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(“Forward”, “we”, “our” or the “Company”) is a Solana (“SOL”) focused digital asset treasury company, with the strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. Our mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to and investing in the Solana protocol, Solana developers and Solana related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, we launched our digital asset treasury strategy, which we have been executing to date by holding SOL, staking SOL, operating a SOL validator, investing in SOL ecosystem participants, engaging in SOL decentralized finance (“DeFi”) and actively repurchasing shares of our common stock. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">Under our new treasury policy and strategy, the principal holding in our treasury reserve on the balance sheet will be allocated to digital assets, primarily SOL, fwdSOL (a Liquid Staking Token, or “LST”, developed by the Company in collaboration with Socean Labs Inc., doing business as Sanctum, on the Solana blockchain) and similar assets. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">Our planned approach involves acquiring SOL, staking our holdings via our own validator, deploying SOL into various DeFi protocols to earn yield, fees or rewards, lending SOL to earn interest, pledging SOL as collateral to borrow other assets and generating revenue through strategic acquisitions, partnerships and deployments within the Solana ecosystem. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">Forward also operates an engineering services business, which provides hardware and software product design and engineering services to customers predominantly located in the U.S.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal"> </span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Discontinued Operations</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">In March 2025, the Company committed to a plan to sell the original equipment manufacturer (“OEM”) distribution segment of the business (“OEM Plan”). In May 2025, the Company completed the sale of this line of business and is presenting its results of operations within discontinued operations in the prior period presented herein. The OEM distribution segment sourced and sold carrying cases and other accessories for medical monitoring and diagnostic kits as well as a variety of other portable electronic and non-electronic devices to OEMs or their contract manufacturers worldwide, that either packaged our products as accessories “in box” together with their branded product offerings or sold them through their retail distribution channels. The Company did not manufacture any of its OEM products and sourced substantially all of these products from independent suppliers in China, through Forward Industries Asia-Pacific Corporation, a British Virgin Islands corporation (“Forward China”), a former related party owned by the Company’s former CEO (see Note 9). </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">Unless otherwise noted, amounts related to these discontinued operations are excluded from the disclosures presented herein. See Note 3 for more information on these discontinued operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal"> </span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">Liquidity</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the ordinary course of business. The Company had an accumulated deficit of $<span id="xdx_904_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_dixL_c20260630_zcgBM0lW0pRg" title="Accumulated deficit::XDX::1124303875"><span style="-sec-ix-hidden: xdx2ixbrl0888">1,124,304,000</span></span> and negative working capital of $<span id="xdx_909_ecustom--WorkingCapital_iI_c20260630_zY09ADlh0Gg4" title="Working Capital">105,655,000</span> at June 30, 2026, incurred a net loss of $<span id="xdx_90E_eus-gaap--NetIncomeLoss_iN_dixL_c20251001__20260630_zCkem2IBLCB8" title="Net loss::XDX::937692395"><span style="-sec-ix-hidden: xdx2ixbrl0892">937,692,000</span></span> and used $<span id="xdx_907_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_dixL_c20251001__20260630_zXQD6RX4PgOj" title="Net cash used in operating activities::XDX::16078546"><span style="-sec-ix-hidden: xdx2ixbrl0894">16,079,000</span></span> of cash in operating activities during the nine months ended June 30, 2026. The Company had a cash balance of approximately $<span id="xdx_908_eus-gaap--Cash_iI_c20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zPoqBalT6h9g" title="Cash balance">4,500,000</span> at August 3, 2026. </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-weight: normal"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-weight: normal">Based on our forecasted cash flows, we believe our existing cash balance, digital asset holdings, and access to our ATM facility will be sufficient to meet our liquidity needs through at least August 2027.</span></p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> 105655000 4500000 <p id="xdx_800_eus-gaap--SignificantAccountingPoliciesTextBlock_zJeiCFNK84Z3" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">NOTE 2             <span id="xdx_828_zyBBQXqdYoWj">ACCOUNTING POLICIES</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p id="xdx_842_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zWOrVV8EGaxf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_86B_zDCZj5FXn4Vd">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The accompanying condensed consolidated financial statements include the accounts of Forward Industries, Inc. and all of its wholly-owned subsidiaries: Forward Industries (IN), Inc. (“Forward US”), DE Sub 1 LLC (“Forward Delaware”), Forward Investments 1, LLC (“Forward Investments”), Forward Industries (Switzerland) GmbH (“Forward Switzerland”), Forward Industries UK Limited (“Forward UK”), Intelligent Product Solutions, Inc. (“IPS”) and Kablooe, Inc. (“Kablooe”). In May 2025, the Company sold all of its equity interests in Forward Switzerland and Forward UK.  As a result, our operating results for the three and nine months ended June 30, 2026 do not include operating results of either of these entities. The terms “Forward”, “we”, “our” or the “Company” as used throughout this document are used to indicate Forward Industries, Inc. and all of its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In March 2026, the Company’s shareholders approved a proposal to change the Company’s state of incorporation from New York to Texas. This reincorporation was carried out by means of merger of Forward with and into a wholly-owned Texas subsidiary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In April 2026, the Company invested approximately $<span id="xdx_907_eus-gaap--PaymentsToAcquireOtherInvestments_pn5n6_c20260401__20260430__dei--LegalEntityAxis__custom--OnReLtdMember_zAyluovAshcg" title="Payments to acquire investments">1.9</span> million, through a combination of primary and secondary share purchases, in On Re Ltd (“On Re”), a private tokenized reinsurance company on the Solana blockchain. An additional $<span id="xdx_90B_ecustom--InvestmentCommitmentAmount_iI_pp0p0_c20260430__dei--LegalEntityAxis__custom--OnReLtdMember_zSIsLcZiKv8l" title="Additional investment amount">266,000</span> primary subscription remains subject to regulatory approval from the Bermuda Monetary Authority. The Company’s investment in On Re is accounted for under the cost method (see Note 4).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In the opinion of management, the accompanying condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q reflect all normal recurring adjustments necessary to present fairly the financial position and results of operations and cash flows for the interim periods presented herein but are not necessarily indicative of the results of operations for the year ending September 30, 2026. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and with the disclosures and risk factors presented therein. The September 30, 2025 condensed consolidated balance sheet has been derived from the audited consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p id="xdx_840_eus-gaap--UseOfEstimates_zGE16Lrrf4J6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zQUqqJqTmzSh">Accounting Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of the Company’s condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions. Within this report, certain dollar amounts and percentages have been rounded to their approximate values.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p id="xdx_847_eus-gaap--SegmentReportingPolicyPolicyTextBlock_zXOUcQ1muKq2" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_866_zqsoKLzYkdEb">Segment Reporting</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As a result of the Company’s digital asset treasury strategy and the OEM Plan, the Company now has <span id="xdx_90E_eus-gaap--NumberOfReportableSegments_dxL_uInteger_c20251001__20260630_zyP9mxZCBswj" title="Number of reportable segments::XDX::2"><span style="-sec-ix-hidden: xdx2ixbrl0914">two</span></span> reportable segments: digital assets and design. The digital assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol, which currently comprises rewards received from native staking. The design segment consists of <span id="xdx_903_eus-gaap--NumberOfOperatingSegments_dxL_uInteger_c20251001__20260630_zTihPdtLOuwb" title="Number of operating segments::XDX::2"><span style="-sec-ix-hidden: xdx2ixbrl0916">two</span></span> operating segments (IPS and Kablooe, which have been aggregated into one reportable segment) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the U.S. See Note 6 for additional information on our segments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_842_ecustom--DigitalAssetPolicyTextBlock_zQaaE3gBdnGe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86F_zMHQL38Z4QE6">Digital Assets</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for its holdings of digital assets, including cryptocurrencies such as Solana, as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350-60, “Intangibles – Goodwill and Other – Crypto Assets (“ASC 350-60”). Digital assets under ASC 350-60 are initially measured at cost and subsequently measured at fair value, with changes in fair value recognized in net income/(loss) each reporting period. Digital assets are classified as current assets if the Company intends to sell them or otherwise realize their value within twelve months after the reporting date, or as noncurrent assets if the Company intends to hold them for longer than twelve months. The Company evaluates its intent and ability to hold digital assets at each reporting date. Upon disposal of a digital asset (e.g., by sale, exchange or transfer) the Company derecognizes the asset and recognizes a realized gain or loss in net income/(loss), calculated as the difference between the sale proceeds and the asset’s carrying amount, which is determined using a first in-first out method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Digital assets that are not in scope of ASC 350-60, primarily wrapped tokens that provide the holder with an enforceable right to redeem the underlying digital assets, such as fwdSOL, are accounted for as indefinite-lived intangible assets subject to impairment testing, or as financial assets if they are redeemable for cash. These digital assets are accounted for as intangible assets and measured at the lower of cost or market value. The Company determines market value using the lowest observed transaction price of the asset during the holding period. The Company elected to apply the fair value option to digital assets that meet the definition of financial assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company has developed fwdSOL, a Liquid Staking Token (“LST”) in collaboration with Socean Labs Inc. on the Solana blockchain.  fwdSOL allows Forward and other SOL holders to stake native SOL and continue earning staking rewards while receiving and using fwdSOL elsewhere in the Solana ecosystem. fwdSOL is backed by SOL staked on Forward Industries’ institutional grade validator infrastructure which automatically accrues staking rewards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p id="xdx_848_ecustom--DigitalAssetLoanReceivableAndPayablePolicyTextBlock_zNOrKhfYlFIa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_zfCI352MpMP8">Digital Asset Loan Receivable and Payable</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company engages in digital asset lending and borrowing activities. Digital asset loans receivable are typically fixed short-term loans or loans with no specified maturity dates that are callable or prepayable with a short notice period and no penalties. The borrower has the ability to use the loaned digital assets at its discretion for the duration of the loan. The Company derecognizes the underlying digital assets upon loan origination and recognizes a digital asset loan receivable that represents the Company’s right to receive the loaned digital asset upon settlement of the loan. The digital asset loan receivable is measured at the fair value of the underlying digital assets that the Company expects to receive under the arrangement. The Company evaluates its digital asset loan receivables for possible credit losses using the current expected credit loss framework outlined in ASC Topic 326, “Financial Instruments—Credit Losses”, (“ASC 326”). Digital asset loan interest is denominated in the same underlying digital asset that is loaned out. The Company recognizes interest income over the life of the loan using the effective rate method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company also borrows digital assets from counterparties. As borrower, the Company has the ability to use the borrowed digital assets at its discretion. The Company pays interest on borrowed digital assets that is denominated in the borrowed digital assets and recognizes interest expense over the term of the loan. The borrowed digital assets are recognized as digital assets in accordance with the Company’s accounting policies for digital assets. The obligation to repay digital assets in the future is recorded as a Loan Payable - Digital Assets and is remeasured at fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company may pledge or receive digital assets as collateral associated with its digital asset lending and borrowing activities. The Company evaluates the nature of the arrangement with counterparties to determine whether it obtains or loses control of the collateral assets. Where control of the collateral assets transfers to or from the Company, it is accounted for in the same manner as digital asset loans receivable or payable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--ReceivablesPolicyTextBlock_zTfjOirMbpib" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_zRnOrunYsVK1">Accounts Receivable</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Accounts receivable consists of unsecured trade accounts with customers net of an allowance for credit losses. Collectability of accounts receivable is estimated by evaluating the number of days accounts are outstanding, customer payment history, recent payment trends and perceived creditworthiness, adjusted as necessary based on specific customer situations. At June 30, 2026, September 30, 2025 and September 30, 2024, the Company had allowances for credit losses of $<span id="xdx_906_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20260630_zd02JHytEds4" title="Allowances for doubtful accounts">98,000</span>, $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20250930_zqeDSkHw89Yd" title="Allowances for doubtful accounts">92,000</span> and $<span id="xdx_900_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20240930_zLkbd2Dv7vv1" title="Allowances for doubtful accounts">27,000</span> respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_84A_eus-gaap--DerivativesPolicyTextBlock_zpNMgjanRya4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_861_zi7mavheMhma">Derivatives</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company enters into over-the-counter (“OTC”) derivative contracts, including options referencing the price of digital assets such as SOL primarily for the purpose of trading, risk management and treasury management of its digital assets. These contracts are accounted for in accordance with ASC 815, “Derivatives and Hedging.” Derivative instruments are recognized on the balance sheet at fair value on the trade date and are subsequently remeasured at fair value at each reporting date, with changes in fair value recognized in earnings within “Derivative gain/(loss).” The Company does not designate any derivative instruments as hedging instruments under ASC 815. The Company does not offset cash collateral paid or received against derivative assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Written options represent obligations of the Company and are recorded as derivative liabilities and purchased options represent rights of the Company and are recorded as derivative assets. The Company receives or pays an upfront premium at inception, which generally represents the initial fair value of the option unless model-derived fair value indicates otherwise. Derivative instruments are derecognized upon expiration or settlement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_841_eus-gaap--EquityMethodInvestmentsPolicy_zbPLEMi08862" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_867_zfL3L2SUELu">Investments</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Cost / Equity Method Investments</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for investments in entities over which it has the ability to exercise significant influence, but not control, using the equity method of accounting in accordance with ASC Topic 323, “Investments—Equity Method and Joint Ventures.” Significant influence is generally presumed to exist when the Company holds 20% or more of the voting interest of an investee, although the determination requires judgment and consideration of all relevant facts and circumstances, including representation on the investee’s board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel, and technological dependency. If the Company does not exercise significant influence, it will generally account for investments using the cost method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Under the equity method, the investment is initially recorded at cost and subsequently adjusted to recognize the Company’s proportionate share of the investee’s net income or loss. The Company’s proportionate share of the investee’s earnings or losses is recognized in the condensed consolidated statements of operations on a three-month lag.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is recognized when the decline in fair value below the carrying amount is determined to be other than temporary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Investments in Marketable Equity Securities</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In June 2026, the Company purchased certain marketable equity securities. The Company carries its investments in marketable equity securities at fair value, which is based on quoted prices for the securities, which is categorized within Level 1 of the fair value hierarchy. Marketable securities are categorized as current assets if the Company intends to sell them or otherwise realize their value within twelve months after the reporting date, or as noncurrent assets if the Company intends to hold them for longer than twelve months. The Company evaluates its intent and ability to hold marketable equity securities at each reporting date. Changes in market value are recorded through earnings each reporting period. At June 30, 2026, the Company held the following marketable equity securities: </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--MarketableSecuritiesTextBlock_zvBavYjqaUOb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Marketable equity securities)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> <span id="xdx_8B7_zQeA2NPnqnf" style="display: none">Schedule of marketable equity securities</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 46%; text-align: left">Strategy Series A Perpetual Preferred Stock (“STRF”)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentOwnedBalanceShares_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zGgxDQs423Nc" style="width: 13%; text-align: right" title="Marketable equity securities, shares">25,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--EquitySecuritiesFvNi_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zbDwZdEybCMf" style="width: 13%; text-align: right" title="Marketable equity securities, fair value">2,317,500</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zxLmyjENXKg9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table summarizes the Company’s marketable equity securities and adjustments to fair value at June 30, 2026: </p> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--MarketableSecuritiesAdjustmentToFairValueTableTextBlock_zTSL0Q6hM7Ig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Adjustments to fair value)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> <span id="xdx_8B8_zy4uPCjOWms1" style="display: none">Schedule of adjustments to fair value</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 53%; text-align: left">Marketable equity securities at cost</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--MarketableSecurities_iI_c20260630_zGMGPpIDtswa" style="width: 13%; text-align: right" title="Marketable equity securities at cost">2,300,164</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Cumulative unrealized gain on marketable equity securities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_c20251001__20260630_zHJGPuxEbs8g" style="border-bottom: Black 1pt solid; text-align: right" title="Cumulative unrealized gain on marketable equity securities">17,336</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Marketable equity securities at fair value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--EquitySecuritiesFvNi_iI_c20260630_zrl6HSiQ87G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Marketable equity securities at fair value">2,317,500</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-size: 10pt"></span></p> <p id="xdx_8AE_zisNZXg32SCj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There were <span id="xdx_901_eus-gaap--ProceedsFromSaleAndMaturityOfMarketableSecurities_do_c20260401__20260630_z2ryoQZWyzv4" title="Sale on marketable securities"><span id="xdx_906_eus-gaap--ProceedsFromSaleAndMaturityOfMarketableSecurities_do_c20251001__20260630_zz7qOzRRZxSk" title="Sale on marketable securities">no</span></span> sales of marketable equity securities during the three or nine months ended June 30, 2026.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p id="xdx_84A_eus-gaap--TreasuryStockTextBlock_zAsX6AwN2247" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_861_zme26CUFEYi4">Treasury Stock</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for treasury stock using the cost method. As of June 30, 2026 and September 30, 2025, the Company held <span id="xdx_903_eus-gaap--TreasuryStockCommonShares_iI_dxL_c20260630_ztjebc4GrTBc" title="Treasury stock, shares::XDX::13316224"><span style="-sec-ix-hidden: xdx2ixbrl0966">13,316,000</span></span> and <span id="xdx_900_eus-gaap--TreasuryStockCommonShares_iI_c20250930_zqH86mowmx65" title="Treasury stock, shares">0</span> shares of its common stock in treasury, purchased at a total cost of $<span id="xdx_906_eus-gaap--TreasuryStockCommonValue_iI_pp0p0_dxL_c20260630_zbmhu63dyAL4" title="Treasury stock, value::XDX::69862786"><span style="-sec-ix-hidden: xdx2ixbrl0970">69,863,000</span></span> and $<span id="xdx_901_eus-gaap--TreasuryStockCommonValue_iI_pp0p0_c20250930_zIhX1SEz9yle" title="Treasury stock, value">0</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_844_eus-gaap--RevenueRecognitionPolicyTextBlock_z3gAtlmIAPGc" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zZGnl7USzcUh">Revenue Recognition</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Digital Asset Staking</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company participates in proof-of-stake validation. Proof-of-stake validation, also referred to as staking, requires the Company to delegate its digital assets to a validator. Staking can be performed on proprietary validation infrastructure or through the use of third-party infrastructure or service providers. The Company concluded that where it controls the validation infrastructure, it is a principal in the provision of staking services to the blockchain and recognizes staking revenue on a gross basis. Blockchain rewards distributed to third parties staking on the Company’s validation infrastructure are included in cost of sales.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company recognizes noncash consideration from staking activities related to its digital asset holdings in accordance with ASC 606, “Revenue from Contracts with Customers”. Staking income is generated when the Company participates in digital asset networks to validate transactions and, in return, earns rewards in the form of additional digital assets. The Company considers its performance obligation to be satisfied at the point in time when it has successfully provided validation services to the network and the reward is determinable and collectible. Revenue is measured as the fair value of digital assets received as staking rewards at contract inception, which occurs at the beginning of each epoch of the respective blockchain.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Design Segment</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies the “cost to cost” and “right to invoice” methods of revenue recognition to the contracts with customers in the design segment. The design segment typically engages in two types of contracts: (i) time and material and (ii) fixed price. The Company recognizes revenue over time on its time and material contracts utilizing a “right to invoice” method. Revenues from fixed price contracts that require performance of services that are not related to the production of tangible assets are recognized by using cost inputs to measure progress toward the completion of its performance obligations, or the “cost to cost” method. Revenues from fixed price contracts that contain specific deliverables are recognized when the performance obligation has been satisfied or the transfer of goods to the customer has been completed and accepted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Recognized revenues that will not be billed until a later date are recorded as contract assets in the accompanying condensed consolidated balance sheets. The design segment had contract assets of $<span id="xdx_90E_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zWEfYk6H6Qa2" title="Contract assets">476,000</span><span style="text-decoration: underline">,</span> $<span id="xdx_904_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zfxnCLcpqiGh" title="Contract assets">1,064,000</span> and $<span id="xdx_90F_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20240930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zNf7AyxBUMBa" title="Contract assets">1,273,000</span> at June 30, 2026, September 30, 2025 and September 30, 2024, respectively. Contracts where collections to date have exceeded recognized revenues, or contract liabilities, are recorded as a liability and classified as a component of deferred income in the accompanying condensed consolidated balance sheets. The design segment had contract liabilities of $<span id="xdx_905_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zirebZtRhBH6" title="Contract liabilities">505,000</span>, $<span id="xdx_901_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zwS4RpImu8Yb" title="Contract liabilities">293,000</span> and $<span id="xdx_90E_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20240930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_z2UGBibZR1bf" title="Contract liabilities">399,000</span> at June 30, 2026, September 30, 2025 and September 30, 2024, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Disaggregation of Revenue</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Digital assets staking revenue is recognized at a point in time. Design segment revenue is predominantly recognized over time and has similar other economic factors, including, but not limited to, the geographic location and type of customer, payment terms and length of contracts. See Note 6 for disaggregated revenue amounts.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p id="xdx_841_eus-gaap--IncomeTaxPolicyTextBlock_zUVPvVJRjMF8" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zpfTjZ6wFrUb">Income Taxes</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company recognizes future tax benefits and liabilities measured at enacted rates attributable to temporary differences between the financial statement and income tax bases of assets and liabilities and to net tax operating loss carryforwards (“NOLs”) to the extent that realization of these benefits is more likely than not. At June 30, 2026, there was no change to our assessment that a full valuation allowance was required against all net deferred tax assets as it is not more likely than not that such deferred tax assets will be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Utilization of NOLs may be subject to substantial limitation under Section 382 of the Internal Revenue Code of 1986, as amended, due to ownership changes that have occurred previously or that could occur in the future, which may limit the amount of NOLs that can be used to offset future taxable income. In addition, NOLs generated in tax years beginning after December 31, 2017 are subject to an annual limitation that restricts their use to 80% of taxable income in any given year. Similar rules may apply under state tax laws. The Company engaged external tax advisors to perform a comprehensive Section 382 study, which was completed in April 2026. The study concluded that an ownership change occurred in connection with the Company’s private placement transaction in September 2025, which limits the amount of NOLs the Company can utilize each year. Our tax provision for the three months ended December 31, 2025 was estimated without the benefit of NOLs, as the Section 382 study had not been completed at the time we filed our financial statements for that period. Following completion of the study, our tax provision for the three months ended March 31, 2026 was estimated with the benefit of those NOLs that could be utilized under the annual Section 382 limitation and the 80% taxable income limitation and included a cumulative adjustment to reflect the NOLs benefit that was not recognized in the first quarter. Our tax provision for the three months ended June 30, 2026 was likewise estimated with the benefit of those NOLs, subject to the annual Section 382 limitation and the 80% taxable income limitation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our income tax (benefit)/provision for the three and nine months ended June 30, 2026 was primarily attributable to taxable income for which NOLs were not available to fully offset due to the Section 382 and 80% taxable income limitations described above, as well as changes to our forecasted full year taxable income each quarter. For the three and nine months ended June 30, 2025, we reported no income tax provision or benefit due to the existence of significant net operating loss carryforwards. Our effective tax rate was <span id="xdx_908_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20260401__20260630_zyoGQhK5jAb1" title="Effective tax rate">2.5</span>% and <span id="xdx_90F_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20250401__20250630_zQPxVwWM7Rsf" title="Effective tax rate">0.0</span>% for the three months ended June 30, 2026 and 2025, respectively. Our effective tax rate was <span id="xdx_904_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20251001__20260630_zKPvowGDPBu5" title="Effective tax rate">-0.01</span>% and <span id="xdx_90E_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20241001__20250630_zWpP0xogV3n5" title="Effective tax rate">0.0</span>% for the nine months ended June 30, 2026 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p id="xdx_843_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_z3L1gN03Vuzg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86E_ztPnyPYhV8T7">Fair Value Measurements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">ASC 820, “Fair Value Measurements,” establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 1: quoted prices in active markets for identical assets or liabilities;</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies ASC 820 in the valuation of SOL held by the Company and digital assets pledged as collateral for financial statement purposes. The fair value of SOL uses Level 1 inputs to reflect the price that would be received for SOL in a current sale, which assumes an orderly transaction between market participants on the measurement date in SOL’s “principal market,” or in the absence of a principal market, the most advantageous market. Market participants are defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. The Company determines its principal market (or in the absence of a principal market, the most advantageous market) on a periodic basis to determine which market is its principal market for the purpose of calculating fair value for the creation of quarterly and annual financial statements. Issuer-specific events, market trends, bid/ask quotes of brokers and information providers and other data may be reviewed in the course of making a good faith determination of the digital asset’s fair value. The fair value of digital assets pledged as collateral uses Level 2 inputs as they are based on observable inputs other than quoted prices for identical assets in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For purposes of impairment testing, digital assets outside the scope of ASC 350-60 – wrapped tokens such as fwdSOL, which provide the holder an enforceable right to redeem the underlying digital assets, and ONyc, which provides the holder rights to economic returns on On Re’s reinsurance program with a value of $<span id="xdx_906_eus-gaap--CryptoAssetCost_iI_pp0p0_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember__custom--NameOfCryptoAssetAxis__custom--FwdSOLMember_zhK9vyGndPR9">62,133,000</span> and $<span id="xdx_90E_eus-gaap--CryptoAssetCost_iI_pp0p0_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember__custom--NameOfCryptoAssetAxis__custom--ONycMember_zCX25Qtt9zeh">17,426,000</span>, respectively at June 30, 2026, are not measured at fair value, but rather, tested for impairment each reporting period. The value of these digital assets is estimated using inputs that are classified within Level 2 of the fair value hierarchy, as they are based on observable inputs other than quoted prices for identical assets in active markets. During the three and nine months ended June 30, 2026, the Company evaluated its fwdSOL digital assets for impairment and determined that the lowest observable fair value during each of the respective holding periods was approximately $60.35 per token, resulting in impairment charges of $<span id="xdx_907_eus-gaap--AssetImpairmentCharges_pp0p0_c20260401__20260630__srt--CryptoAssetAxis__custom--FwdSOLDigitalAssetsMember_zyewzyCxGBG5">14,600,000</span> and $<span id="xdx_90C_eus-gaap--AssetImpairmentCharges_pp0p0_c20251001__20260630__srt--CryptoAssetAxis__custom--FwdSOLDigitalAssetsMember_zlxXIKbqLVrl">132,737,000</span> for the three and nine months ended June 30, 2026, respectively. During the three and nine months ended June 30, 2026, the Company evaluated its ONyc digital assets for impairment and determined that the lowest observable fair value during each of the respective holding periods was approximately $1.06 per token, resulting in an impairment charge of $<span id="xdx_905_eus-gaap--AssetImpairmentCharges_pp0p0_c20251001__20260630__srt--CryptoAssetAxis__custom--ONycDigitalAssetsMember_zbGRzUnmhINg">622,000</span> for the three and nine months ended June 30, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies ASC 820 in the valuation of its SOL option contracts. The fair value of these derivative instruments reflects the amount that a market participant would require to assume the Company’s obligation as the writer of the option or the amount they would pay to acquire the Company’s rights as the seller of options in an orderly transaction on the measurement date. As the options are European-style and reference the price of SOL, the Company measures fair value using a market-participant option-pricing model that incorporates assumptions consistent with those used in the principal market for SOL-based derivatives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The valuation incorporates inputs such as the current spot price of SOL, the contractual strike price, the remaining term of the option, risk-free interest rates, and implied volatility. While certain inputs are derived from active markets, the Company’s implied volatility assumptions require the use of market-participant estimates due to limited depth and liquidity in the SOL options market. As a result, the fair value measurement includes significant unobservable inputs and is classified within Level 3 of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three and nine months ended June 30, 2026, the Company entered into option contracts referencing the price of SOL. Implied volatility for these contracts was derived primarily from observable market data for actively traded SOL options and supplemented with market-participant assumptions when quoted maturities or strikes did not align with the Company’s contracts. The Company also evaluated the effect of nonperformance risk, including the impact of collateral pledged, and concluded that nonperformance risk, including the Company’s own credit risk with respect to written options and counterparty credit risk with respect to purchased options, did not materially affect the fair value of its derivative instruments. See Note 12 for more information on derivative contracts.