Concentration of risk |
3 Months Ended |
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Dec. 31, 2025 | |
| Risks and Uncertainties [Abstract] | |
| Concentration of risk | Note 13 — Concentration of risk
Credit risk
Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable.
As of December 31, 2025 and September 30, 2025, $4,386,033 and $420,086 respectively, were deposited with various major financial institutions in the United States. Accounts at each institution in the United States are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000. As of December 31, 2025 and September 30, 2025, the Company had deposits in excess of the FDIC insurance limit with two financial institutions in the United States with $4,122,710 and $156,849 uninsured, respectively.
Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposing the Company to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.
Customer and vendor concentration risk
For the three months ended December 31, 2025, three customers accounted for 100% of the Company’s total revenues. For the three months ended December 31, 2024, two customers accounted for 100% of the Company’s total revenues. As of December 31, 2025 and September 30, 2025, $ outstanding of accounts receivable.
For the three months ended December 31, 2025, two suppliers accounted for % of the Company’s total purchases. For the three months ended December 31, 2024, two suppliers accounted for % of the Company’s total purchases. As of December 31, 2025 and September 30, 2025, $ outstanding of accounts payable.
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