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12. LOANS (Tables)
 12 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Loans Outstanding The following table reflects our outstanding loans as of September 30, 2024 and September 30, 2023:

 

 

 

 

 

 

 

Loans Payable Balance, Net
as of September 30,

 

($ in thousands)

 

Maturity Date

 

Rate

 

2024

 

 

2023

 

Coinbase Line of Credit

 

Not specified

 

8.50%

 

$

50,000

 

 

$

—

 

Western Alliance Bank Credit Agreement

 

Aug-29

 

6.75%

 

 

6,839

 

 

 

—

 

Trinity Master Equipment Financing Arrangement

 

Apr-25

 

13.80%

 

 

5,171

 

 

 

11,603

 

Mortgage - Corporate Facility

 

Apr-25

 

10.00%

 

 

1,981

 

 

 

1,950

 

Marquee Funding Partners

 

Aug-26 to Mar-27

 

13.00%

 

 

1,267

 

 

 

1,725

 

Auto & Equipment Loans

 

Jun-26 to Dec-29

 

0.0-11.3%

 

 

699

 

 

 

625

 

Total Loans Payable

 

 

 

 

 

$

65,957

 

 

$

15,903

 

Less: current portion of loans payable

 

 

 

 

 

 

(58,781

)

 

 

(6,992

)

Loans payable, net of current portion

 

 

 

 

 

$

7,176

 

 

$

8,911

 
Schedule of Principal Amount of Loan Maturities Due Over the Years

The following table reflects the principal amount of loan maturities due over the next five years and beyond as of September 30, 2024:

 

($ in thousands)

 

5-Year Loan Maturities

 

Outstanding Loan

 

FY 2025

 

 

FY 2026

 

 

FY 2027

 

 

FY 2028

 

 

FY 2029

 

 

Thereafter

 

 

Total

 

Coinbase Line of Credit

 

$

50,000

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

50,000

 

Western Alliance Bank Credit Agreement

 

 

811

 

 

 

869

 

 

 

930

 

 

 

996

 

 

 

3,327

 

 

 

—

 

 

 

6,933

 

Trinity Master Equipment Financing Arrangement

 

 

5,221

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,221

 

Mortgage - Corporate Facility

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,000

 

Marquee Funding Partners

 

 

521

 

 

 

592

 

 

 

154

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,267

 

Auto & Equipment Loans

 

 

226

 

 

 

218

 

 

 

128

 

 

 

94

 

 

 

29

 

 

 

4

 

 

 

699

 

Total principal amount of loan payments by fiscal year

 

$

58,779

 

 

$

1,679

 

 

$

1,212

 

 

$

1,090

 

 

$

3,356

 

 

$

4

 

 

$

66,120

 

Unamortized deferred financing costs and discounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(163

)

Total loan book value as of September 30, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

65,957