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RELATED PARTY TRANSACTIONS | 6 Months Ended | 12 Months Ended
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Mar. 31, 2025 | Sep. 30, 2024
Related Party Transactions [Abstract] |  |
RELATED PARTY TRANSACTIONS | NOTE 11 — RELATED PARTY TRANSACTIONS Related parties include key management personnel, their close family members and entities under their control or joint control. Key management personnel are those having authority and responsibility for the planning directing and controlling the activities of the entity, directly or indirectly. The Company defines key management personnel as the Company’s C-level executives and Board of Directors. The Company’s relationship with related parties who had transactions with the Company are summarized as follows: SCHEDULE OF RELATED PARTIES TRANSACTIONS
Related Party |  | Relationship with the Company
Qian Zhang |  | Former Director and CEO of Sundial from May 31, 2023 to July 10, 2024; Operating Officer (“COO”) of Sundial since July 10, 2024 Former Director and Interim CEO of Aether from August 25, 2023 to September 11, 2023
Hao Hu |  | Chief Information Officer (“CIO”) of Sundial since March 15, 2023; Director of Sundial since September 9, 2023; Interim Chief Executive Officer of Sundial since July 10, 2024; Former Director and CTO of Aether from August 25, 2023 to September 11, 2023
Nicolas Kuan Liang Lin |  | Chief Executive Officer (“CEO”) since September 11, 2023 and Director of Aether since August 25, 2023
David Chi Ching Ho |  | Chief Strategy Officer (“CSO”) since April 1, 2024
Siu Hang (Henry) Wong |  | Director of Business Development since December 1, 2024 to February 1, 2025 Former Chief Operating Officer (“COO”) from June 1, 2024 to November 20, 2024
Elixir Technology Inc. |  | Aether’s principal common shareholder
Jaclyn Wu |  | Director of Sundial since August 16, 2022; Director of Aether since August 25, 2023.
Monic Wealth Solutions Ltd. |  | Owned by Jaclyn Wu, a director of Aether and Sundial.
Ledger Pros LLC |  | Owned by Suresh R. Iyer, the Chief Financial Officer (“CFO”) since May 16, 2024
Suresh R. Iyer |  | Chief Financial Officer (“CFO”) since May 16, 2024
Related Party transactions The Company had the following related party transactions: A) Due to related parties The Company’s balances due to related parties as of March 31, 2025 and September 30, 2024 were as follows: SCHEDULE OF DUE TO RELATED PARTIES
Name |  | March 31, 2025 |  |  | September 30, 2024 |
Qian Zhang |  | $ | 5,034 |  |  | $ | 5,034 |
Elixir Technology Inc. |  |  | 5,157 |  |  |  | 5,157 |
Jaclyn Wu |  |  | 110,000 |  |  |  | 50,055 |
Nicolas Kuan Liang Lin |  |  | 170,000 |  |  |  | 80,014 |
David Chi Ching Ho |  |  | 60,000 |  |  |  | 29,959 |
Siu Hang (Henry) Wong |  |  | - |  |  |  | 4,931 |
Suresh R. Iyer |  |  | 12,000 |  |  |  | 6,000 |
Ledger Pros LLC |  |  | 29,400 |  |  |  | 10,800 |
Hao Hu |  |  | 6 |  |  |  | 2 |
Total due to related parties |  | $ | 391,597 |  |  | $ | 191,952 |
The amounts due to related party as of March 31, 2025 and September 30, 2024 are unsecured, interest-free, and due on demand. AETHER HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 11 — RELATED PARTY TRANSACTIONS (continued) Related Party transactions (continued) B) Services rendered from related party During the six months ended March 31, 2024, the Company issued 50,896 shares of common stock, valued at $0.84 per share, as compensation for consulting services provided by Monic Wealth Solutions Ltd., for a total value of $42,753. (See Note 8A). No shares were issued to Monic Wealth Solutions Ltd. for the six months ended March 31, 2025. During the three and six months ended March 31, 2024, the Company incurred $10,689 and $50,127 for the marketing and sales channel services provided by Monic Wealth Solutions Ltd. During the three and six months ended March 31, 2025, the Company incurred $0 for the for the marketing and sales channel services provided by Monic Wealth Solutions Ltd. During the three and six months ended March 31, 2025, the Company incurred $9,600 and 18,600 for the accounting services provided by Ledger Pros LLC. During the three and six months ended March 31, 2024, the Company incurred $0 for the accounting services provided by Ledger Pros LLC. C) Wages and salaries for services rendered by executive officers and directors SCHEDULE OF SERVICES RENDERED BY EXECUTIVE OFFICERS AND DIRECTORS
