XML 55 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1
Income Taxes (Tables)
12 Months Ended
Sep. 30, 2024
Income Taxes [Abstract]  
Schedule of Components for Net Loss The components of net loss were attributable to the following regions:
   Years Ended September 30, 
   2024   2023 
United States  $7,638,784   $16,285,346 
Foreign   879,736    1,143,082 
Total  $8,518,520   $17,428,428 
Schedule of Components of Income Taxes Expense The components of income taxes expense consisted of the following:
    Years Ended September 30,  
    2024     2023  
Current:            
Federal   $     $  
State            
Foreign            
Total current income taxes expense            
Deferred:                
Federal     (1,428,756 )     (665,382 )
State     (483,736 )     (225,279 )
Foreign     (163,087 )     (98,604 )
Total deferred income taxes (benefit)     (2,075,579 )     (989,265 )
Change in valuation allowance     2,075,579       989,265  
Total income taxes expense   $     $  
Schedule of Reconciliations of Statutory Income Tax Rate The reconciliations of the statutory income tax rate and the Company’s effective income tax rate were as follows:
   Years Ended September 30, 
   2024   2023 
Statutory federal income tax rate   21.0%   21.0%
State tax   6.0%   0.8%
Foreign rate different rates   (0.2)%   (0.1)%
Permanent differences   (0.9)%   (17.2)%
Change in valuation allowance   (25.9)%   (4.5)%
Effective tax rate   0.0%   0.0%

 

Schedule of Net Deferred Tax Assets (Liabilities) The components of the Company’s net deferred tax assets (liabilities) as of September 30, 2024 and 2023 were as follows:
   September 30,   September 30, 
   2024   2023 
Deferred tax assets        
Net operating loss carry-forwards  $2,917,949   $1,726,620 
Accrued directors’ compensation   137,890    100,410 
Stock-based compensation   718,518    653,976 
Impairment of digital assets   
-
    1,511 
Allowance for credit losses   11,027    123,554 
Unrealized foreign currency exchange loss   
-
    612 
Capitalized SPAC acquisition related professional fee   1,261,780    364,902 
Total deferred tax assets, gross   5,047,164    2,971,585 
Valuation allowance   (5,047,164)   (2,971,585)
Total deferred tax assets  $
-
   $
-