Intangible Assets (Tables)

6 Months Ended

Mar. 31, 2022

Intangible Assets [Abstract]

Schedule of intangible assets

	Useful Life	March 31, 2022			September 30, 2021
Licenses and banking infrastructure (1)	10 Years	$	-		$	14,085,402
Trade names	3 Years		784,246			-
Regulatory licenses	3 Years		138,751			-
Technology	5 Years		10,300,774			-
Software	3 Years		11,237			-
			11,235,008			14,085,402
Less: accumulated amortization			(1,974,120	)		(469,286	)
		$	9,260,888		$	13,616,116

(1) In February 2022, a third party valuation report in connection with the acquisition of Match was completed. As a result, the Company adjusted the previous estimated allocation to reflect the results of the third party valuation. The Company decreased its cost of intangible assets of $2,861,631 and adjusted the estimated useful life of trade names and regulatory licenses from 10 years to 3 years and the estimated useful life of technology from 10 years to 5 years. This change in accounting estimate was effective in the first quarter of fiscal year 2022.

Schedule of amortization of intangible assets attributable to future periods

For the Twelve-month Period Ending March 31:	Amortization Amount
2023	$	2,371,566
2024		2,371,566
2025		2,114,241
2026		2,060,155
2027 and thereafter		343,360
	$	9,260,888