INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2019

INCOME TAXES

Schedule of income tax provision (benefit)

	2019		2018
Federal:
Current	$	—	—
Deferred		(1,658,000)	4,430,000
		(1,658,000)	4,430,000
State and local:
Current		—	—
Deferred		308,000	(925,000)
		308,000	(925,000)
Foreign:
Current		15,000	—
Deferred		—	—
		15,000	—
Change in valuation allowance		1,350,000	(3,505,000)
Income tax provision (benefit)	$	15,000	—

Schedule of effective income tax rate reconciliation

	2019		2018
Statutory federal income tax rate	21.00	%	24.28	%
Statutory state and local income tax rate (1%, as of September 30, 2019 and 2018), net of federal benefit	0.52	%	2.50	%
Stock based compensation	(1.62)	%	(2.29)	%
Other permanent differences	(3.15)	%	4.24	%
Change in deferred tax rate	(2.33)	%	0.00	%
Impact of change in Federal statutory tax rate	0.00	%	(58.71)	%
Change in valuation allowance	(14.42)	%	29.98	%
Effective tax rate	0.00	%	0.00	%

Schedule of components of deferred tax assets

	September 30,
	2019		2018
Deferred tax assets (liabilities):
Stock based compensation	$	1,960,000	$	1,947,000
Depreciation and amortization		277,000		339,000
Net operating loss carry forward		14,091,000		13,248,000
Tax credits		1,171,000		944,000
Other		397,000		69,000
Less: valuation allowance		(17,896,000)		(16,547,000)
Net deferred tax asset	$	—	$	—