FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Mar. 31, 2022

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		Valuation		Unobservable		Weighted
	March 31, 2022		Technique		Input	Range	Average
Liabilities:
Common Warrants	$	2,567,900		Monte Carlo simulation	Annualized volatility	72.38% - 143.91%	125	%

Schedule of fair value of financial instruments

	Common Warrants
Fair value at issuance February 24, 2022	$	3,350,400
Change in fair value		(782,500)
Fair Value at March 31, 2022	$	2,567,900