v3.26.1
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2025
INCOME TAXES  
Schedule of income tax provision (benefit)

  ​ ​ ​

2025

  ​ ​ ​

2024

Federal:

Current

$

$

Deferred

 

(2,198,000)

5,874,000

 

(2,198,000)

5,874,000

State and local:

 

Current

 

Deferred

 

(133,115)

417,000

 

(133,115)

417,000

Foreign:

Current

Deferred

(724,000)

(11,000)

 

(724,000)

(11,000)

Change in valuation allowance

 

(2,371,000)

(6,280,000)

 

Income tax provision (benefit)

$

(684,115)

$

Schedule of effective income tax rate reconciliation

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Statutory federal income tax rate

 

21.00

%  

21.00

%

Statutory state and local income tax rate (1%, as of September 30, 2025 and 2024), net of federal benefit

 

2.77

%  

10.19

%

Stock based compensation

 

(3.98)

%

2.04

%

Permanent differences related to warrants

0.42

%

20.33

%

Other permanent differences

 

0.19

%  

(2.49)

%

Federal R&D Credit

1.03

%  

(2.43)

%

Adjustment for prior year’s NOLs

(1.04)

%

(137.65)

%

Change in deferred tax rate

 

(1.18)

%

(0.81)

%

Change in valuation allowance

 

(14.91)

%  

89.82

%

Effective tax rate

 

4.30

%  

0.00

%

Schedule of tax effect of these temporary differences representing deferred tax asset and liabilities

  ​ ​ ​

2025

  ​ ​ ​

2024

Deferred tax assets (liabilities):

 

  ​

 

  ​

Net operating loss carryforward

21,340,000

18,463,000

Stock-based compensation

 

499,000

1,309,000

Depreciation and amortization

 

149,000

333,000

Impairment of Intangibles

241,000

222,000

Other

91,000

141,000

Capitalized Research and Development

1,726,000

1,386,000

Lease Liability

 

49,000

200,000

Tax credits

 

3,064,000

2,885,000

Deferred tax assets

27,159,000

24,939,000

Intellectual Property

(684,000)

ROU Asset

(49,000)

(200,000)

Deferred tax (liability)

(49,000)

(884,000)

Less: Valuation allowance

 

(27,110,000)

(24,739,000)

Net Deferred Tax Asset / (Liability)

(684,000)