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Customer Assets and Liabilities
 12 Months Ended
Sep. 30, 2024
Customer Assets and Liabilities [Abstract]  
CUSTOMER ASSETS AND LIABILITIES

NOTE 6 – CUSTOMER ASSETS AND LIABILITIES

 

The following table presents customer assets and liabilities:

 

   September 30,   September 30, 
   2024   2023 
Customer custodial funds  $31,781   $672,501 
Customer digital currency assets   615,361    
-
 
Total customer assets  $647,142   $672,501 
           
Customer custodial cash liabilities  $827,589   $1,443,011 
Customer digital currency liabilities   23,605    
-
 
Total customer liabilities  $851,194   $1,443,011 

 

The customer assets and liabilities were in a deficit position of $204,052 and $770,510 at September 30, 2024 and 2023, respectively. During the years ended September 30, 2024 and 2023, no losses have been incurred in connection with customer digital currency assets.

 

The following table sets forth the fair value of customer digital currency assets (see Note 13), as shown in the consolidated balance sheets:

 

   September 30, 2024   September 30, 2023 
   Fair Value  

Percentage of

Total

   Fair Value  

Percentage of

Total

 
Stablecoin/USD Coin  $589,401    95.8%   
—
    
—
%
Other   25,960    4.2%   
—
    
—
%
Total customer digital currency assets  $615,361    100.0%   
—
    
—
%