Graphjet Technology Sdn. Bhd. (GTI) S-13 Oct 24IPO registrationFinancial data

Company Profile

Document And Entity Information

Document And Entity Information	9 Months Ended
Document And Entity Information	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	Graphjet Technology
Document Type	S-1
Amendment Flag	false
Entity Central Index Key	0001879373
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	E9

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Current assets:
Cash and cash equivalents	$ 88	$ 1,146	$ 1
Prepaid expenses	60	102	155
Deposits	171	153	128
Other current assets	104	145	54
Total current assets	423	1,638	435
Non-current assets:
Property and equipment, net	1,270	1,264	2
Intangible assets, net	5,503	5,611	5,827
Total non-current assets	6,773	6,875	5,829
TOTAL ASSETS	7,196	8,513	6,264
Current Liabilities:
Debt	528	522	510
Accrued expenses	711	256	349
Working Capital Loan	96	96
Extension Loan	1,142	1,142
Total current liabilities	2,477	2,016	859
Non-current liabilities:
Accrued bonus	10,155	10,153
Payable to a shareholder for intellectual property	656	656	5,756
Total non-current liabilities	12,406	12,027	7,988
Total liabilities	14,883	14,043	8,847
COMMITMENTS AND CONTINGENCIES (Note 10)
SHAREHOLDERS’ DEFICIT
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital	9,670	9,670
Accumulated deficit	(17,413)	(15,274)	(3,256)
Accumulated other comprehensive income	42	60	72
Total shareholders’ deficit	(7,687)	(5,530)	(2,583)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	7,196	8,513	6,264
Related Party
Current assets:
Advances to a related company		92	97
Directors
Non-current liabilities:
Payable to directors	1,595	1,218	2,232
Class A Ordinary Shares
SHAREHOLDERS’ DEFICIT
Ordinary shares, value	14	$ 14	601
Class B Ordinary Shares
SHAREHOLDERS’ DEFICIT
Ordinary shares, value

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Preferred shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	1,000,000	1,000,000	1,000,000
Preferred shares, shares issued
Preferred shares, shares outstanding
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.2405
Ordinary shares, shares authorized	479,000,000	479,000,000	479,000,000
Ordinary shares, shares issued	146,741,306	146,741,306	2,500,100
Ordinary shares, shares outstanding	146,741,306	146,741,306	2,500,100
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	20,000,000	20,000,000	20,000,000
Ordinary shares, shares issued
Ordinary shares, shares outstanding

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		9 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating costs and expenses:
General and administrative expenses	$ 2,133	$ 11,588	$ 427	$ 660	$ 12,006	$ 984	$ 14,139	$ 1,411
Total operating costs and expenses	2,133	11,588	427	660	12,006	984	14,139	1,411
Loss from operations	(2,133)	(11,588)	(427)	(660)	(12,006)	(984)	(14,139)	(1,411)
Interest expense	(6)	(6)	(6)	(6)	(12)	(12)	(18)	(18)
Total interest expense	(6)	(6)	(6)	(6)	(12)	(12)	(18)	(18)
Net loss before income tax provision	(2,139)	(11,594)	(433)	(666)	(12,018)	(996)	(14,157)	(1,429)
Income tax provision
Net loss	$ (2,139)	$ (11,594)	$ (433)	$ (666)	$ (12,018)	$ (996)	$ (14,157)	$ (1,429)
Weighted-average common shares outstanding:
Basic (in Shares)	146,741,306	28,979,208	2,500,100	2,500,100	15,667,307	2,500,100	58,368,857	2,500,100
Diluted (in Shares)	146,741,306	28,979,208	2,500,100	2,500,100	15,667,307	2,500,100	58,368,857	2,500,100
Earnings per share:
Basic (in Dollars per share)	$ (0.01)	$ (0.4)	$ (0.17)	$ (0.27)	$ (0.77)	$ (0.4)	$ (0.24)	$ (0.57)
Diluted (in Dollars per share)	$ (0.01)	$ (0.4)	$ (0.17)	$ (0.27)	$ (0.77)	$ (0.4)	$ (0.24)	$ (0.57)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		9 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (2,139)	$ (11,594)	$ (433)	$ (666)	$ (12,018)	$ (996)	$ (14,157)	$ (1,429)
Foreign currency translation adjustment	(18)	43	69	(1)	(12)	(28)	(30)	42
Comprehensive loss attributable to common shareholders	$ (2,157)	$ (11,551)	$ (364)	$ (667)	$ (12,030)	$ (1,024)	$ (14,187)	$ (1,387)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders’ Deficit (Unaudited) - USD ($) $ in Thousands	Common Stock Previously Reported	Common Stock	Accumulated Deficit Previously Reported	Accumulated Deficit	Accumulated other comprehensive gain/(loss) Previously Reported	Accumulated other comprehensive gain/(loss)	Additional Paid-in Capital Previously Reported	Additional Paid-in Capital	Previously Reported	Total
Balance Beginning at Sep. 30, 2022		$ 601		$ (915)		$ 3				$ (311)
Balance Beginning (in Shares) at Sep. 30, 2022		2,500,100
Net loss				(330)						(330)
Other comprehensive income						(27)				(27)
Balance Ending at Dec. 31, 2022		$ 601		(1,245)		(24)				(668)
Balance Ending (in Shares) at Dec. 31, 2022		2,500,100
Balance Beginning at Sep. 30, 2022		$ 601		(915)		3				(311)
Balance Beginning (in Shares) at Sep. 30, 2022		2,500,100
Net loss										(996)
Balance Ending at Mar. 31, 2023		$ 601		(1,911)		(24)				(1,334)
Balance Ending (in Shares) at Mar. 31, 2023		2,500,100
Balance Beginning at Sep. 30, 2022		$ 601		(915)		3				(311)
Balance Beginning (in Shares) at Sep. 30, 2022		2,500,100
Net loss										(1,429)
Balance Ending at Jun. 30, 2023		$ 601		(2,344)		45				(1,698)
Balance Ending (in Shares) at Jun. 30, 2023		2,500,100
Balance Beginning at Dec. 31, 2022		$ 601		(1,245)		(24)				(668)
Balance Beginning (in Shares) at Dec. 31, 2022		2,500,100
Net loss				(666)						(666)
Other comprehensive income						0				0
Balance Ending at Mar. 31, 2023		$ 601		(1,911)		(24)				(1,334)
Balance Ending (in Shares) at Mar. 31, 2023		2,500,100
Net loss				(433)						(433)
Other comprehensive income						69				69
Balance Ending at Jun. 30, 2023		$ 601		$ (2,344)		$ 45				(1,698)
Balance Ending (in Shares) at Jun. 30, 2023		2,500,100
Share revaluation	$ (601)						$ 601
Balance Beginning at Sep. 30, 2023	$ 601		$ (3,256)		$ 72		601		(2,583)	(2,583)
Balance Beginning (in Shares) at Sep. 30, 2023	2,500,100
Net loss			(424)						(424)
Other comprehensive income					(55)				(55)
Balance Ending at Dec. 31, 2023			(3,680)		17		601		(3,062)
Balance Ending (in Shares) at Dec. 31, 2023	2,500,100
Balance Beginning at Sep. 30, 2023	$ 601		(3,256)		72		601		(2,583)	(2,583)
Balance Beginning (in Shares) at Sep. 30, 2023	2,500,100
Net loss										(12,018)
Balance Ending at Mar. 31, 2024	$ 14		(15,274)		60		9,670		(5,530)	(5,530)
Balance Ending (in Shares) at Mar. 31, 2024	146,741,306
Balance Beginning at Sep. 30, 2023	$ 601		(3,256)		72		601		(2,583)	(2,583)
Balance Beginning (in Shares) at Sep. 30, 2023	2,500,100
Net loss										(14,157)
Balance Ending at Jun. 30, 2024	$ 14		(17,413)		42		9,670		(7,687)	(7,687)
Balance Ending (in Shares) at Jun. 30, 2024	146,741,306
Balance Beginning at Dec. 31, 2023			(3,680)		17		601		(3,062)
Balance Beginning (in Shares) at Dec. 31, 2023	2,500,100
Business Combination with Energem	$ 14						9,069		9,083
Business Combination with Energem (in Shares)	144,241,206
Net loss			(11,594)						(11,594)	(11,594)
Other comprehensive income					43				43
Balance Ending at Mar. 31, 2024	$ 14		(15,274)		60		9,670		(5,530)	(5,530)
Balance Ending (in Shares) at Mar. 31, 2024	146,741,306
Net loss			(2,139)						(2,139)	(2,139)
Other comprehensive income					(18)				(18)
Balance Ending at Jun. 30, 2024	$ 14		$ (17,413)		$ 42		$ 9,670		$ (7,687)	$ (7,687)
Balance Ending (in Shares) at Jun. 30, 2024	146,741,306

