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3. ACQUISITIONS (Tables) | 3 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of MIG Consideration | The Company accounted for this transaction as an acquisition of a business. The fair value of the consideration given to the Sellers in connection with the transaction and the allocation of the purchase price in accordance with ASC 820 were as follows:
($ in thousands) |  | Fair Value |
Cash |  | $ | 22,518 |
Financing provided by seller |  |  | 6,500 |
1,590,175 shares of CLSK common stock |  |  | 4,803 |
Total purchase price |  | $ | 33,821 |
Contingent Consideration |  |  |
Earn-out Shares of CLSK common stock |  |  | 3,325 |
Megawatt earnout (up to $2,000 max) |  |  | 2,000 |
Total contingent consideration |  | $ | 5,325 |
Total purchase sale agreement consideration-Combined |  | $ | 39,146 |
Schedule of MIG Purchase Price Allocation |
($ in thousands) |  | Preliminary Allocation at Acquisition Date |
Right of use lease asset |  | $ | 5,010 |
Lease liability assumed |  |  | (5,100 | )
Building |  |  | 13,654 |
Infrastructure asset |  |  | 4,465 |
Miners |  |  | 12,914 |
Machinery and equipment |  |  | 160 |
Goodwill |  |  | 8,043 |
Total |  | $ | 39,146 |
The contingent purchase price pertaining to the 1,100,890 earn-out shares has been classified as a liability in the Consolidated Balance Sheets in accordance with ASC 480, and accordingly is reported at fair value at the end of each reporting period. As of December 31, 2022, the fair value of this contingent liability was reduced to $2,840 from $3,325 resulting in a change in fair value of contingent consideration of $485 in other income expense in the consolidated statements of operations and comprehensive loss.
Schedule of WAHA and SPRE Consideration | The Company determined the fair value of the consideration given to the Sellers in connection with the transaction and the allocation of the purchase price in accordance with ASC 820 were as follows:
Consideration: ($ in thousands) |  | Fair Value |
Cash |  | $ | 19,772 |
Financing provided by Seller |  |  | 1,962 |
Mortgage assumed |  |  | 2,158 |
Total Consideration |  | $ | 23,892 |
Schedule of WAHA and SPRE Purchase Price Allocation |
Purchase Price Allocation ($ in thousands) |  | Preliminary Allocation at Acquisition Date |
Land |  | $ | 100 |
Building/Improvements |  |  | 14,700 |
Miners |  |  | 9,092 |
Total |  | $ | 23,892 |
Schedule of Unaudited Pro Forma Information Assuming Acquisitions | The following is the unaudited pro forma information assuming the acquisition of Mawson and WAHA occurred on October 1, 2021:
|  | For the Three Months Ended |
($ in thousands, except share and per share) |  | December 31, 2021 |
Net sales from continuing operations |  | $ | 46,137 |
Income from continuing operations |  | $ | 16,662 |
Income from continuing operations per common share - basic |  | $ | 0.41 |
Weighted average common shares outstanding – basic |  |  | 40,279,938 |
Income from continuing operations per common share - diluted |  | $ | 0.41 |
Weighted average common shares outstanding – diluted |  |  | 40,485,761 |

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