Income Taxes:

Deferred tax assets (liabilities) are comprised of the following at September 30:

	2015		2014
	Current	Long Term	Current	Long Term
Deferred assets (liabilities):
Tax effect of net operating loss carry-forward	$ 0	$ 2,948	$ 0	$ 2,830
General business credits	0	201	0	0
Partnership/Joint Venture basis differences	0	84	0	194
Deferred revenue	0	88	0	98
Property and equipment basis differences	0	7	0	409
Intangibles basis differences	0	(225)	0	0
Other accrued liability and asset difference	66	332	40	186
Net deferred tax assets	66	3,435	40	3,717
Less valuation allowance*	(66)	(3,435)	(40)	(3,717)
Net deferred tax assets	$ 0	$ 0	$ 0	$ 0

* The valuation allowance decreased by $256,000 during the year ended September 30, 2015.

The Company has net operating loss carry-forwards available for future periods, as discussed below, of approximately $2,272,000 from 2014 and 2015, and $5,430,000 from 2013 and prior for income tax purposes which expire from 2018 through 2035. Based on the change in control, which occurred in 2011, the utilization of the loss carry-forwards incurred for periods prior to 2012 is limited to approximately $160,000 per year. The Company has general business tax credits of $201,000 from 2014 and 2015 which expire from 2034 through 2035.

Total income tax expense for the years ended 2015 and 2014 differed from the amounts computed by applying the U.S. Federal statutory tax rates to pre-tax income as follows:

	2015	2014
Total expense (benefit) computed by applying the U.S. Statutory rate (35%)	$ (277)	$ (242)
State income tax, net of federal tax benefit	(24)	(21)
FICA tax credit	(108)	0
Expiration of net operating loss carry-forward	616	1
Effect of change in valuation allowance	(256)	243
Permanent differences	88	51
Other	(39)	(32

Provision for income taxes	$ 0	$ 0