Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Sep. 30, 2024
Current assets:
Cash and cash equivalents	$ 193,629	$ 14,566
Short term investment	58,308	15,940
Accounts receivable, (net of allowance for doubtful accounts)	1,780	1,359
Inventory	1,380	1,148
Prepaid expenses and other current assets	429	33
Total current assets	255,526	33,046
Property and equipment, net	5,579	738
Notes revievable	523
Operating lease right-of-use-assets	731	506
Intangible assets, Net	9,761	7,621
Other assets, non-current	638	740
Total assets	272,758	42,651
Current liabilities:
Accounts payable	397	150
Deferred revenue	248
Accrued expenses and other payables	1,377	97
Short-term loan		53
Tax payables	55	5
Operating lease liabilities, current	301	150
Total current liabilities	2,378	455
Long-term payables	118	102
Operating lease liabilities, non-current	429	356
Total liabilities	2,925	913
Commitments and contingencies (Notes 7)
Stockholders’ equity:
Additional Paid-in Capital	293,156	49,667
Accumulated other comprehensive income	393
Retained earnings	(23,693)	(7,939)
Total controlling stockholders’ equity	269,876	41,738
Non-controlling interests	(43)
Total stockholder’s equity	269,833	41,738
Total liabilities and stockholder’s equity	272,758	42,651
Class A Common Stock
Stockholders’ equity:
Common stock, value	4	4
Class B Common Stock
Stockholders’ equity:
Common stock, value	$ 16	$ 6