v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Sep. 30, 2025
Current assets    
Cash and cash equivalent $ 31,935,158 $ 10,130,942
Inventories 2,441,795 2,107,000
Prepayments and other current assets 7,912,156 1,567,441
Total current assets 42,289,109 13,805,383
Non-current assets    
Right of use asset 132,621
Property and equipment, net 12,759
Equity investment 4,700,000 2,200,000
Total non-current assets 4,845,380 2,200,000
Total assets 47,134,489 16,005,383
Current liabilities    
Advance from customer 100,000
Other payables and accrued liabilities 143,167 318,110
Short-term loan payable 50,000 50,000
Lease liability - current 64,988
Total current liabilities 258,155 468,110
Non-current liabilities    
SEPA liabilities 370,546
Lease liability - non-current 61,896
Total non-current liabilities 61,896 370,546
Total liabilities 320,051 838,656
Stockholders’ Equity    
Common stock, no par value; 100,000,000 shares authorized; 8,413,224 and 539,520 shares issued and outstanding on March 31, 2026 and September 30, 2025 [1]
Additional paid in capital 62,737,484 29,984,734
Accumulated deficit (15,923,046) (14,818,007)
Total equity 46,814,438 15,166,727
Total liabilities and equity $ 47,134,489 $ 16,005,383
[1] On December 22, 2025, the Company completed a 1-for-24 reverse stock split of its issued and outstanding common stock, no par value, (the “Reverse Stock Split”). As a result of the Reverse Stock Split, every twenty-four (24) shares of common stock issued and outstanding immediately prior to December 22, 2025 were converted into one share of common stock, with no fractional shares issued and any fractional entitlements rounded up to the next highest whole number at the participant level. The Reverse Stock Split did not reduce the number of authorized shares of Common Stock and did not change the par value of the Common Stock. The Reverse Stock Split affected all stockholders uniformly. Except to the extent that the Reverse Stock Split resulted in the stockholders’ fractional shares being rounded up on the participant level, no other effects affect stockholder’s ownership percentage of the Company’s shares of Common Stock. All references to number of shares, and to per share information in the consolidated financial statements have been retroactively adjusted.