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net Loss	$ (12,018)	$ (996)	$ (14,157)	$ (1,429)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	216	216	324	324
Depreciation	2	0	4	0
Foreign currency translation adjustment	(12)	(28)	(30)	42
Changes in operating assets and liabilities:
Prepaid expenses	84	(174)	126	(131)
Advances to a related company	5	19	98	27
Deposits	(25)		(43)
Other current assets	(87)	(155)	(47)	(147)
Interest payable as part of debt payable	12	12	18	18
Accrued expenses	(1,333)	(213)	(878)	(214)
Other payables	(290)		(290)
Related party payable	(89)		(89)
Deferred underwriting fee	(2,000)		(2,000)
Payable to directors	2,086	1,097	2,463	1,293
Accrued bonus	10,153		10,155
Net cash used in operating activities	(3,296)	(222)	(4,346)	(217)
Cash flows from investing activities:
Additions to property and equipment	(1,264)		(1,272)
Net cash used in investing activities	(1,264)		(1,272)
Cash flows from financing activities:
Proceeds from issuance of shares	6,260		6,260
Repayment of working capital loan	(555)		(555)
Net cash provided by financing activities	5,705		5,705
Net change in cash and cash equivalents	1,145	(222)	87	(217)
Cash and cash equivalents at the beginning of the period	1	225	1	225
Cash and cash equivalents at the end of the period	1,146	$ 3	88	8
Supplemental disclosure of non-cash financing activities:
Issuance of shares to Graphjet existing shareholders	1,380,000		1,380,000
Issuance of shares to Energem’s founders Shares	34,030		34,030
Issuance of shares to Financial Advisor	27,600		27,600
Issuance of shares to Underwriter	2,025		2,025
Issuance of shares to Senior Management Staff Shares	31		31
Issuance of shares for the settlement of amount due to a director	3,100		3,100
Issuance of shares for the settlement of amount due to a shareholder for intellectual property	$ 5,100		$ 5,100

Description of Organization and

Description of Organization and Business Operations	6 Months Ended	9 Months Ended
Description of Organization and Business Operations	Mar. 31, 2024	Jun. 30, 2024
Description of Organization and Business Operations [Abstract]
Description of Organization and Business Operations	Note 1 - Description of Organization and Business Operations 1.1 Organization and Nature of Business Graphjet Technology (the “Company”, “we,” “us” or “our”) is the owner of the state-of-the-art patented technology for the manufacture of graphene and graphite. The Company is a former blank check company incorporated in the Cayman Islands on August 6, 2021 under the name Energem Corp. (“Energem”) and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses. The Company acquired Graphjet Technology Sdn. Bhd. (“Graphjet”), a Malaysian based company that produces graphite, graphene and graphene-based anode battery material with at least 98% similarity and are much more consistent compared to other synthetic graphite and graphene which are produced from petroleum coke and coal. The breakthrough technology transforms a sustainable, abundant and renewable agricultural waste product, palm kernel shells into highly valued artificial graphene and graphite at significantly lower carbon emissions. For research and development in graphite and graphene applications, Graphjet collaborates with National University of Malaysia (UKM) and Universiti Teknikal Malaysia Melaka (UTEM) as Technology Advisor Panel to provide technology advisory for the applications. The Company is a member of Industrial Liaison Program (ILP) of Massachusetts Institute of Technology (MIT). The Company intends to be a low-cost producer of the highest quality artificial graphite and graphene. Graphjet has a patent on its bio-mass process and production method for graphite and a patent pending for graphene, and it believes it is the only producer currently capable of using biomass to produce graphite and graphene in mass production scale. Since Graphjet Technology uses a widely available waste product as their source, they are able to produce a higher quality product at a significantly lower cost than other graphite and graphene production methods currently in use worldwide. To date, Graphjet Technology has not had any sales of its products, but plans to sample its products to multinational companies within the industry for market acceptance and procurement purposes, intending to replace current high cost suppliers. Until now, the Company has funded its operations primarily with proceeds through equity investments from its current shareholders. 1.2 Business Combination On March 14, 2024 (the “Closing date”), we consummated a merger (the “Merger”) with Energem and with Graphjet. Pursuant to the Business Combination Agreement, (i) Energem acquired all of the issued and outstanding Graphjet Pre-Transaction Shares from the Selling Shareholders and Graphjet became a wholly-owned subsidiary of Energem, (ii) Energem changed its name to Graphjet Technology and (iii) each Selling Shareholder received a number of Energem Class A Ordinary Shares subject to the Consideration Shares formula, which is the number of Energem Class A Ordinary Shares equal to the aggregate Consideration Shares divided by the number of Graphjet Pre-Transaction Shares outstanding immediately prior to the Closing, multiplied by the number of Graphjet Pre-Transaction Shares held by such Selling Shareholder. The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, Graphjet Technology was treated as the acquired company and Graphjet was treated as the acquirer for financial statement reporting purposes.	Note 1 - Description of Organization and Business Operations 1.1 Organization and Nature of Business Graphjet Technology (the “Company”, “we,” “us” or “our”) is the owner of the state-of-the-art patented technology for the manufacture of graphene and graphite. The Company is a former blank check company incorporated in the Cayman Islands on August 6, 2021 under the name Energem Corp. (“Energem”) and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses. The Company acquired Graphjet Technology Sdn. Bhd. (“Graphjet”), a Malaysian based company that produces graphite, graphene and graphene-based anode battery material with at least 98% similarity and are much more consistent compared to other synthetic graphite and graphene which are produced from petroleum coke and coal. The breakthrough technology transforms a sustainable, abundant and renewable agricultural waste product, palm kernel shells into highly valued artificial graphene and graphite at significantly lower carbon emissions. For research and development in graphite and graphene applications, Graphjet collaborates with National University of Malaysia (UKM) and Universiti Teknikal Malaysia Melaka (UTEM) as Technology Advisor Panel to provide technology advisory for the applications. The Company is a member of Industrial Liaison Program (ILP) of Massachusetts Institute of Technology (MIT). The Company intends to be a low-cost producer of the highest quality artificial graphite and graphene. Graphjet has a patent on its bio-mass process and production method for graphite and a patent pending for graphene, and it believes it is the only producer currently capable of using biomass to produce graphite and graphene in mass production scale. Since Graphjet Technology uses a widely available waste product as their source, they are able to produce a higher quality product at a significantly lower cost than other graphite and graphene production methods currently in use worldwide. To date, Graphjet Technology has not had any sales of its products, but plans to sample its products to multinational companies within the industry for market acceptance and procurement purposes, intending to replace current high cost suppliers. Until now, the Company has funded its operations primarily with proceeds through equity investments from its current shareholders. 1.2 Business Combination On March 14, 2024 (the “Closing date”), we consummated a merger (the “Merger”) with Energem and with Graphjet. Pursuant to the Business Combination Agreement, (i) Energem acquired all of the issued and outstanding Graphjet Pre-Transaction Shares from the Selling Shareholders and Graphjet became a wholly-owned subsidiary of Energem, (ii) Energem changed its name to Graphjet Technology and (iii) each Selling Shareholder received a number of Energem Class A Ordinary Shares subject to the Consideration Shares formula, which is the number of Energem Class A Ordinary Shares equal to the aggregate Consideration Shares divided by the number of Graphjet Pre-Transaction Shares outstanding immediately prior to the Closing, multiplied by the number of Graphjet Pre-Transaction Shares held by such Selling Shareholder. The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, Graphjet Technology was treated as the acquired company and Graphjet was treated as the acquirer for financial statement reporting purposes.

