XML 62 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Sep. 30, 2019
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Summarizes of the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value at

 

Carrying value at

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

September 30,

 

 

 

 

 

 

 

Weighted

 

 

    

2019

    

2019

    

Valuation Technique

    

Unobservable Input

    

Range

    

Average

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Secured Convertible Notes ("Existing Notes")

 

$

102,777

 

$

104,482

 

Monte Carlo simulation

 

Annualized volatility

 

87.22% - 92.66%

 

87.39

%

 

Summary of changes in fair value of the secured convertible notes (Level 3 financial liabilities)

 

 

 

 

 

    

2019

Beginning balance

 

$

3,516,237

Change in fair value included in earnings

 

 

(1,972,955)

Change in fair value for conversion of notes payable

 

 

(1,440,505)

Ending balance

 

$

102,777