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy for each of those assets and liabilities:</p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zKH7kvHr4cQl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities)"> <tr style="vertical-align: bottom"> <td style="width: 40%"> <span id="xdx_8B8_zU0SyfulUS4b" style="display: none">Schedule of fair value assets and liabilities</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zMpC61xVSlh5" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zBpyUYl7paG3" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zYflCyUtWkyf" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zHcCTKQg1yz1" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Digital assets - restricted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember_zWJXJpRPZTRe" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z8JY54RHX8Xk" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9LMMJBwn5Ue" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zIb1nVt2nrV4" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Digital assets pledged as collateral with related party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember_zJPRkxJIGJca" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z6QW938Eicb1" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_znWi9iSCKKI5" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zbPiSVo1D8mc" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Derivative assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zb8cXw2fIeh9" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z2rRZPfimeu5" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrY9azS4OAh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zWY7QkQhgRg4" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Marketable equity securities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember_zDu7Uc8iqFy1" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zHXxS5OU8JNa" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zq3tAJjOaluh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zGsD7b9kE7Fe" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Loans Payable - Digital Assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember_zF8Ouyl64NMe" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zD3nXtH7yvCc" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z937g3d0U4Dg" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zLD1dGWD0mP8" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zRZ3iWkax8Za" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zjwjGDVcHlDd" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zVBdzHSqnfQl" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zJ03lzBVZida" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zUyZsnix7gOa" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_ztph4MKe7BOi" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9bMLreq01ia" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zvXT5BH6HZU" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A9_zLujZrySodm" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">There were no transfers between Level 1, Level 2, or Level 3 during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following tables summarize changes in assets and liabilities measured and reported at fair value for which Level 3 inputs have been used to determine fair value for the three months ended June 30, 2026:</p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zApl6DxMVT26" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities measured and reported)"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 20%"> <span id="xdx_8B3_zxFK132RPZic" style="display: none">Schedule of assets and liabilities measured and reported at fair value</span></td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value <br/> at <br/> March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Initial <br/> Fair Value<br/> of Purchases</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Settlements</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Unrealized<br/> Gain/ (Loss)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value<br/> at <br/> June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 20%; text-align: left">Derivative Assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_d0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zula2r4LItEa" style="width: 11%; text-align: right" title="Fair value, beginning balance">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zpviG4o4JJk9" style="width: 11%; text-align: right" title="Initial fair value of purchases">10,089,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zWWhXbsIzT6i" style="width: 11%; text-align: right" title="Settlements">(2,809,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z4mbXLHECx32" style="width: 11%; text-align: right" title="Net unrealized gain loss">(2,354,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z38Mf6v7qab8" style="width: 11%; text-align: right" title="Fair value, ending balance">4,926,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Derivative Liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNS_di0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zx175I2Mo45k" style="text-align: right" title="Fair value, beginning balance">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zgALuZC2eW35" style="text-align: right" title="Initial fair value of purchases">(8,511,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zSsGLaHvzlh1" style="text-align: right" title="Settlements">2,211,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zfjMPgLNOEvg" style="text-align: right" title="Net unrealized gain loss">(1,044,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNE_di_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zCFMNXstbnui" style="text-align: right" title="Fair value, ending balance">(7,344,000</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8AA_zRdFTAnuK664" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table presents additional information about valuation methodologies and significant unobservable inputs used for assets and liabilities that are measured and reported at fair value and categorized within Level 3 as of June 30, 2026:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zZlp1oDDmED" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Significant unobservable inputs)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> <span id="xdx_8B5_z9dLfHnEK2m" style="display: none">Schedule of significant unobservable inputs</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Financial Instrument</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Significant <br/> Unobservable<br/> Inputs</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: center">Derivative assets and liabilities</td><td> </td> <td style="text-align: center">Implied volatility</td><td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MinimumMember_zereUq3zejE4" title="Measurement input">68</span>%-<span id="xdx_902_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MaximumMember_zJlFdoAeQ2Na" title="Measurement input">70</span>%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><span style="font-size: 10pt"></span></p> <p id="xdx_8A8_zvREqHr3spRd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p id="xdx_84C_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zFQRSLgpfyx1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b><span id="xdx_86C_zclGaepMgaP">Share-Based Compensation Expense</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">The Company estimates the fair value of employee and non-employee director share-based compensation on the date of grant using the Black-Scholes option pricing model, which includes variables such as the expected volatility of the Company’s share price, the exercise behavior of its grantees, interest rates, and dividend yields. These variables are projected based on the Company’s historical data, experience, and other factors. The fair value of employee and non-employee director share-based compensation is recognized in the condensed consolidated statements of operations over the related service or vesting period of each grant. If awards contain performance conditions, compensation expense is recognized over the estimated service period if it is determined that achievement of the performance condition is probable. In the case of awards with multiple vesting periods, the Company has elected to use the graded vesting attribution method, which recognizes compensation cost on a straight-line basis over each separately vesting portion of the award as if the award was, in substance, multiple awards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; background-color: white"> </p> <p id="xdx_84D_eus-gaap--LesseeLeasesPolicyTextBlock_zcHgYSAJ4Mn7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zPaKBX1OjyQf">Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Lease assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term, using the Company’s incremental borrowing rate commensurate with the lease term, since the Company’s lessors do not provide an implicit rate, nor is one readily available. The Company has certain leases that may include an option to renew and when it is reasonably probable that the Company will exercise such option, the Company will include the renewal option terms in determining the lease asset and lease liability. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Operating lease assets are shown as right-of-use assets on the condensed consolidated balance sheets. The current and long-term portions of operating lease liabilities are shown separately as such on the condensed consolidated balance sheets.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p id="xdx_844_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zzWcr5MtcRR7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_863_zx3UuViZehn2">Recent Accounting Pronouncements</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In November 2024, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” and in January 2025, the FASB issued ASU No. 2025-01, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date”, which clarified the effective date of ASU 2024-03 for non-calendar year-end companies. ASU 2024-03 will require the Company to disclose the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization, as applicable, included in certain expense captions in the condensed consolidated statements of operations, as well as qualitatively describe remaining amounts included in those captions. ASU 2024-03 will also require the Company to disclose both the amount and the Company’s definition of selling expenses. This ASU is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 31, 2027. The Company is currently evaluating the effects of the pronouncement on its condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In December 2023, the FASB issued ASU 2023-09, “Income Taxes - Improvements to Income Tax Disclosures”, requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company adopted this pronouncement in the first quarter of Fiscal 2026 with no material impact on its condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p id="xdx_842_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zWOrVV8EGaxf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><span id="xdx_86B_zDCZj5FXn4Vd">Basis of Presentation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The accompanying condensed consolidated financial statements include the accounts of Forward Industries, Inc. and all of its wholly-owned subsidiaries: Forward Industries (IN), Inc. (“Forward US”), DE Sub 1 LLC (“Forward Delaware”), Forward Investments 1, LLC (“Forward Investments”), Forward Industries (Switzerland) GmbH (“Forward Switzerland”), Forward Industries UK Limited (“Forward UK”), Intelligent Product Solutions, Inc. (“IPS”) and Kablooe, Inc. (“Kablooe”). In May 2025, the Company sold all of its equity interests in Forward Switzerland and Forward UK.  As a result, our operating results for the three and nine months ended June 30, 2026 do not include operating results of either of these entities. The terms “Forward”, “we”, “our” or the “Company” as used throughout this document are used to indicate Forward Industries, Inc. and all of its wholly-owned subsidiaries. All significant intercompany transactions and balances have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In March 2026, the Company’s shareholders approved a proposal to change the Company’s state of incorporation from New York to Texas. This reincorporation was carried out by means of merger of Forward with and into a wholly-owned Texas subsidiary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In April 2026, the Company invested approximately $<span id="xdx_907_eus-gaap--PaymentsToAcquireOtherInvestments_pn5n6_c20260401__20260430__dei--LegalEntityAxis__custom--OnReLtdMember_zAyluovAshcg" title="Payments to acquire investments">1.9</span> million, through a combination of primary and secondary share purchases, in On Re Ltd (“On Re”), a private tokenized reinsurance company on the Solana blockchain. An additional $<span id="xdx_90B_ecustom--InvestmentCommitmentAmount_iI_pp0p0_c20260430__dei--LegalEntityAxis__custom--OnReLtdMember_zSIsLcZiKv8l" title="Additional investment amount">266,000</span> primary subscription remains subject to regulatory approval from the Bermuda Monetary Authority. The Company’s investment in On Re is accounted for under the cost method (see Note 4).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In the opinion of management, the accompanying condensed consolidated financial statements presented in this Quarterly Report on Form 10-Q reflect all normal recurring adjustments necessary to present fairly the financial position and results of operations and cash flows for the interim periods presented herein but are not necessarily indicative of the results of operations for the year ending September 30, 2026. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and with the disclosures and risk factors presented therein. The September 30, 2025 condensed consolidated balance sheet has been derived from the audited consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> 1900000 266000 <p id="xdx_840_eus-gaap--UseOfEstimates_zGE16Lrrf4J6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86D_zQUqqJqTmzSh">Accounting Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of the Company’s condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions. Within this report, certain dollar amounts and percentages have been rounded to their approximate values.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p id="xdx_847_eus-gaap--SegmentReportingPolicyPolicyTextBlock_zXOUcQ1muKq2" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_866_zqsoKLzYkdEb">Segment Reporting</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As a result of the Company’s digital asset treasury strategy and the OEM Plan, the Company now has <span id="xdx_90E_eus-gaap--NumberOfReportableSegments_dxL_uInteger_c20251001__20260630_zyP9mxZCBswj" title="Number of reportable segments::XDX::2"><span style="-sec-ix-hidden: xdx2ixbrl0914">two</span></span> reportable segments: digital assets and design. The digital assets segment captures SOL-based yield generated by participating in the Solana network’s staking protocol, which currently comprises rewards received from native staking. The design segment consists of <span id="xdx_903_eus-gaap--NumberOfOperatingSegments_dxL_uInteger_c20251001__20260630_zTihPdtLOuwb" title="Number of operating segments::XDX::2"><span style="-sec-ix-hidden: xdx2ixbrl0916">two</span></span> operating segments (IPS and Kablooe, which have been aggregated into one reportable segment) that provide a full spectrum of hardware and software product design and engineering services to customers predominantly located in the U.S. See Note 6 for additional information on our segments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_842_ecustom--DigitalAssetPolicyTextBlock_zQaaE3gBdnGe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86F_zMHQL38Z4QE6">Digital Assets</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for its holdings of digital assets, including cryptocurrencies such as Solana, as indefinite-lived intangible assets in accordance with Accounting Standards Codification (“ASC”) 350-60, “Intangibles – Goodwill and Other – Crypto Assets (“ASC 350-60”). Digital assets under ASC 350-60 are initially measured at cost and subsequently measured at fair value, with changes in fair value recognized in net income/(loss) each reporting period. Digital assets are classified as current assets if the Company intends to sell them or otherwise realize their value within twelve months after the reporting date, or as noncurrent assets if the Company intends to hold them for longer than twelve months. The Company evaluates its intent and ability to hold digital assets at each reporting date. Upon disposal of a digital asset (e.g., by sale, exchange or transfer) the Company derecognizes the asset and recognizes a realized gain or loss in net income/(loss), calculated as the difference between the sale proceeds and the asset’s carrying amount, which is determined using a first in-first out method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Digital assets that are not in scope of ASC 350-60, primarily wrapped tokens that provide the holder with an enforceable right to redeem the underlying digital assets, such as fwdSOL, are accounted for as indefinite-lived intangible assets subject to impairment testing, or as financial assets if they are redeemable for cash. These digital assets are accounted for as intangible assets and measured at the lower of cost or market value. The Company determines market value using the lowest observed transaction price of the asset during the holding period. The Company elected to apply the fair value option to digital assets that meet the definition of financial assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company has developed fwdSOL, a Liquid Staking Token (“LST”) in collaboration with Socean Labs Inc. on the Solana blockchain.  fwdSOL allows Forward and other SOL holders to stake native SOL and continue earning staking rewards while receiving and using fwdSOL elsewhere in the Solana ecosystem. fwdSOL is backed by SOL staked on Forward Industries’ institutional grade validator infrastructure which automatically accrues staking rewards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p id="xdx_848_ecustom--DigitalAssetLoanReceivableAndPayablePolicyTextBlock_zNOrKhfYlFIa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_869_zfCI352MpMP8">Digital Asset Loan Receivable and Payable</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company engages in digital asset lending and borrowing activities. Digital asset loans receivable are typically fixed short-term loans or loans with no specified maturity dates that are callable or prepayable with a short notice period and no penalties. The borrower has the ability to use the loaned digital assets at its discretion for the duration of the loan. The Company derecognizes the underlying digital assets upon loan origination and recognizes a digital asset loan receivable that represents the Company’s right to receive the loaned digital asset upon settlement of the loan. The digital asset loan receivable is measured at the fair value of the underlying digital assets that the Company expects to receive under the arrangement. The Company evaluates its digital asset loan receivables for possible credit losses using the current expected credit loss framework outlined in ASC Topic 326, “Financial Instruments—Credit Losses”, (“ASC 326”). Digital asset loan interest is denominated in the same underlying digital asset that is loaned out. The Company recognizes interest income over the life of the loan using the effective rate method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company also borrows digital assets from counterparties. As borrower, the Company has the ability to use the borrowed digital assets at its discretion. The Company pays interest on borrowed digital assets that is denominated in the borrowed digital assets and recognizes interest expense over the term of the loan. The borrowed digital assets are recognized as digital assets in accordance with the Company’s accounting policies for digital assets. The obligation to repay digital assets in the future is recorded as a Loan Payable - Digital Assets and is remeasured at fair value.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company may pledge or receive digital assets as collateral associated with its digital asset lending and borrowing activities. The Company evaluates the nature of the arrangement with counterparties to determine whether it obtains or loses control of the collateral assets. Where control of the collateral assets transfers to or from the Company, it is accounted for in the same manner as digital asset loans receivable or payable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--ReceivablesPolicyTextBlock_zTfjOirMbpib" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86A_zRnOrunYsVK1">Accounts Receivable</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Accounts receivable consists of unsecured trade accounts with customers net of an allowance for credit losses. Collectability of accounts receivable is estimated by evaluating the number of days accounts are outstanding, customer payment history, recent payment trends and perceived creditworthiness, adjusted as necessary based on specific customer situations. At June 30, 2026, September 30, 2025 and September 30, 2024, the Company had allowances for credit losses of $<span id="xdx_906_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20260630_zd02JHytEds4" title="Allowances for doubtful accounts">98,000</span>, $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20250930_zqeDSkHw89Yd" title="Allowances for doubtful accounts">92,000</span> and $<span id="xdx_900_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pp0p0_c20240930_zLkbd2Dv7vv1" title="Allowances for doubtful accounts">27,000</span> respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> 98000 92000 27000 <p id="xdx_84A_eus-gaap--DerivativesPolicyTextBlock_zpNMgjanRya4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_861_zi7mavheMhma">Derivatives</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company enters into over-the-counter (“OTC”) derivative contracts, including options referencing the price of digital assets such as SOL primarily for the purpose of trading, risk management and treasury management of its digital assets. These contracts are accounted for in accordance with ASC 815, “Derivatives and Hedging.” Derivative instruments are recognized on the balance sheet at fair value on the trade date and are subsequently remeasured at fair value at each reporting date, with changes in fair value recognized in earnings within “Derivative gain/(loss).” The Company does not designate any derivative instruments as hedging instruments under ASC 815. The Company does not offset cash collateral paid or received against derivative assets or liabilities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Written options represent obligations of the Company and are recorded as derivative liabilities and purchased options represent rights of the Company and are recorded as derivative assets. The Company receives or pays an upfront premium at inception, which generally represents the initial fair value of the option unless model-derived fair value indicates otherwise. Derivative instruments are derecognized upon expiration or settlement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p id="xdx_841_eus-gaap--EquityMethodInvestmentsPolicy_zbPLEMi08862" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_867_zfL3L2SUELu">Investments</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Cost / Equity Method Investments</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for investments in entities over which it has the ability to exercise significant influence, but not control, using the equity method of accounting in accordance with ASC Topic 323, “Investments—Equity Method and Joint Ventures.” Significant influence is generally presumed to exist when the Company holds 20% or more of the voting interest of an investee, although the determination requires judgment and consideration of all relevant facts and circumstances, including representation on the investee’s board of directors, participation in policy-making processes, material intra-entity transactions, interchange of managerial personnel, and technological dependency. If the Company does not exercise significant influence, it will generally account for investments using the cost method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Under the equity method, the investment is initially recorded at cost and subsequently adjusted to recognize the Company’s proportionate share of the investee’s net income or loss. The Company’s proportionate share of the investee’s earnings or losses is recognized in the condensed consolidated statements of operations on a three-month lag.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company evaluates its equity method investments for impairment whenever events or changes in circumstances indicate that the carrying amount of the investment may not be recoverable. An impairment loss is recognized when the decline in fair value below the carrying amount is determined to be other than temporary.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Investments in Marketable Equity Securities</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In June 2026, the Company purchased certain marketable equity securities. The Company carries its investments in marketable equity securities at fair value, which is based on quoted prices for the securities, which is categorized within Level 1 of the fair value hierarchy. Marketable securities are categorized as current assets if the Company intends to sell them or otherwise realize their value within twelve months after the reporting date, or as noncurrent assets if the Company intends to hold them for longer than twelve months. The Company evaluates its intent and ability to hold marketable equity securities at each reporting date. Changes in market value are recorded through earnings each reporting period. At June 30, 2026, the Company held the following marketable equity securities: </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--MarketableSecuritiesTextBlock_zvBavYjqaUOb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Marketable equity securities)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> <span id="xdx_8B7_zQeA2NPnqnf" style="display: none">Schedule of marketable equity securities</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 46%; text-align: left">Strategy Series A Perpetual Preferred Stock (“STRF”)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentOwnedBalanceShares_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zGgxDQs423Nc" style="width: 13%; text-align: right" title="Marketable equity securities, shares">25,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--EquitySecuritiesFvNi_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zbDwZdEybCMf" style="width: 13%; text-align: right" title="Marketable equity securities, fair value">2,317,500</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zxLmyjENXKg9" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table summarizes the Company’s marketable equity securities and adjustments to fair value at June 30, 2026: </p> <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--MarketableSecuritiesAdjustmentToFairValueTableTextBlock_zTSL0Q6hM7Ig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Adjustments to fair value)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> <span id="xdx_8B8_zy4uPCjOWms1" style="display: none">Schedule of adjustments to fair value</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 53%; text-align: left">Marketable equity securities at cost</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--MarketableSecurities_iI_c20260630_zGMGPpIDtswa" style="width: 13%; text-align: right" title="Marketable equity securities at cost">2,300,164</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Cumulative unrealized gain on marketable equity securities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_c20251001__20260630_zHJGPuxEbs8g" style="border-bottom: Black 1pt solid; text-align: right" title="Cumulative unrealized gain on marketable equity securities">17,336</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Marketable equity securities at fair value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--EquitySecuritiesFvNi_iI_c20260630_zrl6HSiQ87G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Marketable equity securities at fair value">2,317,500</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-size: 10pt"></span></p> <p id="xdx_8AE_zisNZXg32SCj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There were <span id="xdx_901_eus-gaap--ProceedsFromSaleAndMaturityOfMarketableSecurities_do_c20260401__20260630_z2ryoQZWyzv4" title="Sale on marketable securities"><span id="xdx_906_eus-gaap--ProceedsFromSaleAndMaturityOfMarketableSecurities_do_c20251001__20260630_zz7qOzRRZxSk" title="Sale on marketable securities">no</span></span> sales of marketable equity securities during the three or nine months ended June 30, 2026.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--MarketableSecuritiesTextBlock_zvBavYjqaUOb" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Marketable equity securities)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> <span id="xdx_8B7_zQeA2NPnqnf" style="display: none">Schedule of marketable equity securities</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Shares</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 46%; text-align: left">Strategy Series A Perpetual Preferred Stock (“STRF”)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98E_eus-gaap--InvestmentOwnedBalanceShares_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zGgxDQs423Nc" style="width: 13%; text-align: right" title="Marketable equity securities, shares">25,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--EquitySecuritiesFvNi_iI_c20260630__us-gaap--FinancialInstrumentAxis__custom--STRFSeriesAPerpetualPreferredStockMember_zbDwZdEybCMf" style="width: 13%; text-align: right" title="Marketable equity securities, fair value">2,317,500</td><td style="width: 1%; text-align: left"> </td></tr> </table> 25000 2317500 <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--MarketableSecuritiesAdjustmentToFairValueTableTextBlock_zTSL0Q6hM7Ig" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 70%; margin-left: 0.25in" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Adjustments to fair value)"> <tr style="vertical-align: bottom"> <td style="text-align: left"> <span id="xdx_8B8_zy4uPCjOWms1" style="display: none">Schedule of adjustments to fair value</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 53%; text-align: left">Marketable equity securities at cost</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--MarketableSecurities_iI_c20260630_zGMGPpIDtswa" style="width: 13%; text-align: right" title="Marketable equity securities at cost">2,300,164</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Cumulative unrealized gain on marketable equity securities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--MarketableSecuritiesUnrealizedGainLoss_c20251001__20260630_zHJGPuxEbs8g" style="border-bottom: Black 1pt solid; text-align: right" title="Cumulative unrealized gain on marketable equity securities">17,336</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Marketable equity securities at fair value</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--EquitySecuritiesFvNi_iI_c20260630_zrl6HSiQ87G6" style="border-bottom: Black 2.5pt double; text-align: right" title="Marketable equity securities at fair value">2,317,500</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-size: 10pt"></span></p> 2300164 17336 2317500 0 0 <p id="xdx_84A_eus-gaap--TreasuryStockTextBlock_zAsX6AwN2247" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_861_zme26CUFEYi4">Treasury Stock</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company accounts for treasury stock using the cost method. As of June 30, 2026 and September 30, 2025, the Company held <span id="xdx_903_eus-gaap--TreasuryStockCommonShares_iI_dxL_c20260630_ztjebc4GrTBc" title="Treasury stock, shares::XDX::13316224"><span style="-sec-ix-hidden: xdx2ixbrl0966">13,316,000</span></span> and <span id="xdx_900_eus-gaap--TreasuryStockCommonShares_iI_c20250930_zqH86mowmx65" title="Treasury stock, shares">0</span> shares of its common stock in treasury, purchased at a total cost of $<span id="xdx_906_eus-gaap--TreasuryStockCommonValue_iI_pp0p0_dxL_c20260630_zbmhu63dyAL4" title="Treasury stock, value::XDX::69862786"><span style="-sec-ix-hidden: xdx2ixbrl0970">69,863,000</span></span> and $<span id="xdx_901_eus-gaap--TreasuryStockCommonValue_iI_pp0p0_c20250930_zIhX1SEz9yle" title="Treasury stock, value">0</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> 0 0 <p id="xdx_844_eus-gaap--RevenueRecognitionPolicyTextBlock_z3gAtlmIAPGc" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zZGnl7USzcUh">Revenue Recognition</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Digital Asset Staking</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company participates in proof-of-stake validation. Proof-of-stake validation, also referred to as staking, requires the Company to delegate its digital assets to a validator. Staking can be performed on proprietary validation infrastructure or through the use of third-party infrastructure or service providers. The Company concluded that where it controls the validation infrastructure, it is a principal in the provision of staking services to the blockchain and recognizes staking revenue on a gross basis. Blockchain rewards distributed to third parties staking on the Company’s validation infrastructure are included in cost of sales.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company recognizes noncash consideration from staking activities related to its digital asset holdings in accordance with ASC 606, “Revenue from Contracts with Customers”. Staking income is generated when the Company participates in digital asset networks to validate transactions and, in return, earns rewards in the form of additional digital assets. The Company considers its performance obligation to be satisfied at the point in time when it has successfully provided validation services to the network and the reward is determinable and collectible. Revenue is measured as the fair value of digital assets received as staking rewards at contract inception, which occurs at the beginning of each epoch of the respective blockchain.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Design Segment</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies the “cost to cost” and “right to invoice” methods of revenue recognition to the contracts with customers in the design segment. The design segment typically engages in two types of contracts: (i) time and material and (ii) fixed price. The Company recognizes revenue over time on its time and material contracts utilizing a “right to invoice” method. Revenues from fixed price contracts that require performance of services that are not related to the production of tangible assets are recognized by using cost inputs to measure progress toward the completion of its performance obligations, or the “cost to cost” method. Revenues from fixed price contracts that contain specific deliverables are recognized when the performance obligation has been satisfied or the transfer of goods to the customer has been completed and accepted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Recognized revenues that will not be billed until a later date are recorded as contract assets in the accompanying condensed consolidated balance sheets. The design segment had contract assets of $<span id="xdx_90E_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zWEfYk6H6Qa2" title="Contract assets">476,000</span><span style="text-decoration: underline">,</span> $<span id="xdx_904_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zfxnCLcpqiGh" title="Contract assets">1,064,000</span> and $<span id="xdx_90F_eus-gaap--ContractWithCustomerAssetNet_iI_pp0p0_c20240930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zNf7AyxBUMBa" title="Contract assets">1,273,000</span> at June 30, 2026, September 30, 2025 and September 30, 2024, respectively. Contracts where collections to date have exceeded recognized revenues, or contract liabilities, are recorded as a liability and classified as a component of deferred income in the accompanying condensed consolidated balance sheets. The design segment had contract liabilities of $<span id="xdx_905_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zirebZtRhBH6" title="Contract liabilities">505,000</span>, $<span id="xdx_901_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zwS4RpImu8Yb" title="Contract liabilities">293,000</span> and $<span id="xdx_90E_eus-gaap--ContractWithCustomerLiability_iI_pp0p0_c20240930__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_z2UGBibZR1bf" title="Contract liabilities">399,000</span> at June 30, 2026, September 30, 2025 and September 30, 2024, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Disaggregation of Revenue</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Digital assets staking revenue is recognized at a point in time. Design segment revenue is predominantly recognized over time and has similar other economic factors, including, but not limited to, the geographic location and type of customer, payment terms and length of contracts. See Note 6 for disaggregated revenue amounts.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> 476000 1064000 1273000 505000 293000 399000 <p id="xdx_841_eus-gaap--IncomeTaxPolicyTextBlock_zUVPvVJRjMF8" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zpfTjZ6wFrUb">Income Taxes</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company recognizes future tax benefits and liabilities measured at enacted rates attributable to temporary differences between the financial statement and income tax bases of assets and liabilities and to net tax operating loss carryforwards (“NOLs”) to the extent that realization of these benefits is more likely than not. At June 30, 2026, there was no change to our assessment that a full valuation allowance was required against all net deferred tax assets as it is not more likely than not that such deferred tax assets will be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Utilization of NOLs may be subject to substantial limitation under Section 382 of the Internal Revenue Code of 1986, as amended, due to ownership changes that have occurred previously or that could occur in the future, which may limit the amount of NOLs that can be used to offset future taxable income. In addition, NOLs generated in tax years beginning after December 31, 2017 are subject to an annual limitation that restricts their use to 80% of taxable income in any given year. Similar rules may apply under state tax laws. The Company engaged external tax advisors to perform a comprehensive Section 382 study, which was completed in April 2026. The study concluded that an ownership change occurred in connection with the Company’s private placement transaction in September 2025, which limits the amount of NOLs the Company can utilize each year. Our tax provision for the three months ended December 31, 2025 was estimated without the benefit of NOLs, as the Section 382 study had not been completed at the time we filed our financial statements for that period. Following completion of the study, our tax provision for the three months ended March 31, 2026 was estimated with the benefit of those NOLs that could be utilized under the annual Section 382 limitation and the 80% taxable income limitation and included a cumulative adjustment to reflect the NOLs benefit that was not recognized in the first quarter. Our tax provision for the three months ended June 30, 2026 was likewise estimated with the benefit of those NOLs, subject to the annual Section 382 limitation and the 80% taxable income limitation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Our income tax (benefit)/provision for the three and nine months ended June 30, 2026 was primarily attributable to taxable income for which NOLs were not available to fully offset due to the Section 382 and 80% taxable income limitations described above, as well as changes to our forecasted full year taxable income each quarter. For the three and nine months ended June 30, 2025, we reported no income tax provision or benefit due to the existence of significant net operating loss carryforwards. Our effective tax rate was <span id="xdx_908_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20260401__20260630_zyoGQhK5jAb1" title="Effective tax rate">2.5</span>% and <span id="xdx_90F_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20250401__20250630_zQPxVwWM7Rsf" title="Effective tax rate">0.0</span>% for the three months ended June 30, 2026 and 2025, respectively. Our effective tax rate was <span id="xdx_904_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20251001__20260630_zKPvowGDPBu5" title="Effective tax rate">-0.01</span>% and <span id="xdx_90E_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_dp_c20241001__20250630_zWpP0xogV3n5" title="Effective tax rate">0.0</span>% for the nine months ended June 30, 2026 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> 0.025 0.000 -0.0001 0.000 <p id="xdx_843_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_z3L1gN03Vuzg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span id="xdx_86E_ztPnyPYhV8T7">Fair Value Measurements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">ASC 820, “Fair Value Measurements,” establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in; text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 1: quoted prices in active markets for identical assets or liabilities;</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies ASC 820 in the valuation of SOL held by the Company and digital assets pledged as collateral for financial statement purposes. The fair value of SOL uses Level 1 inputs to reflect the price that would be received for SOL in a current sale, which assumes an orderly transaction between market participants on the measurement date in SOL’s “principal market,” or in the absence of a principal market, the most advantageous market. Market participants are defined as buyers and sellers in the principal or most advantageous market that are independent, knowledgeable, and willing and able to transact. The Company determines its principal market (or in the absence of a principal market, the most advantageous market) on a periodic basis to determine which market is its principal market for the purpose of calculating fair value for the creation of quarterly and annual financial statements. Issuer-specific events, market trends, bid/ask quotes of brokers and information providers and other data may be reviewed in the course of making a good faith determination of the digital asset’s fair value. The fair value of digital assets pledged as collateral uses Level 2 inputs as they are based on observable inputs other than quoted prices for identical assets in active markets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For purposes of impairment testing, digital assets outside the scope of ASC 350-60 – wrapped tokens such as fwdSOL, which provide the holder an enforceable right to redeem the underlying digital assets, and ONyc, which provides the holder rights to economic returns on On Re’s reinsurance program with a value of $<span id="xdx_906_eus-gaap--CryptoAssetCost_iI_pp0p0_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember__custom--NameOfCryptoAssetAxis__custom--FwdSOLMember_zhK9vyGndPR9">62,133,000</span> and $<span id="xdx_90E_eus-gaap--CryptoAssetCost_iI_pp0p0_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember__custom--NameOfCryptoAssetAxis__custom--ONycMember_zCX25Qtt9zeh">17,426,000</span>, respectively at June 30, 2026, are not measured at fair value, but rather, tested for impairment each reporting period. The value of these digital assets is estimated using inputs that are classified within Level 2 of the fair value hierarchy, as they are based on observable inputs other than quoted prices for identical assets in active markets. During the three and nine months ended June 30, 2026, the Company evaluated its fwdSOL digital assets for impairment and determined that the lowest observable fair value during each of the respective holding periods was approximately $60.35 per token, resulting in impairment charges of $<span id="xdx_907_eus-gaap--AssetImpairmentCharges_pp0p0_c20260401__20260630__srt--CryptoAssetAxis__custom--FwdSOLDigitalAssetsMember_zyewzyCxGBG5">14,600,000</span> and $<span id="xdx_90C_eus-gaap--AssetImpairmentCharges_pp0p0_c20251001__20260630__srt--CryptoAssetAxis__custom--FwdSOLDigitalAssetsMember_zlxXIKbqLVrl">132,737,000</span> for the three and nine months ended June 30, 2026, respectively. During the three and nine months ended June 30, 2026, the Company evaluated its ONyc digital assets for impairment and determined that the lowest observable fair value during each of the respective holding periods was approximately $1.06 per token, resulting in an impairment charge of $<span id="xdx_905_eus-gaap--AssetImpairmentCharges_pp0p0_c20251001__20260630__srt--CryptoAssetAxis__custom--ONycDigitalAssetsMember_zbGRzUnmhINg">622,000</span> for the three and nine months ended June 30, 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company applies ASC 820 in the valuation of its SOL option contracts. The fair value of these derivative instruments reflects the amount that a market participant would require to assume the Company’s obligation as the writer of the option or the amount they would pay to acquire the Company’s rights as the seller of options in an orderly transaction on the measurement date. As the options are European-style and reference the price of SOL, the Company measures fair value using a market-participant option-pricing model that incorporates assumptions consistent with those used in the principal market for SOL-based derivatives.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The valuation incorporates inputs such as the current spot price of SOL, the contractual strike price, the remaining term of the option, risk-free interest rates, and implied volatility. While certain inputs are derived from active markets, the Company’s implied volatility assumptions require the use of market-participant estimates due to limited depth and liquidity in the SOL options market. As a result, the fair value measurement includes significant unobservable inputs and is classified within Level 3 of the fair value hierarchy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three and nine months ended June 30, 2026, the Company entered into option contracts referencing the price of SOL. Implied volatility for these contracts was derived primarily from observable market data for actively traded SOL options and supplemented with market-participant assumptions when quoted maturities or strikes did not align with the Company’s contracts. The Company also evaluated the effect of nonperformance risk, including the impact of collateral pledged, and concluded that nonperformance risk, including the Company’s own credit risk with respect to written options and counterparty credit risk with respect to purchased options, did not materially affect the fair value of its derivative instruments. See Note 12 for more information on derivative contracts.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy for each of those assets and liabilities:</p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zKH7kvHr4cQl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities)"> <tr style="vertical-align: bottom"> <td style="width: 40%"> <span id="xdx_8B8_zU0SyfulUS4b" style="display: none">Schedule of fair value assets and liabilities</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zMpC61xVSlh5" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zBpyUYl7paG3" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zYflCyUtWkyf" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zHcCTKQg1yz1" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Digital assets - restricted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember_zWJXJpRPZTRe" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z8JY54RHX8Xk" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9LMMJBwn5Ue" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zIb1nVt2nrV4" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Digital assets pledged as collateral with related party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember_zJPRkxJIGJca" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z6QW938Eicb1" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_znWi9iSCKKI5" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zbPiSVo1D8mc" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Derivative assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zb8cXw2fIeh9" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z2rRZPfimeu5" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrY9azS4OAh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zWY7QkQhgRg4" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Marketable equity securities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember_zDu7Uc8iqFy1" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zHXxS5OU8JNa" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zq3tAJjOaluh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zGsD7b9kE7Fe" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Loans Payable - Digital Assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember_zF8Ouyl64NMe" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zD3nXtH7yvCc" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z937g3d0U4Dg" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zLD1dGWD0mP8" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zRZ3iWkax8Za" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zjwjGDVcHlDd" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zVBdzHSqnfQl" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zJ03lzBVZida" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zUyZsnix7gOa" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_ztph4MKe7BOi" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9bMLreq01ia" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zvXT5BH6HZU" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A9_zLujZrySodm" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">There were no transfers between Level 1, Level 2, or Level 3 during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following tables summarize changes in assets and liabilities measured and reported at fair value for which Level 3 inputs have been used to determine fair value for the three months ended June 30, 2026:</p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zApl6DxMVT26" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities measured and reported)"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 20%"> <span id="xdx_8B3_zxFK132RPZic" style="display: none">Schedule of assets and liabilities measured and reported at fair value</span></td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value <br/> at <br/> March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Initial <br/> Fair Value<br/> of Purchases</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Settlements</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Unrealized<br/> Gain/ (Loss)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value<br/> at <br/> June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 20%; text-align: left">Derivative Assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_d0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zula2r4LItEa" style="width: 11%; text-align: right" title="Fair value, beginning balance">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zpviG4o4JJk9" style="width: 11%; text-align: right" title="Initial fair value of purchases">10,089,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zWWhXbsIzT6i" style="width: 11%; text-align: right" title="Settlements">(2,809,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z4mbXLHECx32" style="width: 11%; text-align: right" title="Net unrealized gain loss">(2,354,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z38Mf6v7qab8" style="width: 11%; text-align: right" title="Fair value, ending balance">4,926,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Derivative Liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNS_di0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zx175I2Mo45k" style="text-align: right" title="Fair value, beginning balance">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zgALuZC2eW35" style="text-align: right" title="Initial fair value of purchases">(8,511,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zSsGLaHvzlh1" style="text-align: right" title="Settlements">2,211,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zfjMPgLNOEvg" style="text-align: right" title="Net unrealized gain loss">(1,044,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNE_di_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zCFMNXstbnui" style="text-align: right" title="Fair value, ending balance">(7,344,000</td><td style="text-align: left">)</td></tr> </table> <p id="xdx_8AA_zRdFTAnuK664" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in; background-color: white"><span style="font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table presents additional information about valuation methodologies and significant unobservable inputs used for assets and liabilities that are measured and reported at fair value and categorized within Level 3 as of June 30, 2026:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zZlp1oDDmED" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Significant unobservable inputs)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> <span id="xdx_8B5_z9dLfHnEK2m" style="display: none">Schedule of significant unobservable inputs</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Financial Instrument</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Significant <br/> Unobservable<br/> Inputs</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: center">Derivative assets and liabilities</td><td> </td> <td style="text-align: center">Implied volatility</td><td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MinimumMember_zereUq3zejE4" title="Measurement input">68</span>%-<span id="xdx_902_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MaximumMember_zJlFdoAeQ2Na" title="Measurement input">70</span>%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><span style="font-size: 10pt"></span></p> <p id="xdx_8A8_zvREqHr3spRd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"> </p> 62133000 17426000 14600000 132737000 622000 <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_zKH7kvHr4cQl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities)"> <tr style="vertical-align: bottom"> <td style="width: 40%"> <span id="xdx_8B8_zU0SyfulUS4b" style="display: none">Schedule of fair value assets and liabilities</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zMpC61xVSlh5" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zBpyUYl7paG3" style="width: 11%; text-align: right" title="Total Assets">256,290,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zYflCyUtWkyf" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zHcCTKQg1yz1" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Digital assets - restricted</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember_zWJXJpRPZTRe" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z8JY54RHX8Xk" style="text-align: right" title="Total Assets">1,217,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9LMMJBwn5Ue" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsRestrictedMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zIb1nVt2nrV4" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Digital assets pledged as collateral with related party</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember_zJPRkxJIGJca" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z6QW938Eicb1" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_znWi9iSCKKI5" style="text-align: right" title="Total Assets">239,518,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsPledgedForCollateralWithRelatedPartyMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zbPiSVo1D8mc" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Derivative assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zb8cXw2fIeh9" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z2rRZPfimeu5" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zBrY9azS4OAh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zWY7QkQhgRg4" style="text-align: right" title="Total Assets">4,926,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Marketable equity securities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember_zDu7Uc8iqFy1" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--AssetsFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zHXxS5OU8JNa" style="text-align: right" title="Total Assets">2,317,500</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zq3tAJjOaluh" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--MarketableEquitySecuritiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zGsD7b9kE7Fe" style="text-align: right" title="Total Assets">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Loans Payable - Digital Assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember_zF8Ouyl64NMe" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zD3nXtH7yvCc" style="text-align: right" title="Total Liabilities">12,519,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z937g3d0U4Dg" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--LoansPayableDigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zLD1dGWD0mP8" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Derivative liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zRZ3iWkax8Za" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_zjwjGDVcHlDd" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--LiabilitiesFairValueDisclosure_iI_d0_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_zVBdzHSqnfQl" style="text-align: right" title="Total Liabilities">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--LiabilitiesFairValueDisclosure_iI_c20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zJ03lzBVZida" style="text-align: right" title="Total Liabilities">7,344,000</td><td style="text-align: left"> </td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; font-weight: bold"> </td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Total</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 1</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 2</td><td style="text-align: center; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Level 3</td></tr> <tr style="vertical-align: bottom"> <td>Assets:</td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td><td> </td> <td colspan="3" style="text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; width: 40%; text-align: left">Digital assets</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember_zUyZsnix7gOa" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--AssetsFairValueDisclosure_iI_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_ztph4MKe7BOi" style="width: 11%; text-align: right" title="Total Assets">1,430,486,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98D_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member_z9bMLreq01ia" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98F_eus-gaap--AssetsFairValueDisclosure_iI_d0_c20250930__us-gaap--FairValueByAssetClassAxis__custom--DigitalAssetsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member_zvXT5BH6HZU" style="width: 11%; text-align: right" title="Total Assets">–</td><td style="width: 1%; text-align: left"> </td></tr> </table> 256290000 256290000 0 0 1217000 1217000 0 0 239518000 0 239518000 0 4926000 0 0 4926000 2317500 2317500 0 0 12519000 12519000 0 0 7344000 0 0 7344000 1430486000 1430486000 0 0 <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zApl6DxMVT26" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Fair value of assets and liabilities measured and reported)"> <tr style="vertical-align: bottom"> <td style="text-align: left; width: 20%"> <span id="xdx_8B3_zxFK132RPZic" style="display: none">Schedule of assets and liabilities measured and reported at fair value</span></td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 1%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value <br/> at <br/> March 31, 2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Initial <br/> Fair Value<br/> of Purchases</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Settlements</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net Unrealized<br/> Gain/ (Loss)</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Fair Value<br/> at <br/> June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 20%; text-align: left">Derivative Assets</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iS_d0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zula2r4LItEa" style="width: 11%; text-align: right" title="Fair value, beginning balance">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98C_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zpviG4o4JJk9" style="width: 11%; text-align: right" title="Initial fair value of purchases">10,089,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_985_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_zWWhXbsIzT6i" style="width: 11%; text-align: right" title="Settlements">(2,809,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z4mbXLHECx32" style="width: 11%; text-align: right" title="Net unrealized gain loss">(2,354,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_iE_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativeAssetMember_z38Mf6v7qab8" style="width: 11%; text-align: right" title="Fair value, ending balance">4,926,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Derivative Liabilities</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNS_di0_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zx175I2Mo45k" style="text-align: right" title="Fair value, beginning balance">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zgALuZC2eW35" style="text-align: right" title="Initial fair value of purchases">(8,511,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zSsGLaHvzlh1" style="text-align: right" title="Settlements">2,211,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zfjMPgLNOEvg" style="text-align: right" title="Net unrealized gain loss">(1,044,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98E_eus-gaap--FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_iNE_di_c20260401__20260630__us-gaap--FairValueByAssetClassAxis__custom--DerivativesLiabilitiesMember_zCFMNXstbnui" style="text-align: right" title="Fair value, ending balance">(7,344,000</td><td style="text-align: left">)</td></tr> </table> 0 10089000 -2809000 -2354000 4926000 -0 -8511000 2211000 -1044000 7344000 <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock_zZlp1oDDmED" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - ACCOUNTING POLICIES (Details - Significant unobservable inputs)"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> <span id="xdx_8B5_z9dLfHnEK2m" style="display: none">Schedule of significant unobservable inputs</span></td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Financial Instrument</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Significant <br/> Unobservable<br/> Inputs</td><td style="width: 2%; font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 25%; font-weight: bold; text-align: center">Range</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: center">Derivative assets and liabilities</td><td> </td> <td style="text-align: center">Implied volatility</td><td> </td> <td style="text-align: center"><span id="xdx_90F_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MinimumMember_zereUq3zejE4" title="Measurement input">68</span>%-<span id="xdx_902_eus-gaap--DerivativeAssetLiabilityNetMeasurementInput_iI_uPure_c20260630__us-gaap--MeasurementInputTypeAxis__us-gaap--MeasurementInputPriceVolatilityMember__srt--RangeAxis__srt--MaximumMember_zJlFdoAeQ2Na" title="Measurement input">70</span>%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in"><span style="font-size: 10pt"></span></p> 68 70 <p id="xdx_84C_eus-gaap--ShareBasedCompensationOptionAndIncentivePlansPolicy_zFQRSLgpfyx1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b><span id="xdx_86C_zclGaepMgaP">Share-Based Compensation Expense</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">The Company estimates the fair value of employee and non-employee director share-based compensation on the date of grant using the Black-Scholes option pricing model, which includes variables such as the expected volatility of the Company’s share price, the exercise behavior of its grantees, interest rates, and dividend yields. These variables are projected based on the Company’s historical data, experience, and other factors. The fair value of employee and non-employee director share-based compensation is recognized in the condensed consolidated statements of operations over the related service or vesting period of each grant. If awards contain performance conditions, compensation expense is recognized over the estimated service period if it is determined that achievement of the performance condition is probable. In the case of awards with multiple vesting periods, the Company has elected to use the graded vesting attribution method, which recognizes compensation cost on a straight-line basis over each separately vesting portion of the award as if the award was, in substance, multiple awards.