Nukkleus (NUKKW) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Mar. 31, 2024	Aug. 12, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Information [Line Items]
Entity Registrant Name	Nukkleus Inc.
Entity Central Index Key	0001787518
Entity File Number	001-39341
Entity Tax Identification Number	38-3912845
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	No
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	525 Washington Boulevard
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07310
Entity Phone Fax Numbers [Line Items]
City Area Code	212
Local Phone Number	791-4663
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		16,791,964
Common Stock, $0.0001 par value per share
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	NUKK
Security Exchange Name	NASDAQ
Warrants, each warrant exercisable for one Share of Common Stock for $11.50 per share
Entity Listings [Line Items]
Title of 12(b) Security	Warrants, each warrant exercisable for one Share of Common Stock for $11.50 per share
Trading Symbol	NUKKW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Sep. 30, 2023
CURRENT ASSETS:
Cash	$ 305,589	$ 19,318
Customer custodial cash	345,631	672,501
Customer digital currency assets	8,100
Digital assets	15,475	1,973
Due from affiliates	50,094	2,039,274
Other current assets	48,364	32,522
TOTAL CURRENT ASSETS	808,253	2,928,408
NON-CURRENT ASSETS:
Cost method investment	391,217	391,217
Intangible assets, net	26,182	33,000
TOTAL NON-CURRENT ASSETS	417,399	424,217
TOTAL ASSETS	1,225,652	3,352,625
CURRENT LIABILITIES:
Accounts payable	310,449	138,666
Customer custodial cash liabilities	882,152	1,443,011
Customer digital currency liabilities	8,100
Due to affiliates	7,984,841	6,808,749
Accrued payroll liability and directors’ compensation	455,061	402,241
Accrued professional fees	1,250,159	160,926
Accrued liabilities and other payables	168,717	169,872
TOTAL CURRENT LIABILITIES	11,791,803	9,123,465
NON-CURRENT LIABILITIES:
TOTAL NON-CURRENT LIABILITIES	958,601	422,390
TOTAL LIABILITIES	12,750,404	9,545,855
COMMITMENTS AND CONTINGENCIES - (Note 12)
STOCKHOLDERS’ DEFICIT:
Preferred stock ($0.0001 par value; 15,000,000 shares authorized; 0 share issued and outstanding at March 31, 2024 and September 30, 2023)
Common stock ($0.0001 par value; 40,000,000 shares authorized; 14,102,414 and 10,074,657 shares issued and outstanding at March 31, 2024 and September 30, 2023, respectively)	1,410	1,007
Additional paid-in capital	35,848,468	25,543,048
Accumulated deficit	(47,369,858)	(31,769,244)
Accumulated other comprehensive (loss) income	(4,772)	31,959
TOTAL STOCKHOLDERS’ DEFICIT	(11,524,752)	(6,193,230)
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	1,225,652	3,352,625
Related Party
CURRENT ASSETS:
Note receivable - related parties, net	35,000	162,820
CURRENT LIABILITIES:
Loan payable - related parties	732,324
NON-CURRENT LIABILITIES:
Loan payable - related parties	941,000	420,619
Interest payable - related parties	$ 17,601	$ 1,771

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	15,000,000	15,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	14,102,414	10,074,657
Common stock, shares outstanding	14,102,414	10,074,657

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
REVENUES
Total revenues	$ 259,757	$ 5,633,944	$ 5,502,148	$ 11,010,332
COSTS OF REVENUES
Total costs of revenues	63,196	5,485,982	4,846,887	10,917,243
GROSS PROFIT
Total gross profit	196,561	147,962	655,261	93,089
OPERATING EXPENSES:
Advertising and marketing	20,568	295	41,586	49,417
Professional fees	2,038,407	566,336	4,900,517	1,243,439
Compensation and related benefits	269,848	197,532	523,684	357,792
Bad debt expense			6,145,942
Other general and administrative	287,587	190,163	410,610	385,300
Total operating expenses	2,616,410	954,326	12,022,339	2,035,948
LOSS FROM OPERATIONS	(2,419,849)	(806,364)	(11,367,078)	(1,942,859)
OTHER (EXPENSE) INCOME:
Interest expense - related parties	(10,348)		(17,770)
Other income	780	715	27,336	3,288
Total other (expense) income, net	(9,568)	715	9,566	3,288
LOSS BEFORE INCOME TAXES	(2,429,417)	(805,649)	(11,357,512)	(1,939,571)
INCOME TAXES
NET LOSS	(2,429,417)	(805,649)	(11,357,512)	(1,939,571)
COMPREHENSIVE LOSS:
NET LOSS	(2,429,417)	(805,649)	(11,357,512)	(1,939,571)
OTHER COMPREHENSIVE INCOME (LOSS)
Unrealized foreign currency translation gain (loss)	26,582	(2,721)	(36,731)	(30,704)
COMPREHENSIVE LOSS	$ (2,402,835)	$ (808,370)	$ (11,394,243)	$ (1,970,275)
NET LOSS PER COMMON SHARE:
Basic (in Dollars per share)	$ (0.17)	$ (0.08)	$ (0.92)	$ (0.19)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in Shares)	14,035,589	10,074,657	12,290,131	10,074,657
General Support Services
REVENUES
Total revenues		$ 4,800,000	$ 4,800,000	$ 9,600,000
COSTS OF REVENUES
Total costs of revenues		4,725,000	4,650,000	9,450,000
GROSS PROFIT
Total gross profit		75,000	150,000	150,000
Financial Services
REVENUES
Total revenues	259,757	833,944	702,148	1,410,332
COSTS OF REVENUES
Total costs of revenues	63,196	760,982	196,887	1,467,243
GROSS PROFIT
Total gross profit	$ 196,561	$ 72,962	$ 505,261	$ (56,911)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Diluted	$ (0.17)	$ (0.08)	$ (0.92)	$ (0.19)
Diluted	14,035,589	10,074,657	12,290,131	10,074,657

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders’ Deficit (Unaudited) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Sep. 30, 2022		$ 1,007	$ 25,172,170	$ (14,340,816)	$ 58,219	$ 10,890,580
Balance (in Shares) at Sep. 30, 2022		10,074,657
Stock-based compensation			146,876			146,876
Net loss				(1,133,922)		(1,133,922)
Foreign currency translation adjustment					(27,983)	(27,983)
Balance at Dec. 31, 2022		$ 1,007	25,319,046	(15,474,738)	30,236	9,875,551
Balance (in Shares) at Dec. 31, 2022		10,074,657
Balance at Sep. 30, 2022		$ 1,007	25,172,170	(14,340,816)	58,219	10,890,580
Balance (in Shares) at Sep. 30, 2022		10,074,657
Net loss						(1,939,571)
Balance at Mar. 31, 2023		$ 1,007	25,393,713	(16,280,387)	27,515	9,141,848
Balance (in Shares) at Mar. 31, 2023		10,074,657
Balance at Dec. 31, 2022		$ 1,007	25,319,046	(15,474,738)	30,236	9,875,551
Balance (in Shares) at Dec. 31, 2022		10,074,657
Stock-based compensation			74,667			74,667
Net loss				(805,649)		(805,649)
Foreign currency translation adjustment					(2,721)	(2,721)
Balance at Mar. 31, 2023		$ 1,007	25,393,713	(16,280,387)	27,515	9,141,848
Balance (in Shares) at Mar. 31, 2023		10,074,657
Balance at Sep. 30, 2023		$ 1,007	25,543,048	(31,769,244)	31,959	(6,193,230)
Balance (in Shares) at Sep. 30, 2023		10,074,657
Issuance of common stock for services		$ 43	2,015,558			2,015,601
Issuance of common stock for services (in Shares)		425,295
Conversion of related party debts into common stock		$ 83	7,240,643	(4,243,102)		2,997,624
Conversion of related party debts into common stock (in Shares)		827,807
Issuance of common stock in connection with reverse recapitalization		$ 257	149,904			150,161
Issuance of common stock in connection with reverse recapitalization (in Shares)		2,571,953
Stock-based compensation			74,667			74,667
Net loss				(8,928,095)		(8,928,095)
Foreign currency translation adjustment					(63,313)	(63,313)
Balance at Dec. 31, 2023		$ 1,390	35,023,820	(44,940,441)	(31,354)	(9,946,585)
Balance (in Shares) at Dec. 31, 2023		13,899,712
Balance at Sep. 30, 2023		$ 1,007	25,543,048	(31,769,244)	31,959	(6,193,230)
Balance (in Shares) at Sep. 30, 2023		10,074,657
Net loss						(11,357,512)
Balance at Mar. 31, 2024		$ 1,410	35,848,468	(47,369,858)	(4,772)	(11,524,752)
Balance (in Shares) at Mar. 31, 2024		14,102,414
Balance at Dec. 31, 2023		$ 1,390	35,023,820	(44,940,441)	(31,354)	(9,946,585)
Balance (in Shares) at Dec. 31, 2023		13,899,712
Issuance of common stock for services		$ 20	749,980			750,000
Issuance of common stock for services (in Shares)		202,702
Stock-based compensation			74,668			74,668
Net loss				(2,429,417)		(2,429,417)
Foreign currency translation adjustment					26,582	26,582
Balance at Mar. 31, 2024		$ 1,410	$ 35,848,468	$ (47,369,858)	$ (4,772)	$ (11,524,752)
Balance (in Shares) at Mar. 31, 2024		14,102,414

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (11,357,512)	$ (1,939,571)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of intangible assets	6,932	1,185,783
Stock-based compensation and service expense	2,914,936	221,543
Provision for bad debt	6,145,942
Bad debt recovery	(4,942)
Unrealized foreign currency exchange (gain) loss	(2,578)	132
Impairment of digital assets	0	7,743
Changes in operating assets and liabilities:
Customer digital currency assets	(8,050)	(113,686)
Accounts receivable	(1,882)
Digital assets	(13,348)	24,158
Due from affiliates	(4,148,682)	676,576
Other current assets	(13,025)	(20,764)
Accounts payable	165,851	24,053
Customer custodial cash liabilities	(607,856)	(1,934,733)
Customer digital currency liabilities	8,050	113,686
Due to affiliates	3,887,344	(43,259)
Accrued payroll liability and directors’ compensation	51,472	97,311
Accrued professional fees	1,089,227	34,452
Interest payable - related parties	16,348
Accrued liabilities and other payables	(6,835)	(215,925)
NET CASH USED IN OPERATING ACTIVITIES	(1,878,608)	(1,882,501)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in note receivable		(154,150)
Purchase of intangible asset		(41,245)
Proceeds from note receivable – related parties	131,492
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	131,492	(195,395)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received in reverse recapitalization	150,161
Proceeds from loan payable	50,000
Repayments of loan payable	(50,000)
Proceeds from loan payable - related parties	1,648,748
Repayments of loan payable - related parties	(132,811)
NET CASH PROVIDED BY FINANCING ACTIVITIES	1,666,098
EFFECT OF EXCHANGE RATE ON CASH	40,419	180,425
NET DECREASE IN CASH	(40,599)	(1,897,471)
Cash - beginning of period	691,819	2,384,417
Cash - end of period	651,220	486,946
Cash consisted of the following:
Cash	305,589	246,650
Customer custodial cash	345,631	240,296
Total cash	651,220	486,946
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest	1,422
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Conversion of related party debts into common stock	$ 2,997,624

The Company History and Nature

The Company History and Nature of the Business	6 Months Ended
	Mar. 31, 2024
The Company History and Nature of the Business [Abstract]
THE COMPANY HISTORY AND NATURE OF THE BUSINESS	NOTE 1 – THE COMPANY HISTORY AND NATURE OF THE BUSINESS Nukkleus Inc. (formerly known as, Brilliant Acquisition Corporation) (“Nukkleus”) was formed on May 24, 2019. Nukkleus was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities. On June 23, 2023, Brilliant Acquisition Corporation, a British Virgin Islands company (prior to the Merger “Brilliant”, and following the Merger, a Delaware corporation “Nukkleus”), entered into an Amended and Restated Agreement and Plan of Merger (as amended by the First Amendment to the Amended and Restated Agreement and Plan of Merger on November 1, 2023, the “Merger Agreement”), by and among Brilliant BRIL Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Brilliant (“Merger Sub”), and Nukkleus Inc., a Delaware corporation (“Old Nukk” or the “Company”). Old Nukk (f/k/a Compliance & Risk Management Solutions Inc.) was formed on July 29, 2013 in the State of Delaware as a for-profit Company and established a fiscal year end of September 30. The Merger Agreement provides that, among other things, at the closing (the “Closing”) of the transactions contemplated by the Merger Agreement, Merger Sub merged with and into Old Nukk (the “Merger”), with Old Nukk surviving as a wholly-owned subsidiary of Brilliant. In connection with the Merger, Brilliant changed its name to “Nukkleus Inc.” (“Nukkleus” or “Combined Company”). The Merger and other transactions contemplated by the Merger Agreement are hereinafter referred to as the “Business Combination.” The Business Combination was completed on December 22, 2023 (“Closing Date”). The accompanying financial statements are those of Old Nukk, as adjusted for the reverse recapitalization, as described in Note 2. As a result of Business Combination, Nukkleus now is a financial technology company which is focused on providing software and technology solutions for the worldwide retail foreign exchange (“FX”) trading industry. The Company primarily provides its software, technology, customer sales and marketing and risk management technology hardware and software solutions package to Triton Capital Markets Ltd. (“TCM”), formerly known as FXDD Malta Limited (“FXDD Malta”). The FXDD brand (e.g., see FXDD.com) is the brand utilized in the retail forex trading industry by TCM. Nukkleus Limited, a wholly-owned subsidiary of the Company, provides its software, technology, customer sales and marketing and risk management technology hardware and software solutions package under a General Services Agreement (“GSA”) to TCM. TCM is a private limited liability company formed under the laws of Malta. The GSA provides that TCM will pay Nukkleus Limited at minimum $1,600,000 per month. Due to non-payment by TCM under the GSA, the Company has advised TCM that the GSA has been terminated effective January 1, 2024. Emil Assentato is also the majority member of Max Q Investments LLC (“Max Q”), which is managed by Derivative Marketing Associates Inc. (“DMA”). Mr. Assentato, who is the Company’s Former Chief Executive Officer (“CEO”) and chairman, is the sole owner and manager of DMA. Max Q owns 79% of Currency Mountain Malta LLC, which in turn is the sole shareholder of TCM. In addition, in order to appropriately service TCM, Nukkleus Limited entered into a GSA with FXDirectDealer LLC (“FXDIRECT”), which provides that Nukkleus Limited will pay FXDIRECT a minimum of $1,575,000 per month in consideration of providing personnel engaged in operational and technical support, marketing, sales support, accounting, risk monitoring, documentation processing and customer care and support. Effective May 1, 2023, the minimum amount payable by Nukkleus Limited to FXDIRECT for services was reduced from $1,575,000 per month to $1,550,000 per month. FXDIRECT may terminate this agreement upon providing 90 days’ written notice. Currency Mountain Holdings LLC is the sole shareholder of FXDIRECT. Max Q is the majority shareholder of Currency Mountain Holdings LLC. In July 2018, the Company incorporated Nukkleus Malta Holding Ltd., which is a wholly-owned subsidiary. In July 2018, Nukkleus Malta Holding Ltd. incorporated Markets Direct Technology Group Ltd (“MDTG”), formerly known as Nukkleus Exchange Malta Ltd. MDTG was exploring potentially obtaining a license to operate an electronic exchange whereby it would facilitate the buying and selling of various digital assets as well as traditional currency pairs used in FX Trading. During the fourth quarter of fiscal 2020, management made the decision to exit the exchange business and to no longer pursue the regulatory licensing necessary to operate an exchange in Malta. On August 27, 2020, the Company renamed Nukkleus Exchange Malta Ltd. to Markets Direct Technology Group Ltd (“MDTG”). MDTG manages the technology and Internet Protocol (“IP”) behind the Markets Direct brand (which is operated by TCM). MDTG holds all the IP addresses and all the software licenses in its name, and it holds all the IP rights to the brands such as Markets Direct and TCM. MDTG then leases out the rights to use these names/brands licenses to the appropriate entities. In fiscal year 2021, the Company completed its acquisition of Match Financial Limited, a private limited company formed in England and Wales (“Match”) and its subsidiaries. Match, through its Digital RFQ Limited (“Digital RFQ”) subsidiary, is engaged in providing payment services from one fiat currency to another or to digital assets. On October 20, 2021, the Company and the shareholders (the “Original Shareholders”) of Jacobi Asset Management Holdings Limited (“Jacobi”) entered into a Purchase and Sale Agreement (the “Jacobi Agreement”) pursuant to which the Company agreed to acquire 5.0% of the issued and outstanding ordinary shares of Jacobi in consideration of 548,767 shares of common stock of the Company (the “Jacobi Transaction”). On December 15, 2021, the Company, the Original Shareholders and the shareholders of Jacobi that were assigned their interest in Jacobi by the Original Shareholders (the “New Jacobi Shareholders”) entered into an Amendment to Stock Purchase Agreement agreeing that the Jacobi Transaction will be entered between the Company and the New Jacobi Shareholders. The Jacobi Transaction closed on December 15, 2021. Jacobi is a company focused on digital asset management that has received regulatory approval to launch the world’s first tier one Bitcoin exchange-traded fund (“ETF”). Jamal Khurshid and Nicholas Gregory own, directly and indirectly, approximately 40% and 10% of Jacobi, respectively. Jamal Khurshid is the Company’s chief executive officer and director and Nicholas Gregory is the Company’s director. The transactions contemplated by the Jacobi Agreement constituted a “related-party transaction” as defined in Item 404 of Regulation S-K because of Mr. Khurshid’s and Mr. Gregory’s position as beneficial owner of one or more Original Shareholders and New Jacobi Shareholders. On December 30, 2021, Old Nukk and the shareholder (the “Digiclear Shareholder”) of Digiclear Ltd. (“Digiclear”) entered into a Purchase and Sale Agreement (the “Digiclear Agreement”) pursuant to which Old Nukk acquired 5,400,000 of the issued and outstanding ordinary shares of Digiclear in consideration of shares of common stock, which following the Merger represented 415,733 shares of common stock of the Company (valued at $5,000,000 based on the market price of Old Nukk’s common stock on the acquisition date) (the “Digiclear Transaction”). The Digiclear Transaction closed on March 17, 2022. In addition, upon the closing of the Merger, the Company agreed to provide an additional $1 million in investment to Digiclear in exchange for 4.545% of additional shares of Digiclear’s capital stock subject to the parties entering a definitive agreement. The Company and Digiclear have not entered into an additional agreement outlining the terms pursuant to which the Company would acquire the additional shares of Digiclear. Digiclear is a company developing a custody and settlement utility operating system. Liquidity and capital resources Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations and otherwise operate on an ongoing basis. At March 31, 2024 and September 30, 2023, the Company had cash of approximately $305,000 and $19,000, respectively, exclusive of customer custodial cash. The condensed consolidated financial statements have been prepared using accounting principles generally accepted in the United States of America applicable for a going concern, which assumes that the Company will realize its assets and discharge its liabilities in the ordinary course of business. The Company had a working capital deficit of approximately $10,984,000 at March 31, 2024 and incurred a net loss and generated negative cash flow from operating activities of approximately $11,358,000 and $1,879,000 for the six months ended March 31, 2024, respectively. In addition, the current cash balance cannot be projected to cover the operating expenses for the next twelve months from the release date of this report. These matters raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital, implement its business plan, and generate significant revenues. There are no assurances that the Company will be successful in its efforts to generate significant revenues, maintain sufficient cash balance or report profitable operations or to continue as a going concern. The Company plans on raising capital through the sale of equity to implement its business plan. However, there is no assurance these plans will be realized and that any additional financings will be available to the Company on satisfactory terms and conditions, if any. The accompanying condensed consolidated financial statements do not include any adjustments related to the recoverability or classification of asset-carrying amounts or the amounts and classification of liabilities that may result should the Company be unable to continue as a going concern.

