INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2021

INCOME TAXES [Abstract]

Income Tax Reconciliation

The reconciliation of income tax computed at the Federal statutory rate to the (benefit) provision for income taxes from continuing operations is as follows (in thousands):

	2021			2020
Federal taxes at statutory rates	$	1,295		$	(468	)
Permanent differences		(600	)		13
State and local taxes, net of Federal benefit		199			(65	)
Other		67			15
Total	$	961		$	(505	)

Provisions (Benefit) for Income Taxes

The provisions (benefit) of income taxes are summarized as follows (in thousands):

	Year Ended September 30,
	2021		2020
Current	$	232	$	68
Deferred		729		(573	)
Total	$	961	$	(505	)

Deferred Tax Assets and Liabilities

The tax effects of temporary differences that gave rise to significant portions of the deferred tax assets and liabilities were as follows (in thousands):

	2021			2020
Deferred tax assets - net operating loss carryforwards	$	508		$	1,218
Lease liability		850			684
Other		(16	)		71
Stock based compensation		360			339
Total deferred tax assets		1,702			2,312
Valuation allowance		—			—
Total deferred tax assets net of valuation allowance		1,702			2,312
Deferred tax liabilities - depreciation and amortization		3,124			3,151
Prepaid expenses		52			52
Right of use asset		825			678
Total deferred tax liabilities		4,001			3,881
Net deferred tax liability	$	(2,299	)	$	(1,569	)

Operating Loss Carryforwards

The Company has net operating loss carryforwards for income tax purposes that expire as follows (in thousands):

2033	$	2,080
2034		1,043
	$	3,123