Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.8.0.1
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2017
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:
 
 
 
2017
 
2016
 
Net operating loss carryforwards
 
$
7,129,736
 
$
5,424,530
 
Capitalized expenditures
 
 
1,511,187
 
 
1,104,928
 
Research and experimentation credit carryforwards
 
 
632,659
 
 
458,417
 
Stock based compensation
 
 
2,370,477
 
 
1,463,474
 
Property and Equipment
 
 
1,488
 
 
1,578
 
Accrued expenses
 
 
20,100
 
 
171,083
 
Gross deferred tax assets
 
 
11,665,647
 
 
8,624,010
 
Deferred tax asset valuation allowance
 
 
(11,665,647)
 
 
(8,624,010)
 
 
 
 
 
 
 
 
 
Net deferred tax assets
 
$
-
 
$
-