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Fair Value Measurement
 12 Months Ended
Sep. 30, 2024
Fair Value Measurement [Abstract]  
FAIR VALUE MEASUREMENT

NOTE 13 – FAIR VALUE MEASUREMENT

 

The following table sets forth by level, within the fair value hierarchy, the Company’s assets and liabilities measured and recorded at fair value on a recurring basis as of September 30, 2024:

 

   Quoted    Significant
Other		   Significant     
   Price in   Observable   Unobservable   Balance at 
   Active Markets   Inputs   Inputs   September 30, 
   (Level 1)   (Level 2)   (Level 3)   2024 
Assets                
Customer digital currency assets  $         —   $615,361           —   $615,361 
Total assets  $—   $615,361   $—   $615,361 
                     
Liabilities                    
Customer digital currency liabilities  $—   $23,605   $—   $23,605 
Total liabilities  $—   $23,605   $—   $23,605 

 

Customer digital currency assets and liabilities represent the Company’s obligation to safeguard customer digital currencies. Accordingly, the Company has valued the assets and liabilities using quoted market prices for the underlying digital currencies which is based on Level 2 inputs. The Company did not make any transfers into or out of Level 3 of the fair value hierarchy during the years ended September 30, 2024 and 2023.

 

The Company had no assets or liabilities measured and recorded at fair value on a recurring basis as of September 30, 2023.