Income Taxes	6 Months Ended
Mar. 31, 2019
Income Taxes
Income Taxes	3. Income Taxes During the three and six month periods ended March 31, 2019, income taxes were impacted relative to the prior year period by the Tax Cuts and Jobs Act (“the Tax Act”), which was enacted into law on December 22, 2017. Income tax effects resulting from changes in tax laws are accounted for by the Company in accordance with the authoritative guidance, which requires that these tax effects be recognized in the period in which the law is enacted and the effects are recorded as a component of the provision for income taxes from continuing operations. The Tax Act includes significant changes to the U.S. corporate income tax system which reduces the U.S. federal corporate tax rate from 35.0% to 21.0% as of January 1, 2018. The decrease in the U.S. federal corporate tax rate from 35.0% to 21.0% results in a blended statutory tax rate of 24.5% for the fiscal year ending September 30, 2018. The Tax Act also eliminates for NOLs the previous carryback period of two years and permits an indefinite carryforward period. The income tax expense for the three months ended March 31, 2019 was $7,794 as compared to an income tax expense of $200,705 for the three months ended March 31, 2018. The effective tax rate for the three months ended March 31, 2019 was 3.7% and differs from the statutory tax rate primarily due to net operating loss usage. This loss usage both decreased the deferred tax asset and the valuation allowance. For the three months ended March 31, 2019, the valuation allowance decreased by approximately $84,000. The effective tax rate for the three months ended March 31, 2018 was (18.0%) and differs from the statutory tax rate primarily due to an increase in the valuation allowance of approximately $2,300,000. This change is primarily a result of the tax benefit related to pre-tax losses not being currently realizable in future periods. The income tax expense for the six months ended March 31, 2019 was $7,794 as compared to an income tax expense of $61,819 for the six months ended March 31, 2018. The effective tax rate for the six months ended March 31, 2019 was 2.2% and differs from the statutory tax rate primarily due to net operating loss usage. This loss usage both decreased the deferred tax asset and the valuation allowance. For the six months ended March 31, 2019, the valuation allowance decreased by approximately $246,000. The effective tax rate for the six months ended March 31, 2018 was (2.9%) and differs from the statutory tax rate mostly due to an increase in the valuation allowance of approximately $2,300,000. This change is primarily a result of the tax benefit related to pre-tax losses not being currently realizable in future periods.

3. Income Taxes

During the three and six month periods ended March 31, 2019, income taxes were impacted relative to the prior year period by the Tax Cuts and Jobs Act (“the Tax Act”), which was enacted into law on December 22, 2017. Income tax effects resulting from changes in tax laws are accounted for by the Company in accordance with the authoritative guidance, which requires that these tax effects be recognized in the period in which the law is enacted and the effects are recorded as a component of the provision for income taxes from continuing operations.

The Tax Act includes significant changes to the U.S. corporate income tax system which reduces the U.S. federal corporate tax rate from 35.0% to 21.0% as of January 1, 2018. The decrease in the U.S. federal corporate tax rate from 35.0% to 21.0% results in a blended statutory tax rate of 24.5% for the fiscal year ending September 30, 2018. The Tax Act also eliminates for NOLs the previous carryback period of two years and permits an indefinite carryforward period.

The income tax expense for the three months ended March 31, 2019 was $7,794 as compared to an income tax expense of $200,705 for the three months ended March 31, 2018.

The effective tax rate for the three months ended March 31, 2019 was 3.7% and differs from the statutory tax rate primarily due to net operating loss usage. This loss usage both decreased the deferred tax asset and the valuation allowance. For the three months ended March 31, 2019, the valuation allowance decreased by approximately $84,000.

The effective tax rate for the three months ended March 31, 2018 was (18.0%) and differs from the statutory tax rate primarily due to an increase in the valuation allowance of approximately $2,300,000. This change is primarily a result of the tax benefit related to pre-tax losses not being currently realizable in future periods.

The income tax expense for the six months ended March 31, 2019 was $7,794 as compared to an income tax expense of $61,819 for the six months ended March 31, 2018.

The effective tax rate for the six months ended March 31, 2019 was 2.2% and differs from the statutory tax rate primarily due to net operating loss usage. This loss usage both decreased the deferred tax asset and the valuation allowance. For the six months ended March 31, 2019, the valuation allowance decreased by approximately $246,000.

The effective tax rate for the six months ended March 31, 2018 was (2.9%) and differs from the statutory tax rate mostly due to an increase in the valuation allowance of approximately $2,300,000. This change is primarily a result of the tax benefit related to pre-tax losses not being currently realizable in future periods.