v3.25.2
INCOME TAXES (Tables)
9 Months Ended
Jun. 30, 2025
INCOME TAXES  
Schedule of components of income taxes

Three Months Ended

Nine Months Ended

    

June 30, 2025

    

June 30, 2024

    

June 30, 2025

    

June 30, 2024

Federal

 

  

 

  

 

  

 

  

Current

$

$

4,634,449

$

$

4,909,486

Deferred

 

89,756

 

63,072

 

(1,303,205)

 

320,800

Total

89,756

4,697,521

 

(1,303,205)

 

5,230,286

 

 

 

 

  

State

 

 

 

 

  

Current

58,613

1,324,128

147,788

 

1,402,710

Deferred

 

(10,382)

 

18,021

 

(457,301)

 

91,657

Total

48,231

1,342,149

 

(309,513)

 

1,494,367

Total income tax (benefit) expense

$

137,987

$

6,039,670

$

(1,612,718)

$

6,724,653

Schedule of income tax effects to deferred tax assets and liabilities

    

June 30, 2025

    

September 30, 2024

Deferred tax liabilities

 

  

 

  

Property and equipment

$

9,543,124

$

7,437,645

Other

 

1,621,785

 

1,509,487

Total deferred tax liabilities

$

11,164,909

$

8,947,132

 

 

Deferred income tax assets

 

 

Accruals & Other

$

2,908,231

$

2,325,671

Net operating loss carry forward-Federal

2,830,323

Net operating loss carryforward-States

1,222,123

663,548

Net operating loss valuation allowance-States

(532,975)

(532,975)

Total deferred tax assets

$

6,427,702

$

2,456,244

 

 

Total net deferred tax liabilities

$

4,737,207

$

6,490,888