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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Segment Reporting, Policy (Policies)
 9 Months Ended
Jun. 30, 2026
Policies  
Segment Reporting, Policy

Segment Reporting

ASC Topic 280, Segment Reporting, establishes standards for companies to report, in their financial statements, information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s CODM has been identified as the Chief Financial Officer, who reviews the assets, operating results and financial metrics for the Company to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

 

The CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total assets, which include the following:

 

Cash and bank

$

72,051

Prepaid expense

 

164,750

Interest Receivable on note

 

3,097

Notes Receivable

 

155,000

Total Assets

$

394,898

 

For three months

ended June 30, 2026

 

For nine months

ended June 30, 2026

 

 

 

 

 

 

Legal and professional

$

1,283,346

 

$

2,856,038

Consulting

 

17,000

 

 

86,738

License fee

 

-

 

 

50,000

Software and subscriptions

 

285

 

 

285

Travel

 

-

 

 

6,300

Bank fees and service charges

 

435

 

 

936

Unrealized loss in fair value of SAFE liability

 

-

 

 

1,683

Interest income (expense) - net

 

(2,990)

 

 

(2,890)

Net loss

$

1,298,076

 

$

2,999,090

 

Segment Reconciliation:

 

Three Months

 

Nine Months

 

 

 

 

Segment net loss - net loss

$

1,298,076

 

$

2,999,090

Segment loss before income taxes

$

1,298,076

 

$

2,999,090