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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended
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Mar. 31, 2023
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
($ in thousands) |  | March 31, 2023 |  |  | September 30, 2022 |
Accounts Receivable, gross |  | $ | 260 |  |  | $ | 247 |
Provision for doubtful allowances |  |  | (213 | ) |  |  | (220 | )
Total Accounts Receivable, net |  | $ | 47 |  |  | $ | 27 |
Schedule of Earnings Per Share Basic and Diluted | Provided below is the income (loss) per share calculation for the three and six months ended March 31, 2023 and 2022:
|  | For the Three Months Ended March 31, |  |  | For the Six Months Ended March 31, |
($ in thousands, except share and per share) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Continuing Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (18,166 | ) |  | $ | 2,032 |  |  | $ | (48,654 | ) |  | $ | 17,676 |
Preferred stock dividends |  |  | — |  |  |  | 20 |  |  |  | — |  |  |  | 335 |
(Loss) income from continuing operations attributable to common shareholders |  | $ | (18,166 | ) |  | $ | 2,012 |  |  | $ | (48,654 | ) |  | $ | 17,341 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 80,469,471 |  |  |  | 41,336,342 |  |  |  | 73,450,877 |  |  |  | 40,802,319 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | 58,733 |  |  |  | 516 |  |  |  | 58,733 |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |  |  |  | 580,689 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 80,469,471 |  |  |  | 41,395,075 |  |  |  | 74,032,082 |  |  |  | 40,861,052 |
(Loss) income from continuing operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.23 | ) |  | $ | 0.05 |  |  | $ | (0.66 | ) |  | $ | 0.42 |
Diluted |  | $ | (0.23 | ) |  | $ | 0.05 |  |  | $ | (0.66 | ) |  | $ | 0.42 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) on discontinued operations |  | $ | (294 | ) |  | $ | (2,203 | ) |  | $ | 1,163 |  |  | $ | (3,361 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 80,469,471 |  |  |  | 41,336,342 |  |  |  | 73,450,877 |  |  |  | 40,802,319 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | 58,733 |  |  |  | 516 |  |  |  | 58,733 |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |  |  |  | 580,689 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 80,469,471 |  |  |  | 41,395,075 |  |  |  | 74,032,082 |  |  |  | 40,861,052 |
Income (loss) on discontinued operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.00 | ) |  | $ | (0.05 | ) |  | $ | 0.02 |  |  | $ | (0.08 | )
Diluted |  | $ | (0.00 | ) |  | $ | (0.05 | ) |  | $ | 0.02 |  |  | $ | (0.08 | )
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 six months ended March 31, 2023:
($ in thousands) |  | Amount |
Balance as on September 30, 2022 |  | $ | 11,147 |
Addition of bitcoin |  |  | 70,234 |
Carrying amount of bitcoin sold |  |  | (75,298 | )
Bitcoin issued for services |  |  | (310 | )
Bitcoin issued for software |  |  | (229 | )
Impairment loss |  |  | (277 | )
Balance as on March 31, 2023 |  | $ | 5,267 |
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 March 31, 2023 and September 30, 2022:
March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative investment asset |  | $ | 1,741 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,741 |
Investment in debt security |  |  | 668 |  |  |  | — |  |  |  | — |  |  |  | 668 |
Contingent consideration |  |  | 2,000 |  |  |  | 2,000 |  |  |  | — |  |  |  | — |
Total |  | $ | 4,409 |  |  | $ | 2,000 |  |  | $ | — |  |  | $ | 2,409 |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative investment asset |  | $ | 2,956 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,956 |
Investment in debt security |  |  | 610 |  |  |  | — |  |  |  | — |  |  |  | 610 |
Total |  | $ | 3,566 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,566 |

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