Name |  | March 31, 2025 |  |  | March 31, 2024 |
|  | For the three months ended |
Name |  | March 31, 2025 |  |  | March 31, 2024 |
Qian Zhang |  | $ | 28,800 |  |  | $ | 35,600 |
Hao Hu |  |  | 37,502 |  |  |  | 54,500 |
Jaclyn Wu |  |  | 30,000 |  |  |  | 15,000 |
Nicolas Kuan Liang Lin |  |  | 45,000 |  |  |  | - |
David Chi Ching Ho |  |  | 15,000 |  |  |  | - |
Siu Hang (Henry) Wong |  |  | 2,000 |  |  |  | - |
Suresh R. Iyer |  |  | 18,000 |  |  |  | - |
Total wages and salaries |  | $ | 176,302 |  |  | $ | 105,100 |
Name |  | March 31, 2025 |  |  | March 31, 2024 |
|  | For the six months ended |
Name |  | March 31, 2025 |  |  | March 31, 2024 |
Qian Zhang |  | $ | 57,600 |  |  | $ | 59,600 |
Hao Hu |  |  | 75,004 |  |  |  | 84,500 |
Jaclyn Wu |  |  | 60,000 |  |  |  | 15,000 |
Nicolas Kuan Liang Lin |  |  | 90,000 |  |  |  | - |
David Chi Ching Ho |  |  | 30,000 |  |  |  | - |
Siu Hang (Henry) Wong |  |  | 12,398 |  |  |  | - |
Suresh R. Iyer |  |  | 36,000 |  |  |  | - |
Total compensations paid to related parties |  | $ | 361,002 |  |  | $ | 159,100 |
Proforma wages and salaries paid to the executive officers and directors The Company entered into employment agreements with several executive officers and non-independent director agreements with Mr. Lin and Ms. Wu between April and August 2024. The general and administrative expenses for the three and six months ended March 31, 2024 would increase by $123,003 and $246,005 if the employment agreements with the executive officers and directors commenced on October 1, 2022. SCHEDULE OF PRO FORMA INFORMATION
Pro Forma information if employment agreements with the executive officers and directors commenced on October 1, 2022 |  | Three months ended March 31, 2024 |  |  | Six months ended March 31, 2024 |
General and administrative expenses (pro forma) |  | $ | 532,572 |  |  | $ | 949,629 |
Pro forma net loss and comprehensive loss (pro forma) |  |  | (305,278 | ) |  |  | (522,219 | )
Pro forma net loss per share – basic and diluted (pro forma) |  |  | (0.03 | ) |  |  | (0.06 | )
Weighted average number of shares of common stock outstanding – basic and diluted* |  |  | 9,531,267 |  |  |  | 9,181,426 |
* | Shares and per share data are presented on a retroactive basis to reflect the reorganization and the 1.2-for-1 reverse stock split.
AETHER HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) | NOTE 10 — RELATED PARTY TRANSACTIONS Related parties include key management personnel, their close family members and entities under their control or joint control. Key management personnel are those having authority and responsibility for the planning directing and controlling the activities of the entity, directly or indirectly. The Company defines key management personnel as the Company’s C-level executives and board of directors. The Company’s relationship with related parties who had transactions with the Company are summarized as follows: SCHEDULE OF RELATED PARTIES TRANSACTIONS
Related Party |  | Relationship with the Company
Qian Zhang |  | Former Director and CEO of Sundial from May 31, 2023 to July 10, 2024; Operating Officer (“COO”) of Sundial since July 10, 2024 Former Director and Interim CEO of Aether from August 25, 2023 to September 11, 2023
Hao Hu |  | Chief Information Officer (“CIO”) of Sundial since March 15, 2023; Director of Sundial since September 9, 2023; Interim Chief Executive Officer of Sundial since July 10, 2024; Former Director and CTO of Aether from August 25, 2023 to September 11, 2023
Nicolas Kuan Liang Lin |  | Chief Executive Officer (“CEO”) since September 11, 2023 and Director of Aether since August 25, 2023
David Chi Ching Ho |  | Chief Strategy Officer (“CSO”) since April 1, 2024
Siu Hang (Henry) Wong |  | Former Chief Operating Officer (“COO”) of Aether from June 1, 2024, to November 20, 2024
Jason Goepfert |  | Former 21% shareholder of Sundial, Director of Sundial from July 16, 2021 to December 19, 2022
Elixir Technology Inc. |  | Aether’s principal common shareholder
Jaclyn Wu |  | Director of Sundial since August 16, 2022; Director of Aether since August 25, 2023.
Monic Wealth Solutions Ltd. |  | Owned by Jaclyn Wu, a director of Aether and Sundial.
