Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Income Taxes

Income taxes consist of the following:

2018	Federal		State			Total
Current income tax expense	$	589,000	$	371,000		$	960,000
Deferred income tax expense	2,293,000		(65,000		)	2,228,000
Total income tax expense	$	2,882,000	$	306,000		$	3,188,000

2017	Federal		State		Total
Current income tax expense	$	1,074,000	$	439,000	$	1,513,000
Deferred income tax expense	$	2,126,000	$	412,000	$	2,538,000
Total income tax expense	$	3,200,000	$	851,000	$	4,051,000

2016	Federal		State			Total
Current income tax expense	$	54,000	$	332,000		$	386,000
Deferred income tax benefit	$	3,012,000	$	(308,000	)	$	2,704,000
Total income tax expense	$	3,066,000	$	24,000		$	3,090,000

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision related to pre-tax income (loss) vary from the federal statutory rate as follows:

	Years Ended September 30,
	2018		2017		2016
Statutory federal rate	(24.3	)%	34.0	%	(34.0	)%
State income taxes, net of federal income tax expense (benefit)	2.5	%	3.4	%	(8.2	)%
Permanent differences for tax purposes	33.1	%	(14.4	)%	35.4	%
Change in rate	28.2	%	—	%	—	%
Write-off of deferred tax asset attributable to change in ownership (see below)	—	%	—	%	128.9	%
Other	(1.2	)%	1.4	%	3.1	%
	38.3	%	24.4	%	125.2	%

Schedule of Components of Net Deferred Tax Assets

Significant components of the Company’s net deferred tax assets in the accompanying financial statements are as follows:

	September 30,
	2018			2017
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	3,673,000		$	6,229,000
Contingent consideration	203,000			123,000
Stock based compensation	938,000			819,000
Accrued expenses	1,031,000			1,404,000
Accounts receivable and other receivables	149,000			216,000
Federal AMT credit carryforward	260,000			261,000
Fixed assets	(186,000		)	(186,000		)
Intangibles	(361,000		)	(486,000		)
Securities	(1,515,000		)	(1,960,000		)
Total deferred tax asset, net	$	4,192,000		$	6,420,000