Discontinued operations

6 Months Ended

Mar. 31, 2026

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

Note 12 — Discontinued operations

On March 4, 2025, the Company entered into a Share Purchase Agreement with Architectix Limited, pursuant to which the Company sold all issued and outstanding shares it owns in Inno Metal Studs Corp (“IMSC”) and Inno AI Tech Corp (“AT”) for an aggregate purchase price of $1,000.

On March 28, 2025, the Company entered into a Membership Interest Purchase Agreement with Strucraft Group Limited, pursuant to which the Company sold all the membership interest it owns in Castor Building Tech LLC (“CBT”), which represents 55% of the outstanding membership interest in Castor Building Tech LLC, for an aggregate purchase price of $1,000.

On April 8, 2025, the Company entered into a Share Purchase Agreement with Strucraft Group Limited, pursuant to which the Company sold all issued and outstanding shares it owns in Inno Disrupts Inc. (“Disrupts”) for an aggregate purchase price of $100. The Company determined that Disrupts was not a significant subsidiary, and the disposition of Disrupts did not constitute a strategic shift that would have a major effect on the Company’s operations or financial results. As a result, the results of operations for Disrupts were not reported as discontinued operations under the guidance of ASC 205 “Presentation of Financial Statements.” The disposition of Disrupts resulted in the recognition of a loss of $26,200 for the year ended September 30, 2025, classified as loss on investment disposal in the Consolidated Statement of Operations.

In accordance with the provisions of ASC 205-20, we have not included the results of operations from discontinued operations in the results of continuing operations in the consolidated statements of operations. The results of operations from discontinued operations for the three and six months ended March 31, 2026 and 2025, have been reflected as discontinued operations in the condensed consolidated statements of operations for the three and six months ended March 31, 2026 and 2025, and consist of the following:

Schedule of discontinued operations

		2026				2025				2026				2025
		For the Three Months Ended March 31,								For the Six Months Ended March 31,
		2026				2025				2026				2025
Revenue		$	-			$	-			$	-			$	2,000

Cost of sales			-				-				-				-
GROSS PROFIT / (LOSS)			-				-				-				2,000

Selling, general and administrative expenses (exclusive of expenses shown separately below)			-				80,295				-				188,282
Impairment loss on goodwill			-				-				-				-
Bad debt expense			-				-				-				-
Depreciation			-				10,720				-				30,930
Total operating expenses							91,015								219,212

LOSS FROM OPERATIONS			-				(91,015	)			-				(217,212	)

Interest income (expenses), net			-				(759	)			-				(2,522	)
Other non-operating income (expense)			-				43,647				-				23,938
Total other (expenses) income, net			-				42,888				-				21,416
Net loss from discontinued operations			-				(48,127	)			-				(195,796	)

Non-controlling interest			-				71,229	)			-				69,517

Net loss from discontinued operations to the Company		$	-			$	(119,356	)		$	-			$	(265,313	)

In accordance with the provisions of ASC 205-20, we have included the net cash provided by discontinued operations in the consolidated statements of cash flows. The net cash provided by discontinued operations in the consolidated statements of cash flows for the six months ended March 31, 2026 and 2025, consists of the following:

		2026				2025
		For the Six Months Ended March 31, (unaudited)
		2026				2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from discontinuing operation		$	-			$	(265,313	)
Adjustments to reconcile net income to cash used in operating activities:
Non-controlling interest			-				69,517
Depreciation expense			-				30,930
Non-cash operating lease expense			-				69,003
Fixed assets disposal loss			-				63,035
Prepayments and other current assets			-				85,535
Accounts payable			-				11,798
Operating lease liabilities			-				(4,282	)
Other payables and accrued liabilities			-				(437,889	)
Note payable			-				(21,282	)
Net cash (used in)/ provided by operating activities by discontinued operations			-				(398,948	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Fixed assets additions			-				(26,853	)
Net cash used in investing activities by discontinued operations			-				(26,853	)
CASH FLOWS FROM FINANCING ACTIVITIES
CHANGES IN CASH AND CASH EQUIVALENT		$	-			$	(425,801	)