Going Concern and Liquidity

Going Concern and Liquidity	6 Months Ended	9 Months Ended
Going Concern and Liquidity	Mar. 31, 2024	Jun. 30, 2024
Going Concern and Liquidity [Abstract]
Going Concern and Liquidity	Note 2 - Going Concern and Liquidity The Company incurred a net loss of $11,594 during the period ended March 31, 2024 and, as of that date, the Company’s current asset exceeded its current liability by $378. The continuation of the Company as a going concern is dependent upon the Company’s ability to operate profitably in the foreseeable future and to continue to receive adequate financial support from its shareholders. These conditions indicate the existence of a material uncertainty which may cast substantial doubt on the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recovery of recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.	Note 2 - Going Concern and Liquidity The Company incurred a net loss of $14,157 during the period ended June 30, 2024 and, as of that date, the Company’s current liabilities exceeded its current assets by $2,054. The continuation of the Company as a going concern is dependent upon the Company’s ability to operate profitably in the foreseeable future and to continue to receive adequate financial support from its shareholders. These conditions indicate the existence of a material uncertainty which may cast substantial doubt on the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recovery of recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended	9 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024	Jun. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 - Summary of Significant Accounting Policies Principles of Consolidation and Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial statements and Article 8 of Regulation S-X. They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Certain information or footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair statement of the financial position, operating results and cash flows for the periods presented. The results of operations for the six months ended March 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2024 or any future interim period. All intercompany balances and transactions, and any unrealised income and expenses arising from intercompany transactions, are eliminated in preparing the unaudited condensed consolidated financial statements. The Company consolidates Graphjet, an entity that it controls through a majority voting interest and the accompanying financial statements include the accounts of the Company and its wholly owned subsidiary and those for which the Company has a controlling interest in. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934 (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Reverse Recapitalization Pursuant to ASC 805-40 Reverse Acquisitions, for financial accounting and reporting purposes, Graphjet was deemed the accounting acquirer with Graphjet Technology being treated as the accounting acquiree, and the Merger was accounted for as a reverse recapitalization (the “Reverse Recapitalization”). Accordingly, the unaudited condensed consolidated financial statements of the Company represent a continuation of the financial statements of Graphjet, with the Merger being treated as the equivalent of Graphjet issuing stock for the net assets of Graphjet Technology, accompanied by a recapitalization. The net assets of Graphjet Technology were stated at historical costs, with no goodwill or other intangible assets recorded, and were consolidated with Graphjet financial statements on the Closing Date. The number of Graphjet common shares for all periods prior to the Closing Date have been retrospectively increased using the exchange ratio that was established in accordance with the Merger Agreement (the “Exchange Ratio”). Use of Estimates The preparation of unaudited condensed consolidated 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 assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of expenses during the reporting period. 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. Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Foreign Currency For Graphjet, Malaysian Ringgit have been determined to be the functional currency. The functional currency assets and liabilities are translated to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in the Unaudited Condensed Consolidated Statements of Comprehensive Loss. Intangible Assets Intangible Assets held by Graphjet consist of Graphene and Graphite patents and are included in the non-current assets in the Unaudited Condensed Consolidated Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles- Goodwill and Other. Finite-lived intangible assets are subject to amortization over 15 years estimated useful life. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined Cayman Islands and Malaysia are the Company’s only major tax jurisdictions. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no The Company is an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. In Malaysia, current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years. As such, the Company’s tax provision was zero for the three months ended March 31, 2024 and for the year ended September 30, 2023. Net income (loss) per share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. As of March 31, 2024 and September 30, 2023, the calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted income (loss) per share is the same as basic loss per share for the periods presented. There are no potential dilutive securities outstanding for the six months period ended March 31, 2024 and March 31, 2023, as a result, diluted loss per share is the same as basic loss per share for the periods presented. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents that can subject the Company to concentrations of credit risk. Accounts at United States financial institutions are insured by the Federal Deposit Insurance Corporation(“FDIC”) up to $250,000. Accounts at Malaysian financial institutions are insured by the Perbadanan Insurans Deposit Malaysia (“PIDM”) up to RM250,000 155,493 $1,109,216 Property and Equipment, Net Property and equipment is stated at historical cost less accumulated depreciation. Expenditures for major renewals and betterments are capitalized, while minor replacements, maintenance, and repairs, which do not extend the asset lives, are charged to operations as incurred. Upon sale or disposition, the cost and related accumulated depreciation is removed from the accounts, and any difference between the selling price and net carrying amount is recorded as a gain or loss in the unaudited condensed consolidated statements of operations. Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Risks and Uncertainties We are subject to risks and sustained uncertainties about, or worsening of, geopolitical tensions, including further escalation of the war between Russia and Ukraine, further escalation of the conflict between the State of Israel and Hamas, as well as further escalation of tensions between the State of Israel and various countries in the Middle East and North Africa, could result in a global economic slow down and long-term changes to global trade. As a result, the Company’s ability to procure raw materials at the desired price may be affected. Furthermore, the Company’s ability to raise equity and debt financing may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of these events on the world economy and the specific impact on the Company’s financial position, results of operations and its cash flows are not yet determinable. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.	Note 3 - Summary of Significant Accounting Policies Principles of Consolidation and Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial statements and Article 8 of Regulation S-X. They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Certain information or footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair statement of the financial position, operating results and cash flows for the periods presented. The results of operations for the nine months ended June 30, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2024 or any future interim period. All intercompany balances and transactions, and any unrealised income and expenses arising from intercompany transactions, are eliminated in preparing the unaudited condensed consolidated financial statements. The Company consolidates Graphjet and GTI US Corp, the entities that it controls through a majority voting interest. The accompanying unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and those for which the Company has a controlling interest in. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934 (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Reverse Recapitalization Pursuant to ASC 805-40 Reverse Acquisitions, for financial accounting and reporting purposes, Graphjet was deemed the accounting acquirer with Graphjet Technology being treated as the accounting acquiree, and the Merger was accounted for as a reverse recapitalization (the “Reverse Recapitalization”). Accordingly, the unaudited condensed consolidated financial statements of the Company represent a continuation of the financial statements of Graphjet, with the Merger being treated as the equivalent of Graphjet issuing stock for the net assets of Graphjet Technology, accompanied by a recapitalization. The net assets of Graphjet Technology were stated at historical costs, with no goodwill or other intangible assets recorded, and were consolidated with Graphjet financial statements on the Closing Date. The number of Graphjet common shares for all periods prior to the Closing Date have been retrospectively increased using the exchange ratio that was established in accordance with the Merger Agreement (the “Exchange Ratio”). Use of Estimates The preparation of unaudited condensed consolidated 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 assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of expenses during the reporting period. 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. Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Foreign Currency For Graphjet, Malaysian Ringgit have been determined to be the functional currency. The functional currency assets and liabilities are translated to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in the Unaudited Condensed Consolidated Statements of Comprehensive Loss. Intangible Assets Intangible Assets held by Graphjet consist of Graphene and Graphite patents and are included in the non-current assets in the Unaudited Condensed Consolidated Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles- Goodwill and Other. Finite-lived intangible assets are subject to amortization over 15 years estimated useful life. Investment in Subsidiary In April 2024, the Company’s subsidiary, Graphjet acquired 10,000 common stock, representing 100% equity interest in GTI US Corp, incorporated in Nevada for a consideration of $10. As of June 30, 2024, $5 consideration was paid and the balance remains as payable. GTI US Corp is still dormant as of June 30, 2024. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined Cayman Islands, the United States and Malaysia are the Company’s only major tax jurisdictions. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no The Company is an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. In Malaysia, current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years. As such, the Company’s tax provision was zero for the nine months ended June 30, 2024 and for the year ended September 30, 2023. Net income (loss) per share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. As of June 30, 2024 and September 30, 2023, the calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted income (loss) per share is the same as basic loss per share for the periods presented. There are no potential dilutive securities outstanding for the nine months period ended June 30, 2024 and June 30, 2023, as a result, diluted loss per share is the same as basic loss per share for the periods presented. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents that can subject the Company to concentrations of credit risk. Accounts at United States financial institutions are insured by the Federal Deposit Insurance Corporation(“FDIC”) up to $250. Accounts at Malaysian financial institutions are insured by the Perbadanan Insurans Deposit Malaysia (“PIDM”) up to RM250 RM142 Property and Equipment, Net Property and equipment is stated at historical cost less accumulated depreciation. Expenditures for major renewals and betterments are capitalized, while minor replacements, maintenance, and repairs, which do not extend the asset lives, are charged to operations as incurred. Upon sale or disposition, the cost and related accumulated depreciation is removed from the accounts, and any difference between the selling price and net carrying amount is recorded as a gain or loss in the unaudited condensed consolidated statements of operations. Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Recent Issued Accounting Standards No recently issued accounting pronouncements had or are expected to have a material impact on the Company’s unaudited condensed consolidated financial statements. Risks and Uncertainties We are subject to risks and sustained uncertainties about, or worsening of, geopolitical tensions, including further escalation of the war between Russia and Ukraine, further escalation of the conflict between the State of Israel and Hamas, as well as further escalation of tensions between the State of Israel and various countries in the Middle East and North Africa, could result in a global economic slow down and long-term changes to global trade. As a result, the Company’s ability to procure raw materials at the desired price may be affected. Furthermore, the Company’s ability to raise equity and debt financing may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of these events on the world economy and the specific impact on the Company’s financial position, results of operations and its cash flows are not yet determinable. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Deposits

