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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net loss from continuing operations $ (1,921,805) $ (3,471,452)
Losses caused by the termination of business (331,090)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 15,444 102,256
Noncash lease expense 83,300 131,607
Stock option expense 65,948
Common stock compensation 523,680
Loss from equity method investment 2,123
Loss on acquisition 20,164
Change in operating assets and liabilities:    
Accounts receivable (71,034) 151,088
Inventories (8,147,696) (243,298)
Prepaid expenses and other current assets 206,027 68,288
Other assets 4,707
Accounts payable (783,038) 822,047
Deferred income (74,363)
Lease liability – operating lease (86,388) (187,575)
Accrued expenses and other current liabilities (132,988) (55,342)
Other non-current liabilities 73,997
Net cash used in operating activities (10,294,334) (2,609,969)
Discontinued Operations:    
Interest income(expense), net 170
Depreciation from discontinued operations 5,933
Changes in operating assets and liabilities 327,972
Cash flows generated from discontinued business operations 2,985
Investing activities:    
Purchase of equipment (306,241)
Proceeds from disposal of equipment 10,736
Cash received from the acquisition of subsidiaries 2,031
Net cash used in investing activities 12,767 (306,241)
Financing activities:    
Proceeds from loans (1,486,995)
Repayment of loans (190,675)
Repayment of finance lease (15,297)
Borrowings from loans 191,094
Proceeds from sales of future receipts 195,001
Proceeds from equipment finance 262,893
Proceeds from private placement 2,000,000 159,656
Proceeds from issuance of common stock, ATM offering, net of issuance cost 9,561,299 1,099,254
Proceeds from exercise of options 177,864
Net cash provided by (used in) financing activities 10,074,304 1,879,790
Effect of foreign exchange on cash (254,555) 50,566
Net change in cash (461,818) (982,869)
Cash, beginning of period 464,222 982,869
Cash, end of period 2,404
Supplemental disclosure of cash flow information:    
Cash paid for interest 1,338
Cash paid for taxes 2,618
Subscription receivable $ 438,701