v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2026
Jan. 31, 2026
Mar. 31, 2025
Jan. 31, 2025
Jan. 31, 2026
Jan. 31, 2025
Dec. 31, 2025
Jul. 31, 2025
Dec. 31, 2024
Jul. 31, 2024
Cash flows from operating activities:                    
Net income (loss) $ (17,812,415)   $ (7,467,201)       $ 74,004,768   $ (24,104,797)  
Adjustments to reconcile net loss to net cash flows from operating activities:                    
Stock-based compensation expense (benefit) (4,704,128)         8,777,574    
Change in fair value of derivative liabilities             16,156,071    
Non-cash severance expense (14,516)         19,162,500    
Net realizable value adjustments             2,581,874    
Change in fair value of notes payable             (4,567,951)    
Non-employee share-based payments 524,325                
Change in fair value of notes payable 142,858   45,000              
Change in fair value of loans payable to related party   (19,000)       514,709    
Amortization of debt discount             128,927    
Fee shares to related party             1,425,095    
Loss on issuance of debt             138,000    
Loss on issuance of debt-related party             40,531,000    
Conversion of NRA shares post deSPAC             1      
ELOC commitment fee expense             7,400,000    
Common stock issued to vendor 69,335                
Change in fair value of warrant liabilities 4,564,500         (209,916,200)    
Changes in non-cash working capital items:                    
Change in fair value of derivative asset             14,839,243    
Bad debt expense 1,655,291                
Changes in operating assets and liabilities:                    
Accounts receivable 21,745,385         (19,948,508)    
Related party receivable   (65,180)       (65,180)   (2,396,334)  
Inventories 299,219         (2,919,845)    
Security deposit 1,200,000                
Other current assets 616,260   141,389       (585,348)   (1,526,541)  
Related party payable   700,001       (7,285,995)   10,315,014  
Accounts payable (18,954,040)   1,253,849       35,765,394   6,539,107  
Professional fees payable             7,566,928    
Loans payable to related party   47,681              
Accrued expenses and other current liabilities 6,317,874   2,056,993       14,595,266   35,988  
Net cash used in operating activities (4,335,536)   (3,306,468)       (17,857,747)   (11,137,563)  
Cash flows from investing activities:                    
Cash acquired in Acquisition   220,897       220,897    
Cash paid for operations plant               (239,134)  
Purchase of property and equipment               (28,678,950)  
Cash paid for construction in progress (2,695,771)   (1,150,996)       (1,784,214)    
Net cash used in investing activities (2,695,771)   (930,099)       (1,563,317)   (28,918,084)  
Cash flows from financing activities:                    
Proceeds from member contributions   4,387,000       4,387,000   37,895,675  
Proceeds from loan payable to related party             9,936,804   2,396,334  
Proceeds from note payable             2,070,000    
Payment of note payable             (37,740)    
Proceeds from borrowing             1,950,000   500,000  
Debt settlement             (2)    
Repayment of borrowing               (500,000)  
Payment of GNCU loans (450,000)                
Payment of financial liability (450,000)                
ELOC at the market stock sales 2,680,229         861,228    
Proceeds for common stock issued to EEME 6,900,000                
Repayment of note payable (756,320)                
Net cash provided by financing activities 7,923,909   4,387,000       19,167,290   40,292,009  
Net increase in cash, cash equivalents and restricted cash 892,602   150,433       (253,774)   236,362  
Cash, cash equivalents and restricted cash at beginning of year 159,232   413,006       413,006   176,600  
Cash, cash equivalents and restricted cash at the end of year 1,051,834   563,439       159,232   413,006  
Supplemental disclosure of cash flow information                    
Cash paid for interest 991,304           6,592,639  
Supplemental disclosure of Non-Cash Investing and Financing Activities:                    
Capitalization of debt closing costs to construction in progress 53,825   53,825       161,475   215,299  
Issuance of common stock in exchange for members’ equity in Acquisition   1,068,562,000       1,060,619,510    
Assumption of net assets (liabilities) in Acquisition   (93,647,521)       (93,647,521)    
Issuance of membership units to settle related party payables   500,000       500,000    
Assumption of net assets (liabilities) from Business Combination             (226,081,466)    
Conversion of convertible note payable to related parties into New XCF common stock             100,000,000    
Issuance of common stock for ELOC commitment fee             7,400,000    
Conversion of non redemption agreement             1,240,000    
