• Filing Date: 2019-02-14
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
D. FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Measured at fair value on a recurring basis

The table below sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the condensed balance sheet at December 31, 2018:

 

   

Quoted Prices in Active Markets for Identical Assets or Liabilities

 (Level 1)

   

Significant Other Observable Inputs

 (Level 2)

   

Significant Unobservable Inputs

 (Level 3)

    Total  
                         
Derivative instruments   $ -     $ -     $ 3,760,758     $ 3,760,758  

 

The table below sets forth the assets and liabilities measured at fair value on a recurring basis, by input level, in the condensed balance sheet at September 30, 2018:

 

   

Quoted Prices in Active Markets for Identical Assets or Liabilities

(Level 1)

   

Significant Other Observable Inputs

(Level 2)

   

Significant Unobservable Inputs

(Level 3)

    Total  
                         
Derivative instruments   $ 33     $ -     $ 9,317,031     $ 9,317,064  
Reconciliation of beginning and ending balances related to fair value measurements using significant unobservable inputs (Level 3)
    3 months ended     12 months ended  
   

December 31,

2018

   

September 30,

2018

 
             
Beginning balance   $ 9,317,031     $ 2,020,629  
Issuances     -       -  
Exercises     -       (595,780 )
Realized and unrealized (gains) and losses     (5,556,273 )     7,892,182  
Ending balance   $ 3,760,758     $ 9,317,031