General form of registration statement for all companies including face-amount certificate companies

INCOME TAXES (Tables)

v2.4.0.8
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2013
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
The principal components of the Company's net deferred tax assets consisted of the following at September 30:
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Net operating loss carryforwards
 
$
1,332,955
 
$
884,891
 
Research and experimentation credit carryforwards
 
 
32,559
 
 
32,559
 
Stock based compensation
 
 
115,171
 
 
-
 
Fixed assets
 
 
7,492
 
 
7,258
 
Accrued expenses
 
 
35,744
 
 
10,000
 
Gross deferred tax assets
 
 
1,523,921
 
 
934,708
 
Deferred tax asset valuation allowance
 
 
(1,523,921)
 
 
(934,708)
 
 
 
 
 
 
 
 
 
Net deferred tax assets
 
$
-
 
$
-