Income Taxes (Tables)

12 Months Ended

Sep. 30, 2019

Schedule of Deferred Tax Assets and Liabilities

An analysis of the Company's deferred tax assets and liabilities is as follows:



	Year Ended
	September 30,
(amounts in thousands)	2019			2018
Deferred income tax assets:
Net operating loss carry forwards	$	3,926		$	5,005
AMT credit carryforward	183			185
Stock based compensation	140			140
Accrued expenses	1,666			1,202
Other items, net	45			45
Total deferred tax asset	5,960			6,577
Deferred tax liability:
Equipment and intangible assets	(3,615		)	(2,440		)
Net deferred tax asset	$	2,345		$	4,137

Schedule of Significant Components of the Expense From Continuing Operations

The significant components of income tax expense for income taxes from continuing operations are summarized as follows:



	Year Ended
	September 30,
(amounts in thousands)	2019		2018
Current expense	$	379	$	328
Deferred expense	1,792		5,502
Total expense	$	2,171	$	5,830

Schedule of Significant Differences Between the Income Taxes at Federal Statutory Rate and Effective Tax Rate

The following table indicates the significant differences between our income taxes at the federal statutory rate and the Company's effective tax rate for continuing operations:



		Year Ended
		September 30,
(amounts in thousands)	Ref	2019		2018
Federal statutory rate		$	1,574	$	1,861
State taxes, net		407		393
Other permanent items		91		77
Deferred tax estimate adjustment		99		134
Discrete item	(a)	—		3,365
Total		$	2,171	$	5,830

(a): Write-down of deferred tax assets due to change in federal income tax rate from the 2017 Tax Act.