Income Taxes (Tables)

12 Months Ended

Sep. 30, 2023

Income Taxes

Schedule of components of income taxes

	For the Fiscal Year Ended September 30,
	2023		2022		2021
Current provision (benefit):
Federal	$	1,541,726	$	522,473	$	95,818
State		56,288		277,991		9,911
Total current provision (benefit)		1,598,014		800,464		105,729
Deferred provision (benefit)
Federal		28,994		998,585		(754,995)
State		(19,491)		18,782		(438,517)
Total deferred provision (benefit)		9,503		1,017,367		(1,193,511)
Total current and deferred provision (benefit)	$	1,607,517	$	1,817,831	$	(1,087,783)

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

	For the Fiscal Year Ended September 30,
	2023		2022		2021
U.S. Federal statutory tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal benefit	0.4	%	11.8	%	0.6	%
Permanent items	—	%	0.1	%	0.2	%
Research and development tax credits	(0.8)	%	(0.1)	%	(0.6)	%
Valuation allowance	(0.1)	%	(6.4)	%	(47.9)	%
Change in unrecognized tax benefits	0.1	%	(1.5)	%	(0.7)	%
123R cancellations and forfeitures	0.4	%	0.3	%	0.0	%
Other	0.1	%	(0.5)	%	0.0	%
Effective income tax rate	21.1	%	24.7	%	(27.4)	%

Schedule of deferred tax assets and liabilities

	As of September 30,
	2023		2022		2021
	Non Current		Non Current		Non Current
Deferred tax assets:
Reserves and accruals	$	778,805	$	651,321	$	654,624
Research and development credit		—		—		1,327,162
NOL carryforwards -fed/state		980,755		984,004		1,612,043
Depreciation		—		—		—
Stock options		241,598		45,069		41,652
Amortization		520,445		—		—
		2,521,603		1,680,394		3,635,481
Less: Valuation allowance		(977,747)		(981,816)		(1,449,204)
Total deferred tax assets		1,543,856		698,578		2,186,277
Deferred tax liabilities:
Depreciation		(1,087,653)		(652,091)		(1,122,455)
Total deferred tax liabilities		(1,087,653)		(652,091)		(1,122,455)
Net deferred tax asset	$	456,203	$	46,487	$	1,063,822

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

	For the Fiscal Year Ended September 30,
	2023		2022		2021
Balance at beginning of year	$	452,000	$	590,000	$	615,000
Unrecognized tax benefits related to prior years		—		—		—
Unrecognized tax benefits related to current year		8,000		—		7,000
Decrease in unrecognized tax benefits due to the lapse of applicable statute of limitations		—		(138,000)		(32,000)
Balance at end of year	$	460,000	$	452,000	$	590,000