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6. NOTE RECEIVABLE FROM GRIID | 9 Months Ended
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Jun. 30, 2024
Receivables [Abstract] |
NOTE RECEIVABLE FROM GRIID | 6. NOTE RECEIVABLE FROM GRIID On June 26, 2024, concurrent with the GRIID Agreement (see Note 3), the Company entered into the GRIID Credit Agreement, which is a senior secured term loan under which the Company provided a term loan of $55,919 to GRIID, which GRIID is permitted to use solely for certain purposes as set forth in the GRIID Credit Agreement. As of June 30, 2024, GRIID had borrowed $15,000 and subsequent to June 30, 2024, GRIID borrowed the remaining amount of $40,919. Any amounts repaid prior to the maturity date cannot be reborrowed. The maturity date of the term loan is the earlier of (i) June 26, 2025, or (ii) 90 days after the termination of the merger transaction between the Company and GRIID under the GRIID Agreement (other than a termination resulting solely from the breach of the Company). On the maturity date, the principal and any accrued but unpaid interest will be due and payable. The term loan bears interest at a rate of 8.5% per annum. The GRIID Credit Agreement contains customary representations, warranties, covenants, and events of default for a term loan of this type. The GRIID Credit Agreement was amended and restated on August 2, 2024, see Note 18 - Subsequent Events.

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- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
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