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4. DISCONTINUED OPERATIONS | 12 Months Ended
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Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 4. DISCONTINUED OPERATIONS In June 2022, the Company determined to make available for sale the asset groups related to its energy segment due to its strategic shift to strictly focus on its bitcoin mining operations. As a result, the energy segment's 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 September 30, 2023 in the Consolidated Balance Sheets. Through September 2023, the Company sold the majority of its software and intellectual property assets related to the energy segment and is in the process of winding-down the remaining assets and liabilities. As of September 30, 2024, the Company has impaired the assets held for sale and reclassified the remaining warranty liability of $546 to continuing operations as it winds down the former energy segment, and such liabilities are recorded within accrued liabilities. The results of operations of this segment, for all periods, are separately reported as “discontinued operations” in the Consolidated Statements of Operations and Comprehensive Loss. Provided below are the key areas of the financials that constitute the discontinued operations:
($ in thousands) |  | September 30, 2023 |
ASSETS |  |  |
Current assets |  |  |
Accounts receivable, net |  | $ | 126 |
Inventory |  |  | 319 |
Total current assets held for sale |  | $ | 445 |
Total assets held for sale |  | $ | 445 |
LIABILITIES |  |  |
Total current liabilities held for sale |  |  | 1,175 |
Total liabilities held for sale |  | $ | 1,175 |
|  | For the twelve months ended |
($in thousands) |  | September 30, 2024 |  |  | September 30, 2023 |  |  | September 30, 2022 |
Total revenues, net |  | $ | — |  |  | $ | 158 |  |  | $ | 9,667 |
Total costs and expenses |  |  | — |  |  |  | 6,071 |  |  |  | 26,901 |
Loss from operations |  | $ | — |  |  | $ | (5,913 | ) |  | $ | (17,234 | )
Other income (expense) |  |  |  |  |  |  |  |  |
Gain on disposal of assets |  |  | — |  |  |  | 1,508 |  |  |  | — |
Interest expense |  |  | — |  |  |  | (24 | ) |  |  | (3 | )
Total other income (expense) |  |  | — |  |  |  | 1,484 |  |  |  | (3 | )
Loss before income tax benefit (expense) |  |  | — |  |  |  | (4,429 | ) |  |  | (17,237 | )
Income tax benefit (expense) |  |  | — |  |  |  | — |  |  |  | — |
Net loss attributable to common shareholders |  | $ | — |  |  | $ | (4,429 | ) |  | $ | (17,237 | )

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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 -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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