v3.26.1
Revenue
 12 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
Note 3 — Revenue
U.S. GAAP does not recognize the income that the Company generates from its digital assets (Note 4), which comprise approximately 94.6% of its total assets, as revenue. However, the Company recognizes revenue from (a) Canadian retail vape sales from its Fat Panda operations at time of sale and (b) industrial climate control system sales in the United States over a period of time between system delivery and completion of its performance obligations, if any, in connection with the installation of delivered systems. The Company's contracts include the following groups of similar services, which do not include any significant financing components:
SuccessorPredecessor
Period from
June 7, 2025
through
April 30, 2026		Period from
May 1, 2025
through
June 6, 2025		Year Ended April 30, 2025
Fat Panda
Retail
$
23,574 
$
2,761 
$
25,365 
E-commerce
742 
166 
1,939 
Other
379 
1 
688 
Total Fat Panda
24,695 
2,928 
27,992 
Industrial Climate Control Systems(A)
Equipment and systems sales(B)
1,538 
— 
— 
Other
174 
— 
— 
Total industrial climate control systems
1,712 
— 
— 
Total revenue, net(C)
$
26,407 
$
2,928 
$
27,992 
A.Since Fat Panda is the accounting predecessor, the Company omits its revenues earned prior to the Acquisition Date.
B.At April 30, 2026, the Company had yet to deliver, or provide installation services for, equipment totaling $— million, which represents its remaining performance obligations under such contracts, and for which the Company has not recognized revenue; the the timing and realized amount of such potential revenue is uncertain and depends, in part, on the performance of third parties.
C.The Company presents revenues net of variable consideration, including sales taxes, commissions, and promotional discounts.