Basis of Presentation and Princ

Basis of Presentation and Principles of Consolidation	6 Months Ended
	Mar. 31, 2024
Basis of Presentation and Principles of Consolidation [Abstract]
BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	NOTE 2 – BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION Pursuant to the Merger Agreement, the merger between Brilliant and Old Nukk was accounted for as a reverse recapitalization in accordance with accounting principles generally accepted in the United States (the “Reverse Recapitalization”). Accordingly, for accounting purposes, the Reverse Recapitalization was treated as the equivalent of Old Nukk issuing stock for the net assets of Brilliant, accompanied by a recapitalization. The net assets of Brilliant are stated at historical cost, with no goodwill or other intangible assets recorded. Old Nukk was determined to be the accounting acquirer based on the following predominant factors: ● Old Nukk’s existing stockholders have the greatest voting interest in the Combined Company; ● Old Nukk controls the majority of the board of directors of the Combined Company and, given the board of directors election and retention provisions, Old Nukk holds the ability to maintain control of the board of directors on a go-forward basis; and ● Old Nukk’s senior management is the senior management of the Combined Company. The condensed consolidated assets, liabilities, and results of operations prior to the Reverse Recapitalization are those of Old Nukk. The shares and corresponding capital amounts and losses per share, prior to the Reverse Recapitalization, have been retroactively restated based on shares reflecting the exchange ratio of 36.44532 established in the Business Combination. Principals of consolidation These interim condensed consolidated financial statements of the Company and its subsidiaries are unaudited. In the opinion of management, all adjustments (consisting of normal recurring accruals) and disclosures necessary for a fair presentation of these interim condensed consolidated financial statements have been included. The results reported in the condensed consolidated financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company’s condensed consolidated financial statements include the accounts of the Company and its consolidated subsidiaries. These accounts were prepared under the accrual basis of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2023 filed with the Securities and Exchange Commission on July 12, 2024. The consolidated balance sheet as of September 30, 2023 contained herein has been derived from the audited consolidated financial statements as of September 30, 2023, but does not include all disclosures required by U.S. GAAP.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Changes in these estimates and assumptions may have a material impact on the condensed consolidated financial statements and accompanying notes. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Significant estimates during the three and six months ended March 31, 2024 and 2023 include the allowance for doubtful accounts, the useful life of intangible assets, the assumptions used in assessing impairment of long-term assets, the valuation of deferred tax assets and associated valuation allowances, the valuation of stock-based compensation, and the fair value of customer digital currency assets and liabilities. Cash and cash equivalents At March 31, 2024 and September 30, 2023, the Company’s cash balances by geographic area were as follows: Country: March 31, 2024 September 30, 2023 United States $ 5,811 1.9 % $ 7,675 39.7 % United Kingdom 297,473 97.3 % 11,469 59.4 % Republic of Lithuania 2,131 0.7 % - - Malta 174 0.1 % 174 0.9 % Total cash $ 305,589 100.0 % $ 19,318 100.0 % For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less when purchased and money market accounts to be cash equivalents. The Company had no cash equivalents at March 31, 2024 and September 30, 2023. Cash and cash equivalents excludes customer legal tender, which is reported separately as customer custodial cash in the accompanying condensed consolidated balance sheets. Refer to “customer custodial cash and customer custodial cash liabilities” below for further details. Customer custodial cash and customer custodial cash liabilities Customer custodial cash represents cash and cash equivalents maintained in Company bank accounts that are controlled by the Company but held for the benefit of customers. Customer custodial cash liabilities represent these cash deposits to be utilized for its contractual obligations to its customers. The Company classifies the assets as current based on their purpose and availability to fulfill the Company’s direct obligations to its customers. Customer digital currency assets and liabilities At certain times, Digital RFQ’s customers’ funds that Digital RFQ uses to make payments on behalf of its customers, remain in the form of digital assets in its customers’ wallets at its digital asset trading platforms awaiting final conversion and/or transfer to the customer’s payment final destination. These indirectly held digital assets, may consist of USDT (Stablecoin), Bitcoin, and Ethereum (collectively, “Customer digital currency assets”). Digital RFQ maintains the internal recordkeeping of its customer digital currency assets, including the amount and type of digital asset owned by each of its customers. Digital RFQ has control of the private keys and knows the balances of all wallets with its digital asset trading platforms in order to be able to successfully carry out the movement of digital assets for its client payment instruction. As part of its customer payment instruction, Digital RFQ can execute withdrawals on the wallets in its digital asset trading platforms. Management has determined that Digital RFQ has control of the customer digital currency assets and records these assets on its balance sheet with a corresponding liability. Digital RFQ recognizes customer digital currency liabilities and corresponding customer digital currency assets, on initial recognition and at each reporting date, at fair value of the customer digital currency assets. Subsequent changes in fair value are adjusted to the carrying amount of these customer digital currency assets, with changes in fair value recorded in other general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Any loss, theft, or other misuse would impact the measurement of customer digital currency assets. The Company classifies the customer digital currency assets as current based on their purpose and availability to fulfill the Company’s direct obligations to its customers. Fair value of financial instruments and fair value measurements The Company adopted the guidance of Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows ● Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ● Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ● Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed consolidated financial statements, primarily due to their short-term nature. Assets and liabilities measured at fair value on a recurring basis. The following table provides these assets and liabilities carried at fair value, measured as of March 31, 2024: Quoted Significant Significant Balance at (Level 1) (Level 2) (Level 3) 2024 Customer digital currency assets $ - $ 8,100 $ - $ 8,100 Customer digital currency liabilities $ - $ 8,100 $ - $ 8,100 As of September 30, 2023, the Company did not have any customer digital currency assets and liabilities. Customer digital currency assets and liabilities represent the Company’s obligation to safeguard customers’ digital assets. Accordingly, the Company has valued the assets and liabilities using quoted market prices for the underlying digital assets which is based on Level 2 inputs. ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments. Digital assets The digital assets held by the Company are accounted for as intangible assets with indefinite useful lives, and are initially measured at cost. Digital assets accounted for as intangible assets are subject to impairment losses if the fair value of digital assets decreases below the carrying value at any time during the period. The fair value is measured using the quoted price of the digital asset at the time its fair value is being measured. Impairment expense is reflected in other general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. The Company assigns costs to transactions on a first-in, first-out basis. Credit risk and uncertainties The ramifications of the outbreak of the novel strain of COVID-19, reported to have started in December 2019 and spread globally, are filled with uncertainty and changing quickly. Our operations have continued during the COVID-19 pandemic and we have not had significant disruption. The Company is operating in a rapidly changing environment so the extent to which COVID-19 impacts its business, operations and financial results from this point forward will depend on numerous evolving factors that the Company cannot accurately predict. Those factors include the following: the duration and scope of the pandemic; governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic. The Company maintains a portion of its cash in bank and financial institution deposits within U.S. that at times may exceed federally-insured limits of $250,000. The Company manages this credit risk by concentrating its cash balances, including customer custodial cash, in high quality financial institutions and by periodically evaluating the credit quality of the primary financial institutions holding such deposits. The Company may also hold cash at digital asset trading platforms and performs a regular assessment of these digital asset trading platforms as part of its risk management process. The Company has not experienced any losses in such bank accounts and believes it is not exposed to any risks on its cash in bank accounts. At March 31, 2024, We may maintain our cash assets at financial institutions in the U.S. in amounts that may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000. Actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems. For example, in response to the rapidly declining financial condition of regional banks Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”), the California Department of Financial Protection and Innovation and the New York State Department of Financial Services closed SVB and Signature on March 10, 2023 and March 12, 2023, respectively, and the FDIC was appointed as receiver for SVB and Signature. In the event of a failure or liquidity issues of or at any of the financial institutions where we maintain our deposits or other assets, we may incur a loss to the extent such loss exceeds the FDIC insurance limitation, which could have a material adverse effect upon our liquidity, financial condition and our results of operations. Similarly, if our customers experience liquidity issues as a result of financial institution defaults or non-performance where they hold cash assets, their ability to pay us may become impaired and could have a material adverse effect on our results of operations, including the collection of accounts receivable and cash flows. Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of trade accounts receivable. A portion of the Company’s sales are credit sales which is to the customer whose ability to pay is dependent upon the industry economics prevailing in these areas; however, concentrations of credit risk with respect to trade accounts receivable is limited due to short-term payment terms. The Company also performs ongoing credit evaluations of its customers to help further reduce credit risk. Note receivable – related parties Note receivable – related parties is presented net of an allowance for doubtful account. The Company maintains allowance for doubtful account for estimated loss. The Company reviews the note receivable – related parties on a periodic basis and makes general and specific allowance when there is doubt as to the collectability of individual balance. In evaluating the collectability of individual receivable balance, the Company considers many factors, including the age of the balance, a borrower’s historical payment history, its current credit-worthiness and current economic trend. Note receivable is written off after exhaustive efforts at collection. During the six months ended March 31, 2024, accounts with the amount of approximately $600,000 were written off after exhaustive efforts at collection with a corresponding debit to the allowance for doubtful account. The writes-offs of note receivable – related parties against the allowance for doubtful accounts only impact the balance sheet accounts. At March 31, 2024 and September 30, 2023, the Company has established, based on a review of its outstanding balances, an allowance for doubtful account in the amounts of $0 and $637,072, respectively, for its note receivable – related parties. Other current assets Other current assets primarily consist of security deposit, accounts receivable, interest receivable, and prepaid miscellaneous items. As of March 31, 2024 and September 30, 2023, other current assets amounted to $48,364 and $32,522, respectively. Variable interest entity (“VIE”) A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. The primary beneficiary of a VIE is the party with both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE. To assess whether the Company has the power to direct the activities of a VIE that most significantly impact its economic performance, the Company considers all the facts and circumstances including its ongoing rights and responsibilities. This assessment includes identifying the activities that most significantly impact the VIE’s economic performance and identifying which party, if any, has power over those activities. In general, the party that makes the most significant decisions affecting the VIE is determined to have the power to direct the activities of the VIE. To assess whether the Company has the obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE, the Company considers all of its economic interests, including debt and equity interests, and any other variable interests in the VIE. If the Company determines that it is the party with the power to make the most significant decisions affecting the VIE, and the Company has an obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE, then the Company consolidates the VIE. The Company analyzes its investment in Jacobi to determine whether it is a VIE and, if so, whether the Company is the primary beneficiary in accordance with ASC 810 Consolidation. The Company determines Jacobi is a VIE since it has insufficient equity to permit it to finance its activities without additional subordinated financial support. In determining whether it is the primary beneficiary, the Company considers whether it has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. The Company also considers whether it has the obligation to absorb losses of, or the right to receive benefits from, the VIE. The Company is not the primary beneficiary of Jacobi as it does not have the power to direct the activities that most significantly impact the economic performance of Jacobi, due to Jacobi’ management and board of directors’ structure. As a result, the variable interest entity is not consolidated. Creditors of the Company’s variable interest entity do not have recourse against the general credit of the Company. The Company uses the cost method to account for its investment in Jacobi in which the Company is not deemed to be the primary beneficiary. The Company’s investment in unconsolidated variable interest entity is classified as cost method investment in the condensed consolidated balance sheets. The Company’s assets and liabilities with the variable interest entity are classified as due from/to affiliates. As of March 31, 2024 and September 30, 2023, the carrying value of assets and liabilities recognized in the condensed consolidated balance sheets related to the Company’s interest in the non-consolidated VIE and the Company’s maximum exposure to loss relating to non-consolidated VIE were as follows: March 31, September 30, Cost method investment $ 391,217 $ 391,217 Due from affiliates - 95,274 Total VIE assets $ 391,217 $ 486,491 Maximum exposure to loss $ 391,217 $ 486,491 Intangible assets Intangible assets consist of regulatory licenses, which are being amortized on a straight-line method over the estimated useful life of 3 years. Impairment of long-lived assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not record any impairment charge for the three and six months ended March 31, 2024 and 2023 as there was no impairment indicator noted. Revenue recognition The Company determines revenue recognition from contracts with customers through the following steps: ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s revenues are derived from providing: ● General support services under a GSA to a related party. The transaction price is determined in accordance with the terms of the GSA and payments are due on a monthly basis. There are multiple services provided under the GSA (including operational reporting and technical support infrastructure, website hosting and marketing solutions, accounting maintenance, risk monitoring services, new account processing and customer care and continued support) and these performance obligations are combined into a single unit of accounting. Fees are recognized as revenue over time as the services are rendered under the terms of the GSA. The Company recognizes the full contracted amount each period with no deferred revenue. The nature of the performance obligation is to provide the specified goods or services directly to the customer. The Company engages another party to satisfy the performance obligation on its behalf. The Company’s performance obligation is not to arrange for the provision of the specified good or service by another party. The Company is primarily responsible for fulfilling the promise to provide the specified good or service. Therefore, the Company is deemed to be a principal in the transaction and recognizes revenue for that performance obligation. The Company is a financial technology company which is focused on providing software and technology solutions for the worldwide retail foreign exchange (“FX”) trading industry. Under a GSA, the Company is contractually obligated to provide for the fulfillment software, technology, customer sales and marketing and risk management technology hardware and software solutions package to TCM. The Company provides these services, obtained from affiliate service provider FXDirect Dealer, LLC which is under common ownership, and controls the services of its service provider necessary to legally transfer of the services to TCM. Consequently, the Company is defined as the principal in the transaction. The Company, as principal, satisfies its obligation by providing ongoing service support enabling TCM to conduct its retail FX business without interruption. Upon satisfaction of its obligation, the Company recognizes revenue in the gross amount of consideration it is entitled to receive. The monthly GSA price is calculated by applying the Company’s approximately 2% mark-up to the costs of the services being provided by FXDirect Dealer, LLC. ● Financial services to its customers. Revenue related to its financial services offerings are recognized at a point in time when service is rendered. Prepayments, if any, received from customers prior to the services being performed are recorded as advances from customers. In these cases, when the services are performed, the appropriate portion of the amount recorded as advance from customers is recognized as revenue. There are 4 distinct stages that each trade must go through to be completed and must be converted from one currency into another. Where possible, fees are taken in United States dollar (“USD”) and therefore if there is an agreed fee with the client then this will be taken on the USD leg of the transaction regardless of whether it is pre-conversion or post-conversion. The first stage is notification and there is no real opportunity for us to realize revenue at this stage. The second stage is the funding stage and it allows us to charge the agreed fee before any currency conversion, we call this pre-trade revenue. The third stage of the transaction is conversion and we are able to realize revenue in the spread between the price we pay for the conversion and the price we charge the client for the conversion. The fourth opportunity for us to realize revenue (charge our fee) is after the conversion has taken place (post-trade). Disaggregation of revenues The Company’s revenues stream detail are as follows: Revenue Stream Revenue Stream Detail General support services Providing software, technology, customer sales and marketing and risk management technology hardware and software solutions package under a GSA to a related party Financial services Providing payment services from one fiat currency to another or to digital assets In the following table, revenues are disaggregated by segment for the three and six months ended March 31, 2024 and 2023: Three Months Ended Six Months Ended Revenue Stream 2024 2023 2024 2023 General support services $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Financial services 259,757 833,944 702,148 1,410,332 Total revenues $ 259,757 $ 5,633,944 $ 5,502,148 $ 11,010,332 Advertising and marketing costs All costs related to advertising and marketing are expensed as incurred. For the three months ended March 31, 2024 and 2023, advertising and marketing costs amounted to $20,568 and $295, respectively, which was included in operating expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. For the six months ended March 31, 2024 and 2023, advertising and marketing costs amounted to $41,586 and $49,417, respectively, which was included in operating expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. Stock-based compensation The Company measures and recognizes compensation expense for all stock-based awards granted to non-employees, including stock options, based on the grant date fair value of the award. The Company estimates the grant date fair value of each option award using the Black-Scholes option-pricing model. For non-employee stock-based awards, fair value is measured based on the value of the Company’s common stock on the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. The fair value of the equity instrument is calculated and then recognized as compensation expense over the requisite performance period. Income taxes The Company accounts for income taxes pursuant to Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the Federal and foreign tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the period of the change in estimate. The Company follows the provisions of FASB ASC 740-10 Uncertainty in Income Taxes (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold. Foreign currency translation The reporting currency of the Company is U.S. Dollars. The functional currency of the parent company, Nukkleus Inc., Nukkleus Limited, Nukkleus Malta Holding Ltd. and its subsidiaries, is the U.S. dollar, the functional currency of Match Financial Limited and its subsidiary, Digital RFQ, is the British Pound (“GBP”), the functional currency of Digital RFQ’s subsidiary, DRFQ Europe UAB, is Euro, and the functional currency of Digital RFQ’s subsidiary, DRFQ Pay North America, is CAD. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Revenue and expenses are translated using average rates during each reporting period, and stockholders’ equity is translated at historical exchange rates. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statements of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income/loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Most of the Company’s revenue transactions are transacted in the functional currency of the Company. The Company does not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.7920 GBP and 0.8199 GBP to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.9260 EUR and 0.9446 EUR to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 1.3542 CAD and 1.3591 CAD to $1.00, which was the exchange rate on the balance sheet date. Equity accounts were stated at their historical rates. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.7970 GBP and 0.8379 GBP to $1.00, respectively. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.9248 EUR and 0.9559 EUR to $1.00. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and for the period from February 18, 2023 through March 31, 2023 was 1.3553 CAD and 1.3667 CAD to $1.00. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate. Comprehensive loss Comprehensive loss is comprised of net loss and all changes to the statements of equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive loss for the three and six months ended March 31, 2024 and 2023 consisted of net loss and unrealized gain/loss from foreign currency translation adjustment. Segment reporting The Company uses “the management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker is its Chief Executive Officer (“CEO”), who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. The Company has determined that it has two reportable business segments: general support services segment and financial services segment. These reportable segments offer different types of services and products, have different types of revenue, and are managed separately as each requires different operating strategies and management expertise. Per share data ASC Topic 260, Earnings per Share, requires presentation of both basic and diluted earnings per share (“EPS”) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Basic net earnings per share are computed by dividing net earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net earnings per share is computed by dividing net earnings applicable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. For the three and six months ended March 31, 2024 and 2023, potentially dilutive common shares consist of the common shares issuable upon the exercise of common stock options and warrants (using the treasury stock method). Common stock equivalents are not included in the calculation of diluted net loss per share if their effect would be anti-dilutive. In a period in which the Company has a net loss, all potentially dilutive securities are excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact. The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive: Three Months Ended Six Months Ended 2024 2023 2024 2023 Options