Ledger Pros LLC |  | Owned by Suresh R. Iyer, the Chief Financial Officer (“CFO”) since May 16, 2024
Suresh R. Iyer |  | Chief Financial Officer (“CFO”) since May 16, 2024
AETHER HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 10 — RELATED PARTY TRANSACTIONS (continued) Related Party transactions The Company had the following related party transactions: A) Due to related parties The Company’s balances due to related parties as of September 30, 2024 and 2023 were as follows: SCHEDULE OF DUE TO RELATED PARTIES
Name |  | September 30, 2024 |  |  | September 30, 2023 |
Qian Zhang |  | $ | 5,034 |  |  | $ | 12,262 |
Elixir Technology Inc. |  |  | 5,157 |  |  |  | 14,971 |
Jaclyn Wu |  |  | 50,055 |  |  |  | - |
Nicolas Kuan Liang Lin |  |  | 80,014 |  |  |  | - |
David Chi Ching Ho |  |  | 29,959 |  |  |  | - |
Siu Hang (Henry) Wong |  |  | 4,931 |  |  |  | - |
Suresh R. Iyer |  |  | 16,800 |  |  |  | - |
Hao Hu |  |  | 2 |  |  |  | - |
Total due to related parties |  | $ | 191,952 |  |  | $ | 27,233 |
The amounts due to related parties as of September 30, 2024 and 2023 primarily represent unpaid compensation for the Company’s executive officers and directors (See Note 10E). B) Payable related to acquisition of non-controlling interest to a related party SCHEDULE OF INTEREST TO A RELATED PARTY
Name |  | September 30, 2024 |  |  | September 30, 2023 |
Jason Goepfert |  | $ | - |  |  | $ | 128,267 |
Total payable related to acquisition of non-controlling interest to a related party |  | $ | - |  |  | $ | 128,267 |
C) Services rendered from related party During the fiscal year ended September 30, 2024, the Company issued 50,896 shares of common stock, valued at $0.84 per share, as compensation for consulting services provided by Monic Wealth Solutions Ltd., for a total value of $42,753. (See Note 7B). During the years ended September 30, 2024 and 2023, the Company incurred total selling expenses of $28,750 and $0 for the marketing and sales channel services provided by Monic Wealth Solutions Ltd. During the year ended September 30, 2023, the Company issued shares for an aggregate value of $351,562 to Mr. Hao Hu for services rendered to the Company. (See Note 7B) D) Acquisition of non-controlling interest in Sundial On January 1, 2023, Jason Goepfert (“Goepfert”) and Sundial entered into a share repurchase agreement. Pursuant to the agreement, Sundial repurchased 300 shares of Sundial common stock from Goepfert, free and clear of all liens, pledges, security interests, restrictions of transfer, or encumbrances of any kind for an aggregate price of $351,562, or $1,171.875 per share. (See Note 7A) AETHER HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 10 — RELATED PARTY TRANSACTIONS (continued) Related Party transactions (continued) E) Wages and salaries for services rendered by executive officers and directors SCHEDULE OF SERVICES RENDERED BY EXECUTIVE OFFICERS AND DIRECTORS
Name |  | September 30, 2024 |  |  | September 30, 2023 |
Name |  | September 30, 2024 |  |  | September 30, 2023 |
Qian Zhang |  | $ | 117,150 |  |  | $ | 60,000 |
Hao Hu |  |  | 159,502 |  |  |  | 72,000 |
Jason Goepfert |  |  | - |  |  |  | 35,321 |
Jaclyn Wu |  |  | 65,055 |  |  |  | - |
Nicolas Kuan Liang Lin |  |  | 80,014 |  |  |  | - |
David Chi Ching Ho |  |  | 29,959 |  |  |  | - |
Siu Hang (Henry) Wong |  |  | 19,931 |  |  |  | - |
Suresh R. Iyer |  |  | 36,450 |  |  |  | - |
Total wages and salaries |  | $ | 508,061 |  |  | $ | 167,321 |
Proforma wages and salaries paid to the executive officers and directors The Company entered into employment agreements with several executive officers and non-independent director agreements between April and August 2024. The general and administrative expenses for the years ended September 30, 2024 and 2023 would increase by $275,599 and $522,585 if the employment agreements with the executive officers and directors commenced on October 1, 2022. SCHEDULE OF PRO FORMA INFORMATION
Pro Forma information if employment agreements with the executive officers and directors commenced on October 1, 2022 |  | Year ended September 30, 2024 |  |  | Year ended September 30, 2023 |
General and administrative expenses (pro forma) |  | $ | 1,929,222 |  |  | $ | 1,809,875 |
Pro forma net loss and comprehensive loss (pro forma) |  |  | (1,215,035 | ) |  |  | (818,332 | )
Pro forma net loss per share – basic and diluted (pro forma) |  |  | (0.13 | ) |  |  | (0.10 | )
Weighted average number of shares of common stock outstanding – basic and diluted* |  |  | 9,499,792 |  |  |  | 7,918,379 |
* | Shares and per share data are presented on a retrospective basis to reflect the reorganization and the 1.2-for-1 reverse stock split.
AETHER HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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