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4. DISCONTINUED OPERATIONS | 3 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 4. 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 June 30, 2022 in the consolidated balance sheets. The Company has since sold the majority of its software and intellectual property assets related to the Energy segment, and is in the process of selling additional remaining inventory and assets. The results of operations of this segment, for all periods, are separately reported as “discontinued operations” in the consolidated statements of operations and comprehensive income (loss). In November 2022, the Company sold certain software rights and assets that were classified as assets held for sale for a net sales price of $2,523 with a carrying amount of $813 resulting in a recognized gain on $1,710. Provided below are the key areas of the financials that constitute the discontinued operations:
|  | December 31, 2022 |  |  | September 30, 2022 |
ASSETS |  |  |  |  |  |
Current assets |  |  |  |  |  |
Accounts receivable, net |  | $ | 1,716 |  |  | $ | 2,813 |
Inventory |  |  | 4,400 |  |  |  | 4,400 |
Prepaid expense and other current assets |  |  | 331 |  |  |  | 213 |
Total current assets held for sale |  | $ | 6,447 |  |  | $ | 7,426 |
Property and equipment, net |  |  | 11 |  |  |  | 11 |
Operating lease right of use asset |  |  | 623 |  |  |  | 665 |
Intangible assets, net |  |  | — |  |  |  | 869 |
Long-term assets held for sale |  | $ | 634 |  |  | $ | 1,545 |
Total assets held for sale |  | $ | 7,081 |  |  | $ | 8,971 |
LIABILITIES |  |  |  |  |  |
Current liabilities |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 601 |  |  | $ | 919 |
Contract liabilities |  |  | 63 |  |  |  | 117 |
Operating lease liability |  |  | 166 |  |  |  | 163 |
Total current liabilities held for sale |  |  | 830 |  |  |  | 1,199 |
Long-term liabilities |  |  |  |  |  |
Operating lease liability, net of current portion |  |  | 469 |  |  |  | 512 |
Total liabilities held for sale |  | $ | 1,299 |  |  | $ | 1,711 |
|  | For the three months ended |
|  | December 31, 2022 |  |  | December 31, 2021 |
Revenues, net |  |  |  |  |  |
Energy hardware, software and services revenue |  | $ | 101 |  |  | $ | 4,118 |
Total revenues, net |  |  | 101 |  |  |  | 4,118 |
Costs and expenses |  |  |  |  |  |
Cost of revenues (exclusive of depreciation and amortization shown below) |  |  | 48 |  |  |  | 3,074 |
Professional fees |  |  | — |  |  |  | 73 |
Payroll expenses |  |  | 274 |  |  |  | 1,556 |
General and administrative expenses |  |  | 31 |  |  |  | 304 |
Depreciation and amortization |  |  | — |  |  |  | 270 |
Total costs and expenses |  |  | 353 |  |  |  | 5,277 |
Loss from operations |  | $ | (252 | ) |  | $ | (1,159 | )
Other income (expense) |  |  |  |  |  |
Gain on disposal of assets |  |  | 1,710 |  |  |  | — |
Interest (expense) income |  |  | (1 | ) |  |  | 1 |
Total other income (expense) |  |  | 1,709 |  |  |  | 1 |
Income (loss) before income tax (expense) or benefit |  |  | 1,457 |  |  |  | (1,158 | )
Income tax (expense) or benefit |  |  | — |  |  |  | — |
Net income (loss) attributable to common shareholders |  | $ | 1,457 |  |  | $ | (1,158 | )

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- 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
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