Customer Assets and Liabilities

Customer Assets and Liabilities	6 Months Ended
	Mar. 31, 2024
Customer Assets and Liabilities [Abstract]
CUSTOMER ASSETS AND LIABILITIES	NOTE 4 - CUSTOMER ASSETS AND LIABILITIES The Company includes customer funds in the condensed consolidated balance sheets as customer custodial cash and includes these cash deposits to be utilized for its contractual obligations to its customers as customer custodial cash liabilities in the condensed consolidated balance sheets. The following table presents customers’ cash and digital positions: March 31, September 30, Customer custodial cash $ 345,631 $ 672,501 Customer digital currency assets 8,100 - Total customer assets $ 353,731 $ 672,501 Customer custodial cash liabilities $ 882,152 $ 1,443,011 Customer digital currency liabilities 8,100 - Total customer liabilities $ 890,252 $ 1,443,011 The Company controls digital assets for its customers in digital wallets and digital token identifiers necessary to access digital assets on digital asset trading platforms. The Company maintains a record of all assets in digital wallets held on digital asset trading platforms as well as the private keys, which are maintained on behalf of customers. The Company records the assets and liabilities, on the initial recognition and at each reporting date, at the fair value of the digital assets which it controls for its customers. Any loss or theft would impact the measurement of the customer digital currency assets. During the three and six months ended March 31, 2024 and 2023, no losses have been incurred in connection with customer digital currency assets. The Company also controls the bank accounts holding the customer custodial cash, as reflected on the accompanying condensed consolidated balance sheets. The following table sets forth the fair market value of customer digital currency assets, as shown in the condensed consolidated balance sheets, as customer digital currency assets and customer digital currency liabilities, as of March 31, 2024 and September 30, 2023: March 31, 2024 September 30, 2023 Fair Value Percentage of Fair Value Percentage of Stablecoin/USD Coin $ 7,526 92.9 % $ - - Ethereum 574 7.1 % - - Total customer digital currency assets $ 8,100 100.0 % $ - -

Digital Assets

Digital Assets	6 Months Ended
	Mar. 31, 2024
Digital Assets [Abstract]
DIGITAL ASSETS	NOTE 5 – DIGITAL ASSETS The following table summarizes the Company’s digital asset holdings as of March 31, 2024: Asset Estimated Cost Impairment Digital Assets Bitcoin Indefinite $ 1,674 $ - $ 1,674 Ethereum Indefinite 745 - 745 Stablecoin/USD Coin Indefinite 12,625 - 12,625 Other Indefinite 431 - 431 Total $ 15,475 $ - $ 15,475 The following table summarizes the Company’s digital asset holdings as of September 30, 2023: Asset Estimated Cost Impairment Digital Assets Bitcoin Indefinite $ 894 $ - $ 894 Ethereum Indefinite 709 - 709 Stablecoin/USD Coin Indefinite 284 - 284 Other Indefinite 86 - 86 Total $ 1,973 $ - $ 1,973 The Company recorded impairment expense of $0 and $133 for the three months ended March 31, 2024 and 2023, respectively, which was included in other general and administrative expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. The Company recorded impairment expense of $0 and $7,743 for the six months ended March 31, 2024 and 2023, respectively, which was included in other general and administrative expenses on the accompanying condensed consolidated statements of operations and comprehensive loss.

Loan Payable

Loan Payable	6 Months Ended
	Mar. 31, 2024
Loan Payable [Abstract]
LOAN PAYABLE	NOTE 6– LOAN PAYABLE In November 2023, the Company entered into a loan agreement with a third party. Pursuant to the loan agreement, the Company borrowed $50,000 from the third party. The loan bore a fixed interest rate of 0% per annum and was payable on demand. In January 2024, this loan was repaid in full.

Accrued Liabilities and Other P

Accrued Liabilities and Other Payables	6 Months Ended
	Mar. 31, 2024
Accrued Liabilities and Other Payables [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLES	NOTE 7– ACCRUED LIABILITIES AND OTHER PAYABLES At March 31, 2024 and September 30, 2023, accrued liabilities and other payables consisted of the following: March 31, September 30, Unearned revenue $ 156,958 $ 151,617 Others 11,759 18,255 Total $ 168,717 $ 169,872

