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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Jun. 30, 2022
Accounting Policies [Abstract] |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents |
|  | June 30, 2022 |  |  | September 30, 2021 |
Cash and cash equivalents, excluding restricted cash |  | $ | 2,661,682 |  |  | $ | 14,571,198 |
Restricted cash - construction escrow account |  |  | — |  |  |  | 3,469,129 |
Cash and cash equivalents, including restricted cash |  | $ | 2,661,682 |  |  | $ | 18,040,327 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable | Accounts receivable, net consists of the following:
|  | June 30, 2022 |  |  | September 30, 2021 |
Accounts Receivable, gross |  | $ | 320,133 |  |  | $ | 307,067 |
Other receivables |  |  | 1,248 |  |  |  | — |
Provision for doubtful allowances |  |  | (218,600 | ) |  |  | — |
Total Accounts Receivable, net |  | $ | 102,781 |  |  | $ | 307,067 |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of earnings per share, basic and diluted |
|  | For the Three Months Ended June 30, |  |  | For the Nine Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Continuing Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (16,236,076 | ) |  | $ | (14,074,995 | ) |  | $ | 1,064,790 |  |  | $ | (9,477,358 | )
Preferred stock dividends |  |  | — |  |  |  | — |  |  |  | 335,439 |  |  |  | 177,505 |
Income (loss) from continuing operations attributable to common shareholders |  |  | (16,236,076 | ) |  |  | (14,074,995 | ) |  |  | 729,351 |  |  |  | (9,654,863 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 41,277,090 |  |  |  | 34,014,221 |  |  |  | 41,010,826 |  |  |  | 27,355,111 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | — |  |  |  | 81,202 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 41,277,090 |  |  |  | 34,014,221 |  |  |  | 41,092,028 |  |  |  | 27,355,111 |
Income (loss) from continuing operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.39 | ) |  | $ | (0.41 | ) |  | $ | 0.02 |  |  | $ | (0.35 | )
Diluted |  | $ | (0.39 | ) |  | $ | (0.41 | ) |  | $ | 0.02 |  |  | $ | (0.35 | )
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Loss on discontinued operations |  |  | (13,104,147 | ) |  |  | (2,602,132 | ) |  |  | (16,089,993 | ) |  |  | (6,967,261 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 41,277,090 |  |  |  | 34,014,221 |  |  |  | 41,010,826 |  |  |  | 27,355,111 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | — |  |  |  | 81,202 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 41,277,090 |  |  |  | 34,014,221 |  |  |  | 41,092,028 |  |  |  | 27,355,111 |
Loss on discontinued operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.32 | ) |  | $ | (0.08 | ) |  | $ | (0.39 | ) |  | $ | (0.25 | )
Diluted |  | $ | (0.32 | ) |  | $ | (0.08 | ) |  | $ | (0.39 | ) |  | $ | (0.25 | )
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
Land improvements |  | 15
Machinery and equipment |  | 1-10
Office equipment |  | 3-7
Miners |  | 3-5
Mining equipment |  | 3-15
Leasehold improvements |  | Shorter of estimated lease term or 15 years
Infrastructure asset |  | 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 nine months ended June 30, 2022:
|  | Amount |
Balance as on September 30, 2021 |  | $ | 23,603,210 |
Addition of digital currencies |  |  | 104,882,043 |
Sale of digital currencies |  |  | (108,070,207 | )
Digital currencies issued for services |  |  | (450,948 | )
Realized gain on sale of digital currencies, including services |  |  | 2,026,427 |
Impairment loss |  |  | (11,452,405 | )
Balance as on June 30, 2022 |  | $ | 10,538,120 |

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