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7. FIXED ASSETS
 3 Months Ended
Dec. 31, 2020
Property, Plant and Equipment [Abstract]  
7. FIXED ASSETS

7. FIXED ASSETS

 

Fixed assets consist of the following as of December 31, 2020 and September 30, 2020:

 

   December 31, 2020  September 30, 2020
Machinery and equipment  $1,288,911   $193,042
Mining equipment   5,475,000    —  
Leasehold improvements   17,965    17,965
Furniture and fixtures   101,628    82,547
 Total   6,883,504    293,554
Less: accumulated depreciation   (399,367)   (175,560)
Fixed assets, net  $6,484,137   $117,994

 

Depreciation expense for the three months ended December 31, 2020 and 2019 was $223,907 and $13,662, respectively.