---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019740"
form_type: "8-K/A"
ticker: "FGNV"
cik: "0001687919"
company_name: "FORGE INNOVATION DEVELOPMENT CORP."
filed_at: "2023-06-01T23:59:59+00:00"
generated_at: "2026-06-14T09:28:35.570618+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forge files audited financials of acquired Legend LP; $1.03M net loss, going concern doubt

## Summary
- Acquired 51% of Legend LP on 3/24/23 via related-party transaction with entity controlled by relative of Forge's President.
- Legend LP 2022 net loss $1,033,194 on total revenue of $408,796; operating expenses $1,130,054.
- Accumulated deficit $13.65M, negative working capital $4.47M as of Dec 31, 2022.
- Auditor expressed substantial doubt about Legend LP's ability to continue as a going concern.
- Legend LP's primary asset: a 48,722 sq ft grocery-anchored shopping center in Jurupa Valley, CA, net book value $7.95M.

## SEC filing metadata
- accession: 0001493152-23-019740
- form_type: 8-K/A
- ticker: FGNV
- cik: 0001687919
- company_name: FORGE INNOVATION DEVELOPMENT CORP.
- filed_at: 2023-06-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687919/000149315223019740/0001493152-23-019740-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687919/000149315223019740/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019740
- JSON: https://secwatch.observer/filing/0001493152-23-019740.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019740.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.