v3.26.1
NOTES TO THE CONSOLIDATED IN FINANCIAL STATEMENTS (Tables)
 9 Months Ended
Jun. 30, 2026
Defined Benefit Plan Disclosure [Line Items]  
SCHEDULE OF ACCOUNTS RECEIVABLES

 

   June 30,
2026		   September 30,
2025		 
Accounts receivable  $-   $57,365 
Less: allowance for credit losses   -    (2,107)
Accounts receivable, net   -    55,258 
SCHEDULE OF MOVEMENTS IN ALLOWANCE FOR CREDIT LOSSES

The movements in the allowance for credit losses were as follows:

 

   June 30,
2026		   September 30,
2025		 
Balance at beginning of the year  $(2,107)  $(3,450,141)
Additions   (82)   (2,098)
Foreign currency translation   605    (9)
Write-offs   1,584    3,450,141 
Balance at end of the year   -    (2,107)
SCHEDULE OF INVENTORY

Inventories, net consisted of the following:

 

   June 30,
2026		   September 30,
2025		 
Raw materials  $-   $12,799,608 
Finished goods   -    154 
Total inventories, gross   -    12,799,762 
Less: inventory write-down   -    (906,444)
Inventories, net   -    11,893,318 
SCHEDULE OF MOVEMENTS IN INVENTORIES

The movements in the inventories write-down were as follows:

 

   June 30,
2026		   September 30,
2025		 
Balance at beginning of the year  $(906,444)  $(815,498)
Additions   -    (902,776)
Foreign currency translation   260,124    (3,668)
Write-offs   646,320    815,498 
Balance at end of the year   -    (906,444)
SCHEDULE OF PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets as of June 30, 2026 and September 30, 2025 were comprised of the following:

 

   June 30,
2026		   September 30,
2025		 
Prepaid expenses  $291,505   $291,445 
VAT input tax to be deducted   74,544    - 
Prepaid tax(1)   1,314,576    1,286,205 
Advances to suppliers   -    1,458,569 
Deferred equity issuance cost   -    1,797,500 
Other current assets   8,244    114,303 
Total   1,688,869    4,948,022 

 

(1) Prepaid tax represents input value-added tax (“VAT”) paid in advance for which the related VAT invoices had not yet been received as of the reporting date. Subsequent to period end, the Company received a portion of the outstanding invoices, and management expects to obtain the remaining invoices within nine months. Accordingly, management believes the prepaid tax balance is fully recoverable.
   
(2) As of June 30, 2026, the total amount paid to suppliers was $291,505, of which $290,975 represented advances to Beijing Yingtian Huyu Technology Co., Ltd. The Company is currently evaluating the SaaS live-streaming system of Beijing Yingtian Huyu Technology Co., Ltd., and the implementation plan for any subsequent advances is expected to be determined in 2026.
SCHEDULE OF PROPERTY AND EQUIPMENT

Property and equipment, net consisted of the following as of June 30, 2026 and September 30, 2025:

 

   June 30,
2026		   September 30,
2025		 
Machinery & Equipment  $18,614   $30,910 
Vehicles   -    - 
Gross property and equipment   18,614    30,910 
Less: accumulated depreciation   (17,639)   (28,710)
Less: reclassification to assets held for sale   -    - 
Less: disposal of property and equipment   -    - 
Net property and equipment   975    2,200 
SCHEDULE OF OTHER INFORMATION RELATED TO OPERATING LEASE

As of June 30,2026, the Company’s operating leases had a weighted-average remaining lease term of one year and a weighted-average discount rate of 3%. Other information related to the Company’s operating leases is as follows:

 

Right-of-Use Assets  Amount 
ROU asset – September 30, 2025  $20,340 
ROU assets added during the year   28,757 
Amortization during the period   (36,437)
ROU assets decreased during the year   (9,753)
ROU asset – June 30,2026  $2,907 

 

Lease Liabilities  Amount 
Lease liability – September 30, 2025  $13,346 
Lease liability added during the year   - 
Reduction during the period   (13,346)
Lease liability – June 30,2026  $- 

 

Lease Liabilities by Maturity  Amount 
Lease Liability – Short-Term  $       - 
Lease Liability – Long-Term   - 
Lease Liability – Total  $- 
SCHEDULE OF CASH AND NON-CASH ACTIVITIES OF LEASES

The following table summarizes the Company’s operating lease cost, short-term lease cost, and related cash flow information for the nine months ended June 30,2026:

