INCOME TAXES

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

INCOME TAXES

NOTE 8.INCOME TAXES

Our effective tax rates were approximately 7.92% and 8.79% for the six months ended March 31, 2012 and 2011, respectively. Our effective tax rate was lower than the U.S. federal statutory rate due to differences in the tax basis for several items in our income statements, and the Company records a valuation allowance against deferred tax assets created by net operating loss carry-forwards available to offset current and future taxable income.