INCOME TAXES

3 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 8 - INCOME TAXES

The provision for income taxes for the three months ended December 31, 2017 and 2016, is as follows:

	December 31, 2017			December 31, 2016
Income tax provision	$	136,400	$	112,400

The Company uses the asset-liability method of computing deferred taxes in accordance with FASB Accounting Standards Codification (ASC) topic 740. The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of the graduated tax rates, state taxes net of federal tax benefit, and non-deductible variable cost of shareholder usage.

As of December 31, 2017, September 30, 2017, and December 31, 2016, the Company’s deferred tax liability was $795,400, $810,600, and $832,300, respectively, Deferred income taxes arise from temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements, which will result in taxable or deductible amounts in the future. The majority of the balance is due to timing differences of depreciation expense, caused by the use of accelerated depreciation methods for tax calculations.