Share Capital

Share Capital	6 Months Ended
	Mar. 31, 2024
Share Capital [Abstract]
SHARE CAPITAL	NOTE 8 – SHARE CAPITAL Common shares issued for services During the six months ended March 31, 2024, the Company issued a total of 627,997 shares of its common stock for services rendered. These shares were valued at $2,765,601, the fair market values on the grant dates using the reported closing share prices on the dates of grant, and the Company recorded stock-based compensation expense of $2,765,601 for the six months ended March 31, 2024. Common shares issued for related party debts conversion On December 19, 2023, the Company and FXDIRECT, a related party, entered into a Debt Conversion Agreement pursuant to which the outstanding amount of $2,727,061 was converted into 757,678 shares of common stock of the Company. The fair market value of the shares issued exceeded the total amount of the debt converted of $2,727,061 by $3,900,255 which was treated as a distribution transaction due to FXDIRECT’s relationship with the Company. On December 19, 2023, the Company and Emil Assentato, the Company’s former chief executive officer and chairman, entered into a Debt Conversion Agreement pursuant to which the outstanding principal amount of $270,000 and unpaid interest of $563 were converted into 70,129 shares of common stock of the Company (see Note 9 - ). The fair market value of the shares issued exceeded the total amount of the debt converted of $270,563 by $342,847 which was treated as a distribution transaction due to Mr. Assentato’s relationship with the Company. Options The following table summarizes the shares of the Company’s common stock issuable upon exercise of options outstanding at March 31, 2024 Options Outstanding Options Exercisable Range of Number Weighted Average Weighted Number Weighted $ 3.15 – 15.75 95,715 2.76 $ 4.44 64,286 $ 4.51 87.50 28,571 2.47 87.50 28,571 87.50 $ 3.15 – 87.50 124,286 2.69 $ 23.53 92,857 $ 30.05 Stock option activities for the six months ended March 31, 2024 were as follows: Number of Weighted Outstanding at September 30, 2023 124,286 $ 23.53 Granted - - Outstanding at March 31, 2024 124,286 $ 23.53 Options exercisable at March 31, 2024 92,857 $ 30.05 Options expected to vest 31,429 $ 4.30 The aggregate intrinsic value of both stock options outstanding and stock options exercisable at March 31, 2024 was $0. For the three months ended March 31, 2024 and 2023, stock-based compensation expense associated with stock options granted amounted to $74,668 and $74,667, respectively, which was recorded as professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. For the six months ended March 31, 2024 and 2023, stock-based compensation expense associated with stock options granted amounted to $149,335 and $221,543, respectively, which was recorded as professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. A summary of the status of the Company’s nonvested stock options granted as of March 31, 2024 and changes during the six months ended March 31, 2024 is presented below: Number of Weighted Nonvested at September 30, 2023 34,286 $ 5.25 Vested (2,857 ) (15.75 ) Nonvested at March 31, 2024 31,429 $ 4.30 Warrants As a result of the Business Combination which was completed on December 22, 2023, 6,701,000 warrants of Brilliant were converted into 6,701,000 warrants of the Combined Company. There was no stock warrant activity during the period from Closing Date to March 31, 2024. The following table summarizes the shares of the Company’s common stock issuable upon exercise of warrants outstanding at March 31, 2024 Warrants Outstanding Warrants Exercisable Exercise Number Remaining Number Exercise $ 11.5 6,701,000 4.74 6,701,000 $ 11.5 The aggregate intrinsic value of stock warrants outstanding and stock warrants exercisable at March 31, 2024 was $0.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 – RELATED PARTY TRANSACTIONS Services provided by related parties From time to time, Oliver Worsley, a shareholder of the Company, provides consulting services to the Company. As compensation for professional services provided, the Company recognized consulting expenses of $8,938 and $14,506 for the three months ended March 31, 2024 and 2023, respectively, which have been included in professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. As compensation for professional services provided, the Company recognized consulting expenses of $23,839 and $25,063 for the six months ended March 31, 2024 and 2023, respectively, which have been included in professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. From time to time, Craig Vallis, a shareholder of the Company, provides consulting services to the Company. As compensation for professional services provided, the Company recognized consulting expenses of $14,080 and $51,708 for the three months ended March 31, 2024 and 2023, respectively, which have been included in professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. As compensation for professional services provided, the Company recognized consulting expenses of $40,778 and $73,995 for the six months ended March 31, 2024 and 2023, respectively, which have been included in professional fees on the accompanying condensed consolidated statements of operations and comprehensive loss. The Company uses affiliate employees for various services such as the use of accountants to record the books and accounts of the Company at no charge to the Company, which are considered immaterial. Office space from related parties The Company uses office space of affiliate companies, free of rent, which is considered immaterial. Revenue from related party and cost of revenue from related party The Company’s general support services operate under a GSA with TCM providing personnel and technical support, marketing, accounting, risk monitoring, documentation processing and customer care and support. The minimum monthly amount received is $1,600,000. Due to non-payment by TCM under the GSA, the Company had advised TCM that the GSA has been terminated effective January 1, 2024. The Company’s general support services operate under a GSA with FXDIRECT receiving personnel and technical support, marketing, accounting, risk monitoring, documentation processing and customer care and support. The minimum monthly amount payable is $1,575,000. E ffective May 1, 2023, the minimum amount payable by the Company to FXDIRECT for services was reduced from $1,575,000 per month to $1,550,000 per month. Both of the above entities are affiliates through common ownership. During the three and six months ended March 31, 2024 and 2023, general support services provided to the related party, which was recorded as revenue – general support services - related party on the accompanying condensed consolidated statements of operations and comprehensive loss were as follows: Revenue from related party and cost of revenue from related party (continued) Three Months Ended Six Months Ended 2024 2023 2024 2023 Service provided to: TCM $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 During the three and six months ended March 31, 2024 and 2023, services received from the related party, which was recorded as cost of revenue – general support services - related party on the accompanying condensed consolidated statements of operations and comprehensive loss were as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Service received from: FXDIRECT $ - $ 4,725,000 $ 4,650,000 $ 9,450,000 $ - $ 4,725,000 $ 4,650,000 $ 9,450,000 During the three months ended March 31, 2024 and 2023, Digital RFQ earned revenue from related parties in the amount of $40,454 and $53,772, respectively, which was included in revenue – financial services on the accompanying condensed consolidated statements of operations and comprehensive loss. During the six months ended March 31, 2024 and 2023, Digital RFQ earned revenue from related parties in the amount of $61,328 and $78,516, respectively, which was included in revenue – financial services on the accompanying condensed consolidated statements of operations and comprehensive loss. Due from affiliates At March 31, 2024 and September 30, 2023, due from affiliates consisted of the following: March 31, September 30, Jacobi $ - $ 95,274 FXDD Mauritius (1) 4,498 1,500 TCM 9,496 1,942,500 Craig Vallis 11,810 - Jamal Khurshid (2) 24,290 - Total $ 50,094 $ 2,039,274 (1) FXDD Mauritius is controlled by Emil Assentato, the Company’s former chief executive officer and chairman. (2) Jamal Khurshid is the Company’s chief executive officer and director. The balances due from Jacobi, FXDD Mauritius, TCM, Craig Vallis, and Jamal Khurshid represent monies that the Company paid on behalf of Jacobi, FXDD Mauritius, TCM, Craig Vallis, and Jamal Khurshid. The balance due from TCM as of September 30, 2023 also included unsettled funds due related to the General Service Agreement. Management believes that the affiliates’ receivables are fully collectable. Therefore, no allowance for doubtful account is deemed to be required on its due from affiliates at March 31, 2024 and September 30, 2023. Due to affiliates At March 31, 2024 and September 30, 2023, due to affiliates consisted of the following: March 31, September 30, Forexware LLC (1) $ 1,208,704 $ 1,211,778 FXDIRECT (2) 6,269,258 5,064,428 Currency Mountain Holdings Bermuda, Limited (“CMH”) 42,000 42,000 FXDD Trading (1) 410,755 396,793 Markets Direct Payments (1) 2,399 2,317 Match Fintech Limited (3) 51,725 91,433 Total $ 7,984,841 $ 6,808,749 (1) Forexware LLC, FXDD Trading, and Markets Direct Payments are controlled by Emil Assentato, the Company’s former chief executive officer and chairman. (2) The partial outstanding amount of $2,727,061 due to FXDIRECT was converted into 757,678 shares of common stock of the Company in December 2023 (See Note 8 – Common shares issued for related party debts conversion). (3) Match Fintech Limited is controlled by affiliates of the Company. The balances due to affiliates represent expenses paid by Forexware LLC, FXDIRECT, FXDD Trading, Markets Direct Payments, and Match Fintech Limited on behalf of the Company and advances from CMH. The balance due to FXDIRECT may also include unsettled funds due related to the General Service Agreement. Amounts due to affiliates are short-term in nature, non-interest bearing, unsecured and repayable on demand. Customer digital currency assets and liabilities – related parties At March 31, 2024 and September 30, 2023, related parties’ digital currency, which was controlled by Digital RFQ, amounted to $1,422 and $0, respectively, which was included in customer digital currency assets and liabilities on the accompanying condensed consolidated balance sheets. Note receivable – related parties Promissory note The Company originated a note receivable to a shareholder in the principal amount of $35,000 on September 1, 2022. The note matured with respect to $17,500 on March 1, 2023 and with respect to $17,500 on September 1, 2023. The note bears a fixed interest rate of 5.0% per annum. The principal was funded with cash custodial money. Currently, this loan is in default. For the three months ended March 31, 2024 and 2023, the interest income related to this note amounted to $475 and $455, respectively, and has been included in other (expense) income: other income on the accompanying condensed consolidated statements of operations and comprehensive loss. For the six months ended March 31, 2024 and 2023, the interest income related to this note amounted to $940 and $894, respectively, and has been included in other (expense) income: other income on the accompanying condensed consolidated statements of operations and comprehensive loss. As of March 31, 2024 and September 30, 2023, the outstanding interest balance related to this note was $2,995 and $1,980, respectively, and was included in other current assets on the accompanying condensed consolidated balance sheets. Line of credit On July 31, 2023, the Company entered into a Credit Deed (the “Credit Deed”) providing a $1 million line of credit (the “Line of Credit”) to a related party company which is a client of Digital RFQ. The Line of Credit allows the related party company to request loans thereunder until amount reaches $1 million. Loan drawn under the Line of Credit bears interest at an annual rate of 8% and will be receivable in installments commencing on December 31, 2023. The Line of Credit was collateralized by 133,514 shares of common stock of the Company. In the six months ended March 31, 2024, activity recorded for the Line of Credit is summarized in the following table: Outstanding principal under the Line of Credit at September 30, 2023 $ 127,820 Repayment of Line of Credit (127,820 ) Outstanding principal under the Line of Credit at March 31, 2024 $ - During the six months ended March 31, 2024, accrued and unpaid interest related to the line of credit with the amount of approximately $10,000 was written off after exhaustive efforts at collection with a corresponding debit to the allowance for doubtful account. The writes-off of interest receivable against the allowance for doubtful accounts only impact the balance sheet accounts. At March 31, 2024 and September 30, 2023, the Company has established, based on a review of its outstanding interest receivable, an allowance for doubtful account in the amounts of $0 and $10,199, respectively, for the receivable. Loan payable – related parties and interest payable – related parties On July 19, 2023, Digital RFQ issued a promissory note (the “July 2023 Loan”) in the principal amount of $75,619 to Jamal Khurshid, the Company’s chief executive officer and director, in consideration of cash proceeds in the amount of $75,619. The July 2023 Loan bore interest of 5.0% per annum and was due and payable on July 19, 2026. On November 24, 2023, Digital RFQ borrowed additional GBP 4,000 from Jamal Khurshid. On November 27, 2023, all outstanding balances of principal and accrued interest related to the borrowings from Janal Khurshid were repaid in full. On August 15, 2023, Digital RFQ issued a promissory note (the “August 2023 Loan”) in the principal amount of $75,000 to Emil Assentato, the Company’s former chief executive officer and chairman, in consideration of cash proceeds in the amount of $75,000. The August 2023 Loan bears interest of 5.0% per annum and is due and payable on August 15, 2026. In January 2024, the Company repaid $50,000. As of March 31, 2024, the outstanding principal balance was $25,000. On September 18, 2023, the Company issued a promissory note (the “September 2023 Loan”) in the principal amount of $270,000 to Emil Assentato, the Company’s former chief executive officer and chairman, in consideration of cash proceeds in the amount of $270,000. The September 2023 Loan bore interest of 5.0% per annum and was due and payable on September 18, 2026. In December 2023, the September 2023 Loan principal of $270,000 and related accrued interest of $563 were converted into 70,129 shares of common stock of the Company (See Note 8 – Common shares issued for related party debts conversion). On March 6, 2024, Digital RFQ entered into a facility agreement with Craig Vallis, a shareholder of the Company, providing Digital RFQ with up to $500,000 loan. On March 12, 2024, Digital RFQ entered into a loan agreement with Oliver Worsley, a shareholder of the Company, providing Digital RFQ with up to GBP 395,000 (approximately $499,000) loan. The loan agreement allows Digital RFQ to request loans thereunder and to use the proceeds of such loans for working capital and operating expense purposes. Loans drawn under the loan agreement bear interest at an annual rate of 10%. This loan is unsecured and is due and payable on March 31, 2025. As of March 31, 2024, the outstanding principal balance was $315,657. During the six months ended March 31, 2024, the Company issued a few of promissory notes in the aggregate principal of $916,000 to Emil Assentato and Max Q, in consideration of cash proceeds in the amount of $916,000. These loans bear interest of 5.0% per annum and each individual loan will be due and payable three years from the date of issuance. As of March 31, 2024 and September 30, 2023, the outstanding principal balance totaled $916,000 and $420,619, respectively. For the three months ended March 31, 2024, the interest expense related to related parties’ loans amounted to $10,348 and has been reflected as interest expense – related parties on the accompanying condensed consolidated statements of operations and comprehensive loss. For the six months ended March 31, 2024, the interest expense related to related parties’ loans amounted to $17,770 and has been reflected as interest expense – related parties on the accompanying condensed consolidated statements of operations and comprehensive loss. As of March 31, 2024 and September 30, 2023, the related accrued and unpaid interest for related parties’ loans was $17,601 and $1,771, respectively, and has been reflected as interest payable – related parties on the accompanying condensed consolidated balance sheets. Letter agreement with ClearThink Nukkleus was party to a letter agreement with ClearThink dated as of November 22, 2021, pursuant to which ClearThink was engaged by Nukkleus in connection with the Business Combination. Craig Marshak, a former member of the Board of Directors of the Company, was a managing director of ClearThink, a transaction advisory firm. ClearThink had been engaged by the Company to serve as the exclusive transactional financial advisor, and finder with respect to the Business Combination, to advise the Company with respect to the Business Combination. The letter agreement was terminated on October 27, 2023. The Company paid ClearThink $210,000 as of the date of closing of the Business Combination.

Concentrations

Concentrations	6 Months Ended
	Mar. 31, 2024
Concentrations [Abstract]
CONCENTRATIONS	NOTE 10 – CONCENTRATIONS Customers The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues for the three and six months ended March 31, 2024 and 2023. Three Months Ended Six Months Ended Customer 2024 2023 2024 2023 A – related party * 85.2 % 87.2 % 87.2 % B 28.7 % * * * C 23.8 % * * * D 10.8 % * * * * Less than 10% Three related party customers, whose outstanding receivables accounted for 10% or more of the Company’s total outstanding accounts receivable and due from affiliates at March 31, 2024, accounted for 86.6% of the Company’s total outstanding accounts receivable and due from affiliates at March 31, 2024. One related party customer, whose outstanding receivable accounted for 10% or more of the Company’s total outstanding accounts receivable and due from affiliates at September 30, 2023, accounted for 95.2% of the Company’s total outstanding accounts receivable and due from affiliates at September 30, 2023. Suppliers The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s costs of revenues for the three and six months ended March 31, 2024 and 2023. Three Months Ended Six Months Ended Supplier 2024 2023 2024 2023 A – related party * 86.1 % 95.9 % 86.6 % B 57.1 % * * * C 22.9 % * * * * Less than 10% Two related party suppliers, whose outstanding payables accounted for 10% or more of the Company’s total outstanding accounts payable, accrued liabilities and other payables, and due to affiliates at March 31, 2024, accounted for 73.5% of the Company’s total outstanding accounts payable, accrued liabilities and other payables, and due to affiliates at March 31, 2024. Two related party suppliers, whose outstanding payables accounted for 10% or more of the Company’s total outstanding accounts payable, accrued liabilities and other payables, and due to affiliates at September 30, 2023, accounted for 81.7% of the Company’s total outstanding accounts payable, accrued liabilities and other payables, and due to affiliates at September 30, 2023.

Segment Information

Segment Information	6 Months Ended
	Mar. 31, 2024
Segment Information [Abstract]
SEGMENT INFORMATION	NOTE 11 – SEGMENT INFORMATION For the three and six months ended March 31, 2024 and 2023, the Company operated in two reportable business segments - (1) the general support services segment, in which we provide software, technology, customer sales and marketing and risk management technology hardware and software solutions package under a GSA to a related party; and (2) the financial services segment, in which we provide payment services from one fiat currency to another or to digital assets. The Company’s reportable segments are strategic business units that offer different services and products. They are managed separately based on the fundamental differences in their operations. Information with respect to these reportable business segments for the three and six months ended March 31, 2024 and 2023 was as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues General support services $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Financial services 259,757 833,944 702,148 1,410,332 Total 259,757 5,633,944 5,502,148 11,010,332 Costs of revenues General support services - 4,725,000 4,650,000 9,450,000 Financial services 63,196 760,982 196,887 1,467,243 Total 63,196 5,485,982 4,846,887 10,917,243 Gross profit (loss) General support services - 75,000 150,000 150,000 Financial services 196,561 72,962 505,261 (56,911 ) Total 196,561 147,962 655,261 93,089 Operating expenses Financial services 536,177 543,688 994,810 1,037,727 Corporate/Other 2,080,233 410,638 11,027,529 998,221 Total 2,616,410 954,326 12,022,339 2,035,948 Other income (expense) Financial services 457 715 25,453 3,288 Corporate/Other (10,025 ) - (15,887 ) - Total (9,568 ) 715 9,566 3,288 Net income (loss) General support services - 75,000 150,000 150,000 Financial services (339,159 ) (470,011 ) (464,096 ) (1,091,350 ) Corporate/Other (2,090,258 ) (410,638 ) (11,043,416 ) (998,221 ) Total (2,429,417 ) (805,649 ) (11,357,512 ) (1,939,571 ) Amortization Financial services 3,483 591,954 6,932 1,183,910 Corporate/Other - 937 - 1,873 Total $ 3,483 $ 592,891 $ 6,932 $ 1,185,783 Total assets at March 31, 2024 and September 30, 2023 March 31, September 30, Financial services $ 816,440 $ 1,004,708 Corporate/Other 409,212 2,347,917 Total $ 1,225,652 $ 3,352,625

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 31, 2024
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 – COMMITMENTS AND CONTINGENCIES Digital asset wallets Digital RFQ has committed to safeguard all digital assets and digital token identifiers on behalf of its customers. As such, Digital RFQ may be liable to its customers for losses arising from theft or loss of customer private keys. Digital RFQ has no reason to believe it will incur any expense associated with such potential liability because (i) it has no known or historical experience of claims to use as a basis of measurement, (ii) it accounts for and continually verifies the amount of digital assets within its control, and (iii) it engages third parties, which are digital asset trading platforms, to provide certain custodial services, including holding its customers’ digital token identifiers, securing its customers’ digital assets, and protecting them from loss or theft, including indemnification against certain types of losses such as theft. Its third-party digital asset trading platforms hold the digital assets in accounts in Digital RFQ’s name for the benefit of Digital RFQ’s customers. White lion stock purchase agreement On May 17, 2022, the Company entered into a Stock Purchase Agreement (the “White Lion Agreement”) with White Lion Capital Partners, LLC a California-based investment fund (“White Lion”). Under the terms of the White Lion Agreement, the Company had the right, but not the obligation, to require White Lion to purchase shares of its common stock up to a maximum amount of $75,000,000. On February 21, 2024, the Company terminated the White Lion Agreement.

