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5. INVESTMENTS (Tables)
12 Months Ended
Sep. 30, 2022
Schedule of Investments [Abstract]  
Summary of Reconciliation of carrying value of all investments

Refer the table below for a reconciliation of carrying value of all investments for the year ended September 30, 2022 and 2021:

 

 

 

ILAL
Debt
Securities

 

 

ILAL
Derivative
Asset

 

 

ILAL
Equity
Securities

 

 

Law
Clerk
Equity
Securities

 

Balance as of September 30, 2020

 

$

500,000

 

 

$

2,115,273

 

 

$

210,000

 

 

$

250,000

 

Shares sold during the year

 

 

 

 

 

 

 

 

(373,121

)

 

 

 

Realized gain on fair value recognized in other income (expense)

 

 

 

 

 

 

 

 

179,046

 

 

 

 

Unrealized gain (loss) recognized in other income (expense)

 

 

 

 

 

2,790,387

 

 

 

(5,153

)

 

 

 

Unrealized loss on fair value recognized in Other comprehensive income

 

 

(5,392

)

 

 

 

 

 

-

 

 

 

 

Balance as of September 30, 2021

 

$

494,608

 

 

$

4,905,660

 

 

$

10,772

 

 

$

250,000

 

Shares sold during the year

 

 

 

 

 

 

 

 

(9,590

)

 

 

 

Realized gain on fair value recognized in other income (expense)

 

 

 

 

 

 

 

 

665

 

 

 

 

Unrealized loss recognized in other income (expense)

 

 

 

 

 

(1,949,770

)

 

 

(1,847

)

 

 

 

Impairment loss

 

 

 

 

 

 

 

 

 

 

 

(250,000

)

Unrealized gain on fair value recognized in Other comprehensive income

 

 

115,500

 

 

 

 

 

 

-

 

 

 

 

Balance as of September 30, 2022

 

$

610,108

 

 

$

2,955,890

 

 

$

 

 

$