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THE ACQUISITION OF THE Company of AI Solutions and Insurance Business (Tables)

6 Months Ended

Mar. 31, 2025

THE ACQUISITION OF THE Company of AI Solutions and Insurance Business

Schedule of identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition

The following summarizes the identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition as of December 27, 2024:

​	​	​	​
Items		Amount
Assets		​
Cash and cash equivalent	​	$	2,146,491
Accounts receivable, net	​		4,603,565
Other current assets	​		10,380,773
Property and equipment, net	​		157,626
Operating lease right of use assets	​		181,922
Deferred tax assets	​		174,138
Liabilities	​
Insurance premium payables	​		979,989
Accounts payable	​		4,039,426
Taxes payable	​		34,243
Operating lease liabilities, current	​		181,922
Accrued expenses and other payables	​		7,662,537
Total net assets	​	$	4,746,398

The following summarizes the identified assets acquired and liabilities assumed pursuant to the THE Company of AI Solutions and Insurance Business acquisition as of December 27, 2024:

​	​	​	​
Items		Amount
Assets		​
Cash and cash equivalent	​	$	2,146,491
Accounts receivable, net	​		4,603,565
Other current assets	​		10,380,773
Property and equipment, net	​		157,626
Operating lease right of use assets	​		181,922
Deferred tax assets	​		174,138
Liabilities	​
Insurance premium payables	​		979,989
Accounts payable	​		4,039,426
Taxes payable	​		34,243
Operating lease liabilities, current	​		181,922
Accrued expenses and other payables	​		7,662,537
Total net assets	​	$	4,746,398

Schedule of consideration

​

​	​	​	​
The value of the shares issued on December 27, 2024		​	139,991,322
Total consideration	​	$	139,991,322
Net assets	​		4,746,398
Goodwill	​		135,244,924

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Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

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-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-3

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Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

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