7. INVESTMENTS (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Nov. 05, 2019 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Sep. 30, 2023 |
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| Schedule of Investments [Line Items] | ||||
| Investments | $ 2,506 | $ 3,423 | ||
| Investment owned, fair value | 812 | 726 | ||
| Loss on preferred stock other comprehensive income loss | 86 | $ 86 | ||
| Unrealized loss on derivative asset | 1,005 | $ 1,110 | ||
| International Land Alliance | ||||
| Schedule of Investments [Line Items] | ||||
| Investment owned, balance, shares | 1,000 | |||
| Investment owned, face amount | $ 500 | |||
| Debt instrument, convertible, terms of conversion feature | The Series B Preferred Stock accrue cumulative in-kind accruals at a rate of 12% per annum and were redeemable on August 6, 2020. The ILAL Preferred Stock can be converted into common stock at a variable rate (refer to the discussion on embedded derivative assets below). This variable conversion ratio will increase by 10% with the occurrence of certain events. Since the investments were not redeemed on August 6, 2020, they are now redeemable at the Company`s option in cash or into common stock, based on the conversion ratio. The ILAL Preferred Stock is recorded as an available-for-sale ("AFS") debt security and is reported at its estimated fair value as of June 30, 2024. Any change in the fair values of AFS debt securities are reported net of income tax as an element of Other Comprehensive Income. | |||
| Amount | ||||
| Schedule of Investments [Line Items] | ||||
| Derivative assets investment fair value | $ 1,692 | $ 2,697 | ||
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- Definition Derivative assets investment fair value. No definition available.
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- Definition Loss on preferred stocks included in other comprehensive income loss No definition available.
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- Definition Description of conversion terms for debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of investment in security owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of shares of investment owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Nominal or face amount on the investment owned. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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