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; background-color: white"> </p> <p id="xdx_84D_eus-gaap--LesseeLeasesPolicyTextBlock_zcHgYSAJ4Mn7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_86D_zPaKBX1OjyQf">Leases</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Lease assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term, using the Company’s incremental borrowing rate commensurate with the lease term, since the Company’s lessors do not provide an implicit rate, nor is one readily available. The Company has certain leases that may include an option to renew and when it is reasonably probable that the Company will exercise such option, the Company will include the renewal option terms in determining the lease asset and lease liability. Lease assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Operating lease assets are shown as right-of-use assets on the condensed consolidated balance sheets. The current and long-term portions of operating lease liabilities are shown separately as such on the condensed consolidated balance sheets.</p> <p style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"> </p> <p id="xdx_844_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zzWcr5MtcRR7" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in"><span id="xdx_863_zx3UuViZehn2">Recent Accounting Pronouncements</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In November 2024, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” and in January 2025, the FASB issued ASU No. 2025-01, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date”, which clarified the effective date of ASU 2024-03 for non-calendar year-end companies. ASU 2024-03 will require the Company to disclose the amounts of purchases of inventory, employee compensation, depreciation and intangible asset amortization, as applicable, included in certain expense captions in the condensed consolidated statements of operations, as well as qualitatively describe remaining amounts included in those captions. ASU 2024-03 will also require the Company to disclose both the amount and the Company’s definition of selling expenses. This ASU is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 31, 2027. The Company is currently evaluating the effects of the pronouncement on its condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In December 2023, the FASB issued ASU 2023-09, “Income Taxes - Improvements to Income Tax Disclosures”, requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company adopted this pronouncement in the first quarter of Fiscal 2026 with no material impact on its condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p id="xdx_80D_eus-gaap--DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock_zB5uczRCtcDl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 3              <span id="xdx_825_zvFq2IoXGL53">DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In March 2025, in connection with the fourth Conversion Agreement (see Note 9), Forward China determined it would not renew the Buying Agency and Supply Agreement (“Sourcing Agreement”), which subsequently expired on May 9, 2025 (see Note 9). Without this agreement, the Company determined it would not continue the OEM segment of the business and committed to a plan to sell the segment. On May 16, 2025, the Company and Forward US entered into a transaction agreement with Forward China, pursuant to which: (i) the Company sold all equity interest in Forward Switzerland and Forward UK and sold certain other net assets related to Forward US’ OEM segment to Forward China to satisfy outstanding payables due to Forward China under the Sourcing Agreement; (ii) the Company and Forward China terminated the Sourcing Agreement and extended the term of the Note Payable (see Note 9) to December 31, 2025; and (iii) the Company paid Forward China $<span id="xdx_90F_ecustom--PaymentsToDivestAgreement_pp0p0_c20250301__20250331__us-gaap--TransactionTypeAxis__custom--SourcingAgreementMember_zCZwXeHIu026" title="Payment to divest of agreement">200,000</span> at closing plus $<span id="xdx_906_ecustom--PaymentsToDivestAgreement_c20250701__20250731__us-gaap--TransactionTypeAxis__custom--SourcingAgreementMember_pp0p0" title="Payment to divest of agreement"><span id="xdx_900_ecustom--PaymentsToDivestAgreement_c20250801__20250831__us-gaap--TransactionTypeAxis__custom--SourcingAgreementMember_pp0p0" title="Payment to divest of agreement"><span id="xdx_901_ecustom--PaymentsToDivestAgreement_c20250901__20250930__us-gaap--TransactionTypeAxis__custom--SourcingAgreementMember_pp0p0" title="Payment to divest of agreement">150,000</span></span></span> on each of July 31, 2025, August 31, 2025 and September 30, 2025. Results of operations for Forward Switzerland and Forward UK were included in the Company’s results of operations through and including May 16, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The sale of the OEM business was considered a strategic shift that had a significant impact on the Company’s operations and financial results. The assets and liabilities of the OEM segment were classified as assets and liabilities held for sale on the condensed consolidated balance sheets at September 30, 2025. The results of operations for the OEM segment have been classified as discontinued operations on the condensed consolidated statements of operations for the three and nine months ended June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table presents the major classes of the “income from discontinued operations, net of tax” in our condensed consolidated statement of operations for the three and nine months ended June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in"></p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zhG8cheKZ5o6" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details - Income statement)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B0_z86J6svwmZj1" style="display: none">Schedule of discontinued operations</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250401__20250630_zJIYrbSmSMtb" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20241001__20250630_zv2a9s2ZS4Kl" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">For the <br/> Three Months <br/> Ended<br/> June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">For the <br/> Nine Months <br/> Ended<br/> June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationRevenue_maDGIDOz0sx_zeUnlQUJNkch" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 46%; text-align: left">Revenues, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">845,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">5,563,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_z7ITCQmyNdGd" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">660,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,445,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss_pp0p0_zntro2YIXte7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,118,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherExpense_z6V98cL76eJ2" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Sales and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">360,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense1_zjO1j6SYkv91" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(27,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">49,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_z0FzJtwHm065" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Operating income from discontinued operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">148,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">709,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_z9xH93FS8mL4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Gain on sale of discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,406,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,406,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Income from discontinued operations</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20250401__20250630_zFidvpL4fmF7" style="border-bottom: Black 2.5pt double; text-align: right" title="Income from discontinued operations::XDX::1554331"><span style="-sec-ix-hidden: xdx2ixbrl1158">1,554,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20241001__20250630_z7sNoxklW36d" style="border-bottom: Black 2.5pt double; text-align: right" title="Income from discontinued operations::XDX::2114639"><span style="-sec-ix-hidden: xdx2ixbrl1160">2,115,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><span style="font-size: 10pt"></span></p> <p id="xdx_8A0_zPod1sqezEA2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There were no material amounts of depreciation, amortization or financing cash flow activities in the three or nine months ended June 30, 2025. Investing cash flows related to the discontinued operations for the three and nine months ended June 30, 2025 included $<span id="xdx_90F_eus-gaap--CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_c20250401__20250630_zQwAAZlwxeIi" title="Investing cash flows related discontinued operations"><span id="xdx_903_eus-gaap--CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_c20241001__20250630_zblROjlBKyHi" title="Investing cash flows related discontinued operations">200,000</span></span> paid for the sale of the OEM segment. The only significant non-cash activity for the discontinued operations in the three and nine months ended June 30, 2025 was the conversion of accounts payable to Forward China into preferred stock in February and March of 2025 (See Note 9).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> 200000 150000 150000 150000 <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zhG8cheKZ5o6" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Details - Income statement)"> <tr style="vertical-align: bottom; background-color: White"> <td><span id="xdx_8B0_z86J6svwmZj1" style="display: none">Schedule of discontinued operations</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250401__20250630_zJIYrbSmSMtb" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_496_20241001__20250630_zv2a9s2ZS4Kl" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">For the <br/> Three Months <br/> Ended<br/> June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">For the <br/> Nine Months <br/> Ended<br/> June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationRevenue_maDGIDOz0sx_zeUnlQUJNkch" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 46%; text-align: left">Revenues, net</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">845,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">5,563,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_z7ITCQmyNdGd" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of sales</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">660,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">4,445,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss_pp0p0_zntro2YIXte7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">185,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,118,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherExpense_z6V98cL76eJ2" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Sales and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">64,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">360,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense1_zjO1j6SYkv91" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General and administrative expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(27,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">49,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_z0FzJtwHm065" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Operating income from discontinued operations</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">148,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">709,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax_z9xH93FS8mL4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Gain on sale of discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,406,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,406,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Income from discontinued operations</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_980_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20250401__20250630_zFidvpL4fmF7" style="border-bottom: Black 2.5pt double; text-align: right" title="Income from discontinued operations::XDX::1554331"><span style="-sec-ix-hidden: xdx2ixbrl1158">1,554,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_984_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20241001__20250630_z7sNoxklW36d" style="border-bottom: Black 2.5pt double; text-align: right" title="Income from discontinued operations::XDX::2114639"><span style="-sec-ix-hidden: xdx2ixbrl1160">2,115,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"><span style="font-size: 10pt"></span></p> 845000 5563000 660000 4445000 185000 1118000 64000 360000 -27000 49000 148000 709000 1406000 1406000 200000 200000 <p id="xdx_801_eus-gaap--InvestmentTextBlock_zLgZgSCXbNEg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 4             <span id="xdx_82F_zMdGFQ7Zpgi4">INVESTMENT</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three months ended June 30, 2026, the Company acquired <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20260401__20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_z2LrLn2iVC77" title="Number of acquired shares">126,000</span> shares of On Re, a private tokenized reinsurance company on the Solana blockchain which is incorporated in England and Wales. The shares acquired represent approximately <span id="xdx_908_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_zKN56iKcfJ17" title="Acquired percentage">9.9</span>% of On Re’s shares on a fully diluted basis and were purchased in a combination of newly issued shares and shares purchased from existing On Re shareholders. An additional $<span id="xdx_901_eus-gaap--OtherInvestments_iI_c20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_zK4zVygiCqGl" title="Additional subscription">266,000</span> primary subscription for <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized_c20251001__20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_z40TXYjnfjR1" title="Additional shares remains">18,000</span> additional shares remains subject to regulatory approval from the Bermuda Monetary Authority. At June 30, 2026, the Company did <span id="xdx_906_eus-gaap--EquityMethodInvestmentAggregateCost_iI_do_c20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_zKZ9ncWIPy05" title="Investment cost method">no</span>t have significant influence over On Re and therefore accounted for this investment under the cost method. The investment in On Re was recorded at $<span id="xdx_902_eus-gaap--AcceleratedShareRepurchaseProgramAdjustment_c20251001__20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_z5yczmdnj9gc" title="Cash paid for shares purchased">1,901,000</span>, representing the cash paid for the shares purchased. The Company will evaluate the accounting for this investment in future periods as needed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with the Company’s investment in On Re, the Company committed to purchase up to $<span id="xdx_90D_eus-gaap--PurchaseObligation_iI_pn5n6_c20260630__us-gaap--BusinessAcquisitionAxis__custom--RePrivateTokenizedMember_zoilSjcgJsN6" title="Company committed to purchase">25</span>.0 million of On Re’s ONyc token, which is built natively and trades exclusively on the Solana blockchain. The Company’s obligation to fund this commitment is subject to the terms and conditions set forth in the applicable investment documentation. If the Company fails to fund this commitment within thirty days of the applicable deadline, the lead co-investors have the right to acquire the Company’s equity stake in On Re at the original purchase price. During the three and nine months ended June 30, 2026, the Company purchased $<span id="xdx_908_eus-gaap--PaymentsToAcquireInvestments_c20260401__20260630__us-gaap--BusinessAcquisitionAxis__custom--ReONycTokenMember_zvATTJkDR568" title="Purchase investment"><span id="xdx_90C_eus-gaap--PaymentsToAcquireInvestments_c20251001__20260630__us-gaap--BusinessAcquisitionAxis__custom--ReONycTokenMember_zrvYAS5287K4" title="Purchase investment">18,048,000</span></span> of On Re’s ONyc token. The Company has evaluated its remaining commitment in the context of its liquidity planning and believes it has adequate resources to fund this obligation, subject to market conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> 126000 0.099 266000 18000 0 1901000 25000000 18048000 18048000 <p id="xdx_800_ecustom--DigitalAssetsTextBlock_zRfE5miV3dQi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 5             <span id="xdx_824_z570m5gjhdwj">DIGITAL ASSETS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following table shows the quantity of tokens, cost basis and carrying value of digital assets held by the Company as of:</p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--CryptoAssetHoldingTableTextBlock_zBaPX9dBitQl" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - DIGITAL ASSETS (Details - Fair value)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 45%"><span id="xdx_8BB_zvPW08AG9fn2" style="display: none"> Schedule of fair value</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Quantity</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Historical Cost</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; width: 45%">SOL</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--SOLMember_zoHDQVFALXT4" style="width: 11%; text-align: right" title="Quantity of tokens">3,472,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--SOLMember_zdDfY2yWNvb2" style="width: 11%; text-align: right" title="Digital assets, cost basis">462,735,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--SOLMember_z3IKdAxXKT84" style="width: 11%; text-align: right" title="Digital assets, fair value">255,281,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2Z</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zq9i1Ciowjhc" style="text-align: right" title="Quantity of tokens">20,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zmLB47Y5YMga" style="text-align: right" title="Digital assets, cost basis">1,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zHdcH8g2tEFe" style="text-align: right" title="Digital assets, fair value">1,217,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt">other</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_984_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zbmH5nOcaIF7" style="padding-bottom: 1pt; text-align: right" title="Quantity of tokens">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zFKGmxeCMZp3" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zzGAhMpKsqg1" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Digital assets measured at fair value</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsMeasuredAtFairValueMember_zsnaPyAh3qc" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">464,744,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsMeasuredAtFairValueMember_zzkqGc3jRsi9" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">257,507,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">fwd SOL</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zaDrpXeqssJd" style="text-align: right" title="Quantity of tokens">951,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zVyF2GXyXWe4" style="text-align: right" title="Digital assets, cost basis">62,133,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zPRYIK0CHZYi" style="text-align: right" title="Digital assets, fair value">62,133,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">ONyc</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--ONycMember_z2EBHH9cE3ai" style="padding-bottom: 1pt; text-align: right" title="Quantity of tokens">16,422,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--ONycMember_z95K58L31LIj" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">17,426,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--ONycMember_zeZPO6Y4AQz5" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">17,426,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Digital assets not measured at fair value</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember_zDxI3r7oXyth" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">79,559,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember_zuiWOo1DhuR1" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">79,559,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Digital Assets</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98D_eus-gaap--CryptoAssetCost_iI_c20260630_zutLlZ17tha2" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">544,303,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--CryptoAssetFairValue_iI_c20260630_zc7hOn8Dxjt2" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">337,066,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 45%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Quantity</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Historical Cost</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left">SOL</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20250930__srt--CryptoAssetAxis__custom--SOLMember_z5cVbdQnZXE" style="width: 11%; text-align: right" title="Quantity of tokens">6,854,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--CryptoAssetCost_iI_c20250930__srt--CryptoAssetAxis__custom--SOLMember_zk8ptQNouVa8" style="width: 11%; text-align: right" title="Digital assets, cost basis">1,590,521,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--CryptoAssetFairValue_iI_c20250930__srt--CryptoAssetAxis__custom--SOLMember_zvksaFz4tZli" style="width: 11%; text-align: right" title="Digital assets, fair value">1,430,486,000</td><td style="width: 1%; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zt6H0v0vjDBc" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Restricted Digital Assets</b> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The doublezero (“2Z”) tokens are considered restricted digital assets and are subject to certain lockup restrictions through approximately October 2029. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Staked Digital Assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company had staked digital assets, including assets staked on a liquid staking platform, with a carrying value of $<span id="xdx_90C_ecustom--StakedDigitalAssets_iI_pn5n6_c20260630_zCqUSJrS17zh" title="Staked digital assets">314.1</span> million and $<span id="xdx_904_ecustom--StakedDigitalAssets_iI_pn5n6_c20250930_z5PrOhykATA5" title="Staked digital assets">1,430.5</span> million as of June 30, 2026 and September 30, 2025, respectively. The Company’s ability to sell or transfer staked digital assets is subject to restrictions related to unbonding periods, which are based on network traffic on the Solana blockchain. As of June 30, 2026, the majority of the Company’s staked digital assets on the Solana blockchain could be unbonded within three days. The staking rewards generated from proprietary staking activities for the three and nine months ended June 30, 2026 were $<span id="xdx_90F_ecustom--StakingActivityRewards_pp0p0_c20260401__20260630_zRVNcm359Ew7" title="Staking activity rewards">7,345,000</span> and $<span id="xdx_90A_ecustom--StakingActivityRewards_pp0p0_c20251001__20260630_zUUi292LERH3" title="Staking activity rewards">34,060,000</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--CryptoAssetHoldingTableTextBlock_zBaPX9dBitQl" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - DIGITAL ASSETS (Details - Fair value)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 45%"><span id="xdx_8BB_zvPW08AG9fn2" style="display: none"> Schedule of fair value</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30, 2026</td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Quantity</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Historical Cost</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; width: 45%">SOL</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--SOLMember_zoHDQVFALXT4" style="width: 11%; text-align: right" title="Quantity of tokens">3,472,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98E_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--SOLMember_zdDfY2yWNvb2" style="width: 11%; text-align: right" title="Digital assets, cost basis">462,735,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_984_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--SOLMember_z3IKdAxXKT84" style="width: 11%; text-align: right" title="Digital assets, fair value">255,281,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">2Z</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zq9i1Ciowjhc" style="text-align: right" title="Quantity of tokens">20,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zmLB47Y5YMga" style="text-align: right" title="Digital assets, cost basis">1,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--Z2Member_zHdcH8g2tEFe" style="text-align: right" title="Digital assets, fair value">1,217,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt">other</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_984_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zbmH5nOcaIF7" style="padding-bottom: 1pt; text-align: right" title="Quantity of tokens">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zFKGmxeCMZp3" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_983_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--OtherMember_zzGAhMpKsqg1" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">1,009,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Digital assets measured at fair value</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsMeasuredAtFairValueMember_zsnaPyAh3qc" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">464,744,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_986_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsMeasuredAtFairValueMember_zzkqGc3jRsi9" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">257,507,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">fwd SOL</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zaDrpXeqssJd" style="text-align: right" title="Quantity of tokens">951,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zVyF2GXyXWe4" style="text-align: right" title="Digital assets, cost basis">62,133,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--FwdSOLMember_zPRYIK0CHZYi" style="text-align: right" title="Digital assets, fair value">62,133,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">ONyc</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td id="xdx_989_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20260630__srt--CryptoAssetAxis__custom--ONycMember_z2EBHH9cE3ai" style="padding-bottom: 1pt; text-align: right" title="Quantity of tokens">16,422,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--ONycMember_z95K58L31LIj" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">17,426,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--ONycMember_zeZPO6Y4AQz5" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">17,426,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Digital assets not measured at fair value</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--CryptoAssetCost_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember_zDxI3r7oXyth" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">79,559,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--CryptoAssetFairValue_iI_c20260630__srt--CryptoAssetAxis__custom--DigitalAssetsNotMeasuredAtFairValueMember_zuiWOo1DhuR1" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">79,559,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Total Digital Assets</td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt; text-align: right"> </td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98D_eus-gaap--CryptoAssetCost_iI_c20260630_zutLlZ17tha2" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, cost basis">544,303,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--CryptoAssetFairValue_iI_c20260630_zc7hOn8Dxjt2" style="border-bottom: Black 1pt solid; text-align: right" title="Digital assets, fair value">337,066,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><span style="font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 45%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">September 30, 2025</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Quantity</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Historical Cost</td><td style="padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; text-align: center">Carrying Value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 45%; text-align: left">SOL</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98B_eus-gaap--CryptoAssetNumberOfUnits_iI_uInteger_c20250930__srt--CryptoAssetAxis__custom--SOLMember_z5cVbdQnZXE" style="width: 11%; text-align: right" title="Quantity of tokens">6,854,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_980_eus-gaap--CryptoAssetCost_iI_c20250930__srt--CryptoAssetAxis__custom--SOLMember_zk8ptQNouVa8" style="width: 11%; text-align: right" title="Digital assets, cost basis">1,590,521,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--CryptoAssetFairValue_iI_c20250930__srt--CryptoAssetAxis__custom--SOLMember_zvksaFz4tZli" style="width: 11%; text-align: right" title="Digital assets, fair value">1,430,486,000</td><td style="width: 1%; text-align: left"> </td></tr> </table> 3472000 462735000 255281000 20000000 1000000 1217000 1009000 1009000 1009000 464744000 257507000 951000 62133000 62133000 16422000 17426000 17426000 79559000 79559000 544303000 337066000 6854000 1590521000 1430486000 314100000 1430500000 7345000 34060000 <p id="xdx_80D_eus-gaap--SegmentReportingDisclosureTextBlock_zTnR3PN4nKL2" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 6             <span id="xdx_822_zyU3mnIM13ia">SEGMENTS AND CONCENTRATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As a result of our new digital asset treasury strategy and discontinuing the OEM segment, the Company now has <span id="xdx_905_eus-gaap--NumberOfReportableSegments_dxL_uInteger_c20251001__20260630_zYRSZYh9lFv5" title="Number of reportable segments::XDX::2"><span style="-sec-ix-hidden: xdx2ixbrl1253">two</span></span> reportable segments: digital assets and design. See Note 2 for more information on the composition and accounting policies of our reportable segments. The results of the OEM segment were classified as discontinued operations as discussed in Note 3. The prior year segment disclosures have been reformatted from what was previously disclosed to conform to the current year presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company’s Chief Executive Officer serves as the Chief Operating Decision Maker (“CODM”) and evaluates the financial performance of the business and makes resource allocation decisions on the basis of revenue, gross profit and net loss from continuing operations before income taxes for each reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The tables below represent the primary measure of segment performance evaluated by the CODM, as well as additional measures that are regularly provided to the CODM on a segment level.