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Income Taxes (Tables)

12 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Income Tax Provision (Benefit)

For the fiscal years ended September 30, 2015, 2014 and 2013 the income tax provision (benefit) was as follows:

		2015				2014				2013
Federal—current		$	84,189			$	—			$	—
Federal—deferred		$	(621,014	)
State—current			9,902				2,226				1,076
State—deferred		$	(13,402	)
Foreign—current			(2,695	)			—				—
Total		$	(543,020	)		$	2,226			$	1,076

Company's Net Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities as of September 30, 2015 and 2014 are as follows:

		2015				2014
Deferred tax assets:
Net operating loss carryforwards		$	9,824,977			$	11,401,483
Foreign deferred assets			258,106				—
Stock based compensation			2,333,210				1,228,082
AMT credit carryforwards			149,346				66,320
Other, net			304,854				250,999
Research credit carryforwards			43,802				43,802
Total deferred assets			12,914,295				12,990,686
Deferred tax liabilities:
Intangibles			(603,774	)			—
Foreign deferred liabilities			(414,820	)			—
Net deferred tax asset			11,895,701				12,990,686
Valuation allowance for net deferred tax assets			(12,052,415	)			(12,990,686	)
Net deferred tax liability		$	(156,714	)		$	—

Income Taxes Computed Using Federal Income Tax Rate

The difference between the income tax provision (benefit) and income taxes computed using the U.S. federal income tax rate was as follows for the years ended September 30, 2015, 2014 and 2013:

		2015				2014				2013
Amount computed using statutory rate		$	674,260			$	(1,798,479	)		$	(2,473,374	)
Net change in valuation allowance for net deferred tax assets			(1,618,671	)			1,677,309				1,968,987
Other			(151,209	)			-				-
Foreign rate differential			970				-				-
Non-deductible items			181,786				411,473				548,839
State income tax			369,844				(288,077	)			(43,376	)
Income tax provision (benefit)		$	(543,020	)		$	2,226			$	1,076

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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



-Paragraph 9



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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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



-Section 50



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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

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 740



-SubTopic 10



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-Paragraph 12



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