XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities:    
Net loss $ (585,651,086) $ (708,065)
Adjustments to reconcile net loss to net cash used in operating activities:    
Share-based compensation 17,159 20,328
Depreciation and amortization 25,638 83,748
Credit loss expense 0 24,060
Loss on digital assets 560,212,231 0
Impairment of digital assets 33,044,322 0
Non-cash digital asset revenue, net (16,461,936) 0
Goodwill impairment 0 225,000
Changes in operating assets and liabilities:    
Accounts receivable (1,199,050) (216,388)
Contract assets (3,165) 388,290
Prepaid expenses and other current assets (1,796,003) 34,421
Accounts payable (50,441) 46,517
Accounts payable-related party 692,921 0
Deferred income 427,660 (120,832)
Net changes in operating lease liabilities (2,090) 214
Accrued expenses and other current liabilities 2,814,689 (130,616)
Net cash used in operating activities-continuing operations (7,929,151) (353,323)
Net cash used in operating activities-discontinued operations 0 (80,960)
Net cash used in operating activities (7,929,151) (434,283)
Investing Activities:    
Purchases of property and equipment 0 (5,418)
Purchases of digital assets (335,050,009) 0
Sales of digital assets 333,973,402 0
Net cash used in investing activities (1,076,607) (5,418)
Financing Activities:    
Fees associated with Securities Purchase Agreement (229,699) 0
Proceeds from ATM, net 7,457,186 0
Proceeds from stock options exercised 26,110 0
Treasury stock purchases (10,882,955) 0
Deferred financing costs associated with ATM (143,778) 0
Net cash used in financing activities (3,773,136) 0
Net decrease in cash (12,778,894) (439,701)
Cash at beginning of period 38,166,973 2,777,125
Cash at end of period 25,388,079 2,337,424
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 0 11,967
Cash paid for taxes 0 0
Supplemental Disclosures of Non-Cash Investing and Financing Activities:    
Operating lease assets obtained in exchange for operating lease liabilities 0 157,424
Digital assets loan receivable 43,316,611 0
Digital assets loan payable $ 3,499,535 $ 0