v3.25.2
Income Taxes (Tables)
3 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Components of Net Loss

The components of net income (loss) were attributable to the following regions:

 

   Three months
ended
December 31,
   Years Ended
September 30,
 
   2024   2024   2023 
United States – continuing operations  $(160,630,004)  $(7,377,598)  $(16,710,346)
United States – discontinued operations   
    (261,186)   425,000 
Foreign – discontinued operations   (157,975)   (879,736)   (1,143,082)
Total  $(160,787,979)  $(8,518,520)  $(17,428,428)
Schedule of Components of Income Taxes Expense

The components of income taxes expense consisted of the following:

 

   Three months
ended
December 31,
   Years Ended
September 30,
 
   2024   2024   2023 
Current:            
Federal  $
   $
   $
 
State   
    
    
 
Foreign   
    
    
 
Total current income taxes expense   
    
    
 
Deferred:               
Federal   (33,734,201)   (1,428,756)   (665,382)
State   (11,421,436)   (483,736)   (225,279)
Foreign   (26,757)   (163,087)   (98,604)
Total deferred income taxes (benefit)   (45,182,394)   (2,075,579)   (989,265)
Change in valuation allowance   45,182,394    2,075,579    989,265 
Total income taxes expense  $
   $
   $
 
Schedule of Reconciliations of Statutory Income Tax Rate

The reconciliations of the statutory income tax rate and the Company’s effective income tax rate were as follows:

 

    Three months
ended
December 31,
    Years Ended
September 30,
 
    2024     2024     2023  
Statutory federal income tax rate     21.0 %     21.0 %     21.0 %
State tax     7.1 %     6.0 %     0.8 %
Foreign rate different rates     0.0 %     (0.2 )%     (0.1 )%
Permanent differences     0.0 %     (0.9 )%     (17.2 )%
Change in valuation allowance     (28.1 )%     (25.9 )%     (4.5 )%
Effective tax rate     0.0 %     0.0 %     0.0 %
Schedule of Net Deferred Tax Assets (Liabilities)

The components of the Company’s net deferred tax assets (liabilities) as of December 31, 2024 and September 30, 2024 and 2023 were as follows:

 

   Three months
ended
December 31,
   September 30,   September 30, 
   2024   2024   2023 
Deferred tax assets            
Net operating loss carry-forwards  $8,394,484   $2,917,949   $1,726,620 
Accrued directors’ compensation   146,792    137,890    100,410 
Stock-based compensation   720,093    718,518    653,976 
Loss from change in fair value – derivative liabilities   39,694,038    
    
 
Impairment of digital assets   
    
    1,511 
Allowance for credit losses   11,027    11,027    123,554 
Unrealized foreign currency exchange loss   1,344    
    612 
Capitalized SPAC acquisition related professional fee   1,261,780    1,261,780    364,902 
Total deferred tax assets, gross   50,229,558    5,047,164    2,971,585 
Valuation allowance   (50,229,558)   (5,047,164)   (2,971,585)
Total deferred tax assets  $
   $
   $