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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2024
Income Taxes  
Schedule of components of income taxes

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Fiscal Year Ended September 30, 

​

    

2024

    

2023

    

2022

Current provision (benefit):

​

​

​

​

​

​

​

​

​

Federal

​

$

2,617,951

​

$

1,541,726

​

$

522,473

State

​

 

371,701

​

 

56,288

​

 

277,991

​

​

​

​

​

​

​

​

​

​

Total current provision (benefit)

​

 

2,989,652

​

 

1,598,014

​

 

800,464

​

​

​

​

​

​

​

​

​

​

Deferred provision (benefit)

​

​

​

​

​

​

​

​

​

Federal

​

 

(881,495)

​

 

28,994

​

 

998,585

State

​

 

(254,977)

​

 

(19,491)

​

 

18,782

​

​

​

​

​

​

​

​

​

​

Total deferred provision (benefit)

​

 

(1,136,472)

​

 

9,503

​

 

1,017,367

​

​

​

​

​

​

​

​

​

​

Total current and deferred provision (benefit)

​

$

1,853,180

​

$

1,607,517

​

$

1,817,831

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

​

​

​

​

​

​

​

​

​

​

​

For the Fiscal Year Ended September 30, 

 

​

    

2024

    

2023

    

2022

 

U.S. Federal statutory tax rate

 

21.0

%  

21.0

%  

21.0

%  

State income taxes, net of federal benefit

 

1.1

%

0.4

%

11.8

%

Permanent items

 

0.1

%

—

%

0.1

%

Research and development tax credits

 

(1.6)

%

(0.8)

%

(0.1)

%

Valuation allowance

 

(0.1)

%

(0.1)

%

(6.4)

%

Change in unrecognized tax benefits

 

0.4

%  

0.1

%  

(1.5)

%  

123R cancellations and forfeitures

​

0.0

%  

0.4

%  

0.3

%  

Other

​

0.0

%  

0.1

%  

(0.5)

%  

Effective income tax rate

 

20.9

%  

21.1

%  

24.7

%  

Schedule of deferred tax assets and liabilities

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​

​

​

​

​

​

​

​

​

​

As of September 30, 

​

​

2024

​

2023

​

​

    

Non Current

    

Non Current

    

Deferred tax assets:

​

​

​

​

​

​

​

Reserves and accruals

​

$

1,233,261

​

$

778,805

​

Research and development credit

​

​

—

​

​

—

​

NOL carryforwards -fed/state

​

​

971,825

​

​

980,755

​

Depreciation

​

​

—

​

​

—

​

Stock options

​

​

375,224

​

​

241,598

​

Amortization

​

​

1,302,165

​

​

520,445

​

​

​

​

3,882,475

​

​

2,521,603

​

Less: Valuation allowance

​

​

(969,784)

​

​

(977,747)

​

Total deferred tax assets

​

​

2,912,691

​

​

1,543,856

​

​

​

​

​

​

​

​

​

Deferred tax liabilities:

​

​

​

​

​

​

​

Depreciation

​

​

(1,287,547)

​

​

(1,087,653)

​

Total deferred tax liabilities

​

​

(1,287,547)

​

​

(1,087,653)

​

Net deferred tax asset

​

$

1,625,144

​

$

456,203

​

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

​

​

​

​

​

​

​

​

​

​

​

For the Fiscal Year Ended September 30, 

​

    

2024

    

2023

    

Balance at beginning of year

​

$

460,000

​

$

452,000

​

Unrecognized tax benefits related to prior years

​

 

8,000

​

 

—

​

Unrecognized tax benefits related to current year

​

 

28,000

​

 

8,000

​

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

​

 

(12,000)

​

 

—

​

Balance at end of year

​

$

484,000

​

$

460,000

​