| Schedule of Significant Expense |
The statements of operations below are inclusive
of the significant expense categories regularly reviewed by the CODM for the three and six months ended March 31, 2026 and 2025:
| | |
Three months ended
March
31, | | |
Six months ended
March 31, | |
| | |
2026
(As Restated) | | |
2025 | | |
2026
(As Restated) | | |
2025 | |
| Product revenue | |
$ | 1,862,050 | | |
$ | 1,386,550 | | |
$ | 4,754,685 | | |
$ | 4,660,717 | |
| Cost of product revenue | |
| 871,786 | | |
| 615,489 | | |
| 2,196,593 | | |
| 1,962,767 | |
| Product gross profit | |
| 990,264 | | |
| 771,061 | | |
| 2,558,092 | | |
| 2,697,950 | |
| | |
| | | |
| | | |
| | | |
| | |
| License revenue | |
| - | | |
| - | | |
| - | | |
| 3,000,000 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating expenses: | |
| | | |
| | | |
| | | |
| | |
| General and administrative | |
| 1,503,576 | | |
| 1,581,895 | | |
| 2,957,792 | | |
| 3,236,261 | |
| Sales | |
| 199,136 | | |
| 157,436 | | |
| 373,293 | | |
| 362,352 | |
| Marketing | |
| 216,659 | | |
| 201,083 | | |
| 473,741 | | |
| 385,255 | |
| Development | |
| 1,310,388 | | |
| 1,337,781 | | |
| 2,554,705 | | |
| 2,339,967 | |
| Quality assurance | |
| 157,702 | | |
| 172,882 | | |
| 303,065 | | |
| 342,924 | |
| Total operating expenses | |
| 3,387,461 | | |
| 3,451,077 | | |
| 6,662,596 | | |
| 6,666,759 | |
| Loss from operations | |
| (2,397,197 | ) | |
| (2,680,016 | ) | |
| (4,104,504 | ) | |
| (968,809 | ) |
| Fair value change in warrant liability | |
| (8,271 | ) | |
| 390,351 | | |
| 214,469 | | |
| 779,796 | |
| Financing costs | |
| - | | |
| - | | |
| - | | |
| (324,738 | ) |
| Other income | |
| 23,446 | | |
| 19,058 | | |
| 70,123 | | |
| 28,466 | |
| Loss before income taxes | |
| (2,382,022 | ) | |
| (2,270,607 | ) | |
| (3,819,912 | ) | |
| (485,285 | ) |
| Provision for income taxes | |
| - | | |
| - | | |
| - | | |
| - | |
| Net loss | |
$ | (2,382,022 | ) | |
$ | (2,270,607 | ) | |
$ | (3,819,912 | ) | |
$ | (485,285 | ) |
|