v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 6 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Cash flows from operating activities:    
Net loss $ (25,271,341) $ (6,004,833)
Net loss from discontinued operations   (66,918)
Net loss from continuing operations (25,271,341) (5,937,915)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities from continuing operations:    
Depreciation and amortization 68,991 130,028
Loss on write-off of property and equipment   5,212
Unrealized gain on change in fair value of warrants classified as a liability (370) (312,430)
Loss from change in fair value of digital assets 3,818,904  
Loss from fair value measurement of investment in digital asset trust 6,032,808  
USDC earned for covered call options (21,573)  
Digital assets earned (3,010)  
Warrants issued to consultants 8,826,154  
Stock-based compensation 968,064 55,484
Bad debt expense   5,423
Change in operating assets and liabilities:    
Accounts receivable (65,865) (443,808)
Inventories (31,293) 89,236
Prepaid expenses, other current assets and deposits (1,044,207) 233,805
Accounts payable and accrued liabilities (863,500) (407,628)
Deferred revenue (8,513) 43,500
Net cash used in operating activities from continuing operations (7,594,751) (6,539,093)
Cash flows from investing activities:    
Purchase of digital assets (2,993,501)  
Purchase of property and equipment   (302,198)
Net cash used in investing activities from continuing operations (2,993,501) (302,198)
Cash flows from financing activities:    
Net proceeds from exercise of warrants 731,764 1,492,772
Capitalized offering costs (258,268)  
Net proceeds from common stock sold on ATM 30,749  
Net proceeds from issuance of common stock and pre-funded warrants 8,608,327 5,712,700
Net cash provided by financing activities from continuing operations 9,112,572 7,205,472
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Cash provided by operating activities 0 27,984
Net provided by discontinued operations 0 27,984
Net increase in cash, cash equivalents and restricted cash (1,475,680) 392,165
Cash, cash equivalents and restricted cash at beginning of period 2,424,771 7,181,095
Cash, cash equivalents and restricted cash at end of period 949,091 7,573,260
Less: cash and cash equivalents of discontinued operations   (91,944)
Cash, cash equivalents and restricted cash of continuing operations at end of period 949,091 7,481,316
Non-cash investing and financing activities:    
Deemed dividend warrant modifications 32,827 38,826,652
Deferred offering costs included in account payable 74,910  
Deferred offering costs reclassified to additional paid in capital 1,010,069  
Reclassification of digital assets to receivable 3,712,404  
Shares issued upon restricted stock vesting 200  
Purchase of BNB tokens with USDC (5,869,873)  
Property and equipment acquired and included in accounts payable   10,923
Warrants exercised, cashlessly 1,102 $ 5,141
ONBC Trust Units    
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities from continuing operations:    
Loss from fair value measurement of investment in digital asset trust 6,032,808  
Non-cash investing and financing activities:    
Proceeds received in private placement 11,434,720  
USDC    
Non-cash investing and financing activities:    
Proceeds received in private placement $ 5,869,873