XML 45 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
 3 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:    
Net loss $ (1,501,791)us-gaap_NetIncomeLoss $ 351,427us-gaap_NetIncomeLoss
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Realized and unrealized loss on marketable securities 110,001us-gaap_MarketableSecuritiesGainLoss 80,839us-gaap_MarketableSecuritiesGainLoss
Share-based compensation 11,579us-gaap_ShareBasedCompensation 26,793us-gaap_ShareBasedCompensation
Depreciation and amortization 16,963us-gaap_DepreciationDepletionAndAmortization 18,103us-gaap_DepreciationDepletionAndAmortization
Change in fair value of warrant liability    (51,908)us-gaap_FairValueAdjustmentOfWarrants
Deferred rent 11,305us-gaap_StraightLineRent (17,965)us-gaap_StraightLineRent
Changes in operating assets and liabilities:    
Accounts receivable (29,378)us-gaap_IncreaseDecreaseInAccountsReceivable (1,696,920)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (220,213)us-gaap_IncreaseDecreaseInInventories (15,701)us-gaap_IncreaseDecreaseInInventories
Prepaid expenses and other current assets (43,568)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 41,314us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable, due to Forward China, accrued expenses and other current liabilities (735,960)ford_IncreaseDecreaseInAccountsPayableDueToForwardChinaAccruedExpensesAndOtherCurrentLiabilities 246,323ford_IncreaseDecreaseInAccountsPayableDueToForwardChinaAccruedExpensesAndOtherCurrentLiabilities
Net cash used in operating activities (2,381,062)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (1,017,695)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows From Investing Activities:    
Proceeds from sales of marketable securities 952,127us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 3,932,253us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Purchases of marketable securities (10,898)us-gaap_PaymentsToAcquireMarketableSecurities (4,102,088)us-gaap_PaymentsToAcquireMarketableSecurities
Purchases of property and equipment (23,206)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (11,070)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash provided by (used in) investing activities 918,023us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (180,905)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows From Financing Activities:    
Dividends paid (19,322)us-gaap_PaymentsOfDividends (19,282)us-gaap_PaymentsOfDividends
Restricted stock repurchased and retired (12,199)us-gaap_PaymentsForRepurchaseOfCommonStock   
Net cash used in financing activities (31,521)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (19,282)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and cash equivalents (1,494,560)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1,217,882)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 6,477,132us-gaap_CashAndCashEquivalentsAtCarryingValue 6,616,995us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 4,982,572us-gaap_CashAndCashEquivalentsAtCarryingValue 5,399,113us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of non-cash investing and financing activities:    
Preferred stock accretion 454,372ford_PreferredStockAccretion 29,619ford_PreferredStockAccretion
Retirement of treasury stock $ 1,260,057ford_RetirementOfTreasuryStock