Subsequent Events

Subsequent Events	6 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 – SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. Common shares issued for Settlement Agreement and Stipulation On May 28, 2024, the Company entered into a Settlement Agreement and Stipulation (the “Settlement Agreement”) with Silverback Capital Corporation (“SCC”) to settle outstanding claims owed to SCC. Pursuant to the Settlement Agreement, during the period from May 31, 2024 through July 22, 2024, the Company issued 1,889,550 shares of its common stock. Senior Unsecured Promissory Note – June 2024 On June 11, 2024 (the “June 2024 Effective Date”), the Company issued a Senior Unsecured Promissory Note (the “Note”) in the principal amount of $312,500 to X Group Fund of Funds, a Michigan limited partnership (the “Lender”) in consideration of cash proceeds in the amount of $250,000. The Note bears interest of 12.0% per annum and is due and payable six months after issuance. As an additional inducement to provide the loan as outlined under the Note, the Company issued the Lender a Stock Purchase Warrant (“Warrant”) to acquire 1,200,000 shares of common stock at a per share price of $0.25 for a term of five years that may be exercised on a cash or cashless basis. The Lender shall have the right to convert the principal and interest payable under the Note into shares of common stock of the Company at a per share conversion price of $0.25. The Company and the Lender also entered into a Restructuring Agreement providing that, among other items, the Lender, in its sole discretion, will have the right for a period for six months from the June 2024 Effective Date (the “Investment Period”), to lend the Company an additional $500,000 in consideration of a convertible promissory note that will have a term of two years, bear interest at 12% and will convert into shares of common stock at a per share price of $0.25. During the Investment Period, the Company may not incur additional debt or enter into any equity financing arrangement without the written consent of the Lender. The Company has agreed, in its good faith, to negotiate the sale of its wholly owned subsidiary, Digital RFQ Ltd. (“Digital”) to Digital’s current management team led by Jamie Khurshid subject to approval of the Company’s Board of Directors and shareholders and subject to compliance with all federal, state and Nasdaq rules. The Lender provided an additional $50,000 following the initial closing, with such funds was disbursed as agreed between the Company and the Lender. Further, during the Investment Period, the Lender, without any additional compensation, will be exclusive advisor to the Company with respect to potential acquisitions by the Company and the Company will use its reasonable best efforts to consider all proposals by the Lender. Any such acquisition proposal provided by the Lender will be subject to the Lender and such party entering a definitive binding agreement and the Board of Directors and shareholders of the Company approving such acquisition. In order to induce the Lender to provide the loan contemplated pursuant to the Note, Emil Assentato entered into a Voting Agreement with the Company and the Lender agreeing to vote his shares in support of any transaction provided by the Lender. The Company and the Lender have agreed that 100% of all loan balances including loans payable to Emil Assentato by the Company will be recorded on the books of the Company as a bona fide debt of the Company, of which 30% of such debt will be paid within nine (9) months of the June 2024 Effective Date and the balance to be repaid within twenty-four (24) months of the June 2024 Effective Date. Senior Unsecured Promissory Note – August 2024 On August 1, 2024 (the “August 2024 Effective Date”), the Company issued a Senior Unsecured Promissory Note (the “Note”) in the principal amount of $515,500 to East Asia Technology Investments Limited (the “Lender”) in consideration of cash proceeds in the amount of $412,075. The Note bears interest of 12.0% per annum and is due and payable six months after issuance. As an additional inducement to provide the loan as outlined under the Note, the Company issued the Lender a Stock Purchase Warrant (“Warrant”) to acquire 1,400,000 shares of common stock at a per share price of $0.25 for a term of five years that may be exercised on a cash or cashless basis. The Lender shall have the right to convert the principal and interest payable under the Note into shares of common stock of the Company at a per share conversion price of $0.25. Common Shares Issued for Settlement of Accrued Professional Fees In July 2024, the Company issued 500,000 shares of its common stock to settle accrued and unpaid professional fees. Common Shares Issued for Services In July 2024, the Company issued 300,000 shares of its common stock for services rendered and to be rendered.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (2,429,417)	$ (8,928,095)	$ (805,649)	$ (1,133,922)	$ (11,357,512)	$ (1,939,571)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Use of estimates	Use of estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Changes in these estimates and assumptions may have a material impact on the condensed consolidated financial statements and accompanying notes. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Significant estimates during the three and six months ended March 31, 2024 and 2023 include the allowance for doubtful accounts, the useful life of intangible assets, the assumptions used in assessing impairment of long-term assets, the valuation of deferred tax assets and associated valuation allowances, the valuation of stock-based compensation, and the fair value of customer digital currency assets and liabilities.
Cash and cash equivalents	Cash and cash equivalents At March 31, 2024 and September 30, 2023, the Company’s cash balances by geographic area were as follows: Country: March 31, 2024 September 30, 2023 United States $ 5,811 1.9 % $ 7,675 39.7 % United Kingdom 297,473 97.3 % 11,469 59.4 % Republic of Lithuania 2,131 0.7 % - - Malta 174 0.1 % 174 0.9 % Total cash $ 305,589 100.0 % $ 19,318 100.0 % For purposes of the condensed consolidated statements of cash flows, the Company considers all highly liquid instruments with a maturity of three months or less when purchased and money market accounts to be cash equivalents. The Company had no cash equivalents at March 31, 2024 and September 30, 2023. Cash and cash equivalents excludes customer legal tender, which is reported separately as customer custodial cash in the accompanying condensed consolidated balance sheets. Refer to “customer custodial cash and customer custodial cash liabilities” below for further details.
Customer custodial cash and customer custodial cash liabilities	Customer custodial cash and customer custodial cash liabilities Customer custodial cash represents cash and cash equivalents maintained in Company bank accounts that are controlled by the Company but held for the benefit of customers. Customer custodial cash liabilities represent these cash deposits to be utilized for its contractual obligations to its customers. The Company classifies the assets as current based on their purpose and availability to fulfill the Company’s direct obligations to its customers.
Customer digital currency assets and liabilities	Customer digital currency assets and liabilities At certain times, Digital RFQ’s customers’ funds that Digital RFQ uses to make payments on behalf of its customers, remain in the form of digital assets in its customers’ wallets at its digital asset trading platforms awaiting final conversion and/or transfer to the customer’s payment final destination. These indirectly held digital assets, may consist of USDT (Stablecoin), Bitcoin, and Ethereum (collectively, “Customer digital currency assets”). Digital RFQ maintains the internal recordkeeping of its customer digital currency assets, including the amount and type of digital asset owned by each of its customers. Digital RFQ has control of the private keys and knows the balances of all wallets with its digital asset trading platforms in order to be able to successfully carry out the movement of digital assets for its client payment instruction. As part of its customer payment instruction, Digital RFQ can execute withdrawals on the wallets in its digital asset trading platforms. Management has determined that Digital RFQ has control of the customer digital currency assets and records these assets on its balance sheet with a corresponding liability. Digital RFQ recognizes customer digital currency liabilities and corresponding customer digital currency assets, on initial recognition and at each reporting date, at fair value of the customer digital currency assets. Subsequent changes in fair value are adjusted to the carrying amount of these customer digital currency assets, with changes in fair value recorded in other general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. Any loss, theft, or other misuse would impact the measurement of customer digital currency assets. The Company classifies the customer digital currency assets as current based on their purpose and availability to fulfill the Company’s direct obligations to its customers.
Fair value of financial instruments and fair value measurements	Fair value of financial instruments and fair value measurements The Company adopted the guidance of Accounting Standards Codification (“ASC”) 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows ● Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date. ● Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. ● Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information. The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed consolidated financial statements, primarily due to their short-term nature. Assets and liabilities measured at fair value on a recurring basis. The following table provides these assets and liabilities carried at fair value, measured as of March 31, 2024: Quoted Significant Significant Balance at (Level 1) (Level 2) (Level 3) 2024 Customer digital currency assets $ - $ 8,100 $ - $ 8,100 Customer digital currency liabilities $ - $ 8,100 $ - $ 8,100 As of September 30, 2023, the Company did not have any customer digital currency assets and liabilities. Customer digital currency assets and liabilities represent the Company’s obligation to safeguard customers’ digital assets. Accordingly, the Company has valued the assets and liabilities using quoted market prices for the underlying digital assets which is based on Level 2 inputs. ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. The Company did not elect to apply the fair value option to any outstanding instruments.
Digital assets	Digital assets The digital assets held by the Company are accounted for as intangible assets with indefinite useful lives, and are initially measured at cost. Digital assets accounted for as intangible assets are subject to impairment losses if the fair value of digital assets decreases below the carrying value at any time during the period. The fair value is measured using the quoted price of the digital asset at the time its fair value is being measured. Impairment expense is reflected in other general and administrative expense in the condensed consolidated statements of operations and comprehensive loss. The Company assigns costs to transactions on a first-in, first-out basis.
Credit risk and uncertainties	Credit risk and uncertainties The ramifications of the outbreak of the novel strain of COVID-19, reported to have started in December 2019 and spread globally, are filled with uncertainty and changing quickly. Our operations have continued during the COVID-19 pandemic and we have not had significant disruption. The Company is operating in a rapidly changing environment so the extent to which COVID-19 impacts its business, operations and financial results from this point forward will depend on numerous evolving factors that the Company cannot accurately predict. Those factors include the following: the duration and scope of the pandemic; governmental, business and individuals’ actions that have been and continue to be taken in response to the pandemic. The Company maintains a portion of its cash in bank and financial institution deposits within U.S. that at times may exceed federally-insured limits of $250,000. The Company manages this credit risk by concentrating its cash balances, including customer custodial cash, in high quality financial institutions and by periodically evaluating the credit quality of the primary financial institutions holding such deposits. The Company may also hold cash at digital asset trading platforms and performs a regular assessment of these digital asset trading platforms as part of its risk management process. The Company has not experienced any losses in such bank accounts and believes it is not exposed to any risks on its cash in bank accounts. At March 31, 2024, We may maintain our cash assets at financial institutions in the U.S. in amounts that may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limit of $250,000. Actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems. For example, in response to the rapidly declining financial condition of regional banks Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”), the California Department of Financial Protection and Innovation and the New York State Department of Financial Services closed SVB and Signature on March 10, 2023 and March 12, 2023, respectively, and the FDIC was appointed as receiver for SVB and Signature. In the event of a failure or liquidity issues of or at any of the financial institutions where we maintain our deposits or other assets, we may incur a loss to the extent such loss exceeds the FDIC insurance limitation, which could have a material adverse effect upon our liquidity, financial condition and our results of operations. Similarly, if our customers experience liquidity issues as a result of financial institution defaults or non-performance where they hold cash assets, their ability to pay us may become impaired and could have a material adverse effect on our results of operations, including the collection of accounts receivable and cash flows. Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of trade accounts receivable. A portion of the Company’s sales are credit sales which is to the customer whose ability to pay is dependent upon the industry economics prevailing in these areas; however, concentrations of credit risk with respect to trade accounts receivable is limited due to short-term payment terms. The Company also performs ongoing credit evaluations of its customers to help further reduce credit risk.
Note receivable – related parties	Note receivable – related parties Note receivable – related parties is presented net of an allowance for doubtful account. The Company maintains allowance for doubtful account for estimated loss. The Company reviews the note receivable – related parties on a periodic basis and makes general and specific allowance when there is doubt as to the collectability of individual balance. In evaluating the collectability of individual receivable balance, the Company considers many factors, including the age of the balance, a borrower’s historical payment history, its current credit-worthiness and current economic trend. Note receivable is written off after exhaustive efforts at collection. During the six months ended March 31, 2024, accounts with the amount of approximately $600,000 were written off after exhaustive efforts at collection with a corresponding debit to the allowance for doubtful account. The writes-offs of note receivable – related parties against the allowance for doubtful accounts only impact the balance sheet accounts. At March 31, 2024 and September 30, 2023, the Company has established, based on a review of its outstanding balances, an allowance for doubtful account in the amounts of $0 and $637,072, respectively, for its note receivable – related parties.
Other current assets	Other current assets Other current assets primarily consist of security deposit, accounts receivable, interest receivable, and prepaid miscellaneous items. As of March 31, 2024 and September 30, 2023, other current assets amounted to $48,364 and $32,522, respectively.
Variable interest entity (“VIE”)	Variable interest entity (“VIE”) A VIE is an entity that either (i) has insufficient equity to permit the entity to finance its activities without additional subordinated financial support or (ii) has equity investors who lack the characteristics of a controlling financial interest. The primary beneficiary of a VIE is the party with both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE. To assess whether the Company has the power to direct the activities of a VIE that most significantly impact its economic performance, the Company considers all the facts and circumstances including its ongoing rights and responsibilities. This assessment includes identifying the activities that most significantly impact the VIE’s economic performance and identifying which party, if any, has power over those activities. In general, the party that makes the most significant decisions affecting the VIE is determined to have the power to direct the activities of the VIE. To assess whether the Company has the obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE, the Company considers all of its economic interests, including debt and equity interests, and any other variable interests in the VIE. If the Company determines that it is the party with the power to make the most significant decisions affecting the VIE, and the Company has an obligation to absorb the losses or the right to receive benefits that could potentially be significant to the VIE, then the Company consolidates the VIE. The Company analyzes its investment in Jacobi to determine whether it is a VIE and, if so, whether the Company is the primary beneficiary in accordance with ASC 810 Consolidation. The Company determines Jacobi is a VIE since it has insufficient equity to permit it to finance its activities without additional subordinated financial support. In determining whether it is the primary beneficiary, the Company considers whether it has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. The Company also considers whether it has the obligation to absorb losses of, or the right to receive benefits from, the VIE. The Company is not the primary beneficiary of Jacobi as it does not have the power to direct the activities that most significantly impact the economic performance of Jacobi, due to Jacobi’ management and board of directors’ structure. As a result, the variable interest entity is not consolidated. Creditors of the Company’s variable interest entity do not have recourse against the general credit of the Company. The Company uses the cost method to account for its investment in Jacobi in which the Company is not deemed to be the primary beneficiary. The Company’s investment in unconsolidated variable interest entity is classified as cost method investment in the condensed consolidated balance sheets. The Company’s assets and liabilities with the variable interest entity are classified as due from/to affiliates. As of March 31, 2024 and September 30, 2023, the carrying value of assets and liabilities recognized in the condensed consolidated balance sheets related to the Company’s interest in the non-consolidated VIE and the Company’s maximum exposure to loss relating to non-consolidated VIE were as follows: March 31, September 30, Cost method investment $ 391,217 $ 391,217 Due from affiliates - 95,274 Total VIE assets $ 391,217 $ 486,491 Maximum exposure to loss $ 391,217 $ 486,491
Intangible assets	Intangible assets Intangible assets consist of regulatory licenses, which are being amortized on a straight-line method over the estimated useful life of 3 years.
Impairment of long-lived assets	Impairment of long-lived assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. The Company did not record any impairment charge for the three and six months ended March 31, 2024 and 2023 as there was no impairment indicator noted.
Revenue recognition	Revenue recognition The Company determines revenue recognition from contracts with customers through the following steps: ● Step 1: Identify the contract with the customer ● Step 2: Identify the performance obligations in the contract ● Step 3: Determine the transaction price ● Step 4: Allocate the transaction price to the performance obligations in the contract ● Step 5: Recognize revenue when the company satisfies a performance obligation Revenue is recognized when control of the promised goods or services is transferred to the customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s revenues are derived from providing: ● General support services under a GSA to a related party. The transaction price is determined in accordance with the terms of the GSA and payments are due on a monthly basis. There are multiple services provided under the GSA (including operational reporting and technical support infrastructure, website hosting and marketing solutions, accounting maintenance, risk monitoring services, new account processing and customer care and continued support) and these performance obligations are combined into a single unit of accounting. Fees are recognized as revenue over time as the services are rendered under the terms of the GSA. The Company recognizes the full contracted amount each period with no deferred revenue. The nature of the performance obligation is to provide the specified goods or services directly to the customer. The Company engages another party to satisfy the performance obligation on its behalf. The Company’s performance obligation is not to arrange for the provision of the specified good or service by another party. The Company is primarily responsible for fulfilling the promise to provide the specified good or service. Therefore, the Company is deemed to be a principal in the transaction and recognizes revenue for that performance obligation. The Company is a financial technology company which is focused on providing software and technology solutions for the worldwide retail foreign exchange (“FX”) trading industry. Under a GSA, the Company is contractually obligated to provide for the fulfillment software, technology, customer sales and marketing and risk management technology hardware and software solutions package to TCM. The Company provides these services, obtained from affiliate service provider FXDirect Dealer, LLC which is under common ownership, and controls the services of its service provider necessary to legally transfer of the services to TCM. Consequently, the Company is defined as the principal in the transaction. The Company, as principal, satisfies its obligation by providing ongoing service support enabling TCM to conduct its retail FX business without interruption. Upon satisfaction of its obligation, the Company recognizes revenue in the gross amount of consideration it is entitled to receive. The monthly GSA price is calculated by applying the Company’s approximately 2% mark-up to the costs of the services being provided by FXDirect Dealer, LLC. ● Financial services to its customers. Revenue related to its financial services offerings are recognized at a point in time when service is rendered. Prepayments, if any, received from customers prior to the services being performed are recorded as advances from customers. In these cases, when the services are performed, the appropriate portion of the amount recorded as advance from customers is recognized as revenue. There are 4 distinct stages that each trade must go through to be completed and must be converted from one currency into another. Where possible, fees are taken in United States dollar (“USD”) and therefore if there is an agreed fee with the client then this will be taken on the USD leg of the transaction regardless of whether it is pre-conversion or post-conversion. The first stage is notification and there is no real opportunity for us to realize revenue at this stage. The second stage is the funding stage and it allows us to charge the agreed fee before any currency conversion, we call this pre-trade revenue. The third stage of the transaction is conversion and we are able to realize revenue in the spread between the price we pay for the conversion and the price we charge the client for the conversion. The fourth opportunity for us to realize revenue (charge our fee) is after the conversion has taken place (post-trade).
Disaggregation of revenues	Disaggregation of revenues The Company’s revenues stream detail are as follows: Revenue Stream Revenue Stream Detail General support services Providing software, technology, customer sales and marketing and risk management technology hardware and software solutions package under a GSA to a related party Financial services Providing payment services from one fiat currency to another or to digital assets In the following table, revenues are disaggregated by segment for the three and six months ended March 31, 2024 and 2023: Three Months Ended Six Months Ended Revenue Stream 2024 2023 2024 2023 General support services $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Financial services 259,757 833,944 702,148 1,410,332 Total revenues $ 259,757 $ 5,633,944 $ 5,502,148 $ 11,010,332
Advertising and marketing costs	Advertising and marketing costs All costs related to advertising and marketing are expensed as incurred. For the three months ended March 31, 2024 and 2023, advertising and marketing costs amounted to $20,568 and $295, respectively, which was included in operating expenses on the accompanying condensed consolidated statements of operations and comprehensive loss. For the six months ended March 31, 2024 and 2023, advertising and marketing costs amounted to $41,586 and $49,417, respectively, which was included in operating expenses on the accompanying condensed consolidated statements of operations and comprehensive loss.
Stock-based compensation	Stock-based compensation The Company measures and recognizes compensation expense for all stock-based awards granted to non-employees, including stock options, based on the grant date fair value of the award. The Company estimates the grant date fair value of each option award using the Black-Scholes option-pricing model. For non-employee stock-based awards, fair value is measured based on the value of the Company’s common stock on the date that the commitment for performance by the counterparty has been reached or the counterparty’s performance is complete. The fair value of the equity instrument is calculated and then recognized as compensation expense over the requisite performance period.
Income taxes	Income taxes The Company accounts for income taxes pursuant to Financial Accounting Standards Board (“FASB”) ASC 740, Income Taxes. Deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences. The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the Federal and foreign tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the period of the change in estimate. The Company follows the provisions of FASB ASC 740-10 Uncertainty in Income Taxes (ASC 740-10). Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a “more-likely-than-not” threshold.
Foreign currency translation	Foreign currency translation The reporting currency of the Company is U.S. Dollars. The functional currency of the parent company, Nukkleus Inc., Nukkleus Limited, Nukkleus Malta Holding Ltd. and its subsidiaries, is the U.S. dollar, the functional currency of Match Financial Limited and its subsidiary, Digital RFQ, is the British Pound (“GBP”), the functional currency of Digital RFQ’s subsidiary, DRFQ Europe UAB, is Euro, and the functional currency of Digital RFQ’s subsidiary, DRFQ Pay North America, is CAD. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange prevailing at the balance sheet date. Revenue and expenses are translated using average rates during each reporting period, and stockholders’ equity is translated at historical exchange rates. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statements of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income/loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Most of the Company’s revenue transactions are transacted in the functional currency of the Company. The Company does not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.7920 GBP and 0.8199 GBP to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.9260 EUR and 0.9446 EUR to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 1.3542 CAD and 1.3591 CAD to $1.00, which was the exchange rate on the balance sheet date. Equity accounts were stated at their historical rates. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.7970 GBP and 0.8379 GBP to $1.00, respectively. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.9248 EUR and 0.9559 EUR to $1.00. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and for the period from February 18, 2023 through March 31, 2023 was 1.3553 CAD and 1.3667 CAD to $1.00. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.
Comprehensive loss	Comprehensive loss Comprehensive loss is comprised of net loss and all changes to the statements of equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive loss for the three and six months ended March 31, 2024 and 2023 consisted of net loss and unrealized gain/loss from foreign currency translation adjustment.
Segment reporting	Segment reporting The Company uses “the management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker is its Chief Executive Officer (“CEO”), who reviews operating results to make decisions about allocating resources and assessing performance for the entire company. The Company has determined that it has two reportable business segments: general support services segment and financial services segment. These reportable segments offer different types of services and products, have different types of revenue, and are managed separately as each requires different operating strategies and management expertise.
Per share data	Per share data ASC Topic 260, Earnings per Share, requires presentation of both basic and diluted earnings per share (“EPS”) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Basic net earnings per share are computed by dividing net earnings available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net earnings per share is computed by dividing net earnings applicable to common stockholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. For the three and six months ended March 31, 2024 and 2023, potentially dilutive common shares consist of the common shares issuable upon the exercise of common stock options and warrants (using the treasury stock method). Common stock equivalents are not included in the calculation of diluted net loss per share if their effect would be anti-dilutive. In a period in which the Company has a net loss, all potentially dilutive securities are excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact. The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive: Three Months Ended Six Months Ended 2024 2023 2024 2023 Options to purchase common stock 124,286 124,286 124,286 167,143 Warrants to purchase common stock 6,701,000 - 6,701,000 - Potentially dilutive security 6,825,286 124,286 6,825,286 167,143
Reclassification	Reclassification Certain prior period amounts have been reclassified to conform to the current period presentation. These reclassifications have no effect on the previously reported financial position, results of operations and cash flows.
Merger	Merger Old Nukk completed a Business Combination with Brilliant on December 22, 2023. All references in these condensed consolidated financial statements to shares and corresponding capital amounts and losses per share, prior to the reverse recapitalization, have been retroactively restated based on shares reflecting the exchange ratio of 36.44532 established in the Business Combination.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This guidance is intended to enhance the transparency and decision-usefulness of income tax disclosures. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to disclosure regarding rate reconciliation and income taxes paid both in the U.S. and in foreign jurisdictions. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 on a prospective basis, with the option to apply the standard retrospectively. Early adoption is permitted. The company is currently evaluating this guidance to determine the impact it may have on its condensed consolidated financial statements disclosures. Other accounting standards that have been issued or proposed by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Company does not discuss recent pronouncements that are not anticipated to have an impact on or are unrelated to its consolidated financial condition, results of operations, cash flows or disclosures.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Cash Balances by Geographic Area	At March 31, 2024 and September 30, 2023, the Company’s cash balances by geographic area were as follows: Country: March 31, 2024 September 30, 2023 United States $ 5,811 1.9 % $ 7,675 39.7 % United Kingdom 297,473 97.3 % 11,469 59.4 % Republic of Lithuania 2,131 0.7 % - - Malta 174 0.1 % 174 0.9 % Total cash $ 305,589 100.0 % $ 19,318 100.0 %
Schedule of Assets and Liabilities Carried at Fair Value Measured	The following table provides these assets and liabilities carried at fair value, measured as of March 31, 2024: Quoted Significant Significant Balance at (Level 1) (Level 2) (Level 3) 2024 Customer digital currency assets $ - $ 8,100 $ - $ 8,100 Customer digital currency liabilities $ - $ 8,100 $ - $ 8,100
Schedule of Carrying Value of Assets and Liabilities Recognized	As of March 31, 2024 and September 30, 2023, the carrying value of assets and liabilities recognized in the condensed consolidated balance sheets related to the Company’s interest in the non-consolidated VIE and the Company’s maximum exposure to loss relating to non-consolidated VIE were as follows: March 31, September 30, Cost method investment $ 391,217 $ 391,217 Due from affiliates - 95,274 Total VIE assets $ 391,217 $ 486,491 Maximum exposure to loss $ 391,217 $ 486,491
Schedule of Revenues are Disaggregated by Segment	In the following table, revenues are disaggregated by segment for the three and six months ended March 31, 2024 and 2023: Three Months Ended Six Months Ended Revenue Stream 2024 2023 2024 2023 General support services $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Financial services 259,757 833,944 702,148 1,410,332 Total revenues $ 259,757 $ 5,633,944 $ 5,502,148 $ 11,010,332
Schedule of Diluted Per Share	The following table summarizes the securities that were excluded from the diluted per share calculation because the effect of including these potential shares was antidilutive: Three Months Ended Six Months Ended 2024 2023 2024 2023 Options to purchase common stock 124,286 124,286 124,286 167,143 Warrants to purchase common stock 6,701,000 - 6,701,000 - Potentially dilutive security 6,825,286 124,286 6,825,286 167,143

