Quarterly report pursuant to Section 13 or 15(d)

Fair Value (Tables)

v3.21.2
Fair Value (Tables)
9 Months Ended
Jun. 30, 2021
Fair Value  
Schedule of fair value hierarchy for its warrant liabilities measured at fair value

    

Fair Value Measurements 

as of June 30, 2021

    

(Level 1)

    

(Level 2)

    

(Level 3)

    

Total

Liabilities

  

 

  

 

  

 

  

Warrant liabilities

$

13,895

$

13,895

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 June 30, 

    

2021

    

2020

Remaining contractual term (years)

 

0.5 - 0.8

1.5 - 1.8

Common stock price volatility

 

69.3% - 72.3%

87.9% - 89.8%*

Risk-free interest rate

 

0.07%

0.16%

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

Change in fair value

(215,547)

Fair value as of June 30, 2021

$

13,895

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

Change in fair value

285,284

Fair value as of June 30, 2020

$

1,405,817