Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.20.4
Fair Value (Tables)
3 Months Ended
Dec. 31, 2020
Fair Value  
Schedule of fair value hierarchy for its warrant liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fair Value Measurements 

 

 

as of December 31, 2020

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Liabilities

 

 

  

 

 

  

 

 

  

 

 

  

Warrant liabilities

 

$

 —

 

 

 —

 

 

320,039

 

$

320,039

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements 

 

 

as of September 30, 2020

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

 Total  

Liabilities

 

 

  

 

 

  

 

 

  

 

 

 

Warrant liabilities

 

$

 —

 

 

 —

 

 

950,151

 

$

950,151

 

Schedule of assumptions were used in determining the fair value of the warrant liabilities

 

 

 

 

 

 

 

As of December 31, 

 

    

2020

    

2019

Remaining contractual term (years)

 

 1 - 1.3

 

 2.0-  2.3

Common stock price volatility

 

73.9%

 

 84.9% - 86.2% 

Risk-free interest rate

 

0.1%

 

1.58% - 1.63%

 

Schedule of change in fair value of the warrant liabilities

 

 

 

 

Fair value as of September 30, 2020

    

$

950,151

Change in fair value

 

 

(630,112)

Fair value as of December 31, 2020

 

$

320,039

 

 

 

 

Fair value as of September 30, 2019

 

$

496,343

Change in fair value

 

 

694,134

Fair value as of December 31, 2019

 

$

1,190,477