XML 50 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income Taxes (Tables)

12 Months Ended

Sep. 30, 2018

Income Tax Disclosure [Abstract]

Schedule of Loss Income Before the Provision for Tax

The following is a geographical breakdown of (loss) income before the provision for income taxes:

		Year ended September 30,
		2018				2017
Domestic		$	(5,864,209	)		$	(148,185	)
Foreign			(4,761,409	)			4,653,748
Income before provision for income taxes		$	(10,625,618	)		$	4,505,563

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

		September 30, 2018				September 30, 2017
Current (benefit)/provision
Federal		$	-			$	(38,059	)
State			1,859				(12,686	)
Foreign			245,419				166,393
Total current (benefit)/provision			247,278				115,648
Deferred provision
Federal			(2,155,797	)			-
State			(667,270	)			-
Foreign			16,385				-
Total deferred provision		$	(2,806,682	)		$	-
Total (benefit)/provision for income taxes		$	(2,559,404	)		$	115,648
Effective Income tax rate			24.09	%			2.57	%

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the effective income tax rate to the federal and state statutory rates:

		For the Fiscal Year				For the Fiscal Year
		Ended				Ended
		September 30, 2018				September 30, 2017
U.S. statutory rate			21.00	%			34.00	%
State statutory rate			6.50	%			9.00	%
Foreign  tax rate differential			-2.22	%			-40.72	%
Nondeducttible expenses			-1.20	%			0.29	%
Effective rate			24.09	%			2.57	%

Schedule of Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities are summarized as follows:

		September 30, 2018				September 30, 2017
Deferred Tax Assets:
Net operating loss carryforwards			4,153,803				-
Fixed asset depreciation			254,579				-
Prepaid expenses			12,837				-
Gain/loss on fixed asset disposal			31,747				-
Allowance for bad debt			-				-
Total gross deferred taxes			4,452,966				-
Valuation allowance			(1,485,437	)			-
Net deferred tax assets			2,967,529				-
Deferred Tax Liabilities:
Accrued vacation			(4,336	)			-
Goodwill amortization			(71,101	)			-
Research and development expenses			(69,025	)			-
Depreciation			(1,907,385	)			(1,891,000	)
Total deferred tax liabilities			(2,051,847	)			(1,891,000	)
Total deferred tax assets (liabilities)			915,682				(1,891,000	)
Recorded as:
Non-current deferred tax assets (in other assets)			2,967,529				-
Non-current deferred tax liabilities			(2,051,847	)			(1,891,000	)
Total deferred tax assets (liabilities)			915,682				(1,891,000	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h)(1)(i))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration