Discontinued Operations, Assets and Liabilities Held for Sale (Tables)

12 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations of Assets and Liabilities

The following table presents the assets and liabilities associated with the discontinued operations of the Company. (in thousands):

	September 30,		September 30,
	2023		2022
ASSETS
Current assets
Accounts receivable, net of allowance for doubtful accounts	$	158	$	313
Note receivable		166		-
Inventory		894		2,675
Prepaid expenses and other current assets		360		513
Total current assets		1,578		3,501
Property and equipment, net		2,321		9,089
Deposits and other assets		13		13
Right of use asset		6,039		6,874
Intangible assets, net		284		8,014
Goodwill		-		1,522
Total assets	$	10,235	$	29,013
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses		623		1,043
Convertible notes, net		-		404
Current maturities of long-term debt		400		1,000
Short term notes and advances		6		13
Lease liability		430		580
Total current liabilities		1,459		3,040
Lease liability - long term		7,523		6,476
Long-term debt, mortgages		675		1,225
Total liabilities	$	9,657	$	10,741

The total assets and total liabilities in the above table for the year ended September 30, 2023, are presented in the balance sheet as of September 30, 2023, as Assets held for sale and Liabilities held for sale.

The following table presents the revenue and expenses associated with the discontinued operations of the Company. (in thousands):

	Year Ended September 30,
	2023			2022
Revenues	$	14,158		$	16,563
Cost of goods sold		12,126			14,440
Gross Profit		2,032			2,123
Operating expenses:
Consulting fees		-			2
Professional fees		68			87
General and administrative		5,521			7,700
Impairment expense		6,832			8,132
Total operating expenses		12,421			15,921
Loss from operations		(10,389	)		(13,798	)
Other income (expenses)
Foreign currency exchange gain (loss)		61			(4	)
Loss from disposal of subsidiary		(3,911	)		(914	)
Total other income (expense)		(3,850	)		(918	)
Net loss	$	(14,239	)	$	(14,716	)