Note 7 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Sep. 30, 2021

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

Timberline Resources Corp.		2021		2020
Net deferred tax assets:
Exploration costs	$	130,000	$	190,000
Investments in subsidiaries		184,000		184,000
Share-based compensation		350,000		1,460,000
Federal and state net operating loss carryforwards		11,752,000		11,408,000
Foreign net operating loss carryforwards		1,803,000		1,736,000
Total deferred tax asset		14,219,000		14,978,000
Valuation allowance		(14,219,000)		(14,978,000)
Net deferred tax asset	$	-	$	-
BH Minerals USA, Inc.
Net deferred tax assets (liabilities):
Property, mineral rights, and equipment	$	(2,261,000)	$	(2,302,000)
Exploration costs		296,000		479,000
Federal and state net operating loss carryforwards		4,425,000		3,871,000
Total deferred tax asset		2,460,000		2,048,000
Valuation allowance		(2,460,000)		(2,048,000)
Net deferred tax asset	$	-	$	-