INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2023

INCOME TAXES

Schedule of income tax provision (benefit)

	2023		2022
Federal:
Current	$	—	$	—
Deferred		(3,249,000)		(2,781,000)
		(3,249,000)		(2,781,000)
State and local:
Current		—		—
Deferred		(1,161,000)		(852,000)
		(1,161,000)		(852,000)
Foreign:
Current		—		—
Deferred		(121,000)		11,000
		—		—
Change in valuation allowance		4,531,000		3,622,000
Income tax provision (benefit)	$	—	$	—

Schedule of effective income tax rate reconciliation

	2022		2022
Statutory federal income tax rate	21.00	%	21.00	%
Statutory state and local income tax rate (1%, as of September 30, 2022 and 2021), net of federal benefit	9.56	%	6.20	%
Stock based compensation	(1.76)	%	(5.01)	%
Permanent differences related to warrants	1.80	%	14.60	%
Other permanent differences	1.97	%	1.70	%
Canada NOL	1.28	%	0.00	%
Federal R&D Credit	9.93	%	3.83	%
Change in deferred tax rate	1.67	%	1.56	%
Change in valuation allowance	(45.45)	%	(43.88)	%
Effective tax rate	0.00	%	0.00	%

Schedule of components of deferred tax assets

	September 30,
	2023		2022
Deferred tax assets (liabilities):
Stock based compensation	$	993,000	$	847,000
Depreciation and amortization		440,000		113,000
Net operating loss carry forward		25,250,000		22,872,000
Impairment of intangibles		227,000		205,000
Capitalized research and development		726,000		—
Lease liability		342,000		—
Tax credits		3,060,000		2,055,000
Other		324,000		397,000
Deferred tax assets		31,362,000		26,489,000
Intellectual property		(684,000)		—
ROU asset		(342,000)		—
		(1,026,000)		—
Less: valuation allowance		(31,020,000)		(26,489,000)
Net deferred tax liability	$	(684,000)	$	—