Annual report pursuant to Section 13 and 15(d)

DEFERRED INCOME TAXES (Tables)

v3.22.4
DEFERRED INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2022
Deferred Income Taxes [Abstract]  
Schedule of net deferred income tax assets

 

 

 2022

 

2021

Depreciation

 

$

 2,842

 

$

   2,746

Allowance for doubtful account

 

 

15,880

             

 

     12,332

Net operating loss carryforward

 

 

  3,493,201

 

 

  3,601,402

Net deferred income tax asset

 

 

3511,923

 

 

  3,616,480

Less: valuation allowance

 

  

 (3,511,923)

 

 

 (3,616,480)

Total deferred income tax assets

 

$

-

 

$

-

 

Schedule of reconciliation of the federal and respective state income tax rate

 

      2022

 

    2021

 

 

 

 

 

 

Federal statutory taxes

$

79,558

 

$

71,660

State income taxes, net of federal benefit

 

22,049

 

 

19,860

Change in tax estimates

 

850

 

 

(5,901)

Less: Valuation allowance, non-deductible items

 

2,100

 

 

1,434

Change in valuation allowance

 

(104,557)

 

 

(87,053)

 

$

-0-

 

$

-0-

 

               

 

 

      2022

 

 

    2021

 

 

 

 

 

 

 

 

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%