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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Dec. 31, 2021
Accounting Policies [Abstract] |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents |
|  | December 31, 2021 |  |  | September 30, 2021 |
Cash and cash equivalents, excluding restricted cash |  | $ | 4,104,574 |  |  | $ | 14,571,198 |
Restricted cash - construction escrow account |  | $ | 1,107,840 |  |  | $ | 3,469,129 |
Cash and cash equivalents, including restricted cash |  | $ | 5,212,414 |  |  | $ | 18,040,327 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable | Accounts receivable, net consists of the following:
|  | December 31, 2021 |  |  | September 30, 2021 |
Accounts Receivable, gross |  | $ | 4,776,757 |  |  | $ | 2,891,784 |
Other receivables |  |  | 538,753 |  |  |  | 421,681 |
Provision for doubtful allowances |  |  | (693,508 | ) |  |  | (693,508 | )
Total Accounts Receivable, net |  | $ | 4,622,002 |  |  | $ | 2,619,957 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Inventories Current | The composition of inventory as of December 31, 2021 and September 30, 2021 are as follows:
|  | December 31, 2021 |  |  | September 30, 2021 |
Batteries and solar panels |  |  | 718,955 |  |  | $ | 1,819,398 |
Supplies and other |  |  | 713,155 |  |  |  | 853,346 |
Total inventory |  |  | 1,432,110 |  |  | $ | 2,672,744 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of earnings per share, basic and diluted |
|  | For the Three Months Ended December 31, |
|  | 2021 |  |  | 2020 |
Numerator |  |  |  |  |  |
Consolidated net income (loss) attributable to common shareholders |  | $ | 14,171,144 |  |  | $ | (7,167,530 | )
Denominator |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 40,279,938 |  |  |  | 22,146,992 |
Dilutive impact of stock options and other share-based awards |  |  | 205,823 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 40,485,761 |  |  |  | 22,146,992 |
Net income (loss) per common share attributable |  |  |  |  |  |
Basic |  | $ | 0.35 |  |  | $ | (0.32 | )
Diluted |  | $ | 0.35 |  |  | $ | (0.32 | )
2. SUMMARY OF SIGNIFICANT ACCOUNTING ACCOUNTING POLICIES - Useful Life of Property and Equipment | Depreciation is calculated on a straight-line basis over the estimated useful life of the asset as follows:
|  | Useful life (years)
Building |  | 30
Machinery and equipment |  | 1 - 10
Mining equipment |  | 3 – 15
Infrastructure asset |  | Shorter of estimated lease term or 15 years
Leasehold improvements |  | Shorter of estimated lease term or 5 years
Furniture and fixtures |  | 1 - 5
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Activities of Digital Currencies | The following table presents the activities of the digital currencies for the three months ended December 31, 2021:
|  | Amount ($) |
Balance as on September 30, 2021 |  |  | 23,603,210 |
Addition of digital currencies |  |  | 36,974,578 |
Sale of digital currencies |  |  | (33,965,188 | )
Digital currencies issued for services |  |  | (181,658 | )
Realized gain on sale of digital currencies |  |  | 9,994,791 |
Impairment loss |  |  | (6,222,346 | )
Balance as on December 31, 2021 |  |  | 30,203,387 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Financial Instruments That are Recorded at Fair Value | The following table presents the Company’s financial instruments that are measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of December 31, 2021 and September 30, 2021:
December 31, 2021: |  |  |  |  |  |  |  |  |  |  |  |
|  | Amount ($) |  |  | Level 1 ($) |  |  | Level 2 ($) |  |  | Level 3 ($) |
Derivative asset |  |  | 5,204,505 |  |  |  | - |  |  |  | - |  |  |  | 5,204,505 |
Investment in equity security |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Investment in debt security |  |  | 512,721 |  |  |  | - |  |  |  | - |  |  |  | 512,721 |
Contingent cash consideration |  |  | 615,249 |  |  |  | - |  |  |  | - |  |  |  | 615,249 |
Total |  | $ | 6,332,475 |  |  |  | - |  |  |  | - |  |  |  | 6,332,475 |
September 30, 2021: |  |  |  |  |  |  |  |  |  |  |  |
|  | Amount ($) |  |  | Level 1 ($) |  |  | Level 2 ($) |  |  | Level 3 ($) |
Derivative asset |  |  | 4,905,656 |  |  |  | — |  |  |  | — |  |  |  | 4,905,656 |
Investment in equity security |  |  | 10,772 |  |  |  | 10,772 |  |  |  | — |  |  |  | — |
Investment in debt security |  |  | 494,608 |  |  |  | — |  |  |  | — |  |  |  | 494,608 |
Contingent cash consideration |  |  | 820,802 |  |  |  | — |  |  |  | — |  |  |  | 820,802 |
Total |  |  | 6,231,838 |  |  |  | 10,772 |  |  |  | — |  |  |  | 6,221,066 |

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