INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2020

INCOME TAXES

Schedule of income tax provision (benefit)

	2020		2019
Federal:
Current	$	—	$	—
Deferred		(2,914,000)		(1,658,000)
		(2,914,000)		(1,658,000)
State and local:
Current		—		—
Deferred		(591,000)		308,000
		(591,000)		308,000
Foreign:
Current		—		15,000
Deferred		—		—
		—		15,000
Change in valuation allowance		3,505,000		1,350,000
Income tax provision (benefit)	$	—	$	15,000

Schedule of effective income tax rate reconciliation

	2020		2019
Statutory federal income tax rate	21.00	%	21.00	%
Statutory state and local income tax rate (1%, as of September 30, 2019 and 2018), net of federal benefit	2.26	%	0.52	%
Stock based compensation	(1.60)	%	(1.62)	%
Other permanent differences	3.83	%	(3.15)	%
Change in deferred tax rate	1.66	%	(2.33)	%
Change in valuation allowance	(27.15)	%	(14.42)	%
Effective tax rate	0.00	%	0.00	%

Schedule of components of deferred tax assets

	September 30,
	2020		2019
Deferred tax assets (liabilities):
Stock based compensation	$	2,120,000	$	1,960,000
Depreciation and amortization		232,000		277,000
Net operating loss carry forward		17,499,000		14,091,000
Tax credits		1,227,000		1,171,000
Other		355,000		397,000
Less: valuation allowance		(21,433,000)		(17,896,000)
Net deferred tax asset	$	—	$	—