| Schedule of segment information |
The
following table summarizes revenues, operating loss, and net loss for the continuing Consumer Products segment for the three months
ended December 31, 2025 (in thousands):
Schedule of segment information
| | |
2025 | | |
2024 | |
| | |
Three
months ended December 31, | |
| | |
2025 | | |
2024 | |
| Net
sales | |
$ | 2,807 | | |
$ | — | |
| Cost
of goods sold: | |
| | | |
| | |
| Direct | |
| 1,721 | | |
| — | |
| Indirect | |
| 32 | | |
| — | |
| Total
cost of goods sold | |
| 1,753 | | |
| — | |
| Gross
profit | |
| 1,054 | | |
| — | |
| Segment
expenses: | |
| | | |
| | |
| Discretionary
marketing | |
| 473 | | |
| — | |
| Outbound
freight | |
| 11 | | |
| — | |
| Other
segment expenses (a) | |
| 4,360 | | |
| — | |
| Total
segment expenses | |
| 4,844 | | |
| — | |
| Loss
from operations | |
| (3,790 | ) | |
| — | |
| Other
income (expense): | |
| | | |
| | |
| Interest
income (expense), net | |
| 1,288 | | |
| — | |
| Loss
on extinguishment of debt | |
| 3,064 | | |
| — | |
| Changes
in fair value of digital assets | |
| 464 | | |
| — | |
| Other
income (expense) | |
| 4 | | |
| — | |
| Total
other income (expense) | |
| 4,820 | | |
| — | |
| Income
tax expense | |
| 4 | | |
| — | |
| Net
loss | |
$ | (8,614 | ) | |
$ | — | |
| (a) | Other
segment expenses include employee compensation and benefits, share based compensation, non-cash
charges, other sales and marketing costs, professional fees, broker commissions, and other
general expenses |
|
The
following table summarizes revenues, gross margin, and Adjusted EBITDA for the continuing Consumer Products segment for the years ended
September 30, 2025 (in thousands):
Schedule
of segment information
| | |
2025 | | |
2024 | |
| | |
Twelve months Ended September 30, | |
| | |
2025 | | |
2024 | |
| Net sales | |
$ | 6,534 | | |
$ | — | |
| Cost of goods sold: | |
| | | |
| | |
| Direct | |
| 4,413 | | |
| — | |
| Indirect | |
| 595 | | |
| — | |
| Total cost of goods sold | |
| 5,008 | | |
| — | |
| Gross profit | |
| 1,526 | | |
| — | |
| Segment expenses: | |
| | | |
| | |
| Discretionary marketing | |
| 890 | | |
| — | |
| Outbound freight | |
| 6 | | |
| — | |
| Other segment expenses (a) | |
| 12,036 | | |
| — | |
| Total segment expenses | |
| 12,932 | | |
| — | |
| Loss from operations | |
| (11,406 | ) | |
| — | |
| Other income (expense): | |
| | | |
| | |
| Interest expense | |
| (628 | ) | |
| — | |
| Loss on extinguishment of debt | |
| (716 | ) | |
| — | |
| Bargain purchase gain | |
| 4,111 | | |
| — | |
| Other expense | |
| — | | |
| — | |
| Total other income (expense) | |
| 2,767 | | |
| — | |
| Income tax expense | |
| — | | |
| — | |
| Net loss | |
$ | (8,639 | ) | |
$ | — | |
| (a) | | Other segment expenses
include employee compensation and benefits, share based compensation, non-cash charges, other sales and marketing costs, professional
fees, broker commissions, and other general expenses |
|
| Schedule of revenue by geography |
Revenue
by geography is based on where the customer is based. Summary financial data attributable to various geographic regions for the periods
indicated is as follows:
Schedule of revenue by geography
| | |
2025 | | |
2024 | |
| | |
Three
Months Ended December 31, | |
| | |
2025 | | |
2024 | |
| United
States | |
$ | 2,633 | | |
$ | — | |
| Canada | |
| 50 | | |
| — | |
| Asia | |
| 124 | | |
| — | |
| Total | |
$ | 2,807 | | |
$ | — | |
|
Revenue
by geography is based on where the customer is based. Summary financial data attributable to various geographic regions for the years
indicated is as follows:
Schedule
of revenue by geography
| | |
2025 | | |
2024 | |
| | |
Year Ended September 30, | |
| | |
2025 | | |
2024 | |
| United States | |
$ | 5,505 | | |
$ | — | |
| Taiwan | |
| 833 | | |
| — | |
| Other | |
| 196 | | |
| — | |
| Total | |
$ | 6,534 | | |
$ | — | |
|