v3.26.1
Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Current assets          
Cash (Note 4) $ 4,634   $ 428,700   $ 822,799
Cash – restricted   787,365  
Prepaid expenses (Note 7) 89,157   27,833   36,216
Short-term prepaid insurance 57,501     339,500
Prepaid income taxes 137,139      
Total current assets 288,431   1,243,898   1,198,515
Non-current assets          
Cash and investments held in Trust Account 8,188,994   15,890,194   118,601,873
Total assets 8,477,425   17,134,092   119,800,388
Current liabilities          
Accounts payable and accrued liabilities (Note 10) 686,694   73,757   86,718
Income taxes payable   694,245   635,512
Excise taxes payable 1,140,176   1,061,310  
Due to Sponsor 12,788   2,788  
Total current liabilities 1,839,658   1,832,100   722,230
Total liabilities 1,839,658   1,832,100   722,230
Commitment and contingency (Note 15)      
Common stock subject to possible redemption, 759,139 and 1,490,880 shares at redemption value of $10.97 and 10.72 per share as of March 31, 2026 and September 30, 2025, respectively 8,326,133 $ 16,104,413 15,983,315   117,966,361
Shareholders’ equity (Note 12)          
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and September 30, 2025    
Common shares $0 par value; unlimited authorized (March 31, 2026: 26,939,850 shares issued and outstanding; March 31, 2025: 22,271,250) 425   425   425
Additional paid-in capital    
Accumulated deficit (1,688,791)   (681,748)   1,111,372
Total shareholders’ equity (1,688,366) (861,323) (681,323) $ 935,356 1,111,797
Total liabilities and shareholders’ equity 8,477,425   $ 17,134,092   $ 119,800,388
GNQ INSILICO INC [Member]          
Current assets          
Cash (Note 4) 405,632   1,222  
Accounts receivable (Note 5) 250,000      
Prepaid expenses (Note 7) 10,875      
Due from related parties (Note 20) 1,686,335      
Other receivables (Note 6) 1,322 29,798    
Total current assets 2,354,164 29,798   1,222  
Non-current assets          
Prepaid expenses, non-current (Note 7) 20,000      
Property, plant and equipment (Note 8) 3,323 3,747    
Intangible under development (Note 9) 2,548,509 2,254,599   620,636  
Due from related parties (Note 20) 3,314,235   1,793,058  
Investment in a related party (Note 20) 398,524 371,151   764,769  
Total non-current assets 2,970,356 5,943,732   3,178,463  
Total assets 5,324,520 5,973,530   3,179,685  
Current liabilities          
Accounts payable and accrued liabilities (Note 10) 1,871,151 1,259,116   243,898  
Bank overdraft (Note 4) 761    
Payable to related parties (Note 20) 23,131 98,001   49,963  
Due to a related party (Note 9)     1,149,344  
Convertible note payable (Note 11) 170,577      
Short-term loan from a related party (Note 20) 20,000 20,000    
Total current liabilities 2,084,859 1,377,878      
Warrant liability (Note 11) 95,487      
Total liabilities 2,180,346 1,377,878   1,443,205  
Commitment and contingency (Note 15)      
Shareholders’ equity (Note 12)          
Common shares $0 par value; unlimited authorized (March 31, 2026: 26,939,850 shares issued and outstanding; March 31, 2025: 22,271,250) [1] [1],[2]   [2]  
Additional paid-in capital 13,599,823 13,599,823   8,359,353  
Share subscription receivable (71,740) (72,961)   (69,498)  
Shares to be issued (net of issuance costs) 19,925      
Shareholders equity excluding warrants, options and accumulated deficit 13,548,008 13,526,862   8,289,855  
Warrants 176,340 176,340   176,340  
Share options granted 255,349 196,515    
Accumulated deficit (10,835,523) (9,304,065)   (6,729,715)  
Total shareholders’ equity 3,144,174 4,595,652 [3],[4]   1,736,480 [3]  
Total liabilities and shareholders’ equity $ 5,324,520 $ 5,973,530   $ 3,179,685  
[1] Reflects retrospectively the 10-for-1 forward stock split that became effective on February 05, 2026.
[2] Reflects retrospectively the 10-for-1 forward stock split that became effective on February 05, 2026
[3] Reflects retrospectively the 10-for-1 forward stock split that became effective on February 05, 2026
[4] Reflects retrospectively the 10-for-1 forward stock split that became effective on February 05, 2026