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Available-for-Sale Securities
12 Months Ended
Sep. 30, 2020
Debt Securities, Available-for-sale [Abstract]  
Available-for-Sale Securities

Note 11. Available-for-Sale Securities

 

The Company owns a non-controlling interest in certain marketable equity securities. This investment is accounted for as available-for-sale. During the year ended September 30, 2019, the Company determined that the loss in value of the available-for-sale securities was considered other than temporary due to the fact that these shares are no longer trading on public markets. As a result, the loss of $10,673 was recognized as an impairment loss in the consolidated statement of operations. Available-for-sale securities is comprised of the following as of September 30, 2020 and 2019

 

    September 30, 2020   September 30, 2019  
Common stock of Biofuels Power Corp. (Initial Cost)   $   $ 35,000  
Cumulative realized loss on available-for-sale securities     (— )   (35,000 )
Unrealized loss on available-for-sale securities          
Available-for-sale securities   $   $