Forge Innovation Development (Forge Innovation Development) Accounts Payable & Accrued Expense : $1.16 Mil (As of Mar. 2024)

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What is Forge Innovation Development Accounts Payable & Accrued Expense?

Forge Innovation Development's quarterly accounts payable & accrued expense declined from Sep. 2023 ($1.12 Mil) to Dec. 2023 ($1.09 Mil) but then increased from Dec. 2023 ($1.09 Mil) to Mar. 2024 ($1.16 Mil).

Forge Innovation Development's annual accounts payable & accrued expense declined from Dec. 2021 ($0.15 Mil) to Dec. 2022 ($0.15 Mil) but then increased from Dec. 2022 ($0.15 Mil) to Dec. 2023 ($1.09 Mil).

Forge Innovation Development Accounts Payable & Accrued Expense Historical Data

The historical data trend for Forge Innovation Development's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Forge Innovation Development Accounts Payable & Accrued Expense Chart

Forge Innovation Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.02

0.15

1.09

Forge Innovation Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.27	0.28	1.12	1.09	1.16

Forge Innovation Development Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Forge Innovation Development (Forge Innovation Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Forge Innovation Development Corp (OTCPK:FGNV) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

6280 Mission Boulevard, Unit 205, Jurupa Valley, CA, USA, 92509

Website

https://www.forgecorpusa.com

Forge Innovation Development Corp is a real estate development company. The company is engaged in commercial and residential land development, including purchase and sale of real estate, targeting properties in Southern California. Its primary business is to acquire land and develop and sell fully constructed homes and commercial property such as stores, offices, and private schools, among others to non-affiliated third parties. It also intends to invest its funds in income-yielding properties.

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