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D. FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Dec. 31, 2016
D. 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, in the condensed balance sheet at December 31, 2016:

 

    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   $ 490,040     $ -     $ 1,292,666     $ 1,782,706  

 

The table below sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the condensed balance sheet at September 30, 2016:

 

    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   $ 3,111,361     $ -     $ 5,283,573     $ 8,394,934  

 

Reconciliation of beginning and ending balances related to fair value measurements using significant unobservable inputs (Level 3)
    3 Months Ended     12 Months Ended  
    December 31, 2016     September 30, 2016  
             
Beginning balance   $ 5,283,573     $ 6,323,032  
Issuances     2,316,084       8,722,073  
Realized and unrealized gains     (6,306,991 )     (9,761,532 )
Ending balance   $ 1,292,666     $ 5,283,573