The amortized cost of the convertible note as of March 31, 2026 and September 30, 2025 consisted of the following: | | | | | | Amortized cost | | | | | Convertible note- issued in August 2025 | | $ | 2,200,000 | Less: derivative liability fair value | | | (263,727) | debt discount and debt issuance costs | | | (460,000) | Fair value adjustment for Pre-Delivery Shares related to the issuance of the convertible note | | | (33,542) | Convertible Note | | | 1,442,731 | Interest payable for the convertible note (including amortization of issuance cost) | | | 149,179 | Total convertible notes and interest payable of convertible note as of September 30, 2025 | | $ | 1,591,910 | Interest payable for the convertible note (including amortization of issuance cost) | | | 478,846 | Conversion of the convertible note | | | (180,000) | Penalty due to late filing of F-1 * | | | 92,352 | Total convertible notes and interest payable of convertible note as of March 31, 2026 | | $ | 1,983,108 |
*The Company was not able to have the F-1 filing effective within 90 days after issuance of the convertible note. It triggered a default event, which resulted a penalty of $92,352.
|