XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.22.2.2

3. DISCONTINUED OPERATIONS | 12 Months Ended
--- | ---
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 3. DISCONTINUED OPERATIONS The Company determined to make available for sale the asset groups related to the energy segment due to its strategic shift to strictly focus on its bitcoin mining operations. As a result, the Energy segments' results of operations have been reclassified as discontinued operations on a retrospective basis for all periods presented. Accordingly, the assets and liabilities of this segment are separately reported as “assets and liabilities held for sale” as of September 30, 2022 and 2021 in the consolidated balance sheets. The results of operations of this segment, for all periods, are separately reported as “discontinued operations” in the consolidated statements of operations and comprehensive loss. Provided below are the key areas of the financials that constitute the discontinued operations:
|  | September 30, 2022 |  |  | September 30, 2021 |
ASSETS |  |  |  |  |  |
Current assets |  |  |  |  |  |
Accounts receivable, net |  | $ | 2,813,166 |  |  | $ | 2,312,890 |
Inventory |  |  | 4,399,915 |  |  |  | 2,592,933 |
Prepaid expense and other current assets |  |  | 212,800 |  |  |  | 2,991,243 |
Total current assets held for sale |  | $ | 7,425,881 |  |  | $ | 7,897,066 |
Property and equipment, net |  |  | 11,284 |  |  |  | 53,193 |
Operating lease right of use asset |  |  | 665,071 |  |  |  | 824,435 |
Intangible assets, net |  |  | 868,319 |  |  |  | 4,476,306 |
Goodwill |  |  | — |  |  |  | 7,000,779 |
Long-term assets held for sale |  | $ | 1,544,674 |  |  | $ | 12,354,713 |
Total assets held for sale |  | $ | 8,970,555 |  |  | $ | 20,251,779 |
LIABILITIES |  |  |  |  |  |
Current liabilities |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 918,758 |  |  | $ | 1,289,713 |
Contract liabilities |  |  | 116,690 |  |  |  | — |
Operating lease liability |  |  | 163,248 |  |  |  | 152,064 |
Total current liabilities held for sale |  |  | 1,198,696 |  |  |  | 1,441,777 |
Long-term liabilities |  |  |  |  |  |
Operating lease liability, net of current portion |  |  | 511,530 |  |  |  | 674,779 |
Total liabilities held for sale |  | $ | 1,710,226 |  |  | $ | 2,116,556 |
|  | For the year ended |
|  | September 30, 2022 |  |  | September 30, 2021 |
Revenues, net |  |  |  |  |  |
Energy hardware, software and services revenue |  | $ | 9,667,290 |  |  | $ | 10,151,010 |
Total revenues, net |  |  | 9,667,290 |  |  |  | 10,151,010 |
Costs and expenses |  |  |  |  |  |
Cost of revenues (exclusive of depreciation and amortization shown below) |  |  | 8,710,760 |  |  |  | 8,701,681 |
Professional fees |  |  | 115,960 |  |  |  | 486,583 |
Payroll expenses |  |  | 4,911,322 |  |  |  | 4,173,778 |
General and administrative expenses |  |  | 1,640,920 |  |  |  | 823,508 |
Impairment expense - fixed assets |  |  | 31,833 |  |  |  | — |
Impairment expense - intangibles |  |  | 1,402,016 |  |  |  | 1,531,711 |
Impairment expense - other |  |  | 871,649 |  |  |  | — |
Impairment expense - goodwill |  |  | 7,000,779 |  |  |  | 4,746,000 |
Depreciation and amortization |  |  | 2,215,537 |  |  |  | 3,262,245 |
Total costs and expenses |  |  | 26,900,776 |  |  |  | 23,725,506 |
Loss from operations |  |  | (17,233,486 | ) |  |  | (13,574,496 | )
Other income (expense) |  |  |  |  |  |
Interest expense |  |  | (3,475 | ) |  |  | (8,352 | )
Total other income (expense) |  |  | (3,475 | ) |  |  | (8,352 | )
Loss before income tax (expense) or benefit |  |  | (17,236,961 | ) |  |  | (13,582,848 | )
Income tax (expense) or benefit |  |  | — |  |  |  | — |
Net loss |  | $ | (17,236,961 | ) |  | $ | (13,582,848 | )

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

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration