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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Fair Value of Financial Instruments (Tables)
6 Months Ended
Mar. 31, 2020
Accounting Policies [Abstract]  
Fair value of financial instruments
    Amount   Level 1   Level 2   Level 3
Derivative asset    $ 824,891     $ —      $ —       $ 824,891
Investment in equity security     252,000       252,000       —       $ —  
Investment debt security     456,744       —        —         456,744
Total   $ 1,533,635     $ 252,000     $ —       $ 1,281,635
Fair value of derivative asset and investment in debt security
   Amount
Balance at September 30, 2019  $—  
Fair value at issuance, net of premium   456,744
Gain on derivative asset   824,891
Balance at March 31, 2020  $1,281,635