---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-007818"
form_type: "8-K"
ticker: "FWDI"
cik: "0000038264"
company_name: "Forward Industries, Inc."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:48:40.108831+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Forward Industries extends $1.4M related-party note maturity to Dec 2024

## Summary
- Board approved extension of $1.4M promissory note (originally $1.6M, $200k repaid) issued to Forward China, owned by Chairman/CEO.
- Maturity date extended to December 31, 2024 from prior date.
- Amendment to note executed on November 15, 2022.
- Forward China is an entity wholly owned by Forward Industries' Chairman and CEO.
- The note represents a direct financial obligation of the registrant.

## SEC filing metadata
- accession: 0001683168-22-007818
- form_type: 8-K
- ticker: FWDI
- cik: 0000038264
- company_name: Forward Industries, Inc.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38264/000168316822007818/0001683168-22-007818-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38264/000168316822007818/forward_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-007818
- JSON: https://secwatch.observer/filing/0001683168-22-007818.json
- Plain text: https://secwatch.observer/filing/0001683168-22-007818.txt

## Key facts
- Debt Financings
  Forward Industries, Inc. amended loan of $1.4 million with Forward Industries (Asia-Pacific) Corporation maturing December 31, 2024.
  - Instrument: loan
  - Principal: $1.4 million
  - Counterparty: Forward Industries (Asia-Pacific) Corporation
  - Maturity: December 31, 2024
  - Event: amendment
  source text: On November 15, 2022, the Board of Directors of Forward Industries, Inc. (the “Company”) approved the extension of the maturity date of that certain $1.6 million promissory note (which, after $200,000 of principal payments, the principal balance has been reduced to $1.4 million) issued by the Company to Forward Industries (Asia-Pacific) Corporation (“Forward China”) to December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/38264/000168316822007818/0001683168-22-007818-index.htm

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