INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount of income tax determined by applying the U.S. federal and state income tax rate of 30% to pretax income from continuing operations for the years ended September 30, 2020 and 2019 due to the following:

	9/30/2020			9/30/2019
Book Income	$	(1,421,730	)	$	703,120
Nondeductible Other Expenses		307,780			(642,915	)
Depreciation		-			90
Related party accrual		(1,510	)		-
Valuation Allowance		1,115,460			(60,295	)
Income Tax Expense	$	-		$	-

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Net deferred tax assets consist of the following components as of September 30, 2020 and 2019:

	9/30/2020			9/30/2019
Deferred Tax Assets:
NOL Carryforward	$	5,653,390		$	6,452,745
Capital Loss Carryforward		5,323			-
R&D Carryforward		46,147			46,150
Related Party Accruals		-			2,160

Deferred Tax Liabilities:
Depreciation		-			(10	)

Valuation Allowance		(5,704,860	)		(6,501,045	)
Net Deferred Tax Asset	$	-		$	-