v3.25.2
Segment Reporting
 9 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 18 – Segment Reporting

 

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments.

 

The Company uses the management approach to determine reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Company’s CODM has been identified as the Company’s chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company has only one geographic operating location in Malaysia, so the Company determines that reporting operating segments by geographic locations is not necessary.

 

The Company’s organizational structure is based on a number of factors that the CODM uses to evaluate, view and run its business operations which include, but not limited to, customer base, homogeneity of service and technology. The Company’s operating segments are based on such organizational structure and information reviewed by the CODM to evaluate the operating segment results. Based on management’s assessment, the Company determined that it has only one operating segment as defined by ASC 280.

The following table presents major accounts of statements of operations by segments for the three and nine months ended June 30, 2025 and 2024.

 

   For the Three Months Ended
June 30,		   For the Nine Months Ended
June 30,		 
  

2025

(unaudited)

  

2024

(unaudited)

  

2025

(unaudited)

  

2024

(unaudited)

 
Revenues  $49,316   $
—
   $49,316   $
—
 
Cost of revenues   76,005    
—
    76,005    
—
 
Segment gross loss   (26,689)   
—
    (26,689)   
—
 
Advertising and marketing expenses   
—
    182,461    104,409    313,574 
Salaries and benefits expenses   1,144,402    277,903    1,651,091    334,607 
Provision for bonus   
—
    
—
    
—
    13,606,765 
Insurance, legal and consulting expenses   439,778    1,170,578    698,523    1,366,574 
Other operating expenses   87,831    381,996    422,993    707,440 

Share compensation expense

   

19,200,000

    

—

    

19,200,000

    

—

 
Total operating expenses   20,872,011    2,012,938    22,077,016    16,328,960 
Segment operating loss   (20,898,700)   (2,012,938)   (22,103,705)   (16,328,960)
Interest income (expense), net   384,284    (5,282)   357,456    (362,484)
Other expenses, net   (987,541)   (311)   (1,021,886)   (1,363)
Income tax expense   
—
    
—
    
—
    
—
 
Segment net loss  $(21,501,957)  $(2,018,531)  $(22,768,135)  $(16,692,807)