Deposits	6 Months Ended	9 Months Ended
Deposits	Mar. 31, 2024	Jun. 30, 2024
Deposits [Abstract]
Deposits	Note 4 - Deposits The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopiers. See Note 10 for further discussion. Deposit allocation Nature Terms March 31, September 30, Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - - Total $ 153 $ 128	Note 4 - Deposits The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, refundable deposit for the rent of photocopiers and installation cost for the factory equipment in Shah Alam factory. See Note 10 for further discussion. June 30, September 30, Deposit allocation Nature Terms 2024 2023 Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - Electrical installation for HL wire & cable in Kampung Baru Subang factory Non-refundable 40% upon order confirmation 8 - Installation of New Cooling Tower in Kampung Baru Subang factory Non-refundable 40% upon order confirmation 10 - Total $ 171 $ 128

Patent

Patent	6 Months Ended	9 Months Ended
Patent	Mar. 31, 2024	Jun. 30, 2024
Patent [Abstract]
Patent	Note 5 - Patent The Company owns two patents over the production of Graphite and Graphene from palm kernel shell. Artificial graphite can be used for including but not limited to electrical carbons, fuel cell bi-polar plates, coatings, electrolytic processes, corrosion products, conductive fillers, rubber and plastic compounds, and drilling applications. Graphene is a product that is further processed from Graphite. As per ASC 350-30 Intangible Assets, the patents are capitalized as non-current asset because they were not internally generated, have finite useful life of 15 years, and has been used in operational activities although no revenue has been generated. All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of March 31, 2024 As of September 30, 2023 Patent Acquisition Accumulated Net Accumulated Net Graphite production $ 216 $ (29 ) $ 187 $ (22 ) $ 194 Graphene production 6,258 (834 ) 5,424 (625 ) 5,633 $ 6,474 $ (863 ) $ 5,611 $ (647 ) $ 5,827 Estimated amortization expense: Amount For year ended September 30, 2024 324 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,559 Total $ 5,611	Note 5 - Patent The Company owns two patents over the production of Graphite and Graphene from palm kernel shell. Artificial graphite can be used for including but not limited to electrical carbons, fuel cell bi-polar plates, coatings, electrolytic processes, corrosion products, conductive fillers, rubber and plastic compounds, and drilling applications. Graphene is a product that is further processed from Graphite. As per ASC 350-30 Intangible Assets, the patents are capitalized as non-current asset because they were not internally generated, have finite useful life of 15 years, and has been used in operational activities although no revenue has been generated. All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of June 30, 2024 As of September 30, 2023 Net Net Acquisition Accumulated carrying Accumulated carrying Patent cost amortization amount amortization amount Graphite production $ 216 $ (32 ) $ 184 $ (22 ) $ 194 Graphene production 6,258 (939 ) 5,319 (625 ) 5,633 $ 6,474 $ (971 ) $ 5,503 $ (647 ) $ 5,827 Estimated amortization expense: Amount For year ended September 30, 2024 108 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,667 Total $ 5,503

Property and Equipment

Property and Equipment	6 Months Ended	9 Months Ended
Property and Equipment	Mar. 31, 2024	Jun. 30, 2024
Property and Equipment [Abstract]
Property and equipment	Note 6 - Property and equipment Property and equipment included in continuing operations consist of the following: March 31, September 30, Office equipment $ 9 $ 2 Renovation 34 - Construction in progress - Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,266 $ 2 Less: accumulated depreciation (2 ) - Property, and equipment, net $ 1,264 $ 2 Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates: Office equipment 20 % Renovation 20 % Depreciation expenses of $1 and $2 (March 31, 2023 - $0 & $0) for the three and six months ended March 31, 2024, respectively, has been recorded in General and Administrative expenses in the unaudited condensed consolidated statements of operations. The Company has entered into four contracts with Beijing Xi Yu International Trade Co. Ltd from China for the purchase of artificial graphite machineries for a total cost of $1,223. Full payments made upon order confirmation and shipment from main port in Tianjin to Port Klang in Malaysia. The guarantee period is within 15 months after arrival date and during this period the Seller shall be responsible for the damage due to the defects in designing and manufacturing of the machineries. The machineries have yet to be assembled and commissioned as of March 31, 2024.	Note 6 - Property and equipment Property and equipment included in continuing operations consist of the following: June 30, September 30, 2024 2023 Office equipment $ 13 $ 2 Renovation 38 - Construction in progress - Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,274 $ 2 Less: accumulated depreciation (4 ) - Property, and equipment, net $ 1,270 $ 2 Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates: Office equipment 20 % Renovation 20 % Depreciation expenses of $2 and $4 (June 30, 2023 - $0 & $0) for the three and nine months ended June 30, 2024, respectively, has been recorded in General and Administrative expenses in the unaudited condensed consolidated statements of operations. The Company has entered into four contracts with Beijing Xi Yu International Trade Co. Ltd from China for the purchase of artificial graphite machineries for a total cost of $1,223. Full payments made upon order confirmation and shipment from main port in Tianjin to Port Klang in Malaysia. The guarantee period is within 15 months after arrival date and during this period the Seller shall be responsible for the damage due to the defects in designing and manufacturing of the machineries. The machineries have yet to be assembled and commissioned as of June 30, 2024. In July 2023, the Company has rented a factory located at Kampung Baru Subang district of Selangor State in Central Malaysia and currently the machineries are under assemble and commissioning in this factory. Pursuant to the terms of the Tenancy Agreement, the monthly rental is $4 and the tenancy is subject to both initial and renewal terms of 1 year.

Debt

Debt	6 Months Ended	9 Months Ended
Debt	Mar. 31, 2024	Jun. 30, 2024
Debt [Abstract]
Debt	Note 7 - Debt The Company obtained loans of $475 from external parties Mr. Goh Meng Keong and Mr. Goh Seng Wei, to fund the acquisition of Graphene Patent, and in return they charged the Company with interest, in accordance to arm’s length transaction principle. For the three and six months period ended March 31, 2024, there were interest expense of $6 and $12 (March 31, 2023 - $6 and $12), respectively. The principal amount, maturity date and interest rate for the loans are shown below: March 31, September 30, Total interest payable $ 47 $ 35 Total debt and interest payable $ 522 $ 510 Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5 %p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5 %p.a May 26, 2022 November 25, 2024 Principal payments: Amount For year ended September 30, 2024 475 Total $ 475	Note 7 - Debt The Company obtained loans of $475 from external parties Mr. Goh Meng Keong and Mr. Goh Seng Wei, to fund the acquisition of Graphene Patent, and in return they charged the Company with interest, in accordance to arm’s length transaction principle. For the three and nine months period ended June 30, 2024, there were interest expense of $6 and $18 (June 30, 2023 - $6 and $18), respectively. The principal amount, maturity date and interest rate for the loans are shown below: June 30, September 30, 2024 2023 Total interest payable $ 53 $ 35 Total debt and interest payable $ 528 $ 510 Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5 % p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5 % p.a May 26, 2022 November 25, 2024 Principal payments: Amount For year ended September 30, 2024 475 Total $ 475

Accrued Bonus

Accrued Bonus	6 Months Ended	9 Months Ended
Accrued Bonus	Mar. 31, 2024	Jun. 30, 2024
Accrued Bonus [Abstract]
Accrued bonus	Note 8 - Accrued bonus On February 29, 2024, the Board of Directors of Graphjet has approved the proposed bonus amounting $13,800 to reward the senior management team of Graphjet for the successful business combination and corporate listing. The provision made is based on 1% on the issuance of Graphjet Technology shares to Graphjet existing shareholders total value $1,380,000. As of March 31, 2024, the provision made was $10,153 and the balance to be provided in February 2025.	Note 8 - Accrued bonus On February 29, 2024, the Board of Directors of Graphjet has approved the proposed bonus amounting $13,800 to reward the senior management team of Graphjet for the successful business combination and corporate listing. The provision made is based on 1% on the issuance of Graphjet Technology shares to Graphjet existing shareholders total value $1,380,000. As of June 30, 2024, the provision made was $10,155 and the balance to be provided in February 2025.

