Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.21.1
Fair Value (Tables)
6 Months Ended
Mar. 31, 2021
Fair Value  
Schedule of fair value hierarchy for its warrant liabilities measured at fair value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Fair Value Measurements 

 

 

as of March 31, 2021

 

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Liabilities

 

 

  

 

 

  

 

 

  

 

 

  

Warrant liabilities

 

$

 —

 

 

 —

 

 

229,442

 

$

229,442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 March 31, 

 

    

2021

    

2020

Remaining contractual term (years)

 

 0.7 - 1.0

 

 1.7 - 2.0

Common stock price volatility

 

 69.5% - 71.4% 

 

 89.6% - 92.5% 

Risk-free interest rate

 

0.07%

 

0.23%

Expected dividend yield

 

 —

 

 —

 

 

 

 

 

 

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

Change in fair value

 

 

(90,597)

Fair value as of March 31, 2021

 

$

229,442

 

 

 

 

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

Change in fair value

 

 

(69,944)

Fair value as of March 31, 2020

 

$

1,120,533