INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2022

INCOME TAXES

Schedule of income tax provision (benefit)

	2022		2021
Federal:
Current	$	—	$	—
Deferred		(2,781,000)		(1,423,000)
		(2,781,000)		(1,423,000)
State and local:
Current		—		—
Deferred		(852,000)		(26,000)
		(852,000)		(26,000)
Foreign:
Current		—		—
Deferred		11,000		18,000
		—		—
Change in valuation allowance		3,622,000		1,431,000
Income tax provision (benefit)	$	—	$	—

Schedule of effective income tax rate reconciliation

	2022		2021
Statutory federal income tax rate	21.00	%	21.00	%
Statutory state and local income tax rate (1%, as of September 30, 2021 and 2020), net of federal benefit	6.20	%	1.52	%
Stock based compensation	(5.01)	%	(11.54)	%
Permanent differences related to warrants	14.60	%	—	%
Other permanent differences	1.70	%	(0.56)	%
Federal R&D Credit	3.83	%	—	%
Change in deferred tax rate	1.56	%	(0.41)	%
Change in valuation allowance	(43.88)	%	(10.01)	%
Effective tax rate	0.00	%	0.00	%

Schedule of components of deferred tax assets

	September 30,
	2022		2021
Deferred tax assets (liabilities):
Stock based compensation	$	847,000	$	650,000
Depreciation and amortization		113,000		247,000
Net operating loss carry forward		22,872,000		20,115,000
Impairment of intangibles		205,000		187,000
Tax credits		2,055,000		1,566,000
Other		397,000		99,000
Less: valuation allowance		(26,489,000)		(22,864,000)
Net deferred tax asset	$	—	$	—