Form 10-Q - Quarterly report [Sections 13 or 15(d)]

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Quarterly Period Ended March 31, 2024

 

OR

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Transition Period from _______ to _______

 

Commission file number

333-191083

 

ACTAVIA LIFE SCIENCES, INC.

(Exact name of registrant as specified in its charter)

 

Nevada		39-2080103
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)

 

5 Penn Plaza, 19^th Floor, # 1954, New York, NY 10001

(Address of principal executive offices) (Zip Code)

 

Telephone: [phone]

(Registrant’s telephone number)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐  No ☒

 

Securities registered pursuant to Section 12(b) of the Act: None

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 771,811,360 shares of common stock were issued and outstanding as of May 20, 2024.

 

 

 

 

 

TABLE OF CONTENTS

 

		PAGE
PART I	FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS (Unaudited)	1
	Condensed Consolidated Balance Sheets – March 31, 2024 and September 30, 2023	1
	Condensed Consolidated Statements of Operations for the Three and Six Months Ended March 31, 2024 and 2023	2
	Condensed Consolidated Statements of Changes in Shareholders’ Deficit for the Three and Six Months Ended March 31, 2024 and 2023	3
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended March 31, 2024 and 2023	4
	Notes to the Unaudited Condensed Consolidated Financial Statements	5
ITEM 2.	Management’s discussion and analysis of financial condition and results of operations	10
ITEM 3.	Controls and Procedures	15
PART II	OTHER INFORMATION
ITEM 1A	Risk factors	16
ITEM 6.	Exhibits	16
SIGNATURES		17

 

i

 

 

PART I – FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

ACTAVIA LIFE SCIENCES, INC.

 

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 

		March 31, 2024				September 30, 2023
ASSETS
Current assets:
Cash		$	1,392			$	74,986
Prepaid and other receivables			47,222				20,671
Total assets		$	48,614			$	95,657
LIABILITIES AND SHAREHOLDERS’  DEFICIT
Liabilities:
Current liabilities:
Accounts payable and accrued expenses		$	1,503,658			$	1,458,216
Related party payables			420,881				380,339
Loan payable, related party			207,718				197,736
Note payable			53,950				8,509
Convertible notes payable, net - related party			42,294				4,730
Derivative liabilities			1,862				2,036
Total Current Liabilities			2,230,363				2,051,566
Commitments and contingencies			—				—
Shareholders’ deficit
Preferred stock, $0.001 par value 20,000,000 shares authorized, none issued and outstanding			—				—
Common stock, $0.001 par value; 1,500,000,000 shares authorized and 771,811,360 shares issued and outstanding at both March 31, 2024 and September 30, 2023			771,811				771,811
Additional paid-in capital			25,953,197				25,935,882
Accumulated deficit			(28,906,757	)			(28,663,602	)
Total shareholders’ deficit			(2,181,749	)			(1,955,909	)
Total liabilities and shareholders’ deficit		$	48,614			$	95,657

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

1

 

 

ACTAVIA LIFE SCIENCES, INC.

 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

		For the Three Months Ended March 31,								For the Six Months Ended March 31,
		2024				2023				2024				2023
Operating expenses:
General and administrative		$	60,161			$	93,955			$	166,374			$	198,811
Research and development			11,226				13,704				29,743				31,660
Common stock issued for services (see Note 6)			-				3,858,793				-				3,858,793
Total operating expenses			71,387				3,966,452				196,117				4,089,264
Loss from operations			(71,387	)			(3,966,452	)			(196,117	)			(4,089,264	)
Other income/(expense):
Accretion of debt discount			(15,837	)			(164,147	)			(30,697	)			(180,333	)
Interest expense			(8,743	)			(6,489	)			(17,200	)			(18,191	)
Gain on derivative liability			449				7,888				859				8,744
Total other expenses			(24,131	)			(162,748	)			(47,038	)			(189,780	)
Income tax provision			—				—				—				—
Net loss		$	(95,518	)		$	(4,129,200	)		$	(243,155	)		$	(4,279,044	)
Basic and diluted net loss per share attributable to common shareholders		$	0.00			$	0.00			$	0.00			$	0.00
Basic and diluted weighted average common shares outstanding			771,811,360				588,518,916				771,811,360				384,249,138

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

2

 

 

ACTAVIA LIFE SCIENCES, INC.

 

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT

(UNAUDITED)

 

		Three Months Ended March 31, 2024
		Common Stock								Additional Paid-In				Accumulated				Total Shareholders’
		Shares				Amount				Capital				Deficit				Deficit
Balance at December 31, 2023			771,811,360			$	771,811			$	25,935,882			$	(28,811,239	)		$	(2,103,546	)
Beneficial conversion feature related to convertible notes			—				—				17,315				—				17,315
Net loss			—				—				—				(95,518	)			(95,518	)
Balance at March 31, 2024			771,811,360			$	771,811			$	25,953,197			$	(28,906,757	)		$	(2,181,749	)

 

		Three Months Ended March 31, 2023
		Common Stock								Additional Paid-In				Accumulated				Total Shareholders’
		Shares				Amount				Capital				Deficit				Deficit
Balance at December 31, 2022			179,979,361			$	179,979			$	22,381,291			$	(24,370,911	)		$	(1,809,641	)
Issuance of stock for the conversion of promissory notes			209,773,333				209,773				—				—				209,773
Common stock issued for services			382,058,666				382,059				3,476,734				—				3,858,793
Net loss			—				—				—				(4,129,200	)			(4,129,200	)
Balance at March 31, 2023			771,811,360			$	771,811			$	25,858,025			$	(28,500,111	)		$	(1,870,275	)

 

		Six Months Ended March 31, 2024
		Common Stock								Additional Paid-In				Accumulated				Total Shareholders’
		Shares				Amount				Capital				Deficit				Deficit
Balance at October 1, 2023			771,811,360			$	771,811			$	25,935,882			$	(28,663,602	)		$	(1,955,909	)
Beneficial conversion feature related to convertible notes			—				—				17,315				—				17,315
Net loss			—				—				—				(243,155	)			(243,155	)
Balance at March 31, 2024			771,811,360			$	771,811			$	25,953,197			$	(28,906,757	)		$	(2,181,749	)

 

		Six Months Ended March 31, 2023
		Common Stock								Additional Paid-In				Accumulated				Total Shareholders’
		Shares				Amount				Capital				Deficit				Deficit
Balance at October 1, 2022			179,979,361			$	179,979			$	22,352,491			$	(24,221,067	)		$	(1,688,597	)
Issuance of stock for the conversion of promissory notes			209,773,333				209,773				—				—				209,773
Common stock issued for services			382,058,666				382,059				3,476,734				—				3,858,793
Beneficial conversion feature related to convertible notes			—				—				28,800				—				28,800
Net loss			—				—				—				(4,279,044	)			(4,279,044	)
Balance at March 31, 2023			771,811,360			$	771,811			$	25,858,025			$	(28,500,111	)		$	(1,870,275	)

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

3

 

 

ACTAVIA LIFE SCIENCES, INC.