Related Party Transactions

Related Party Transactions	6 Months Ended	9 Months Ended
Related Party Transactions	Mar. 31, 2024	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 - Related Party Transactions 9.1 Related Party Contract ZhongHe Industries Sdn Bhd (ZHI) is an entity owned by Mr. Lim Hooi Beng, who owned 20% of its shares as of March 31, 2024 and September 30, 2023. Mr. Lim Hooi Beng also owns 13.8% of the ordinary shares of the Company as of March 31, 2024. Previously, Mr. Lim Hooi Beng owned 14.5% of the ordinary shares of Graphjet as of September 30, 2023. On September 20, 2021, the Company entered into a Contract of Commission Processing with ZHI, pursuant to which the Company appointed ZHI for the provision of services as stipulated in the Contract of Commission Processing. During the three-month period ended March 31, 2024 and the year ended September 30, 2023, the contract was still effective and the prepayment made to secure its production line was $ Nil Nil On July 1, 2022, the Company entered into a Tenancy Agreement with ZHI, with respect to the demised premises located at L4-E-8 Enterprise 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur. Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $0.8. The agreement will not be extended after ended and no transfer of premises ownership at the end of the agreement. March 31, September 30, 2024 2023 Advances to a related company $ 92 $ 97 The advance to ZHI represents the prepayment made to secure its production line after offsetting with the rental charged by ZHI for the office premises. 9.2 Related Party Loans Short Term Loan Working capital Loan To finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors could, but were not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion. As of March 31, 2024, there was $96 borrowed under Working Capital Loan. Extension Loan On November 1, 2022, the Sponsor and the Company entered into an Extension Agreement to fund the monthly extension payments (up to fifteen (15) one-month extensions) through February 18, 2024 pursuant to the “Second Extension Amendment Proposal”. The extension loan is interest free and to be repaid in September 2024. As of March 31, 2024 the outstanding balance under the Extension Agreement was $1,142. Long Term Loan Payable to Directors Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. March 31, September 30, 2024 2023 Lim Hooi Beng $ 1,212 $ 2,226 Aw Jeen Rong 6 6 Payables to directors $ 1,218 $ 2,232 Mr. Lim Hooi Beng and Mr. Aw Jeen Rong own 13.8% and 6.0% of the ordinary shares of the Company as of March 31, 2024. As of September 30, 2023, Mr. Lim Hooi Beng and Mr. Aw Jeen Rong owned 14.5% and 6.3% of the ordinary shares of Graphjet. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2 . The shareholders will continue to support the company, hence the payables are interest free and demands for repayment are not expected within the next 12 months. On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Lim Hooi Beng. The Company issued 775,000 ordinary shares at $4.00 per share amounting $3,100 to partially settle the outstanding balance. As of March 31, 2024 and September 30, 2023, the outstanding balance on the payable is $1,218 and $2,232, respectively. Payable to a Shareholder for Intellectual Property On March 10, 2022, Graphjet entered into Intellectual Property Sales Agreement with Mr. Liu Yu, as supplemented by the letter from Mr. Liu Yu to Graphjet dated July 29, 2022, pursuant to which Graphjet purchased the process for producing palm-based graphene, an intellectual property held by Mr. Liu Yu for $6,258 payable within the 19th to 36th month period from July 29, 2022. Liu Yu owned 24.3% the Company’s ordinary shares as of March 31, 2024 and 25.5% of the ordinary shares of Graphjet as of September 30, 2023. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2. This long-term payable is excluded from recognizing imputed interest in accordance with ASC 835-30 Interest On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Liu Yu. The Company issued 1,275,000 ordinary shares at $4.00 per share amounting $5,100 to partially settle the outstanding balance. As of March 31, 2024 and September 30, 2023, the outstanding balance on the payable is $656 and $5,756, respectively.	Note 9 - Related Party Transactions 9.1 Related Party Contract ZhongHe Industries Sdn Bhd (ZHI) is an entity owned by Mr. Lim Hooi Beng, who owned 20% of its shares as of June 30, 2024 and September 30, 2023. Mr. Lim Hooi Beng also owns 13.8% of the ordinary shares of the Company as of June 30, 2024. Previously, Mr. Lim Hooi Beng owned 14.5% of the ordinary shares of Graphjet as of September 30, 2023. On September 20, 2021, the Company entered into a Contract of Commission Processing with ZHI, pursuant to which the Company appointed ZHI for the provision of services as stipulated in the Contract of Commission Processing. The service charged is based on the material consumption and labor cost incurred. On June 30, 2024, the agreement was ended and will not be extended. The Company has expensed off in full for the advances paid. On July 1, 2022, the Company entered into a Tenancy Agreement with ZHI, with respect to the demised premises located at L4-E-8 Enterprise 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur. Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $0.8. The agreement will not be extended after ended and no transfer of premises ownership at the end of the agreement. June 30, September 30, 2024 2023 Advances to a related company $ - $ 97 The advance to ZHI represents the prepayment made to secure its production line after offsetting with the rental charged by ZHI for the office premises. 9.2 Related Party Loans Short Term Loan Working capital Loan To finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion. As of June 30, 2024, there was $96 borrowed under Working Capital Loan. Extension Loan On November 1, 2022, the Sponsor and the Company entered into an Extension Agreement to fund the monthly extension payments (up to fifteen (15) one-month extensions) through February 18, 2024 pursuant to the “Second Extension Amendment Proposal”. The extension loan is interest free and to be repaid in September 2024. As of June 30, 2024 the outstanding balance under the Extension Agreement was $1,142. Long Term Loan Payable to Directors Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. June 30, September 30, 2024 2023 Lim Hooi Beng $ 1,483 $ 2,226 Aw Jeen Rong 112 6 Payables to directors $ 1,595 $ 2,232 Mr. Lim Hooi Beng and Mr. Aw Jeen Rong own 13.8% and 6.0% of the ordinary shares of the Company as of June 30, 2024. As of September 30, 2023, Mr. Lim Hooi Beng and Mr. Aw Jeen Rong owned 14.5% and 6.3% of the ordinary shares of Graphjet. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2 . The shareholders will continue to support the company, hence the payables are interest free and demands for repayment are not expected within the next 12 months. On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Lim Hooi Beng. The Company issued 775,000 ordinary shares at $4.00 per share amounting $3,100 to partially settle the outstanding balance. As of June 30, 2024 and September 30, 2023, the outstanding balance on the payable is $1,595 and $2,232, respectively. Payable to a Shareholder for Intellectual Property On March 10, 2022, Graphjet entered into Intellectual Property Sales Agreement with Mr. Liu Yu, as supplemented by the letter from Mr. Liu Yu to Graphjet dated July 29, 2022, pursuant to which Graphjet purchased the process for producing palm-based graphene, an intellectual property held by Mr. Liu Yu for $6,258 payable within the 19th to 36th month period from July 29, 2022. Liu Yu owned 24.3% the Company’s ordinary shares as of June 30, 2024 and 25.5% of the ordinary shares of Graphjet as of September 30, 2023. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2. This long-term payable is excluded from recognizing imputed interest in accordance with ASC 835-30 Interest On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Liu Yu. The Company issued 1,275,000 ordinary shares at $4.00 per share amounting $5,100 to partially settle the outstanding balance. As of June 30, 2024 and September 30, 2023, the outstanding balance on the payable is $656 and $5,756, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended	9 Months Ended
Commitments and Contingencies	Mar. 31, 2024	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 - Commitments and Contingencies As of March 31, 2024, there were no commitment and contingency other than those stated below: March 31, Commitments and Contingencies Terms 2024 Land to be purchased at Kuantan Integrated Industrial Park 8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement $ 3,944 Professional service in building Kuantan factory 98.5% of total contract value and payments at progressive claims basis 1,920 Rental of premises Rental expense from April 2024 to January 2025 108 $ 5,972	Note 10 - Commitments and Contingencies As of June 30, 2024, there were no commitment and contingency other than those stated below: June 30, Commitments and Contingencies Terms 2024 Rental of premises Rental expense from July 2024 to January 2025 $ 75 Electrical installation for HL wire & cable in Kampung Baru Subang factory 60% upon installation 13 Installation of New Cooling Tower in Kampung Baru Subang factory 30% upon piping work, 20% upon installation and 10% after 3 months warranty 15 Rental of factory Rental expense for July 2024 4 $ 107

Shareholders_ Deficit

Shareholders’ Deficit	6 Months Ended	9 Months Ended
Shareholders’ Deficit	Mar. 31, 2024	Jun. 30, 2024
Shareholders’ Deficit [Abstract]
Shareholders’ Deficit	Note 11 - Shareholders’ Deficit The Company’s ordinary shares and warrants trade on the NASDAQ stock exchange under the symbol “GTI” and “GTIW”, respectively. Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the company’s authorized share capital is $50,000 divided into 479,000,000 Class A Ordinary Shares, 20,000,000 Class B Ordinary Shares, and 1,000,000 Preference Shares each of par value $0.0001 per share. As of March 31, 2024, we have issued & outstanding class A ordinary shares 146,741,306 shares, each with par value of $0.0001. All of the Graphjet Technology ordinary shares issued and outstanding at the consummation of the business combination have been fully paid. The holder of each share of ordinary shares is entitled to one vote.	Note 11 - Shareholders’ Deficit The Company’s ordinary shares trade on the NASDAQ stock exchange under the symbol “GTI”. Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the company’s authorized share capital is $50,000 divided into 479,000,000 Class A Ordinary Shares, 20,000,000 Class B Ordinary Shares, and 1,000,000 Preference Shares each of par value $0.0001 per share. As of June 30, 2024, we have issued & outstanding class A ordinary shares 146,741,306 shares, each with par value of $0.0001. All of the Graphjet Technology ordinary shares issued and outstanding at the consummation of the business combination have been fully paid. The holder of each share of ordinary shares is entitled to one vote.

Equity Incentive Plan

Equity Incentive Plan	6 Months Ended	9 Months Ended
Equity Incentive Plan	Mar. 31, 2024	Jun. 30, 2024
Equity Incentive Plan [Abstract]
Equity Incentive Plan	Note 12 - Equity Incentive Plan At the Special Meeting on February 28, 2024, Energem shareholders considered and approved the Equity Incentive Plan and reserved an amount of ordinary shares equal to 10% of the fully diluted issued and outstanding Combined Entity Ordinary Shares following the Business Combination for issuance thereunder. The Equity Incentive Plan was approved by the Energem board of directors on the same day. The Equity Incentive Plan became effective immediately upon the Closing of the Business Combination. Graphjet Technology’s employees, consultants and directors, and employees, consultants and directors of its subsidiaries will be eligible to receive awards under the Equity Incentive Plan. The Equity Incentive Plan is expected to be administered by the Graphjet Technology Board with respect to awards to non-employee directors and by Graphjet Technology’s remuneration committee with respect to other participants, each of which may delegate its duties and responsibilities to committees of Graphjet Technology directors and/or officers (referred to collectively as the “plan administrator” below), subject to certain limitations that may be imposed under stock exchange rules. The plan administrator will have the authority to interpret and adopt rules for the administration of the Equity Incentive Plan, subject to its express terms and conditions. The plan administrator will also set the terms and conditions of all awards under the Equity Incentive Plan, including any vesting and vesting acceleration conditions.	Note 12 - Equity Incentive Plan At the Special Meeting on February 28, 2024, Energem shareholders considered and approved the Equity Incentive Plan and reserved an amount of ordinary shares equal to 10% of the fully diluted issued and outstanding Combined Entity Ordinary Shares following the Business Combination for issuance thereunder. The Equity Incentive Plan was approved by the Energem board of directors on the same day. The Equity Incentive Plan became effective immediately upon the Closing of the Business Combination. Graphjet Technology’s employees, consultants and directors, and employees, consultants and directors of its subsidiaries will be eligible to receive awards under the Equity Incentive Plan. The Equity Incentive Plan is expected to be administered by the Graphjet Technology Board with respect to awards to non-employee directors and by Graphjet Technology’s remuneration committee with respect to other participants, each of which may delegate its duties and responsibilities to committees of Graphjet Technology directors and/or officers (referred to collectively as the “plan administrator” below), subject to certain limitations that may be imposed under stock exchange rules. The plan administrator will have the authority to interpret and adopt rules for the administration of the Equity Incentive Plan, subject to its express terms and conditions. The plan administrator will also set the terms and conditions of all awards under the Equity Incentive Plan, including any vesting and vesting acceleration conditions.

Subsequent Event Disclosure

Subsequent Event Disclosure	6 Months Ended	9 Months Ended
Subsequent Event Disclosure	Mar. 31, 2024	Jun. 30, 2024
Subsequent Event Disclosure [Abstract]
Subsequent Event Disclosure	Note 13 - Subsequent Event Disclosure The Company has evaluated subsequent events through June 18, 2024, the date the unaudited condensed consolidated financial statements were available for issuance. All subsequent events requiring recognition or disclosure have been included in these unaudited condensed consolidated financial statements.	Note 13 - Subsequent Event Disclosure The Company has evaluated subsequent events through July X 2024, the date the unaudited condensed consolidated financial statements were available for issuance. All subsequent events requiring recognition or disclosure have been included in these unaudited condensed consolidated financial statements.

Accounting Policies, by Policy

Deposits (Tables)

Deposits (Tables)	6 Months Ended	9 Months Ended
Deposits (Tables)	Mar. 31, 2024	Jun. 30, 2024
Deposits [Abstract]
Schedule of Deposits Consist of Non-Refundable Deposit	The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopiers. See Note 10 for further discussion. Deposit allocation Nature Terms March 31, September 30, Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - - Total $ 153 $ 128	The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, refundable deposit for the rent of photocopiers and installation cost for the factory equipment in Shah Alam factory. See Note 10 for further discussion. June 30, September 30, Deposit allocation Nature Terms 2024 2023 Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - Electrical installation for HL wire & cable in Kampung Baru Subang factory Non-refundable 40% upon order confirmation 8 - Installation of New Cooling Tower in Kampung Baru Subang factory Non-refundable 40% upon order confirmation 10 - Total $ 171 $ 128

Patent (Tables)

Patent (Tables)	6 Months Ended	9 Months Ended
Patent (Tables)	Mar. 31, 2024	Jun. 30, 2024
Patent [Abstract]
Schedule of Gross Carrying Amount, Accumulate	All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of March 31, 2024 As of September 30, 2023 Patent Acquisition Accumulated Net Accumulated Net Graphite production $ 216 $ (29 ) $ 187 $ (22 ) $ 194 Graphene production 6,258 (834 ) 5,424 (625 ) 5,633 $ 6,474 $ (863 ) $ 5,611 $ (647 ) $ 5,827	Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of June 30, 2024 As of September 30, 2023 Net Net Acquisition Accumulated carrying Accumulated carrying Patent cost amortization amount amortization amount Graphite production $ 216 $ (32 ) $ 184 $ (22 ) $ 194 Graphene production 6,258 (939 ) 5,319 (625 ) 5,633 $ 6,474 $ (971 ) $ 5,503 $ (647 ) $ 5,827
Schedule of Patent Acquisition Cost	Estimated amortization expense: Amount For year ended September 30, 2024 324 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,559 Total $ 5,611	Estimated amortization expense: Amount For year ended September 30, 2024 108 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,667 Total $ 5,503

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended	9 Months Ended
Property and Equipment (Tables)	Mar. 31, 2024	Jun. 30, 2024
Property and Equipment [Abstract]
Schedule of Depreciation of Property and Equipment	Property and equipment included in continuing operations consist of the following: March 31, September 30, Office equipment $ 9 $ 2 Renovation 34 - Construction in progress - Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,266 $ 2 Less: accumulated depreciation (2 ) - Property, and equipment, net $ 1,264 $ 2	Property and equipment included in continuing operations consist of the following: June 30, September 30, 2024 2023 Office equipment $ 13 $ 2 Renovation 38 - Construction in progress - Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,274 $ 2 Less: accumulated depreciation (4 ) - Property, and equipment, net $ 1,270 $ 2
Schedule of Depreciation of Property and Equipment	Depreciation of property and equipment is computed on a straight-line basis over its estimated usefu Office equipment 20 % Renovation 20 %	Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates: Office equipment 20 % Renovation 20 %

Debt (Tables)

Debt (Tables)	6 Months Ended	9 Months Ended
Debt (Tables)	Mar. 31, 2024	Jun. 30, 2024
Debt [Abstract]
Schedule of Obtained Loans from External Parties	March 31, September 30, Total interest payable $ 47 $ 35 Total debt and interest payable $ 522 $ 510	The principal amount, maturity date and interest rate for the loans are shown below: June 30, September 30, 2024 2023 Total interest payable $ 53 $ 35 Total debt and interest payable $ 528 $ 510
Schedule of Interest Payable	Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5 %p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5 %p.a May 26, 2022 November 25, 2024	Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5 % p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5 % p.a May 26, 2022 November 25, 2024
Schedule of Debt Principal Payments	Principal payments: Amount For year ended September 30, 2024 475 Total $ 475	Principal payments: Amount For year ended September 30, 2024 475 Total $ 475

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended	9 Months Ended
Related Party Transactions (Tables)	Mar. 31, 2024	Jun. 30, 2024
Related Party Transactions [Abstract]
Schedule of Advance to a Related Company	Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $0.8. March 31, September 30, 2024 2023 Advances to a related company $ 92 $ 97	The agreement will not be extended after ended and no transfer of premises ownership at the end of the agreement. June 30, September 30, 2024 2023 Advances to a related company $ - $ 97
Schedule of Long Term Liabilities	Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. March 31, September 30, 2024 2023 Lim Hooi Beng $ 1,212 $ 2,226 Aw Jeen Rong 6 6 Payables to directors $ 1,218 $ 2,232	Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. June 30, September 30, 2024 2023 Lim Hooi Beng $ 1,483 $ 2,226 Aw Jeen Rong 112 6 Payables to directors $ 1,595 $ 2,232

