XML 47 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes: (Tables)
12 Months Ended
Sep. 30, 2015
Income Taxes:  
Schedule of components of income taxes

 

 

 

For the Fiscal Year Ended September 30,

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Current provision (benefit):

 

 

 

 

 

 

 

Federal

 

$

(375,936

)

$

614,729

 

$

432,211

 

State

 

(10,146

)

363

 

(2,731

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current provision (benefit)

 

(386,082

)

615,092

 

429,480

 

 

 

 

 

 

 

 

 

Deferred provision (benefit):

 

 

 

 

 

 

 

Federal

 

2,598,050

 

(857,049

)

(255,154

)

State

 

91,510

 

(41,665

)

(54,484

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deferred provision (benefit)

 

2,689,560

 

(898,714

)

(309,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total current and deferred provision (benefit)

 

$

2,303,478

 

$

(283,622

)

$

119,842

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of reconciliation of the statutory federal rate to the Company's effective income tax rate

 

 

 

For the Fiscal Year Ended September 30,

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

U.S. Federal statutory tax rate

 

34.0 

%

34.0 

%

34.0 

%

State income taxes, net of federal benefit

 

0.0 

%

29.6 

%

(1.3 

)%

Permanent items

 

(2.5 

)%

123.9 

%

(2.9 

)%

Research and development tax credits

 

17.4 

%

190.4 

%

(27.4 

)%

Valuation allowance

 

(111.0 

)%

3.9 

%

(0.8 

)%

Change in unrecognized tax benefits

 

(2.6 

)%

(41.5 

)%

4.4 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective income tax rate

 

(64.7 

)%

340.3 

%

6.0 

%

 

 

 

 

 

 

 

 

 

Schedule of deferred tax assets and liabilities

 

 

 

As of September 30,

 

 

 

2015

 

2014

 

 

 

Current

 

Non Current

 

Current

 

Non Current

 

Deferred tax assets:

 

 

 

 

 

 

 

 

 

Reserves and accruals

 

$

3,181,540

 

$

139,717

 

$

2,880,747

 

$

170,562

 

Research and development credit

 

 

1,472,421

 

396,276

 

208,384

 

NOL carryforwards - state

 

 

1,200,156

 

5,500

 

1,237,553

 

Depreciation

 

 

(741,736

)

 

(795,050

)

Stock options

 

 

678,316

 

 

630,160

 

Other

 

 

897

 

 

4,105

 

 

 

 

 

 

 

 

 

 

 

 

 

3,181,540

 

2,749,771

 

3,282,523

 

1,455,714

 

 

 

 

 

 

 

 

 

 

 

Less: Valuation allowance

 

(2,248,041

)

(3,123,487

)

(37,300

)

(1,398,007

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deferred tax assets

 

933,499

 

(373,716

)

3,245,223

 

57,707

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deferred tax liabilities:

 

 

 

 

 

 

 

 

 

Depreciation

 

 

(133,468

)

 

(132,999

)

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deferred tax liabilities

 

 

(133,468

)

 

(132,999

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net deferred tax asset (liability)

 

$

933,499

 

$

(507,184

)

$

3,245,223

 

$

(75,292

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of reconciliation of beginning and ending balances of total amounts of gross unrecognized tax benefits

 

 

 

For the Fiscal Year Ended September 30,

 

 

 

2015

 

2014

 

2013

 

Balance at beginning of year

 

$

526,000

 

$

492,000

 

$

403,000

 

Unrecognized tax benefits related to prior years

 

 

1,500

 

 

Unrecognized tax benefits related to current year

 

125,000

 

32,500

 

120,000

 

Decrease in unrecognized tax benefits due to the lapse of applicable statute of limitations

 

(36,000

)

 

(31,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at end of year

 

$

615,000

 

$

526,000

 

$

492,000