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14. SEGMENT REPORTING
 3 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING
14.
SEGMENT REPORTING

We disclose segment information that is consistent with the way in which management operates and views the business. Our operating structure contains two reportable segments: Digital Currency and Energy. The Company measures the results of its segments using, among other measures, each segment's sales and operating income, which includes certain corporate overhead allocations.

Digital Currency: This segment consists of operations related to Bitcoin mining. The Company provides computing power through ATL Data Centers LLC and CleanBlok Inc. to the mining pools. This segment also includes operation related to maintenance of real property holdings for company purposes through CSRE properties Norcross LLC and CSRE properties LLC. This segment revenue represents fractional share of the fixed cryptocurrency award received from the mining pool operator in exchange of computing power.

Energy: This segment provides services, equipment, and software to the energy industry. This segment includes revenue from providing engineering and construction services, selling equipment such as residential battery, residential solar, commercial solar and non-customized equipment and providing access to its energy software offerings and software license sales and support services.

Other Revenue and Eliminations: This includes revenue from providing design, software development, and other technology-based consulting services through p2k Labs and data center services through ATL Data Center. Corporate items and eliminations consist of corporate overhead and other items not allocated to any of the Company's segments

as in the table below. Intersegment transactions, which were at market price, are included in the “Other revenue and eliminations” and “Corporate items and eliminations” in the table below.

 

 

 

December 31,
2021

 

 

December 31, 2020

 

Revenue

 

 

 

 

 

 

Energy

 

$

3,970,210

 

 

$

1,213,870

 

Digital Currency Mining

 

$

36,974,578

 

 

 

733,410

 

Total segment revenues

 

 

40,944,788

 

 

 

1,947,280

 

Other revenue and eliminations

 

 

297,181

 

 

 

310,290

 

Consolidated Revenues

 

 

41,241,969

 

 

 

2,257,570

 

Profit

 

 

 

 

 

 

Energy

 

$

986,240

 

 

$

173,184

 

Digital Currency Mining

 

 

31,332,990

 

 

$

560,209

 

Total segment profit/(loss)

 

 

32,319,230

 

 

 

733,393

 

Corporate items and eliminations (including
   depreciation and amortization)

 

$

(17,833,475

)

 

$

(7,900,923

)

Net income/(loss)

 

$

14,485,755

 

 

$

(7,167,530

)

 

For details on major customers of Digital currency and Energy segment, see Note 13.

A summary of segment assets is as follows:

 

 

 

December 31, 2021

 

 

September 30, 2021

 

Digital Currency Mining

 

$

349,331,100

 

 

$

270,995,942

 

 

 

 

 

 

 

 

Energy

 

 

22,733,365

 

 

 

17,507,314

 

 

 

 

 

 

 

 

Other and Corporate assets

 

 

46,080,306

 

 

 

28,969,865

 

 

 

 

 

 

 

 

Total

 

$

418,144,771

 

 

$

317,473,117

 

 

The Company operates its business only in the United States.

Total additions in long-lived assets for the three months ended December 31, 2021 and 2020:

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Digital
Currency

 

 

Energy

 

 

Corporate

 

 

Digital
Currency

 

 

Energy

 

 

Corporate

 

Property Plant and Equipment

 

$

67,018,388

 

 

$

135,936

 

 

$

0

 

 

$

6,570,869

 

 

$

18,109

 

 

$

972

 

Intangibles

 

 

-

 

 

 

-

 

 

 

-

 

 

$

7,457,970

 

 

 

-

 

 

 

-

 

Capitalized software

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total

 

$

67,018,388

 

 

$

135,936

 

 

$

—

 

 

$

14,028,839

 

 

$

18,109

 

 

$

972