2024 Q3 Form 10-Q Financial Statement

#000101376224002177 Filed on July 30, 2024

View on sec.gov

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

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CY2023Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8535139 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1407 usd
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Cash
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CY2023Q4 us-gaap Use Of Estimates
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<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
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CY2023Q4 us-gaap Concentration Risk Credit Risk
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<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
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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
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AllowanceForDoubtfulAccountsReceivable
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CY2023Q4 us-gaap Other Assets Current
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32927 usd
CY2023Q3 us-gaap Other Assets Current
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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
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CY2022Q4 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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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
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996113 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
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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
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996113 usd
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1443011 usd
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996113 usd
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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
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UnearnedRevenue
158378 usd
CY2023Q3 nukk Unearned Revenue
UnearnedRevenue
151617 usd
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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
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169872 usd
CY2023Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2015601 usd
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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
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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
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SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
34286 shares
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.25
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34286 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
5.25
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OtherReceivablesNetCurrent
29491 usd
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2039274 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
8178726 usd
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OtherLiabilitiesCurrent
6808749 usd
CY2023Q4 us-gaap Interest Income Other
InterestIncomeOther
2545 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
1980 usd
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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
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LineOfCreditFacilityInterestRateDuringPeriod
1 pure
CY2023Q4 srt Short Term Debt Other Average Rate Paid
ShortTermDebtOtherAverageRatePaid
0.30 pure
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
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false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
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false
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2023Q4 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 us-gaap Loans Payable Current
LoansPayableCurrent
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CY2022Q4 us-gaap Provision For Doubtful Accounts
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CY2022Q4 us-gaap Interest Expense Other
InterestExpenseOther
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CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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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
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CY2023Q4 nukk Impairment Of Digital Assets
ImpairmentOfDigitalAssets
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CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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CY2022Q4 us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
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CY2023Q4 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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CY2022Q4 nukk Proceeds From Note Receivable Related Parties
ProceedsFromNoteReceivableRelatedParties
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CY2022Q4 us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
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CY2022Q4 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
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CY2022Q4 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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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
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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
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CY2023Q3 nukk Digital Assets Impairment Charges
DigitalAssetsImpairmentCharges
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CY2023Q4 nukk Impairment Of Digital Assets
ImpairmentOfDigitalAssets
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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

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