Forge Innovation Development FGNV

Forge Innovation Development Corp. is a development stage company that was incorporated in the State of Nevada in January 2016. The company’s primary objective is commercial and residential land development, which includes the purchase and sale of real estate, the entitlement of properties, and the improvement of infrastructure and amenities. The company focuses its activities on properties located primarily in Southern California. In addition to developing land for resale, Forge Innovation Development Corp. intends to manage properties it owns as well as properties owned by unaffiliated third parties. The company’s first property acquisition was a 29 acre parcel in the city of Desert Hot Springs in Southern California. Due to difficulties with permits and opposition from adjacent landowners, the company opted to sell the parcel to an independent third party rather than engage in prolonged negotiations, realizing a profit on the transaction. On August 17 2020 Forge Innovation Development Corp. established a wholly owned subsidiary named Forge Network Inc in the State of California. As of the reporting date the subsidiary has not generated any income because the company adjusted its business strategy. On March 24 2024 the company acquired a 51 percent interest in Legend International Investment LP through a related party transaction with Legend Investment Management LLC. The interest was later transferred back to Legend Investment Management LLC on July 27 2025. These activities constitute the core of the company’s current operations.

Revenue for Forge Innovation Development Corp. is derived mainly from the sale of developed real estate properties and from fees earned for managing assets on behalf of related parties. The company realized a profit on the sale of its Desert Hot Springs parcel, although the exact amount of proceeds is not disclosed in the filing. During the three month period ended September 30 2025 the company reported management income from related parties of sixteen thousand dollars, compared with zero in the same period of the prior year. For the nine month period ended September 30 2025 management income from related parties totaled twenty eight thousand dollars, again versus zero in the nine month period of 2024. Interest income and other items contributed a small net amount of negative forty dollars for the quarter and nil for the prior year quarter, while interest expense and other items amounted to two hundred fifty dollars for the nine month period and nil for the prior year nine month period. The company has not generated any revenue from its Forge Network Inc subsidiary to date. Overall the firm’s revenue streams remain limited and are closely tied to its real estate transactions and related party service arrangements.

Forge Innovation Development Corp. operates as a small development stage enterprise within the highly competitive Southern California real estate market. The company does not possess the scale or diversified portfolio of larger regional developers and homebuilders. Its strategy centers on identifying land parcels that can be acquired, entitled, and improved before resale to homeowners or commercial users. Because the firm’s activities are concentrated on a limited number of projects, its financial performance is sensitive to the outcome of individual transactions. The filing does not name specific competitors, but the sector includes numerous established firms engaged in land acquisition, development, and property management in the same geographic area.

The company’s customers consist primarily of homeowners and commercial buyers who purchase the developed properties for use as residences, restaurants, offices, or small business facilities. In addition, Forge Innovation Development Corp. earns management fees from related party entities, most notably Legend Investment Management LLC, which receives services related to the oversight of the Legend LP assets. The firm has also sold property to an independent third party, although the identity of that buyer is not disclosed in the filing. No major concentration of revenue from a single non related customer is indicated in the available information. Overall the customer base is diverse but limited in size given the company’s early stage of operations.