v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating Activities:    
Consolidated net loss $ (49,182) $ (1,368)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 1,387 98
Change in fair value of derivative instruments 34,172 (7,587)
Issuance costs related to warrants 189 690
Amortization of notes payable discount 120
Stock based compensation 3,724
Accounts receivable (422) 4,218
Inventory (96) (207)
Prepaid expenses and other current assets (396) (16)
Right-of-use asset (225) (191)
Accounts payable 247 (976)
Deferred revenue 248
Tax payable 50 (456)
Accrued expenses and other payable 1,280 (82)
Deferred income taxes (108) 626
Change in operating lease liabilities 221 190
Net cash used in operating activities (8,911) (4,941)
Cash flows from investing activities:    
Purchase of PPE (5,144) (844)
Purchase of intangible assets (590) (5,471)
Purchase of short-term investments (50,028) (15,940)
Purchase of long-term investments 102 (730)
Notes receivable (523)
Cash used for lending to related parties 134
Net cash used in investing activities (56,183) (22,851)
Cash flows from financing activities:    
Payment of loans received from third parties (53) (3,792)
Contributions from Non-controlling Interests 65
Payment of issuance cost of ordinary shares (2,643)  
Proceeds from warrants exercise 18,909
Loans received from third parties 16 3,102
Loan settlement 3,385
Payment of related party debt (238)
Proceeds from issuance of ordinary shares 219,808 30,182
Proceeds from stockholder capital injection 9,286
Net Cash provided by financing activities 236,102 41,925
Net change in cash and cash equivalents 171,008 14,133
Cash, cash equivalents and restricted cash at beginning of the period 14,566 433
Cash, cash equivalents and restricted cash at end of the period 185,574 14,566
Supplemental noncash disclosures:    
Intangible assets acquired in exchange for common shares $ 3,702 $ 2,217