Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2020

Schedule of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis

The following table summarizes the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as required by existing guidance and the fair value measurements by level within the fair value hierarchy as of June 30, 2020 and September 30, 2019:


	Fair Value Measurements - June 30, 2020
	Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)




Liabilities:
Natural gas purchases	$	467,303	$	—	$	467,303	$	—
Interest rate swaps	2,349,122		—		2,349,122		—
Total	$	2,816,425	$	—	$	2,816,425	$	—

	Fair Value Measurements - September 30, 2019
	Fair Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)




Liabilities:
Natural gas purchases	$	397,757	$	—	$	397,757	$	—
Interest rate swaps	894,341		—		894,341		—
Total	$	1,292,098	$	—	$	1,292,098	$	—

Summary of the Fair Value of Financial Assets and Liabilities Not Adjusted to Fair Value

The following table summarizes the fair value of the Company’s financial assets and liabilities that are not adjusted to fair value in the financial statements as of June 30, 2020 and September 30, 2019:


	Fair Value Measurements - June 30, 2020
	Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)



Liabilities:


Notes payable	$	113,810,200	$	—	$	—	$	123,331,232
Total	$	113,810,200	$	—	$	—	$	123,331,232

	Fair Value Measurements - September 30, 2019
	Carrying Value		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)



Liabilities:

Notes payable	$	95,512,200	$	—	$	—	$	100,900,952
Total	$	95,512,200	$	—	$	—	$	100,900,952