FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Dec. 31, 2022

FAIR VALUE OF FINANCIAL INSTRUMENTS

Summary of the significant unobservable inputs in fair value measurement of Level 3 financial assets and liabilities

	Fair value at		Valuation	Unobservable	Weighted
	December 31, 2022		Technique	Input	Average
Liabilities:
Common Warrants	$	2,187,000	Monte Carlo simulation	Annualized volatility	160.00	%
Series A Warrants	$	4,269,000	Monte Carlo simulation	Annualized volatility	160.00	%
Series B Warrants	$	1,321,200	Monte Carlo simulation	Annualized volatility	190.00	%

Schedule of change in fair value of warrants

	Common Warrants			Series A Warrants		Series B Warrants
Fair value at October 1, 2022	$	1,477,000	$	2,883,000	$	779,400
Change in fair value		710,000		1,386,000		541,800
Fair Value at December 31, 2022	$	2,187,000	$	4,269,000		1,321,200