 

Operating lease expenses  $36,437 
Short-term lease expenses   13,053 
Cash paid for amounts included in the measurement of lease liabilities   26,858 
Lease amortization   36,437 
Interest portion   720 
SCHEDULE OF INTANGIBLE ASSETS

The following table summarizes the Company’s intangible assets as of June 30, 2026:

 

  

Gross Carrying

Amount

  

Accumulated

Amortization

  

Net Carrying

Amount

 
Trademarks  $140,000   $(140,000)  $          - 
Software   34,586    (34,586)   - 
Total   174,586    (174,586)   - 

 

 

The following table summarizes the Company’s intangible assets as of September 30, 2025:

 

  

Gross Carrying

Amount

  

Accumulated

Amortization

  

Net Carrying

Amount

 
             
Trademarks  $140,000   $(140,000)  $- 
Software   33,016    (30,815)   2,201 
Total   173,016    (170,815)   2,201 
SCHEDULE OF BITCOIN ACTIVITY

The following table is a summary of the Company’s Bitcoin activities as of June 30, 2026:

 

   Amount 
Beginning balance as of September 30, 2025  $57,024,465 
Increase in digital assets - Bitcoin   51,456,951 
Decrease in digital assets - Bitcoin   - 
Net change in fair value   (41,286,525)
Ending balance as of June 30, 2026  $67,194,891 
SCHEDULE OF ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses as of June 30, 2026 and September 30, 2025 were as follows:

 

  

June 30,

2026

  

September 30,

2025

 
Accounts payable  $354,720   $429,322 
Accrued expenses   1,197,854    1,034,822 
Total   1,552,574    1,464,144 
SCHEDULE OF OTHER CURRENT LIABILITIES

Other current liabilities consisted of the following:

 

  

June 30,

2026

  

September 30,

2025

 
Advances received for equity subscriptions(1)  $159,657   $18,134,657 
Provision for liabilities related to directors’ litigation(2)   222,062    222,062 
Professional service fees payable – Bitcoin transaction(3)   1,885,651    3,663,269 
Others   704,845    230,602 
Total   2,972,215    22,250,590 

 

(1) Advances received for equity subscriptions

 

Advance receipts for equity subscriptions are as follows: $129,662.80 for a share subscription by Mr. Sooncha Kim, $29,994.20 for a share subscription by Mr. Kenji Hashimoto.

 

(2) Provision for liabilities related to directors’ litigation

 

The provision for liabilities related to directors’ litigation of $222,062 represents management’s estimate of costs associated with ongoing legal proceedings involving certain directors as of June 30, 2026.

 

(3) Professional service fees payable – Bitcoin transaction
SCHEDULE OF TAX PAYABLE

As of June 30, 2026 and September 30, 2025, taxes payable amounted to $2,458,898 and $1,314,686, respectively.

 

  

June 30,

2026

  

September 30,

2025

 
Accrued sales taxes payable  $2,455,905   $1,311,578 
Other tax payable   2,993    3,108 
Total   2,458,898    1,314,686 
SCHEDULE OF INCOME TAX EXPENSE BENEFIT

 

   Nine months ended
June 30, 2026		 
Current income tax expense  $- 
Deferred income tax expense   - 
Total income tax expense   - 
      
Reconciliation of Statutory Tax Benefit to Income Tax Expense     
Tax benefit at statutory U.S. federal rate (21%)  $(9,528,676)
Effect of different tax rates applicable to subsidiaries   57,857 
Effect of unrecognized deductible temporary differences   (8,670,171)
Effect of tax loss carryforwards   18,140,990 
Income tax expense  $- 
Nonrelated Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
SCHEDULE OF CONVERTIBLE NOTES

 

  

June 30,

2026

  

September 30,

2025

 
Beginning balance  $      -   $1,063,624 
Issuance of convertible notes   -    10,144,186 
Fair value adjustment   -    - 
Conversion to Common Stock   -    (11,207,810)
Ending balance   -    - 
Related Party [Member]  
Defined Benefit Plan Disclosure [Line Items]  
SCHEDULE OF CONVERTIBLE NOTES

 

  

June 30,

2026

  

September 30,

2025

 
Beginning balance  $1,838,041   $319,220 
Issuance of convertible notes   1,600,000    3,693,041 
Interest Payable   32,976    - 
Conversion to Common Stock   (3,471,017)   (2,174,220)
Ending balance   -    1,838,041