Forge Innovation Development Corp. (OTC: FGNV)

Forge Innovation Development Corp. operates as a development stage company focused on commercial and residential land development, primarily targeting properties in Southern California. The company's activities encompass the purchase and sale of real estate, property management, securing acquisition rights, obtaining zoning entitlements, securing financing, improving infrastructure and amenities, and selling properties to homeowners and commercial entities for restaurants, offices, and small businesses. Forge Innovation Development Corp. was incorporated in the State of Nevada in January 2016 and has since expanded its operations to include a wholly owned subsidiary, Forge Network Inc, established in the State of California in August 2020.

The company generates revenue through the sale of developed properties and management fees from properties it owns or manages. Its primary products and services include land development, property management, and real estate transactions. The customer base consists of homeowners, commercial property owners, and tenants occupying spaces in the properties managed by the company. Forge Innovation Development Corp. has demonstrated its ability to generate profits from property sales, as evidenced by its initial property acquisition in Desert Hot Springs, which was sold for a profit despite permit issues.

• Real Estate Development: This segment involves the acquisition, development, and sale of commercial and residential properties. The company's first significant property was a 29-acre plot in Desert Hot Springs, which was sold to an independent third party. Another notable property is Mission Marketplace, a grocery-anchored shopping center located at 6240 Mission Boulevard in Jurupa Valley, California. This property contains two one-story and one two-story buildings with a total of 48,722 square feet of gross leasable area situated on a 4.51-acre site. The company acquired a 51% interest in the property through a related party transaction involving Legend Investment Management, LLC, but later released this interest back to the seller. This segment caters to the real estate market in Southern California, targeting investors and end-users seeking developed properties for various uses.

• Property Management: Forge Innovation Development Corp. also engages in property management services, both for properties it owns and those owned by unaffiliated third parties. This segment generates revenue through management fees and is aimed at property owners seeking professional management services. The company's management income from related parties amounted to $16,000 for the three months ended September 30, 2025, and $28,000 for the nine months ended September 30, 2025.

Forge Innovation Development Corp. operates in the competitive real estate development and management industry. Key competitors include other real estate development firms, property management companies, and individual investors active in the Southern California market. The company's competitive advantages lie in its ability to secure and develop properties, navigate regulatory challenges, and generate profits from property sales. However, the company faces significant financial challenges, including accumulated losses since inception and a negative working capital position. As of September 30, 2025, the company had a cash balance of $(10) and a negative working capital of $182,888, compared to a cash balance of $32,403 and a negative working capital of $1,174,511 as of December 31, 2024. The company's management is focused on improving business profitability and generating sufficient cash flow from operations to continue as a going concern.

The company's customer base includes homeowners, commercial property owners, and tenants occupying spaces in the properties managed by Forge Innovation Development Corp. While specific customer names are not disclosed, the company's focus on the Southern California market suggests a diverse range of clients, including individual investors, businesses, and institutional investors. The company's ability to attract and retain customers will be crucial for its long-term success and financial stability.