Forza Innovations Inc
Industrials · Metal Doors, Sash, Frames, Moldings & Trim · WY · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $114,596 | $25,871 | $0 | $605,433 | $768,787 | $236,858 |
| Operating income | −$926,658 | −$1.9M | −$60,165 | −$33,255 | $162,413 | −$68,395 |
| Net income | −$4.8M | −$2.7M | −$3.1M | −$321,008 | $102,743 | −$76,292 |
| Total assets | $91,404 | $462,556 | $137,881 | $848,238 | $625,421 | $525,545 |
| Total liabilities | $4.7M | $1.8M | $420,611 | $787,828 | $527,003 | $529,870 |
| Equity | −$4.6M | −$1.3M | −$282,730 | $60,410 | $98,418 | −$4,325 |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 1.90B | 394.7M | 281.5M | 18.1M | 17.9M | 17.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2023- Operating margin
- −808.6%
- Net margin
- −4150.0%
- Return on equity
- 103.2%
- Return on assets
- −5203.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 5141.4%
- Debt / equity
- —
- Book value / share
- $-0.00
- Revenue growth (YoY)
- 343.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2023- Accruals / assets
- −4367.6%clean
- Piotroski F-Score
- 3/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 3 good- Negative shareholder equity
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 29, 2024
- NT 10-Qmissed a reporting deadline ↗Feb 14, 2024
- NT 10-Kmissed a reporting deadline ↗Sep 28, 2023
- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Qmissed a reporting deadline ↗Feb 14, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Forzani JohnnyOfficer — President, Secretary, Treas. | Nov 4, 2021 | Sell | 5,000 | $0.25 |
| Forzani JohnnyOfficer — President, Secretary, Treas. | Nov 3, 2021 | Sell | 5,000 | $0.17 |
| Forzani JohnnyOfficer — President, Secretary, Treas. | Aug 26, 2021 | Conversion | 400,000 | $0.05 |
| Vibhakar Shefali | Jan 21, 2021 | Sell | 17.0M | $100000.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Amended charter or bylaws · Regulation FD disclosureSep 13, 2023
- Regulation FD disclosureFeb 23, 2023
- Entered a material agreement · New financial obligation · Unregistered equity saleSep 29, 2022
- Modified shareholder rightsSep 9, 2022
- Unregistered equity saleAug 1, 2022
- Entered a material agreement · Terminated a material agreement · New financial obligation · Unregistered equity sale · Regulation FD disclosure · Other material eventJun 15, 2022
- Entered a material agreement · Unregistered equity sale · Regulation FD disclosureMar 3, 2022
- Regulation FD disclosureFeb 4, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.