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Note 13 - Income Taxes
 6 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Income Tax Disclosure [Text Block]

13. INCOME TAXES

 

For the six months ended March 31, 2022, the Company recorded income tax benefit of $336 reflecting an effective tax rate of 28.6%. For the six months ended March 31, 2021, the Company recorded income tax expense of $278 reflecting an effective tax rate of 26.4%. 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.

 

ASC 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.