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Forian Inc
41 University Drive, Suite 400
Phone: (267) 757-8707p:267 757-8707 NEWTOWN, PA  18940  United States Ticker: FORAFORA
On March 30, 2025, the Audit Committee of the Board of Directors of Forian Inc, based on the recommendation of, and after consultation with, the company’s management and independent auditors, determined that the company’s previously issued unaudited and audited consolidated financial statements as of and for each of the quarterly and year to date periods in 2023 and the quarterly period ended September 30, 2024 should no longer be relied upon. During the course of the audit of the Company’s 2024 financial statements, management of the Company, after discussion with its independent auditors, determined that under ASC 606, Revenue from Contracts with Customers, aggregate annual minimum payments for certain contracts should be recognized on a straight line basis over the life of the contract, as opposed to individually in the year in which the minimum fee applies under the terms of the contract.
Business Summary
Forian Inc. is a healthtech company. The Company is a provider of data science-driven information and analytics solutions to the life science, healthcare and financial services industries. The Company provides a suite of data management capabilities and proprietary information and analytics solutions to optimize and measure the operational, clinical and financial performance of customers. It has expertise in acquiring, integrating, normalizing and commercializing large-scale healthcare data assets. Its data ingestion, transformation, delivery services and business intelligence platforms are managed entirely via cloud-based data centers located in the United States. The Company’s offerings include commercial, Real World Evidence (RWE) and market access solutions and proprietary data-driven insights to optimize the operational, clinical and financial performance of its customers. The Company’s solutions include CHRONOS, Chartis, RWE and Kyber Data Science.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202412/31/2024YesYes--Yes

Industries
SIC Code Description
5812 Eating places
7372 Prepackaged software
7374 Computer processing and data preparation and processing services

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, President, Chief Executive Officer MaxWygod 36 2/10/2023 10/1/2020
Chief Financial Officer Michael T.Vesey 62 9/2/2021 9/2/2021
Executive Vice President, General Counsel, Secretary EdwardSpaniel 54 3/1/2021 3/1/2021
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Security Grade Protective Services, Ltd. 10200 East Girard Ave. Denver CO United States
Medical Outcomes Research Analytics, LLC 41 University Drive Newtown PA United States

Business Names
Business Name
Amercanex International Exchange
Bread Garden Franchising, Inc.
Cannabase
14 additional Business Names available in full report.

General Information
Number of Employees: 1 (As of 4/9/2025)
Outstanding Shares: 31,202,313 (As of 4/17/2025)
Shareholders: 275
Stock Exchange: NASD
Federal Tax Id: 853467693
Fax Number: (302) 636-5454


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Tuesday, May 13, 2025