Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Income Taxes

Income taxes consist of the following:

2019	Federal			State			Total
Current income tax expense	$	424,000		$	263,000		$	687,000
Deferred income tax benefit	(145,000		)	(223,000		)	(368,000		)
Total income tax expense	$	279,000		$	40,000		$	319,000

2018	Federal		State			Total
Current income tax expense	$	589,000	$	371,000		$	960,000
Deferred income tax expense (benefit)	$	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

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,
	2019		2018		2017
Statutory federal rate	(21.0	)%	(24.3	)%	34.0	%
State income taxes, net of federal income tax expense (benefit)	1.8	%	2.5	%	3.4	%
Permanent differences for tax purposes	9.2	%	33.1	%	(14.4	)%
Change in rate	9.7	%	28.2	%	—	%
Write-off of deferred tax asset attributable to change in ownership (see below)	67.7	%	—	%	—	%
Other	(3.6	)%	(1.2	)%	1.4	%
	63.8	%	38.3	%	24.4	%

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,
	2019			2018
Deferred tax assets (liabilities):
Net operating loss carryforwards	$	2,967,000		$	3,673,000
Contingent consideration	441,000			203,000
Stock based compensation	1,481,000			938,000
Accrued expenses	1,499,000			1,031,000
Accounts receivable and other receivables	91,000			149,000
Federal AMT credit carryforward	260,000			260,000
Fixed assets	(510,000		)	(186,000		)
Intangibles	(448,000		)	(361,000		)
Securities	(1,221,000		)	(1,515,000		)
Total deferred tax asset, net	$	4,560,000		$	4,192,000