Annual report pursuant to Section 13 and 15(d)

INCOME TAXES (Tables)

v3.10.0.1
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2018
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:
 
 
 
2018
 
 
2017
 
Net operating loss carryforwards
 
$
5,848,080
 
 
$
7,129,736
 
Capitalized expenditures
 
 
1,486,679
 
 
 
1,511,187
 
Research and experimentation credit carryforwards
 
 
802,765
 
 
 
632,659
 
Stock based compensation
 
 
2,074,247
 
 
 
2,370,477
 
Property and Equipment
 
 
1,235
 
 
 
1,488
 
Accrued expenses
 
 
13,660
 
 
 
20,100
 
Deferred rent
 
 
328
 
 
 
-
 
Gross deferred tax assets
 
 
10,226,994
 
 
 
11,665,647
 
Deferred tax asset valuation allowance
 
 
(10,226,994
)
 
 
(11,665,647
)
 
 
 
 
 
 
 
 
 
Net deferred tax assets
 
$
-
 
 
$
-