Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Dec. 31, 2017
Accounting Policies [Abstract]  
Schedule of fair value measurements

The following table summarizes fair value measurements by level at December 31, 2017 for assets and liabilities measured at fair value on a recurring basis:

 

    Level I   Level II   Level III   Total
Long-term borrowings   $ —       559,700     $ —       559,700  
Schedule of changes in carrying amounts of the debt

The changes in carrying amounts of the debt for the three months ended December 31, 2017 and December 31, 2016 were as follows:

 

    December 31,
2017		   December 31,
2016
Beginning balance   $ —     $ —  
Debt acquired through acquisition     555,000       —  
Accretion of debt discount     4,700       —  
Ending balance   $ 559,700     $ —  
Schedule of expected amortization of the intangible assets

The expected amortization of the intangible assets, as of December 31, 2017, for each of the next five years and thereafter is as follows:

 

      For the fiscal years ending
September 30,		  
2018 (for the remaining nine months)     $ 44,300  
2019       51,700  
2020       29,400  
2021       29,400  
2022       3,500  
Total     $ 158,300