XML 45 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2018
Income Tax Disclosure [Abstract]  
Schedule of income tax provision (benefit)
    2018     2017  
Federal:                
Current   $ -       -  
Deferred     4,430,000       (4,303,000 )
      4,430,000       (4,303,000 )
State and local:                
Current     -       -  
Deferred     (925,000 )     (376,000 )
      (925,000 )     (376,000 )  
                 
Change in valuation allowance     (3,505,000 )     4,679,000  
                 
Income tax provision (benefit)   $ -       -  
Schedule of effective income tax rate reconciliation
    2018     2017  
             
Statutory federal income tax rate     24.28 %     34.00 %
Statutory state and local income tax rate (1%, as of September 30, 2018 and 2017), net of federal benefit     2.50 %     1.62 %
Stock based compensation     (2.29 %)     (2.65 %)
Other permanent differences     4.24 %     3.42 %
Impact of change in Federal statutory tax rate     (58.71 %)     - %
Change in valuation allowance     29.98 %     (36.39 %)
Effective tax rate     0.00 %     0.00 %
Schedule of components of deferred tax assets
    September 30,  
    2018     2017  
Deferred tax assets (liabilities):                
Stock based compensation   $ 1,947,000     $ 2,836,000  
Depreciation and amortization     339,000       500,000  
Net operating loss carry forward     13,248,000       16,143,000  
Tax credits     944,000       521,000  
Other     69,000       52,000  
Less: valuation allowance     (16,547,000 )     (20,052,000 )
Net deferred tax asset   $ -     $ -