v3.25.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:      
Net loss $ (2,526,613) $ (6,571,184) $ (7,069,862)
Adjustments for items not affecting cash:      
Depreciation and amortization 409,899 425,763 407,013
Share-based compensation 972,879 1,977,187 2,061,810
Provision for accounts receivable 67,519
Net gain from disposal of fixed assets (480,235) (477,115)
Impairment of goodwill 14,038
Gain from settlement of student deposit refunds with Renda (1,200,000)
Deferred income tax expense 2,474 (354,012) 277,874
Changes in operating assets and liabilities      
Accounts receivable and other receivable (2,030,324) (414,866) 217,407
Prepaid expenses 612,548 1,020,250 (1,323,593)
Long-term prepaids   (7,500,023)
Operating lease – lease liabilities and right of use assets 154,768 25,064 (45,022)
Inventory 2,089 (7,285) (21,170)
Accounts payable & accrued liabilities (81,310) 1,112,423 (212,817)
Deferred revenue 710,445 1,274,677 233,493
Income tax receivable 439,546 7,399 254,342
Student deposits (46,040)
Net cash used in operating activities (2,946,315) (9,481,722) (5,252,527)
Cash Flows from Investing Activities:      
Purchase of property and equipment (292,842) (40,343) (14,231)
Share buyback (1,250,007)
Acquisition of additional interest in subsidiary (187,505)
Net cash acquired from business acquisitions 574,108
Proceeds from sale of fixed assets 1,748,128 757,115
Net cash provided from (used in) investing activities 1,455,286 716,772 (877,635)
Cash Flows from Financing Activities:      
Long term investment received for Gilmore 3,737,727
Share issuances, net of issuance costs 5,109,251 800,000
Proceeds borrowed from third party 409,956
Net cash provided from financing activities 5,109,251 4,947,683
Effect of exchange rate changes on cash and cash equivalents (13,742) 470 (7,346)
Net increase/(decrease) in cash, cash equivalents 3,604,480 (3,816,797) (6,137,508)
Cash and cash equivalents and restricted cash, beginning of year 1,488,754 5,305,551 11,443,059
Cash and cash equivalents and restricted cash, end of year 5,093,234 1,488,754 5,305,551
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:      
Interest paid
Income taxes paid 1,130 10,787 10,575
Non-cash investing activities – acquisition of operating lease right-of-used assets 120,773 2,267,597 561,247
Non-cash investing activities – assumption of operating lease obligation $ 120,759 $ 2,238,099 $ 572,564