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Note 13 - Income Taxes
9 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
13.
INCOME TAXES
 
For the
nine
months ended
June 30, 2020,
the Company recorded income tax expense of
$742,490
reflecting an effective tax rate of
22.8%.
For the
nine
months ended
June 30, 2019,
the Company recorded an income tax expense of
$675,457
reflecting an effective tax rate of
20.0%.
 The Company continues to maintain a partial valuation allowance against its deferred tax assets as the Company believes that the negative evidence that it will be able to recover these net deferred tax assets outweighs the positive evidence.
 
Accounting Standards Codification Topic
740,
Accounting for Uncertainty in Income Taxes
, requires the Company to recognize in its consolidated financial statements uncertainties in tax positions taken that
may
not
be sustained upon examination by the taxing authorities. If interest or penalties are assessed, the Company would recognize these charges as income tax expense. The Company has
not
recorded any income tax expense or benefit for uncertain tax positions.