Forza X1, Inc. (FRZA)

Forza X1 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	9.82	12.77	1.8
Short-Term Investments	2.98	-	-
Cash & Short-Term Investments	12.8	12.77	1.8
Cash Growth	0.28%	608.00%	-
Inventory	0.49	-	-
Prepaid Expenses	0.07	0.52	0.09
Total Current Assets	13.37	13.29	1.89
Property, Plant & Equipment	3.54	0.93	0.24
Long-Term Deferred Charges	-	-	0.11
Other Long-Term Assets	0.01	0.01	-
Total Assets	16.92	14.22	2.23
Accounts Payable	0.09	0.1	0.01
Accrued Expenses	0.46	0.09	0.04
Short-Term Debt	0.2	0.17	0.64
Current Portion of Leases	0.09	0.09	-
Current Unearned Revenue	0.01	0.01	-
Total Current Liabilities	0.84	0.45	0.69
Long-Term Leases	0.06	0.07	-
Total Liabilities	0.9	0.52	0.69
Common Stock	0.02	0.01	0.01
Additional Paid-In Capital	26.05	17.78	1.99
Retained Earnings	-10.02	-4.09	-0.46
Treasury Stock	-0.02	-	-
Shareholders' Equity	16.02	13.7	1.54
Total Liabilities & Equity	16.92	14.22	2.23
Total Debt	0.35	0.32	0.64
Net Cash (Debt)	12.46	12.44	1.16
Net Cash Growth	0.11%	971.37%	-
Net Cash Per Share	0.93	1.49	0.17
Filing Date Shares Outstanding	15.75	10.45	7
Total Common Shares Outstanding	15.75	10.45	7
Working Capital	12.53	12.83	1.2
Book Value Per Share	1.02	1.31	0.22
Tangible Book Value	16.02	13.7	1.54
Tangible Book Value Per Share	1.02	1.31	0.22
Land	0.12	-	-
Machinery	1	0.63	0.04
Construction In Progress	2.35	0.01	0.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.