INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2020

INCOME TAXES

Schedule of components of the Company's deferred tax assets

	2020			2019
NOL carryforwards	$	13,407,000		$	9,698,000
Lease liabilities		3,631,000			-
R&D credit		1,221,000			1,221,000
Stock-based compensation		5,297,000			3,165,000
Capitalized R&D		15,853,000			14,777,000
Vacation and other		125,000			544,000
Total deferred tax assets		39,534,000			29,405,000
Right of use assets		(3,911,000	)		-
Fixed assets and intangibles		(169,000	)		(586,000	)
Total deferred tax liability		(4,080,000	)		(586,000	)
Net deferred tax asset		35,454,000			28,819,000
Valuation allowance		(35,454,000	)		(28,819,000	)
Ending Balance	$	-		$	-

Schedule of federal or state current or deferred tax expense or benefit

	2020			2019
Federal Rate		21.00	%		21.00	%
Federal rate change		(1.40	)		(2.8	)
State tax rate, net of federal benefit		5.15			5.31
Other adjustments		(3.24	)		(4.77	)
Permanent differences		0.42			(0.57	)
Change in valuation allowance		(21.93	)		(18.17	)
Effective tax rate		0.00	%		0.00	%