) 465-0030 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2019 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34780 FORWARD INDUSTRIES, INC. (Exact name of registrant as specified in its charter) incorporation or organization) New York 1 ...

[Part I. Financial Information](index=9&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=9&type=section&id=Item%201.%20Financial%20Statements) The unaudited condensed consolidated financial statements show a decrease in total assets and shareholders' equity, with a significant net loss for the nine months ended June 30, 2019, primarily due to declining gross profit and increased operating expenses Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | June 30, 2019 (in millions) | September 30, 2018 (in millions) | | :--- | :--- | :--- | | Total current assets | $13.01 | $15.21 | | Total assets | $17.37 | $19.23 | | Total current liabilities | $7.44 | $7.62 | | Total liabilities | $7.85 | $8.13 | | Total shareholders' equity | $9.52 | $11.10 | Condensed Consolidated Statements of Operations Highlights (Unaudited) | Metric | Three Months Ended June 30, 2019 (in thousands) | Three Months Ended June 30, 2018 (in thousands) | Nine Months Ended June 30, 2019 (in thousands) | Nine Months Ended June 30, 2018 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Net Revenues | $9,909 | $9,539 | $28,265 | $24,888 | | Gross Profit | $1,894 | $1,914 | $4,508 | $4,691 | | Income (loss) from operations | $(50) | $(210) | $(1,605) | $73 | | Net Income (loss) | $(104) | $235 | $(1,765) | $1,231 | | Net income (loss) per basic share | $(0.01) | $0.02 | $(0.19) | $0.13 | - For the nine months ended June 30, 2019, net cash used in operating activities was approximately **$2.2 million**, a significant reversal from the **$618,000** provided by operating activities in the prior-year period, primarily due to the net loss and changes in working capital[23](index=23&type=chunk) - The company operates through two reportable segments following the acquisition of IPS in January 2018: the Distribution segment (comprising Forward US, Forward Switzerland, and Forward UK) and the Design segment (comprising IPS)[30](index=30&type=chunk) - The company has significant revenue concentration, with four customers accounting for **86.1%** of the Distribution segment's revenue and five customers accounting for **56.8%** of the Design segment's revenue for the nine months ended June 30, 2019[110](index=110&type=chunk)[113](index=113&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=61&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's consolidated net loss for the quarter and nine-month period, attributing it to lower margins, project overruns, and increased operating expenses, while also addressing liquidity and future funding - The company is under investigation by the SEC regarding trading in its securities surrounding the January 2018 acquisition of Intelligent Product Solutions, Inc. (IPS), with certain executive officers receiving subpoenas in February 2019[129](index=129&type=chunk)[130](index=130&type=chunk) - The company is expanding its retail distribution network through agreements with manufacturer's representatives to introduce products, including those from a new partnership with Mooni AB International, into major retailers[134](index=134&type=chunk)[135](index=135&type=chunk) [Results of Operations for the Three Months Ended June 30, 2019 Compared to the Three Months Ended June 30, 2018](index=65&type=section&id=Results%20of%20Operations%20for%20the%20Three%20Months%20Ended%20June%2030%2C%202019%20Compared%20to%20the%20Three%20Months%20Ended%20June%2030%2C%202018) Consolidated net revenues increased **3.9%** to **$9.9 million** in Q3 2019, but the company reported a net loss of **$(104,000)** due to a widened loss in the Distribution segment and a significant swing in other income/expenses Segment Performance - Q3 2019 vs Q3 2018 (in thousands) | Segment | Metric | Q3 2019 | Q3 2018 | Change | | :--- | :--- | :--- | :--- | :--- | | **Distribution** | Net Revenues | $6,022 | $5,910 | 2% | | | Gross Profit | $921 | $973 | (5.3)% | | | Income (Loss) Before Taxes | $(304) | $294 | $(598) | | **Design** | Net Revenues | $3,887 | $3,629 | 7.1% | | | Gross Profit | $973 | $940 | 3.5% | | | Income (Loss) Before Taxes | $200 | $(59) | $259 | - Distribution segment's Diabetic Products revenue increased by **4.7%** to **$5.4 million**, while Other Products revenue declined by **$134,000**[152](index=152&type=chunk)[156](index=156&type=chunk) - Distribution G&A expenses decreased primarily due to a **$191,000** decline in share-based compensation, partially offset by a **$204,000** increase in legal fees related to the SEC investigation[164](index=164&type=chunk) [Results of Operations for the Nine Months Ended June 30, 2019 Compared to the Nine Months Ended June 30, 2018](index=74&type=section&id=Results%20of%20Operations%20for%20the%20Nine%20Months%20Ended%20June%2030%2C%202019%20Compared%20to%20the%20Nine%20Months%20Ended%20June%2030%2C%202018) Consolidated