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Note 11: Provision for Income Taxes (Tables)

12 Months Ended

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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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

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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

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