Note 9 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Sep. 30, 2018

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

Timberline Resources Corp		2018		2017
Net deferred tax assets:
Exploration costs	$	218,000	$	684,000
Investments in subsidiaries		184,000		282,000
Share-based compensation		1,451,000		2,181,000
Alternative minimum tax credit carryforwards		2,000		2,000
Foreign income tax credit carryforwards		697,000		697,000
Federal and state net operating loss carryforwards		10,579,000		15,097,000
Foreign net operating loss carryforwards		1,736,000		1,736,000
Total deferred tax asset		14,867,000		20,679,000
Valuation allowance		(14,867,000)		(20,679,000)
Net deferred tax asset	$	0	$	0
BH Minerals USA, Inc.
Net deferred tax assets (liabilities):
Property, mineral rights, and equipment	$	(2,282,000)	$	(3,807,000)
Exploration costs		810,000		1,709,000
Federal and state net operating loss carryforwards		3,302,000		5,091,000
Total deferred tax asset		1,830,000		2,993,000
Valuation allowance		(1,830,000)		(2,993,000)
Net deferred tax asset	$	0	$	0