v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues, net $ 10,779,711 $ 2,494,769 $ 45,176,076 $ 10,242,151
Cost of sales 4,075,748 3,115,727 12,550,687 9,908,850
Gross profit 6,703,963 (620,958) 32,625,389 333,301
Sales and marketing expenses 639,023 139,683 1,743,907 447,608
General and administrative expenses 5,767,407 1,799,140 12,604,049 4,940,264
General and administrative expenses - related party 1,025,354 0 6,947,775 0
Loss on digital assets 49,753,227 0 811,671,684 0
Impairment of digital assets 15,221,955 0 133,359,324 0
Derivative loss, net 4,560,874 0 4,291,848 0
Goodwill impairment 0 0 0 225,000
Operating loss (70,263,877) (2,559,781) (937,993,198) (5,279,571)
Interest income (72,205) (6,964) (390,873) (35,506)
Interest income - related party 0 0 (549,282) 0
Interest expense - related party 516,937 12,099 576,353 35,901
Gain on change in fair value of marketable equity securities (17,336) 0 (17,336) 0
Gain on change in fair value of warrant liability 0 (160,223) 0 (160,223)
Other (income)/ expense, net 0 (340) 0 4,594
Loss from continuing operations before income taxes (70,691,273) (2,404,353) (937,612,060) (5,124,337)
(Benefit from) / provision for income taxes (1,732,100) 0 80,335 0
Loss from continuing operations (68,959,173) (2,404,353) (937,692,395) (5,124,337)
Income from discontinued operations, net of tax 0 1,554,331 0 2,114,639
Net loss (68,959,173) (850,022) (937,692,395) (3,009,698)
Deemed dividend on Series B Convertible Preferred Stock 0 (10,278) 0 (10,278)
Net loss attributable to common shareholders $ (68,959,173) $ (860,300) $ (937,692,395) $ (3,019,976)
Basic (loss)/earnings per share :        
Basic loss per share from continuing operations $ (0.80) $ (2.17) $ (10.02) $ (4.65)
Basic earnings per share from discontinued operations 0 1.40 0 1.92
Basic loss per share (0.80) (0.77) (10.02) (2.73)
Diluted (loss)/earnings per share:        
Diluted loss per share from continuing operations (0.80) (2.17) (10.02) (4.65)
Diluted earnings per share from discontinued operations 0 1.40 0 1.92
Diluted loss per share $ (0.80) $ (0.77) $ (10.02) $ (2.73)
Weighted average common shares outstanding:        
Basic 86,694,282 1,113,670 93,587,982 1,105,269
Diluted 86,694,282 1,113,670 93,587,982 1,105,269