Customer Assets and Liabiliti_2

Customer Assets and Liabilities (Tables)	6 Months Ended
	Mar. 31, 2024
Customer Assets and Liabilities [Abstract]
Schedule of Cash and Digital Positions	The following table presents customers’ cash and digital positions: March 31, September 30, Customer custodial cash $ 345,631 $ 672,501 Customer digital currency assets 8,100 - Total customer assets $ 353,731 $ 672,501 Customer custodial cash liabilities $ 882,152 $ 1,443,011 Customer digital currency liabilities 8,100 - Total customer liabilities $ 890,252 $ 1,443,011
Schedule of Fair Market Value of Customer Digital Currency Assets	The following table sets forth the fair market value of customer digital currency assets, as shown in the condensed consolidated balance sheets, as customer digital currency assets and customer digital currency liabilities, as of March 31, 2024 and September 30, 2023: March 31, 2024 September 30, 2023 Fair Value Percentage of Fair Value Percentage of Stablecoin/USD Coin $ 7,526 92.9 % $ - - Ethereum 574 7.1 % - - Total customer digital currency assets $ 8,100 100.0 % $ - -

Digital Assets (Tables)

Digital Assets (Tables)	6 Months Ended
	Mar. 31, 2024
Digital Assets [Abstract]
Schedule of Digital Asset	The following table summarizes the Company’s digital asset holdings as of March 31, 2024: Asset Estimated Cost Impairment Digital Assets Bitcoin Indefinite $ 1,674 $ - $ 1,674 Ethereum Indefinite 745 - 745 Stablecoin/USD Coin Indefinite 12,625 - 12,625 Other Indefinite 431 - 431 Total $ 15,475 $ - $ 15,475 Asset Estimated Cost Impairment Digital Assets Bitcoin Indefinite $ 894 $ - $ 894 Ethereum Indefinite 709 - 709 Stablecoin/USD Coin Indefinite 284 - 284 Other Indefinite 86 - 86 Total $ 1,973 $ - $ 1,973

Accrued Liabilities and Other_2

Accrued Liabilities and Other Payables (Tables)	6 Months Ended
	Mar. 31, 2024
Accrued Liabilities and Other Payables [Abstract]
Schedule of Accrued Liabilities and Other Payables	At March 31, 2024 and September 30, 2023, accrued liabilities and other payables consisted of the following: March 31, September 30, Unearned revenue $ 156,958 $ 151,617 Others 11,759 18,255 Total $ 168,717 $ 169,872

Share Capital (Tables)

Share Capital (Tables)	6 Months Ended
	Mar. 31, 2024
Share Capital [Abstract]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding	The following table summarizes the shares of the Company’s common stock issuable upon exercise of options outstanding at March 31, 2024 Options Outstanding Options Exercisable Range of Number Weighted Average Weighted Number Weighted $ 3.15 – 15.75 95,715 2.76 $ 4.44 64,286 $ 4.51 87.50 28,571 2.47 87.50 28,571 87.50 $ 3.15 – 87.50 124,286 2.69 $ 23.53 92,857 $ 30.05
Schedule of Stock Option Activities	Stock option activities for the six months ended March 31, 2024 were as follows: Number of Weighted Outstanding at September 30, 2023 124,286 $ 23.53 Granted - - Outstanding at March 31, 2024 124,286 $ 23.53 Options exercisable at March 31, 2024 92,857 $ 30.05 Options expected to vest 31,429 $ 4.30
Schedule of Nonvested Stock Options Granted	A summary of the status of the Company’s nonvested stock options granted as of March 31, 2024 and changes during the six months ended March 31, 2024 is presented below: Number of Weighted Nonvested at September 30, 2023 34,286 $ 5.25 Vested (2,857 ) (15.75 ) Nonvested at March 31, 2024 31,429 $ 4.30
Schedule of Common Stock Issuable Upon Exercise of Warrants Outstanding	The following table summarizes the shares of the Company’s common stock issuable upon exercise of warrants outstanding at March 31, 2024 Warrants Outstanding Warrants Exercisable Exercise Number Remaining Number Exercise $ 11.5 6,701,000 4.74 6,701,000 $ 11.5

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of General Support Services Provided to the Related Party	During the three and six months ended March 31, 2024 and 2023, general support services provided to the related party, which was recorded as revenue – general support services - related party on the accompanying condensed consolidated statements of operations and comprehensive loss were as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Service provided to: TCM $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Three Months Ended Six Months Ended 2024 2023 2024 2023 Service received from: FXDIRECT $ - $ 4,725,000 $ 4,650,000 $ 9,450,000 $ - $ 4,725,000 $ 4,650,000 $ 9,450,000
Schedule of Due From Affiliates	At March 31, 2024 and September 30, 2023, due from affiliates consisted of the following: March 31, September 30, Jacobi $ - $ 95,274 FXDD Mauritius (1) 4,498 1,500 TCM 9,496 1,942,500 Craig Vallis 11,810 - Jamal Khurshid (2) 24,290 - Total $ 50,094 $ 2,039,274 (1) FXDD Mauritius is controlled by Emil Assentato, the Company’s former chief executive officer and chairman. (2) Jamal Khurshid is the Company’s chief executive officer and director.
Schedule of Due to Affiliates	At March 31, 2024 and September 30, 2023, due to affiliates consisted of the following: March 31, September 30, Forexware LLC (1) $ 1,208,704 $ 1,211,778 FXDIRECT (2) 6,269,258 5,064,428 Currency Mountain Holdings Bermuda, Limited (“CMH”) 42,000 42,000 FXDD Trading (1) 410,755 396,793 Markets Direct Payments (1) 2,399 2,317 Match Fintech Limited (3) 51,725 91,433 Total $ 7,984,841 $ 6,808,749 (1) Forexware LLC, FXDD Trading, and Markets Direct Payments are controlled by Emil Assentato, the Company’s former chief executive officer and chairman. (2) The partial outstanding amount of $2,727,061 due to FXDIRECT was converted into 757,678 shares of common stock of the Company in December 2023 (See Note 8 – Common shares issued for related party debts conversion). (3) Match Fintech Limited is controlled by affiliates of the Company.
Schedule of Activity Recorded for the Line of Credit	In the six months ended March 31, 2024, activity recorded for the Line of Credit is summarized in the following table: Outstanding principal under the Line of Credit at September 30, 2023 $ 127,820 Repayment of Line of Credit (127,820 ) Outstanding principal under the Line of Credit at March 31, 2024 $ -

Concentrations (Tables)

