v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Sep. 30, 2025
Sep. 30, 2024
Operating activities:        
Net loss $ (34,860,910) $ (1,921,805) $ (4,890,555) $ (8,972,735)
Gain from discontinued operations     (3,206,078)
Adjustments to reconcile net loss to net cash used in operating activities:        
Fair value variation 31,633,746 (2,024,465) 82,844
Loss on acquisition 20,164 20,210
Gain on disposal of subsidiary (19,824)    
Depreciation and amortization 3,346 15,444 81,456 190,548
Noncash lease expense 22,266 83,300 117,593 481,752
Stock compensation expenses     641,879
Stock option expense     (62,308)
Allowance for credit loss     2,098 3,450,141
Loss from investment   1,092,169
Property and equipment asset impairment     203,973
Goodwill impairment     1,859,184
Inventory write-down     902,776 815,498
Interest income, net     7,583
Forgiveness of loan payable and other payables     (404,669) (1,847)
Accrued interest     22,400
Common Stock compensation 1,163,976 523,680    
Bad debt losses 1,891    
Change in operating assets and liabilities:        
Accounts receivable (1,334,580) (71,034) (40,758) 499,582
Inventories 11,893,318 (8,147,696) (8,248,213) (3,775,210)
Prepaid expenses and other current assets 3,212,101 206,027 (4,501,022) 23,041
Other receivables - related party (83,079) (92,457)
Other assets (24,456,951) 7,060
Accounts payable 1,447,730 (783,038) (451,403) 426,302
Other payables-related party 1,757,193 203,975 7,500
Deferred income     (379,795)
Accrued Interest 25,929    
Lease liability – operating lease 27,196 (86,388) (126,146) (277,467)
Accrued expenses and other current liabilities (562,381) (132,988) (665,876) (583,233)
Net cash used in operating activities (10,129,033) (10,294,334) (17,593,993) (9,970,680)
Discontinued Operations*:        
Losses caused by the termination of business [1]     (433,566)
Interest income [1]     25,495
Depreciation from discontinued operations [1]     3,728
Changes in operating assets and liabilities [1]     277,241
Net cash used in discontinued business operations [1]     (127,102)
Investing activities:        
Purchase of equipment     (319,843)
Proceeds from disposal of equipment 10,736 10,736
Cash received from the acquisition of subsidiaries 2,031 11,629
Acquisition of subsidiary     (200)
Cash decrease from disposal of subsidiary (160)    
Net cash provided by/(used in) investing activities (160) 12,767 22,365 (320,043)
Financing activities:        
Repayment of loans (1,486,995) (95,671) (4,753)
Proceed of loans     1,919,961
Repayment of finance lease     (26,048)
Proceeds from issuance of convertible note 1,600,000 10,144,186 1,620,000
Proceeds from private placement 2,000,000 3,505,984 4,499,999
Proceeds from issuance of Common Stock, exercise of stock options 8,453,075 9,561,299    
Proceeds from issuance of convertible notes-related party     3,693,041 300,000
Proceeds from issuance of common stock, ATM offering     1,277,113
Net cash provided by financing activities 10,053,075 10,074,304 17,247,540 9,586,272
Effect of foreign exchange on cash (44,144) (254,555) (2,847) 312,906
Net change in cash (120,262) (461,818) (326,935) (518,647)
Cash, beginning of period 137,287 464,222 464,222 982,869
Cash, end of period 17,025 2,404 137,287 464,222
Supplemental disclosure of cash flow information:        
Cash paid for interest 1,961
Cash paid for taxes
Share issuance for Bitcoin     $ 37,025,000
[1] On June 7, 2024, the Company sold (i) NuZee Korea Ltd., a company incorporated in Korea, and (ii) NuZee Investment Co., Ltd., a company incorporated in Japan, each of which was a wholly owned subsidiary of the Company.