Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Mar. 31, 2025 |
Mar. 31, 2024 |
Mar. 31, 2025 |
Mar. 31, 2024 |
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Revenue from sale of vehicles | $ 4,950,140 | $ 33,335 | $ 7,870,625 | $ 33,335 | ||
Cost of revenues | 6,996,936 | 13,440 | 13,585,869 | 13,440 | ||
Gross loss | (2,046,796) | 19,895 | (5,715,244) | 19,895 | ||
Operating expenses: | ||||||
General and administrative | 41,372,436 | 47,903,692 | 77,856,845 | 91,137,744 | ||
Research and development | 10,364,113 | 24,023,526 | 21,646,488 | 40,193,493 | ||
Impairment of intangible assets | 12,006,452 | 73,447,067 | 12,006,452 | 73,447,067 | ||
Impairment of right-of -use assets | 0 | 3,167,608 | 0 | 3,167,608 | ||
Impairment of goodwill | 0 | 28,846,832 | 0 | 28,846,832 | ||
Loss from operations | (65,789,797) | (177,368,830) | (117,225,029) | (236,772,849) | ||
Other income (expense): | ||||||
Other financing costs - initial recognition of warrants | (21,105,570) | 0 | (37,184,192) | 0 | ||
Derivative, Gain (Loss) on Derivative, Net | 98,247,063 | 3,622,758 | 63,617,277 | (3,106,223) | ||
Loss on exchange of warrants | (57,770,454) | 0 | (57,770,454) | 0 | ||
Gain on extinguishment of debt | 0 | 34,625 | 1,553,771 | 34,625 | ||
Loss on disposal of fixed assets | 0 | (449,855) | 0 | (373,865) | ||
Interest expense | (7,526,542) | (259,700) | (26,191,911) | (517,723) | ||
Other income, net | 64,986 | 893,692 | 522,979 | 1,489,108 | ||
Total other income (expense) | 11,909,483 | 3,841,520 | (55,452,530) | (2,474,078) | ||
Net loss before income tax benefit | (53,880,314) | (173,527,310) | (172,677,559) | (239,246,927) | ||
Income tax benefit/ (provision) | (600) | 2,165,062 | (1,200) | 3,891,300 | ||
Net loss | (53,880,914) | (171,362,248) | (172,678,759) | (235,355,627) | ||
Changes due to net losses of the subsidiary | (6,805,023) | (38,930,288) | (10,714,311) | (41,528,769) | ||
Net loss attributable to stockholders | (47,075,891) | (132,431,960) | (161,964,448) | (193,826,858) | ||
Waived/(accrued) accumulated preferred dividends and other capital transactions with preferred stockholders | (25,310) | (22,043) | (50,038) | (43,346) | ||
Net loss used in computing basic net loss per share of common stock | $ (47,101,201) | $ (132,454,003) | $ (162,014,486) | $ (193,870,204) | ||
Net loss per share (in dollars per share) | [1] | $ (489.24) | $ (12,041,273) | $ (3,338.65) | $ (21,493,371) | |
Weighted average shares outstanding, basic and diluted (in shares) | [1] | 96,275 | 11 | 48,527 | 9 | |
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- Definition Represents the initial recognition of warrants as a part of financing costs. No definition available.
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- Definition Amount of gain (loss) from the difference between the exchange of warrants. No definition available.
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of impairment loss from asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of loss from impairment of right-of-use asset from operating lease. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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