v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Sep. 30, 2023
CURRENT ASSETS:        
Cash and cash equivalents $ 4,462,916 $ 6,897,697 $ 373 $ 7,849
Other current assets 72,817 107,648 244,086 7,851
Current assets from discontinued operations 2,127,120 1,089,052 721,250 2,912,708
TOTAL CURRENT ASSETS 8,462,853 9,094,397 965,709 2,928,408
NON-CURRENT ASSETS:        
Right-of-use asset, operating lease 117,406    
Fixed assets, net 9,922    
Investment   391,217
Other assets from discontinued operations 11,646 14,887 19,290 33,000
TOTAL NON-CURRENT ASSETS 138,974 14,887 19,290 424,217
TOTAL ASSETS 8,601,827 9,109,284 984,999 3,352,625
CURRENT LIABILITIES:        
Accounts payable 18,341 69,600
Operating lease liability, current portion 51,214      
Convertible notes payable, net 831,623 706,354 [1] 818,009 [1] [1]
Note payable, net 74,600 64,399 54,198
Due to affiliates 45,078 42,471 42,471 1,255,820
Accrued expenses and other current liabilities 916,949 1,167,315 1,444,143 524,809
Stock purchase warrant liabilities 57,436,424 164,770,525
Derivative liability 280,340 847,753
Current liabilities from discontinued operations 4,435,236 3,162,509 3,083,956 7,342,836
TOTAL CURRENT LIABILITIES 64,709,245 171,450,366 7,070,071 9,123,465
NON-CURRENT LIABILITIES:        
Operating lease liability, net of current portion 66,192    
Non-current liabilities from discontinued operations 17,906 17,368 28,836 151,827
TOTAL NON-CURRENT LIABILITIES 1,109,598 1,009,027 1,012,641 422,390
TOTAL LIABILITIES 65,818,843 172,459,393 8,082,712 9,545,855
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ DEFICIT:        
Preferred stock value [2] [2] [2]
Common stock value 501 493 [2] 209 [2] 126 [2]
Additional paid-in capital 40,993,300 37,759,589 [2] 33,334,725 [2] 25,543,929 [2]
Accumulated deficit (98,117,604) (201,075,743) [2] (40,287,764) [2] (31,769,244) [2]
Accumulated other comprehensive (loss) income (93,213) (34,448) [2] (144,883) [2] 31,959 [2]
TOTAL STOCKHOLDERS’ DEFICIT (57,217,016) (163,350,109) [2] (7,097,713) [2] (6,193,230) [2]
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 8,601,827 9,109,284 984,999 3,352,625
Related Party        
CURRENT ASSETS:        
Advances - related party 1,800,000 1,000,000
CURRENT LIABILITIES:        
Loans payable - related parties, current 619,440 619,440 1,627,294
NON-CURRENT LIABILITIES:        
Loan payable - related parties, net of current portion 947,548 947,548    
Loans payable - related parties, net of current portion   947,548 939,694 270,000
Interest payable - related parties, net of current portion $ 77,952 $ 44,111 $ 44,111 $ 563
[1] Retroactively restated to include the Additional September 2024 Notes as described in Note 9.
[2] Retroactively restated for the reverse recapitalization as described in Note 1 and Note 4 and the one-for-eight reverse stock split described in Note 10.