Quarterly report [Sections 13 or 15(d)]

Note 3 - Discontinued Operations (Tables)

v3.25.4
Note 3 - Discontinued Operations (Tables)
3 Months Ended
Dec. 31, 2025
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   

Three Months Ended

 
   

December 31,

 
   

2025

   

2024

 
                 

Net revenues

  $ —     $ 4,484,591  
                 

Cost of sales

    —       2,900,514  
                 

Gross profit

    —       1,584,077  
                 

Operating expenses

    —       1,101,987  
                 

Loss on sale of FC2 business

    —       (4,204,435 )
                 

Operating loss

    —       (3,722,345 )
                 

Non-operating expenses:

               

Interest expense

    —       (164,270 )

Change in fair value of derivative liabilities

    —       (3,138,316 )

Other expense, net

    —       (31,960 )

Total non-operating expenses

    —       (3,334,546 )
                 

Loss before income taxes

    —       (7,056,891 )
                 

Income tax expense

    —       78,553  
                 

Net loss from discontinued operations, net of taxes

  $ —     $ (7,135,444 )
Schedule of Disposal Groups, Including Discontinued Operations, Cash Flow Information [Table Text Block]
   

Three Months Ended

 
   

December 31,

 
   

2025

   

2024

 
                 

Total net cash used in operating activities from discontinued operations

  $ —     $ (325,454 )

Total net cash provided by investing activities from discontinued operations

  $ —     $ 16,156,882