v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Mar. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income (loss) $ 102,958,139 $ (160,787,979) [1] $ (2,429,417) $ (8,518,520) [1] $ (17,428,428) [1]
Net loss from discontinued operations (182,755) (157,975) (334,216) (1,140,921) (2,768,114)
Net income (loss) from continuing operations 103,140,894 (160,630,004) (2,095,201) (7,377,599) (14,660,314)
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization of debt discount 135,470 413,911 315,834
Amortization of intangible assets     2,371,567
Depreciation expense 299      
Stock-based compensation 177,905 5,603 74,668 229,605 370,878
Loss on extinguishment of vendor obligations   277,993   288,835
Gain on extinguishment of vendor obligations     (211,200)
Gain on extinguishment of due to affiliates     (192,069)
Provision for bad debt – related parties     529,488
Impairment loss     391,217 11,914,320
Gain on sale of investment   (63,759)  
Day one loss on stock purchase warrants issued in connection with private placement   13,533,404  
Day one loss of stock purchase warrants issued in connection with conversion of convertible notes   663,408  
Change in fair value - convertible note embedded derivative (567,413) 624,888
Loss on reclassification of stock purchase warrants from equity-classified to liability-classified   45,784  
Change in fair value - stock purchase warrant liabilities (104,278,287) 140,584,780
Changes in operating assets and liabilities:          
Other current assets 34,831 136,438 (6,605) (236,235) (851)
Due from affiliates     (493,725)
Accounts payable (51,259) 69,600
Due to affiliates 2,607 2,919,129 134,120
Interest payable - related parties 33,841 20,949 10,024 44,111
Accrued expenses and other current liabilities   2,860,965   2,934,934 189,132
Accrued liabilities and other payables (250,366)   1,842,215    
Net cash used in operating activities from continuing operations (1,621,478) (1,456,040) (174,899) (893,438) 354,615
Net cash provided by (used in) operating activities from discontinued operations 279,964 1,115,948 (947,810) (2,925,005) (1,586,997)
NET CASH USED IN OPERATING ACTIVITIES (1,341,514) (340,092) (1,122,709) (3,818,443) (1,232,382)
CASH FLOWS FROM INVESTING ACTIVITIES:          
Purchase of computer equipment (10,221)      
Proceeds from sale of investment   63,759  
Advance to target of planned acquisition (800,000) (1,000,000)
Net cash (used in) provided by investing activities from continuing operations (810,221) (936,241)
Net cash (used in) provided by investing activities from discontinued operations 132,826 (1,109,936)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (810,221) (936,241) 132,826 (1,109,936)
CASH FLOWS FROM FINANCING ACTIVITIES          
Business Combination, net of issuance costs     150,161
Proceeds from loan payable - related parties 293,000 1,353,640 270,563
Proceeds from issuance of private placement and embedded derivative, net of issuance costs   9,134,876  
Proceeds from issuance of common stock, net of issuance costs   477,795  
Repayments on loans payable - related parties   (1,000,000)  
Proceeds from issuance of convertible notes payable and embedded derivative, net of issuance costs   450,000  
Proceeds from issuance of convertible notes payable and stock purchase warrants, net of issuance costs     996,075
Proceeds from issuance of note payable and stock purchase warrants     78,000
Net cash provided by financing activities – continuing operations 9,062,671 293,000 2,577,876 270,563
Net cash provided by financing activities from discontinued operations 627,729 422,527 147,753
NET CASH PROVIDED BY FINANCING ACTIVITIES 9,062,671 920,729 3,000,403 418,316
EFFECT OF EXCHANGE RATE ON CASH FROM CONTINUING OPERATIONS (3,082)      
EFFECT OF EXCHANGE RATE ON CASH FROM DISCONTINUED OPERATIONS 35,464 35,844 (10,410) 28,854 231,404
Net change in cash, including cash from discontinued operations (2,119,353) 7,822,182 (212,390) (656,360) (1,692,598)
Cash, including cash from discontinued operations - beginning of period 7,857,641 35,459 863,610 691,819 2,384,417
Cash, including cash from discontinued operations - end of period 5,738,288 7,857,641 651,220 35,459 691,819
Less cash from discontinued operations 1,275,372 959,944 645,235 35,086 683,970
Cash from continuing operations, end of period 4,462,916 6,897,697 5,985 373 7,849
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
Interest     1,436
NON-CASH INVESTING AND FINANCING ACTIVITIES:          
Fair value of pre-funded warrants exercised 3,055,814      
Issuance of common stock to settle loans payable – related parties and accrued and unpaid interest     613,410
Capital reduction on settlement of loans payable – related parties and accrued and unpaid interest through issuance of common stock     (342,847)
Issuance of common stock to settle due to affiliates     6,627,314
Capital reduction on settlement of due to affiliates through issuance of common stock     (3,900,254)
Issuance of common stock to settle accrued expenses and other current liabilities 759,993 $ 750,000 1,880,187
Settlement of due to affiliates through issuance of loan payable – related parties     1,213,348
Settlement of accrued expenses and other current liabilities through issuance of Old Nukk common stock     213,386
Issuance of Old Nukk common stock to Brilliant vendors in exchange for receivable from Brilliant     1,802,215
Settlement of loans payable – related parties through exchange of notes receivable – related parties and accrued and unpaid interest     37,978
Settlement of loans payable – related parties through exchange of due from affiliates     11,855
Fair value of derivative liability embedded within convertible note payable   (847,753)  
Fair value of liability-classified stock purchase warrants issued in connection with the private placement agreement   23,239,044  
Issuance of common stock issued as compensation for services   1,364,025  
Issuance of common stock issued to settle Exit and Settlement Agreement   325,032  
Issuance of common stock issued as compensation to board of directors   959,100  
Fair value of liability-classified warrants issued in connection with conversion of convertible notes   (663,408)  
Settlement of convertible notes payable through issuance of common stock   771,085  
Fair value of stock purchase warrants reclassified from equity-classified to liability-classified   $ (283,293)  
[1] 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.