2024 Q4 Form 10-Q Financial Statement
#000121390024109877 Filed on December 18, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 Q2 |
---|---|---|---|
Revenue | $102.0K | $0.00 | |
YoY Change | |||
Cost Of Revenue | $39.65K | ||
YoY Change | 66.55% | ||
Gross Profit | $62.32K | ||
YoY Change | -15.9% | ||
Gross Profit Margin | 61.12% | ||
Selling, General & Admin | $267.9K | $10.53M | |
YoY Change | -92.04% | -41.2% | |
% of Gross Profit | 429.92% | ||
Research & Development | $1.554M | ||
YoY Change | -82.99% | ||
% of Gross Profit | |||
Depreciation & Amortization | $253.00 | $223.3K | |
YoY Change | -99.68% | -39.75% | |
% of Gross Profit | 0.41% | ||
Operating Expenses | $1.483M | $10.14M | |
YoY Change | -62.41% | -62.96% | |
Operating Profit | -$1.420M | ||
YoY Change | 38373.62% | ||
Interest Expense | -$2.204M | ||
YoY Change | 102.41% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$144.1K | -$19.26M | |
YoY Change | -87.4% | 346.4% | |
Pretax Income | -$1.565M | -$33.97M | |
YoY Change | -70.9% | -8.23% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.565M | -$33.97M | |
YoY Change | -70.9% | -8.23% | |
Net Earnings / Revenue | -1534.33% | ||
Basic Earnings Per Share | -$0.39 | ||
Diluted Earnings Per Share | -$0.39 | -$1.64 | |
COMMON SHARES | |||
Basic Shares Outstanding | 20.77M shares | 4.007M shares | |
Diluted Shares Outstanding | 4.007M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2024 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $395.6K | ||
YoY Change | |||
Cash & Equivalents | $175.3K | $1.149M | |
Short-Term Investments | |||
Other Short-Term Assets | $24.61K | $90.92K | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $76.72K | $70.49K | |
Receivables | $55.87K | $30.57K | |
Other Receivables | |||
Total Short-Term Assets | $1.240M | $486.5K | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.276K | $1.138M | |
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $265.00 | $126.4K | |
YoY Change | |||
Total Long-Term Assets | $2.541K | $1.265M | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.240M | $486.5K | |
Total Long-Term Assets | $2.541K | $1.265M | |
Total Assets | $1.243M | $1.751M | |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $972.1K | $3.172M | |
YoY Change | |||
Accrued Expenses | $104.5K | $3.195M | |
YoY Change | |||
Deferred Revenue | $151.4K | $144.4K | |
YoY Change | |||
Short-Term Debt | $40.63M | ||
YoY Change | |||
Long-Term Debt Due | $1.107M | ||
YoY Change | |||
Total Short-Term Liabilities | $1.228M | $51.79M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $177.4K | ||
YoY Change | |||
Other Long-Term Liabilities | $235.5K | ||
YoY Change | |||
Total Long-Term Liabilities | $412.9K | ||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.228M | $51.79M | |
Total Long-Term Liabilities | $412.9K | ||
Total Liabilities | $3.202M | $52.20M | |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$3.319M | -$1.755M | |
YoY Change | |||
Common Stock | $1.371M | $1.307M | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$1.959M | -$50.45M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.243M | $1.751M | |
YoY Change |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.565M | -$33.97M | |
YoY Change | -70.9% | -8.23% | |
Depreciation, Depletion And Amortization | $253.00 | $223.3K | |
YoY Change | -99.68% | -39.75% | |
Cash From Operating Activities | -$799.5K | -$8.569M | |
YoY Change | -81.41% | -59.35% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | -$596.0K | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $41.64K | ||
YoY Change | -97.93% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $414.3K | 6.270M | |
YoY Change | -91.59% | -54.67% | |
NET CHANGE | |||
Cash From Operating Activities | -$799.5K | -8.569M | |
Cash From Investing Activities | -$596.0K | 0.000 | |
Cash From Financing Activities | $414.3K | 6.270M | |
Net Change In Cash | -$973.6K | -2.300M | |
YoY Change | -255.52% | -71.36% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$799.5K | -$8.569M | |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$8.569M | ||
YoY Change | -59.36% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2024Q3 | dei |
Document Type
DocumentType
|
10-Q | |
CY2024Q3 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2024Q3 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | |
CY2024Q3 | dei |
Document Transition Report
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|
false | |
CY2024Q3 | dei |
Entity File Number
EntityFileNumber
|
001-42190 | |
CY2024Q3 | dei |
Entity Registrant Name
EntityRegistrantName
|
DAMON INC. | |
CY2024Q3 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
A1 | |
CY2024Q3 | dei |
Entity Address Address Line1
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|
704 Alexander Street | |
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Vancouver | |
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BC | |
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V6A 1E3 | |
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(408) | |
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702-2167 | |
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Common Shares | |
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DMN | |
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NASDAQ | |
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Yes | |
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Yes | |
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Increase Decrease In Prepaid Deferred Expense And Other Assets
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Increase Decrease In Deferred Revenue
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Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
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CY2024Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
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Net Cash Provided By Used In Operating Activities
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Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
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CY2024Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
64335 | usd |
CY2023Q3 | dmn |
