2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Schedule of Accounts Receivable

Accounts receivable, net consists of the following:

($ in thousands)	March 31, 2023			September 30, 2022
Accounts Receivable, gross	$	260		$	247
Provision for doubtful allowances		(213	)		(220	)
Total Accounts Receivable, net	$	47		$	27

Schedule of Earnings Per Share Basic and Diluted

Provided below is the income (loss) per share calculation for the three and six months ended March 31, 2023 and 2022:

	For the Three Months Ended March 31,						For the Six Months Ended March 31,
($ in thousands, except share and per share)	2023			2022			2023			2022
Continuing Operations
Numerator
(Loss) income from continuing operations	$	(18,166	)	$	2,032		$	(48,654	)	$	17,676
Preferred stock dividends		—			20			—			335
(Loss) income from continuing operations attributable to common shareholders	$	(18,166	)	$	2,012		$	(48,654	)	$	17,341
Denominator
Weighted- average common shares outstanding,    basic		80,469,471			41,336,342			73,450,877			40,802,319
Dilutive impact of stock options and other share-based awards		—			58,733			516			58,733
Dilutive impact of contingent shares issued for business acquisition		—			—			580,689			—
Weighted- average common shares outstanding,    diluted		80,469,471			41,395,075			74,032,082			40,861,052
(Loss) income from continuing operations per common share attributable to common shareholders
Basic	$	(0.23	)	$	0.05		$	(0.66	)	$	0.42
Diluted	$	(0.23	)	$	0.05		$	(0.66	)	$	0.42
Discontinued Operations
Numerator
Income (loss) on discontinued operations	$	(294	)	$	(2,203	)	$	1,163		$	(3,361	)
Denominator
Weighted- average common shares outstanding,    basic		80,469,471			41,336,342			73,450,877			40,802,319
Dilutive impact of stock options and other share-based awards		—			58,733			516			58,733
Dilutive impact of contingent shares issued for business acquisition		—			—			580,689			—
Weighted- average common shares outstanding,    diluted		80,469,471			41,395,075			74,032,082			40,861,052
Income (loss) on discontinued operations per common share attributable to common shareholders
Basic	$	(0.00	)	$	(0.05	)	$	0.02		$	(0.08	)
Diluted	$	(0.00	)	$	(0.05	)	$	0.02		$	(0.08	)

Schedule of Estimated Useful Life of Asset

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

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

Schedule of Activities of Digital Currencies

The following table presents the activities of the bitcoin for the six months ended March 31, 2023:

($ in thousands)	Amount
Balance as on September 30, 2022	$	11,147
Addition of bitcoin		70,234
Carrying amount of bitcoin sold		(75,298	)
Bitcoin issued for services		(310	)
Bitcoin issued for software		(229	)
Impairment loss		(277	)
Balance as on March 31, 2023	$	5,267

Schedule of Financial Instruments

The following table presents the Company’s financial instruments that are measured and recorded at fair value on the Company’s balance sheets on a recurring basis, and their level within the fair value hierarchy as of March 31, 2023 and September 30, 2022:

March 31, 2023
($ in thousands)	Amount		Level 1		Level 2		Level 3
Derivative investment asset	$	1,741	$	—	$	—	$	1,741
Investment in debt security		668		—		—		668
Contingent consideration		2,000		2,000		—		—
Total	$	4,409	$	2,000	$	—	$	2,409

September 30, 2022
($ in thousands)	Amount		Level 1		Level 2		Level 3
Derivative investment asset	$	2,956	$	—	$	—	$	2,956
Investment in debt security		610		—		—		610
Total	$	3,566	$	—	$	—	$	3,566