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></p> <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z8WHAyEuwt29" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Primary measure of segment performance)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zeQVEiPLsBW8" style="display: none">Schedule of segment performance</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_z1vkkSCFvrig" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zVibOLhi3KTi" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zT35Od6qlFN4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zaCXA8LxtmLb" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Digital Assets Segment</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40A_eus-gaap--Revenues_d0_ziwyPsuFUCal" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,345,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">34,060,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--CostOfRevenue_d0_z86vZppS3ZK7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of revenues</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,368,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,584,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GrossProfit_d0_zENB4vVTrFmb" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,977,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,476,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AssetManagementFees_d0_zZjBcUhaROY" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Asset management fees <span id="xdx_F4B_zw7RoUvadVf">(a)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,666,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AssetImpairmentCharges_d0_zGxkFIS6zih6" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Impairment of digital assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,222,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">133,359,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CryptoAssetRealizedGainLossOperating1_d0_zAJOovesuKp4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss on digital assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,753,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,672,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DerivativeGainLossOnDerivativeNet_d0_zfe558tJQcdb" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Derivative loss, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,561,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,292,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InterestAndOtherIncome_iN_di0_zc39MG4p5vci" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Interest income</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(37,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(631,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossAttributableToParent_d0_zVrbwAyI0rcd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Loss from continuing operations before income taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(64,342,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(921,882,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zcH7IMV0kzo" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zr2zVZrRTBOc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zQqIwPB4wa2a" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zkxKj3iXCL6" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"></td><td style="text-align: center; padding-bottom: 1pt"><b> </b></td> <td colspan="15" style="border-bottom: Black 1pt solid; text-align: center"><b>Design Segment</b></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>For the Three Months Ended June 30,</b></td><td style="text-align: center; padding-bottom: 1pt"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><b>For the Nine Months Ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_400_eus-gaap--Revenues_zDyDWjagDnv1" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,435,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,495,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">11,116,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">10,242,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CostOfRevenue_ziC6mIImErn3" style="vertical-align: bottom; background-color: White"> <td>Cost of revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,687,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,086,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,928,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,820,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DepreciationAndAmortization_iP3us-gaap--CostOfRevenue_zPdwInaZuyUd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation expense <span id="xdx_F4C_zTCYJqSPMqc6">(a)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">30,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">89,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zOqDyBFrGq9f" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">727,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(621,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,149,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">333,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--SellingAndMarketingExpense_iP3us-gaap--GrossProfit_zRyyZISpn5h7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Sales and marketing personnel costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">154,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">321,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--SalesPromotionAndMarketingExpenses_iP3us-gaap--SellingAndMarketingExpense_zjDN0e5HPCxa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Sales promotion and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">339,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">127,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--GeneralAndAdministrativeExpense_iP3custom--SalesPromotionAndMarketingExpenses_zTW0yQDLBxQ6" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">General and administrative personnel costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">327,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">954,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,591,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OccupancyNet_iP3us-gaap--GeneralAndAdministrativeExpense_zCm0lVfcBhNi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Occupancy costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">104,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">439,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">502,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AdjustmentForAmortization_iP3us-gaap--OccupancyNet_d0_zk6eEYyTxTag" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Amortization expense <span id="xdx_F4E_zQfrKEbIF213">(a)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">160,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--GoodwillAndIntangibleAssetImpairment_iP3us-gaap--AdjustmentForAmortization_d0_zVPLEVSeMohc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of goodwill and intangible assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">225,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--InterestAndOtherIncome_iN_di_zAEadl5lv323" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(35,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OtherExpenses_iP3us-gaap--InterestAndOtherIncome_zh8Ba7Nklzj6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other segment expenses <span id="xdx_F49_z5KWinnxinae">(b)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">116,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">386,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">469,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--IncomeLossAttributableToParent_zhyhxvMjPEMh" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Loss from continuing operations before income taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(42,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,552,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(115,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(3,027,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zotQTFoluWa2" style="width: 0.25in">(a)</td> <td id="xdx_F1D_zCxQkRedsTl7">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.</td></tr> <tr style="vertical-align: top"> <td id="xdx_F0B_zTFDYZA7a911">(b)</td> <td id="xdx_F15_zcHqulGPa4S4">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.</td></tr> </table> <p id="xdx_8A0_zIeO2W2yEjG1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The following table is a reconciliation of segment income/loss from continuing operations before taxes to our condensed consolidated loss from continuing operations before taxes.</p> <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_zSV2JF0tizY" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Reconciliation of segment loss)"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left; width: 40%"><span id="xdx_8BA_zDrL7BG9znTa" style="display: none"> Schedule of reconciliation of segment loss</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"><b> </b></td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>For the Three Months Ended June 30,</b></td><td style="padding-bottom: 1pt; text-align: center"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><b>For the Nine Months Ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 40%; text-align: left">Digital asset segment loss from continuing operations before taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zIixjBqTKNmf" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">(64,342,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_d0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zkCV2xEBuE4h" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zvMgbGivMgWa" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">(921,882,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_d0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_z7UOAxcNE7r2" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Design segment loss from continuing operations before taxes</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zw9rzuLSdd6a" style="text-align: right" title="loss from continuing operations before income taxes">(42,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zgfSOUxzfYLc" style="text-align: right" title="loss from continuing operations before income taxes">(1,552,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zmHDtixOEqHh" style="text-align: right" title="loss from continuing operations before income taxes">(115,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zwU9rbECv1S3" style="text-align: right" title="loss from continuing operations before income taxes">(3,027,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Corporate and other non-segment expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zxTy0o9tb51a" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(6,308,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zcqGnwUjlF11" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(852,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zaeBDDApACri" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(15,615,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_z16qdPRkUD09" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(2,097,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Consolidated loss from continuing operations before taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20260401__20260630_zvCIrjEVDXAi" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-70691273"><span style="-sec-ix-hidden: xdx2ixbrl1398">(70,692,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20250401__20250630_zgYHOTm7mtZk" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-2404353"><span style="-sec-ix-hidden: xdx2ixbrl1400">(2,404,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20251001__20260630_zl1vAvkcTJjk" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-937612060"><span style="-sec-ix-hidden: xdx2ixbrl1402">(937,612,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20241001__20250630_zk19sNn1k6Be" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-5124337"><span style="-sec-ix-hidden: xdx2ixbrl1404">(5,124,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p id="xdx_8A3_z8dXnNjm9xP5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Segment assets are shown in the table below and consist of digital assets, derivative assets and accounts receivable.</p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zqpEXC1KvGv8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Segment assets)"> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%"><span id="xdx_8B1_zF1Nlrn7IpK6" style="display: none"> Schedule of segment assets</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">September 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Digital assets segment</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DigitalAssetsSegmentMember_z5HFI6NLZeB5" style="text-align: right" title="General corporate assets">581,644,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DigitalAssetsSegmentMember_zct4gUshrake" style="text-align: right" title="General corporate assets">1,430,486,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Design segment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DesignSegmentMember_z5QUzqXttEna" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">1,917,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DesignSegmentMember_zzZGfIXQZgYf" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">3,380,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Total segment assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember_zglGaEfvIZc8" style="text-align: right" title="General corporate assets">583,561,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember_zKE6YRx0c555" style="text-align: right" title="General corporate assets">1,433,866,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General corporate assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--SubsegmentsConsolidationItemsAxis__custom--GeneralCorporateAssetsMember_zxpgcU0dbkwi" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">18,974,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--SubsegmentsConsolidationItemsAxis__custom--GeneralCorporateAssetsMember_zUgNOlLkJCt4" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">41,076,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--Assets_iI_pp0p0_dxL_c20260630_zre2a63ujKei" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets::XDX::602534664"><span style="-sec-ix-hidden: xdx2ixbrl1424">602,535,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_iI_pp0p0_dxL_c20250930_zcVScOaSGdn7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets::XDX::1474942489"><span style="-sec-ix-hidden: xdx2ixbrl1426">1,474,942,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A1_zcuMYzLtPmn9" style="margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">No customers represented more than <span id="xdx_903_eus-gaap--ConcentrationRiskPercentage1_dp_c20260401__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomersMember_zEdl4Rz6QYye"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20251001__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--CustomersMember_zY8XX4EIeDN7">10</span></span>% of the Company’s consolidated net revenues for the three and nine months ended June 30, 2026. Revenues from two design customers represented <span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20250401__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoDesignSegmentCustomerMember_zbjZKJEeWE12">32.4</span>% of the Company’s consolidated net revenues for the three months ended June 30, 2025. Revenues from three design customers represented <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20241001__20250630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--ThreeDesignSegmentCustomerMember_zVNA2VrWOks1">42.5</span>% of the Company’s consolidated net revenues for the nine months ended June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Accounts receivable from two design segment customers represented <span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20251001__20260630__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--TwoDesignSegmentCustomerMember_zjvAlIQsk37k" title="Concentration of credit risk">59.1</span>% of the Company’s consolidated accounts receivable at June 30, 2026. Accounts receivable from three design segment customers represented <span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20241001__20250930__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__srt--MajorCustomersAxis__custom--ThreeDesignSegmentCustomerMember_z0HPK0DCwWka" title="Concentration of credit risk">49.4</span>% of the Company’s consolidated accounts receivable at September 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There was no concentration of revenue or accounts receivable with any customers in our digital assets segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z8WHAyEuwt29" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Primary measure of segment performance)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_8B8_zeQVEiPLsBW8" style="display: none">Schedule of segment performance</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_z1vkkSCFvrig" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_494_20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zVibOLhi3KTi" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49C_20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zT35Od6qlFN4" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_498_20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zaCXA8LxtmLb" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="15" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Digital Assets Segment</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40A_eus-gaap--Revenues_d0_ziwyPsuFUCal" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">7,345,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">34,060,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--CostOfRevenue_d0_z86vZppS3ZK7" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Cost of revenues</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,368,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">3,584,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--GrossProfit_d0_zENB4vVTrFmb" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,977,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">30,476,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AssetManagementFees_d0_zZjBcUhaROY" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Asset management fees <span id="xdx_F4B_zw7RoUvadVf">(a)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">820,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,666,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AssetImpairmentCharges_d0_zGxkFIS6zih6" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Impairment of digital assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">15,222,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">133,359,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CryptoAssetRealizedGainLossOperating1_d0_zAJOovesuKp4" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Loss on digital assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">49,753,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">811,672,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--DerivativeGainLossOnDerivativeNet_d0_zfe558tJQcdb" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Derivative loss, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,561,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,292,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--InterestAndOtherIncome_iN_di0_zc39MG4p5vci" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Interest income</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(37,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(631,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--IncomeLossAttributableToParent_d0_zVrbwAyI0rcd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Loss from continuing operations before income taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(64,342,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(921,882,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">–</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zcH7IMV0kzo" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_497_20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zr2zVZrRTBOc" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_490_20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zQqIwPB4wa2a" style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49A_20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zkxKj3iXCL6" style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"></td><td style="text-align: center; padding-bottom: 1pt"><b> </b></td> <td colspan="15" style="border-bottom: Black 1pt solid; text-align: center"><b>Design Segment</b></td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"></td><td style="text-align: center; font-weight: bold; padding-bottom: 1pt"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>For the Three Months Ended June 30,</b></td><td style="text-align: center; padding-bottom: 1pt"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><b>For the Nine Months Ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_400_eus-gaap--Revenues_zDyDWjagDnv1" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 40%">Revenues</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">3,435,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">2,495,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">11,116,000</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 11%; text-align: right">10,242,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--CostOfRevenue_ziC6mIImErn3" style="vertical-align: bottom; background-color: White"> <td>Cost of revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,687,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,086,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,928,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,820,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--DepreciationAndAmortization_iP3us-gaap--CostOfRevenue_zPdwInaZuyUd" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Depreciation expense <span id="xdx_F4C_zTCYJqSPMqc6">(a)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">21,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">30,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">39,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">89,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zOqDyBFrGq9f" style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-align: left">Gross profit</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">727,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(621,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,149,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">333,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--SellingAndMarketingExpense_iP3us-gaap--GrossProfit_zRyyZISpn5h7" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Sales and marketing personnel costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">70,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">154,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">321,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--SalesPromotionAndMarketingExpenses_iP3us-gaap--SellingAndMarketingExpense_zjDN0e5HPCxa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Sales promotion and marketing expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">157,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">32,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">339,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">127,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--GeneralAndAdministrativeExpense_iP3custom--SalesPromotionAndMarketingExpenses_zTW0yQDLBxQ6" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">General and administrative personnel costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">327,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">450,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">954,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,591,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--OccupancyNet_iP3us-gaap--GeneralAndAdministrativeExpense_zCm0lVfcBhNi" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Occupancy costs</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">104,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">167,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">439,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">502,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AdjustmentForAmortization_iP3us-gaap--OccupancyNet_d0_zk6eEYyTxTag" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Amortization expense <span id="xdx_F4E_zQfrKEbIF213">(a)</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">53,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">160,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--GoodwillAndIntangibleAssetImpairment_iP3us-gaap--AdjustmentForAmortization_d0_zVPLEVSeMohc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Impairment of goodwill and intangible assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">–</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">225,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--InterestAndOtherIncome_iN_di_zAEadl5lv323" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Interest income</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(5,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(35,000</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OtherExpenses_iP3us-gaap--InterestAndOtherIncome_zh8Ba7Nklzj6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Other segment expenses <span id="xdx_F49_z5KWinnxinae">(b)</span></td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">116,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">128,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">386,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">469,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--IncomeLossAttributableToParent_zhyhxvMjPEMh" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Loss from continuing operations before income taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(42,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(1,552,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(115,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(3,027,000</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td id="xdx_F07_zotQTFoluWa2" style="width: 0.25in">(a)</td> <td id="xdx_F1D_zCxQkRedsTl7">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.</td></tr> <tr style="vertical-align: top"> <td id="xdx_F0B_zTFDYZA7a911">(b)</td> <td id="xdx_F15_zcHqulGPa4S4">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.</td></tr> </table> 7345000 0 34060000 0 1368000 0 3584000 0 5977000 0 30476000 0 820000 0 3666000 0 15222000 0 133359000 0 49753000 0 811672000 0 4561000 0 4292000 0 37000 -0 631000 -0 -64342000 0 -921882000 0 3435000 2495000 11116000 10242000 2687000 3086000 8928000 9820000 21000 30000 39000 89000 727000 -621000 2149000 333000 70000 108000 154000 321000 157000 32000 339000 127000 327000 450000 954000 1591000 104000 167000 439000 502000 0 53000 0 160000 0 0 0 225000 5000 7000 8000 35000 116000 128000 386000 469000 -42000 -1552000 -115000 -3027000 <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_zSV2JF0tizY" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Reconciliation of segment loss)"> <tr style="vertical-align: bottom"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left; width: 40%"><span id="xdx_8BA_zDrL7BG9znTa" style="display: none"> Schedule of reconciliation of segment loss</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 11%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1pt; font-weight: bold; text-align: center"><b> </b></td><td style="padding-bottom: 1pt; text-align: center; font-weight: bold"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><b>For the Three Months Ended June 30,</b></td><td style="padding-bottom: 1pt; text-align: center"><b> </b></td> <td colspan="7" style="border-bottom: Black 1pt solid; text-align: center"><b>For the Nine Months Ended June 30,</b></td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 10pt; width: 40%; text-align: left">Digital asset segment loss from continuing operations before taxes</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_989_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zIixjBqTKNmf" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">(64,342,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_983_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_d0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zkCV2xEBuE4h" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">–</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zvMgbGivMgWa" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">(921,882,000</td><td style="width: 1%; text-align: left">)</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_d0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_z7UOAxcNE7r2" style="width: 11%; text-align: right" title="loss from continuing operations before income taxes">–</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 10pt; text-align: left">Design segment loss from continuing operations before taxes</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zw9rzuLSdd6a" style="text-align: right" title="loss from continuing operations before income taxes">(42,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zgfSOUxzfYLc" style="text-align: right" title="loss from continuing operations before income taxes">(1,552,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zmHDtixOEqHh" style="text-align: right" title="loss from continuing operations before income taxes">(115,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DesignSegmentMember_zwU9rbECv1S3" style="text-align: right" title="loss from continuing operations before income taxes">(3,027,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 1pt">Corporate and other non-segment expenses</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zxTy0o9tb51a" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(6,308,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20250401__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zcqGnwUjlF11" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(852,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_zaeBDDApACri" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(15,615,000</td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_c20241001__20250630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__us-gaap--CorporateAndOtherMember_z16qdPRkUD09" style="border-bottom: Black 1pt solid; text-align: right" title="Corporate and other non-segment expenses">(2,097,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Consolidated loss from continuing operations before taxes</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20260401__20260630_zvCIrjEVDXAi" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-70691273"><span style="-sec-ix-hidden: xdx2ixbrl1398">(70,692,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98A_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20250401__20250630_zgYHOTm7mtZk" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-2404353"><span style="-sec-ix-hidden: xdx2ixbrl1400">(2,404,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20251001__20260630_zl1vAvkcTJjk" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-937612060"><span style="-sec-ix-hidden: xdx2ixbrl1402">(937,612,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_986_eus-gaap--IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_pp0p0_dxL_c20241001__20250630_zk19sNn1k6Be" style="border-bottom: Black 2.5pt double; text-align: right" title="Consolidated loss from continuing operations before taxes::XDX::-5124337"><span style="-sec-ix-hidden: xdx2ixbrl1404">(5,124,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> -64342000 0 -921882000 0 -42000 -1552000 -115000 -3027000 -6308000 -852000 -15615000 -2097000 <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zqpEXC1KvGv8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SEGMENTS AND CONCENTRATIONS (Details - Segment assets)"> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 66%"><span id="xdx_8B1_zF1Nlrn7IpK6" style="display: none"> Schedule of segment assets</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">September 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Digital assets segment</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DigitalAssetsSegmentMember_z5HFI6NLZeB5" style="text-align: right" title="General corporate assets">581,644,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_986_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DigitalAssetsSegmentMember_zct4gUshrake" style="text-align: right" title="General corporate assets">1,430,486,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Design segment</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98F_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DesignSegmentMember_z5QUzqXttEna" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">1,917,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember__srt--ProductOrServiceAxis__custom--DesignSegmentMember_zzZGfIXQZgYf" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">3,380,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left">Total segment assets</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember_zglGaEfvIZc8" style="text-align: right" title="General corporate assets">583,561,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--StatementBusinessSegmentsAxis__custom--TotalSegmentAssetsMember_zKE6YRx0c555" style="text-align: right" title="General corporate assets">1,433,866,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">General corporate assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98A_eus-gaap--Assets_iI_pp0p0_c20260630__us-gaap--SubsegmentsConsolidationItemsAxis__custom--GeneralCorporateAssetsMember_zxpgcU0dbkwi" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">18,974,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--Assets_iI_pp0p0_c20250930__us-gaap--SubsegmentsConsolidationItemsAxis__custom--GeneralCorporateAssetsMember_zUgNOlLkJCt4" style="border-bottom: Black 1pt solid; text-align: right" title="General corporate assets">41,076,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-left: 10pt; text-align: left; padding-bottom: 2.5pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98C_eus-gaap--Assets_iI_pp0p0_dxL_c20260630_zre2a63ujKei" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets::XDX::602534664"><span style="-sec-ix-hidden: xdx2ixbrl1424">602,535,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--Assets_iI_pp0p0_dxL_c20250930_zcVScOaSGdn7" style="border-bottom: Black 2.5pt double; text-align: right" title="Total assets::XDX::1474942489"><span style="-sec-ix-hidden: xdx2ixbrl1426">1,474,942,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 581644000 1430486000 1917000 3380000 583561000 1433866000 18974000 41076000 0.10 0.10 0.324 0.425 0.591 0.494 <p id="xdx_800_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_z4BtY6sWu744" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">NOTE 7             <span id="xdx_821_z0KD0aXiqNP7">SHAREHOLDERS’ EQUITY</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>At-the-Market Offering</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">On September 16, 2025, the Company entered into a Controlled Equity Offering Sales Agreement (the “ATM”) with Cantor Fitzgerald &amp; Company (“Cantor”), as principal and/or agent, pursuant to which it may offer and sell, from time to time, through Cantor, shares of its common stock, having an aggregate offering price of up to $4 billion. Shares will be issued and sold pursuant to the Company’s effective registration statement on Form S-3 as previously filed with, and declared effective by, the SEC. The Company filed a prospectus supplement, dated September 16, 2025, with the SEC in connection with the offer and sale of shares under the ATM. We pay Cantor a commission of up to 3% of the gross proceeds from each sale of shares under the ATM. During the three months ended June 30, 2026, we sold <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20260401__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember_z5bIqDCaDuo1" title="Stock issued new, shares">94,000</span> shares of common stock under the ATM for gross proceeds of $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOrSaleOfEquity_c20260401__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember_z3g3bbWWitkf" title="Gross proceeds">435,000</span> and incurred fees related to the ATM of $<span id="xdx_903_eus-gaap--PaymentsOfStockIssuanceCosts_c20260401__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember__us-gaap--TransactionTypeAxis__custom--ReductionToAdditionalPaidInCapitalMember_zukzvpSRPtAg" title="Incurred fees">11,000</span>, which have been recorded as a reduction to additional paid-in capital on the condensed consolidated financial statements. During the nine months ended June 30, 2026, we sold <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20251001__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember_zgRTg6NLSXT3" title="Stock issued new, shares">406,000</span> shares of common stock under the ATM for gross proceeds of $<span id="xdx_904_eus-gaap--ProceedsFromIssuanceOrSaleOfEquity_c20251001__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember_zXYTCp1Mlpq5" title="Gross proceeds">8,084,000</span> and incurred fees related to the ATM of $<span id="xdx_907_eus-gaap--PaymentsOfStockIssuanceCosts_c20251001__20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember__us-gaap--TransactionTypeAxis__custom--ReductionToAdditionalPaidInCapitalMember_zPr3NRwkk5Ab" title="Incurred fees">202,000</span>, which have been recorded as a reduction to additional paid-in capital on the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Shares Reserved for Future Issuance</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">At June 30, 2026, the Company had a total of <span id="xdx_90A_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_c20260630_zWZXfdAgvoqa" title="Shares reserved for future issuance">127,675,836</span> shares reserved for future issuance as follows: (i) <span id="xdx_903_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_c20260630__us-gaap--SubsidiarySaleOfStockAxis__custom--AtTheMarketOfferingMember_zBQ9loEif5Q3" title="Shares reserved for future issuance">102,034,846</span> shares related to the ATM, (ii) <span id="xdx_90F_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_c20260630__us-gaap--StatementClassOfStockAxis__custom--PreFundedWarrantsMember_zhE2YhgZiyPi" title="Shares reserved for future issuance">12,264,602</span> shares related to pre-funded warrants, and (iii) <span id="xdx_904_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_c20260630__us-gaap--StatementClassOfStockAxis__custom--OtherWarrantsMember_zmXJMAnpbFV2" title="Shares reserved for future issuance">13,376,388</span> shares related to other warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Tokenization of Common Stock</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">In September 2025, the Company entered into a digital transfer agent agreement with Superstate Services LLC (“Superstate”) as its co-transfer agent, to give shareholders the ability to tokenize their holdings of the Company’s common stock on the Solana blockchain. Any tokenized shares are recorded and maintained by Superstate and represent the same ownership interests as the corresponding shares of the Company’s common stock. At June 30, 2026, approximately <span id="xdx_906_ecustom--CommonStockTokenized_iI_c20260630_zF1aEqpvzzU3" title="Common stock tokenized">7,290,000</span> shares of the Company’s common stock had been tokenized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Share Repurchases</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">In November 2025, the Company’s Board of Directors authorized a share repurchase program permitting the Company to purchase up to $<span id="xdx_90A_esrt--StockRepurchaseProgramAuthorizedAmount1_iI_pn9n9_c20251130_zwOqQB8SVFl8" title="Purchase of common stock">1</span> billion of its common stock through September 30, 2027. Repurchases may be made from time to time through open-market purchases, block trades, and/or privately negotiated transactions (including accelerated share repurchases), and may include Rule 10b5-1 trading plans. Any repurchase will be executed in compliance with Rule 10b-18 of the Securities Exchange Act of 1934. The Company may determine the timing, amount and method of repurchases based on market conditions, share price, legal and regulatory requirements, and other considerations in its sole discretion. The program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended or terminated at any time.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">During the three months ended June 30, 2026, the Company executed open market purchases of <span id="xdx_904_eus-gaap--TreasuryStockSharesAcquired_c20260401__20260630_zuEJYUIL7TC7" title="Treasury stock acquired">2,561,000</span> shares at an average cost of $<span id="xdx_902_eus-gaap--TreasuryStockAcquiredAverageCostPerShare_c20260401__20260630_z2Iu1iZXo6Bb" title="Average cost per share">4.62</span> per share for an aggregate cost of $<span id="xdx_909_eus-gaap--TreasuryStockValueAcquiredCostMethod_c20260401__20260630_zr3d89pMAuZ2" title="Aggregate cost of treasury stock">11,840,000</span>, inclusive of fees, which was recorded as a component of treasury stock. During the nine months ended June 30, 2026, the Company executed open market purchases of <span id="xdx_907_eus-gaap--TreasuryStockSharesAcquired_c20251001__20260630_zMUxUJuTBs6b">7,152,000</span> shares at an average cost of $<span id="xdx_909_eus-gaap--TreasuryStockAcquiredAverageCostPerShare_c20251001__20260630_zRRMrNKvs6Vf" title="Average cost per share">5.94</span> per share for an aggregate cost of $<span id="xdx_905_eus-gaap--TreasuryStockValueAcquiredCostMethod_c20251001__20260630_zOS9OV9QJgv3">42,493,000</span>, inclusive of fees, which was recorded as a component of treasury stock. Open market share repurchases were facilitated with Galaxy Securities LLC as broker, a related party (See Note 9).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">In addition to the open market purchases described above, in March 2026, the Company entered into a privately negotiated repurchase with Multicoin Capital Master Fund, LP (“Multicoin”), an institutional investor and related party (see Note 9), pursuant to which the Company repurchased <span id="xdx_901_eus-gaap--StockRepurchasedAndRetiredDuringPeriodShares_c20260301__20260331__dei--LegalEntityAxis__custom--MulticoinCapitalMasterFundLPMember_zT10ndAtGofi" title="Number of shares repurchased">6,164,000</span> shares of its common stock at a price of $<span id="xdx_905_eus-gaap--SharePrice_iI_c20260331__dei--LegalEntityAxis__custom--MulticoinCapitalMasterFundLPMember_zam3NrHwphG" title="Share price">4.44</span> per share for an aggregate cost of $<span id="xdx_90B_eus-gaap--StockRepurchasedAndRetiredDuringPeriodValue_c20260301__20260331__dei--LegalEntityAxis__custom--MulticoinCapitalMasterFundLPMember_ztuyYsReeBN4" title="Number of shares repurchased, value">27,370,000</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>“Blank Check” Preferred Stock</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">The Company is authorized to issue up to <span id="xdx_908_eus-gaap--PreferredStockSharesAuthorized_iI_c20260630__us-gaap--StatementClassOfStockAxis__custom--BlankCheckPreferredStockMember_zRjry4Jo3bge" title="Preferred stock authorized">4,000,000</span> shares of “blank check” preferred stock. The Board has the authority and discretion, without shareholder approval, to issue preferred stock in one or more series for any consideration it deems appropriate, and to fix the relative rights and preferences thereof including their redemption, dividend and conversion rights.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>2021 Equity Incentive Plan</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">On March 3, 2026, shareholders of the Company approved an amendment to increase the shares available for future issuance under the 2021 Equity Incentive Plan to <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_c20260303__us-gaap--PlanNameAxis__custom--EquityIncentivePlan2021Member_zkuR9Nu0eba" title="Shares authorized under plan">8,724,667</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Stock Options</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the nine months ended June 30, 2026, the Company granted options to management to purchase an aggregate of <span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20251001__20260630__srt--CounterpartyNameAxis__custom--CompanyManagementMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zRpitZfpvYy1" title="Options granted during period">1,186,606</span> shares of its common stock at a weighted average exercise price of $10.32 per share. The options vest in quarterly installments over a vesting period ranging from one to four years from the date of grant and expire between 5 and 10 years from the date of the grant. The options have a weighted average grant-date fair value of $<span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20251001__20260630__srt--CounterpartyNameAxis__custom--CompanyManagementMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zuhy35SkktU4" title="Options granted during period, exercise price">2.99</span> per share and an aggregate grant-date fair value of $<span id="xdx_905_eus-gaap--DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense_c20251001__20260630__srt--CounterpartyNameAxis__custom--CompanyManagementMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zJJK4hHOxIW4" title="Options granted during period, value">3,554,000</span>, which will be recognized, net of forfeitures, ratably over the vesting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the nine months ended June 30, 2026, the Company granted options to non-employee directors to purchase an aggregate of <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_c20251001__20260630__srt--CounterpartyNameAxis__custom--NonEmployeeDirectorsMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zl6O6ooGVZgd" title="Options granted during period">400,000</span> shares of its common stock at a weighted average exercise price of $5.02 per share. The options vest in quarterly installments over a period of one year from the date of grant and expire five years from the date of the grant. The options have a weighted average grant-date fair value of $<span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20251001__20260630__srt--CounterpartyNameAxis__custom--NonEmployeeDirectorsMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zFcJRrj0Addj">3.06</span> per share and an aggregate grant-date fair value of $<span id="xdx_908_eus-gaap--DeferredCompensationArrangementWithIndividualAllocatedShareBasedCompensationExpense_c20251001__20260630__srt--CounterpartyNameAxis__custom--NonEmployeeDirectorsMember__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zQScaZ7dMzP6">1,223,000</span>, which will be recognized, net of forfeitures, ratably over the vesting period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white">In applying the Black-Scholes option pricing model to options granted during fiscal 2026, the Company used the following assumptions:</p> <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_z3pGC2TmMZwk" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 70%; margin-right: auto" summary="xdx: Disclosure - SHAREHOLDERS' EQUITY (Details - Assumptions)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B8_zntHR2yi6Ceh" style="display: none"> Schedule of assumptions</span></td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 53%; text-align: left">Expected term (years)</td><td style="width: 2%"> </td> <td style="width: 15%; text-align: center"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zknwUyuRGPM" title="Expected term (years)">2.6 - 7.0</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected volatility</td><td> </td> <td style="text-align: center"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhOsGwQ1uTua" title="Expected volatility rate, minimum">81.0</span>% - <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zkNNFUujwG2g" title="Expected volatility rate, maximum">101.0</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUBhWmRy9l8i" title="Risk free interest rate, minimum">3.6</span>% - <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zkhJmBFiFNHa" title="Risk free interest rate, maximum">4.1</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividends</td><td> </td> <td style="text-align: center"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_dp0_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zio57b5ZUMtc" title="Expected dividends">–</span></td></tr> </table> <p id="xdx_8A9_zpvxXkbIvpCh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.25in; text-align: justify; text-indent: 0.25in; background-color: white"><span style="font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="background-color: white">The Company recognized compensation expense for stock option awards of $<span id="xdx_90D_eus-gaap--ShareBasedCompensation_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zfC9p5OLCrwg" title="Share-based compensation expense">1,425,000</span> during the three months ended June 30, 2026, of which $<span id="xdx_901_eus-gaap--ShareBasedCompensation_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--NatureOfExpenseAxis__custom--SalesAndMarketingMember_z0uTkzpNw5b2" title="Share-based compensation expense">337,000</span> was recorded as a component of sales and marketing expenses and $<span id="xdx_90F_eus-gaap--ShareBasedCompensation_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--NatureOfExpenseAxis__custom--GeneralAndAdministrativeMember_zTUs5wD564u9" title="Share-based compensation expense">1,088,000</span> was recorded as a component of general and administrative expenses in its condensed consolidated statements of operations. The Company recognized compensation expense for stock option awards of $<span id="xdx_90D_eus-gaap--ShareBasedCompensation_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zRt4KSs689P5" title="Share-based compensation expense">1,980,000</span> during the nine months ended June 30, 2026, of which $<span id="xdx_90C_eus-gaap--ShareBasedCompensation_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--NatureOfExpenseAxis__custom--SalesAndMarketingMember_zJCUTQ5gJfvf" title="Share-based compensation expense">593,000</span> was recorded as a component of sales and marketing expenses and $<span id="xdx_902_eus-gaap--ShareBasedCompensation_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--NatureOfExpenseAxis__custom--GeneralAndAdministrativeMember_zSdSLPfO0Zk3" title="Share-based compensation expense">1,387,000</span> was recorded as a component of general and administrative expenses in its condensed consolidated statements of operations. The Company recognized compensation expense for stock option awards of $<span id="xdx_90C_eus-gaap--ShareBasedCompensation_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zcAcwVMK4OB8" title="Share based compensation expense">39,000</span> and $<span id="xdx_905_eus-gaap--ShareBasedCompensation_c20241001__20250630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_z3KQnWGC8Abc">86,000</span> during the three and nine months ended June 30, 2025, respectively, which was recorded as a component of general and administrative expenses in its condensed consolidated statements of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="background-color: white"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="background-color: white"></span>As of June 30, 2026, there was $<span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_c20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zYSMIRjhxUs" title="Unrecognized compensation cost">2,850,000</span> total unrecognized compensation cost related to nonvested stock option awards that is expected to be recognized over a weighted average period of <span id="xdx_908_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_dtY_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zc3dtjdc0Dl" title="Weighted average period">1.6</span> years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Restricted Stock Units </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.25in">During the nine months ended June 30, 2026, the Company granted to certain members of management <span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zHa0n73kqWh1" title="Shares granted">950,996</span> restricted stock units (“RSUs”) that contain only service conditions for vesting. The RSUs have an aggregate grant date fair value of $<span id="xdx_90B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsValueInPeriod_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_ztOA1a8TSdH7"><span id="xdx_907_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsValueInPeriod_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zpWVoDvzJXx8">4,527,000</span></span> based on the closing price of the Company’s common stock on the date of grant and vest in quarterly installments over a period of four years. The Company recognized compensation expense for RSUs of $<span id="xdx_90E_eus-gaap--ShareBasedCompensation_c20260401__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zksjskhjepw6">744,000</span> and $<span id="xdx_909_eus-gaap--ShareBasedCompensation_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_z8tw0UkDKAV5">893,000</span> in the three and nine months ended June 30, 2026, respectively, which <span style="background-color: white">was recorded as a component of general and administrative expenses in its condensed consolidated statements of operations</span>. There was <span id="xdx_907_eus-gaap--ShareBasedCompensation_do_c20250401__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zwnjifS0atr4"><span id="xdx_906_eus-gaap--ShareBasedCompensation_do_c20241001__20250630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember_zV4p4J0WGGc9">no</span></span> expense related to RSU awards in the three or nine months ended June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="background-color: white">As of June 30, 2026, there was $<span id="xdx_900_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_c20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zTdzsdjvBoe5" title="Unrecognized compensation cost">3,634,000</span> total unrecognized compensation cost related to nonvested RSUs that is expected to be recognized over a weighted average period of <span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_dtY_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--RestrictedStockUnitsRSUMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zjjMKXK4Fxej" title="Weighted average period">1.9</span> years.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b>Performance Stock Units </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white; text-indent: 0.25in">During the nine months ended June 30, 2026, the Company granted to certain members of management <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_c20251001__20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember_zO1y9Vh0ispc" title="Shares granted">1,156,736</span> restricted stock units that contain both service and performance conditions for vesting (“PSUs”). The PSUs have an aggregate grant date fair value of $<span id="xdx_901_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsValueInPeriod_c20251001__20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember_zll4sm8dfVDb" title="Other than options, grant date fair value">5,521,000</span> based on the closing price of the Company’s common stock on the date of grant. Vesting of the PSUs occurs only if and when certain Company performance measures are achieved. Expense related to PSUs is recognized over the expected period of time to achieve such performance measures only when their achievement is considered probable in accordance with the related accounting guidance. The Company recognized compensation expense for PSUs of $<span id="xdx_902_eus-gaap--ShareBasedCompensation_c20260401__20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember_zSvsBFG8OYEl">962,000</span> and $<span id="xdx_90D_eus-gaap--ShareBasedCompensation_c20251001__20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember_zkuoAx1lngR4">1,071,000</span> in the three and nine months ended June 30, 2026, respectively, which <span style="background-color: white">was recorded as a component of general and administrative expenses in its condensed consolidated statements of operations</span>. There was no expense related to PSU awards in the three or nine months ended June 30, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="background-color: white">As of June 30, 2026, there was $<span id="xdx_90F_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized_iI_c20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zAmq3nxNemii" title="Unrecognized compensation cost">980,000</span> total unrecognized compensation cost related to nonvested PSUs that is expected to be recognized over a weighted average period of <span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_dtY_c20251001__20260630__us-gaap--AwardTypeAxis__custom--PerformanceStockUnitsMember__us-gaap--VestingAxis__custom--NonVestedOptionsMember_zebZc15kftHg" title="Weighted average period">0.3</span> years.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in; background-color: white"> </p> 94000 435000 11000 406000 8084000 202000 127675836 102034846 12264602 13376388 7290000 1000000000 2561000 4.62 11840000 7152000 5.94 42493000 6164000 4.44 27370000 4000000 8724667 1186606 2.99 3554000 400000 3.06 1223000 <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_z3pGC2TmMZwk" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 70%; margin-right: auto" summary="xdx: Disclosure - SHAREHOLDERS' EQUITY (Details - Assumptions)"> <tr style="vertical-align: bottom"> <td style="text-align: left"><span id="xdx_8B8_zntHR2yi6Ceh" style="display: none"> Schedule of assumptions</span></td><td> </td> <td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 53%; text-align: left">Expected term (years)</td><td style="width: 2%"> </td> <td style="width: 15%; text-align: center"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedTermSimplifiedMethod_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zknwUyuRGPM" title="Expected term (years)">2.6 - 7.0</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected volatility</td><td> </td> <td style="text-align: center"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zhOsGwQ1uTua" title="Expected volatility rate, minimum">81.0</span>% - <span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zkNNFUujwG2g" title="Expected volatility rate, maximum">101.0</span>%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zUBhWmRy9l8i" title="Risk free interest rate, minimum">3.6</span>% - <span id="xdx_90E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum_dp_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zkhJmBFiFNHa" title="Risk free interest rate, maximum">4.1</span>%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividends</td><td> </td> <td style="text-align: center"><span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_dp0_c20251001__20260630__us-gaap--AwardTypeAxis__us-gaap--EmployeeStockOptionMember_zio57b5ZUMtc" title="Expected dividends">–</span></td></tr> </table> 2.6 - 7.0 0.810 1.010 0.036 0.041 0 1425000 337000 1088000 1980000 593000 1387000 39000 86000 2850000 P1Y7M6D 950996 4527000 4527000 744000 893000 0 0 3634000 P1Y10M24D 1156736 5521000 962000 1071000 980000 P0Y3M18D <p id="xdx_80A_eus-gaap--EarningsPerShareTextBlock_zz0G3MRJE2r6" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">NOTE 8             <span id="xdx_82B_zFBnOHLaHiYe">LOSS / EARNINGS PER SHARE</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Basic loss/earnings per share data for each period presented is computed using the weighted average number of shares of common stock outstanding during each such period and includes pre-funded warrants from their date of issuance. Diluted loss/earnings per share data is computed using the weighted average number of common and dilutive common equivalent shares outstanding during each period. Dilutive common equivalent shares consist of shares that would be issued upon the exercise of stock options and warrants, computed using the treasury stock method.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">A reconciliation of basic and diluted earnings/loss per share is as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zuMD1UwmfCHh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LOSS / EARNINGS PER SHARE (Details - Diluted loss per share)"> <tr style="vertical-align: bottom"> <td> <span id="xdx_8B9_zbRpaFs30fn3" style="display: none">Schedule of reconciliation of basic and diluted earnings per share</span></td><td> </td> <td colspan="3" id="xdx_49A_20260401__20260630_z6ktGZHKuqe5" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_49E_20250401__20250630_z9MInhNLlMM1" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_49F_20251001__20260630_zP1g3rv4mrPb" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_492_20241001__20250630_ztOeDdAoL0F6" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Nine Months Ended</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40F_ecustom--NumeratorAbstract_iB_zKZFuuN20DF2" style="vertical-align: bottom"> <td>Numerator:</td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; width: 44%; text-align: left">Loss from continuing operations</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20260401__20260630_ztSNJDllM4q5" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-68959173"><span style="-sec-ix-hidden: xdx2ixbrl1567">(68,959,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20250401__20250630_z942oDs4wsT8" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-2404353"><span style="-sec-ix-hidden: xdx2ixbrl1569">(2,404,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20251001__20260630_z97NV8kXDj5d" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-937692395"><span style="-sec-ix-hidden: xdx2ixbrl1571">(937,692,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20241001__20250630_zhyY8I3w9R07" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-5124337"><span style="-sec-ix-hidden: xdx2ixbrl1573">(5,124,000</span></td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Less deemed dividend on Series B Convertible Preferred Stock</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_di0_c20260401__20260630_zO0efv1Heakd" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_dixL_c20250401__20250630_zxedXQlo0zM" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock::XDX::-10278"><span style="-sec-ix-hidden: xdx2ixbrl1577">(10,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_di0_c20251001__20260630_z5OXLqc2yQs7" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_dixL_c20241001__20250630_zoRscYpQgw5i" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock::XDX::-10278"><span style="-sec-ix-hidden: xdx2ixbrl1581">(10,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Loss from continuing operations attributable to common shareholders</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20260401__20260630_zpWubbmVdbrd" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(68,959,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20250401__20250630_z7kFVthi3ckg" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(2,414,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20251001__20260630_z5fvgiG8CtS3" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(937,692,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20241001__20250630_z2NftrDS50Ye" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(5,134,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Income from discontinued operations, net of tax</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_d0_c20260401__20260630_zus6erVWVFxf" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20250401__20250630_zx9AOmffE1Zk" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax::XDX::1554331"><span style="-sec-ix-hidden: xdx2ixbrl1593">1,554,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_d0_c20251001__20260630_zgiYKiJBfdj2" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20241001__20250630_zaGXwKveqDj1" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax::XDX::2114639"><span style="-sec-ix-hidden: xdx2ixbrl1597">2,114,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLoss_dxL_c20260401__20260630_zLPraduyWGF6" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-68959173"><span style="-sec-ix-hidden: xdx2ixbrl1599">(68,959,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--NetIncomeLoss_dxL_c20250401__20250630_zxLoK28H7T9d" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-850022"><span style="-sec-ix-hidden: xdx2ixbrl1601">(860,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--NetIncomeLoss_dxL_c20251001__20260630_zoObwvE6Oclg" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-937692395"><span style="-sec-ix-hidden: xdx2ixbrl1603">(937,692,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLoss_dxL_c20241001__20250630_zib9Ik3tQq38" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-3009698"><span style="-sec-ix-hidden: xdx2ixbrl1605">(3,020,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DenominatorAbstract_iB_zcoudJWaESXg" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Weighted average common shares outstanding</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20260401__20260630_z1dtBOqaALs7" style="text-align: right" title="Weighted average common shares outstanding::XDX::86694282"><span style="-sec-ix-hidden: xdx2ixbrl1612">86,694,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20250401__20250630_zCUgAlemQj8i" style="text-align: right" title="Weighted average common shares outstanding::XDX::1113670"><span style="-sec-ix-hidden: xdx2ixbrl1614">1,114,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20251001__20260630_zPP2YotiHqj5" style="text-align: right" title="Weighted average common shares outstanding::XDX::93587982"><span style="-sec-ix-hidden: xdx2ixbrl1616">93,588,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20241001__20250630_zes3qk93tsU8" style="text-align: right" title="Weighted average common shares outstanding::XDX::1105269"><span style="-sec-ix-hidden: xdx2ixbrl1618">1,105,000</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_d0_zH82pAqxraZe" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Dilutive common share equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Weighted average dilutive shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20260401__20260630_zp0zLzuusrS9" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::86694282"><span style="-sec-ix-hidden: xdx2ixbrl1625">86,694,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98E_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20250401__20250630_zvm43vQV0eFf" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::1113670"><span style="-sec-ix-hidden: xdx2ixbrl1627">1,114,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20251001__20260630_zzZrsrmLY3Nk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::93587982"><span style="-sec-ix-hidden: xdx2ixbrl1629">93,588,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20241001__20250630_zZ3FwTecj7v3" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::1105269"><span style="-sec-ix-hidden: xdx2ixbrl1631">1,105,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--EarningsPerShareBasicAbstract_iB_zVki7f5sGC2c" style="vertical-align: bottom; background-color: White"> <td>Basic (loss) / earnings per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_zQ8Be6LXT7s2" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Basic loss per share from continuing operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.80</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2.17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10.02</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(4.65</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_d0_zPJDrDhSmAEl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Basic earnings per share from discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.92</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_z2ANiZmTRVC4" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Basic loss per share attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.80</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.77</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(10.02</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.73</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareDilutedAbstract_iB_zn3joE5zI1v5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Diluted (loss) / earnings per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_z2CDz9VvvUz1" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Diluted loss per share from continuing operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.80</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2.17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10.02</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(4.65</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_d0_z3Qs4fI2Zpg" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Diluted earnings per share from discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.92</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--EarningsPerShareDiluted_z7cRZRoo6aJ2" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Diluted loss per share attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.80</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.77</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(10.02</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.73</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> <p id="xdx_8A7_zZhKkYjlWv7k" style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The following securities were excluded from the calculation of diluted earnings per share for the three and nine months ended June 30, 2026 and 2025 because their inclusion would have been anti-dilutive:</p> <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_z4iLSsl3qFDb" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS / EARNINGS PER SHARE (Details - Antidilutive shares)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B0_zbVi4sRfwiDg" style="display: none"> Schedule of anti-dilutive shares</span></td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 30%; text-align: left">Convertible preferred stock</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zDIQR3MNdFYi" style="width: 11%; text-align: right" title="Total potentially dilutive shares">–</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zlYiUjVkfXJ7" style="width: 11%; text-align: right" title="Total potentially dilutive shares">879,000</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zorjlJZqnXu9" style="width: 11%; text-align: right" title="Total potentially dilutive shares">–</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zyZVGKJA419i" style="width: 11%; text-align: right" title="Total potentially dilutive shares">879,000</td><td style="width: 2%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Options and RSUs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zbkPD69ac3xe" style="text-align: right" title="Total potentially dilutive shares">2,763,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zqd4vUlU1GO2" style="text-align: right" title="Total potentially dilutive shares">169,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zeF58COjM76k" style="text-align: right" title="Total potentially dilutive shares">2,763,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zao7HR6jnn2l" style="text-align: right" title="Total potentially dilutive shares">169,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt">Warrants</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zR5kuhZf0Kne" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">13,495,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zixv2d2YNe2i" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">186,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_z8AC9W7yddN8" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">13,495,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zhlD1URavbtj" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">186,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total potentially dilutive shares</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630_zsbMve4jsWSg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">16,258,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630_zWr5kD3rNv1e" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">1,234,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630_z2yofkpdjaqh" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">16,258,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630_zUNuzkN66vcf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">1,234,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AA_zUo9TpLv3tx3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.5in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zuMD1UwmfCHh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LOSS / EARNINGS PER SHARE (Details - Diluted loss per share)"> <tr style="vertical-align: bottom"> <td> <span id="xdx_8B9_zbRpaFs30fn3" style="display: none">Schedule of reconciliation of basic and diluted earnings per share</span></td><td> </td> <td colspan="3" id="xdx_49A_20260401__20260630_z6ktGZHKuqe5" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_49E_20250401__20250630_z9MInhNLlMM1" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_49F_20251001__20260630_zP1g3rv4mrPb" style="text-align: center"> </td><td> </td> <td colspan="3" id="xdx_492_20241001__20250630_ztOeDdAoL0F6" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Three Months Ended</td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Nine Months Ended</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40F_ecustom--NumeratorAbstract_iB_zKZFuuN20DF2" style="vertical-align: bottom"> <td>Numerator:</td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; width: 44%; text-align: left">Loss from continuing operations</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_982_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20260401__20260630_ztSNJDllM4q5" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-68959173"><span style="-sec-ix-hidden: xdx2ixbrl1567">(68,959,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_986_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20250401__20250630_z942oDs4wsT8" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-2404353"><span style="-sec-ix-hidden: xdx2ixbrl1569">(2,404,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20251001__20260630_z97NV8kXDj5d" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-937692395"><span style="-sec-ix-hidden: xdx2ixbrl1571">(937,692,000</span></td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest_dxL_c20241001__20250630_zhyY8I3w9R07" style="width: 11%; text-align: right" title="Loss from continuing operations::XDX::-5124337"><span style="-sec-ix-hidden: xdx2ixbrl1573">(5,124,000</span></td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Less deemed dividend on Series B Convertible Preferred Stock</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98C_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_di0_c20260401__20260630_zO0efv1Heakd" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_dixL_c20250401__20250630_zxedXQlo0zM" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock::XDX::-10278"><span style="-sec-ix-hidden: xdx2ixbrl1577">(10,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_di0_c20251001__20260630_z5OXLqc2yQs7" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--PreferredStockDividendsAndOtherAdjustments_iN_dixL_c20241001__20250630_zoRscYpQgw5i" style="border-bottom: Black 1pt solid; text-align: right" title="Less deemed dividend on Series B Convertible Preferred Stock::XDX::-10278"><span style="-sec-ix-hidden: xdx2ixbrl1581">(10,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Loss from continuing operations attributable to common shareholders</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20260401__20260630_zpWubbmVdbrd" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(68,959,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20250401__20250630_z7kFVthi3ckg" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(2,414,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20251001__20260630_z5fvgiG8CtS3" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(937,692,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_ecustom--IncomeLossFromContinuingOperationsLessDeemedDividend_c20241001__20250630_z2NftrDS50Ye" style="text-align: right" title="Loss from continuing operations attributable to common shareholders">(5,134,000</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Income from discontinued operations, net of tax</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_d0_c20260401__20260630_zus6erVWVFxf" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20250401__20250630_zx9AOmffE1Zk" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax::XDX::1554331"><span style="-sec-ix-hidden: xdx2ixbrl1593">1,554,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_d0_c20251001__20260630_zgiYKiJBfdj2" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTax_dxL_c20241001__20250630_zaGXwKveqDj1" style="border-bottom: Black 1pt solid; text-align: right" title="Income from discontinued operations, net of tax::XDX::2114639"><span style="-sec-ix-hidden: xdx2ixbrl1597">2,114,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Net loss attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLoss_dxL_c20260401__20260630_zLPraduyWGF6" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-68959173"><span style="-sec-ix-hidden: xdx2ixbrl1599">(68,959,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_983_eus-gaap--NetIncomeLoss_dxL_c20250401__20250630_zxLoK28H7T9d" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-850022"><span style="-sec-ix-hidden: xdx2ixbrl1601">(860,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_982_eus-gaap--NetIncomeLoss_dxL_c20251001__20260630_zoObwvE6Oclg" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-937692395"><span style="-sec-ix-hidden: xdx2ixbrl1603">(937,692,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98F_eus-gaap--NetIncomeLoss_dxL_c20241001__20250630_zib9Ik3tQq38" style="border-bottom: Black 2.5pt double; text-align: right" title="Net loss::XDX::-3009698"><span style="-sec-ix-hidden: xdx2ixbrl1605">(3,020,000</span></td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--DenominatorAbstract_iB_zcoudJWaESXg" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Denominator:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Weighted average common shares outstanding</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20260401__20260630_z1dtBOqaALs7" style="text-align: right" title="Weighted average common shares outstanding::XDX::86694282"><span style="-sec-ix-hidden: xdx2ixbrl1612">86,694,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20250401__20250630_zCUgAlemQj8i" style="text-align: right" title="Weighted average common shares outstanding::XDX::1113670"><span style="-sec-ix-hidden: xdx2ixbrl1614">1,114,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20251001__20260630_zPP2YotiHqj5" style="text-align: right" title="Weighted average common shares outstanding::XDX::93587982"><span style="-sec-ix-hidden: xdx2ixbrl1616">93,588,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_dxL_c20241001__20250630_zes3qk93tsU8" style="text-align: right" title="Weighted average common shares outstanding::XDX::1105269"><span style="-sec-ix-hidden: xdx2ixbrl1618">1,105,000</span></td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--WeightedAverageNumberDilutedSharesOutstandingAdjustment_d0_zH82pAqxraZe" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Dilutive common share equivalents</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Weighted average dilutive shares outstanding</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_987_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20260401__20260630_zp0zLzuusrS9" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::86694282"><span style="-sec-ix-hidden: xdx2ixbrl1625">86,694,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98E_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20250401__20250630_zvm43vQV0eFf" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::1113670"><span style="-sec-ix-hidden: xdx2ixbrl1627">1,114,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20251001__20260630_zzZrsrmLY3Nk" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::93587982"><span style="-sec-ix-hidden: xdx2ixbrl1629">93,588,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_98A_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_dxL_c20241001__20250630_zZ3FwTecj7v3" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average dilutive shares outstanding::XDX::1105269"><span style="-sec-ix-hidden: xdx2ixbrl1631">1,105,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--EarningsPerShareBasicAbstract_iB_zVki7f5sGC2c" style="vertical-align: bottom; background-color: White"> <td>Basic (loss) / earnings per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeLossFromContinuingOperationsPerBasicShare_zQ8Be6LXT7s2" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Basic loss per share from continuing operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.80</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2.17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10.02</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(4.65</td><td style="text-align: left">)</td></tr> <tr id="xdx_405_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare_d0_zPJDrDhSmAEl" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Basic earnings per share from discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.92</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_z2ANiZmTRVC4" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Basic loss per share attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.80</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.77</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(10.02</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.73</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--EarningsPerShareDilutedAbstract_iB_zn3joE5zI1v5" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Diluted (loss) / earnings per share:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--IncomeLossFromContinuingOperationsPerDilutedShare_z2CDz9VvvUz1" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left">Diluted loss per share from continuing operations</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.80</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(2.17</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(10.02</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(4.65</td><td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare_d0_z3Qs4fI2Zpg" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 1pt">Diluted earnings per share from discontinued operations</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.40</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">–</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1.92</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--EarningsPerShareDiluted_z7cRZRoo6aJ2" style="vertical-align: bottom; background-color: White"> <td style="text-indent: -10pt; padding-left: 20pt; text-align: left; padding-bottom: 2.5pt">Diluted loss per share attributable to common shareholders</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.80</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(0.77</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(10.02</td><td style="padding-bottom: 2.5pt; text-align: left">)</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">(2.73</td><td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> -0 -0 -68959000 -2414000 -937692000 -5134000 0 0 0 0 0 0 -0.80 -2.17 -10.02 -4.65 0 1.40 0 1.92 -0.80 -0.77 -10.02 -2.73 -0.80 -2.17 -10.02 -4.65 0 1.40 0 1.92 -0.80 -0.77 -10.02 -2.73 <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock_z4iLSsl3qFDb" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto" summary="xdx: Disclosure - LOSS / EARNINGS PER SHARE (Details - Antidilutive shares)"> <tr style="vertical-align: bottom"> <td><span id="xdx_8B0_zbVi4sRfwiDg" style="display: none"> Schedule of anti-dilutive shares</span></td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td><td> </td> <td colspan="3"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Three Months Ended June 30,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Nine Months Ended June 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 30%; text-align: left">Convertible preferred stock</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zDIQR3MNdFYi" style="width: 11%; text-align: right" title="Total potentially dilutive shares">–</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_982_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zlYiUjVkfXJ7" style="width: 11%; text-align: right" title="Total potentially dilutive shares">879,000</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_d0_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zorjlJZqnXu9" style="width: 11%; text-align: right" title="Total potentially dilutive shares">–</td><td style="width: 2%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--ConvertiblePreferredStockMember_zyZVGKJA419i" style="width: 11%; text-align: right" title="Total potentially dilutive shares">879,000</td><td style="width: 2%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Options and RSUs</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zbkPD69ac3xe" style="text-align: right" title="Total potentially dilutive shares">2,763,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zqd4vUlU1GO2" style="text-align: right" title="Total potentially dilutive shares">169,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zeF58COjM76k" style="text-align: right" title="Total potentially dilutive shares">2,763,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__custom--OptionsAndRSUsMember_zao7HR6jnn2l" style="text-align: right" title="Total potentially dilutive shares">169,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 1pt">Warrants</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zR5kuhZf0Kne" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">13,495,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zixv2d2YNe2i" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">186,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_987_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_z8AC9W7yddN8" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">13,495,000</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_984_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630__us-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis__us-gaap--WarrantMember_zhlD1URavbtj" style="border-bottom: Black 1pt solid; text-align: right" title="Total potentially dilutive shares">186,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Total potentially dilutive shares</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20260401__20260630_zsbMve4jsWSg" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">16,258,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_989_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20250401__20250630_zWr5kD3rNv1e" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">1,234,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_980_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20251001__20260630_z2yofkpdjaqh" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">16,258,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td id="xdx_983_eus-gaap--AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_c20241001__20250630_zUNuzkN66vcf" style="border-bottom: Black 2.5pt double; text-align: right" title="Total potentially dilutive shares">1,234,000</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 0 879000 0 879000 2763000 169000 2763000 169000 13495000 186000 13495000 186000 16258000 1234000 16258000 1234000 <p id="xdx_80D_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zTGQDgzj6WCf" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">NOTE 9             <span id="xdx_82F_zzwe5Ucmemw5">RELATED PARTY TRANSACTIONS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Galaxy Services Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company had a services agreement (the “Services Agreement”) with Galaxy Digital LP (“Galaxy”), pursuant to which the Company engaged Galaxy to provide certain operational, financial and human resources services to assist with the inception of its new digital assets treasury business. Galaxy did not provide any (i) tax advice or services, (ii) legal advice or services, or (iii) advice in connection with the Investment Company Act of 1940, as amended, or any related analyses thereto.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As compensation for its services from September 2025 through March 2026, we paid Galaxy fees of approximately $<span id="xdx_90C_eus-gaap--DebtInstrumentPeriodicPayment_c20250901__20260331__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zIW0Fj0wVfVl" title="Monthly fee">583,000</span> per month. In March, the Company and Galaxy agreed to extend the Services Agreement through June 10, 2026 and to reduce the monthly fees to $<span id="xdx_904_eus-gaap--DebtInstrumentPeriodicPayment_c20260301__20260331__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zTuNrtCvthPc">100,000</span> per month, at which point it expired according to its terms. During the three and nine months ended June 30, 2026, the Company incurred fees of $<span id="xdx_909_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20260401__20260630__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zDRyyWjMIdFk" title="Service fees">233,000</span> and $<span id="xdx_90A_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20251001__20260630__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zK1th9NkLdWd">3,390,000</span>, respectively, under the Services Agreement, which were recorded as a component of general and administrative expenses - related party on the condensed consolidated financial statements. Amounts due to Galaxy under this agreement totaled $<span id="xdx_905_ecustom--AccountsPayableRelatedParty_iI_c20260630__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zqE02VIR5opd" title="Accounts payable - related party">133,000</span> and $<span id="xdx_909_ecustom--AccountsPayableRelatedParty_iI_c20250930__us-gaap--TransactionTypeAxis__custom--GalaxyServiceAgreementMember_zUYpwxZkoTEh" title="Accounts payable - related party">389,000</span> at June 30, 2026 and September 30, 2025, respectively, which were recorded as a component of accounts payable - related party on the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Galaxy Asset Management Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company has an asset management agreement (the “Asset Management Agreement”) with Galaxy Digital Capital Management LP, an SEC-registered investment adviser (the “Asset Manager”), pursuant to which the Company appointed the Asset Manager to provide discretionary investment management services with respect to all of the Company’s cash, cash equivalents, stablecoins, cryptocurrency and other investible assets (excluding (i) publicly-traded equities acquired pursuant to mergers, acquisitions, combinations or other similar transactions pursuant to which the Company acquires or otherwise combines or merges with another publicly-traded digital asset treasury company, (ii) privately offered equity securities and (iii) non-publicly traded convertible debt instruments). Title to the account and all account assets will be held in our name. The Asset Manager is not authorized to act as custodian of our assets, nor to take possession or title to any assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As compensation for the Asset Manager’s services, we pay management fees of 0.6% per annum of the value of the Account Assets (as defined in the Asset Management Agreement). In addition, the Asset Manager is authorized to appoint an affiliate to stake some or all of the SOL purchased for, maintained in the account, or otherwise owned or controlled by the Company. Such Asset Manager affiliate will be entitled to mutually agreed upon staking-based fees, subject to certain parameters according to a schedule set forth in the Asset Management Agreement. The Asset Manager is otherwise responsible for all of its overhead costs and the custody fees of any custodian selected by the Asset Manager, and the Company will pay or reimburse the Asset Manager for all reasonable and documented expenses related to the operation of the account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Asset Management Agreement expires in September 2028 and renews for successive one-year renewal periods unless the Company or the Asset Manager terminates or elects not to continue effectiveness of the Asset Management Agreement. The Asset Management Agreement may be terminated by either party without cause after the initial term or any subsequent renewal period upon 90 days’ prior written notice before the expiration of such term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three and nine months ended June 30, 2026, the Company incurred fees of $<span id="xdx_906_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20260401__20260630__us-gaap--TransactionTypeAxis__custom--AssetManagementAgreementMember_zLpIiRMEKIh3">792,000</span> and $<span id="xdx_90D_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20251001__20260630__us-gaap--TransactionTypeAxis__custom--AssetManagementAgreementMember_z4U5bHmWAgx7">3,557,000</span>, respectively, related to the Asset Management Agreement, which were recorded on the condensed consolidated financial statements as a component of general and administrative expenses - related party. Amounts due to the Asset Manager under this agreement totaled $<span id="xdx_908_ecustom--AccountsPayableRelatedParty_iI_c20260630__us-gaap--TransactionTypeAxis__custom--AssetManagementAgreementMember_z3CA2qAOuRka">216,000</span> and $<span id="xdx_907_ecustom--AccountsPayableRelatedParty_iI_c20250930__us-gaap--TransactionTypeAxis__custom--AssetManagementAgreementMember_zmfZEw923aG6">535,000</span> at June 30, 2026 and September 30, 2025, respectively, which were recorded as a component of accounts payable - related party on the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Digital Asset Loan Receivable from Galaxy</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In November 2025, the Company and Galaxy Digital LLC (“Borrower”) entered into a loan agreement whereby the Company loaned <span id="xdx_904_eus-gaap--AccountsAndNotesReceivableNet_iI_c20251130__us-gaap--AccountsNotesLoansAndFinancingReceivableByReceivableTypeAxis__custom--GalaxyDigitalMember_z12DSpsFa4Th" title="Note receivable">250,000</span> SOL to the Borrower. This loan bore interest at an annual rate of 8% and remained outstanding until repayment was requested by the Company. The loan receivable was shown as Loan receivable-digital assets-related party on the condensed consolidated balance sheet and the related interest income is shown as interest income-related party on the condensed consolidated statement of operations. This loan was repaid in January 2026.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Digital Assets Receivable </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with the operation of its validator, the Company and the Asset Manager share certain staking rewards earned. The Company’s share, which is due from Galaxy, is shown as Digital assets receivable – related party on the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Master Digital Currency Loan Agreement with Galaxy</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In February 2026, the Company entered into a Master Digital Currency Loan Agreement (the “Loan Agreement”) with Galaxy Digital LLC (“Galaxy LLC”), under which the Company may borrow digital assets and/or U.S. dollars from Galaxy LLC pursuant to individual loan term sheets (each, a “Loan”). The Loan Agreement establishes the general terms governing such loans, including procedures for loan requests, collateral requirements, borrow fees, callable and term loan structures, margin call and refund provisions, and rehypothecation rights, subject to mutual consent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with the Loan Agreement, through June 30, 2026, the Company executed Loans in an aggregate amount of $<span id="xdx_902_ecustom--LoansPayableRelatedParty_iI_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_zMHfmTLJXoy4" title="Loans payable - related party">112,500,000</span>, which included the refinancing of a $<span id="xdx_905_ecustom--LoansPayableAggregateAmount_iI_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_zH0fgLaNqeW5" title="Loans payable aggregate amount">7,500,000</span> Loan into a Loan with a shorter maturity. Aggregate borrowings of $<span id="xdx_905_ecustom--LoansPayableOutstandingAmount_iI_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_zFrIK8YoWhjc" title="Loans payable outstanding amount">105,000,000</span> remained outstanding at June 30, 2026, and are included in Loans payable – related party on the condensed consolidated balance sheet. At June 30, 2026, these Loans had a weighted average annual interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateEffectivePercentage_iI_dp_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_zJVEFbdWDtl5" title="Debt average interest rate">2.6</span>% and maturity dates ranging from 7 days to one year, with $87,500,000 of these Loans having evergreen provisions allowing them to remain outstanding until repayment is requested by Galaxy LLC per the terms of the Loan Agreement. Amounts due to Galaxy for interest under these borrowings totaled $<span id="xdx_90A_ecustom--AccountsPayableRelatedParty_iI_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_zx7HTFVnapE7" title="Accounts payable - related party">203,000</span> at June 30, 2026, which were recorded as a component of accounts payable - related party on the condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">At June 30, 2026, these Loans were secured by approximately <span id="xdx_901_eus-gaap--SharesIssued_iI_c20260630__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember_z8iju3CWg3n1" title="Shares issued">3,144,000</span> units of the Company’s SOL and/or fwdSOL, which Galaxy LLC had the right to sell, pledge or rehypothecate per the terms of the Loan Agreement. This portion of the Company’s fwdSOL is presented as a component of Digital assets pledged as collateral with related party on the condensed consolidated financial statements. </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In July 2026, the Company executed additional Loans in an aggregate amount of $<span id="xdx_90A_ecustom--LoansPayableRelatedParty_iI_c20260731__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zvcJLWO4nee4">15,000,000</span>. These additional Loans have an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_c20260731__us-gaap--RelatedPartyTransactionAxis__custom--MasterDigitalCurrencyLoanAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zFcmF3iQOzBd">2.5</span>% and evergreen provisions allowing them to remain outstanding until repayment is requested by Galaxy LLC per the terms of the Loan Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>SOL Option Contracts</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three and nine months ended June 30, 2026, the Company entered into OTC European-style option contracts referencing the price of SOL, some of which were with Galaxy Trading Mercury LLC, a related party. Under these contracts, the Company acted as the writer or seller of call and put options and received or paid upfront premiums at inception. The contracts were governed by an ISDA Master Agreement and related Credit Support Annex, which required the Company to post collateral to secure its obligations. Additional information regarding derivative instruments is provided in Note 12.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Galaxy Securities LLC Shares Repurchase Agreements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with its share repurchase program (see Note 7) the Company paid $<span id="xdx_907_eus-gaap--PaymentsForRepurchaseOfEquity_c20260401__20260630__us-gaap--TransactionTypeAxis__custom--GalaxySecuritiesLLCSharesRepurchaseAgreementsMember_zjO4Mh8Gads" title="Payment for repurchase program">32,000</span> and $<span id="xdx_905_eus-gaap--PaymentsForRepurchaseOfEquity_c20251001__20260630__us-gaap--TransactionTypeAxis__custom--GalaxySecuritiesLLCSharesRepurchaseAgreementsMember_zDFBo7IyqEp9">89,000</span> in fees to Galaxy Securities LLC as its agent during the three and nine months ended June 30, 2026, which were recorded as a component of Treasury Stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Multicoin Share Repurchase</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In September 2025, in connection with our private placement transaction, Multicoin invested $<span id="xdx_900_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20250901__20250930__us-gaap--TransactionTypeAxis__custom--MulticoinShareRepurchaseMember_zqWG8hTNO6Od" title="Private placement">114,040,000</span> for <span id="xdx_907_eus-gaap--PartnersCapitalAccountUnitsSoldInPrivatePlacement_c20250901__20250930__us-gaap--TransactionTypeAxis__custom--MulticoinShareRepurchaseMember_zyj3gp9JCRK7" title="Private placement shares">6,164,000</span> shares of the Company’s common stock. At the time of the private placement transaction, Kyle Samani was a managing director of Multicoin and was appointed to the board of directors of the Company. In March 2026, the Company’s shareholders elected Mr. Samani to the board of directors of the Company. In March 2026, the Company repurchased these <span id="xdx_907_eus-gaap--StockRepurchasedAndRetiredDuringPeriodShares_c20260301__20260331__us-gaap--TransactionTypeAxis__custom--MulticoinShareRepurchaseMember_zEqkbx2x7G05" title="Repurchased shares">6,164,000</span> shares from Multicoin for $<span id="xdx_905_eus-gaap--StockRepurchasedAndRetiredDuringPeriodValue_c20260301__20260331__us-gaap--TransactionTypeAxis__custom--MulticoinShareRepurchaseMember_zRtibx2PO9Gf" title="Repurchased value">27,370,000</span> (See Note 7).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Buying Agency and Supply Agreement</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company had a Buying Agency and Supply Agreement (the “Supply Agreement”) with Forward China. The Supply Agreement provided that, upon the terms and subject to the conditions set forth therein, Forward China would act as the Company’s exclusive buying agent and supplier of Products (as defined in the Supply Agreement) in the Asia-Pacific region. The Company purchased products at Forward China’s cost and paid Forward China a monthly service fee for sourcing such products. This sourcing agreement was terminated in May 2025 in connection with the sale of the OEM segment. See Note 3.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In connection with the sale of the OEM segment, effective May 16, 2025, the Company and Terence Wise, who served as the Chief Executive Officer of the Company, the Chairman of the Board of Directors, and a director, entered into a Separation Agreement pursuant to which, Mr. Wise resigned from all of these positions with the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Terence Wise, former Chief Executive Officer and Chairman of the Company, was the owner of Forward China and beneficially owned more than 5% of the Company’s common stock prior to our September 2025 financing. In addition, Jenny P. Yu, a Managing Director of Forward China, beneficially owned more than 5% of the Company’s common stock prior to our September 2025 financing. The Company recorded service fees to Forward China of $<span id="xdx_907_eus-gaap--CostsAndExpensesRelatedParty_pp0p0_c20260401__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember__us-gaap--TransactionTypeAxis__custom--ServiceFeesMember_zrMG1ZN8z4ze" title="Costs and expenses related party">39,000</span> and $<span id="xdx_904_eus-gaap--CostsAndExpensesRelatedParty_pp0p0_c20251001__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember__us-gaap--TransactionTypeAxis__custom--ServiceFeesMember_zf4NBczhA4pl" title="Costs and expenses related party">331,000</span> during the three and nine months ended June 30, 2025, which were included as a component of cost of sales upon sales of the related products. Due to the OEM Plan, these costs are now included in income from discontinued operations for the three and nine months ended June 30, 2025. The Company had purchases from Forward China of approximately $<span id="xdx_901_eus-gaap--CostsAndExpensesRelatedParty_pp0p0_c20250401__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember__us-gaap--TransactionTypeAxis__custom--PurchasesMember_zdYbZVcszc9l">480,000</span> and $<span id="xdx_900_eus-gaap--CostsAndExpensesRelatedParty_pp0p0_c20241001__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember__us-gaap--TransactionTypeAxis__custom--PurchasesMember_zPe8MtMM3gk5">4,040,000</span> during the three and nine months ended June 30, 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In order to preserve the Company’s liquidity, in November 2023, the Company and Forward China entered into an agreement whereby Forward China agreed to limit the amount of outstanding payables it would seek to collect from the Company to $500,000 in any 12-month period, which the Company agreed to pay within 30 days of any such request. This agreement pertained only to payables that were outstanding on October 30, 2023, of approximately $7,365,000. Purchases from Forward China made after October 30, 2023, were not covered by this agreement and were expected to be paid according to normal payment terms. In connection with the sale of the OEM segment in May 2025 (see Note 3), this agreement was terminated and all amounts due there under extinguished.