Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Selling, general and admin45¢$303.4K
- Other costs55¢$365.0K
Out of $668.3K in revenue.3 The company lost money this year.
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $36.0K4 | $36.0K5 | $36.0K6 | $36.0K7 | $122.6K8 | $438.5K3 | $668.3K3 |
| Gross profit | $36.0K4 | $36.0K5 | $36.0K5 | ||||
| Selling, general and admin | $283.3K6 | $249.2K7 | $112.0K8 | $234.6K3 | $303.4K3 | ||
| Operating expenses | $321.2K7 | $166.8K8 | $1.7M3 | $1.8M3 | |||
| Income before tax | -$260.8K7 | -$31.9K8 | -$1.3M3 | -$1.6M3 | |||
| Income tax | $8004 | $8005 | $8006 | $1.6K7 | $2.2K8 | ||
| Net income | -$326.1K4 | -$283.4K5 | -$320.1K6 | -$262.4K7 | -$34.1K8 | -$920.4K3 | -$1.3M3 |
| Earnings per share | $0.007 | $0.008 | -$0.023 | -$0.033 | |||
| Earnings per share (diluted) | $0.008 | -$0.023 | -$0.033 | ||||
| Shares (weighted, basic) | 45.6M shares7 | 45.6M shares8 | 48.6M shares3 | 50.4M shares3 | |||
| Shares (weighted, diluted) | 45.6M shares8 | 48.6M shares3 | 50.4M shares3 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $653.1K4 | $366.3K5 | $236.6K6 | $60.4K7 | $11.7K8 | $4.9K3 | $32.4K3 |
| Receivables | $9.0K7 | ||||||
| Current assets | $766.1K4 | $484.3K5 | $252.4K6 | $84.1K7 | $28.3K8 | $1.1M3 | $200.3K3 |
| Property, plant and equipment | $47.3K7 | $83.6K8 | $63.5K3 | $47.3K3 | |||
| Total assets | $813.6K4 | $654.7K5 | $353.7K6 | $145.3K7 | $125.8K8 | $9.3M3 | $8.2M3 |
| Accounts payable | $83.1K7 | $83.1K7 | |||||
| Current liabilities | $4.9K4 | $64.1K5 | $134.6K6 | $179.7K7 | $168.5K8 | $1.6M3 | $1.4M3 |
| Long-term debt | $9.5K7 | $36.2K8 | $28.2K3 | $20.1K3 | |||
| Total liabilities | $129.4K5 | $148.5K6 | $202.6K7 | $217.2K8 | $6.0M3 | $6.5M3 | |
| Retained earnings | -$1.5M7 | -$1.6M8 | -$2.5M3 | -$3.8M3 | |||
| Shareholders’ equity | $808.7K5 | $525.3K6 | $205.2K7 | -$57.2K7 | -$91.3K8 | $2.3M3 | $1.1M3 |
| Shares outstanding | 45.6M shares4 | 45.6M shares5 | 45.6M shares6 | 45.6M shares7 | 45.6M shares8 | 50.4M shares3 | 50.4M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$336.8K4 | -$277.1K5 | -$271.8K6 | -$154.6K7 | -$30.8K8 | -$337.8K3 | -$182.6K3 |
| Stock-based compensation | $06 | $1.0M3 | $929.0K3 | ||||
| Capital spending | $34.8K4 | $9.8K5 | $21.1K7 | $9.0K8 | $2.1K3 | $83.1K3 | |
| Free cash flow | -$371.6K | -$286.9K | -$175.7K | -$39.9K | -$339.9K | -$265.6K | |
| Cash from investing | -$21.1K7 | -$9.0K8 | $1.1K3 | -$83.1K3 | |||
| Cash from financing | -$4837 | -$8.8K8 | $329.9K3 | $293.1K3 |
Compare FORGE INNOVATION DEVELOPMENT CORP. with another company
What it owns
What FORGE INNOVATION DEVELOPMENT CORP. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $527.0K3 Dec 31, 2024 | $527.0K3 Dec 31, 2023 | 0% |
| Property and equipment, before depreciation | $138.8K3 Dec 31, 2024 | $140.3K3 Dec 31, 2023 | −1.1% |
| Accumulated depreciation | $91.5K3 Dec 31, 2024 | $76.7K3 Dec 31, 2023 | +19.2% |
| Property and equipment, net | $47.3K3 Dec 31, 2024 | $63.5K3 Dec 31, 2023 | −25.5% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | $8.0M3 Dec 31, 2024 | $8.1M3 Dec 31, 2023 | −1.9% |
| Real estate investments, at cost | $9.1M3 Dec 31, 2024 | $9.0M3 Dec 31, 2023 | +1.6% |
| Real estate accumulated depreciation | $1.1M3 Dec 31, 2024 | $846.5K3 Dec 31, 2023 | +35.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $32.4K3 Dec 31, 2024 | $4.9K3 Dec 31, 2023 | +562.4% |
Properties, in its own words
The Company’s subsidiary, Legend LP owns 100% of Mission Marketplace, a grocery anchored shopping center locates at 6240 Mission Boulevard in Jurupa Valley, California. The Property contains two, one-story and one, two-story buildings containing 48,722 total square foot of gross leasable area situated on a 4.51acre site.
Item 2 of the 10-K filed Apr 15, 2025.12
Former names
- YOU-GO ENTERPRISES, LLCOct 27, 2016 to Oct 27, 20162
Timeline
Filings
35 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 4 major events, 12 other. The latest 20:
- Apr 14, 202615-15D EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Nov 24, 202510-Q EDGAR
- Nov 14, 2025NT 10-Q EDGAR
- Oct 20, 20258-K EDGAR
- Aug 19, 202510-Q EDGAR
- Aug 14, 2025NT 10-Q EDGAR
- May 20, 202510-Q EDGAR
- May 8, 2025NT 10-Q EDGAR
- Apr 15, 202510-K EDGAR
- Mar 31, 2025NT 10-K EDGAR
- Nov 14, 202410-Q EDGAR
- Aug 21, 2024UPLOAD EDGAR
- Aug 14, 202410-Q EDGAR
- Aug 2, 202410-Q/A EDGAR
- Aug 2, 202410-K/A EDGAR
- Aug 2, 2024CORRESP EDGAR
- Jul 24, 2024UPLOAD EDGAR
- May 17, 202410-Q EDGAR
- May 15, 2024NT 10-Q EDGAR
The 35 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How FORGE INNOVATION DEVELOPMENT CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFORGE INNOVATION DEVELOPMENT CORP.1
- CIK0001687919
- Employer ID (EIN)81-463539012
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company12
- Incorporated inNevada12
- Industry code (SIC)6552 Land Subdividers & Developers (No Cemeteries)1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address17700 Castleton Street, Suite 469, City Of Industry, CA 917481
- Phone626-361-13931
- Shares outstanding50,389,011 as of Nov 20, 202511
- Public float$16.6M as of Jun 30, 202412
- AuditorSimon & Edward, LLP, Rowland Heights, California PCAOB ID 2485; no auditor attestation of internal control over financial reporting12
- On EDGAR sinceOct 27, 20161
- Filings71 in all: 10-Q (25), 10-K (8), CORRESP (7), UPLOAD (6), 8-K (5), NT 10-Q (4), S-1/A (4), NT 10-K (3)1
All 16 form types
D (2), 10-K/A (1), 10-Q/A (1), 15-15D (1), 8-K/A (1), EFFECT (1), S-1 (1), S-8 (1)
- Latest filingsAnnual report (10-K) Apr 15, 2025
Quarterly report (10-Q) Nov 24, 2025
Latest 8-K (8-K) Oct 20, 2025
Risk factors and legal proceedings
Legal proceedings
On December 8, 2017, the Company entered into a lease agreement with Puente Hills Business Center II, L.P. (“PHBC-II”) for a lease term of forty-eight months, and which was scheduled to expire on January 14, 2022, at monthly rent of $4,962, subject to increase. On or about September 29, 2020, the Company vacated the premises. On October 22, 2020, PHBC-II filed a lawsuit against the Company and its guarantor, Mr. Liang. The Company has retained legal counsel to address the matter and the Court has rescheduled the trial date from January 31, 2023 to April 18, 2023, and then again rescheduled to June 14, 2023. On July 14, 2023, the Company reached a settlement with PHBC-II and agreed to pay rent of $100,000 and rent deposit of $13,953 became nonrefundable. During the year ended December 31, 2023, the Company recognized settlement loss of $30,883 which is included in other income (expense), net on the consolidated statement of operations. As of December 31, 2023, the Company had $80,588 in rent payable to PHBC-II, with $40,588 due in one year and $40,000 due after one year. As of December 31, 2024, the Company had rent payable of $57,059, with $45,294 due in one year and $11,765 due after one year. The rent payable is grouped under other current liabilities and other liabilities for the short-term and long-term portion, respectively.
On May 23, 2023, Legend International Investment, LP. (“Legend LP”) and Forge Innovation Development Corp. (the “Company”) were added as defendants in a derivative case associated with the case#: CVRI2104400. On December 9, 2024, the Riverside Superior Court (the “Court”) granted Matthew Taylor as receiver of Legend LP to assume control Legend LP and to manage Legend LP’s finances. As of December 31, 2024, Legend LP was under receivership ordered by the Court. From January to March 2025 resulted from receivership ordered, all tenants’ rent were paid to the receiver’s bank account.
The opening of Item 3, Legal Proceedings.12
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARFinancial statements and exhibits
- 15SEC EDGAREntered a material agreement
- 16SEC EDGARExecutive or director change