v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Sep. 30, 2024
Current assets:        
Cash and cash equivalents $ 4,633,636   $ 294,411  
Accounts receivable, net 7,420   60,002  
Prepaid expenses and other current assets 625,824   600,114  
Total current assets 5,266,880   954,527  
Property and equipment, net 968,710   620,497  
Right-of-use assets, net 482,323   678,426  
Other non-current assets 92,656   55,071  
Total assets 6,810,569   2,308,521  
Current liabilities:        
Accounts payable 549,473   537,445  
Accrued expenses 894,807   376,553  
Accrued interest payable 130,038    
Deferred revenue 271,727   125,852  
Notes payable, net 4,176,510   4,176,510  
Convertible debt, net 3,938,834    
Operating lease liability, current 487,367   576,940  
Warrant liability 1,340,028   614,680  
Derivative liability 2,044,103    
Total current liabilities 13,832,887   6,407,980  
Operating lease liability, non-current   103,504  
Total liabilities 13,832,887   6,511,484  
Commitments and contingencies    
Redeemable convertible preferred stock 66,878,708   115,711,805  
Stockholders’ deficit:        
Additional paid-in capital 63,913,973   10,732,275  
Accumulated deficit (137,815,705)   (130,647,675)  
Total Stockholders’ deficit (73,901,026)   (119,914,768) $ (95,439,114)
Total liabilities, redeemable convertible preferred stock, and stockholders’ deficit 6,810,569   2,308,521  
Previously Reported        
Current assets:        
Cash and cash equivalents     294,411 1,414,866
Accounts receivable, net     60,002 7,440
Prepaid expenses and other current assets     600,114 319,292
Total current assets     954,527 1,741,598
Property and equipment, net     620,497 787,543
Right-of-use assets, net     678,426 236,429
Other non-current assets     55,071 3,807
Total assets     2,308,521 2,769,377
Current liabilities:        
Accounts payable     537,445 201,348
Accrued expenses     376,553 372,263
Accrued interest payable     729,885
Deferred revenue     125,852
Notes payable, net     4,176,510
Convertible debt, net     5,531,810
Operating lease liability, current     576,940 253,986
Warrant liability     614,680 582,170
Derivative liability     5,714,957
Total current liabilities     6,407,980 13,386,419
Convertible debt, net - non-current     1,473,597
Operating lease liability, non-current     103,504
Accrued interest payable, non-current     27,858
Total liabilities     6,511,484 14,887,874
Commitments and contingencies    
Redeemable convertible preferred stock     115,711,805 83,320,617
Stockholders’ deficit:        
Common stock, par value     632 552
Additional paid-in capital     10,732,275 4,221,418
Accumulated deficit     (130,647,675) (99,661,084)
Total Stockholders’ deficit     (119,914,768) (95,439,114)
Total liabilities, redeemable convertible preferred stock, and stockholders’ deficit     2,308,521 $ 2,769,377
Common Stock Non-Voting        
Stockholders’ deficit:        
Common stock, par value 74    
Common Stock        
Stockholders’ deficit:        
Common stock, par value 632   $ 632  
Los Altos Ventures Corp.        
Current assets:        
Cash and cash equivalents 13,011 $ 4,077    
Total current assets 13,011 4,077    
Total assets 13,011 4,077    
Current liabilities:        
Total current liabilities 52,278 36,700    
Total liabilities 52,278 36,700    
Note payable - stockholder 45,000 30,000    
Accounts payable and accrued expenses 7,278 6,700    
Commitments and contingencies    
Stockholders’ deficit:        
Preferred stock, par value    
Common stock, par value 1,000 1,000    
Accumulated deficit (40,267) (33,623)    
Total Stockholders’ deficit (39,267) (32,623)    
Total liabilities, redeemable convertible preferred stock, and stockholders’ deficit $ 13,011 $ 4,077