v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from Operating Activities:    
Net loss $ (19,846,008) $ (232,565)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Change in fair value of other liabilities (262,800)
Change in fair value of convertible notes payable 279,046
Gain on investment of marketable securities (114,111)
Amortization of debt issuance cost 1,826,461
Stock based compensation 2,841,166
Depreciation and amortization 5,821,145
Changes in current assets and current liabilities:    
Prepaid expenses and other current assets (434,092)
Due from related party (127,862)
Advances to supplier (98,250)
Accounts payable and accrued expenses 349,501 90,000
Customer deposit 108,006
Deferred revenue 350,000
Due to related parties (334,176) 190,428
Stock-based compensation liability 637,800
Late payment penalty on excise taxes payable 59,821
Late payment penalty on income taxes payable 49,228
Net cash used in operating activities (8,790,770) (56,492)
Cash flows from Investing Activities:    
Proceeds from sale of marketable securities, net 114,375
Advance to C.M. Composite Materials Ltd (3,476,245)
Purchase of property, plant and equipment (59,075)
 Deposit on property, plant and equipment (350,000)
Cash paid for equity method investment (49,823)
Cash acquired in connection with asset acquisition 119,135
Net cash (used in) provided by investing activities (3,816,008) 114,375
Cash flows from Financing Activities:    
Proceeds from issuance of convertible note, net of costs 850,000
Repayment of convertible notes (463,680)
Proceeds from issuance of promissory note 16,975,000
Repayment of promissory note (780,461)
Proceeds from drawdown of SEPA 1,760,761
Proceeds from exercise of warrants 6,235,945
Net cash provided by financing activities 24,577,565
Net change in cash and cash equivalents 11,970,787 57,883
Cash and cash equivalents, beginning of the period 2,284,933 3,014
Cash and cash equivalents, end of the period 14,255,720 60,897
Supplemental Cash Flow Disclosures    
Cash paid for interest
Cash paid for taxes
Non cash investing and financing activities:    
Debt discount on warrant issued for Notes 6,986,665
Issuance of shares pursuant to the SaverOne exchange agreement 2,723,792
Issuance of shares in asset acquisitions 40,410,000
Issuance of warrants pursuant to the exchange agreement 2,340,000
Note issued in asset acquisition 10,000,000
Shares to be issued related to asset acquisition $ 66,990,000