Quarterly report pursuant to Section 13 or 15(d)

Organization and Description of Business (Details Narrative)

v3.20.2
Organization and Description of Business (Details Narrative)
3 Months Ended 9 Months Ended
Nov. 12, 2020
USD ($)
shares
Aug. 13, 2020
USD ($)
Integer
$ / shares
Jul. 29, 2020
Integer
May 12, 2020
Integer
May 11, 2020
USD ($)
Integer
Mar. 30, 2020
$ / shares
shares
Dec. 27, 2019
USD ($)
$ / shares
Nov. 15, 2019
shares
Sep. 30, 2019
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
$ / shares
Sep. 30, 2020
USD ($)
Sep. 30, 2019
USD ($)
$ / shares
Jun. 11, 2020
Integer
May 18, 2020
Integer
Dec. 31, 2019
USD ($)
Organization And Description Of Business [Line Items]                                
Common stock, issued during the period, value             $ 474,808     $ 21,985,976 $ 79,817 $ 28,792,982 $ 79,817      
Common stock issued during period, shares | shares               1,058,558                
Common stock price | $ / shares             $ 0.90                  
Miners description                       Subject to the timely payment of the purchase price, Bitmain shall deliver products according to the following schedule: 1,500 Units on or before January 31, 2021; and 1,800 units on or before each of February 28, 2021; March 31, 2021; April 30, 2021, May 31, 2021 and June 30, 2021.        
Payments for purchase of miners                       $ 13,269,670      
Minimum closing bid price, description                       As of April 6, 2020, the Company received notice from the Nasdaq Capital Market (the “Capital Market”) that the Company has failed to maintain a minimum closing bid price of $1.00 per share of its Common Stock over the last consecutive 30 business days based upon the closing bid price for its common stock as required by Rule 5550(a)(2). However, the Rules also provide the Company a compliance period of 180 calendar days in which to regain compliance during which time it must maintain a minimum closing bid price of at least $1.00 per share for a minimum period of 10 consecutive business days, which must be completed by October 5, 2020. On April 20, 2020, the Company received a further notice from the Nasdaq Capital Market that the Company’s time to maintain a minimum closing bid price of at least $1.00 per share for a minimum period of 10 consecutive business days has been extended from October 5, 2020 to December 17, 2020. In August 2020, the Company regained compliance with Rule 5550(a)(2) as the closing bid price has been in excess of $1.00 per share for the requisite time period.        
Accumulated deficit                   (110,821,050)   $ (110,821,050)       $ (105,607,506)
Net loss                   $ (1,994,417) $ (754,407) (5,213,544) (2,365,149)      
Net cash used in operating activities                       $ (3,448,220) $ (2,201,281)      
Subsequent Event [Member]                                
Organization And Description Of Business [Line Items]                                
Common stock issued during period, shares | shares 15,622,638                              
Aggregate purchase price of common stock $ 46,642,057                              
First 20% [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       Twenty percent (20%) of the total purchase price shall be paid as a nonrefundable down payment within forty-eight (48) hours of execution of the agreement.        
Second 20% [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       The Company shall pay the twenty percent (20%) of the total purchase price prior to September 20, 2020.        
10% [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       The Company shall pay the ten percent (10%) of the total purchase price prior to October 10, 2020.        
50% [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       The Company shall pay the remaining fifty percent (50%) of the total purchase price in equal monthly installments due not less than fifty-five (55) days prior to the scheduled delivery of the Product(s).        
First Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the first installment of products to be shipped to the Company in January 2021.        
Second Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the second installment of the products to be shipped to the Company in February 2021.        
Third Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the third installment of the products to be shipped to the Company in March 2021.        
Fourth Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the fourth installment of the products to be shipped to the Company in April 2021.        
Fifth Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the fifth installment of the products to be shipped to the Company in May 2021.        
Sixth Installement [Member]                                
Organization And Description Of Business [Line Items]                                
Description about the payment for miners                       eight-point thirty-three percent (8.33%) no later than 55 days prior to each scheduled delivery period as to the sixth installment of the products to be shipped to the Company in June 2021.        
Miners from MicroBT [Member]                                
Organization And Description Of Business [Line Items]                                
Common stock, issued during the period, value         $ 1,300,000                      
Miners description         The 700 miners produce 80/Th and will generate 56 PH/s (petahash) of hashing power, compared to the Company's current S-9 production of 46 PH/s. These next generation MicroBT ASIC miners are markedly more energy efficient than our existing Bitmain models.                      
Number of miners | Integer     700   700                      
Bitmain S19 Pro Miners [Member]                                
Organization And Description Of Business [Line Items]                                
Miners description     Additionally, 660 of the 1,660 Bitmain S-19 Pro Miners previously purchased were delivered in mid-August. The 1,000 remaining S-19 Pro Miners due to arrive in the 4th quarter will produce an additional 110 PH/s, which when installed will give the Company an aggregate Hashpower of 294 PH/s. These miners produce 110 TH/s and will generate 73 PH/s (petahash) of hashing power, compared to the Company’s S-9 production of 46 PH/s. The Company made the payments of approximately $4.2 million in the second quarter of 2020 and expects 660 of the 1,660 units to take delivery at its Hosting Facility in mid-August, and its hosting partner, Compute North, expects to install them within 48 hours of their arrival. The 1,000 remaining S-19 Pro Miners arrived in the 4th quarter and will produce an additional 110 PH/s increasing the Company to an aggregate Hashpower of 294 PH/s.                        
Number of miners | Integer       660                   500 500  
Antminer S19 Pro ASIC Miners [Member]                                
Organization And Description Of Business [Line Items]                                
Miners description   The purchase price per unit is $2,362.00 ($2,205.63 with a 6.62% discount) for a total purchase price of $24,801,000.00 (with a 6.62% discount for a discounted price of $23,159,173.80). The parties confirm that the total hashrate of the Antminers under this agreement shall not be less than 1,155,000.00TH/s.                            
Number of miners | Integer   10,500                            
Purchase price per unit of miners | $ / shares   $ 2,362                            
Discounted purchase price per unit of miners | $ / shares   $ 2,206                            
Percentage of discount for the purchase of miners   6.62%                            
Payments for purchase of miners   $ 24,801,000                            
Disounted payment for purchase of miners   $ 23,159,174                            
Asset Purchase Agreement [Member]                                
Organization And Description Of Business [Line Items]                                
Common stock, issued during the period, value                 $ 2,233,773              
Common stock issued during period, shares | shares                 1,276,442              
Common stock percent                 19.90%              
SelectGreen Blockchain Ltd [Member]                                
Organization And Description Of Business [Line Items]                                
Common stock, issued during the period, value                 $ 4,086,250              
Common stock issued during period, shares | shares           350,250     2,335,000              
Common stock price | $ / shares           $ 0.49     $ 1.75   $ 1.75   $ 1.75      
Reduction in number of shares issued | shares           2,101,500