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Shareholders' Equity (Tables)

6 Months Ended

Mar. 31, 2022

Shareholders' Equity

Summary of outstanding warrants

A summary of the status of the Company’s outstanding warrants as of March 31, 2022 and September 30, 2021 and changes during the years then ended are presented below:

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	Weighted
​	​	​	​	Weighted		​	​	​	​	average
​	​	Number	​	average		​	Total		​	remaining
​	​	of	​	exercise		​	intrinsic		​	contractual
​		warrants		price			value			life (in years)
Outstanding as of September 30, 2021		1,612,694	​	$	0.22	​	$	354,793		1.1
Outstanding as of March 31, 2022		1,612,694	​	$	0.20	​	$	—		0.6
Warrants exercisable as of March 31, 2022		1,612,694	​	$	5.00	​	$	—		0.6

Schedule of fair value of the warrants has been estimated using Black-Scholes option pricing model

​

​	​	​	​	​
​	​	For the six	​	For the six
​	​	months ended	​	months ended
​	​	March 31, 2022	​	March 31, 2021
​		(unaudited)		(unaudited)
Exercise price	​	$5 - $5.5	​	$1.15 - $2.00
Stock price	​	$3.25 - $9.75	​	$0.76 - $2.21
Term (in years)	​	0.6 - 1.1	​	1.6 - 2.1
Volatility	​	137%	​	28%
Risk-free interest rate	​	0.09% - 0.69%	​	0.06% - 0.15%
Dividend yield	​	—	​	—

Schedule of noncontrolling interest

The Company’s noncontrolling interest of 3.85%in Forest Food as of September 30, 2021, respectively, consists of the following:

​

​	​	​	​	​	​
​		As of		As of
​	​	March 31,	​	September 30,
Non-controlling interest	​	2022	​	2021
Paid-in capital	​	—	​	$	107,461
Additional paid-in capital	​	—	​		807,953
Foreign currency translation gain (loss) attributed to noncontrolling interest	​	—	​		14,588
Net loss attributed to noncontrolling interest	​	—	​		(13,496)
Total noncontrolling interest	​	—	​	$	916,506

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Tabular disclosure of information pertaining to non controlling interest.

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775

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