2024 Q3 Form 10-Q Financial Statement
#000101376224002177 Filed on July 30, 2024
Income Statement
Concept | 2024 Q3 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
Revenue | $5.242M | $0.00 | |
YoY Change | |||
Cost Of Revenue | $4.784M | $5.431M | |
YoY Change | -11.92% | -5.25% | |
Gross Profit | $458.7K | -$54.87K | |
YoY Change | -935.98% | -90.91% | |
Gross Profit Margin | 8.75% | ||
Selling, General & Admin | $1.015M | ||
YoY Change | -20.36% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $592.9K | ||
YoY Change | -34.99% | ||
% of Gross Profit | |||
Operating Expenses | $9.406M | $107.7K | |
YoY Change | 8635.89% | -73.78% | |
Operating Profit | -$8.947M | -$162.5K | |
YoY Change | 5404.63% | -83.97% | |
Interest Expense | $7.422K | $214.6K | |
YoY Change | -96.54% | -1066.85% | |
% of Operating Profit | |||
Other Income/Expense, Net | $19.13K | $2.570K | |
YoY Change | 644.51% | -310.66% | |
Pretax Income | -$8.928M | $107.0K | |
YoY Change | -8446.35% | -124.72% | |
Income Tax | $0.00 | ||
% Of Pretax Income | 0.0% | ||
Net Earnings | -$8.928M | $107.0K | |
YoY Change | -8446.27% | -124.72% | |
Net Earnings / Revenue | -170.3% | ||
Basic Earnings Per Share | -$0.85 | -$0.11 | |
Diluted Earnings Per Share | -$0.85 | $0.02 | |
COMMON SHARES | |||
Basic Shares Outstanding | 14.80M shares | 1.815M shares | 2.076M shares |
Diluted Shares Outstanding | 10.56M shares | 10.07M shares |
Balance Sheet
Concept | 2024 Q3 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.111M | ||
YoY Change | -87.18% | ||
Cash & Equivalents | $204.1K | $6.111M | |
Short-Term Investments | |||
Other Short-Term Assets | $32.93K | $740.00 | |
YoY Change | 4349.59% | -99.97% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $102.8K | ||
Other Receivables | $29.49K | $0.00 | |
Total Short-Term Assets | $1.960M | $6.112M | |
YoY Change | -67.93% | -87.18% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $391.2K | $6.602M | |
YoY Change | -94.07% | 0.0% | |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $421.5K | $0.00 | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.960M | $6.112M | |
Total Long-Term Assets | $421.5K | $0.00 | |
Total Assets | $2.382M | $6.112M | |
YoY Change | -61.03% | -87.18% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $296.2K | $315.0K | |
YoY Change | -5.99% | 1.75% | |
Accrued Expenses | $424.9K | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $3.651M | ||
YoY Change | 124.62% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $11.62M | $3.966M | |
YoY Change | 193.07% | 104.96% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | ||
YoY Change | |||
Other Long-Term Liabilities | $10.64K | ||
YoY Change | -94.1% | ||
Total Long-Term Liabilities | $705.3K | $10.64K | |
YoY Change | 6528.57% | -94.1% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $11.62M | $3.966M | |
Total Long-Term Liabilities | $705.3K | $10.64K | |
Total Liabilities | $12.33M | $3.976M | |
YoY Change | 210.03% | 87.98% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$44.94M | -$7.800M | |
YoY Change | 476.14% | 36.55% | |
Common Stock | $1.390K | $3.880M | |
YoY Change | -99.96% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$9.947M | -$3.920M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.382M | $6.112M | |
YoY Change | -61.03% | -87.18% |
Cashflow Statement
Concept | 2024 Q3 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$8.928M | $107.0K | |
YoY Change | -8446.27% | -124.72% | |
Depreciation, Depletion And Amortization | $592.9K | ||
YoY Change | -34.99% | ||
Cash From Operating Activities | -$738.0K | -$78.25K | |
YoY Change | 843.13% | -64.82% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | -100.0% | ||
Cash From Investing Activities | $130.1K | $0.00 | |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $746.2K | -25.01M | |
YoY Change | -102.98% | -1910.57% | |
NET CHANGE | |||
Cash From Operating Activities | -$738.0K | -78.25K | |
Cash From Investing Activities | $130.1K | 0.000 | |
Cash From Financing Activities | $746.2K | -25.01M | |
Net Change In Cash | $171.8K | -25.09M | |
YoY Change | -100.68% | 11256.1% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$738.0K | -$78.25K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10563645 | shares |
CY2022Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2023Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022Q4 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
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CY2023Q4 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q4 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q4 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-12-31 | |
CY2023Q4 | dei |
Document Transition Report
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|
false | |
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Entity File Number
EntityFileNumber
|
001-39341 | |
CY2023Q4 | dei |
Entity Registrant Name
EntityRegistrantName
|
Nukkleus Inc. | |
CY2023Q4 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | |
CY2023Q4 | dei |
Entity Tax Identification Number
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38-3912845 | |
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Entity Address Address Line1
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525 Washington Boulevard | |
CY2023Q4 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
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Jersey City | |
CY2023Q4 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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NJ | |
CY2023Q4 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
07310 | |
CY2023Q4 | dei |
City Area Code
CityAreaCode
|
212 | |
CY2023Q4 | dei |
Local Phone Number
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|
791-4663 | |
CY2023Q4 | dei |
Entity Current Reporting Status
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|
No | |
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Stockholders Equity
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|
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Stockholders Equity
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|
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Liabilities And Stockholders Equity
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Revenues
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|
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|
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|
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Comprehensive Income Net Of Tax
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|
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Earnings Per Share Basic
EarningsPerShareBasic
|
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Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
CY2023Q4 | us-gaap |
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|
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Weighted Average Number Of Shares Outstanding Basic
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|
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Stockholders Equity
StockholdersEquity
|
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Stock Issued During Period Value Issued For Services
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Net Income Loss
NetIncomeLoss
|
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CY2023Q4 | us-gaap |
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|
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Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
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|
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|
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Net Income Loss
NetIncomeLoss
|
-1133922 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-27983 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9875551 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8928095 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1133922 | usd |
CY2023Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3449 | usd |
CY2022Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
592892 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2090268 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
146876 | usd |
CY2023Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
6145942 | usd |
CY2023Q4 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
3906 | usd |
CY2022Q4 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-164 | usd |
CY2022Q4 | nukk |
Impairment Of Digital Assets
ImpairmentOfDigitalAssets
|
7610 | usd |
CY2023Q4 | nukk |
Increase Decreasein Customer Digital Currency Assets
IncreaseDecreaseinCustomerDigitalCurrencyAssets
|
970879 | usd |
CY2022Q4 | nukk |
Increase Decreasein Customer Digital Currency Assets
IncreaseDecreaseinCustomerDigitalCurrencyAssets
|
60324 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1242 | usd |
CY2023Q4 | nukk |
Increase Decrease In Digital Assets
IncreaseDecreaseInDigitalAssets
|
861 | usd |
CY2022Q4 | nukk |
Increase Decrease In Digital Assets
IncreaseDecreaseInDigitalAssets
|
-9798 | usd |
CY2023Q4 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
4133506 | usd |
CY2022Q4 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-284562 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-1980 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
12731 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
147480 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-808 | usd |
CY2023Q4 | nukk |
Increase Decrease Customer Custodial Cash Liabilities
IncreaseDecreaseCustomerCustodialCashLiabilities
|
-171568 | usd |
CY2022Q4 | nukk |
Increase Decrease Customer Custodial Cash Liabilities
IncreaseDecreaseCustomerCustodialCashLiabilities
|
5874714 | usd |
CY2023Q4 | nukk |
Increase Decrease In Customer Digital Currency Liabilities
IncreaseDecreaseInCustomerDigitalCurrencyLiabilities
|
970879 | usd |
CY2022Q4 | nukk |
Increase Decrease In Customer Digital Currency Liabilities
IncreaseDecreaseInCustomerDigitalCurrencyLiabilities
|
60324 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
4077839 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
|
93254 | usd |
CY2023Q4 | nukk |
Increase Decrease In Accrued Payroll Liability And Directors Compensation
IncreaseDecreaseInAccruedPayrollLiabilityAndDirectorsCompensation
|
26572 | usd |
CY2022Q4 | nukk |
Increase Decrease In Accrued Payroll Liability And Directors Compensation
IncreaseDecreaseInAccruedPayrollLiabilityAndDirectorsCompensation
|
30000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
9011 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-66627 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
|
6015 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-7209 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
8538 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-737831 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5834320 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
67800 | usd |
CY2023Q4 | nukk |
Proceeds From Note Receivable Related Parties
ProceedsFromNoteReceivableRelatedParties
|
130137 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
130137 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-67800 | usd |
CY2023Q4 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
150161 | usd |
CY2023Q4 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
50000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
627967 | usd |
CY2023Q4 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
81957 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
746171 | usd |
CY2023Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
33314 | usd |
CY2022Q4 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
384202 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
171791 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
6150722 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
691819 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2384417 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
863610 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8535139 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
204148 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
279728 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
659462 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
8255411 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
863610 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8535139 | usd |
CY2023Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1407 | usd |
CY2023Q4 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
2997624 | usd |
CY2021Q4 | us-gaap |
Other Investments
OtherInvestments
|
1000000 | usd |
CY2021Q4 | nukk |
Exchange Shares Percentage
ExchangeSharesPercentage
|
0.04545 | pure |
CY2023Q4 | us-gaap |
Cash
Cash
|
204000 | usd |
CY2023Q3 | us-gaap |
Cash
Cash
|
19000 | usd |
CY2023Q4 | nukk |
Working Capital Deficits
WorkingCapitalDeficits
|
9663000 | usd |
CY2023Q4 | nukk |
Shares Reflecting Exchange Ratio
SharesReflectingExchangeRatio
|
36.44532 | |
CY2023Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><span style="text-decoration:underline">Use of estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 months ended December 31, 2023 and 2022 include the allowance for doubtful accounts, 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
204148 | usd |
CY2023Q4 | nukk |
Cash Percentage
CashPercentage
|
1 | pure |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
19318 | usd |
CY2023 | nukk |
Cash Percentage
CashPercentage
|
1 | pure |
CY2023Q4 | nukk |
Customer Digital Currency Assets Current
CustomerDigitalCurrencyAssetsCurrent
|
996113 | usd |
CY2023Q4 | nukk |
Customer Digital Currency Liabilities Current
CustomerDigitalCurrencyLiabilitiesCurrent
|
996113 | usd |
CY2023Q4 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Credit risk and uncertainties</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">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 December 31, 2023, </span>there were no balances in excess of the federally-insured limits.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white">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.</span></p> | |
CY2023Q4 | us-gaap |
Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
|
250000 | usd |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
600000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
637072 | usd |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
32927 | usd |
CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
32522 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P3Y | |
CY2023Q4 | nukk |
Services Cost Percentage
ServicesCostPercentage
|
0.02 | pure |
CY2023Q4 | us-gaap |
Revenues
Revenues
|
5242391 | usd |
CY2022Q4 | us-gaap |
Revenues
Revenues
|
5376388 | usd |
CY2023Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
21018 | usd |
CY2022Q4 | us-gaap |
Marketing And Advertising Expense
MarketingAndAdvertisingExpense
|
49122 | usd |
CY2023Q4 | nukk |
Foreign Currency Translation Description
ForeignCurrencyTranslationDescription
|
Asset and liability accounts at December 31, 2023 and September 30, 2023 were translated at 0.7849 GBP and 0.8199 GBP to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at December 31, 2023 and September 30, 2023 were translated at 0.9046 EUR and 0.9446 EUR to $1.00, respectively, which were the exchange rates on the balance sheet dates. Asset and liability accounts at December 31, 2023 and September 30, 2023 were translated at 1.3264 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 three months ended December 31, 2023 and 2022 was 0.8053 GBP and 0.8525 GBP to $1.00, respectively. The average translation rate applied to the statement of operations for the three months ended December 31, 2023 and 2022 was 0.9288 EUR and 0.9806 EUR to $1.00. The average translation rate applied to the statement of operations for the three months ended December 31, 2023 was 1.3619 CAD to $1.00. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate. | |
CY2023Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6825286 | shares |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
167143 | shares |
CY2023Q4 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="background-color: white"><span style="text-decoration:underline">Reclassification </span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p> | |
CY2023Q4 | nukk |
Shares Reflecting Exchange Ratio
SharesReflectingExchangeRatio
|
36.44532 | |
CY2023Q4 | nukk |
Customer Custodial Cash
CustomerCustodialCash
|
659462 | usd |
CY2023Q3 | nukk |
Customer Custodial Cash
CustomerCustodialCash
|
672501 | usd |
CY2023Q4 | nukk |
Customer Digital Currency Assets Current
CustomerDigitalCurrencyAssetsCurrent
|
996113 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
1655575 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
672501 | usd |
CY2023Q4 | nukk |
Customer Custodial Cash Liabilitie
CustomerCustodialCashLiabilitie
|
1331330 | usd |
CY2023Q3 | nukk |
Customer Custodial Cash Liabilitie
CustomerCustodialCashLiabilitie
|
1443011 | usd |
CY2023Q4 | nukk |
Customer Digital Currency Liabilities Current
CustomerDigitalCurrencyLiabilitiesCurrent
|
996113 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
2327443 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1443011 | usd |
CY2023Q4 | nukk |
Customer Digital Currency Assets Current
CustomerDigitalCurrencyAssetsCurrent
|
996113 | usd |
CY2023Q4 | nukk |
Customer Digital Currency Assets Percentage
CustomerDigitalCurrencyAssetsPercentage
|
1 | pure |
CY2023Q4 | nukk |
Digital Asset Gross
DigitalAssetGross
|
2945 | usd |
CY2023Q4 | nukk |
Digital Assets1
DigitalAssets1
|
2945 | usd |
CY2023Q3 | nukk |
Digital Asset Gross
DigitalAssetGross
|
1973 | usd |
CY2023Q3 | nukk |
Digital Assets1
DigitalAssets1
|
1973 | usd |
CY2022Q4 | nukk |
Impairment Of Digital Assets
ImpairmentOfDigitalAssets
|
7610 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
50000 | usd |
CY2023Q4 | nukk |
Unearned Revenue
UnearnedRevenue
|
158378 | usd |
CY2023Q3 | nukk |
Unearned Revenue
UnearnedRevenue
|
151617 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
11367 | usd |
CY2023Q3 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
18255 | usd |
CY2023Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
169745 | usd |
CY2023Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
169872 | usd |
CY2023Q4 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2015601 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
124286 | shares |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
23.53 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
124286 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
23.53 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
90000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
30.5 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
34286 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
5.25 | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2023Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
34286 | shares |
CY2023Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
5.25 | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
34286 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
5.25 | |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
29491 | usd |
CY2023Q3 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
2039274 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
8178726 | usd |
CY2023Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
6808749 | usd |
CY2023Q4 | us-gaap |
Interest Income Other
InterestIncomeOther
|
2545 | usd |
CY2023 | us-gaap |
Interest Income Other
InterestIncomeOther
|
1980 | usd |
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
127820 | usd |
CY2023Q4 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
127820 | usd |
CY2023Q4 | us-gaap |
Securities Borrowed
SecuritiesBorrowed
|
4000 | gbp |
CY2023Q4 | us-gaap |
Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
|
270000 | usd |
CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
563 | usd |
CY2023Q4 | us-gaap |
Interest Expense
InterestExpense
|
7422 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
7280 | usd |
CY2023Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1771 | usd |
CY2023Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2022Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2023Q4 | us-gaap |
Revenues
Revenues
|
5242391 | usd |
CY2022Q4 | us-gaap |
Revenues
Revenues
|
5376388 | usd |
CY2023Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4783691 | usd |
CY2022Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
5431261 | usd |
CY2023Q4 | us-gaap |
Gross Profit
GrossProfit
|
458700 | usd |
CY2022Q4 | us-gaap |
Gross Profit
GrossProfit
|
-54873 | usd |
CY2023Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
9405929 | usd |
CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
1081622 | usd |
CY2023Q4 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
19134 | usd |
CY2022Q4 | us-gaap |
Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
|
2573 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8928095 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1133922 | usd |
CY2023Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3449 | usd |
CY2022Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
592892 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
2381574 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
3352625 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.12 | pure |
CY2023Q4 | us-gaap |
Common Stock Convertible Conversion Price Increase
CommonStockConvertibleConversionPriceIncrease
|
0.25 | |
CY2023Q4 | nukk |
Initial Closing Amount
InitialClosingAmount
|
50000 | usd |
CY2023Q4 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
1 | pure |
CY2023Q4 | srt |
Short Term Debt Other Average Rate Paid
ShortTermDebtOtherAverageRatePaid
|
0.30 | pure |
CY2023Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q3 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
usd | |
CY2022Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2022Q4 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
usd | |
CY2023Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
CY2023Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.85 | |
CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10074657 | shares |
CY2022Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2023Q4 | nukk |
Impairment Of Digital Assets
ImpairmentOfDigitalAssets
|
usd | |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | |
CY2022Q4 | us-gaap |
Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
|
usd | |
CY2023Q4 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
usd | |
CY2022Q4 | nukk |
Proceeds From Note Receivable Related Parties
ProceedsFromNoteReceivableRelatedParties
|
usd | |
CY2022Q4 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
usd | |
CY2022Q4 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
usd | |
CY2022Q4 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
usd | |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022Q4 | us-gaap |
Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
|
usd | |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8928000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-738000 | usd |
CY2023Q3 | nukk |
Customer Digital Currency Assets Current
CustomerDigitalCurrencyAssetsCurrent
|
usd | |
CY2023Q3 | nukk |
Customer Digital Currency Liabilities Current
CustomerDigitalCurrencyLiabilitiesCurrent
|
usd | |
CY2023Q3 | nukk |
Customer Digital Currency Assets Current
CustomerDigitalCurrencyAssetsCurrent
|
usd | |
CY2023Q3 | nukk |
Customer Digital Currency Assets Percentage
CustomerDigitalCurrencyAssetsPercentage
|
pure | |
CY2023Q4 | nukk |
Digital Assets Impairment Charges
DigitalAssetsImpairmentCharges
|
usd | |
CY2023Q3 | nukk |
Digital Assets Impairment Charges
DigitalAssetsImpairmentCharges
|
usd | |
CY2023Q4 | nukk |
Impairment Of Digital Assets
ImpairmentOfDigitalAssets
|
usd | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
shares | |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
||
CY2023Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
usd | |
CY2023Q4 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q4 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | |
CY2023Q4 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q4 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | |
CY2023Q4 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001787518 |