| Schedule of segment performance |
| Schedule of segment performance | |
| | | |
| | | |
| | | |
| | |
| | |
Digital Assets Segment |
| | |
For the Three Months Ended June 30, | |
For the Nine Months Ended June 30, |
| | |
2026 | |
2025 | |
2026 | |
2025 |
| Revenues | |
$ | 7,345,000 | | |
$ | – | | |
$ | 34,060,000 | | |
$ | – | |
| Cost of revenues | |
| 1,368,000 | | |
| – | | |
| 3,584,000 | | |
| – | |
| Gross profit | |
| 5,977,000 | | |
| – | | |
| 30,476,000 | | |
| – | |
| Asset management fees (a) | |
| 820,000 | | |
| – | | |
| 3,666,000 | | |
| – | |
| Impairment of digital assets | |
| 15,222,000 | | |
| – | | |
| 133,359,000 | | |
| – | |
| Loss on digital assets | |
| 49,753,000 | | |
| – | | |
| 811,672,000 | | |
| – | |
| Derivative loss, net | |
| 4,561,000 | | |
| – | | |
| 4,292,000 | | |
| – | |
| Interest income | |
| (37,000 | ) | |
| – | | |
| (631,000 | ) | |
| – | |
| Loss from continuing operations before income taxes | |
$ | (64,342,000 | ) | |
$ | – | | |
$ | (921,882,000 | ) | |
$ | – | |
| | |
| | | |
| | | |
| | | |
| | |
| |
Design Segment |
| |
For the Three Months Ended June
30, | |
For the Nine Months Ended June 30, |
| | |
2026 | |
2025 | |
2026 | |
2025 |
| Revenues | |
$ | 3,435,000 | | |
$ | 2,495,000 | | |
$ | 11,116,000 | | |
$ | 10,242,000 | |
| Cost of revenues | |
| 2,687,000 | | |
| 3,086,000 | | |
| 8,928,000 | | |
| 9,820,000 | |
| Depreciation expense (a) | |
| 21,000 | | |
| 30,000 | | |
| 39,000 | | |
| 89,000 | |
| Gross profit | |
| 727,000 | | |
| (621,000 | ) | |
| 2,149,000 | | |
| 333,000 | |
| Sales and marketing personnel costs | |
| 70,000 | | |
| 108,000 | | |
| 154,000 | | |
| 321,000 | |
| Sales promotion and marketing expenses | |
| 157,000 | | |
| 32,000 | | |
| 339,000 | | |
| 127,000 | |
| General and administrative personnel costs | |
| 327,000 | | |
| 450,000 | | |
| 954,000 | | |
| 1,591,000 | |
| Occupancy costs | |
| 104,000 | | |
| 167,000 | | |
| 439,000 | | |
| 502,000 | |
| Amortization expense (a) | |
| – | | |
| 53,000 | | |
| – | | |
| 160,000 | |
| Impairment of goodwill and intangible assets | |
| – | | |
| – | | |
| – | | |
| 225,000 | |
| Interest income | |
| (5,000 | ) | |
| (7,000 | ) | |
| (8,000 | ) | |
| (35,000 | ) |
| Other segment expenses (b) | |
| 116,000 | | |
| 128,000 | | |
| 386,000 | | |
| 469,000 | |
| Loss from continuing operations before income taxes | |
$ | (42,000 | ) | |
$ | (1,552,000 | ) | |
$ | (115,000 | ) | |
$ | (3,027,000 | ) |
| (a) |
Depreciation expense, amortization expense and asset management fees are not regularly provided to the CODM, however they are components
of loss from continuing operations before income taxes and identified as a "specific profit or loss" item and therefore disclosed
separately in accordance with the related accounting guidance. |
| (b) |
Other segment expenses include insurance expense, office, software and computer related expenses, bad debt expense, bank and payroll
processing fees, and various other general and administrative expenses. |
|
| Schedule of segment assets |
| Schedule of segment assets | |
| | | |
| | |
| | |
June 30 | |
September 30, |
| | |
2026 | |
2025 |
| Digital assets segment | |
$ | 581,644,000 | | |
$ | 1,430,486,000 | |
| Design segment | |
| 1,917,000 | | |
| 3,380,000 | |
| Total segment assets | |
| 583,561,000 | | |
| 1,433,866,000 | |
| General corporate assets | |
| 18,974,000 | | |
| 41,076,000 | |
| Total assets | |
$ | 602,535,000 | | |
$ | 1,474,942,000 | |
|