Note 8 - Income Taxes

3 Months Ended

Dec. 26, 2020

Income Tax Disclosure [Text Block]

NOTE

Income Taxes

The Company has

not

recorded an income tax benefit on its net loss for the

three

month periods ended

December 26, 2020

and

December 28, 2019

due to its uncertain realizability. During previous fiscal years, the Company recorded a valuation allowance for the full amount of its net deferred tax assets since it could

not

predict the realization of these assets.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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