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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Jun. 30, 2023
Accounting Policies [Abstract] |
Schedule of Accounts Receivable | Accounts receivable, net consists of the following:
($ in thousands) |  | June 30, 2023 |  |  | September 30, 2022 |
Accounts Receivable, gross |  | $ | 320 |  |  | $ | 247 |
Provision for doubtful allowances |  |  | (220 | ) |  |  | (220 | )
Total Accounts Receivable, net |  | $ | 100 |  |  | $ | 27 |
Schedule of Earnings Per Share Basic and Diluted | Provided below is the income (loss) per share calculation for the three and nine months ended June 30, 2023 and 2022:
|  | For the Three Months Ended June 30, |  |  | For the Nine Months Ended June 30, |
($ in thousands, except share and per share) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Continuing Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (14,117 | ) |  | $ | (16,611 | ) |  | $ | (62,771 | ) |  | $ | 1,065 |
Preferred stock dividends |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 335 |
(Loss) income from continuing operations attributable to common shareholders |  | $ | (14,117 | ) |  | $ | (16,611 | ) |  | $ | (62,771 | ) |  | $ | 730 |
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 114,844,402 |  |  |  | 41,277,090 |  |  |  | 87,248,719 |  |  |  | 41,010,826 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | — |  |  |  | 2,289 |  |  |  | 81,202 |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |  |  |  | 387,126 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 114,844,402 |  |  |  | 41,277,090 |  |  |  | 87,638,134 |  |  |  | 41,092,028 |
(Loss) income from continuing operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.12 | ) |  | $ | (0.40 | ) |  | $ | (0.72 | ) |  | $ | 0.02 |
Diluted |  | $ | (0.12 | ) |  | $ | (0.40 | ) |  | $ | (0.72 | ) |  | $ | 0.02 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |
Numerator |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) on discontinued operations |  | $ | (102 | ) |  | $ | (12,729 | ) |  | $ | 1,061 |  |  | $ | (16,090 | )
Denominator |  |  |  |  |  |  |  |  |  |  |  |
Weighted- average common shares outstanding, basic |  |  | 114,844,402 |  |  |  | 41,277,090 |  |  |  | 87,248,719 |  |  |  | 41,010,826 |
Dilutive impact of stock options and other share-based awards |  |  | — |  |  |  | — |  |  |  | 2,289 |  |  |  | 81,202 |
Dilutive impact of contingent shares issued for business acquisition |  |  | — |  |  |  | — |  |  |  | 387,126 |  |  |  | — |
Weighted- average common shares outstanding, diluted |  |  | 114,844,402 |  |  |  | 41,277,090 |  |  |  | 87,638,134 |  |  |  | 41,092,028 |
Income (loss) on discontinued operations per common share attributable to common shareholders |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.00 | ) |  | $ | (0.31 | ) |  | $ | 0.01 |  |  | $ | (0.39 | )
Diluted |  | $ | (0.00 | ) |  | $ | (0.31 | ) |  | $ | 0.01 |  |  | $ | (0.39 | )
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 nine months ended June 30, 2023:
($ in thousands) |  | Amount |
Balance as on September 30, 2022 |  | $ | 11,147 |
Addition of bitcoin |  |  | 115,661 |
Carrying amount of bitcoin sold |  |  | (111,127 | )
Bitcoin issued for services |  |  | (510 | )
Bitcoin issued for software |  |  | (229 | )
Impairment loss |  |  | (1,017 | )
Balance as on June 30, 2023 |  | $ | 13,925 |
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 June 30, 2023 and September 30, 2022:
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
($ in thousands) |  | Amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Derivative investment asset |  | $ | 1,846 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,846 |
Investment in debt security |  |  | 696 |  |  |  | — |  |  |  | — |  |  |  | 696 |
Total |  | $ | 2,542 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,542 |
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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