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Accounts Payable Conversion Agreements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">In order to maintain compliance with Nasdaq’s listing standards, in Fiscal 2024 and Fiscal 2025, the Company entered into four separate agreements with Forward China (the “Conversion Agreements”), pursuant to which Forward China agreed to convert an aggregate $4,925,000 of amounts due to Forward China into shares of preferred stock. Under the terms of the Conversion Agreements, in Fiscal 2025 and Fiscal 2024, respectively, Forward China agreed to convert $<span id="xdx_90B_eus-gaap--DebtConversionConvertedInstrumentAmount1_pp0p0_c20241001__20250930__us-gaap--DebtConversionByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember_zupclIXgW9Gc" title="Debt converted, amount converted">2,725,000</span> and $<span id="xdx_905_eus-gaap--DebtConversionConvertedInstrumentAmount1_pp0p0_c20231001__20240930__us-gaap--DebtConversionByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember_zUQGWvH4avUd" title="Debt converted, amount converted">2,200,000</span>, respectively, of amounts due to Forward China into <span id="xdx_905_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_pp0p0_c20241001__20250930__us-gaap--DebtConversionByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember__us-gaap--StatementClassOfStockAxis__custom--SeriesA1ConvertiblePreferredStockMember_zTkUDjrs8lDe" title="Debt converted, shares issued">2,725</span> shares and <span id="xdx_90B_eus-gaap--DebtConversionConvertedInstrumentSharesIssued1_pp0p0_c20231001__20240930__us-gaap--DebtConversionByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember__us-gaap--StatementClassOfStockAxis__custom--SeriesA1ConvertiblePreferredStockMember_zTqh7JFqNSGc" title="Debt converted, shares issued">2,200</span> shares, respectively, of the Company’s Series A-1 Convertible Preferred Stock. In August and September of 2025, all <span id="xdx_901_eus-gaap--ConversionOfStockSharesConverted1_pp0p0_c20250801__20250930__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember__us-gaap--StatementClassOfStockAxis__custom--SeriesA1ConvertiblePreferredStockMember_zGl8P3i0kvgk" title="Stock converted, shares converted">4,925</span> outstanding shares of the Series A-1 were converted into <span id="xdx_90E_eus-gaap--ConversionOfStockSharesIssued1_pp0p0_c20250801__20250930__us-gaap--ConversionOfStockByUniqueDescriptionAxis__custom--ForwardChinaConversionAgreementsMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_z2HU2RzFljU9" title="Stock converted, shares issued">656,666</span> shares of the Company’s common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Promissory Note</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">On January 18, 2018, the Company issued a $<span id="xdx_90B_eus-gaap--DebtInstrumentFaceAmount_iI_pp0p0_c20180118__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember_zoD8zfTS6CIf" title="Debt face amount">1,600,000</span> unsecured promissory note payable to Forward China to fund the acquisition of IPS. The promissory note bore an interest rate of <span id="xdx_902_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_c20180118__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember_zUeg5fDSz4Kg" title="Debt interest rate">8</span>% per annum and had an original maturity date of January 18, 2019. Monthly interest payments commenced on February 18, 2018, with the principal due at maturity. The Company incurred and paid interest associated with this note of $<span id="xdx_905_eus-gaap--InterestExpenseDebt_pp0p0_c20250401__20250630__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember_z8pnYetlnTgk" title="Interest expense">12,000</span> and $<span id="xdx_903_eus-gaap--InterestExpenseDebt_pp0p0_c20241001__20250630__us-gaap--LongtermDebtTypeAxis__custom--PromissoryNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ForwardChinaMember_zvfApas80ea1" title="Interest expense">36,000</span> in the three and nine months ended June 30, 2025, respectively. The Company fully paid off this note in September 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> 583000 100000 233000 3390000 133000 389000 792000 3557000 216000 535000 250000 112500000 7500000 105000000 0.026 203000 3144000 15000000 0.025 32000 89000 114040000 6164000 6164000 27370000 39000 331000 480000 4040000 2725000 2200000 2725 2200 4925 656666 1600000 0.08 12000 36000 <p id="xdx_80F_eus-gaap--LegalMattersAndContingenciesTextBlock_zBJHS6gY6APa" style="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0in">NOTE 10             <span id="xdx_821_zQvEbqhz5zUf">LEGAL PROCEEDINGS</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. At June 30, 2026, and through the date of this filing, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company’s interests, the Company believes would be material to its business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p id="xdx_80B_eus-gaap--LesseeOperatingLeasesTextBlock_zx0EApQdSTS5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 11             <span id="xdx_829_z0SHQIynvoR5">LEASES</span> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company’s operating leases are primarily for corporate, engineering, and administrative office space and the related expense is recorded in general and administrative expenses on the condensed consolidated financial statements. Total operating lease expense for the three and nine months ended June 30, 2026 was $<span id="xdx_90B_eus-gaap--OperatingLeaseExpense_pp0p0_c20260401__20260630_zf9xqH8CRdRe" title="Total operating lease expense">90,000</span> and $<span id="xdx_902_eus-gaap--OperatingLeaseExpense_pp0p0_c20251001__20260630_zJHqP18KubYf" title="Total operating lease expense">396,000</span>, respectively. Total operating lease expense for the three and nine months ended June 30, 2025 was $<span id="xdx_90B_eus-gaap--OperatingLeaseExpense_pp0p0_c20250401__20250630_zFOBWE2v1yOa" title="Total operating lease expense">155,000</span> and $<span id="xdx_905_eus-gaap--OperatingLeaseExpense_pp0p0_c20241001__20250630_zPCKiUweGiY9" title="Total operating lease expense">465,000</span>, respectively. Cash paid for amounts included in operating lease liabilities for the nine months ended June 30, 2026 and 2025, which have been included in cash flows from operating activities, was $<span id="xdx_909_eus-gaap--OperatingLeasePayments_pp0p0_c20251001__20260630_zUsus1KIlF2a" title="Operating lease payments">464,000</span> and $<span id="xdx_90A_eus-gaap--OperatingLeasePayments_pp0p0_c20241001__20250630_z2c59HVFUuX4" title="Operating lease payments">452,000</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span id="xdx_909_eus-gaap--LesseeOperatingLeaseDescription_c20251001__20260630__us-gaap--LeaseContractualTermAxis__custom--NewYorkLocationMember_zkjDwAKToei4" title="Lease term, description">In March 2026, the Company renewed the term of its Minnesota lease through June of 2031. Payments under this operating lease commenced July 1, 2026 and escalate 10% per year.</span>  The monthly rent is approximately $<span id="xdx_90D_eus-gaap--OperatingLeaseCost_pp0p0_c20251001__20260630__us-gaap--LeaseContractualTermAxis__custom--NewYorkLocationMember_zZs2Nr2Qu8dd" title="Monthly rent payment">13,000</span> per month.  In April 2026, due to IPS headcount reductions, the Company decided not to exercise the renewal option that was previously considered reasonably probable on one of its New York leases. As a result, the Company reduced its right of use asset and lease liability for this lease by approximately $<span id="xdx_903_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pp0p0_c20260430_zxPlMjyerjZb" title="Right of use asset"><span id="xdx_908_eus-gaap--OperatingLeaseLiability_iI_pp0p0_c20260430_zf1yBVxwREs2" title="Lease liability">1,824,000</span></span> in April 2026. Remaining rent expense will be reduced ratably in accordance with the related accounting guidance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">At June 30, 2026, the Company’s operating leases had a weighted average remaining lease term of <span id="xdx_901_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20260630_zGgVHJwBBNak" title="Weighted average remaining lease term">3.5</span> years and a weighted average discount rate of <span id="xdx_901_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20260630_zTSxvza35Prh" title="Weighted average discount rate">7.4</span>%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">At June 30, 2026, future minimum payments under non-cancellable operating leases were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zQ9bCehbBLAe" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - LEASES (Details - Future minimum payments operating lease)"> <tr style="vertical-align: bottom"> <td> <span id="xdx_8BA_z6owqEvDZsI2" style="display: none">Schedule of future minimum payments under non-cancellable operating leases</span></td><td> </td> <td colspan="3" id="xdx_49D_20260630_zCDFkuFarWfe" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_pp0p0_zFhSUEDLBcC4" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 63%">Remainder of Fiscal 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">160,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">368,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">160,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Fiscal 2031</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">127,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Total future minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,136,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_zkCOM0xd9sVd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(149,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zgVYkXDInAV1" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Present value of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">987,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less current portion of lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseLiabilityCurrent_iI_dxL_c20260630_zCHLWyoRlSki" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion of lease liabilities::XDX::437725"><span style="-sec-ix-hidden: xdx2ixbrl1845">(438,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Long-term portion of lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_dxL_c20260630_zRupFVKuDLA8" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term portion of lease liabilities::XDX::549254"><span style="-sec-ix-hidden: xdx2ixbrl1847">549,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8AA_zIFY8nnted1k" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: 0.5in"> </p> 90000 396000 155000 465000 464000 452000 In March 2026, the Company renewed the term of its Minnesota lease through June of 2031. Payments under this operating lease commenced July 1, 2026 and escalate 10% per year. 13000 1824000 1824000 P3Y6M 0.074 <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zQ9bCehbBLAe" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - LEASES (Details - Future minimum payments operating lease)"> <tr style="vertical-align: bottom"> <td> <span id="xdx_8BA_z6owqEvDZsI2" style="display: none">Schedule of future minimum payments under non-cancellable operating leases</span></td><td> </td> <td colspan="3" id="xdx_49D_20260630_zCDFkuFarWfe" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear_iI_pp0p0_zFhSUEDLBcC4" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="width: 63%">Remainder of Fiscal 2026</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">160,000</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">368,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearTwo_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Fiscal 2028</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">155,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearThree_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td>Fiscal 2029</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">160,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFour_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Fiscal 2030</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueYearFive_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Fiscal 2031</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">127,000</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Total future minimum lease payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,136,000</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pp0p0_di_zkCOM0xd9sVd" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less imputed interest</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(149,000</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiability_iI_pp0p0_zgVYkXDInAV1" style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td>Present value of lease liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">987,000</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt">Less current portion of lease liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_981_eus-gaap--OperatingLeaseLiabilityCurrent_iI_dxL_c20260630_zCHLWyoRlSki" style="border-bottom: Black 1pt solid; text-align: right" title="Less current portion of lease liabilities::XDX::437725"><span style="-sec-ix-hidden: xdx2ixbrl1845">(438,000</span></td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left; padding-bottom: 2.5pt">Long-term portion of lease liabilities</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98B_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_dxL_c20260630_zRupFVKuDLA8" style="border-bottom: Black 2.5pt double; text-align: right" title="Long-term portion of lease liabilities::XDX::549254"><span style="-sec-ix-hidden: xdx2ixbrl1847">549,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> 160000 368000 155000 160000 166000 127000 1136000 149000 987000 <p id="xdx_809_eus-gaap--DerivativesAndFairValueTextBlock_zO0VHRB0VoKe" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 12             <span id="xdx_825_zXhhtFx7a6v4">DERIVATIVES</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">During the three and nine months ended June 30, 2026, the Company entered into OTC European-style option contracts referencing the price of SOL. Under these contracts, the Company purchased and sold call and put options and received or paid upfront premiums at inception. The options resulted in the Company obtaining the right to purchase or the obligation to sell a specified quantity of SOL at a fixed strike price on the contract expiration date. The contracts are governed by an ISDA Master Agreement and related Credit Support Annex, which requires the Company to post collateral to secure its obligations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company recognized a net derivative loss of $<span id="xdx_903_eus-gaap--DerivativeGainLossOnDerivativeNet_c20260401__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_zsTxnHsiTHWe" title="Loss derivative net">4,561,000</span> and $<span id="xdx_901_eus-gaap--DerivativeGainLossOnDerivativeNet_c20251001__20260630__srt--ConsolidationItemsAxis__us-gaap--OperatingSegmentsMember__us-gaap--StatementBusinessSegmentsAxis__custom--DigitalAssetsSegmentMember_z11Hwwn8Xd4l" title="Loss derivative net">4,292,000</span>, respectively, during the three and nine months ended June 30, 2026, related to SOL option contracts, which is presented as derivative loss, net on the condensed consolidated statement of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The details of the Company’s open derivative positions at June 30, 2026 were as follows:</p> <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_zM7E63rslvOl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in" summary="xdx: Disclosure - DERIVATIVES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 29%"> <span id="xdx_8B4_zJmIdq3DuPE8" style="display: none">Schedule of open derivative positions</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Notional <br/> Amounts</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative <br/> Assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative Liabilities</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 29%"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Digital asset derivatives</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeAssetNotionalAmount_iI_c20260630_zvALUwOnpTYg" style="text-align: right" title="Notional amounts">75,534,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeAssets_iI_c20260630_zyYWhdMbdvDe" style="text-align: right" title="Derivative assets">4,926,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--DerivativeLiabilities_iI_c20260630_zZblTXuQ8Lk9" style="text-align: right" title="Derivative Liabilities">7,344,000</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-size: 10pt"></span></p> <p id="xdx_8A2_zRYyvsrRHmfi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Galaxy Trading Mercury LLC, a related party (see Note 9), was the counterparty to option contracts representing $<span id="xdx_90D_eus-gaap--DerivativeAssetNotionalAmount_iI_c20260630_z8x1jHmcaBW9" title="Notional amount">75,534,000</span> of notional amount on open positions, $<span id="xdx_900_eus-gaap--DerivativeAssets_iI_c20260630_zeqqdsAee2J4" title="Derivative assets">4,926,000</span> of derivative assets and $<span id="xdx_90A_eus-gaap--DerivativeLiabilities_iI_c20260630_zww7rIDoYJT6" title="Derivative Liabilities">7,344,000</span> of derivative liabilities at June 30, 2026, and $<span id="xdx_900_eus-gaap--GainLossOnDerivativeInstrumentsNetPretax_c20260401__20260630_zpTdMP1BkCJ1" title="Net derivative loss">4,281,000</span> and $<span id="xdx_90B_eus-gaap--GainLossOnDerivativeInstrumentsNetPretax_c20251001__20260630_zU1xaYlDxTOc" title="Derivative liabilities outstanding">4,012,000</span> of the net derivative loss for the three and nine months ended June 30, 2026, respectively. The remaining contracts were entered into with unrelated third-party counterparties. Information regarding the fair value hierarchy classification and valuation of derivative instruments is provided in Note 2.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> 4561000 4292000 <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfDerivativeLiabilitiesAtFairValueTableTextBlock_zM7E63rslvOl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.25in" summary="xdx: Disclosure - DERIVATIVES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 29%"> <span id="xdx_8B4_zJmIdq3DuPE8" style="display: none">Schedule of open derivative positions</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: right; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Notional <br/> Amounts</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative <br/> Assets</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Derivative Liabilities</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 29%"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 13%; text-align: right"> </td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Digital asset derivatives</td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeAssetNotionalAmount_iI_c20260630_zvALUwOnpTYg" style="text-align: right" title="Notional amounts">75,534,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_98B_eus-gaap--DerivativeAssets_iI_c20260630_zyYWhdMbdvDe" style="text-align: right" title="Derivative assets">4,926,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_984_eus-gaap--DerivativeLiabilities_iI_c20260630_zZblTXuQ8Lk9" style="text-align: right" title="Derivative Liabilities">7,344,000</td><td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><span style="font-size: 10pt"></span></p> 75534000 4926000 7344000 75534000 4926000 7344000 4281000 4012000 <p id="xdx_80F_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_zSyH8GHx3eQl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 13             <span id="xdx_820_zX2p4D1yPX8k">ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Accrued expenses and other current liabilities at June 30, 2026 and September 30, 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></p> <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zAKX0hqaOi4e" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 46%"><span id="xdx_8B2_zxiKjZuPQ78j" style="display: none">Schedule of accrued expenses and other current liabilities</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">September 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Accrued commissions/bonuses</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--AccruedCommissionsAndBonusesMember_zMb7ApU9Rpd7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1880">418,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--AccruedCommissionsAndBonusesMember_zqx2HtKF9Df" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1881">21,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Paid time off</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--PaidTimeOffMember_zh6bTor7D447" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1882">248,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--PaidTimeOffMember_zpRM76FPAV76" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1883">245,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Professional fees</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--ProfessionalFeesMember_z8QmYpICyFG1" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1884">188,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--ProfessionalFeesMember_zPXInubIblNl" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1885">270,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--OtherAccruedExpensesMember_zViHLhaReVkb" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1886">277,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--OtherAccruedExpensesMember_zQTqNgVKdkq6" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1887">88,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630_zb0rXQu7Oqd" style="border-bottom: Black 2.5pt double; text-align: right" title="::XDX::1130726"><span style="-sec-ix-hidden: xdx2ixbrl1888">1,131,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930_z3gQcqYALHRe" style="border-bottom: Black 2.5pt double; text-align: right" title="::XDX::623512"><span style="-sec-ix-hidden: xdx2ixbrl1889">624,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_8A3_zx7L0xvD5BP1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><span style="font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zAKX0hqaOi4e" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto" summary="xdx: Disclosure - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; width: 46%"><span id="xdx_8B2_zxiKjZuPQ78j" style="display: none">Schedule of accrued expenses and other current liabilities</span></td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 13%"> </td><td style="text-align: left; width: 1%"> </td><td style="width: 2%"> </td> <td style="text-align: left; width: 1%"> </td><td style="text-align: center; width: 13%"> </td><td style="text-align: left; width: 1%"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">June 30,</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">September 30,</td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Accrued commissions/bonuses</td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--AccruedCommissionsAndBonusesMember_zMb7ApU9Rpd7" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1880">418,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td id="xdx_987_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--AccruedCommissionsAndBonusesMember_zqx2HtKF9Df" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1881">21,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Paid time off</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98C_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--PaidTimeOffMember_zh6bTor7D447" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1882">248,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--PaidTimeOffMember_zpRM76FPAV76" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1883">245,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="text-align: left">Professional fees</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--ProfessionalFeesMember_z8QmYpICyFG1" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1884">188,000</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--ProfessionalFeesMember_zPXInubIblNl" style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1885">270,000</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98D_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630__us-gaap--NatureOfExpenseAxis__custom--OtherAccruedExpensesMember_zViHLhaReVkb" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1886">277,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_980_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930__us-gaap--NatureOfExpenseAxis__custom--OtherAccruedExpensesMember_zQTqNgVKdkq6" style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1887">88,000</span></td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(238,238,238)"> <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_985_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20260630_zb0rXQu7Oqd" style="border-bottom: Black 2.5pt double; text-align: right" title="::XDX::1130726"><span style="-sec-ix-hidden: xdx2ixbrl1888">1,131,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td id="xdx_98D_eus-gaap--AccountsPayableAndOtherAccruedLiabilitiesCurrent_iI_dxL_c20250930_z3gQcqYALHRe" style="border-bottom: Black 2.5pt double; text-align: right" title="::XDX::623512"><span style="-sec-ix-hidden: xdx2ixbrl1889">624,000</span></td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> <p id="xdx_802_eus-gaap--SubsequentEventsTextBlock_zEI3dLF5GhWg" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 14             <span id="xdx_822_zReWgvWJO4E3">SUBSEQUENT EVENTS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">As of August 3, 2026, the Company’s total SOL and SOL equivalent holdings were approximately 7,807,000, comprised of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in"><span style="font-family: Symbol">·</span></td> <td>3,685,000 SOL held as digital assets and 199,000 SOL pledged as collateral;</td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>7,000 (8,000 SOL equivalent) fwdSOL held as digital assets and 3,754,000 (3,915,000 SOL equivalent) fwdSOL pledged as collateral.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Additionally, as of August 3, 2026, The Company had approximately:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table border="0" cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 0.25in"> </td> <td style="width: 0.25in"><span style="font-family: Symbol">·</span></td> <td>21,851,000 ONyc tokens;</td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>$4,500,000 cash;</td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td>$120,000,000 of outstanding Loans with Galaxy LLC and $3,572,000 of outstanding on-chain debt;</td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-family: Symbol">·</span></td> <td>73,847,000 shares of common stock outstanding and 103,526,000 shares of common stock outstanding on a fully diluted basis.</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p> <p id="xdx_804_ecustom--RisksAndUncertaintiesDisclosureTextBlock_z7PpbKkJvvsl" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 15             <span id="xdx_824_zlNoZOB2dGf8">RISKS AND UNCERTAINTIES</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company is subject to various risks including market risk, liquidity risk and other risks related to its concentration in SOL. Investing in SOL is currently highly speculative and volatile.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The price of SOL has been, and will likely continue to be, highly volatile. The Company’s financial results and the market price of the Company’s common stock could be materially adversely affected if the price of SOL decreases substantially, as it has in the past, including as a result of shifts in market sentiment, speculative trading, macroeconomic trends, technology-related disruptions and regulatory announcements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company’s historical financial statements do not reflect the potential variability in earnings that it may experience in the future from holding or selling digital assets. Accordingly, volatility in the Company’s earnings may be significantly more than what it experienced in prior periods, and it may be difficult to evaluate the Company’s business and future prospects. The Company also may need to perform an analysis each quarter to identify whether events or changes in circumstances indicate that its digital assets are impaired.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company faces risks relating to the custody of its digital assets. Cybersecurity threats, including hacking, phishing and other malicious attacks, could result in the loss, theft or misappropriation of the Company’s SOL. If the Company or its third-party service providers experience a security breach or cyberattack and unauthorized parties obtain access to the Company’s private keys, or if the Company’s private keys are lost or destroyed, or other similar circumstances or events occur, the Company may lose some or all of its digital assets and its financial condition and results of operations could be materially adversely affected.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company interacts with smart contracts deployed on the Solana network. Smart contracts are self-executing code that operate without human intervention once deployed and are subject to known risks such as technical vulnerabilities, coding errors, security flaws and exploits. Any vulnerability in a smart contract the Company interacts with could result in the loss or theft of SOL or other digital assets. There is no assurance that the smart contracts the Company integrates with or relies upon will function as intended or remain secure. These vulnerabilities, flaws and potential exploitations could have a materially adverse impact on the Company’s business and financial condition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company uses its digital assets in DeFi applications, which may include over-collateralized borrow-lend vaults, token-exchange pools, and other financial or commercial agreements, which introduce novel risks relating to software code bugs, liquidation risks, and governance risks, and can be subject to failures or exploits. Network congestion or downtime can increase the likelihood of asset loss or liquidation. The volatility of digital assets deployed into DeFi applications may increase the likelihood of liquidation. DeFi applications generally operate on a user-to-protocol basis where a user does not know the identity of other parties. The use of monitoring and forensics software may not prevent the Company from engaging in DeFi protocols that are also used by bad actors or sanctioned persons.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">There is no clearing house for SOL, nor is there a central or major depository for the custody of SOL. There is a risk that some or all of the Company’s SOL could be lost or stolen. There can be no assurance that our custodians will maintain adequate insurance or that such coverage will cover any losses with respect to the Company’s SOL. Further, transactions in SOL are irrevocable. Stolen or incorrectly transferred SOL may be irretrievable. As a result, any incorrectly executed transactions of the Company’s SOL could adversely affect an investment in the Company’s common stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company’s shareholders have no specific rights to any specific SOL or other digital assets held by the Company. Shareholders own equity interests in the Company, not direct interests in the Company’s digital assets. In the event of the insolvency or bankruptcy of the Company, its assets, including digital assets, would be subject to the claims of creditors, and such assets may be inadequate to satisfy claims by shareholders. Additionally, in a bankruptcy proceeding, there may be disputes regarding the characterization and treatment of digital assets, which could further delay or reduce any potential recovery by shareholders. The legal and regulatory framework for digital assets in bankruptcy proceedings remains uncertain and evolving.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">On March 17, 2026, the SEC issued a joint interpretation with the CFTC clarifying the application of the federal securities laws to certain types of crypto assets and transactions involving crypto assets. The interpretation establishes a token taxonomy classifying crypto assets into five categories: (i) digital commodities; (ii) digital collectibles; (iii) digital tools; (iv) stablecoins; and (v) digital securities. The SEC explicitly identified SOL as a “digital commodity” that is not itself a security. Digital commodities are defined as crypto assets that are intrinsically linked to and derive their value from the programmatic operation of a functional crypto system, as well as supply and demand dynamics, rather than from the expectation of profits from the essential managerial efforts of others. The interpretation provides that digital commodities, digital collectibles, and digital tools are not themselves securities, though they may become subject to an investment contract under certain circumstances. The interpretation also clarifies that protocol staking activities do not involve the offer and sale of securities.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Although the SEC’s March 2026 interpretation provides significant clarity regarding the regulatory treatment of SOL and similar digital commodities, it is not federal legislation and uncertainty remains regarding certain aspects of digital asset regulation. A non-security crypto asset may become subject to the federal securities laws if it is offered and sold as part of an investment contract and digital commodities, such as SOL, are subject to federal commodities laws. Additionally, U.S. state and federal as well as foreign regulators and legislatures have taken and may take action against digital asset businesses or enacted restrictive regimes in response to adverse publicity arising from hacks, consumer harm, or criminal activity stemming from digital asset activity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">If SOL is determined to be a security under federal or state securities laws or in a proceeding in a court of law, or otherwise, it may have material adverse consequences for SOL, making it more difficult to be traded, cleared or custodied compared to other digital assets that are not considered securities. In addition, if SOL is considered a security, the Company could be considered an unregistered investment company under the Investment Company Act of 1940, which could require the Company to register as an investment company (which may not be feasible given our current structure and operations), restructure our business model, or liquidate. If the Company is required to comply with additional regulatory obligations, it could result in a significant increase in operating expenses and make it difficult to continue our current operations, which would materially and adversely affect our business, financial condition and results of operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company relies on certain third-party providers to perform certain functions essential to its operations. Any disruptions to the Company’s service providers’ business operations resulting from business failures, financial instability, security failures, government mandated regulation or operational problems could have an adverse impact on the Company’s ability to access critical services and would be disruptive to the operations of the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company may be subject to various litigation, regulatory investigations and other proceedings that arise in the ordinary course of business.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"> </p> false false false false 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. 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.