XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Intangible Assets, Net | 12 Months Ended
--- | ---
Sep. 30, 2024
Intangible Assets, Net [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 8 – INTANGIBLE ASSETS, NET Intangible assets, net consists of acquired intangible assets and digital assets. Acquired intangible assets: Acquired intangible assets and their associated weighted average remaining useful lives consisted of the follow:
|  | Weighted Average Remaining |  |  | September 30, |  |  | September 30, |
|  | Life (Years) |  |  | 2024 |  |  | 2023 |
Trade names |  | 0.0 |  |  | $ | 784,246 |  |  | $ | 784,246 |
Regulatory licenses |  | 1.5 |  |  |  | 180,227 |  |  |  | 180,227 |
Technology |  | 0.0 |  |  |  | 10,300,774 |  |  |  | 10,300,774 |
Software |  | 0.0 |  |  |  | 11,237 |  |  |  | 11,237 |
|  |  |  |  |  | 11,276,484 |  |  |  | 11,276,484 |
Less: accumulated amortization |  |  |  |  |  | (5,553,655 | ) |  |  | (5,539,945 | )
Less: impairment loss |  |  |  |  |  | (5,703,539 | ) |  |  | (5,703,539 | )
Total acquired intangible assets, net |  |  |  |  | $ | 19,290 |  |  | $ | 33,000 |
For the years ended September 30, 2024 and 2023, amortization expense of acquired intangibles assets amounted to $13,813 and $2,380,115, respectively, of which, $0 and $2,106,404, respectively, was included in cost of revenue – financial services, and $13,813 and $273,711 was included in operating expenses, respectively. Amortization of intangible assets attributable to future periods is as follows:
|  | Amortization |
For the Year Ending September 30: |  | Amount |
2025 |  | $ | 13,825 |
2026 |  |  | 5,465 |
|  | $ | 19,290 |
Digital Assets: The following table summarizes the Company’s digital asset holdings as of September 30, 2024:
Asset |  | Estimated Useful Life |  | Cost |  |  | Impairment |  |  | Digital Assets |
Bitcoin |  | Indefinite |  | $ | 214 |  |  | $ | - |  |  | $ | 214 |
Ethereum |  | Indefinite |  |  | 182 |  |  |  | - |  |  |  | 182 |
Total digital assets |  |  |  | $ | 396 |  |  | $ | - |  |  | $ | 396 |
The following table summarizes the Company’s digital asset holdings as of September 30, 2023:
Asset |  | Estimated Useful Life |  | Cost |  |  | Impairment |  |  | Digital Assets |
Bitcoin |  | Indefinite |  | $ | 894 |  |  | $ | - |  |  | $ | 894 |
Ethereum |  | Indefinite |  |  | 709 |  |  |  | - |  |  |  | 709 |
Stablecoin/USD Coin |  | Indefinite |  |  | 284 |  |  |  | - |  |  |  | 284 |
Other |  | Indefinite |  |  | 86 |  |  |  | - |  |  |  | 86 |
Total digital assets |  |  |  | $ | 1,973 |  |  | $ | - |  |  | $ | 1,973 |

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration