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4. DISCONTINUED OPERATIONS | 3 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 4. DISCONTINUED OPERATIONS The Company determined to make available for sale the asset groups related to the 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 December 31, 2023 and September 30, 2023 in the consolidated balance sheets. The Company has since sold the majority of its software and intellectual property assets related to the energy segment and is in the process of selling additional remaining inventory and assets. The results of operations of this segment, for all periods, are separately reported as “discontinued operations” in the consolidated statements of operations and comprehensive income (loss). Provided below are the key areas of the financials that constitute the discontinued operations:
|  | December 31, 2023 |  |  | September 30, 2023 |
|  | (Unaudited) |  |  |  |
ASSETS |  |  |  |  |  |
Current assets |  |  |  |  |  |
Accounts receivable, net |  | $ | 65 |  |  | $ | 126 |
Inventory |  |  | 319 |  |  |  | 319 |
Total current assets held for sale |  | $ | 384 |  |  | $ | 445 |
Total assets held for sale |  | $ | 384 |  |  | $ | 445 |
LIABILITIES |  |  |  |  |  |
Current liabilities |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 706 |  |  | $ | 978 |
Operating lease liability |  |  | — |  |  |  | 197 |
Total current liabilities held for sale |  |  | 706 |  |  |  | 1,175 |
|  | For the three months ended |
|  | December 31, 2023 |  |  | December 31, 2022 |
Energy hardware, software and services revenue |  | $ | — |  |  | $ | 101 |
Costs and expenses |  |  |  |  |  |
Cost of revenues (exclusive of depreciation and amortization shown below) |  |  | — |  |  |  | 48 |
Payroll expenses |  |  | — |  |  |  | 274 |
General and administrative expenses |  |  | — |  |  |  | 31 |
Total costs and expenses |  |  | — |  |  |  | 353 |
Loss from operations |  | $ | — |  |  | $ | (252 | )
Other income (expense) |  |  |  |  |  |
Gain on disposal of assets |  |  | — |  |  |  | 1,710 |
Interest expense |  |  | — |  |  |  | (1 | )
Total other income (expense) |  |  | — |  |  |  | 1,709 |
Income before income tax (expense) benefit |  |  | — |  |  |  | 1,457 |
Income tax benefit (expense) |  |  | — |  |  |  | — |
Net income attributable to common shareholders |  | $ | — |  |  | $ | 1,457 |

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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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