2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents

	June 30, 2022		September 30, 2021
Cash and cash equivalents, excluding restricted cash	$	2,661,682	$	14,571,198
Restricted cash - construction escrow account		—		3,469,129
Cash and cash equivalents, including restricted cash	$	2,661,682	$	18,040,327

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable

Accounts receivable, net consists of the following:

	June 30, 2022			September 30, 2021
Accounts Receivable, gross	$	320,133		$	307,067
Other receivables		1,248			—
Provision for doubtful allowances		(218,600	)		—
Total Accounts Receivable, net	$	102,781		$	307,067

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of earnings per share, basic and diluted

	For the Three Months Ended June 30,						For the Nine Months Ended June 30,
	2022			2021			2022			2021
Continuing Operations
Numerator
Income (loss) from continuing operations	$	(16,236,076	)	$	(14,074,995	)	$	1,064,790		$	(9,477,358	)
Preferred stock dividends		—			—			335,439			177,505
Income (loss) from continuing operations attributable to common shareholders		(16,236,076	)		(14,074,995	)		729,351			(9,654,863	)
Denominator
Weighted- average common shares outstanding,    basic		41,277,090			34,014,221			41,010,826			27,355,111
Dilutive impact of stock options and other share-based awards		—			—			81,202			—
Weighted- average common shares outstanding,    diluted		41,277,090			34,014,221			41,092,028			27,355,111
Income (loss) from continuing operations per common share attributable to common shareholders
Basic	$	(0.39	)	$	(0.41	)	$	0.02		$	(0.35	)
Diluted	$	(0.39	)	$	(0.41	)	$	0.02		$	(0.35	)
Discontinued Operations
Numerator
Loss on discontinued operations		(13,104,147	)		(2,602,132	)		(16,089,993	)		(6,967,261	)
Denominator
Weighted- average common shares outstanding,    basic		41,277,090			34,014,221			41,010,826			27,355,111
Dilutive impact of stock options and other share-based awards		—			—			81,202			—
Weighted- average common shares outstanding,    diluted		41,277,090			34,014,221			41,092,028			27,355,111
Loss on discontinued operations per common share attributable to common shareholders
Basic	$	(0.32	)	$	(0.08	)	$	(0.39	)	$	(0.25	)
Diluted	$	(0.32	)	$	(0.08	)	$	(0.39	)	$	(0.25	)

2. SUMMARY OF SIGNIFICANT ACCOUNTING ACCOUNTING POLICIES - Useful Life of Property and Equipment

Depreciation is calculated on a straight-line basis over the estimated useful life of the asset as follows:

	Useful Life (years)
Building	30
Land improvements	15
Machinery and equipment	1-10
Office equipment	3-7
Miners	3-5
Mining equipment	3-15
Leasehold improvements	Shorter of estimated lease term or 15 years
Infrastructure asset	Shorter of estimated lease term or 5 years
Furniture and fixtures	1-5

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Activities of Digital Currencies

The following table presents the activities of the digital currencies for the nine months ended June 30, 2022:

	Amount
Balance as on September 30, 2021	$	23,603,210
Addition of digital currencies		104,882,043
Sale of digital currencies		(108,070,207	)
Digital currencies issued for services		(450,948	)
Realized gain on sale of digital currencies, including services		2,026,427
Impairment loss		(11,452,405	)
Balance as on June 30, 2022	$	10,538,120