INCOME TAXES (Tables)

9 Months Ended

Jun. 30, 2022

INCOME TAXES

Schedule of components of income taxes

	Three Months Ended
	June 30, 2022		June 30, 2021
Federal
Current	$	100,000	$	(433,621)
Deferred		408,087		390,724
Total		508,087		(42,897)
State
Current		—		(120,532)
Deferred		143,309		109,585
Total		143,309		(10,947)
Total income tax expense (benefit)	$	651,396	$	(53,844)

	Nine Months Ended
	June 30, 2022		June 30, 2021
Federal
Current	$	100,000	$	(917,344)
Deferred		637,268		559,471
Total		737,268		(357,873)
State
Current		—		(258,738)
Deferred		207,948		157,799
Total		207,948		(100,939)
Total income tax expense (benefit)	$	945,216	$	(458,812)

Schedule of income tax effects to deferred tax assets and liabilities

	June 30,		September 30,
	2022		2021
Deferred tax liabilities
Property and equipment	$	4,980,722	$	4,883,398
Other		2,863		37,582
Total deferred tax liabilities	$	4,983,585	$	4,920,980
Deferred income tax assets
Other	$	314,633	$	358,400
Net operating loss carryforward		1,790,303		2,529,147
Total deferred tax assets	$	2,104,936	$	2,887,547
Total net deferred tax liabilities	$	2,878,649	$	2,033,433