Concentrations (Tables)	6 Months Ended
	Mar. 31, 2024
Concentrations [Abstract]
Schedule of Customer Revenues	The following table sets forth information as to each customer that accounted for 10% or more of the Company’s revenues for the three and six months ended March 31, 2024 and 2023. Three Months Ended Six Months Ended Customer 2024 2023 2024 2023 A – related party * 85.2 % 87.2 % 87.2 % B 28.7 % * * * C 23.8 % * * * D 10.8 % * * * * Less than 10% Three Months Ended Six Months Ended Supplier 2024 2023 2024 2023 A – related party * 86.1 % 95.9 % 86.6 % B 57.1 % * * * C 22.9 % * * * * Less than 10%

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Mar. 31, 2024
Segment Information [Abstract]
Schedule of Reportable Business Segments	Information with respect to these reportable business segments for the three and six months ended March 31, 2024 and 2023 was as follows: Three Months Ended Six Months Ended 2024 2023 2024 2023 Revenues General support services $ - $ 4,800,000 $ 4,800,000 $ 9,600,000 Financial services 259,757 833,944 702,148 1,410,332 Total 259,757 5,633,944 5,502,148 11,010,332 Costs of revenues General support services - 4,725,000 4,650,000 9,450,000 Financial services 63,196 760,982 196,887 1,467,243 Total 63,196 5,485,982 4,846,887 10,917,243 Gross profit (loss) General support services - 75,000 150,000 150,000 Financial services 196,561 72,962 505,261 (56,911 ) Total 196,561 147,962 655,261 93,089 Operating expenses Financial services 536,177 543,688 994,810 1,037,727 Corporate/Other 2,080,233 410,638 11,027,529 998,221 Total 2,616,410 954,326 12,022,339 2,035,948 Other income (expense) Financial services 457 715 25,453 3,288 Corporate/Other (10,025 ) - (15,887 ) - Total (9,568 ) 715 9,566 3,288 Net income (loss) General support services - 75,000 150,000 150,000 Financial services (339,159 ) (470,011 ) (464,096 ) (1,091,350 ) Corporate/Other (2,090,258 ) (410,638 ) (11,043,416 ) (998,221 ) Total (2,429,417 ) (805,649 ) (11,357,512 ) (1,939,571 ) Amortization Financial services 3,483 591,954 6,932 1,183,910 Corporate/Other - 937 - 1,873 Total $ 3,483 $ 592,891 $ 6,932 $ 1,185,783 Total assets at March 31, 2024 and September 30, 2023 March 31, September 30, Financial services $ 816,440 $ 1,004,708 Corporate/Other 409,212 2,347,917 Total $ 1,225,652 $ 3,352,625

The Company History and Natur_2

The Company History and Nature of the Business (Details) - USD ($)				3 Months Ended				6 Months Ended
	May 01, 2023	Dec. 30, 2021	Oct. 20, 2021	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
The Company History and Nature of the Business [Line Items]
Ordinary shares issued (in Shares)				14,102,414				14,102,414		10,074,657
Ordinary shares outstanding (in Shares)				14,102,414				14,102,414		10,074,657
Additional investment		$ 1,000,000
Exchange of additional shares, percentage		4.545%
Cash				$ 305,589				$ 305,589		$ 19,318
Working capital deficit				10,984,000				10,984,000
Net loss				(2,429,417)	$ (8,928,095)	$ (805,649)	$ (1,133,922)	(11,357,512)	$ (1,939,571)
Negative cash flow from operating activities								(1,878,608)	$ (1,882,501)
Digiclear Transaction [Member]
The Company History and Nature of the Business [Line Items]
Consideration shares of common stock (in Shares)		415,733
Liquidity [Member]
The Company History and Nature of the Business [Line Items]
Cash				$ 305,000				$ 305,000		$ 19,000
Max Q Investments LLC [Member] | Triton Capital Markets Ltd. [Member]
The Company History and Nature of the Business [Line Items]
Owenership percentage				79%				79%
Jacobi Asset Management Holdings Limited [Member] | Jamal Khurshid [Member]
The Company History and Nature of the Business [Line Items]
Investement ownership percentage				40%				40%
Jacobi Asset Management Holdings Limited [Member] | Nicholas Gregory [Member]
The Company History and Nature of the Business [Line Items]
Percentage of original shareholders				10%				10%
General Services Agreement [Member] | Triton Capital Market Ltd [Member]
The Company History and Nature of the Business [Line Items]
Payment receivable								$ 1,600,000
General Services Agreement [Member] | Triton Capital Markets Ltd. [Member]
The Company History and Nature of the Business [Line Items]
Related party transaction								$ 1,575,000
General Services Agreement [Member] | Maximum [Member] | Triton Capital Markets Ltd. [Member]
The Company History and Nature of the Business [Line Items]
Related party transaction	$ 1,575,000
General Services Agreement [Member] | Minimum [Member] | Triton Capital Markets Ltd. [Member]
The Company History and Nature of the Business [Line Items]
Related party transaction	$ 1,550,000
Jacobi Agreement [Member]
The Company History and Nature of the Business [Line Items]
Acquire to issued and outstanding percentage			5%
Consideration shares of common stock (in Shares)			548,767
Digiclear Agreement [Member]
The Company History and Nature of the Business [Line Items]
Ordinary shares issued (in Shares)		5,400,000
Ordinary shares outstanding (in Shares)		5,400,000
Digiclear Transaction [Member]
The Company History and Nature of the Business [Line Items]
Comon stock value		$ 5,000,000

Basis of Presentation and Pri_2

Basis of Presentation and Principles of Consolidation (Details)	6 Months Ended
	Mar. 31, 2024
Basis of Presentation and Principles of Consolidation [Abstract]
Shares reflecting exchange ratio	36.44532

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Summary of Significant Accounting Policies [Line Items]
Federally-insured limits	$ 250,000		$ 250,000
Cash assets	250,000		250,000
Accounts written off amount			600,000
Other current assets	$ 48,364		$ 48,364		$ 32,522
Estimated useful life	3 years		3 years
Services cost percentage			2%
Advertising and marketing costs	$ 20,568	$ 295	$ 41,586	$ 49,417
Foreign currency translation, description			Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.7920 GBP and 0.8199 GBP to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 0.9260 EUR and 0.9446 EUR to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at March 31, 2024 and September 30, 2023 were translated at 1.3542 CAD and 1.3591 CAD to $1.00, which was the exchange rate on the balance sheet date. Equity accounts were stated at their historical rates. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.7970 GBP and 0.8379 GBP to $1.00, respectively. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and 2023 was 0.9248 EUR and 0.9559 EUR to $1.00. The average translation rate applied to the statement of operations for the six months ended March 31, 2024 and for the period from February 18, 2023 through March 31, 2023 was 1.3553 CAD and 1.3667 CAD to $1.00. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.
Shares reflecting exchange ratio			36.44532
Related Party [Member]
Summary of Significant Accounting Policies [Line Items]
Allowance for doubtful account	$ 0		$ 0		$ 637,072

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of Cash Balances by Geographic Area - USD ($)	6 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Schedule of Cash Balances by Geographic Area [Line Items]
Total cash	$ 305,589	$ 19,318
Cash percentage	100%	100%
United States [Member]
Schedule of Cash Balances by Geographic Area [Line Items]
Total cash	$ 5,811	$ 7,675
Cash percentage	1.90%	39.70%
United Kingdom [Member]
Schedule of Cash Balances by Geographic Area [Line Items]
Total cash	$ 297,473	$ 11,469
Cash percentage	97.30%	59.40%
Republic of Lithuania [Member]
Schedule of Cash Balances by Geographic Area [Line Items]
Total cash	$ 2,131
Cash percentage	0.70%
Malta [Member]
Schedule of Cash Balances by Geographic Area [Line Items]
Total cash	$ 174	$ 174
Cash percentage	0.10%	0.90%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of Assets and Liabilities Carried at Fair Value Measured - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Assets and Liabilities Carried at Fair Value Measured [Line Items]
Customer digital currency assets	$ 8,100
Customer digital currency liabilities	8,100
Quoted Price in Active Markets (Level 1) [Member]
Schedule of Assets and Liabilities Carried at Fair Value Measured [Line Items]
Customer digital currency assets
Customer digital currency liabilities
Significant Other Observable Inputs (Level 2) [Member]
Schedule of Assets and Liabilities Carried at Fair Value Measured [Line Items]
Customer digital currency assets	8,100
Customer digital currency liabilities	8,100
Significant Unobservable Inputs (Level 3) [Member]
Schedule of Assets and Liabilities Carried at Fair Value Measured [Line Items]
Customer digital currency assets
Customer digital currency liabilities

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of Carrying Value of Assets and Liabilities Recognized - VIE [Member] - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Carrying Value of Assets and Liabilities Recognized [Line Items]
Cost method investment	$ 391,217	$ 391,217
Due from affiliates		95,274
Total VIE assets	391,217	486,491
Maximum exposure to loss	$ 391,217	$ 486,491

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Details) - Schedule of Revenues are Disaggregated by Segment - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Schedule of Revenues Are Disaggregated By Segment [Line Items]
Total revenues	$ 259,757	$ 5,633,944	$ 5,502,148	$ 11,010,332
General support services [Member]
Schedule of Revenues Are Disaggregated By Segment [Line Items]
Total revenues		4,800,000	4,800,000	9,600,000
Financial services [Member]
Schedule of Revenues Are Disaggregated By Segment [Line Items]
Total revenues	$ 259,757	$ 833,944	$ 702,148	$ 1,410,332

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Details) - Schedule of Diluted Per Share - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Schedule of Diluted Per Share [Abstract]
Potentially dilutive securities	6,825,286	124,286	6,825,286	167,143
Options to purchase common stock [Member]
Schedule of Diluted Per Share [Abstract]
Potentially dilutive securities	124,286	124,286	124,286	167,143
Warrants to purchase common stock [Member]
Schedule of Diluted Per Share [Abstract]
Potentially dilutive securities	6,701,000		6,701,000

Customer Assets and Liabiliti_3

Customer Assets and Liabilities (Details) - Schedule of Cash and Digital Positions - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Cash and Digital Positions [Abstract]
Customer custodial cash	$ 345,631	$ 672,501
Customer digital currency assets	8,100
Total customer assets	353,731	672,501
Customer custodial cash liabilities	882,152	1,443,011
Customer digital currency liabilities	8,100
Total customer liabilities	$ 890,252	$ 1,443,011

Customer Assets and Liabiliti_4

Customer Assets and Liabilities (Details) - Schedule of Fair Market Value of Customer Digital Currency Assets - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Fair Market Value of Customer Digital Currency Assets [Line Items]
Fair Value	$ 8,100
Percentage of Total	100%
Stablecoin/USD Coin [Member]
Schedule of Fair Market Value of Customer Digital Currency Assets [Line Items]
Fair Value	$ 7,526
Percentage of Total	92.90%
Ethereum [Member]
Schedule of Fair Market Value of Customer Digital Currency Assets [Line Items]
Fair Value	$ 574
Percentage of Total	7.10%

Digital Assets (Details)

Digital Assets (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Digital Assets [Abstract]
Impairment expense	$ 0	$ 133	$ 0	$ 7,743

Digital Assets (Details) - Sche

Digital Assets (Details) - Schedule of Digital Asset - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Schedule of Digital Asset [Line Items]
Cost	$ 15,475	$ 1,973
Impairment
Digital Assets, net	$ 15,475	$ 1,973
Bitcoin [Member]
Schedule of Digital Asset [Line Items]
Estimated Useful Life	Indefinite	Indefinite
Cost	$ 1,674	$ 894
Impairment
Digital Assets, net	$ 1,674	$ 894
Ethereum [Member]
Schedule of Digital Asset [Line Items]
Estimated Useful Life	Indefinite	Indefinite
Cost	$ 745	$ 709
Impairment
Digital Assets, net	$ 745	$ 709
Stablecoin/USD Coin [Member]
Schedule of Digital Asset [Line Items]
Estimated Useful Life	Indefinite	Indefinite
Cost	$ 12,625	$ 284
Impairment
Digital Assets, net	$ 12,625	$ 284
Other [Member]
Schedule of Digital Asset [Line Items]
Estimated Useful Life	Indefinite	Indefinite
Cost	$ 431	$ 86
Impairment
Digital Assets, net	$ 431	$ 86

Loan Payable (Details)

Loan Payable (Details) - Third Party [Member]	Nov. 30, 2023 USD ($)
Loan Payable [Line Items]
Borrowed loan	$ 50,000
Bears a fixed interest rate	0%

Accrued Liabilities and Other_3

Accrued Liabilities and Other Payables (Details) - Schedule of Accrued Liabilities and Other Payables - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Accrued Liabilities and Other Payables [Abstract]
Unearned revenue	$ 156,958	$ 151,617
Others	11,759	18,255
Total	$ 168,717	$ 169,872

Share Capital (Details)

Share Capital (Details) - USD ($)			3 Months Ended			6 Months Ended
	Dec. 22, 2023	Dec. 19, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share Capital [Line Items]
Shares valued			$ 750,000	$ 2,015,601
Stock-based compensation expense						$ 149,335	$ 221,543
Aggregate intrinsic value of stock options outstanding			0			0
Stock Option [Member]
Share Capital [Line Items]
Stock-based compensation expense			74,668		$ 74,667
Warrant [Member]
Share Capital [Line Items]
Shares of business combination (in Shares)	6,701,000
Aggregate intrinsic value			$ 0			$ 0
Warrant [Member] | Business Combination [Member]
Share Capital [Line Items]
Shares of business combination (in Shares)	6,701,000
FXDIRECT [Member]
Share Capital [Line Items]
Outstanding amount		$ 2,727,061
Amount of debt conversion of distribution transaction		3,900,255
Emil Assentato [Member]
Share Capital [Line Items]
Outstanding amount		270,563
Amount of debt conversion of distribution transaction		342,847
Common Stock [Member]
Share Capital [Line Items]
Shares of its common stock for services rendered (in Shares)						627,997
Shares valued						$ 2,765,601
Stock-based compensation expense						$ 2,765,601
Common Stock [Member] | FXDIRECT [Member]
Share Capital [Line Items]
Outstanding amount		$ 2,727,061
Outstanding amount converted into shares (in Shares)		757,678
Common Stock [Member] | Emil Assentato [Member]
Share Capital [Line Items]
Outstanding amount		$ 270,000
Outstanding amount converted into shares (in Shares)		70,129
Unpaid interest		$ 563

Share Capital (Details) - Sched

Share Capital (Details) - Schedule of Common Stock Issuable Upon Exercise of Options Outstanding - Stock Option [Member]	6 Months Ended
	Mar. 31, 2024 $ / shares shares
Range of Exercise Price 3.15 – 15.75 [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Options Outstanding, Number Outstanding at December 31, 2023 (in Shares) | shares	95,715
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	2 years 9 months 3 days
Options Outstanding, Weighted Average Exercise Price	$ 4.44
Options Exercisable, Number Exercisable at December 31, 2023 (in Shares) | shares	64,286
Options Exercisable, Weighted Average Exercise Price	$ 4.51
Range of Exercise Price 3.15 – 15.75 [Member] | Minimum [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Range of Exercise Low Price	3.15
Range of Exercise Price 3.15 – 15.75 [Member] | Maximum [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Range of Exercise High Price	15.75
Range of Exercise Price 87.50 [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Range of Exercise High Price	$ 87.5
Options Outstanding, Number Outstanding at December 31, 2023 (in Shares) | shares	28,571
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	2 years 5 months 19 days
Options Outstanding, Weighted Average Exercise Price	$ 87.5
Options Exercisable, Number Exercisable at December 31, 2023 (in Shares) | shares	28,571
Options Exercisable, Weighted Average Exercise Price	$ 87.5
Range of Exercise Price 3.15-87.50 [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Options Outstanding, Number Outstanding at December 31, 2023 (in Shares) | shares	124,286
Options Outstanding, Weighted Average Remaining Contractual Life (Years)	2 years 8 months 8 days
Options Outstanding, Weighted Average Exercise Price	$ 23.53
Options Exercisable, Number Exercisable at December 31, 2023 (in Shares) | shares	92,857
Options Exercisable, Weighted Average Exercise Price	$ 30.05
Range of Exercise Price 3.15-87.50 [Member] | Minimum [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Range of Exercise Low Price	3.15
Range of Exercise Price 3.15-87.50 [Member] | Maximum [Member]
Schedule of Common Stock Issuable Upon Exercise of Options Outstanding [Line Items]
Range of Exercise High Price	$ 87.5

