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10-K - ANNUAL REPORT - American Housing REIT Inc.otgi_10k.htm
EX-32.1 - CERTIFICATION - American Housing REIT Inc.otgi_ex321.htm
EX-31.1 - CERTIFICATION - American Housing REIT Inc.otgi_ex311.htm
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v2.4.0.6
6. Fair Value
12 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
6. Fair Value

 

Note 6.  Fair Value

 

In accordance with FASB ASC820, “Fair Value Measurements and Disclosures,” the following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities as of September 30, 2012:

 

   

Derivative

Liability

 
Balance, October 1, 2011   -  
Fair value of derivative liability at issuance     24,941   
Change in fair value through date of amendment     (755)  
Reclassification to equity     (24,186)  
Balance, September 30, 2012    $ -