2. SUMMARY OF SIGNIFICANT POLICIES (Tables)

9 Months Ended

Jun. 30, 2020

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT POLICIES - Fair Value of Financial Instruments

	Amount		Level 1		Level 2		Level 3
Derivative asset	$	1,544,185	$	—	$	—	$	1,544,185
Investment in equity security		421,500		421,500		—	$	—
Investment in debt security		487,788		—		—		487,788
Total	$	2,453,473	$	421,500	$	—	$	2,031,973

SUMMARY OF SIGNIFICANT POLICIES - Fair Value of Drivative Asset

	Amount
Balance at September 30, 2019	$	—
Fair value at issuance, net of premium		487,788
Gain on derivative asset		1,544,185
Balance at June 30, 2020	$	2,031,973