Annual report pursuant to Section 13 and 15(d)

DERIVATIVE LIABILITIES (Tables)

v3.21.2
DERIVATIVE LIABILITIES (Tables)
12 Months Ended
Sep. 30, 2021
DERIVATIVE LIABILITIES  
Schedule of fair value measurements

Fair Value Measurements Using Significant Unobservable Inputs – September 30, 2021

(Level 3)

    

Series F

    

Series G

    

Series H

Beginning balance at September 30, 2020

$

1,000,000

$

748,275

$

568,144

 

 

Issuances

 

 

 

 

Adjustments to estimated fair value

 

 

(108,944)

 

 

Ending balance at September 30, 2021

$

1,000,000

$

748,275

$

459,200

Fair Value Measurements Using Significant Unobservable Inputs - September 30, 2020

(Level 3)

Series F

Series G

Series H

Beginning balance at September 30, 2019

$

1,000,000

$

748,275

$

1,247,415

 

  

 

  

 

  

Issuances

 

 

 

 

  

 

  

 

  

Adjustments to estimated fair value

 

 

 

(679,271)

 

  

 

  

 

  

Ending balance at September 30, 2020

$

1,000,000

$

748,275

$

568,144

Schedule of assumptions used to value derivative liabilities

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

 

Series F

Series G

Series H

Closing price per share of common stock

$

0.12

$

0.12

$

0.12

Exercise price per share

$

0.75

$

0.70

$

0.40

Expected volatility

 

90.28

%  

 

87.40

%

 

86.59

%

Risk-free interest rate

 

0.04

%  

 

0.19

%

 

0.41

%

Dividend yield

 

 

 

Remaining expected term of underlying securities (years)

 

0.34

 

1.70

 

2.58

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

 

Series F

 

Series G

 

Series H

Closing price per share of common stock

$

0.17

$

0.17

$

0.17

Exercise price per share

$

0.75

$

0.70

$

0.40

Expected volatility

 

84.17

%  

 

83.31

%  

 

82.24

%

Risk-free interest rate

 

0.13

%  

 

0.15

%  

 

0.22

%

Dividend yield

 

 

 

Remaining expected term of underlying securities (years)

 

1.35

 

2.71

 

3.60