 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

		For the Six Months Ended March 31,
		2024				2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss		$	(243,155	)		$	(4,279,044	)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash interest expense			16,849				18,191
Accretion of debt discount			30,697				180,333
Derivative liability			(859	)			(8,744	)
Common stock issued for services			—				3,858,793
Changes in operating assets and liabilities:
Accounts payable and accrued expenses			45,442				113,932
Related party payable			40,542				41,596
Prepayments and other receivables			27,399				49,786
Net cash used in operating activities			(83,085	)			(25,157	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes payable			18,000				30,000
Payments on note payable			(8,509	)			(41,985	)
Net cash provided by (used in) financing activities			9,491				(11,985	)
Net change in cash			(73,594	)			(37,142	)
Cash, beginning of period			74,986				39,363
Cash, end of period		$	1,392			$	2,221
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Derivative liabilities in connection with issuance of convertible notes.		$	685			$	1,200
Beneficial conversion feature related to issuance a of convertible notes		$	17,315			$	28,800
Issuance of common stock for conversions of promissory notes		$	-			$	209,773
Issuance of note payable relating to renewal of insurance policy		$	53,950			$	53,950

 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

 

4

 

 

ACTAVIA LIFE SCIENCES, INC.

 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)

 

1. GENERAL INFORMATION

 

Actavia Life Sciences, Inc. (f/k/a Rasna Therapeutics, Inc. the “Company”) is a biotechnology company incorporated in the State of Delaware on March 28, 2016. The Company is engaged in modulating the molecular target LSD1, which is implicated in the disease progression of leukemia and lymphoma. 

 

These unaudited condensed consolidated financial statements are presented in United States dollars (“USD”) which is also the functional currency of the primary economic environment in which the Company operates.

 

Risks and Uncertainties

 

Management continues to evaluate the impact of inflation and the economic environment on the Company, and has concluded that while it is reasonably possible that inflation could have a negative effect on the Company’s financial position, results of its operations and/or ability to secure additional cash resources, there is no current impact as cash resources are currently secured by existing shareholders. The financial statements do not include any adjustments that might result from this uncertainty.

 

2. ACCOUNTING POLICIES

 

The principal accounting policies applied in the preparation of these unaudited condensed consolidated financial statements are set out below. These policies have been applied consistently to all the periods presented unless otherwise stated. There have been no material changes in the Company’s significant accounting policies as compared to the significant accounting policies described in the Company’s annual report on Form 10-K for the Fiscal year ended September 30, 2023.

 

Basis of preparation 

 

These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission (the “SEC”) and United States generally accepted accounting principles (“US GAAP”) for interim reporting. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended September 30, 2023 and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on January 5, 2024. The accompanying unaudited condensed consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, such financial statements include all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s interim financial information.

 

The results of the operations for the three and six months ended March 31, 2024 may not be indicative of the results that may be expected for the year ending September 30, 2024. 

 

5

 

 

Principles of Consolidation

 

The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiary, Rasna Research Inc, and Rasna Research Inc’s subsidiary, Arna Therapeutics Limited. All significant intercompany accounts and transactions have been eliminated in the preparation of the accompanying consolidated financial statements. 

 

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company evaluates its estimates on an ongoing basis, including those related to the fair values of share based awards, income taxes and contingent liabilities, among others. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates and such differences could be material to the Company’s consolidated financial position and results of operations.

 

Net loss per Share

 

Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted income per share includes potentially dilutive securities such as outstanding options, warrants and convertible loan notes, using various methods such as the treasury stock, modified treasury stock, and if converted methods in the determination of dilutive shares outstanding during each reporting period.

 

The shares issuable on the exercise of options and warrants have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive.  

 

		March 31, 2024				March 31, 2023
Stock options			452,500				938,675
Warrants			1,926,501				1,926,501
Convertible notes and associated fees			105,720,000				-
Total shares issuable upon exercise or conversion			108,099,001				2,865,176

 

Recent Accounting Pronouncements

 

The Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial position, results of operations and cash flows, or do not apply to its operations.

 

6

 

 

3. LIQUIDITY AND GOING CONCERN

 

The Company has no present revenue and has experienced net losses and significant cash outflows from cash used in operating activities since inception. 

 

The Company is subject to a number of risks similar to those of other pre-commercial stage companies, including its dependence on key individuals, uncertainty of product development and generation of revenues, dependence on outside sources of capital, risks associated with research, development, testing, and obtaining related regulatory approvals of its pipeline products, suppliers and collaborators, successful protection of intellectual property, competition with larger, better-capitalized companies, successful completion of the Company’s development programs and, ultimately, the attainment of profitable operations are dependent on future events, including obtaining adequate financing to fulfill its development activities and generating a level of revenues adequate to support the Company’s cost structure.

 

The Company has experienced net losses and significant cash outflows from cash used in operating activities and as of March 31, 2024, had an accumulated deficit of $28,906,757, a net loss for the six months ended March 31, 2024 of $243,155 and net cash used in operating activities of $83,085.

 

The Company expects to continue to incur net losses and have significant cash outflows for at least the next 12 months and will require significant additional cash resources to launch new development phases of existing products in its pipeline. 

 

In the event that the Company is unable to secure the additional cash resources needed, the Company may slow current development phases or halt new development phases in order to mitigate the effects of the costs of development. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date of this filing. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern one year from the date of this filing. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. A successful transition to attaining profitable operations is dependent upon achieving a level of positive cash flows adequate to support the Company’s cost structure.

 

4. CONVERTIBLE NOTES

 

The table below summarizes outstanding convertible notes as of March 31, 2024 and March 31, 2023: 

 

Balance of convertible notes payable- related party, net as of September 30, 2023		$	4,730
Issuance of debt			18,000
Accrued Interest			6,867
Accretion of debt discount			30,697
Beneficial conversion feature related to issuance of convertible notes			(17,315	)
Derivative liabilities in connection with issuance of convertible notes			(685	)
Balance of related party notes payable, net as of March 31, 2024		$	42,294
Balance of convertible notes payable- related party, net as of September 30, 2022		$	20,900
Issuance of debt			30,000
Accrued Interest			8,540
Accretion of debt discount			180,333
Beneficial conversion feature related to issuance of convertible notes			(28,800	)
Derivative liabilities in connection with issuance of convertible notes			(1,200	)
Conversion of convertible notes			(209,773	)
Balance of related party notes payable, net as of March 31, 2023		$	-

 

7

 

 

On February 15, 2024, the Company entered into the seventeenth 16% Convertible Promissory Note again with Panetta Partners Ltd. (the “Holder”) pursuant to which the Company issued a Convertible Promissory Note to the Holder. The Holder provided the Company with $18,000 in cash. The Note provides the Holder with the right to convert, at any time, all or any part of the outstanding principal and accrued but unpaid interest into shares of the Company’s common stock at a conversion price equal to the lower of (i) $0.001 per share or (ii) the price of the next equity financing, which raises at least US $1,000,000, subject to adjustments noted within the Agreement. The number of shares issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of the Note to be converted by (y) the Conversion Price. The Note requires the Company to reserve and keep available out of its authorized and unissued shares of common stock the amount of shares that would be issued upon conversion of the Note, which includes the outstanding principal amount of the Note and interest accrued and to be accrued through the date of maturity.

 

Embedded Derivative Liability

 

Under the promissory note agreement, the interest rate will reset upon the event of a default and an additional penalty of 2% will be accrued. The Company analyzed the conversion features of the note agreement for derivative accounting consideration under ASC 815, Derivatives and Hedging, and determined the interest rate resets met the definition of a derivative. It also noted that the Contingent Interest Rate feature required bifurcation from the host note contract and was to be accounted for at fair value. In accordance with ASC 815-15, the Company bifurcated the Contingent Interest Rate feature of the note and recorded a derivative liability.

 

The embedded derivatives for the notes are carried on the Company’s balance sheet at fair value. During the three and six months ended March 31, 2024, the Company recognized an additional $685 due to the issuance of the convertible notes. During the three and six months ended March 31, 2023, the Company recognized an additional derivative liability of $1,200 due to the issuance of the convertible notes. During the three and six months ended March 31, 2023, the Company recognized a gain on derivative liability of $7,888 and $8,744 due to the conversion of outstanding notes.

 

Beneficial Conversion Feature

 

The conversion features for all notes issued are in the money as of the issuance date and accordingly a beneficial conversion feature was recorded upon issuance. As the intrinsic value of the beneficial conversion feature exceeds the face value, the recorded beneficial conversion feature was limited to the gross proceeds less any debt discounts. As at March 31, 2024 this amounted to $17,315 for the new notes issued. As at March 31, 2023 this amounted to $28,800 for the new notes issued, which was fully amortized upon conversion of the notes. 

 

5. NOTE PAYABLE

 

On March 31, 2024, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company was required to make a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 7.99%, resulting in a finance charge of $1,359. Beginning in March 2024, the Company is making 9 monthly payments of $4,645, with the last payment made in November 2024. The interest expense for this note payable for the three months ended March 31, 2024 was $270. The company made the down payment and first instalment in April 2024.

 

On March 31, 2023, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company made a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 6.99%, resulting in a finance charge of $1,187. Beginning in March 2023, the Company made 9 monthly payments of $4,626, with the last payment made in November 2023. The interest expense for this note payable for the three ended March 31, 2023 was $236.

 

6. RELATED PARTY TRANSACTIONS

 

The following is a summary of the related party transactions for the periods presented.

 

During the normal course of its business, the Company enters into various transactions with entities that are both businesses and individuals. The following is a summary of the related party transactions for the periods presented.

 

8

 

 

Gabriele Cerrone/Panetta Partners

 

Panetta Partners Limited, a shareholder of Actavia, is a company in which Gabriele Cerrone is a major shareholder and also serves as a director. As of March 31, 2024, and September 30, 2023, the balance due to Gabriele Cerrone was $175,000 for past consultancy services, which is presented as a component of related party payables.

 

In September 2023, the Company entered into an additional promissory note with Panetta Partners Ltd for $80,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2024. As of March 31, 2024, $87,360 was due with respect to this note issued.

 

In February 2024, the Company entered into an additional promissory note with Panetta Partners Ltd for $18,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2024. As of March 31, 2024, $18,360 was due with respect to this note issued.

 

Apart from the Convertible Promissory Notes, there is no interest charged on the balances with related parties. There are no defined repayment terms, and such amounts can be called for payment at any time.

  

Tiziana Life Sciences (“Tiziana”)

 

The Company is party to a Shared Services Agreement with Tiziana, whereby the Company is charged for shared services and rent. Keeren Shah, the Company’s Chief Financial Officer, is also Chief Financial Officer of Tiziana, and the Company’s directors, Willy Simon and John Brancaccio are also non-executive directors of Tiziana. 

 

As of March 31, 2024, and September 30, 2023, $245,881 and $205,340, respectively, was due to Tiziana under services charged under the shared services agreement and other expenses paid by Tiziana on behalf of the Company. This is recorded as a related party payable in the accompanying condensed consolidated balance sheets. 

 

In March 2020, Tiziana extended a loan facility to Rasna of $65,000. The loan is repayable within 18 months and is incurring an interest charge of 8% per annum. In April 2020, the loan facility was extended by a further $7,000, so the loan facility totals $72,000. As of March 31, 2024, the amount due to Tiziana under this loan facility was $95,040. The amount due to Tiziana under this agreement as of September 30, 2023 was $93,600.

 

In July 2022, Tiziana extended another loan facility to Rasna of $85,000. The loan is repayable within 18 months and is incurring an interest charge of 16% per annum. As of March 31, 2024, the amount due to Tiziana under this loan facility was $112,678. As of September 30, 2023, the amount due to Tiziana under this loan facility was $105,576.

 

Apart from the Convertible Promissory Notes, there is no interest charged on the balances with related parties. There are no defined repayment terms, and such amounts can be called for payment at any time.

 

7. SUBSEQUENT EVENT

 

In May 2024, the Company entered into a promissory note with Panetta Partners Ltd for $60,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2025. 

 

9

 

 

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Forward-Looking Statements 

 

This section and other parts of this Quarterly Report on Form 10-Q contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “future,” “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “will,” “would,” “could,” “can,” “may,” and similar terms. Forward-looking statements are not guarantees of future performance and the Company’s actual results may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in the Company’s Annual Report on Form 10-K filed on January 5, 2024 under the heading “Risk Factors,” which are incorporated herein by reference.

 

We assume no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

 

Unless expressly indicated or the context requires otherwise, the terms “Rasna,”,” the “Company,” “we,” “us,” and “our” refer to Actavia Life Sciences, Inc., a Nevada corporation, and, where appropriate, its wholly owned subsidiaries.

 

Company Background

 

To date, we have devoted substantially all of our resources to research and development efforts relating to our therapeutic candidates, including conducting clinical trials and developing manufacturing capabilities, in-licensing related intellectual property, protecting our intellectual property and providing general and administrative support for these operations. Since our inception, we have funded our operations primarily through the issuance of equity securities and convertible notes.

 

We anticipate that our expenses will increase substantially if and as we:

 

●

initiate new clinical trials;

 

●

seek to identify, assess, acquire and develop other products, therapeutic candidates and technologies;

 

●

seek regulatory and marketing approvals in multiple jurisdictions for our therapeutic candidates that successfully complete clinical studies;

 

●

establish collaborations with third parties for the development and commercialization of our products and therapeutic candidates;

 

●

make milestone or other payments under our agreements pursuant to which we have licensed or acquired rights to intellectual property and technology;

 

●

seek to maintain, protect, and expand our intellectual property portfolio;

 

●

seek to attract and retain skilled personnel;

 

●

incur the administrative costs associated with being a public company and related costs of compliance;

 

●

create additional infrastructure to support our operations as a commercial stage public company and our planned future commercialization efforts; and

 

●

experience any delays or encounter issues with any of the above.

 

We expect to continue to incur significant expenses and increasing losses for at least the next several years. Accordingly, we anticipate that we will need to raise additional capital in addition to the net proceeds from this offering in order to obtain regulatory approval for, and the commercialization of our therapeutic candidates. Until such time that we can generate meaningful revenue from product sales, if ever, we expect to finance our operating activities through public or private equity or debt financings, government or other third-party funding, marketing and distribution arrangements and other collaborations, strategic alliances and licensing arrangements or a combination of these approaches. If we are unable to obtain funding on a timely basis, we may be required to significantly curtail, delay or discontinue one or more of our research or development programs or the commercialization of any approved therapies or products or be unable to expand our operations or otherwise capitalize on our business opportunities, as desired, which could materially adversely affect our business, financial condition and results of operations.

 

We only have one segment of activity, which is that of a biotechnology company focused on targeted drugs to treat diseases in oncology and immunology, mainly focusing on the treatment of leukemia and lymphoma.

 

10

 

 

Critical Accounting Policies and Estimates

 

This discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting principles in the United States of America, or US GAAP. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. In accordance with US GAAP, we base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions.

 

Basis of preparation 

 

The accompanying financial statements have been prepared in conformity with US GAAP. Any reference in these notes to applicable guidance is meant to refer to US GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (“the FASB”).

 

Liquidity and Going Concern

 

We are subject to a number of risks similar to those of other pre-commercial stage companies, including our dependence on key individuals, uncertainty of product development and generation of revenues, dependence on outside sources of capital, risks associated with research, development, testing, and obtaining related regulatory approvals of its pipeline products, suppliers and collaborators, successful protection of intellectual property, competition with larger, better-capitalized companies, successful completion of our development programs and, ultimately, the attainment of profitable operations are dependent on future events, including obtaining adequate financing to fulfill our development activities and generating a level of revenues adequate to support our cost structure. 

 

We have no present revenue and have experienced net losses and significant cash outflows from cash used in operating activities since inception, and at March 31, 2024, had a working capital deficit of $2,181,749.

 

We expect to continue to incur net losses and have significant cash outflows for at least the next twelve months and will require significant additional cash resources to launch new development phases of existing products in its pipeline. In the event that the Company is unable to secure the necessary additional cash resources needed, we may slow current development phases or halt new development phases in order to mitigate the effects of the costs of development. These conditions, among others, raise substantial doubt about our ability to continue as a going concern one year from the date of this filing. The accompanying condensed consolidated financial statements have been prepared assuming that we will continue as a going concern one year from the date of this filing. This basis of accounting contemplates the recovery of our assets and the satisfaction of liabilities in the normal course of business. A successful transition to attaining profitable operations is dependent upon achieving a level of positive cash flows adequate to support our cost structure.

 

The Company is currently looking into raising funds to progress its R&D pipeline.

 

11

 

 

Results of Operations

 

The following paragraphs set forth our results of operations for the periods presented. The period-to-period comparison of financial results is not necessarily indicative of future results.

 

Results of Operations for the Three months ended March 31, 2024 and 2023

 

The following table sets forth the summary statements of operations for the periods indicated:

 

		For the Three Months Ended March 31,
		2024				2023
		(Unaudited)				(Unaudited)
Operating expenses:
General and administrative		$	60,161			$	93,955
Research and development			11,226				13,704
Common stock issued for services			—				3,858,793
Total operating expenses			71,387				3,966,452
Loss from operations		$	(71,387	)		$	(3,966,452	)
Other (expense)/income:
Accretion of debt discount			(15,837	)			(164,147	)
Interest expense			(8,743	)			(6,489	)
Gain on derivative liability			449				7,888
Other expense		$	(24,131	)		$	(162,748	)
Net (loss)/ income		$	(95,518	)		$	(4,129,200	)

 

Revenues

 

There were no revenues for the three months ended March 31, 2024 and 2023 because the Company does not have any commercial biopharmaceutical products.

 

Operating Expenses

 

Operating expenses, consisting of research and development costs, consultancy fees, legal and professional fees and general and administrative expenses, for the three months ended March 31, 2024 decreased to $71,387 from $3,966,452 for the three months ended March 31, 2023, a decrease of $3,895,065.This was predominantly due to the 2023 issuance of 382,058,666 shares to Panetta Partners Ltd as consideration for their continued financial support of the company, which at the date of issuance was valued at $3,858,793.

 

Other expense

 

During the three months ended March 31, 2024, other expense decreased to $24,131 from $162,478 for the three months ended March 31, 2023. This decrease is predominantly due to less accretion of debt discount charges and less gain on the adjustment of a derivative liability incurred in the three months ended March 31, 2024.

 

Net loss

 

Net loss for the three months ended March 31, 2024 decreased to $95,518 from a net loss of $4,129,200 for the three months ended March 31, 2023, a change of $4,033,682. This is predominantly due to less accretion of debt discount charges and less gain on the adjustment of a derivative liability incurred in the three months ended March 31, 2024 offset by the issuance of 382,058,666 shares to Panetta Partners Ltd as consideration for their continued financial support of the company, which at the date of issuance was valued at $3,858,793.

 

12

 

 

Results of Operations for the Six months ended March 31, 2024 and 2023

 

The following table sets forth the summary statements of operations for the periods indicated:

 

		For the Six Months Ended March 31,
		2024				2023
		(Unaudited)				(Unaudited)
Operating expense:
General and administrative		$	166,374			$	198,811
Research and development			29,743				31,660
Common stock issued for services			—				3,858,793
Total operating expense			196,117				4,089,264
Loss from operations		$	(196,117	)		$	(4,089,264	)
Other (expense)/ income:
Accretion of debt discount			(30,697	)			(180,333	)
Interest expense			(17,200	)			(18,191	)
Gain on derivative liability			859				8,744
Other expense		$	(47,038	)		$	(189,780	)
Net loss		$	(243,155	)		$	(4,279,044	)

 

Revenues

 

There were no revenues for the six months ended March 31, 2024, and 2023 because the Company does not have any commercial biopharmaceutical products.

 

Operating Income/(Expenses)

 

Operating expenses, consisting of research and development costs, consultancy fees, legal and professional fees and general and administrative expenses, for the six months ended March 31, 2024 decreased to $196,117 from $4,089,264 for the six months ended March 31, 2023, a decrease of $3,893,147. This was predominantly due to the 2023 issuance of 382,058,666 shares to Panetta Partners Ltd as consideration for their continued financial support of the company, which at the date of issuance was valued at $3,858,793.

 

Other expense

 

During the six months ended March 31, 2024, other expenses decreased to $47,038 from $189,780 for the six months ended March 31, 2023. This decrease is predominantly due to less accretion of debt discount charges and less gain on the adjustment of a derivative liability incurred in the six months ended March 31, 2024.

 

Net loss

 

Net loss for the six months ended March 31, 2024 decreased to $243,155 from $4,279,044 for the six months ended March 31, 2023, a change of $4,035,889. This is predominantly due to the issuance in 2023 of 382,058,666 shares to Panetta Partners Ltd as consideration for their continued financial support of the company, which at the date of issuance was valued at $3,858,793 offset by less accretion of debt discount charges and less gain on the adjustment of a derivative liability incurred in the three months ended March 31, 2024.

 

13

 

 

Liquidity and Capital Resources 

 

We believe we will require significant additional cash resources to continue to launch new development phases of existing products in the Company’s pipeline. In the event that we are unable to secure the necessary additional cash resources needed, we may slow current development phases or halt new development phases in order to mitigate the effects of the costs of development. These conditions, among others, raise substantial doubt about our ability to continue as a going concern. A successful transition to attaining profitable operations is dependent upon achieving a level of positive cash flows adequate to support our cost structure. We cannot be certain that additional funding will be available on acceptable terms, or at all. To the extent that we raise additional funds by issuing equity securities, our shareholders may experience significant dilution. Any debt financing, if available, may (i) involve restrictive covenants that impact our ability to conduct, delay, scale back or discontinue the development and/or commercialization of one or more product candidates; (ii) seek collaborators for product candidates at an earlier stage than otherwise would be desirable and on terms that are less favorable than might otherwise be available; or (iii) relinquish or otherwise dispose of rights to technologies, product candidates or products that we would otherwise seek to develop or commercialize its self on unfavorable terms. 

  

Capital Resources

 

The following table summarizes total current assets, liabilities and working capital deficiency as of the periods indicated:

 

		March 31, 2024 (Unaudited)				September 30, 2023 (Unaudited)				Change
Current assets		$	48,614			$	95,657			$	(47,043	)
Current liabilities			2,230,363				2,051,566				178,797
Working capital deficit		$	(2,181,749	)		$	(1,955,909	)		$	(225,840	)

 

14

 

 

We had a cash balance of $1,392 and $74,986 on March 31, 2024, and September 30, 2023, respectively. 

 

Liquidity

 

The following table sets forth a summary of our cash flows for the periods indicated:

 

 

		For the six months ended March 31,
		2024				2023				Increase/ (Decrease)
Net cash used in operating activities		$	(83,085	)		$	(25,157	)		$	(57,928	)
Net cash used in investing activities		$	-			$	-			$	-
Net cash provided by/(used in) financing activities		$	9,491			$	(11,985	)		$	21,476

 

Net Cash Used in Operating Activities

 

Net cash used in operating activities consists of net loss adjusted for the effect of changes in operating assets and liabilities.

 

Net cash used in operating activities was $83,085 for the six months ended March 31, 2023 compared to $25,157 for the six months ended March 31, 2023. The net loss of $243,155 for the six months ended March 31, 2024 was offset by a gain on derivative liability of $859 adjusted for accretion of debt discount of $30,697, non-cash interest expense of $16,849 and changes in operating assets and liabilities of $113,383.

 

Net Cash Provided by Financing Activities

 

Net cash provided by financing activities consists of proceeds from the issuance of convertible notes of $18,000 offset by payments for on a note payable of $8,509 for the six months ended March 31, 2024 compared to proceeds from the issuance of convertible notes of $30,000 offset by payments for on a note payable of $41,985 for the six months ended March 31, 2023.

 

ITEM 3. CONTROLS AND PROCEDURES 

 

Evaluation of Disclosure Controls and Procedures

 

We maintain “disclosure controls and procedures,” as such term is defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). This term refers to the controls and procedures of a company that are designed to ensure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized, and reported within the required time periods. In designing and evaluating our disclosure controls and procedures, our management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

 

As of the end of the period covered by this Report, the Company’s Chief Executive Officer, evaluated the effectiveness of the Company’s “disclosure controls and procedures,” as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934. Based on that evaluation,  the Chief Executive officer concluded that, as of the date of the evaluation, the Company’s disclosure controls and procedures were not effective to provide reasonable assurance that the information required to be disclosed in the Company’s periodic filings under the Securities Exchange Act of 1934 is accumulated and communicated to management to allow timely decisions regarding required disclosure.

 

Changes in Internal Control over Financial Reporting

 

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act) during our most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. 

 

15

 

 

PART II – OTHER INFORMATION

 

ITEM 1A. RISK FACTORS

 

There have been no material changes from the risk factors disclosed in our Annual Report on Form 10-K as of and for the year ended September 30, 2023, filed with the SEC on January 5, 2024. 

 

ITEM 6. EXHIBITS

 

31.1		Certification of Principal Executive Officer and Principal Financial and Accounting Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002.
32.1		Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of Sarbanes-Oxley Act of 2002.
101.INS		Inline XBRL Instance Document.
101.SCH		Inline XBRL Taxonomy Extension Schema Document.
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

16

 

 

Signatures

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	Actavia Life Sciences, Inc.
May 20, 2024	By:	/s/ Keeren Shah
		Name:	Keeren Shah
		Title:	Chief Financial Officer, (Principal Executive Officer and Principal Financial and Accounting Officer)

 

 

17

 

Exhibit 31.1

 

CERTIFICATION BY PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL AND ACCOUNTING OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Keeren Shah, certify that:

 

1.	I have reviewed this quarterly report on Form 10-Q of Actavia Life Sciences, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a.	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b.	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c.	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d.	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a.	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b.	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

Dated: May 20, 2024

 

/s/ Keeren Shah
Name:	Keeren Shah
Title:	Principal Executive Officer and Principal Financial and Accounting Officer

Exhibit 32.1

 

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Actavia Life Sciences, Inc. (the “Company”) on Form 10-Q for the quarter ended March 31, 2024 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Keeren Shah, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that: 

 

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

 

Dated: May 20, 2024

 

/s/ Keeren Shah
Name:	Keeren Shah
Title:	Principal Executive Officer and Principal Financial Officer

 

  

Document And Entity Information - shares	6 Months Ended
	Mar. 31, 2024	May 20, 2024
Document Information Line Items
Entity Registrant Name	ACTAVIA LIFE SCIENCES, INC.
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		771,811,360
Amendment Flag	false
Entity Central Index Key	0001582249
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-191083
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	39-2080103
Entity Address, Address Line One	5 Penn Plaza
Entity Address, Address Line Two	19th Floor, # 1954
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	(646)
Local Phone Number	396-4087
Entity Interactive Data Current	Yes

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Current assets:
Cash	$ 1,392	$ 74,986
Prepaid and other receivables	47,222	20,671
Total assets	48,614	95,657
Current liabilities:
Accounts payable and accrued expenses	1,503,658	1,458,216
Note payable	53,950	8,509
Convertible notes payable, net - related party	42,294	4,730
Derivative liabilities	1,862	2,036
Total Current Liabilities	2,230,363	2,051,566
Commitments and contingencies
Shareholders’ deficit
Preferred stock, $0.001 par value 20,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value; 1,500,000,000 shares authorized and 771,811,360 shares issued and outstanding at both March 31, 2024 and September 30, 2023	771,811	771,811
Additional paid-in capital	25,953,197	25,935,882
Accumulated deficit	(28,906,757)	(28,663,602)
Total shareholders’ deficit	(2,181,749)	(1,955,909)
Total liabilities and shareholders’ deficit	48,614	95,657
Related Party
Current liabilities:
Related party payables	420,881	380,339
Loan payable, related party	$ 207,718	$ 197,736

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, issued
Preferred stock, outstanding
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	771,811,360	771,811,360
Common stock, shares outstanding	771,811,360	771,811,360

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Operating expenses:
General and administrative	$ 60,161	$ 93,955	$ 166,374	$ 198,811
Research and development	11,226	13,704	29,743	31,660
Common stock issued for services (see Note 6)		3,858,793		3,858,793
Total operating expenses	71,387	3,966,452	196,117	4,089,264
Loss from operations	(71,387)	(3,966,452)	(196,117)	(4,089,264)
Other income/(expense):
Accretion of debt discount	(15,837)	(164,147)	(30,697)	(180,333)
Interest expense	(8,743)	(6,489)	(17,200)	(18,191)
Gain on derivative liability	449	7,888	859	8,744
Total other expenses	(24,131)	(162,748)	(47,038)	(189,780)
Income tax provision
Net loss	$ (95,518)	$ (4,129,200)	$ (243,155)	$ (4,279,044)
Basic net loss per share attributable to common shareholders (in Dollars per share)	$ 0	$ 0	$ 0	$ 0
Basic weighted average common shares outstanding (in Shares)	771,811,360	588,518,916	771,811,360	384,249,138

Condensed Consolidated Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Diluted weighted average common shares outstanding	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Diluted weighted average common shares outstanding (in Shares)	771,811,360	588,518,916	771,811,360	384,249,138

Condensed Consolidated Statements of Changes in Shareholders’ Deficit (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance at Sep. 30, 2022	$ 179,979	$ 22,352,491	$ (24,221,067)	$ (1,688,597)
Balance (in Shares) at Sep. 30, 2022	179,979,361
Beneficial conversion feature related to convertible notes		28,800		28,800
Issuance of stock for the conversion of promissory notes	$ 209,773			209,773
Issuance of stock for the conversion of promissory notes (in Shares)	209,773,333
Common stock issued for services	$ 382,059	3,476,734		3,858,793
Common stock issued for services (in Shares)	382,058,666
Net loss			(4,279,044)	(4,279,044)
Balance at Mar. 31, 2023	$ 771,811	25,858,025	(28,500,111)	(1,870,275)
Balance (in Shares) at Mar. 31, 2023	771,811,360
Balance at Sep. 30, 2022	$ 179,979	22,352,491	(24,221,067)	(1,688,597)
Balance (in Shares) at Sep. 30, 2022	179,979,361
Balance at Sep. 30, 2023	$ 771,811	25,935,882	(28,663,602)	(1,955,909)
Balance (in Shares) at Sep. 30, 2023	771,811,360
Balance at Dec. 31, 2022	$ 179,979	22,381,291	(24,370,911)	(1,809,641)
Balance (in Shares) at Dec. 31, 2022	179,979,361
Issuance of stock for the conversion of promissory notes	$ 209,773			209,773
Issuance of stock for the conversion of promissory notes (in Shares)	209,773,333
Common stock issued for services	$ 382,059	3,476,734		3,858,793
Common stock issued for services (in Shares)	382,058,666
Net loss			(4,129,200)	(4,129,200)
Balance at Mar. 31, 2023	$ 771,811	25,858,025	(28,500,111)	(1,870,275)
Balance (in Shares) at Mar. 31, 2023	771,811,360
Balance at Sep. 30, 2023	$ 771,811	25,935,882	(28,663,602)	(1,955,909)
Balance (in Shares) at Sep. 30, 2023	771,811,360
Beneficial conversion feature related to convertible notes		17,315		17,315
Net loss			(243,155)	(243,155)
Balance at Mar. 31, 2024	$ 771,811	25,953,197	(28,906,757)	(2,181,749)
Balance (in Shares) at Mar. 31, 2024	771,811,360
Balance at Dec. 31, 2023	$ 771,811	25,935,882	(28,811,239)	(2,103,546)
Balance (in Shares) at Dec. 31, 2023	771,811,360
Beneficial conversion feature related to convertible notes		17,315		17,315
Net loss			(95,518)	(95,518)
Balance at Mar. 31, 2024	$ 771,811	$ 25,953,197	$ (28,906,757)	$ (2,181,749)
Balance (in Shares) at Mar. 31, 2024	771,811,360

Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (243,155)	$ (4,279,044)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash interest expense	16,849	18,191
Accretion of debt discount	30,697	180,333
Derivative liability	(859)	(8,744)
Common stock issued for services		3,858,793
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	45,442	113,932
Related party payable	40,542	41,596
Prepayments and other receivables	27,399	49,786
Net cash used in operating activities	(83,085)	(25,157)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of convertible notes payable	18,000	30,000
Payments on note payable	(8,509)	(41,985)
Net cash provided by (used in) financing activities	9,491	(11,985)
Net change in cash	(73,594)	(37,142)
Cash, beginning of period	74,986	39,363
Cash, end of period	1,392	2,221
SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Derivative liabilities in connection with issuance of convertible notes.	685	1,200
Beneficial conversion feature related to issuance a of convertible notes	17,315	28,800
Issuance of common stock for conversions of promissory notes		209,773
Issuance of note payable relating to renewal of insurance policy	$ 53,950	$ 53,950

General Information	6 Months Ended
	Mar. 31, 2024
General Information [Abstract]
GENERAL INFORMATION	1. GENERAL INFORMATION   Actavia Life Sciences, Inc. (f/k/a Rasna Therapeutics, Inc. the “Company”) is a biotechnology company incorporated in the State of Delaware on March 28, 2016. The Company is engaged in modulating the molecular target LSD1, which is implicated in the disease progression of leukemia and lymphoma.    These unaudited condensed consolidated financial statements are presented in United States dollars (“USD”) which is also the functional currency of the primary economic environment in which the Company operates.   Risks and Uncertainties   Management continues to evaluate the impact of inflation and the economic environment on the Company, and has concluded that while it is reasonably possible that inflation could have a negative effect on the Company’s financial position, results of its operations and/or ability to secure additional cash resources, there is no current impact as cash resources are currently secured by existing shareholders. The financial statements do not include any adjustments that might result from this uncertainty.

Accounting Policies	6 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
ACCOUNTING POLICIES	2. ACCOUNTING POLICIES   The principal accounting policies applied in the preparation of these unaudited condensed consolidated financial statements are set out below. These policies have been applied consistently to all the periods presented unless otherwise stated. There have been no material changes in the Company’s significant accounting policies as compared to the significant accounting policies described in the Company’s annual report on Form 10-K for the Fiscal year ended September 30, 2023.   Basis of preparation    These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission (the “SEC”) and United States generally accepted accounting principles (“US GAAP”) for interim reporting. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended September 30, 2023 and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on January 5, 2024. The accompanying unaudited condensed consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, such financial statements include all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s interim financial information.   The results of the operations for the three and six months ended March 31, 2024 may not be indicative of the results that may be expected for the year ending September 30, 2024.    Principles of Consolidation   The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiary, Rasna Research Inc, and Rasna Research Inc’s subsidiary, Arna Therapeutics Limited. All significant intercompany accounts and transactions have been eliminated in the preparation of the accompanying consolidated financial statements.    Use of Estimates   The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company evaluates its estimates on an ongoing basis, including those related to the fair values of share based awards, income taxes and contingent liabilities, among others. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates and such differences could be material to the Company’s consolidated financial position and results of operations.   Net loss per Share   Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted income per share includes potentially dilutive securities such as outstanding options, warrants and convertible loan notes, using various methods such as the treasury stock, modified treasury stock, and if converted methods in the determination of dilutive shares outstanding during each reporting period.   The shares issuable on the exercise of options and warrants have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive.         March 31, 2024     March 31, 2023   Stock options     452,500       938,675   Warrants     1,926,501       1,926,501   Convertible notes and associated fees     105,720,000       -   Total shares issuable upon exercise or conversion     108,099,001       2,865,176     Recent Accounting Pronouncements   The Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial position, results of operations and cash flows, or do not apply to its operations.

Liquidity and Going Concern	6 Months Ended
	Mar. 31, 2024
Liquidity and Going Concern [Abstract]
LIQUIDITY AND GOING CONCERN	3. LIQUIDITY AND GOING CONCERN   The Company has no present revenue and has experienced net losses and significant cash outflows from cash used in operating activities since inception.    The Company is subject to a number of risks similar to those of other pre-commercial stage companies, including its dependence on key individuals, uncertainty of product development and generation of revenues, dependence on outside sources of capital, risks associated with research, development, testing, and obtaining related regulatory approvals of its pipeline products, suppliers and collaborators, successful protection of intellectual property, competition with larger, better-capitalized companies, successful completion of the Company’s development programs and, ultimately, the attainment of profitable operations are dependent on future events, including obtaining adequate financing to fulfill its development activities and generating a level of revenues adequate to support the Company’s cost structure.   The Company has experienced net losses and significant cash outflows from cash used in operating activities and as of March 31, 2024, had an accumulated deficit of $28,906,757, a net loss for the six months ended March 31, 2024 of $243,155 and net cash used in operating activities of $83,085.   The Company expects to continue to incur net losses and have significant cash outflows for at least the next 12 months and will require significant additional cash resources to launch new development phases of existing products in its pipeline.    In the event that the Company is unable to secure the additional cash resources needed, the Company may slow current development phases or halt new development phases in order to mitigate the effects of the costs of development. These conditions, among others, raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date of this filing. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern one year from the date of this filing. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of liabilities in the normal course of business. A successful transition to attaining profitable operations is dependent upon achieving a level of positive cash flows adequate to support the Company’s cost structure.

Convertible Notes	6 Months Ended
	Mar. 31, 2024
Convertible Notes [Abstract]
CONVERTIBLE NOTES	4. CONVERTIBLE NOTES   The table below summarizes outstanding convertible notes as of March 31, 2024 and March 31, 2023:    Balance of convertible notes payable- related party, net as of September 30, 2023   $ 4,730   Issuance of debt     18,000   Accrued Interest     6,867   Accretion of debt discount     30,697   Beneficial conversion feature related to issuance of convertible notes     (17,315 ) Derivative liabilities in connection with issuance of convertible notes     (685 ) Balance of related party notes payable, net as of March 31, 2024   $ 42,294             Balance of convertible notes payable- related party, net as of September 30, 2022   $ 20,900   Issuance of debt     30,000   Accrued Interest     8,540   Accretion of debt discount     180,333   Beneficial conversion feature related to issuance of convertible notes     (28,800 ) Derivative liabilities in connection with issuance of convertible notes     (1,200 ) Conversion of convertible notes     (209,773 ) Balance of related party notes payable, net as of March 31, 2023   $ -     On February 15, 2024, the Company entered into the seventeenth 16% Convertible Promissory Note again with Panetta Partners Ltd. (the “Holder”) pursuant to which the Company issued a Convertible Promissory Note to the Holder. The Holder provided the Company with $18,000 in cash. The Note provides the Holder with the right to convert, at any time, all or any part of the outstanding principal and accrued but unpaid interest into shares of the Company’s common stock at a conversion price equal to the lower of (i) $0.001 per share or (ii) the price of the next equity financing, which raises at least US $1,000,000, subject to adjustments noted within the Agreement. The number of shares issuable upon a conversion shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of the Note to be converted by (y) the Conversion Price. The Note requires the Company to reserve and keep available out of its authorized and unissued shares of common stock the amount of shares that would be issued upon conversion of the Note, which includes the outstanding principal amount of the Note and interest accrued and to be accrued through the date of maturity.   Embedded Derivative Liability   Under the promissory note agreement, the interest rate will reset upon the event of a default and an additional penalty of 2% will be accrued. The Company analyzed the conversion features of the note agreement for derivative accounting consideration under ASC 815, Derivatives and Hedging, and determined the interest rate resets met the definition of a derivative. It also noted that the Contingent Interest Rate feature required bifurcation from the host note contract and was to be accounted for at fair value. In accordance with ASC 815-15, the Company bifurcated the Contingent Interest Rate feature of the note and recorded a derivative liability.   The embedded derivatives for the notes are carried on the Company’s balance sheet at fair value. During the three and six months ended March 31, 2024, the Company recognized an additional $685 due to the issuance of the convertible notes. During the three and six months ended March 31, 2023, the Company recognized an additional derivative liability of $1,200 due to the issuance of the convertible notes. During the three and six months ended March 31, 2023, the Company recognized a gain on derivative liability of $7,888 and $8,744 due to the conversion of outstanding notes.   Beneficial Conversion Feature   The conversion features for all notes issued are in the money as of the issuance date and accordingly a beneficial conversion feature was recorded upon issuance. As the intrinsic value of the beneficial conversion feature exceeds the face value, the recorded beneficial conversion feature was limited to the gross proceeds less any debt discounts. As at March 31, 2024 this amounted to $17,315 for the new notes issued. As at March 31, 2023 this amounted to $28,800 for the new notes issued, which was fully amortized upon conversion of the notes.

Note Payable	6 Months Ended
	Mar. 31, 2024
Note Payable [Abstract]
NOTE PAYABLE	5. NOTE PAYABLE   On March 31, 2024, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company was required to make a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 7.99%, resulting in a finance charge of $1,359. Beginning in March 2024, the Company is making 9 monthly payments of $4,645, with the last payment made in November 2024. The interest expense for this note payable for the three months ended March 31, 2024 was $270. The company made the down payment and first instalment in April 2024.   On March 31, 2023, the Company entered into a one-year Directors and Officers Liability Insurance agreement for $53,950. Under the terms of the agreement, the Company made a down payment of $13,500, with the remaining balance financed over the remaining term at an annual percentage rate of 6.99%, resulting in a finance charge of $1,187. Beginning in March 2023, the Company made 9 monthly payments of $4,626, with the last payment made in November 2023. The interest expense for this note payable for the three ended March 31, 2023 was $236.

Related Party Transactions	6 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	6. RELATED PARTY TRANSACTIONS   The following is a summary of the related party transactions for the periods presented.   During the normal course of its business, the Company enters into various transactions with entities that are both businesses and individuals. The following is a summary of the related party transactions for the periods presented.   Gabriele Cerrone/Panetta Partners   Panetta Partners Limited, a shareholder of Actavia, is a company in which Gabriele Cerrone is a major shareholder and also serves as a director. As of March 31, 2024, and September 30, 2023, the balance due to Gabriele Cerrone was $175,000 for past consultancy services, which is presented as a component of related party payables.   In September 2023, the Company entered into an additional promissory note with Panetta Partners Ltd for $80,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2024. As of March 31, 2024, $87,360 was due with respect to this note issued.   In February 2024, the Company entered into an additional promissory note with Panetta Partners Ltd for $18,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2024. As of March 31, 2024, $18,360 was due with respect to this note issued.   Apart from the Convertible Promissory Notes, there is no interest charged on the balances with related parties. There are no defined repayment terms, and such amounts can be called for payment at any time.    Tiziana Life Sciences (“Tiziana”)   The Company is party to a Shared Services Agreement with Tiziana, whereby the Company is charged for shared services and rent. Keeren Shah, the Company’s Chief Financial Officer, is also Chief Financial Officer of Tiziana, and the Company’s directors, Willy Simon and John Brancaccio are also non-executive directors of Tiziana.    As of March 31, 2024, and September 30, 2023, $245,881 and $205,340, respectively, was due to Tiziana under services charged under the shared services agreement and other expenses paid by Tiziana on behalf of the Company. This is recorded as a related party payable in the accompanying condensed consolidated balance sheets.    In March 2020, Tiziana extended a loan facility to Rasna of $65,000. The loan is repayable within 18 months and is incurring an interest charge of 8% per annum. In April 2020, the loan facility was extended by a further $7,000, so the loan facility totals $72,000. As of March 31, 2024, the amount due to Tiziana under this loan facility was $95,040. The amount due to Tiziana under this agreement as of September 30, 2023 was $93,600.   In July 2022, Tiziana extended another loan facility to Rasna of $85,000. The loan is repayable within 18 months and is incurring an interest charge of 16% per annum. As of March 31, 2024, the amount due to Tiziana under this loan facility was $112,678. As of September 30, 2023, the amount due to Tiziana under this loan facility was $105,576.   Apart from the Convertible Promissory Notes, there is no interest charged on the balances with related parties. There are no defined repayment terms, and such amounts can be called for payment at any time.

Subsequent Events	6 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	7. SUBSEQUENT EVENT   In May 2024, the Company entered into a promissory note with Panetta Partners Ltd for $60,000. The note carries an interest rate of 16% with a conversion price of $0.001 and is due for repayment by December 31, 2025.

Accounting Policies, by Policy (Policies)	6 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of preparation	Basis of preparation  These unaudited condensed consolidated financial statements have been prepared following the requirements of the Securities and Exchange Commission (the “SEC”) and United States generally accepted accounting principles (“US GAAP”) for interim reporting. The principles for condensed interim financial information do not require the inclusion of all the information and footnotes required by generally accepted accounting principles for complete financial statements. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended September 30, 2023 and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on January 5, 2024. The accompanying unaudited condensed consolidated financial statements have not been audited by an independent registered public accounting firm in accordance with the standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management, such financial statements include all adjustments, which include only normal recurring adjustments, necessary to present fairly the Company’s interim financial information. The results of the operations for the three and six months ended March 31, 2024 may not be indicative of the results that may be expected for the year ending September 30, 2024.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the financial statements of the Company and its wholly owned subsidiary, Rasna Research Inc, and Rasna Research Inc’s subsidiary, Arna Therapeutics Limited. All significant intercompany accounts and transactions have been eliminated in the preparation of the accompanying consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. The Company evaluates its estimates on an ongoing basis, including those related to the fair values of share based awards, income taxes and contingent liabilities, among others. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results could differ from those estimates and such differences could be material to the Company’s consolidated financial position and results of operations.
Net loss per Share	Net loss per Share Basic net loss per share is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted income per share includes potentially dilutive securities such as outstanding options, warrants and convertible loan notes, using various methods such as the treasury stock, modified treasury stock, and if converted methods in the determination of dilutive shares outstanding during each reporting period. The shares issuable on the exercise of options and warrants have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive.       March 31, 2024     March 31, 2023   Stock options     452,500       938,675   Warrants     1,926,501       1,926,501   Convertible notes and associated fees     105,720,000       -   Total shares issuable upon exercise or conversion     108,099,001       2,865,176
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company has determined that all other recently issued accounting pronouncements will not have a material impact on its consolidated financial position, results of operations and cash flows, or do not apply to its operations.

Accounting Policies (Tables)	6 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Diluted Weighted Average Shares Outstanding	The shares issuable on the exercise of options and warrants have been excluded from the computation of diluted weighted average shares outstanding as they would be anti-dilutive.     March 31, 2024     March 31, 2023   Stock options     452,500       938,675   Warrants     1,926,501       1,926,501   Convertible notes and associated fees     105,720,000       -   Total shares issuable upon exercise or conversion     108,099,001       2,865,176

Convertible Notes (Tables)	6 Months Ended
	Mar. 31, 2024
Convertible Notes [Abstract]
Schedule of Outstanding Convertible Notes	The table below summarizes outstanding convertible notes as of March 31, 2024 and March 31, 2023: Balance of convertible notes payable- related party, net as of September 30, 2023   $ 4,730   Issuance of debt     18,000   Accrued Interest     6,867   Accretion of debt discount     30,697   Beneficial conversion feature related to issuance of convertible notes     (17,315 ) Derivative liabilities in connection with issuance of convertible notes     (685 ) Balance of related party notes payable, net as of March 31, 2024   $ 42,294             Balance of convertible notes payable- related party, net as of September 30, 2022   $ 20,900   Issuance of debt     30,000   Accrued Interest     8,540   Accretion of debt discount     180,333   Beneficial conversion feature related to issuance of convertible notes     (28,800 ) Derivative liabilities in connection with issuance of convertible notes     (1,200 ) Conversion of convertible notes     (209,773 ) Balance of related party notes payable, net as of March 31, 2023   $ -

Accounting Policies (Details) - Schedule of Diluted Weighted Average Shares Outstanding - shares	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Diluted Weighted Average Shares Outstanding [Line Items]
Total shares issuable upon exercise or conversion	108,099,001	2,865,176
Stock Options [Member]
Schedule of Diluted Weighted Average Shares Outstanding [Line Items]
Total shares issuable upon exercise or conversion	452,500	938,675
Warrants [Member]
Schedule of Diluted Weighted Average Shares Outstanding [Line Items]
Total shares issuable upon exercise or conversion	1,926,501	1,926,501
Convertible notes & associated fees [Member]
Schedule of Diluted Weighted Average Shares Outstanding [Line Items]
Total shares issuable upon exercise or conversion	105,720,000

Liquidity and Going Concern (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Liquidity and Going Concern [Line Items]
Accumulated deficit	$ (28,906,757)		$ (28,906,757)		$ (28,663,602)
Net loss	$ (95,518)	$ (4,129,200)	(243,155)	$ (4,279,044)
Net cash used in operating activities			$ (83,085)	$ (25,157)

Convertible Notes (Details) - USD ($)			3 Months Ended			6 Months Ended
	Feb. 15, 2024	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Convertible Notes [Line Items]
Cash	$ 18,000
Conversion price per share (in Dollars per share)	$ 0.001
Equity financing cost	$ 1,000,000
Interest rate			2.00%			2.00%
Recognized issuance cost			$ 685			$ 685
Gain on derivative liability			$ 449		$ 7,888	859	$ 8,744
Beneficial conversion feature		$ 28,800		$ 17,315		$ 17,315	28,800
Convertible Promissory Note [Member]
Convertible Notes [Line Items]
Debt instrument percentage	16.00%
Embedded Derivative Liability [Member]
Convertible Notes [Line Items]
Additional derivative liability					$ 1,200		$ 1,200

Convertible Notes (Details) - Schedule of Outstanding Convertible Notes - Related Party Notes Payable [Member] - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Summarizes Outstanding Convertible Notes [Line Items]
Beginning balance	$ 4,730	$ 20,900
Issuance of debt	18,000	30,000
Accrued Interest	6,867	8,540
Accretion of debt discount	30,697	180,333
Beneficial conversion feature related to issuance of convertible notes	(17,315)	(28,800)
Derivative liabilities in connection with issuance of convertible notes	(685)	(1,200)
Conversion of convertible notes		(209,773)
Ending balance	$ 42,294

Note Payable (Details) - USD ($)			3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Note Payable [Abstract]
Insurance agreement	$ 53,950	$ 53,950	$ 53,950	$ 53,950
Down payment	$ 13,500	$ 13,500	13,500	13,500
Annual percentage	7.99%	6.99%
Finance charge	$ 1,359	$ 1,187	1,359	1,187
Monthly payments	$ 4,645	$ 4,626
Interest expense			$ 270	$ 236

Related Party Transactions (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Feb. 29, 2024	Jul. 31, 2022	Apr. 30, 2020	Mar. 31, 2020
Related Party Transactions [Line Items]
Balance due		$ 175,000		$ 175,000
Due on issued notes		87,360
Service charges	$ 3,858,793		$ 3,858,793
Loan facility amount		95,040						$ 85,000	$ 7,000	$ 65,000
Loan facility totals									$ 72,000
Due amount				93,600
Tiziana Life Sciences Plc [Member]
Related Party Transactions [Line Items]
Interest rate, percentage								16.00%		8.00%
Service charges		245,881		205,340
Maximum [Member] | Tiziana Life Sciences Plc [Member]
Related Party Transactions [Line Items]
Loan facility amount				105,576
Roberto Pellicciari and TES Pharma [Member] | Minimum [Member]
Related Party Transactions [Line Items]
Due amount		112,678
Panetta Partners Ltd [Member]
Related Party Transactions [Line Items]
Promissory note				$ 80,000			$ 18,000
Due on issued notes		$ 18,360
Forecast [Member]
Related Party Transactions [Line Items]
Conversion price (in Dollars per share)						$ 0.001
Forecast [Member] | Gabriele Cerrone/Panetta Partners [Member]
Related Party Transactions [Line Items]
Interest rate, percentage						16.00%
Conversion price (in Dollars per share)						$ 0.001
Forecast [Member] | Panetta Partners Ltd [Member]
Related Party Transactions [Line Items]
Interest rate, percentage					16.00%	16.00%

Subsequent Events (Details) - USD ($)	Dec. 31, 2025	Dec. 31, 2024	May 31, 2024
Subsequent Event [Member]
Subsequent Event [Line Items]
Promissory note			$ 60,000
Forecast [Member] | Panetta Partners Ltd [Member]
Subsequent Event [Line Items]
Interest rate	16.00%	16.00%
Conversion price	$ 0.001

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