Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT (Tables)

v3.20.2
FAIR VALUE MEASUREMENT (Tables)
9 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value on recurring basis

The following table sets forth by level within the fair value hierarchy the Company’s derivative financial instruments that were accounted for at fair value on a recurring basis as of June 30, 2020:

 

Description  

Quoted Prices in

Active Markets for

Identical Assets
(Level 1)

   

Significant Other

Observable Inputs
(Level 2)

   

Significant Other

Unobservable

Inputs
(Level 3)

    Total Fair
Value as of
 
Derivative Financial Instrument   $     $ 2,238,053     $     $ 2,238,053  

 

The change in derivative financial instruments for the nine months ended June 30, 2020 is as follows:

 

September 30, 2019 balance   $ 3,534,456  
New derivative instruments issued     880,462  
Derivative instruments converted/extinguished     (673,473
Change in fair value     (1,503,392 )
June 30, 2020 balance   $ 2,238,053