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Fair Value of Financial Instruments (Tables)
9 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis
The Company has issued warrants to purchase stock as described above. The liability is classified as a Level 3 expense for all periods.
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
Assumptions used in valuing the warrants as of June 30, 2017 included:
Risk free interest rate
1.55
%
Contractual term
5 years

Dividend yield
%
Expected lives
3.8 years

Expected volatility
143
%
Fair value per warrant
$5.29
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
Change in Level 3 liabilities for the nine months ending June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning Balance
 
Realized/Unrealized
 
Purchases and
 
Ending Balance
 
 
Change in Realized (gains) losses for liabilities held at
 
September 30, 2016
 
(Gains) Losses
 
Settlements
 
June 30, 2017
 
 
June 30, 2017
Warrant issued to acquire common stock
$
204

 
 
$
49

 
 
$

 
 
$
253

 
 
 
$
49