| Schedule of segment performance |
| Schedule of segment performance | |
| | | |
| | |
| | |
Design Segment | |
| | |
Fiscal 2025 | | |
Fiscal 2024 | |
| Revenues | |
$ | 13,606,000 | | |
$ | 19,991,000 | |
| Cost of revenues | |
| 12,708,000 | | |
| 14,691,000 | |
| Depreciation expense (a) | |
| 119,000 | | |
| 116,000 | |
| Gross profit | |
| 779,000 | | |
| 5,184,000 | |
| Sales and marketing personnel costs | |
| 356,000 | | |
| 541,000 | |
| Sales promotion and marketing expenses | |
| 139,000 | | |
| 218,000 | |
| General and administrative personnel costs | |
| 1,872,000 | | |
| 2,627,000 | |
| Occupancy costs | |
| 668,000 | | |
| 662,000 | |
| Amortization expense (a) | |
| 213,000 | | |
| 213,000 | |
| Impairment of goodwill and intangible assets | |
| 2,026,000 | | |
| 200,000 | |
| Interest income | |
| (37,000 | ) | |
| (79,000 | ) |
| Other segment expenses (b) | |
| 701,000 | | |
| 698,000 | |
| (Loss)/income from continuing operations before income taxes | |
$ | (5,159,000 | ) | |
$ | 104,000 | |
| | |
| | | |
| | |
| | |
Digital Assets Segment | |
| | |
Fiscal 2025 | | |
Fiscal 2024 | |
| Revenues | |
$ | 4,582,000 | | |
$ | – | |
| Cost of revenues | |
| 170,000 | | |
| – | |
| Gross profit | |
| 4,412,000 | | |
| – | |
| Asset management fees (a) | |
| 539,000 | | |
| – | |
| Loss on change in fair value of digital assets | |
| 160,035,000 | | |
| – | |
| Loss from continuing operations before income taxes | |
$ | (156,162,000 | ) | |
$ | – | |
| (a) |
Depreciation expense, amortization expense and asset management fees are not regularly provided to the CODM, however they are components of loss from continuing operations before income taxes and identified as a "specific profit or loss" item and therefore disclosed separately in accordance with the related accounting guidance. |
| (b) |
Other segment expenses include insurance expense, bad debt expense, bank and payroll processing fees, and various other general and administrative expenses. |
|
| Schedule of reconciliation of segment loss |
| Schedule of reconciliation
of segment loss | |
| | | |
| | |
| | |
Fiscal 2025 | | |
Fiscal 2024 | |
| Design segment loss from continuing operations before income taxes | |
$ | (5,159,000 | ) | |
$ | 104,000 | |
| Digital assets segment loss from continuing operations before income taxes | |
| (156,162,000 | ) | |
| – | |
| Corporate and other non-segment expenses | |
| (7,748,000 | ) | |
| (2,247,000 | ) |
| Consolidated loss from continuing operations before income taxes | |
$ | (169,069,000 | ) | |
$ | (2,143,000 | ) |
|
| Schedule of segment assets |
| Schedule of segment assets | |
| | | |
| | |
| | |
Segment Assets at September 30, | |
| | |
2025 | | |
2024 | |
| Design segment | |
$ | 3,380,000 | | |
$ | 5,820,000 | |
| Digital assets segment | |
| 1,430,486,000 | | |
| – | |
| Total segment assets | |
| 1,433,866,000 | | |
| 5,820,000 | |
| General corporate assets | |
| 41,076,000 | | |
| 6,040,000 | |
| Discontinued assets held for sale | |
| – | | |
| 2,908,000 | |
| Total assets | |
$ | 1,474,942,000 | | |
$ | 14,768,000 | |
|