v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Apr. 30, 2026
Mar. 31, 2026
Apr. 30, 2025
Mar. 31, 2025
Apr. 30, 2026
Apr. 30, 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    
Non-employee share-based payments   524,325              
Change in fair value of notes payable   142,858   45,000     (4,567,951)    
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)    
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  
Presented as:                    
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    
Supplemental disclosure of noncash investing and financing activities - 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) $ (6,197,316)   $ 3,522,625   $ (10,133,425) $ (5,091,435)   $ (12,067,231)   $ (9,871,748)
Adjustments to reconcile net loss to net cash flows from operating activities:                    
Depreciation   231   953   953   1,771
Stock-based compensation expense (benefit)         122,421 484,577   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         (5,195,203) (5,651,008)   (1,728,392)  
Change in fair value of stock option liabilities         (126,730) (294,441)   (196,625)  
Gain on settlement of accounts payable         (17,007) (899,015)   (899,015)  
Loss on investment in associate 9,221   298,804   109,398 405,654   512,011  
Loss on revaluation of cryptocurrencies 329,371     2,442,443        
Impairment of carbon credits 1,738   (18)   14,706 1,207,782   1,224,060  
Inducement expenses on loan conversion 3,599,981     3,599,981        
Loss on default penalty on convertible debt 1,159,038     1,159,038        
Retirement of carbon credits         50,000        
Stop-loss provision loss 9,202   76,535   58,542 1,101,248   1,065,235  
Non-cash general and administrative                 50,000
Staking income (15,687)     (55,932)        
Accrued interest         765,418 149,905   305,592   19,024
Accretion expense         664,262 226,853   346,424   52,554
Other income         (14,157)        
Changes in non-cash working capital items:                    
Trade receivable         133 (9,164)   (7,360)  
GST receivable         9,268 (37,350)   (54,988)  
Corporate taxes receivables               (171,573)   (39,121)
Other receivables         (171,573)        
Carbon credits         (43,643) (97,904)   (143,211)  
Prepaid expenses         (96,244) (60,857)   (140,755)   267,294
Accounts payable and accrued liabilities         (492,929) 4,761,674   5,731,504   5,807,752
Due to related party         (261,237)        
Changes in operating assets and liabilities:                    
Net cash used in operating activities         (7,439,397) (4,763,601)   (6,429,905)   (1,548,947)
Cash flows from investing activities:                    
Cash assumed on RTO         1,661,645   1,661,645  
Purchase of cryptocurrencies         (5,125,100)        
Sale of cryptocurrencies         100        
Advances to Southern Energy Renewables         (900,000)        
Net cash used in investing activities         (6,025,000) 1,661,645   1,661,645  
Cash flows from financing activities:                    
(Repayment of) Proceeds from convertible debentures         (1,611,402) 285,650        
Proceeds from convertible debentures               9,400,650   883,516
Proceeds from warrant exercise         86,237   86,237   176,113
Proceeds from issuance of mandatory convertible debentures                 50,000
Proceeds from PIPE financing         2,000,004 2,230,000   2,230,000  
ELOC at the market stock sales         1,655,952 481,530   2,879,930  
Proceeds from promissory note         700,000        
Proceeds from pre-funded warrants         250,000        
Proceeds from Series A preferred stock subscription         900,000        
Net cash provided by financing activities         3,894,554 3,083,417   14,596,817   1,109,629
Effect of exchange rate changes on cash         (146) 1,435   1,448   (29,547)
Net increase in cash, cash equivalents and restricted cash         (9,569,989) (17,104)   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 and restricted cash, Ending 281,122   4,002   281,122 4,002   9,851,111   21,106
Presented as:                    
Cash 201,132   4,002   201,132 4,002   3,446,111   21,106
Restricted cash $ 79,990     79,990   6,405,000  
Cash, cash equivalents and restricted cash at the end of year               9,851,111   21,106
Supplemental disclosure of cash flow information                    
Taxes paid            
Cash paid for interest         410,898    
Fair value of warrants exercised         389,729   389,729  
Fair value of securities issued for the RTO (Note 4)         3,147,117   3,147,117  
Fair value of securities issued for settlement of accounts payable         1,000,000 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         363,333   363,333  
Repayment of convertible debentures from ELOC drawdown proceeds         580,233   $ 448,151  
Repayment of promissory note payable from ELOC drawdown proceeds         84,745        
Convertible debentures and derivative liabilities converted into shares         7,588,105        
Fair value of securities issued for inducement expenses         3,349,981        
Convertible debenture issued for inducement expenses         $ 250,000