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Segment information | 12 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment information | Note 16 – Segment information As of September 30, 2025, the Company reports one continuing operating segment, Consumer Products, following the classification of its previously reportable Health Solutions segment as discontinued operations. The Consumer Products segment includes the legacy Halo pet food business, consisting of premium pet products such as dry kibble, wet food, freeze-dried raw food, treats, and toppers for dogs and cats. This segment operates across various sales channels and represents the Company’s ongoing business. The Health Solutions segment, which encompassed the Company’s pharmacy network operations in Canada, has been classified as discontinued operations as of September 30, 2025, and accordingly, its results and related assets and liabilities are reported separately in the financial statements. Prior to discontinuation, the Company’s Chief Operating Decision Maker (“CODM”), the Board of Directors, evaluated the Company’s financial performance based on two segments: Health Solutions and Consumer Products. Following the classification of Health Solutions as discontinued, segment reporting focuses exclusively on the Consumer Products business. For the year ended September 30, 2025, segment financial information for continuing operations relates solely to the Consumer Products segment, which was acquired through business combination on April 25, 2025. There are no comparative results for 2024, as all operations that existed in 2024 relate to the Health Solutions segment, which is now classified as discontinued. The following table summarizes revenues, gross margin, and Adjusted EBITDA for the continuing Consumer Products segment for the years ended September 30, 2025 (in thousands): Schedule of segment information
|  | 2025 |  |  | 2024 |
|  | Twelve months Ended September 30, |
|  | 2025 |  |  | 2024 |
Net sales |  | $ | 6,534 |  |  | $ | — |
Cost of goods sold: |  |  |  |  |  |  |  |
Direct |  |  | 4,413 |  |  |  | — |
Indirect |  |  | 595 |  |  |  | — |
Total cost of goods sold |  |  | 5,008 |  |  |  | — |
Gross profit |  |  | 1,526 |  |  |  | — |
Segment expenses: |  |  |  |  |  |  |  |
Discretionary marketing |  |  | 890 |  |  |  | — |
Outbound freight |  |  | 6 |  |  |  | — |
Other segment expenses (a) |  |  | 12,036 |  |  |  | — |
Total segment expenses |  |  | 12,932 |  |  |  | — |
Loss from operations |  |  | (11,406 | ) |  |  | — |
Other income (expense): |  |  |  |  |  |  |  |
Interest expense |  |  | (628 | ) |  |  | — |
Loss on extinguishment of debt |  |  | (716 | ) |  |  | — |
Bargain purchase gain |  |  | 4,111 |  |  |  | — |
Other expense |  |  | — |  |  |  | — |
Total other income (expense) |  |  | 2,767 |  |  |  | — |
Net loss before income taxes |  |  | (8,639 | ) |  |  | — |
Income tax expense |  |  | — |  |  |  | — |
Net loss |  | $ | (8,639 | ) |  | $ | — |
(a) |  | Other segment expenses include employee compensation and benefits, share based compensation, non-cash charges, other sales and marketing costs, professional fees, broker commissions, and other general expenses
The accounting policies of the segment are consistent with those described in Note 1 - Summary of Significant Accounting Policies. Geographic Information Revenue by geography is based on where the customer is based. Summary financial data attributable to various geographic regions for the years indicated is as follows: Schedule of revenue by geography
|  | 2025 |  |  | 2024 |
|  | Year Ended September 30, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 5,505 |  |  | $ | — |
Taiwan |  |  | 833 |  |  |  | — |
Other |  |  | 196 |  |  |  | — |
Total |  | $ | 6,534 |  |  | $ | — |

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- Definition The entire disclosure for reporting segments including data and tables. 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