Quarterly report pursuant to Section 13 or 15(d)

2019 REGISTERED DIRECT OFFERING (Tables)

v3.21.1
2019 REGISTERED DIRECT OFFERING (Tables) - Registered Direct Offering 2019 [Member]
6 Months Ended
Mar. 31, 2021
Schedule of fair value measurements

 

 

 

 

 

 

 

Fair Value Measurements Using Significant Unobservable Inputs

    

March 31, 

    

September 30, 

(Level 3)

 

2021

 

2020

Beginning balance at September 30, 2020 and 2019

 

$

568,144

 

$

1,247,415

 

 

 

 

 

 

 

Issuances

 

 

 

 

 —

 

 

 

 

 

 

 

Adjustments to estimated fair value

 

 

(108,944)

 

 

(679,271)

 

 

 

 

 

 

 

Ending balance at March 31, 2021 and September 30, 2020

 

$

459,200

 

$

568,144

 

Schedule of assumptions used to value derivative liabilities

The derivative liabilities were valued as of March 31, 2021 and September 30, 2020 using the Black Scholes Model with the following assumptions:

 

 

 

 

 

 

 

 

 

 

    

March 31, 

    

September 30, 

    

 

 

2021

 

2020

 

Closing price per share of common stock

 

$

0.15

 

$

0.17

 

Exercise price per share

 

$

0.40

 

$

0.40

 

Expected volatility

 

 

82.93

%

 

82.24

%

Risk-free interest rate

 

 

0.35

%

 

0.22

%

Dividend yield

 

 

 

 

 —

 

Remaining expected term of underlying securities (years)

 

 

3.09

 

 

3.60