15. LOAN	9 Months Ended
Jun. 30, 2022
LOAN PAYABLE [Abstract]
LOAN	LOAN On April 22, 2022, the Company entered into a Master Equipment Financing Agreement with Trinity Capital Inc., as the Lender (the “Financing Agreement”). The Financing Agreement provides for up to $35 million of borrowings to finance the Company’s acquisition of blockchain computing equipment. The Company received a loan of $20 million at closing, with the remaining $15 million fundable upon the Company's request, if requested no later than December 31, 2022, subject to certain customary conditions. The loan draws have a term of 36 months from issuance with a monthly rate factor of at least 0.032198 payable monthly on the total cost of the equipment purchased with such borrowing. The Financing Agreement contains standard financial reporting requirements and certain other affirmative obligations, failure of which to comply with could result in an event of default under the Financing Agreement. In such an event, the Lender could exercise certain remedies including, but not limited to, declaring that all amounts outstanding under the Financing Agreement, together with accrued interest, be declared immediately due and payable. The Company received funding of $20 million at close, which included closing costs of $701,624 and security deposit of $643,960. The loan is collateralized with 3,336 S19j Pro miners and carries and effective interest rate of 13.80%. As of June 30, 2022, the Company had a gross balance outstanding of $18,703,448, netted against discount on the loans payable of $365,032. The following is a schedule of the Company's future loan payments and loan balance, net of debt discount, as of June 30, 2022: Fiscal Year Cash Payments Principal Interest Debt Discount Loan Balance, net 2022 (three months remaining) $ 1,931,880 $ 1,296,604 $ 635,276 $ (31,298 ) $ 1,265,306 2023 7,727,520 5,677,314 2,050,206 (124,664 ) 5,552,650 2024 7,727,520 6,508,398 1,219,122 (125,799 ) 6,382,599 2025 5,507,720 5,221,132 286,588 (83,271 ) 5,137,861 2026 - - - - Thereafter - - - - Total $ 22,894,640 $ 18,703,448 $ 4,191,192 $ (365,032 ) $ 18,338,416

15. LOAN

9 Months Ended

Jun. 30, 2022

LOAN On April 22, 2022, the Company entered into a Master Equipment Financing Agreement with Trinity Capital Inc., as the Lender (the “Financing Agreement”). The Financing Agreement provides for up to $35 million of borrowings to finance the Company’s acquisition of blockchain computing equipment. The Company received a loan of $20 million at closing, with the remaining $15 million fundable upon the Company's request, if requested no later than December 31, 2022, subject to certain customary conditions. The loan draws have a term of 36 months from issuance with a monthly rate factor of at least 0.032198 payable monthly on the total cost of the equipment purchased with such borrowing. The Financing Agreement contains standard financial reporting requirements and certain other affirmative obligations, failure of which to comply with could result in an event of default under the Financing Agreement. In such an event, the Lender could exercise certain remedies including, but not limited to, declaring that all amounts outstanding under the Financing Agreement, together with accrued interest, be declared immediately due and payable. The Company received funding of $20 million at close, which included closing costs of $701,624 and security deposit of $643,960. The loan is collateralized with 3,336 S19j Pro miners and carries and effective interest rate of 13.80%. As of June 30, 2022, the Company had a gross balance outstanding of $18,703,448, netted against discount on the loans payable of $365,032. The following is a schedule of the Company's future loan payments and loan balance, net of debt discount, as of June 30, 2022: Fiscal Year Cash Payments Principal Interest Debt Discount Loan Balance, net 2022 (three months remaining) $ 1,931,880 $ 1,296,604 $ 635,276 $ (31,298 ) $ 1,265,306 2023 7,727,520 5,677,314 2,050,206 (124,664 ) 5,552,650 2024 7,727,520 6,508,398 1,219,122 (125,799 ) 6,382,599 2025 5,507,720 5,221,132 286,588 (83,271 ) 5,137,861 2026 - - - - Thereafter - - - - Total $ 22,894,640 $ 18,703,448 $ 4,191,192 $ (365,032 ) $ 18,338,416