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INCOME TAXES (Tables) | 12 Months Ended
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Sep. 30, 2023
INCOME TAXES |
Schedule of components of the Company's deferred tax assets |
|  | 2023 |  |  | 2022 |
NOL carryforwards |  | $ | 30,829,000 |  |  | $ | 25,346,000 |
Capitalized R&D |  |  | 15,196,000 |  |  |  | 15,042,000 |
Stock-based compensation |  |  | 11,579,000 |  |  |  | 10,442,000 |
Lease liabilities |  |  | 3,400,000 |  |  |  | 3,872,000 |
R&D credit |  |  | 1,221,000 |  |  |  | 1,221,000 |
Vacation and other |  |  | 298,000 |  |  |  | 307,000 |
Fixed assets and intangibles |  |  | 168,000 |  |  |  | - |
Total deferred tax assets |  |  | 62,691,000 |  |  |  | 56,230,000 |
Right of use assets |  |  | (2,713,000 | ) |  |  | (3,244,000 | )
Fixed assets and intangibles |  |  | - |  |  |  | (44,000 | )
Total deferred tax liabilities |  |  | (2,713,000 | ) |  |  | (3,288,000 | )
Net deferred tax asset |  |  | 59,978,000 |  |  |  | 52,942,000 |
Valuation allowance |  |  | (59,978,000 | ) |  |  | (52,942,000 | )
Ending balance |  | $ | - |  |  | $ | - |
Schedule of federal or state current or deferred tax expense or benefit |
|  | 2023 |  |  | 2022 |
Federal rate |  |  | 21.00 | % |  |  | 21.00 | %
State rate change |  |  | (1.58 | ) |  |  | (1.67 | )
State tax rate, net of federal benefit |  |  | 4.05 |  |  |  | 4.34 |
Other adjustments |  |  | (1.62 | ) |  |  | (0.28 | )
Permanent differences |  |  | 0.00 |  |  |  | 0.21 |
Change in valuation allowance |  |  | (21.85 | ) |  |  | (23.61 | )
Effective tax rate |  |  | 0.00 | % |  |  | 0.00 | %

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
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