Discontinued Operations (Tables)

12 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations of Income Statement and Balance Sheet Disclosures

The balance sheets of Digipath Labs are summarized below:

	September 30, 2024		September 30, 2023
Current assets:
Accounts receivable, net	$	-	$	447,410
Deposits		-		18,675
Other current assets		-		20,137
Total current assets		-		486,222
Right-of-use asset		-		274,985
Fixed assets, net		-		368,681
Total long term assets		-		643,666
Total Assets	$	-	$	1,129,888
Current liabilities:
Accounts payable	$	-	$	158,869
Accrued expenses		-		61,512
Current portion of operating lease liabilities		-		83,757
Current maturities of notes payable		-		64,517
Total current liabilities		-		368,655
Operating lease liabilities		-		143,245
Notes payable		-		15,911
Total long term liabilities		-		159,156
Total Liabilities	$	-	$	527,811

The statements of operations of Digipath Labs combined are summarized below:

	For the Years Ended
	September 30,
	2024			2023
Revenues	$	1,635,299		$	3,330,704
Cost of sales		650,524			1,736,401
Gross profit		984,775			1,594,303
Operating expenses:
General and administrative		393,168			883,781
Professional fees		4,750			98,352
Total operating expenses		397,918			982,133
Operating income(loss)		586,857			612,170
Other income (expense):
Other income		-			322,798
Interest expense		(1,701	)		(6,539	)
Total other income (expense)		(1,701			316,259	)
Net income (loss)	$	585,156		$	928,429