Proceeds From Net Investments From Inpixon
ProceedsFromNetInvestmentsFromInpixon
|
32193 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
414335 | usd |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
32193 | usd |
CY2024Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
7588 | usd |
CY2023Q3 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-5308 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-973612 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
84170 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1148904 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
264244 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
175292 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
348414 | usd |
CY2024Q3 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Note 1 - Organization and Nature of Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Damon Inc. (formerly known as Grafiti Holding Inc. (“Grafiti Holding”)) (collectively with its subsidiaries, as appropriate, “Damon”, the “Company,” “we,” “us” or “our”) was incorporated in British Columbia, Canada on October 17, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Grafiti Limited (formerly known as “Inpixon Limited”) was incorporated in England and Wales on May 13, 2020. Grafiti Limited provides specialized scientific software products and services for the environmental sciences, life sciences, behavioral sciences, medical research and engineering domains. Grafiti Limited provides effective solutions to the scientific and engineering community to compress the time intensive process of data analysis and presentation, thus enhancing productivity. Users of Grafiti Limited’s products include government organizations, academic institutions and leading corporations. Grafiti Limited’s headquarters are located in Slough, United Kingdom, and operations for Grafiti Limited are primarily performed in the United Kingdom.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 23, 2023, a Business Combination Agreement (as amended by the First Amendment to the Business Combination Agreement dated June 18, 2024 and the Second Amendment to the Business Combination Agreement dated September 26, 2024, the “Damon Business Combination Agreement”) was entered into by and among XTI Aerospace Inc., formerly known as “Inpixon” (“Inpixon,” or “Parent”), the Company, 1444842 B.C. LTD (“Amalco Sub”), and Damon Motors, Inc. (“Damon Motors”), pursuant to which Damon Motors will amalgamate with Amalco Sub, a British Columbia corporation and a wholly-owned subsidiary of the Company, with Damon Motors continuing as the surviving entity and a wholly-owned subsidiary of the Company (the “Business Combination”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Additionally, pursuant to a Separation and Distribution Agreement, dated October 23, 2023, between Inpixon and the Company, Inpixon contributed the assets and liabilities of Grafiti Limited, a wholly owned subsidiary of Inpixon, to the Company, the then Inpixon wholly owned subsidiary. As a result, the Company became the parent non-operating holding company of Grafiti Limited. In connection with the spin-off of the Company from Inpixon as contemplated by the Business Combination Agreement (“Grafiti Holding Spin-off”), on December 27, 2023 (the “record date”), Inpixon transferred the Company’s common shares to a newly-created liquidating trust, titled the Grafiti Holding Inc. Liquidating Trust (the “Trust”), which holds the Company’s common shares for the benefit of the holders of Inpixon common stock, preferred stock and those outstanding warrants that are contractually entitled to participate in the distribution of the Company’s common shares, on a pro rata basis as of the record date (the “participating Inpixon securityholders”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 26, 2023, pursuant to the Separation and Distribution Agreement, Grafiti Limited was assigned by Inpixon to the Company. The Company consolidates Grafiti Limited via the voting interest model, as Grafiti Limited is wholly owned by the Company. This transaction between entities under common control resulted in a change in reporting entity and required retrospective combination of the entities for all periods presented, as if the combination had been in effect since the inception of common control. Accordingly, the financial statements of the Company reflect the accounting of the combined acquired subsidiary at historical carrying values except that equity reflects the equity of the Company. This change in reporting entity did not impact net income for the periods presented. Pursuant to a Liquidating Trust Agreement, dated December 27, 2023, among Inpixon, the Company and the initial trustee of the Trust, the Company common shares were to be held by the Trust until the registration statement on Form 10-12B filed for the spin-off (the “Registration Statement”) had been declared effective by the Securities and Exchange Commission (the “SEC”). Promptly following the effective time of the Registration Statement, the Trust will deliver the Company’s common shares to the participating Inpixon security holders, as beneficiaries of the Trust, pro rata in accordance with their ownership of shares or underlying shares of Inpixon common stock as of the record date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On November 12, 2024, the Trust shares were delivered to participating Parent securityholders, and on November 13, 2024, Damon Motors and Amalco Sub amalgamated to continue as a wholly owned subsidiary of the Company (the “Amalgamation”). Following the Amalgamation, the Company was renamed “Damon Inc.” (also referred to herein as the “combined company”). The common shares of the combined company are listed on the Nasdaq Global Market under the ticker symbol “DMN”. The Company incurred $1,085,297 of acquisition related costs related to the Damon Business Combination Agreement during the three months ended September 30, 2024. These costs are included in the acquisition-related costs line in the condensed consolidated statements of operations. See Note 14.