Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2017

Schedule of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following table summarizes the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as required by existing guidance and the fair value measurements by level within the fair value hierarchy as of June 30, 2017 and September 30, 2016:



			Fair Value Measurements - June 30, 2017
	Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Interest rate swap	$	118,606	$	—	$	118,606	$	—
Total	$	118,606	$	—	$	118,606	$	—

Liabilities:
Natural gas purchases	$	1,880,645	$	—	$	1,880,645	$	—
Total	$	1,880,645	$	—	$	1,880,645	$	—

			Fair Value Measurements - September 30, 2016
	Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Natural gas purchases	$	1,052,930	$	—	$	1,052,930	$	—
Total	$	1,052,930	$	—	$	1,052,930	$	—

Summary of the Fair Value of Financial Assets and Liabilities Not Adjusted to Fair Value

The following table summarizes the fair value of the Company’s financial assets and liabilities that are not adjusted to fair value in the financial statements as of June 30, 2017 and September 30, 2016:



			Fair Value Measurements - June 30, 2017
	Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Long-term debt - notes payable	$	42,820,200	$	—	$	—	$	44,295,661
Total	$	42,820,200	$	—	$	—	$	44,295,661

			Fair Value Measurements - September 30, 2016
	Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Liabilities:
Long-term debt - notes payable	$	33,896,200	$	—	$	—	$	36,163,523
Total	$	33,896,200	$	—	$	—	$	36,163,523