XML 46 R29.htm IDEA: XBRL DOCUMENT
v3.21.2

5. INTANGIBLE ASSETS (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill [Table Text Block] |
September 30, 2021
|  | Intangible assets |  | Accumulated amortization |  | Total
Patents |  | $ | 74,112 |  |  | $ | 28,329 |  |  | $ | 45,783
Websites |  |  | 8,115 |  |  |  | 8,115 |  |  |  | —
Customer list and non-compete agreement |  |  | 6,892,024 |  |  |  | 4,940,456 |  |  |  | 1,951,568
Design assets |  |  | 123,000 |  |  |  | 123,000 |  |  |  | —
Trademarks |  |  | 5,928 |  |  |  | 2,236 |  |  |  | 3,692
Engineering trade secrets |  |  | 4,370,269 |  |  |  | 2,943,173 |  |  |  | 1,427,096
Software |  |  | 870,000 |  |  |  | 325,519 |  |  |  | 544,481
Strategic Contract |  |  | 9,799,970 |  |  |  | 1,577,098 |  |  |  | 8,222,872
Infrastructure asset |  |  | 81,868 |  |  |  | — |  |  |  | 81,868
mPulse software |  |  | 741,846 |  |  |  | 238,161 |  |  |  | 503,685
Total |  | $ | 22,967,132 |  |  | $ | 10,186,087 |  |  | $ | 12,781,045
September 30, 2020
|  | Intangible assets |  | Accumulated amortization |  | Total
Patents |  | $ | 74,112 |  |  | $ | 24,471 |  |  | $ | 49,641
Websites |  |  | 8,115 |  |  |  | 8,115 |  |  |  | —
Customer list and non-compete agreement |  |  | 6,702,024 |  |  |  | 2,923,592 |  |  |  | 3,778,432
Design assets |  |  | 123,000 |  |  |  | 41,000 |  |  |  | 82,000
Trademarks |  |  | 5,928 |  |  |  | 1,805 |  |  |  | 4,123
Engineering trade secrets |  |  | 4,370,269 |  |  |  | 2,331,858 |  |  |  | 2,038,411
Software |  |  | 1,120,000 |  |  |  | 22,951 |  |  |  | 1,097,049
mVSO software |  |  | 437,135 |  |  |  | 132,813 |  |  |  | 304,322
mPulse software |  |  | 741,846 |  |  |  | 69,965 |  |  |  | 671,881
Total |  | $ | 13,582,429 |  |  | $ | 5,556,570 |  |  | $ | 8,025,859
Amortization expense for the years ended September 30, 2021 and 2020 was $4,848,179 and $2,767,345, respectively. During the year ended September 30, 2021, the Company recorded an impairment of $554,322 related to write-off of software. There was no impairment during the year ended September 30, 2020. The strategic contract relates to supply of a critical input to our digital currency mining business at significantly low prices compared to market. During the year September 30, 2021, the initial allocation of $7,457,970 was adjusted by $2,342,000. The strategic contract is now carried at $9,799,970 net of accumulated amortization of $1,577,098. The Company expects to record amortization expense of intangible assets over the next 5 years and thereafter as follows:
5. INTANGIBLE ASSETS - Amortization Expense |
Year |  | September 30, 2021
2022 |  |  | $ | 4,494,533
2023 |  |  |  | 2,884,225
2024 |  |  |  | 2,471,413
2025 |  |  |  | 1,975,742
2026 |  |  |  | 398,644
Thereafter |  |  |  | 556,488
In |  |  | $ | 12,781,045

X
- Definition Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration