DEFERRED INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2019

Significant components of the Companys net deferred income tax assets at September 30, 2019 and 2018, respectively are as follows:



	2019		2018
Amortization and impairment of license agreement	$	424,296	$	382,593
Allowance for doubtful account		13,177		4,053
Net operating loss carryforward		3,735,719		3,066,449
Net deferred income tax asset		4,173,192		3,453,095
Less: valuation allowance		(4,173,192)		(3,453,095)
Total deferred income tax assets	$	-	$	-

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



	2019		2018

Federal statutory taxes	$	(35,046)	$	(101,415)
State income taxes, net of federal benefit		(9,713)		(26,561)
Change in tax rate estimates		-		1,620,004
Less: Valuation allowance, non-deductible items		496		495,021
Change in valuation allowance		44,263		(1,987,049)
	$	-0-	$	-0-



	2019		2018

Federal statutory Income tax rate		21.00%		21.00%
State taxes, net of federal benefit		4.35%		4.35%
Effective rate of deferred tax asset		25.35%		25.35%
Less: Valuation allowance		(25.35%)		(25.35%)
Effective income tax rate		0.00%		0.00%