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended	9 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2024	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Schedule of Commitment and Contingency	As of March 31, 2024, there were no commitment and contingency other than those stated below: March 31, Commitments and Contingencies Terms 2024 Land to be purchased at Kuantan Integrated Industrial Park 8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement $ 3,944 Professional service in building Kuantan factory 98.5% of total contract value and payments at progressive claims basis 1,920 Rental of premises Rental expense from April 2024 to January 2025 108 $ 5,972	As of June 30, 2024, there were no commitment and contingency other than those stated below: June 30, Commitments and Contingencies Terms 2024 Rental of premises Rental expense from July 2024 to January 2025 $ 75 Electrical installation for HL wire & cable in Kampung Baru Subang factory 60% upon installation 13 Installation of New Cooling Tower in Kampung Baru Subang factory 30% upon piping work, 20% upon installation and 10% after 3 months warranty 15 Rental of factory Rental expense for July 2024 4 $ 107

Description of Organization a_2

Description of Organization and Business Operations (Details)	6 Months Ended	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Description of Organization and Business Operations [Abstract]
Percentage of anode battery material.	98%	98%

Going Concern and Liquidity (De

Going Concern and Liquidity (Details) - Going Concern and Liquidity [Member] - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Going Concern and Liquidity [Line Items]
Net loss	$ 11,594	$ (14,157)
Current liability	$ 378	$ 2,054

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) RM in Thousands		3 Months Ended	9 Months Ended	12 Months Ended
	Apr. 30, 2024 USD ($) shares	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 MYR (RM)	Mar. 31, 2024 MYR (RM)
Summary of Significant Accounting Policies [Line Items]
Finite-lived intangible assets		15 years	15 years		15 years	15 years
Consideration amount	$ 10,000		$ 5,000
Unrecognized tax benefits
Income tax provision		0	0	0
Federal depository insurance coverage amount		250,000,000	$ 250,000		RM 250
Cash		$ 11,092,160,000		$ 30,000	RM 142	RM 5,155,493
Convertible Debt [Member]
Summary of Significant Accounting Policies [Line Items]
Insurance Deposit (in Ringgits) \| RM						RM 250,000
Graphjet [Member]
Summary of Significant Accounting Policies [Line Items]
Acquired common stock (in Shares) \| shares	10,000
Equity interest	100%

Deposits (Details) - Schedule o

Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation	$ 171	$ 153	$ 128
Land to be purchased at Kuantan Integrated Industrial Park [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable	Non-refundable
Terms	2% upon signing of letter of offer	2% upon signing of letter of offer
Total deposit allocation	$ 82		82
Professional service in building Kuantan factory [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable
Terms	1.5% upon signing of letter of acceptance
Total deposit allocation	$ 46		46
Public Relations Consulting Services [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable	Refundable
Terms	One month fee charge	One month fee charge
Total deposit allocation	$ 25
Photocopiers Rent for Offices Use [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable	Refundable
Terms
Total deposit allocation
Electrical installation for HL wire & cable in Kampung Baru Subang factory [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable
Terms	40% upon order confirmation
Total deposit allocation	$ 8
Installation of New Cooling Tower in Kampung Baru Subang factory [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable
Terms	40% upon order confirmation
Total deposit allocation	$ 10

Patent (Details)

Patent (Details) - USD ($)	9 Months Ended
Patent (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Patent [Abstract]
Finite useful life	15 years	15 years
Residual value (in Dollars)	$ 0

Patent (Details) - Schedule of

Patent (Details) - Schedule of Gross Carrying Amount, Accumulate - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Acquisition cost	$ 6,474	$ 6,474
Accumulated amortization		(971)	$ (647)
Net carrying amount	$ 5,611	5,503	5,827
Graphite production [Member]
Finite-Lived Intangible Assets [Line Items]
Acquisition cost		216
Accumulated amortization		(32)	(22)
Net carrying amount		184	194
Graphene Production [Member]
Finite-Lived Intangible Assets [Line Items]
Acquisition cost		6,258
Accumulated amortization		(939)	(625)
Net carrying amount		$ 5,319	$ 5,633

Patent (Details) - Schedule o_2

Patent (Details) - Schedule of Patent Acquisition Cost - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Schedule of Patent Acquisition Cost [Abstract]
For year ended September 30, 2024	$ 108	$ 324
For year ended September 30, 2025	432	432
For year ended September 30, 2026	432	432
For year ended September 30, 2027	432	432
For year ended September 30, 2028	432	432
Thereafter	3,667	3,559
Total	$ 5,503	$ 5,611	$ 5,827

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		9 Months Ended
Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Property and Equipment [Line Items]
Depreciation expenses	$ 2	$ 1	$ 0	$ 0	$ 2	$ 0	$ 4	$ 0
Total cost					$ 1,223
Renewal terms							1 year
Artificial Graphite Machineries [Member]
Property and Equipment [Line Items]
Total cost							$ 1,223
Tenancy Agreement [Member]
Property and Equipment [Line Items]
Monthly rental							$ 4

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment Included in Continuing Operations - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Property, and equipment, cost	$ 1,274		$ 2
Less: accumulated depreciation	(4)	$ (2)
Property, and equipment, net	1,270	1,264	2
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost	13	9	2
Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost	38
Construction in progress – Machineries yet to be assembled [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost	$ 1,223	$ 1,223

Property and Equipment (Detai_3

Property and Equipment (Details) - Schedule of Depreciation of Property and Equipment	Jun. 30, 2024	Mar. 31, 2024
Office Equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	20%	20%
Renovation [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	20%	20%

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		9 Months Ended
Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt (Details) [Line Items]
Obtained loans					$ 475
Interest expense	$ 6	$ 6	$ 6	$ 6	$ 12	$ 12	$ 18	$ 18
Mr. Goh Meng Keong and Mr. Goh Seng Wei [Member]
Debt (Details) [Line Items]
Obtained loans							$ 475

Debt (Details) - Schedule of Ob

Debt (Details) - Schedule of Obtained Loans from External Parties - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Schedule of Obtained Loans from External Parties [Abstract]
Total interest payable	$ 53		$ 35
Total debt and interest payable	$ 528	$ 522	$ 510

Debt (Details) - Schedule of In

Debt (Details) - Schedule of Interest Payable $ in Thousands	9 Months Ended
	Jun. 30, 2024 USD ($)
Goh Meng Keong [Member]
Debt Instrument [Line Items]
Principle	$ 432
Interest rate	5%
Lending date	Mar. 22, 2022
Due	Sep. 30, 2024
Goh Seng Wei [Member]
Debt Instrument [Line Items]
Principle	$ 43
Interest rate	5%
Lending date	May 26, 2022
Due	Nov. 25, 2024

Debt (Details) - Schedule of De

Debt (Details) - Schedule of Debt Principal Payments - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Schedule of Debt Principal Payments [Abstract]
For year ended September 30, 2024	$ 475	$ 475
Total	$ 475	$ 475

Accrued Bonus (Details)

Accrued Bonus (Details) - USD ($) $ in Thousands		6 Months Ended	9 Months Ended
Accrued Bonus (Details) - USD ($) $ in Thousands	Feb. 29, 2024	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023
Accrued Bonus (Details) [Line Items]
Bonus amount	$ 13,800
Provision issuance rate	1%
Shareholders total value		$ 1,380,000	$ 1,380,000
Provision balance		$ 10,153	$ 10,155
Graphjet Technology [Member]
Accrued Bonus (Details) [Line Items]
Issuance percentage	1%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jun. 30, 2024	Mar. 31, 2024	Mar. 11, 2024	Sep. 30, 2023	Jul. 01, 2022	Mar. 10, 2022
Related Party Transactions [Line Items]
Initial term					2 years
Rental amount					$ 800
Working capital loan	$ 96,000	$ 96,000
Loans payable		47,000		$ 35,000
Issued ordinary shares (in Shares)			1,275,000
Ordinary shares per share (in Dollars per share)			$ 4
Outstanding balance			$ 5,100,000
Outstanding balance on the payable	656,000	$ 656,000		$ 5,756,000
Owned percentage		13.80%		14.50%
Production line
Extension Loan [Member]
Related Party Transactions [Line Items]
Loans payable	1,142,000
Common Stock [Member]
Related Party Transactions [Line Items]
Ordinary shares per share (in Dollars per share)		$ 0.0001
Directors [Member]
Related Party Transactions [Line Items]
Payable	1,595,000			2,232,000
Mr. Lim Hooi Beng [Member]
Related Party Transactions [Line Items]
Payable	1,483,000			$ 2,226,000
Owned percentage		20%		20%
Common shares		13.80%		14.50%
Sponsor [Member] \| Promissory Note [Member]
Related Party Transactions [Line Items]
Loans payable		$ 1,142,000
Mr. Aw Jeen Rong [Member]
Related Party Transactions [Line Items]
Payable	$ 112,000			$ 6,000
Common shares		6%		6.30%
Mr. Liu Yu [Member]
Related Party Transactions [Line Items]
Payable						$ 6,258,000
Common shares		24.30%
Graphjet [Member]
Related Party Transactions [Line Items]
Common shares				25.50%
Mr. Lim Hooi Beng [Member]
Related Party Transactions [Line Items]
Owned percentage	13.80%			14.50%
Issued ordinary shares (in Shares)			775,000
Ordinary shares per share (in Dollars per share)			$ 4
Outstanding balance			$ 3,100,000
Mr. Lim Hooi Beng [Member] \| Common Stock [Member]
Related Party Transactions [Line Items]
Owned percentage	13.80%			14.50%
Mr. Lim Hooi Beng [Member] \| ZhongHe Industries Sdn Bhd (ZHI) [Member]
Related Party Transactions [Line Items]
Owned percentage	20%			20%
Mr. Aw Jeen Rong [Member] \| Common Stock [Member]
Related Party Transactions [Line Items]
Owned percentage	6%			6.30%
Mr.Liu Yu {Member]
Related Party Transactions [Line Items]
Owned percentage	24.30%			25.50%
Issued ordinary shares (in Shares)			1,275,000
Ordinary shares per share (in Dollars per share)			$ 4
Outstanding balance			$ 5,100,000
Payable						$ 6,258,000
Common Stock [Member]
Related Party Transactions [Line Items]
Issued ordinary shares (in Shares)			775,000
Ordinary shares per share (in Dollars per share)			$ 4
Outstanding balance			$ 3,100,000
Payable		$ 1,218,000		$ 2,232,000

