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19. SEGMENT REPORTING
 12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
19. SEGMENT REPORTING

19. SEGMENT REPORTING

 

We disclose segment information that is consistent with the way in which management operates and views the business. Our operating structure contains the following reportable segments:   

 

Energy Segment – Consisting of our CleanSpark, LLC., CleanSpark Critical Power Systems, Inc. and GridFabric, LLC lines of business, this segment provides services, equipment and software to the energy industry.

 

Digital Agency Segment – p2kLabs, Inc. provides design, software development and other technology-based consulting services.

 

                             
For the Year Ended September 30, 2020
             
    Energy    p2kLabs, Inc    Inter-segment    Consolidated
                    
Revenues  $9,018,023   $1,130,233   $(119,555)  $10,028,701
                    
Cost of revenues   7,643,136    264,713    —      7,907,849
                    
Gross profit   1,374,887    865,520    (119,555)   2,120,852
                    
Operating expenses   16,750,467    633,056    (119,555)   17,263,968
                    
Segment Income/(loss) from operations   (15,375,581)   232,465    —      (15,143,116)
                    
Capital expenditures   30,990    3,907    —      34,897
                    
Depreciation and amortization  $2,465,877   $206,454   $—     $2,672,331

 

 

                       
   As of September 30, 2020
          
    Energy    p2kLabs, Inc    Consolidated
               
Accounts Receivable  $919,499   $127,854   $1,047,353
               
Goodwill  $4,946,253   $957,388   $5,903,641
               
Total assets  $20,212,873   $2,127,190   $22,340,063