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DEBT (Tables)

12 Months Ended

Sep. 30, 2021

DEBT

Schedule of indebtedness of short term and long term debt

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​

​

​

​

​

​

​

​

​

​

​

​

​

Net Carrying Value

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​

​

​

​

Unpaid Principal

​

​

​

​

Contractual

Contractual

Type of Debt

Balance

Current

Long-Term

Interest Rate

Maturity

Matured Notes

​

$

5,838,591

​

$

5,838,591

​

$

—

0.00% - 15.00

%

2016 - 2021

Promissory Notes

​

23,831,912

​

23,831,912

​

—

28.00

%

2021 – 2022

Demand Note

​

500,000

​

500,000

​

—

27.00

%

2020

Convertible Unsecured Notes

​

15,932,500

​

15,932,500

​

—

15.00%-20.00

%

2021 - 2022

Real Estate Note

​

283,881

​

36,269

​

247,612

5.00

%

2023

Loan Advances

​

1,122,253

​

1,122,253

​

—

0.00% - 10.00

%

2019 – 2020

Less: Debt Discount

​

(8,060,555)

​

(8,060,555)

​

—

NA

NA

Total Debt

​

$

39,448,582

​

$

39,200,970

​

$

247,612

NA

NA

Scheduled Debt Maturities

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Years Ended September 30,

​

2021

2022

2023

Total

Total Debt

​

$

39,200,970

​

$

—

​

$

247,612

​

$

39,448,582

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net Carrying Value

​

​

​

​

​

Unpaid Principal

​

​

​

​

Contractual

Contractual

Type of Debt

Balance

​

Current

​

Long-Term

Interest Rate

Maturity

Matured Notes

​

$

4,828,450

​

$

4,828,450

​

$

—

0.00% - 15.00

%

2016 - 2019

Promissory Notes

​

25,288,063

​

25,288,063

​

—

0.00% - 28.00

%

2021 – 2022

Demand Note

​

500,000

​

500,000

​

—

27.00

%

2020

Convertible Unsecured Notes

​

1,867,500

​

1,867,500

​

—

20.00

%

2021

Real Estate Note

​

318,384

​

34,503

​

283,881

5.00

%

2023

Loan Advances

​

1,931,017

​

1,931,017

​

—

0.00% - 10.00

%

2019 – 2020

Less: Unamortized Debt Discount

​

(1,401,062)

​

(1,401,062)

​

—

NA

NA

Total Debt

​

$

33,332,352

​

$

33,048,471

​

$

283,881

NA

NA

Schedule of Convertible Notes

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		Convertible			Interest		Default		Maturity		Warrants		Exercise		Exercise
Date of Issuance	​	Note ($)		​	Rate	​	Interest Rate	​	Date	​	(#)	​	Date	​	Price ($)
8/26/2020	​	$	1,000,000	​	15	%	20	%	8/26/2021	​	226,397	​	8/26/2025	​	$	8.84
8/26/2020		​	200,000		15	%	20	%	8/26/2021		45,279		8/26/2025	​	$	8.84
8/26/2020		​	200,000		15	%	20	%	8/26/2021		45,279		8/26/2025	​	$	8.84
8/26/2020		​	100,000		15	%	20	%	8/26/2021		22,640		8/26/2025	​	$	8.84
9/25/2020		​	105,000		15	%	20	%	9/25/2021		29,715		9/25/2025	​	$	8.84
9/25/2020		​	157,500		15	%	20	%	9/25/2021		44,572		9/25/2025	​	$	8.84
9/25/2020		​	105,000		15	%	20	%	9/25/2021		29,715		9/25/2025	​	$	8.84
10/12/2020		​	660,000		15	%	20	%	10/12/2021		203,757		10/12/2025	​	$	8.84
10/12/2020		​	33,000		15	%	20	%	10/12/2021		10,188		10/12/2025	​	$	8.84
10/12/2020		​	27,500		15	%	20	%	10/12/2021		8,490		10/12/2025	​	$	8.84
11/9/2020		​	660,000		15	%	20	%	11/9/2021		203,757		11/9/2025	​	$	8.84
11/9/2020		​	33,000		15	%	20	%	11/9/2021		10,188		11/9/2025	​	$	8.84
11/9/2020		​	27,500		15	%	20	%	11/9/2021		8,490		11/9/2025	​	$	8.84
12/7/2020		​	660,000		15	%	20	%	12/7/2021		203,756		12/7/2025	​	$	8.84
12/7/2020		​	33,000		15	%	20	%	12/7/2021		10,188		12/7/2025	​	$	8.84
12/7/2020		​	27,500		15	%	20	%	12/7/2021		8,490		12/7/2025	​	$	8.84
12/15/2020		​	157,500		15	%	20	%	12/15/2021		44,572		12/15/2025	​	$	8.84
12/15/2020		​	157,500		15	%	20	%	12/15/2021		44,572		12/15/2025	​	$	8.84
1/7/2021		​	660,000		15	%	—		1/7/2022		203,757		1/7/2026	​	$	8.84
1/7/2021		​	33,000		15	%	—		1/7/2022		10,188		1/7/2026	​	$	8.84
1/7/2021		​	27,500		15	%	—		1/7/2022		8,490		1/7/2026	​	$	8.84
1/7/2021		​	—		—		—		—		2,038*		1/7/2026	​	$	8.84
1/7/2021		​	192,500		15	%	—		1/7/2022		59,429		1/7/2026	​	$	8.84
1/7/2021		​	82,500		15	%	—		1/7/2022		25,470		1/7/2026	​	$	8.84
1/7/2021		​	192,500		15	%	—		1/7/2022		59,429		1/7/2026	​	$	8.84
1/7/2021		​	110,000		15	%	—		1/7/2022		33,960		1/7/2026	​	$	8.84
3/10/2021		​	660,000		15	%	—		3/10/2022		203,757		3/10/2026	​	$	8.84
3/10/2021		​	33,000		15	%	—		3/10/2022		10,188		3/10/2026	​	$	8.84
3/10/2021		​	27,500		15	%	—		3/10/2022		8,490		3/10/2026	​	$	8.84
5/7/2021		​	—		—		—		—		82,326**		5/7/2026	​	$	8.84
5/7/2021		​	—		—		—		—		33,316**		5/7/2026	​	$	8.84
5/7/2021		​	—		—		—		—		10,504**		5/7/2026	​	$	8.84
5/7/2021		​	—		—		—		—		19,167**		5/7/2026	​	$	8.84
5/16/2021		​	4,400,000		15	%	20	%	5/16/2022		1,358,112		5/16/2026	​	$	8.84
7/22/2021		​	2,420,000		15	%	20	%	7/22/22		746,961		7/22/2026	​	$	8.84
7/26/2021		​	1,100,000		15	%	20	%	7/26/22		339,528		7/26/2026	​	$	8.84
8/19/2021		​	1,100,000		15	%	20	%	8/19/22		339,528		8/19/2026	​	$	8.84
9/3/2021		​	550,000		15	%	20	%	9/3/22		169,764		9/3/2026	​	$	8.84
Total	​	$	15,932,500		—		—		—		4,924,447		—	​		—

X

- Definition

Tabular disclosure of convertible debt instrument. Includes, but is not limited to, principal amount and amortized premium or discount.

+ References

No definition available.

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- References

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X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123465755&loc=d3e1835-112601

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