v3.26.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
AOCI Attributable to Parent [Member]
Additional Paid-in Capital [Member]
Common Stock Including Additional Paid in Capital [Member]
Preferred Stock Including Additional Paid in Capital [Member]
Retained Earnings [Member]
Total
Balance at Sep. 30, 2024 $ 22,000 $ 2,399,000 $ 12,491,000 $ (70,031,000) $ (55,119,000)
Balance, shares at Sep. 30, 2024 374,933                
Share-based compensation     424,000     424,000
Share-based compensation, shares                
Settlement of RSUs     (1,924,000)     (1,924,000)
Settlement of RSUs, shares 14,941                
Conversion of convertible debt     (3,471,000)     (3,471,000)
Conversion of convertible debt, shares 6,025                
Share issuance        
Share issuance, shares 3,734                
Warrant exercises     401,000     401,000
Warrant exercises, shares 1,292                
Share redemption        
Share redemption, shares (672)                
Equity issued in business combinations        
Equity issued in business combinations, shares 549                
Net loss (3,983,000) (3,983,000)
Balance at Dec. 31, 2024 $ 22,000 2,399,000 7,921,000 (74,014,000) (63,672,000)
Balance, shares at Dec. 31, 2024 400,802                
Balance at Sep. 30, 2024 $ 22,000 2,399,000 12,491,000 (70,031,000) (55,119,000)
Balance, shares at Sep. 30, 2024 374,933                
Net loss                 (29,745,000)
Balance at Jun. 30, 2025 $ 21,000 13,881,000 38,642,000 (98,424,000) (45,880,000)
Balance, shares at Jun. 30, 2025 252,682                
Balance at Dec. 31, 2024 $ 22,000 2,399,000 7,921,000 (74,014,000) (63,672,000)
Balance, shares at Dec. 31, 2024 400,802                
Share-based compensation $ 2,000     3,919,000     3,921,000
Share-based compensation, shares 21,087                
Conversion of convertible debt     4,398,000     4,398,000
Conversion of convertible debt, shares 1,817                
Warrant exercises     (401,000)     (401,000)
Net loss (10,149,000) (10,149,000)
Share issuance for professional services $ 1,000     3,088,000     3,089,000
Share issuance for professional services, shares 26,109                
Issuance of Series A convertible preferred stock and warrants $ 2,000     3,638,000     3,640,000
Issuance of Series A convertible preferred stock and warrants, shares 30,789                
Shares issued for private placement     438,000     438,000
Shares issued for private placement, shares 122                
Balance at Mar. 31, 2025 $ 27,000 2,399,000 23,001,000 (84,163,000) (58,736,000)
Balance, shares at Mar. 31, 2025 480,726                
Share-based compensation $ 1,000     2,030,000     2,031,000
Share-based compensation, shares 14,835                
Warrant exercises     (70,000)     (70,000)
Net loss         (15,133,000) (15,133,000)
Capital contributions for settlement of historical related party loans         1,352,000 1,352,000
Shares redeemed in connection with business combinations [1] $ (26,000)     (7,244,000)     (7,270,000)
Shares redeemed in connection with business combinations, shares [1] (438,720)                
Shares issued for private placement, post-merger $ 9,000     8,791,000     8,800,000
Shares issued for private placement, post-merger, shares 21,333                
Shares issued for acquisition costs $ 1,000     3,341,000     3,342,000
Shares issued for acquisition costs, shares 26,654                
Fair value of shares issued to acquire Better Choice $ 9,000     8,930,000     8,939,000
Fair value of shares issued to acquire Better Choice, shares 148,301                
Share repurchase     (137,000)     (137,000)
Share repurchase, shares (1,280)                
Exercise of pre-funded warrants        
Exercise of pre-funded warrants, shares 833                
Foreign currency translation adjustment     11,482,000     11,482,000
Cumulative translation adjustment related to discontinued operations (480,000) (480,000)
Balance at Jun. 30, 2025 $ 21,000 $ 13,881,000 $ 38,642,000 (98,424,000) (45,880,000)
Balance, shares at Jun. 30, 2025 252,682                
Balance at Sep. 30, 2025 $ 31,000     23,304,000 (22,928,000) 407,000
Balance, shares at Sep. 30, 2025 416,542            
Share-based compensation $ 3,000     958,000 961,000
Share-based compensation, shares 45,395                
Warrant exercises    
Warrant exercises, shares 45,945                
Net loss     (8,614,000) (8,614,000)
Issuance of Series A convertible preferred stock and warrants       13,963,000 13,963,000
Issuance of Series A convertible preferred stock and warrants, shares   19              
Retraction of exchangeable shares and conversion to common stock    
Retraction of exchangeable shares and conversion to common stock, shares 128               128
ELOC shares issued $ 68,000     16,026,000 $ 16,094,000
ELOC shares issued, shares 1,139,267                
ELOC Commitment Note     (20,000,000) (20,000,000)
Debt extinguishment and Series A issuance     713,000 713,000
Balance at Dec. 31, 2025 $ 102,000     21,001,000 13,963,000 (31,542,000) 3,524,000
Balance, shares at Dec. 31, 2025 1,647,277 19            
Balance at Sep. 30, 2025 $ 31,000     23,304,000 (22,928,000) 407,000
Balance, shares at Sep. 30, 2025 416,542            
Net loss                 (19,135,000)
Balance at Jun. 30, 2026 $ 1,174,000     180,717,000 3,161,000 (42,063,000) 142,989,000
Balance, shares at Jun. 30, 2026 19,517,637 5,660            
Balance at Dec. 31, 2025 $ 102,000     21,001,000 13,963,000 (31,542,000) 3,524,000
Balance, shares at Dec. 31, 2025 1,647,277 19            
Warrant exercises $ 9,000     (9,000)
Warrant exercises, shares 152,639                
Net loss     (6,381,000) (6,381,000)
Share repurchase     (7,000) (7,000)
Share repurchase, shares (857)                
Retraction of exchangeable shares and conversion to common stock    
Retraction of exchangeable shares and conversion to common stock, shares 1,466                
ELOC shares issued $ 300,000     38,670,000 38,970,000
ELOC shares issued, shares 4,992,047                
Conversion of Series A convertible preferred stock $ 8,000     1,199,000 (1,207,000)
Conversion of Series A convertible preferred stock, shares 140,178 (2)              
Redemption and cancellation of Series A convertible preferred stock     (8,767,000) (13,006,000) (21,773,000)
Redemption and cancellation of Series A convertible preferred stock, shares   (17)              
Issuance of Series B convertible preferred stock and warrants     742,000 3,211,000 3,953,000
Issuance of Series B convertible preferred stock and warrants, shares     5,660            
Balance at Mar. 31, 2026 $ 419,000     52,829,000 2,961,000 (37,923,000) 18,286,000
Balance, shares at Mar. 31, 2026 6,932,750 5,660            
Warrant exercises $ 10,000     367,000 377,000
Warrant exercises, shares 161,285                
Net loss     (4,140,000) (4,140,000)
ELOC shares issued $ 213,000     25,058,000 25,271,000
ELOC shares issued, shares 3,547,706                
Conversion of ELOC Commitment Note $ 249,000     23,071,000 23,320,000
Conversion of ELOC Commitment Note, shares 4,156,959                
EMJX consideration shares issued $ 283,000     79,392,000 79,675,000
EMJX consideration shares issued, shares 4,718,937                
Proceeds from prior-period issuance of Series B Preferred Stock     200,000 200,000
Balance at Jun. 30, 2026 $ 1,174,000     $ 180,717,000 $ 3,161,000 $ (42,063,000) $ 142,989,000
Balance, shares at Jun. 30, 2026 19,517,637 5,660            
[1] Amounts have been retrospectively adjusted to reflect the capital structure of Better Choice Company Inc., the legal acquirer, in accordance with ASC 805-40. This adjustment reflects the par value difference and restated share count using the agreed upon exchange ratio of 1.76.