Fee shares to related party             1,425,000      
Interest capitalization on notes payable 2,789,859   2,955,225       11,720,829   4,505,441  
Interest capitalization on financial liability $ 3,037,848   $ 2,602,808       10,774,604   9,588,939  
Convertible note issued for services from vendor             $ 5,500,000    
DevvStream Corp                    
Cash flows from operating activities:                    
Net income (loss)   $ (3,414,563)   $ (4,557,626) $ (3,936,109) $ (8,614,060)   $ (12,067,231)   $ (9,871,748)
Adjustments to reconcile net loss to net cash flows from operating activities:                    
Depreciation     361 722   953   1,771
Stock-based compensation expense (benefit)         116,638 292,896   582,966   1,290,327
Change in fair value of derivative liabilities         1,500 (719,000)   (719,000)   845,700
Change in fair value of mandatory convertible debentures         (70,500)   (70,500)   27,500
Change in fair value of warrant liabilities         (3,757,599) (9,223)   (1,728,392)  
Change in fair value of stock option liabilities         (101,423) (177,459)   (196,625)  
Staking income   (25,911)   (40,245)        
Loss on revaluation of cryptocurrencies   1,689,591   2,113,072        
Loss on investment in associate   10,610   106,850 100,177 106,850   512,011  
Gain on settlement of accounts payable         (899,015)   (899,015)  
Gain on settlement of debt     (17,007)   (899,015)  
Impairment of carbon credits   12,968   1,207,800 12,968 1,207,800   1,224,060  
Stop-loss provision loss         49,340 1,024,713   1,065,235  
Non-cash general and administrative                 50,000
Accrued interest         557,401 76,601   305,592   19,024
Accretion expense         468,111 168,945   346,424   52,554
Retirement of carbon credits         50,000        
Changes in non-cash working capital items:                    
GST receivable         (17,541) (30,689)   (54,988)  
Other receivables         (171,573)        
Carbon credits         (44,424) (100,000)   (143,211)  
Prepaid expenses         (335,253) (4,008)   (140,755)   267,294
Accounts payable and accrued liabilities         (1,157,546) 3,865,220   5,731,504   5,807,752
Changes in non-cash working capital items:                    
Corporate taxes receivables               (171,573)   (39,121)
Changes in operating assets and liabilities:                    
Accounts receivable         (340)   (7,360)  
Net cash used in operating activities         (5,938,280) (4,051,780)   (6,429,905)   (1,548,947)
Investing activities                    
Cash assumed on RTO         1,661,645   1,661,645  
Purchase of cryptocurrencies         (5,125,100)        
Cash flows from investing activities:                    
Net cash used in investing activities         (5,125,100) 1,661,645   1,661,645  
Financing activities                    
Proceeds from issuance of mandatory convertible debentures                 50,000
Cash flows from financing activities:                    
Proceeds from convertible debentures         67,650   9,400,650   883,516
Proceeds from warrant exercise         86,237   86,237   176,113
Proceeds from PIPE financing         2,000,004 2,230,000   2,230,000  
ELOC at the market stock sales         1,655,952   2,879,930  
Repayment of convertible debentures         (347,952)        
Net cash provided by financing activities         3,308,004 2,383,887   14,596,817   1,109,629
Effect of exchange rate changes on cash         (128) 1,807   1,448   (29,547)
Net increase in cash, cash equivalents and restricted cash         (7,755,504) (4,441)   9,830,005   (468,865)
Cash, cash equivalents and restricted cash at beginning of year         9,851,111 21,106   21,106   489,971
Cash, cash equivalents and restricted cash at the end of year   2,095,607   16,665 2,095,607 16,665   9,851,111   21,106
Presented as:                    
Cash   815,707   16,665 815,707 16,665   3,446,111   21,106
Restricted cash   1,279,900   1,279,900   6,405,000  
Cash, Ending   $ 2,095,607   $ 16,665 2,095,607 16,665   9,851,111   21,106
Supplemental disclosure of cash flow information                    
Taxes paid            
Cash paid for interest         347,952    
Fair value of warrants exercised         389,729   389,729  
Fair value of securities issued for the RTO (Note 4)         3,147,118   3,147,117  
Fair value of securities issued for settlement of accounts payable         10,888,912   10,888,912  
Fair value of securities issued for services         585,155   585,155  
Fair value of securities issued for carbon credits         1,982,424   1,982,424  
Fair value of securities issued for the acquisition of interest in associate         1,220,000   1,220,000  
Fair value of securities issued for ELOC commitment         305,000   363,333  
Repayment of convertible debentures from ELOC drawdown proceeds         $ 551,986   $ 448,151