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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Dec. 31, 2022
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
($ in thousands) |  | December 31, 2022 |  |  | September 30, 2022 |
Accounts Receivable, gross |  | $ | 250 |  |  | $ | 247 |
Provision for doubtful allowances |  |  | (220 | ) |  |  | (220 | )
Total Accounts Receivable, net |  | $ | 30 |  |  | $ | 27 |
Schedule of Earnings Per Share Basic and Diluted | Provided below is the income (loss) per share calculation for the three months ended December 31, 2022 and 2021:
|  | For the Three Months Ended December 31, |
($ in thousands, except share and per share) |  | 2022 |  |  | 2021 |
Continuing Operations |  |  |  |  |  |
Numerator |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (30,488 | ) |  | $ | 15,644 |
Preferred stock dividends |  |  | — |  |  |  | 315 |
(Loss) income from continuing operations attributable to common shareholders |  | $ | (30,488 | ) |  | $ | 15,330 |
Denominator |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 66,395,174 |  |  |  | 40,279,938 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | 205,823 |
Weighted- average common shares outstanding, diluted |  |  | 66,395,174 |  |  |  | 40,485,761 |
(Loss) income from continuing operations per common share attributable to common shareholders |  |  |  |  |  |
Basic |  | $ | (0.46 | ) |  | $ | 0.38 |
Diluted |  | $ | (0.46 | ) |  | $ | 0.38 |
Discontinued Operations |  |  |  |  |  |
Numerator |  |  |  |  |  |
Income (loss) on discontinued operations |  | $ | 1,457 |  |  | $ | (1,158 | )
Denominator |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 66,395,174 |  |  |  | 40,279,938 |
Dilutive impact of stock options and other share-based awards |  |  | 1,005,160 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 67,400,334 |  |  |  | 40,279,938 |
Income (loss) on discontinued operations per common share attributable to common shareholders |  |  |  |  |  |
Basic |  | $ | 0.02 |  |  | $ | (0.03 | )
Diluted |  | $ | 0.02 |  |  | $ | (0.03 | )
Schedule of Estimated Useful Life of Asset | Depreciation is calculated on a straight-line basis over the estimated useful life of the asset as follows:
|  | Useful life (years)
Land Improvements |  | 15
Building |  | 30
Leasehold improvements | ﻿ | Shorter of lease term or 15 years
Miners |  | 3-5
Mining Equipment |  | 3-15
Infrastructure asset |  | Shorter of lease term or 5 years
Machinery and equipment |  | 1-10
Furniture and fixtures |  | 3-7
Schedule of Activities of Digital Currencies | The following table presents the activities of the bitcoin for the three months ended December 31, 2022:
($ in thousands) |  | Amount |
Balance as on September 30, 2022 |  | $ | 11,147 |
Addition of bitcoin |  |  | 27,746 |
Sale of bitcoin |  |  | (34,067 | )
Bitcoin issued for services |  |  | (134 | )
Bitcoin issued for software |  |  | (229 | )
Realized loss on sale of bitcoin |  |  | (517 | )
Impairment loss |  |  | (83 | )
Balance as on December 31, 2022 |  | $ | 3,863 |
The Company's bitcoin holdings are not subject to rehypothecation and do not serve as collateral for any existing loans or agreements.
Schedule of Financial Instruments | 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, 2022 and September 30, 2022:
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative asset |  | $ | 1,685 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,685 |
Investment in debt security |  |  | 639 |  |  |  | — |  |  |  | — |  |  |  | 639 |
Contingent consideration |  |  | 4,840 |  |  |  | 4,840 |  |  |  | — |  |  |  | — |
Total |  | $ | 7,164 |  |  | $ | 4,840 |  |  | $ | — |  |  | $ | 2,324 |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative asset |  | $ | 2,956 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,956 |
Investment in debt security |  |  | 610 |  |  |  | — |  |  |  | — |  |  |  | 610 |
Total |  | $ | 3,566 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,566 |

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