v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
Series A-1 Convertible Preferred Stock [Member]
Series B Convertible Preferred Stock [Member]
Common Stock [Member]
Treasury Stock, Common [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Beginning balance, value at Sep. 30, 2024 $ 2,200,000 $ 0 $ 11,011 $ 0 $ 20,393,163 $ (19,637,140) $ 2,967,034
Beginning balance, shares at Sep. 30, 2024 2,200 0 1,101,069        
Beginning balance, shares at Sep. 30, 2024       0      
Share-based compensation 20,328 20,328
Net loss (708,065) (708,065)
Ending balance, value at Dec. 31, 2024 $ 2,200,000 $ 0 $ 11,011 $ 0 20,413,491 (20,345,205) 2,279,297
Ending balance, shares at Dec. 31, 2024 2,200 0 1,101,069        
Ending balance, shares at Dec. 31, 2024       0      
Beginning balance, value at Sep. 30, 2024 $ 2,200,000 $ 0 $ 11,011 $ 0 20,393,163 (19,637,140) 2,967,034
Beginning balance, shares at Sep. 30, 2024 2,200 0 1,101,069        
Beginning balance, shares at Sep. 30, 2024       0      
Net loss             (3,009,698)
Ending balance, value at Jun. 30, 2025 $ 4,925,000 $ 10,000 $ 11,260 $ 0 21,051,543 (22,646,838) 3,350,965
Ending balance, shares at Jun. 30, 2025 4,925 1,000,000 1,125,998        
Ending balance, shares at Jun. 30, 2025       0      
Beginning balance, value at Dec. 31, 2024 $ 2,200,000 $ 0 $ 11,011 $ 0 20,413,491 (20,345,205) 2,279,297
Beginning balance, shares at Dec. 31, 2024 2,200 0 1,101,069        
Beginning balance, shares at Dec. 31, 2024       0      
Share-based compensation 26,121 26,121
Net loss (1,451,611) (1,451,611)
Preferred stock issued in connection with conversion of accounts payable to Forward China $ 2,725,000 2,725,000
Preferred stock issued in connection with conversion of accounts payable to Forward China, shares 2,725            
Ending balance, value at Mar. 31, 2025 $ 4,925,000 $ 0 $ 11,011 $ 0 20,439,612 (21,796,816) 3,578,807
Ending balance, shares at Mar. 31, 2025 4,925 0 1,101,069        
Ending balance, shares at Mar. 31, 2025       0      
Share-based compensation 39,345 39,345
Net loss (850,022) (850,022)
Issuance of preferred stock, net of issuance costs $ 10,000 397,835 407,835
Issuance of preferred stock, net of issuance costs, shares   1,000,000          
Common stock issued in connection with ELOC $ 249 174,751 175,000
Common stock issued in connection with ELOC, shares     24,929        
Ending balance, value at Jun. 30, 2025 $ 4,925,000 $ 10,000 $ 11,260 $ 0 21,051,543 (22,646,838) 3,350,965
Ending balance, shares at Jun. 30, 2025 4,925 1,000,000 1,125,998        
Ending balance, shares at Jun. 30, 2025       0      
Beginning balance, value at Sep. 30, 2025 $ 0 $ 0 $ 861,455 $ 0 1,655,874,892 (186,611,480) $ 1,470,124,867
Beginning balance, shares at Sep. 30, 2025 0 0 86,145,514        
Beginning balance, shares at Sep. 30, 2025       0     0
Share-based compensation 17,159 $ 17,159
Proceeds from ATM, net $ 3,120 7,454,066 7,457,186
Proceeds from ATM, net, shares     311,951        
Proceeds from stock options exercised $ 70 26,040 26,110
Proceeds from stock options exercised, shares     7,000        
Share repurchases $ (10,882,955) (10,882,955)
Share repurchases, shares       (1,540,193)      
Fees related to Securities Purchase Agreement (229,699) (229,699)
Net loss (585,651,086) (585,651,086)
Ending balance, value at Dec. 31, 2025 $ 0 $ 0 $ 864,645 $ (10,882,955) 1,663,142,458 (772,262,566) 880,861,582
Ending balance, shares at Dec. 31, 2025 0 0 86,464,465        
Ending balance, shares at Dec. 31, 2025       (1,540,193)      
Beginning balance, value at Sep. 30, 2025 $ 0 $ 0 $ 861,455 $ 0 1,655,874,892 (186,611,480) $ 1,470,124,867
Beginning balance, shares at Sep. 30, 2025 0 0 86,145,514        
Beginning balance, shares at Sep. 30, 2025       0     0
Net loss             $ (937,692,395)
Ending balance, value at Jun. 30, 2026 $ 0 $ 0 $ 871,631 $ (69,862,786) 1,667,506,242 (1,124,303,875) $ 474,211,212
Ending balance, shares at Jun. 30, 2026 0 0 87,163,107        
Ending balance, shares at Jun. 30, 2026       (13,316,224)     13,316,224
Beginning balance, value at Dec. 31, 2025 $ 0 $ 0 $ 864,645 $ (10,882,955) 1,663,142,458 (772,262,566) $ 880,861,582
Beginning balance, shares at Dec. 31, 2025 0 0 86,464,465        
Beginning balance, shares at Dec. 31, 2025       (1,540,193)      
Share-based compensation 797,864 797,864
Proceeds from stock options exercised $ 50 18,600 18,650
Proceeds from stock options exercised, shares     5,000        
Share repurchases $ (47,139,381) (47,139,381)
Share repurchases, shares       (9,214,655)      
Exercise of Pre-Funded Warrants $ 6,000 (5,994) 6
Exercise of Pre-Funded Warrants, shares     600,000        
Net loss (283,082,136) (283,082,136)
Ending balance, value at Mar. 31, 2026 $ 0 $ 0 $ 870,695 $ (58,022,336) 1,663,952,928 (1,055,344,702) 551,456,585
Ending balance, shares at Mar. 31, 2026 0 0 87,069,465        
Ending balance, shares at Mar. 31, 2026       (10,754,848)      
Share-based compensation 3,129,693 3,129,693
Proceeds from ATM, net $ 936 423,621 424,557
Proceeds from ATM, net, shares     93,642        
Share repurchases $ (11,840,450) (11,840,450)
Share repurchases, shares       (2,561,376)      
Net loss (68,959,173) (68,959,173)
Ending balance, value at Jun. 30, 2026 $ 0 $ 0 $ 871,631 $ (69,862,786) $ 1,667,506,242 $ (1,124,303,875) $ 474,211,212
Ending balance, shares at Jun. 30, 2026 0 0 87,163,107        
Ending balance, shares at Jun. 30, 2026       (13,316,224)     13,316,224