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying condensed consolidated financial statements of the Company, show the historical financial position, results of operations, changes in stockholders’ deficit and cash flows of the Company. Prior to December 27, 2023, the Company operated as a segment of Inpixon and not as a separate entity. The operating results of the Company prior to December 27, 2023 have been specifically identified by Inpixon’s management based on the Company’s existing divisional organization and are presented on a carve-out basis. The historical costs and expenses reflected in our condensed consolidated financial statements prior to December 27, 2023 include an allocation by time spent for certain corporate and shared service functions. See Note 11 for further additional information regarding the Investments by Inpixon prior to December 27, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management believes the assumptions underlying our condensed consolidated financial statements are reasonable but may not necessarily be indicative of the costs that would have incurred if the Company had been operated on a standalone basis for the entire periods presented. Actual costs that would have been incurred if we had operated as a standalone company for the entirety of the periods presented would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. The Company also may incur additional costs associated with being a standalone, publicly listed company that were not included in the expense allocations, prior to December 27, 2023, and therefore, would result in additional costs that are not reflected in our historical results of operations, financial position and cash flows.</p> | |
CY2024Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1085297 | usd |
CY2024Q3 | dmn |
Working Capital
WorkingCapital
|
12374 | usd |
CY2024Q3 | us-gaap |
Cash
Cash
|
175292 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1564540 | usd |
CY2024Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-799535 | usd |
CY2024Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with 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 each of the reporting periods. Actual results could differ from those estimates. The Company’s significant estimates consist of:</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">the allowance for credit losses;</td></tr></table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt" width="100%"><tr style="vertical-align: top"> <td style="width: 0.5in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">the valuation allowance for deferred tax assets.</td></tr></table> | |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
907897 | usd |
CY2024Q3 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
238103 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
441432 | usd |
CY2024Q2 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
108568 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
151377 | usd |
CY2024Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
144390 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
57618 | usd |
CY2024Q3 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Reclassifications</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior year amounts have been reclassified to conform to September 30, 2024 presentation. The Company notes that these reclassifications only impacted the balance sheet and did not impact cash flows or net loss.</p> | |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
101969 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
97908 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
101969 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
97908 | usd |
CY2024Q2 | us-gaap |
Loans Assumed1
LoansAssumed1
|
200000 | usd |
CY2024Q3 | us-gaap |
Loans Assumed1
LoansAssumed1
|
596000 | usd |
CY2024Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
24066 | usd |
CY2023Q3 | us-gaap |
Interest Income Other
InterestIncomeOther
|
0 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
|
1146000 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
|
550000 | usd |
CY2024Q3 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
238103 | usd |
CY2024Q2 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
108568 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
907897 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
441432 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
907897 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
441432 | usd |
CY2024Q3 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
907897 | usd |
CY2024Q2 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
441432 | usd |
CY2024Q2 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
108568 | usd |
CY2024Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
129535 | usd |
CY2024Q3 | us-gaap |
Allowance For Notes And Loans Receivable Current
AllowanceForNotesAndLoansReceivableCurrent
|
238103 | usd |
CY2024Q3 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
17326 | usd |
CY2024Q2 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
19780 | usd |
CY2024Q3 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
3921 | usd |
CY2024Q2 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
3708 | usd |
CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
53706 | usd |
CY2024Q2 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
3301 | usd |
CY2024Q3 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
18390 | usd |
CY2024Q2 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
17393 | usd |
CY2024Q3 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
11170 | usd |
CY2024Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
15739 | usd |
CY2024Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
104513 | usd |
CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
59921 | usd |
CY2024Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
6470000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt Description
LongTermDebtDescription
|
The Streeterville Note carries an original issue discount of $1,450,000 and $20,000 of issuance costs to cover legal, accounting, due diligence, monitoring and other transaction costs. On the same day, the Investor paid the purchase price of $5,000,000 as follows: (a) $1,150,000 to the Company; (b) $350,000 to Damon Motors as a senior secured loan from the Company to Damon Motors (the “Grafiti Holding Note”), and (c) $3,500,000 into escrow, which will be distributed to the Company upon satisfaction of certain conditions including | |
CY2024Q1 | dmn |
Investor Purchase Amount Received
InvestorPurchaseAmountReceived
|
5000000 | usd |
CY2024Q1 | us-gaap |
Escrow Deposit
EscrowDeposit
|
3500000 | usd |
CY2024Q3 | us-gaap |
Escrow Deposit
EscrowDeposit
|
350000 | usd |
CY2024Q4 | us-gaap |
Escrow Deposit
EscrowDeposit
|
3150000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
1974316 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1506561 | usd |
CY2024Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
101500 | usd |
CY2024Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
50405 | usd |
CY2024Q3 | dmn |
Amortized Debt Discount
AmortizedDebtDiscount
|
82178 | usd |
CY2024Q3 | dmn |
Monitoring Fee Amortization
MonitoringFeeAmortization
|
35577 | usd |
CY2024Q3 | dmn |
Percentage Of Exercise Price
PercentageOfExercisePrice
|
1.10 | pure |
CY2024Q3 | dmn |
Percentage Of Outstanding Common Shares
PercentageOfOutstandingCommonShares
|
0.10 | pure |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
|
0 | usd |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
0 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
1015383 | shares |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
64335 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1015383 | shares |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.06336 | |
CY2024Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
1015383 | shares |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
0.06336 | |
CY2023Q3 | dmn |
Net Investments From Inpixon
NetInvestmentsFromInpixon
|
32193 | usd |
CY2024Q4 | us-gaap |
Common Stock Shares Held In Employee Trust Shares
CommonStockSharesHeldInEmployeeTrustShares
|
3536746 | shares |
CY2024Q3 | dmn |
Common Stock Subordinate Voting Shares
CommonStockSubordinateVotingShares
|
14761045 | shares |
CY2024Q3 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
7.81 | |
CY2024Q3 | us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
0.57 | |
CY2024Q3 | us-gaap |
Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
|
12.73 | |
CY2024Q4 | dmn |
Aggregate Principal Amount
AggregatePrincipalAmount
|
6470000 | usd |
CY2024Q4 | us-gaap |
Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
|
8385000 | usd |
CY2024Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
1885000 | usd |
CY2025Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
2000000 | usd |
CY2025Q2 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2025Q3 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2025Q3 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2024Q3 | dmn |
Initial Maturity Date
InitialMaturityDate
|
P18M | |
CY2024Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1 | |
CY2024Q3 | dmn |
Additional Issued Discount Per Share
AdditionalIssuedDiscountPerShare
|
0.29 | |
CY2024Q3 | srt |
Interest Bearing Liabilities Average Rate Paid
InterestBearingLiabilitiesAverageRatePaid
|
0.10 | pure |
CY2025Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
2000000 | usd |
CY2025Q2 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2025Q3 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2025Q3 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1500000 | usd |
CY2024Q3 | dmn |
Non Rule10b51 Arrangement Modified Flag
NonRule10b51ArrangementModifiedFlag
|
false | |
CY2024Q3 | dmn |
Rule10b51 Arrangement Modified Flag
Rule10b51ArrangementModifiedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
00-0000000 | |
CY2024Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
|
Unlimited | |
CY2024 | us-gaap |
Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
|
Unlimited | |
CY2023Q3 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
usd | |
CY2023Q3 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2023Q3 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
usd | |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q3 | us-gaap |
Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
|
usd | |
CY2023Q3 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
usd | |
CY2023Q3 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
usd | |
CY2023Q3 | dmn |
Accrued Interest Expense
AccruedInterestExpense
|
usd | |
CY2023Q3 | dmn |
Accrued Monitoring Fee Expense
AccruedMonitoringFeeExpense
|
usd | |
CY2023Q3 | us-gaap |
Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
|
usd | |
CY2023Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
usd | |
CY2023Q3 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | |
CY2024Q3 | dmn |
Proceeds From Net Investments From Inpixon
ProceedsFromNetInvestmentsFromInpixon
|
usd | |
CY2024Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2024Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
CY2023Q3 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
usd | |
CY2024Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2024Q3 | dmn |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value Granted
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValueGranted
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
shares | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
||
CY2024Q3 | dmn |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value Expired
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValueExpired
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
CY2024Q3 | dmn |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Valu Forfeitures
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValuForfeitures
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
usd | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
shares | |
CY2024Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
||
CY2024Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2024Q3 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024Q3 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | |
CY2024Q3 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2024Q3 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2025 | |
CY2024Q3 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0002000640 |