Share Capital (Details) - Sch_2

Share Capital (Details) - Schedule of Stock Option Activities	6 Months Ended
	Mar. 31, 2024 $ / shares shares
Schedule of Stock Option Activities [Abstract]
Number of Options, Outstanding beginning | shares	124,286
Weighted Average Exercise Price outstanding, Outstanding beginning | $ / shares	$ 23.53
Number of Options, Granted | shares
Weighted Average Exercise Price, Granted | $ / shares
Number of Options, Outstanding ending | shares	124,286
Weighted Average Exercise Price, Outstanding ending | $ / shares	$ 23.53
Number of Options, exercisable | shares	92,857
Weighted Average Exercise Price Options, exercisable | $ / shares	$ 30.05
Number of Options, expected to vest | shares	31,429
Weighted Average Exercise Price Options, expected to vest | $ / shares	$ 4.3

Share Capital (Details) - Sch_3

Share Capital (Details) - Schedule of Nonvested Stock Options Granted	6 Months Ended
	Mar. 31, 2024 $ / shares shares
Schedule of Nonvested Stock Options Granted [Abstract]
Number of Options, Nonvested beginning | shares	34,286
Weighted Average Exercise Price, Nonvested beginning | $ / shares	$ 5.25
Number of Options, Vested | shares	(2,857)
Vested | $ / shares	$ (15.75)
Number of Options, Nonvested ending | shares	31,429
Weighted Average Exercise Price, Nonvested ending | $ / shares	$ 4.3

Share Capital (Details) - Sch_4

Share Capital (Details) - Schedule of Common Stock Issuable Upon Exercise of Warrants Outstanding - Warrant [Member]	6 Months Ended
	Mar. 31, 2024 $ / shares shares
Class of Warrant or Right [Line Items]
Warrants Outstanding, Exercise Price | $ / shares	$ 11.5
Warrants Outstanding, Number Outstanding | shares	6,701,000
Warrants Outstanding, Remaining Contractual Life (Years)	4 years 8 months 26 days
Warrants Exercisable, Number Exercisable | shares	6,701,000
Warrants Exercisable, Exercise Price | $ / shares	$ 11.5

Related Party Transactions (Det

Related Party Transactions (Details)						1 Months Ended		3 Months Ended			6 Months Ended		12 Months Ended
	Sep. 18, 2023 USD ($)	Aug. 15, 2023 USD ($)	Jul. 31, 2023 USD ($)	Jul. 19, 2023 USD ($)	May 01, 2023 USD ($)	Jan. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) shares	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) shares	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) shares	Mar. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Mar. 12, 2024 USD ($)	Mar. 12, 2024 GBP (£)	Mar. 06, 2024 USD ($)	Nov. 24, 2023 GBP (£)	Sep. 01, 2023 USD ($)	Mar. 01, 2023 USD ($)	Sep. 01, 2022 USD ($)
Related Party Transactions [Line Items]
Revenue from related parties								$ 259,757		$ 5,633,944	$ 5,502,148	$ 11,010,332
Consulting expenses											40,778	73,995
Cost of revenue from related party								63,196		5,485,982	4,846,887	10,917,243
Outstanding amount due to related party								416,667			416,667
Customer digital currency assets and liabilities														$ 499,000	£ 395,000	$ 500,000
Outstanding interest											2,995		$ 1,980
Cash proceeds											1,648,748
Borrowed (in Pounds) | £																	£ 4,000
Repaid amount						$ 50,000
Principal amount								25,000			25,000
Loan principal amount													270,000
Accrued interest													563
Interest expense								10,348			17,770
Unpaid interest for related parties								$ 17,601			$ 17,601		1,771
Promissory Note [Member]
Related Party Transactions [Line Items]
Principal amount																				$ 35,000
Mature with respect amount																		$ 17,500	$ 17,500
Fixed interest rate								5%			5%
Interest income								$ 475		455
July 2023 Loan [Member]
Related Party Transactions [Line Items]
Outstanding principal balance				$ 75,619
Cash proceeds				$ 75,619
Interest rate			5%
August 2023 Loan [Member]
Related Party Transactions [Line Items]
Outstanding principal balance		$ 75,000
Cash proceeds		$ 75,000
Interest rate		5%
September 2023 Loan [Member]
Related Party Transactions [Line Items]
Outstanding principal balance	$ 270,000
Cash proceeds	$ 270,000
Interest rate	5%
Digital RFQ Ltd. [Member]
Related Party Transactions [Line Items]
Outstanding principal balance											$ 315,657
Interest rate											10%
Emil Assentato and Max Q [Member]
Related Party Transactions [Line Items]
Cash proceeds											$ 916,000
Interest rate											5%
Aggregate principal											$ 916,000
Loan Payable – Related Parties [Member]
Related Party Transactions [Line Items]
Outstanding principal balance											916,000		420,619
Line of Credit [Member]
Related Party Transactions [Line Items]
Line of credit								1,000,000			$ 1,000,000
Line of credit bears interest at an annual rate							8%		8%
Collateral shares (in Shares) | shares											133,514
Allowance for doubtful account								0			$ 0		10,199
Common Stock [Member]
Related Party Transactions [Line Items]
Amount are converted into shares (in Shares) | shares							70,129
ClearThink [Member]
Related Party Transactions [Line Items]
Business combination transaction amount								210,000			210,000
TCM [Member]
Related Party Transactions [Line Items]
Revenue from related parties											1,600,000
FXDIRECT [Member]
Related Party Transactions [Line Items]
Cost of revenue from related party											1,575,000
Amount are converted into shares (in Shares) | shares									757,678
FXDIRECT [Member] | Maximum [Member]
Related Party Transactions [Line Items]
Cost of revenue from related party					$ 1,575,000
FXDIRECT [Member] | Minimum [Member]
Related Party Transactions [Line Items]
Cost of revenue from related party					$ 1,550,000
Digital RFQ Ltd. [Member]
Related Party Transactions [Line Items]
Revenue from related parties								40,454		53,772
Customer digital currency assets and liabilities							$ 1,422		$ 1,422				0
Digital RFQ Ltd. [Member] | Line of Credit [Member]
Related Party Transactions [Line Items]
Line of credit			$ 1,000,000
Related Party [Member]
Related Party Transactions [Line Items]
Revenue from related parties											61,328	78,516
FXDirectDealer [Member]
Related Party Transactions [Line Items]
Outstanding amount due to related party							$ 2,727,061		$ 2,727,061
Related Party [Member]
Related Party Transactions [Line Items]
Outstanding interest											940	894
Allowance for doubtful account								0			$ 0		$ 637,072
Interest rate											4%
Services Provided by Related Parties [Member]
Related Party Transactions [Line Items]
Consulting expenses											$ 23,839	$ 25,063
Services Provided by Related Parties [Member] | Oliver Worsley [Member]
Related Party Transactions [Line Items]
Revenue from related parties								8,938		14,506
Services Provided by Related Parties [Member] | Craig Vallis [Member]
Related Party Transactions [Line Items]
Revenue from related parties								$ 14,080		$ 51,708
Line of Credit [Member] | Line of Credit [Member]
Related Party Transactions [Line Items]
Line of credit written off											$ 10,000

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of General Support Services Provided to the Related Party - General Support Services [Member] - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Service provided to:
Service provided to related parties		$ 4,800,000	$ 4,800,000	$ 9,600,000
Service received from:
Service received from related parties		4,725,000	4,650,000	9,450,000
TCM [Member]
Service provided to:
Service provided to related parties		4,800,000	4,800,000	9,600,000
FXDIRECT [Member]
Service received from:
Service received from related parties		$ 4,725,000	$ 4,650,000	$ 9,450,000

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Due From Affiliates - USD ($)		Mar. 31, 2024	Sep. 30, 2023
Schedule of Due From Affiliates [Line Items]
Due from related parties		$ 50,094	$ 2,039,274
Jacobi [Member]
Schedule of Due From Affiliates [Line Items]
Due from related parties			95,274
FXDD Mauritius [Member]
Schedule of Due From Affiliates [Line Items]
Due from related parties	[1]	4,498	1,500
TCM [Member]
Schedule of Due From Affiliates [Line Items]
Due from related parties		9,496	1,942,500
Craig Vallis [Member]
Schedule of Due From Affiliates [Line Items]
Due from related parties		11,810
Jamal Khurshid [Member]
Schedule of Due From Affiliates [Line Items]
Due from related parties	[2]	$ 24,290
[1]FXDD Mauritius is controlled by Emil Assentato, the Company’s former chief executive officer and chairman.[2]Jamal Khurshid is the Company’s chief executive officer and director.

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of Due to Affiliates - USD ($)		Mar. 31, 2024	Sep. 30, 2023
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties		$ 7,984,841	$ 6,808,749
Forexware LLC [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties	[1]	1,208,704	1,211,778
FXDIRECT [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties	[2]	6,269,258	5,064,428
Currency Mountain Holdings Bermuda, Limited (“CMH”) [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties		42,000	42,000
FXDD Trading [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties	[1]	410,755	396,793
Markets Direct Payments [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties	[1]	2,399	2,317
Match Fintech Limited [Member]
Schedule of Due to Affiliates Consisted [Line Items]
Due to related parties	[3]	$ 51,725	$ 91,433
[1] Forexware LLC, FXDD Trading, and Markets Direct Payments are controlled by Emil Assentato, the Company’s former chief executive officer and chairman. The partial outstanding amount of $2,727,061 due to FXDIRECT was converted into 757,678 shares of common stock of the Company in December 2023 (See Note 8 – Common shares issued for related party debts conversion). Match Fintech Limited is controlled by affiliates of the Company.

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of Activity Recorded for the Line of Credit	6 Months Ended
	Mar. 31, 2024 USD ($)
Schedule of Activity Recorded for the Line of Credit [Abstract]
Outstanding principal under the Line of Credit	$ 127,820
Repayment of Line of Credit	(127,820)
Outstanding principal under the Line of Credit

Concentrations (Details)

Concentrations (Details)	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Customer Concentration Risk [Member] | Related Party Customer One [Member] | Accounts Receivable [Member]
Concentrations [Line Items]
Concentration risk percentage	86.60%	95.20%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Related Party Supplier Two [Member]
Concentrations [Line Items]
Concentration risk percentage	73.50%	81.70%

Concentrations (Details) - Sche

Concentrations (Details) - Schedule of Customer Revenues	3 Months Ended				6 Months Ended
	Mar. 31, 2024		Mar. 31, 2023		Mar. 31, 2024		Mar. 31, 2023
Customer A [Member]
Concentration Risk [Line Items]
Related party		[1]	85.20%		87.20%		87.20%
Customer B [Member]
Concentration Risk [Line Items]
Related party	28.70%			[1]		[1]		[1]
Customer C [Member]
Concentration Risk [Line Items]
Related party	23.80%			[1]		[1]		[1]
Customer D [Member]
Concentration Risk [Line Items]
Related party	10.80%			[1]		[1]		[1]
Supplier A [Member]
Concentration Risk [Line Items]
Related party		[1]	86.10%		95.90%		86.60%
Supplier B [Member]
Concentration Risk [Line Items]
Related party	57.10%			[1]		[1]		[1]
Supplier C [Member]
Concentration Risk [Line Items]
Related party	22.90%			[1]		[1]		[1]
[1] Less than 10%

Segment Information (Details)

Segment Information (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Information [Line Items]
Reportable business segments	2	2

Segment Information (Details) -

Segment Information (Details) - Schedule of Reportable Business Segments - USD ($)	3 Months Ended				6 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Revenues
Revenues	$ 259,757		$ 5,633,944		$ 5,502,148	$ 11,010,332
Costs of revenues
Costs of revenues	63,196		5,485,982		4,846,887	10,917,243
Gross profit (loss)
Gross profit (loss)	196,561		147,962		655,261	93,089
Operating expenses
Operating expenses	2,616,410		954,326		12,022,339	2,035,948
Other income (expense)
Other income (expense)	(9,568)		715		9,566	3,288
Net income (loss)
Net income (loss)	(2,429,417)	$ (8,928,095)	(805,649)	$ (1,133,922)	(11,357,512)	(1,939,571)
Amortization
Amortization	3,483		592,891		6,932	1,185,783
Total assets	1,225,652				1,225,652		$ 3,352,625
General Support Services [Member]
Revenues
Revenues			4,800,000		4,800,000	9,600,000
Costs of revenues
Costs of revenues			4,725,000		4,650,000	9,450,000
Gross profit (loss)
Gross profit (loss)			75,000		150,000	150,000
Net income (loss)
Net income (loss)			75,000		150,000	150,000
Financial Services [Member]
Revenues
Revenues	259,757		833,944		702,148	1,410,332
Costs of revenues
Costs of revenues	63,196		760,982		196,887	1,467,243
Gross profit (loss)
Gross profit (loss)	196,561		72,962		505,261	(56,911)
Operating expenses
Operating expenses	536,177		543,688		994,810	1,037,727
Other income (expense)
Other income (expense)	457		715		25,453	3,288
Net income (loss)
Net income (loss)	(339,159)		(470,011)		(464,096)	(1,091,350)
Amortization
Amortization	3,483		591,954		6,932	1,183,910
Total assets	816,440				816,440		1,004,708
Corporate/Other [Member]
Operating expenses
Operating expenses	2,080,233		410,638		11,027,529	998,221
Other income (expense)
Other income (expense)	(10,025)				(15,887)
Net income (loss)
Net income (loss)	(2,090,258)		(410,638)		(11,043,416)	(998,221)
Amortization
Amortization			$ 937			$ 1,873
Total assets	$ 409,212				$ 409,212		$ 2,347,917

Commitments and Contingencies (

Commitments and Contingencies (Details)	May 17, 2022 USD ($)
Commitments and Contingencies [Line Items]
Common stock up to a maximum amount	$ 75,000,000

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)					6 Months Ended
	Aug. 01, 2024	Jul. 31, 2024	Jul. 22, 2024	Jun. 11, 2024	Mar. 31, 2024
Subsequent Events [Line Items]
Convertible common stock price per share (in Dollars per share)					$ 0.25
Initial closing amount					$ 50,000
Lender percentage					100%
Debt paid percentage					30%
Principal amount					$ 25,000
Forecast [Member]
Subsequent Events [Line Items]
Consideration of cash proceeds				$ 250,000
Note bears interest percentage				12%
Acquire shares issued (in Shares)	1,400,000
Shares of common stock price per share (in Dollars per share)				$ 0.25
Conversion price per share (in Dollars per share)				$ 0.25
Bear interest percentage				12%
Convertible common stock price per share (in Dollars per share)	$ 0.25
Principal amount	$ 515,500
Consideration of cash proceeds in the amount	$ 412,075
Percentage of bears interest	12%
Share price (in Dollars per share)	$ 0.25
Exercise term	5 years
Forecast [Member] | Digital RFQ Ltd. [Member]
Subsequent Events [Line Items]
Additional amount				$ 500,000
Forecast [Member] | Warrant [Member]
Subsequent Events [Line Items]
Acquire shares issued (in Shares)				1,200,000
Forecast [Member] | Senior Unsecured Promissory Note [Member]
Subsequent Events [Line Items]
Principal amount				$ 312,500
Forecast [Member] | Common Stock [Member]
Subsequent Events [Line Items]
Shares issued (in Shares)			1,889,550
Forecast [Member] | Common Shares Issued for Settlement [Member]
Subsequent Events [Line Items]
Shares issued (in Shares)		500,000
Forecast [Member] | Common Shares Issued for Services [Member]
Subsequent Events [Line Items]
Shares issued (in Shares)		300,000