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10. INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2019
Income Tax Disclosure [Abstract]  
Schedule of income tax provision

The Company’s provision (benefit) for income taxes consists of the following United States federal and state, and foreign components:

 

   For the Fiscal Years Ended 
   September 30, 
   2019   2018 
Current:        
      Federal  $(4,162)  $ 
      State        
      Foreign        
           
 Deferred:          
      Federal   (713,066)   1,602,329 
      State   (127,140)   152,603 
      Foreign   (45,471)   9,234 
    (889,839)   1,764,166 
Change in valuation allowance   885,677    (2,511,318)
Income tax benefit  $(4,162)  $(747,152)
Schedule of deferred income taxes

The Company’s deferred tax assets and liabilities are comprised of the following:

 

   September 30, 
   2019   2018 
 Deferred tax assets:          
Net operating losses  $2,310,746   $1,919,260 
Capital loss carryforwards   38,120    36,705 
Share-based compensation   168,462    114,317 
Alternative minimum tax credit   9,165    99,757 
Excess tax over book basis in inventory   32,273    25,975 
Reserves and other   534,444    28,938 
Deferred rent   19,291     
Accrued compensation   8,832     
Accrued expenses   151,444     
Depreciation   27,272     
Charitable contributions   813     
    3,300,862    2,224,952 
Valuation allowance   (2,665,672)   (1,602,725)
Net deferred tax assets   635,190    622,227 
           
Deferred tax liabilities:          
Prepaid insurance   (140,951)   (15,960)
Intangible assets   (298,280)   (324,572)
481 Election (IPS)   (195,959)   (248,570)
Excess book over tax basis in fixed assets       (33,125)
    (635,190)   (622,227)
           
Total  $   $ 
Reconciliation of effective tax rate

The significant elements contributing to the difference between the United States federal statutory tax rate and the Company’s effective tax rate are as follows:

 

   For the Fiscal Years Ended 
   September 30, 
   2019   2018 
US federal statutory rate   21.0%    21.0% 
State tax rate, net of federal benefit   2.8%    2.8% 
Share-based compensation   0.0%    (2.2%)
Foreign rate differential   1.4%    0.5% 
Other   1.9%    2.6% 
Change in tax credits   (0.1%)   0.0% 
Effect of federal tax rate change   0.0%    208.2% 
Effect of repatriating Swiss earnings   0.0%    16.2% 
Capital loss - expiration   0.0%    30.0% 
Change in valuation allowance   (26.6%)   (397.2%)
Federal Alternative Minimum Taxes (AMT)   0.1%    0.0% 
Permanent differences   (0.4%)   0.0% 
           
Income tax benefit   0.1%    (118.2%)