XML 22 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (16,444,619) $ (16,282,653)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 8,599,029 1,171,632
Impairment expense 3,720,481
Unrealized gain on equity security (98,914) (78,368)
Realized gain on sale of equity security (105,908)
Realized gain on sale of digital currency (672,065)
Digital currency issued for services 162,038
Amortization of operating lease right of use asset 271,715 33,000
Depreciation and amortization 6,883,020 2,126,313
Provision for bad debts 234,112 27,456
Gain on derivative asset (5,319,361) (1,544,185)
PPP loan forgiveness (531,169)
Amortization of debt discount 9,022,759
Changes in operating assets and liabilities    
Decrease (increase) in prepaid expenses and other current assets (2,914,993) 808,354
Decrease in contract assets 4,103 57,077
Increase in ROU Asset
Increase (decrease) in contract liabilities, net 532,675 (349,908)
(Increase) in accounts receivable (1,298,308) (918,877)
Increase in accounts payable 3,699,298 2,347,566
(Increase) in digital currency (16,098,643)
(Decrease) in lease liability (272,123) (32,281)
Increase in inventory (3,978,257)
(Decrease) in due to related parties (66,966)
Net cash used in operating activities (23,627,889) (3,679,081)
Cash Flows from investing    
Increase in deposits on mining equipment (125,855,501)
Proceeds from sale of equity securities 182,044
Proceeds from sale of digital currencies 2,499,757
Investment in infrastructure development (6,431,664)
Purchase of fixed assets (60,536,521) (30,787)
Acquisition of ATL Data Center, net of cash received 45,783
Acquisition of p2KLabs, net of cash received (1,141,990)
Acquisition of Solar Watt Solutions (1,000,337)
Investment in capitalized software (84,925)
Investment in debt and equity securities (750,000)
Net cash used in investing activities (191,096,439) (2,667,702)
Cash Flows from Financing Activities    
Payments on promissory notes (5,865,476) (67,467)
Proceeds from promissory notes 531,169
Payments on finance leases (181,475)
Proceeds from exercise of options and warrants 3,731,563
Proceeds from offerings, net 236,123,384
Net cash provided by financing activities 233,807,996 463,702
Net increase (decrease) in cash and cash equivalents 19,083,668 (5,883,081)
Cash and cash equivalents, beginning of period 3,126,202 7,838,857
Cash and cash equivalents, end of period 22,209,870 1,955,776
Supplemental disclosure of cash flow information    
Cash paid for interest 51,463 11,010
Cash paid for tax
Non-cash investing and financing transactions    
Day one recognition of right of use asset and liability 554,979 85,280
Right of use asset and liability written off due to lease termination 603,700
Shares issued for conversion of debt and accrued interest 14,054,876
Shares and options issued for business acquisition 33,537,396 533,935
Shares issued as collateral returned to treasury 30
Preferred stock dividends accrued 177,505
Cashless exercise of options/warrants $ 74