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Note 11: Provision for Income Taxes (Tables) | 12 Months Ended
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Sep. 30, 2012
Note 11 Provision For Income Taxes Tables |
Reconciliation of the differences between the effective and statutory income tax rates | A reconciliation of the differences between the effective and statutory income tax rates for years ended September 30, is as follows:
|  | 2012 |  |  | 2011 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Federal statutory rates |  | $ | (535,573 | ) |  |  | 34% |  |  | $ | (1,870,764 | ) |  |  | 34% |
State income taxes |  |  | (52,946 | ) |  |  | 3% |  |  |  | (184,942 | ) |  |  | 3% |
Write off of deferred tax asset related to vested restricted stock |  |  | 10,670 |  |  |  | (1)% |  |  |  | 184,050 |  |  |  | (3)% |
Permanent differences |  |  | 3,411 |  |  |  | (0)% |  |  |  | – |  |  |  | – |
Valuation allowance against net deferred tax assets |  |  | 574,438 |  |  |  | (36)% |  |  |  | 1,920,862 |  |  |  | (35)% |
Other |  |  |  |  |  |  | 0% |  |  |  | (49,206 | ) |  |  | 1% |
Effective rate |  | $ | – |  |  |  | 0% |  |  | $ | – |  |  |  | 0% |
Deferred income tax assets and liabilities | At September 30, deferred income tax assets and liabilities were comprised of:
|  | 2012 |  |  | 2011 |
Deferred income tax asset, current: |  |  |  |  |  |  |  |
Book to tax differences in accounts receivable |  | $ | 582,549 |  |  | $ | 738,671 |
Book to tax differences in prepaid assets and accrued expenses |  |  | (7,774 | ) |  |  | (20,502 | )
Total deferred income tax asset, current |  |  | 574,775 |  |  |  | 718,169 |
Less: valuation allowance |  |  | (574,775 | ) |  |  | (718,169 | )
Deferred income tax asset, current, net |  |  | – |  |  |  | – |
Deferred income tax asset, long-term: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  |  | 10,012,906 |  |  |  | 9,060,073 |
Book to tax differences for stock based compensation |  |  | 6,407 |  |  |  | 17,706 |
Book to tax differences in intangible assets |  |  | 6,961,861 |  |  |  | 7,295,815 |
Book to tax differences in other |  |  | 326 |  |  |  | 326 |
Book to tax differences in depreciation |  |  | (2,072,674 | ) |  |  | (1,798,370 | )
Total deferred income tax asset, long-term |  |  | 14,908,825 |  |  |  | 14,575,550 |
Less: valuation allowance |  |  | (14,908,825 | ) |  |  | (14,575,550 | )
Deferred income tax asset, net |  |  | – |  |  |  | – |
Total deferred income tax asset |  | $ | – |  |  | $ | – |

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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://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
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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://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
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