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12. FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Sep. 30, 2015
Fair Value Measurements Tables  
Measured at fair value on a recurring basis

 

The table below sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, on the balance sheet at September 30, 2015:

 

   

Quoted Prices in

Active Markets for Identical Assets or

Liabilities (Level 1)

   

Significant

Other

Observable

Inputs (Level 2)

   

Significant

Unobservable

Inputs (Level 3)

    Total  
Derivative Instruments   $ 7,363,555     $ -     $ 6,323,032     $ 13,686,587  
                                 

 

The table below sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the balance sheet at September 30, 2014:

 

   

Quoted Prices in

Active Markets for Identical Assets or

Liabilities (Level 1)

   

Significant

Other

Observable

Inputs (Level 2)

   

Significant

Unobservable

Inputs (Level 3)

    Total  
Derivative Instruments   $ 5,197,352     $  -     $ 307,894     $ 5,505,246  
                                 
Reconciliation of beginning and ending balances related to fair value measurements using significant unobservable inputs (Level 3)
    2015     2014
           
Beginning balance   $ 307,894     $ 433,024  
  Issuances     8,003,220       7,791,448  
  Settlements     -       (1,445,528 )
 Transfers to Level 1     -       (7,321,071 )
 Net realized and unrealized derivative (gain)/loss     (1,988,082 )     850,021  
Ending balance   $ 6,323,032     $ 307,894