revenues grew to **$28.3 million** for the nine months ended June 30, 2019, but the company incurred a **$1.77 million** net loss before tax due to revenue decline in Distribution, compressed Design segment margins, and increased G&A expenses Segment Performance - 9M 2019 vs 9M 2018 (in thousands) | Segment | Metric | 9M 2019 | 9M 2018 | Change | | :--- | :--- | :--- | :--- | :--- | | **Distribution** | Net Revenues | $17,072 | $18,441 | (7.4)% | | | Gross Profit | $2,659 | $3,021 | (12)% | | | Income (Loss) Before Taxes | $(987) | $469 | $(1,456) | | **Design** | Net Revenues | $11,193 | $6,447 | 73.6% | | | Gross Profit | $1,849 | $1,670 | 10.7% | | | Income (Loss) Before Taxes | $(779) | $14 | $(793) | - The Design segment's gross margin for the nine-month period fell to **16.5%** from a historical average above **20%**, attributed to project overruns on two significant customer projects completed in Q2 2019[184](index=184&type=chunk) - Distribution segment G&A expenses increased by **21%** (**$438,000**), primarily due to a **$354,000** increase in legal fees for the SEC investigation and a **$159,000** increase in bad debt expense[187](index=187&type=chunk) - Design segment G&A expenses for the nine months included a bad debt expense of approximately **$258,000** due to slower paying customers[188](index=188&type=chunk) [Liquidity and Capital Resources](index=86&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity, primarily from operations, saw working capital decrease to **$5.6 million** by June 30, 2019, with **$2.2 million** cash used in operations, and faces a likely risk of failing debt covenant tests at year-end Key Liquidity Ratios | Ratio | June 30, 2019 | September 30, 2018 | | :--- | :--- | :--- | | Current Ratio | 1.7 | 2.0 | | Quick Ratio | 1.5 | 1.8 | | Working Capital | ~$5.6 million | ~$7.6 million | - The company plans to fund the **$1.6 million** Forward China promissory note, due October 17, 2019, using existing cash or by obtaining an additional credit facility[195](index=195&type=chunk) - Due to the net loss at the IPS subsidiary for the nine months ended June 30, 2019, there is a likely risk of failing debt covenant testing at year-end, which could result in lenders demanding payment in full[121](index=121&type=chunk)[123](index=123&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=93&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This item is not applicable to the company - Not applicable[208](index=208&type=chunk) [Controls and Procedures](index=93&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2019, with no material changes to internal control over financial reporting during the quarter - Management concluded that disclosure controls and procedures were effective as of the end of the period covered by the report[209](index=209&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[210](index=210&type=chunk) [Part II. Other Information](index=96&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=96&type=section&id=Item%201.%20Legal%20Proceedings) As of June 30, 2019, the company reported no material legal actions or proceedings in the ordinary course of business - As of June 30, 2019, there were no material legal actions or proceedings against the company in the ordinary course of business[213](index=213&type=chunk) [Risk Factors](index=96&type=section&id=Item%201A.%20Risk%20Factors) This item is not applicable as the company is a smaller reporting company - Not applicable to smaller reporting companies[214](index=214&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=96&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no unregistered sales of equity securities or use of proceeds during the period - None[215](index=215&type=chunk) [Defaults Upon Senior Securities](index=96&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reported no defaults upon senior securities - None[216](index=216&type=chunk) [Mine Safety Disclosures](index=96&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company - Not Applicable[217](index=217&type=chunk) [Other Information](index=96&type=section&id=Item%205.%20Other%20Information) The company reported no other information for this item - None[218](index=218&type=chunk) [Exhibits](index=96&type=section&id=Item%206.%20Exhibits) This section provides an index of all exhibits filed with or incorporated by reference into the Form 10-Q, including agreements related to the IPS acquisition and officer certifications - The report includes an index of exhibits filed, such as agreements related to the IPS acquisition, related-party transactions, and officer certifications[219](index=219&type=chunk)[226](index=226&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from________________ to_____________ Commission File Number 001-34780 Forward Industries, Inc. (Exact Name of Registrant as Specified in its Charter) | New York | 13-1950672 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-34780 FORWARD INDUSTRIES, INC. (Exact name of registrant as specified in its charter) (State or other ...