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Advance to a Related Company - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Related Party [Member]
Related Party Transaction [Line Items]
Advances to a related company		$ 92	$ 97

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Long Term Liabilities - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Lim Hooi Beng [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 1,483		$ 2,226
Aw Jeen Rong [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	112		6
Directors [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 1,595	$ 1,218	$ 2,232

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Schedule of Commitment and Contingency $ in Thousands	9 Months Ended
	Jun. 30, 2024 USD ($)
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, Total	$ 107
Rental of premises [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, Terms	Rental expense from July 2024 to January 2025
Commitments and Contingencies, Total	$ 75
Electrical installation for HL wire & cable in Kampung Baru Subang factory [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, Terms	60% upon installation
Commitments and Contingencies, Total	$ 13
Installation of New Cooling Tower in Kampung Baru Subang factory [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, Terms	30% upon piping work, 20% upon installation and 10% after 3 months warranty
Commitments and Contingencies, Total	$ 15
Rental of factory [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, Terms	Rental expense for July 2024
Commitments and Contingencies, Total	$ 4

Shareholders_ Deficit (Details)

Shareholders’ Deficit (Details) - USD ($)	6 Months Ended	9 Months Ended
Shareholders’ Deficit (Details) - USD ($)	Mar. 31, 2024	Jun. 30, 2024	Mar. 11, 2024	Sep. 30, 2023
Shareholders’ Equity [Line Items]
Authorized share capital (in Dollars)			$ 5,100,000
Preferred shares, authorized	1,000,000	1,000,000		1,000,000
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001		$ 0.0001
Common stock shares issued			1,275,000
Common stock, par value (in Dollars per share)			$ 4
Common stock vote	one	one
Shares divided	1,000,000
Share Capital [Member]
Shareholders’ Equity [Line Items]
Authorized share capital (in Dollars)		$ 50,000,000
Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Authorized share capital (in Dollars)	$ 14,000	$ 14,000		$ 601,000
Ordinary shares, shares authorized	479,000,000	479,000,000		479,000,000
Common stock shares issued	146,741,306	146,741,306		2,500,100
Common stock share outstanding	146,741,306	146,741,306		2,500,100
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001		$ 0.2405
Shares divided	479,000,000
Class B Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Authorized share capital (in Dollars)
Ordinary shares, shares authorized	20,000,000	20,000,000		20,000,000
Common stock shares issued
Common stock share outstanding
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001		$ 0.0001
Shares divided	20,000,000
Common Stock [Member]
Shareholders’ Equity [Line Items]
Common stock, par value (in Dollars per share)	$ 0.0001
Authorized share capital (in Dollars)	$ 50,000,000
Common Stock [Member] \| Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Common stock shares issued	146,741,306
Common stock share outstanding	146,741,306
Common stock, par value (in Dollars per share)	$ 0.0001

Equity Incentive Plan (Details)

Equity Incentive Plan (Details)	Feb. 28, 2024
Equity Incentive Plan [Member]
Equity Incentive Plan [Line Items]
Diluted percentage	10%
Equity Incentive Plan [Member]
Equity Incentive Plan [Line Items]
Equity incentive plan	10%

Deposits (Details) - Schedule_2

Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation		$ 153	$ 128
Land to be purchased at Kuantan Integrated Industrial Park [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable	Non-refundable
Terms	2% upon signing of letter of offer	2% upon signing of letter of offer
Total deposit allocation		$ 82	82
Professional service in building Kuantan factory [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature		Non-refundable
Terms		1.5% upon signing of letter of acceptance
Total deposit allocation		$ 46	$ 46
Public Relations Consulting Services [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable	Refundable
Terms	One month fee charge	One month fee charge
Total deposit allocation		$ 25
Photocopiers Rent for Offices Use [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable	Refundable
Terms
Total deposit allocation

Patent (Details) - Schedule o_3

Patent (Details) - Schedule of Gross Carrying Amount, Accumulate - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	$ 6,474	$ 6,474
Graphite production, Accumulated amortization	(863)		$ (647)
Graphite production, Net carrying amount	5,611		5,827
Graphite production [Member]
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	216
Graphite production, Accumulated amortization	(29)		(22)
Graphite production, Net carrying amount	187		194
Graphene Production [Member]
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	6,258
Graphite production, Accumulated amortization	(834)		(625)
Graphite production, Net carrying amount	$ 5,424		$ 5,633

Patent (Details) - Schedule o_4

Patent (Details) - Schedule of Patent Acquisition Cost - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Schedule of Patent Acquisition Cost [Abstract]
For year ended September 30, 2024	$ 108	$ 324
For year ended September 30, 2025	432	432
For year ended September 30, 2026	432	432
For year ended September 30, 2027	432	432
For year ended September 30, 2028	432	432
Thereafter	3,667	3,559
Total	$ 5,503	$ 5,611	$ 5,827

Property and Equipment (Detai_4

Property and Equipment (Details) - Schedule of Property and Equipment Included in Continuing Operations - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,274		$ 2
Property, plant, and equipment, cost		$ 1,266	2
Less: accumulated depreciation	(4)	(2)
Property, plant, and equipment, net	1,270	1,264	2
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	13	9	2
Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		34
Construction in progress – Machineries yet to be assembled [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,223	$ 1,223

Property and Equipment (Detai_5

Property and Equipment (Details) - Schedule of Depreciation of Property and Equipment	Jun. 30, 2024	Mar. 31, 2024
Office equipment [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	20%	20%
Renovation [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Depreciation of property and equipment	20%	20%

Debt (Details) - Schedule of _2

Debt (Details) - Schedule of Obtained Loans from External Parties - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023
Schedule of Obtained Loans from External Parties [Abstract]
Total interest payable		$ 47	$ 35
Total debt and interest payable	$ 528	$ 522	$ 510

Debt (Details) - Schedule of _3

Debt (Details) - Schedule of Interest Payable $ in Thousands	6 Months Ended
	Mar. 31, 2024 USD ($)
Goh Meng Keong [Member]
Debt Instrument [Line Items]
Principle	$ 432
Interest rate	5%
Lending date	Mar. 22, 2022
Due	Sep. 30, 2024
Goh Seng Wei [Member]
Debt Instrument [Line Items]
Principle	$ 43
Interest rate	5%
Lending date	May 26, 2022
Due	Nov. 25, 2024

Debt (Details) - Schedule of _4

Debt (Details) - Schedule of Debt Principal Payments - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Schedule of Debt Principal Payments [Abstract]
For year ended September 30, 2024	$ 475	$ 475
Total	$ 475	$ 475

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of Advance to a Related Company - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Schedule of Advance to a Related Company [Abstract]
Advances to a related company	$ 92	$ 97

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of Long Term Liabilities - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 1,218	$ 2,232
Lim Hooi Beng [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	1,212	2,226
Aw Jeen Rong [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 6	$ 6

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of No Commitment and Contingency Other than those Stated $ in Thousands	6 Months Ended
	Mar. 31, 2024 USD ($)
Long-Term Purchase Commitment [Line Items]
Total	$ 5,972
Land to be purchased at Kuantan Integrated Industrial Park [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement
Total	$ 3,944
Professional service in building Kuantan factory [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	98.5% of total contract value and payments at progressive claims basis
Total	$ 1,920
Rental of premises [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	Rental expense from April 2024 to January 2025
Total	$ 108