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INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2022

INCOME TAXES.

Schedule of total provision (benefit) for income taxes

​

​	​	​	​	​	​	​
​	​	September 30,		​	September 30,
​		2022		​	2021
Current	​	​	​	​	​	​
Federal	​	$	—	​	$	—
State	​	​	1,600	​	​	800
​	​	​	​	​	​	​
Total Current	​	$	1,600	​	$	800
​	​	​	​	​	​	​
​	​	​	​	​	​	​
Deferred	​	​	​	​	​	​
Federal	​	$	(280,552)	​	$	—
State	​	​	—	​	​	—
​	​	​	​	​	​	​
Total Deferred	​	​	(280,552)	​	​	—
​	​	​	​	​	​	​
Total provision (benefit) for income taxes	​	$	(278,952)	​	$	800

Summary of income tax NOL carryforwards

​

​	​	​	​	​	​	​
​	​	September 30,		​	September 30,
​		2022		​	2021
Federal	​	​	​	​	​	​
2034-2037	​	$	29,838,716	​	$	29,838,716
Indefinite	​	​	311,525,886	​	​	162,818,819
​	​	​	​	​	​	​
Total Federal	​	$	341,364,602	​	$	192,657,535
​	​	​	​	​	​	​
California	​		​	​
2034-2040	​	​	318,862,714	​	​	191,722,566
​	​	​	​	​	​	​
Total California	​	$	318,862,714	​	$	191,722,566
​	​	​	​	​	​	​

Summary of reconciliation of our effective tax rate to statutory federal tax rate

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	September 30,		​	September 30,	​	September 30,		​	September 30,	​
​		2022			2022 - %		2021			2021 - %	​
Income tax benefit at statutory rate	​	$	(155,466,389)	​	21.00	%	$	(9,247,200)		21.00	%
State income taxes	​		1,600	​	—	%		800		—	%
Permanent Differences	​		995,227	​	(0.13)	%		158,166		(0.36)	%
Valuation Allowance	​		154,180,328	​	(20.83)	%		9,091,163		(20.65)	%
Other	​		10,282	​	—	%		(2,129)		—	%
Total (benefit) provision for income taxes	​	$	(278,952)	​	0.04	%	$	800		—	%

Summary of significant component of net deferred tax assets

​

​	​	​	​	​	​	​
​		2022			2021
Deferred tax assets:		​	​	​	​
Stock Compensation		​	8,442	​	​	—
Net Operating loss carryforwards	​	​	78,791,906	​	​	38,676,405
Charitable Contributions		​	1,219	​	​	894
Accrued Expenses		​	86,926	​	​	315,555
Impairment Other	​	​	—	​	​	—
Other Assets	​	​	426,099	​	​	364,419
Intangibles		​	48,382,778	​	​	—
163(j) Limitation		​	14,522,536	​	​	14,491,332
Mark-to-Market Warrants		​	121,545,414	​	​	—
​	​	​	​	​	​	​
Total gross deferred tax assets		​	263,765,320	​	​	53,848,604
​	​	​	​	​	​	​
R&D Tax Credits	​	​	578,842	​	​	—
​	​	​	​	​	​	​
Less valuation allowance		​	(258,903,457)	​	​	(53,416,875)
​	​	​	​	​	​	​
Total net deferred tax assets		​	5,440,705	​	​	431,729
​	​	​	​	​	​	​
Deferred tax liabilities:		​	​	​	​
​	​	​	​	​	​	​
Intangibles		​	-	​	​	(146,639)
Fixed Assets		​	(969,201)	​	​	(284,922)
IP	​	​	(12,243,969)	​	​	—
Patents	​	​	(6,802,149)	​	​	—
Trademarks	​	​	(225,760)	​	​	—
Non-competes	​	​	(156,649)	​	​	—
Other		​	(336)	​	​	(168)
​	​	​	​	​	​	​
Total deferred tax liabilities		​	(20,398,064)	​	​	(431,729)
​	​	​	​	​	​	​
Net deferred tax assets	​	$	(14,957,359)	​	$	—

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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.

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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.

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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.

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Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

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