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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income (loss) $ 232,510 $ (7,731,352)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock based compensation 5,199,658 910,200
Unrealized gain on equity security (269,500) (158,868)
Realized gain on sale of digital currency (635,627)
Amortization of operating lease right of use asset 166,460 21,726
Depreciation and amortization 3,226,263 1,381,069
Provision for bad debts 231,932
Gain on derivative asset (7,380,135) (824,891)
PPP loan forgiveness (531,169)
Amortization of debt discount 3,000,959
Changes in operating assets and liabilities    
(Increase) decrease in prepaid expenses and other current assets (1,130,741) 618,614
Decrease in contract assets 4,103 52,795
Increase in contract liabilities 487,779 90,840
Decrease (increase) in accounts receivable 114,285 (588,229)
(Decrease) increase in accounts payable (2,890,270) 2,052,295
Increase in digital currency from mining (7,449,202)
Decrease in lease liability (268,861) (21,247)
Increase in inventory (793,945)
Increase (decrease) in due to related parties (66,966)
Net cash used in operating activities (11,686,460) (1,263,055)
Cash Flows from investing    
Increase in deposits on mining equipment and related assets (45,488,258)
Sale of digital currencies 2,422,282
Investment in infrastructure development (2,830,560)
Purchase of property and equipment (9,058,011) (24,910)
Acquisition of ATL Data Center, net of cash received 45,783
Acquisition of p2KLabs, net of cash received (1,141,990)
Acquisition of Solar Watt Solutions, net of cash received (1,000,337)
Investment in capitalized software (84,925)
Investment in debt and equity securities (750,000)
Net cash used in investing activities (55,909,101) (2,001,825)
Cash Flows from Financing Activities    
Payments on promissory notes (5,865,476) (67,467)
Proceeds from exercise of options and warrants 3,346,559
Proceeds from underwritten offerings 224,262,818
Net cash received/(provided) by financing activities 221,743,901 (67,467)
Net increase (decrease) in cash and cash equivalents 154,148,340 (3,332,347)
Cash and cash equivalents, beginning of period 3,126,202 7,838,857
Cash and cash equivalents, end of period 157,274,542 4,506,510
Supplemental disclosure of cash flow information    
Cash paid for interest 31,846 7,606
Cash paid for tax
Non-cash investing and financing transactions    
Day one recognition of right of use asset and liability 85,280
Shares issued for conversion of debt 998
Shares and options issued for business acquisition 34,430,055 533,935
Shares issued as collateral returned to treasury 30
Preferred stock dividends accrued 177,505
Cashless exercise of options/warrants $ 74