6. FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Table of fair value liability measured on recurring basis

The following table presents the placement in the fair value hierarchy and summarizes the change in fair value of the earn-out consideration for the years ended September 30, 2018 and 2019:

				Fair value measurement at reporting date using
				Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	Balance			(Level 1)		(Level 2)		(Level 3)
September 30, 2017:	$	–		$	–	$	–	$	–
Fair Value at date of acquisition - January 18, 2018		600,000			–		–		600,000
Decrease in fair value of earn-out consideration		(510,000	)		–		–		(510,000	)
September 30, 2018:	$	90,000		$	–	$	–	$	90,000
Increase in fair value of earn-out consideration		260,000			–		–		260,000
September 30, 2019:	$	350,000		$	–	$	–	$	350,000

Fair value assumptions

The fair value of the earn-out consideration will be measured on a recurring basis at each reporting date. The following table provides the unobservable inputs and assumptions used to measure the earn-out consideration at September 30, 2019:

Description	Valuation technique	Unobservable Inputs	Range
Earn-out consideration	Black-Scholes	Volatility	38%
		Risk free interest rate	1.73%
		Expected term, in years	1.164
		Dividend yield	0.00%

Schedule of Cost Method Investments

The following table presents the placement in the fair value hierarchy and summarizes the establishment of fair value of the cost method investment during the year ended September 30, 2019:

			Fair value measurement at reporting date using
			Quoted prices in active markets for identical assets		Significant other observable inputs		Significant unobservable inputs
	Balance		(Level 1)		(Level 2)		(Level 3)
September 30, 2018:	$	–	$	–	$	–	$	–
Common stock - cost method investment		326,941		–		326,941		–
September 30, 2019:	$	326,941	$	–	$	326,941	$	–