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INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of income tax provision

Schedule of income tax provision
		Fiscal 2023				Fiscal 2022
Current:
Federal		$	–			$	–
State			20,000				3,000
Foreign			–				–
Deferred:
Federal			112,000				220,000
State			(244,000	)			32,000
Foreign			(39,000	)			(23,000	)
Deferred income tax expense (benefit)			(151,000	)			232,000
Change in valuation allowance			171,000				(229,000	)
Income tax provision		$	20,000			$	3,000

Schedule of deferred tax assets and liabilities

Schedule of deferred tax assets and liabilities
		September 30,
		2023				2022
Deferred tax assets
Net operating losses		$	2,976,000			$	2,006,000
Share-based compensation			242,000				220,000
AMT & other tax credits			5,000				5,000
Excess tax over book basis in inventory			18,000				101,000
Reserves and other allowances			893,000				649,000
Deferred rent			–				8,000
Lease liability			794,000				–
Accrued compensation			101,000				70,000
Accrued related party interest			5,000				5,000
Charitable contributions			1,000				–
Interest expense limitation			46,000				48,000
Total deferred tax assets			5,081,000				3,112,000
Deferred tax liabilities
Depreciation			(9,000	)			(12,000	)
Prepaid expenses			(88,000	)			(96,000	)
Intangible assets			(145,000	)			(178,000	)
ROU Asset			(737,000	)			–
Total deferred tax liabilities			(979,000	)			(286,000	)
Valuation allowance			(4,102,000	)			(2,826,000	)
Net deferred tax assets		$	–			$	–

Schedule of reconciliation of effective tax rate

Schedule of reconciliation of effective tax rate
		Fiscal 2023				Fiscal 2022
U.S. federal statutory rate			21.0%				21.0%
State tax rate, net of federal benefit			3.9%				5.8%
Foreign rate differential			(9.2%	)			(5.3%	)
Tax return to provision adjustments			(94.6%	)			4.1%
Effect of state tax rate change			(8.5%	)			7.0%
Change in valuation allowance			95.7%				(34.1%	)
Permanent differences			2.9%				2.0%
Effective tax rate			11.2%				0.5%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

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-SubTopic 10
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-Paragraph 12
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