XML 45 R32.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Income Taxes |
Schedule of components of income taxes |
|  | For the Fiscal Year Ended September 30, |
|  | 2016 |  | 2015 |  | 2014 |
Current provision (benefit): |  |  |  |  |  |  |
Federal |  | $ | 77,244 |  | $ | (375,936 | ) | $ | 614,729 |
State |  | (2,930 | ) | (10,146 | ) | 363 |
Total current provision (benefit) |  | 74,314 |  | (386,082 | ) | 615,092 |
Deferred provision (benefit): |  |  |  |  |  |  |
Federal |  | 493,989 |  | 2,598,050 |  | (857,049 | )
State |  | 27 |  | 91,510 |  | (41,665 | )
Total deferred provision (benefit) |  | 494,016 |  | 2,689,560 |  | (898,714 | )
Total current and deferred provision (benefit) |  | $ | 568,330 |  | $ | 2,303,478 |  | $ | (283,622 | )
Schedule of reconciliation of the statutory federal rate to the Company's effective income tax rate |
|  | For the Fiscal Year Ended September 30, |
|  | 2016 |  | 2015 |  | 2014 |
U.S. Federal statutory tax rate |  | 34.0 | % | 34.0 | % | 34.0 | %
State income taxes, net of federal benefit |  | 0.2 | % | 0.0 | % | 29.6 | %
Permanent items |  | (0.2 | )% | (2.5 | )% | 123.9 | %
Research and development tax credits |  | (12.6 | )% | 17.4 | % | 190.4 | %
Valuation allowance |  | (2.9 | )% | (110.0 | )% | 283.9 | %
Change in unrecognized tax benefits |  | (0.1 | )% | (2.6 | )% | (41.5 | )%
123R cancellations and forfeitures |  | 3.8 | % | (1.0 | )% | (280.0 | )%
Effective income tax rate |  | 22.2 | % | (64.7 | )% | 340.3 | %
Schedule of deferred tax assets and liabilities |
|  | As of September 30, |
|  | 2016 |  | 2015 |
|  | Non Current |  | Non Current |
Deferred tax assets: |  |  |  |  |
Reserves and accruals |  | $ | 2,539,117 |  | $ | 3,321,257 |
Research and development credit |  | 1,742,627 |  | 1,472,421 |
NOL carryforward - state |  | 1,206,476 |  | 1,200,156 |
Depreciation |  | (725,018 | ) | (741,736 | )
Stock options |  | 603,881 |  | 678,316 |
Other |  | — |  | 897 |
|  | 5,367,083 |  | 5,931,311 |
Less: Valuation allowance |  | (5,297,757 | ) | (5,371,528 | )
Total deferred tax assets |  | 69,326 |  | 559,783 |
Deferred tax liabilities: |  |  |  |  |
Depreciation |  | (137,027 | ) | (133,468 | )
Total deferred tax liabilities |  | (137,027 | ) | (133,468 | )
Net deferred tax (liability) asset |  | $ | (67,701 | ) | $ | 426,315 |
Schedule of reconciliation of beginning and ending balances of total amounts of gross unrecognized tax benefits |
|  | For the Fiscal Year Ended September 30, |
|  | 2016 |  | 2015 |  | 2014 |
Balance at beginning of year |  | $ | 615,000 |  | $ | 526,000 |  | $ | 492,000 |
Unrecognized tax benefits related to prior years |  | (2,000 | ) | — |  | 1,500 |
Unrecognized tax benefits related to current year |  | 26,000 |  | 125,000 |  | 32,500 |
Decrease in unrecognized tax benefits due to the lapse of applicable statute of limitations |  | (24,000 | ) | (36,000 | ) | — |
Balance at end of year |  | $ | 615,000 |  | $ | 615,000 |  | $ | 526,000 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=51663037&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration