XML 40 R28.htm IDEA: XBRL DOCUMENT v3.20.4
2. SUMMARY OF SIGNIFICANT POLICIES (Tables)
 12 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Useful Life of Property and Equipment
    Useful life
Machinery and equipment     3 - 5 years 
Leasehold improvements     Shorter of estimated lease term or 5 years
Furniture and fixtures     3 - 5 years
SUMMARY OF SIGNIFICANT POLICIES - Fair Value of Financial Instruments
   Amount  Level 1  Level 2  Level 3
Derivative asset  $2,115,269   $—     $—     $2,115,269
Investment in equity security   210,000    210,000    —     $—  
Investment in debt security   500,000    —      —      500,000
Total  $2,825,269   $210,000   $—     $2,615,269
SUMMARY OF SIGNIFICANT POLICIES - Fair Value of Drivative Asset
   Amount
Balance at September 30, 2019  $—  
Fair value at issuance, net of premium   500,000
Gain on derivative asset   2,115,269
Balance at September 30, 2020  $2,615,269