DEFERRED TAX ASSETS (Tables)

12 Months Ended

Sep. 30, 2013

Significant components of the Company's net deferred income tax assets (liabilities) are:


	2013			2012

Consolidated NOL carryover	$	11,284,000		$	8,404,000
Deferred tax asset from NOL carryover arising from current net effective tax rate	$	4,400,000		$	3,278,000
Net deferred income tax asset		4,400,000			3,278,000
Less: valuation allowance		(4,400,000	)		(3,278,000	)
Total deferred income tax assets	$	0.00		$	0.00

A reconciliation of the Federal and respective State income tax rate as a percentage of income before taxes is as follows:


	2013			2012

Federal statutory income tax rate		34.0%			34.0%
State taxes, net of federal benefit		5.0%			5.0%
Effective rate for deferred tax asset		39.0%			39.0%
Less: Valuation allowance		(39.0%	)		(39.0%)
Effective income tax rate		0.0%			0.0%