|
Note 6 - Income Taxes (Tables)
|
12 Months Ended |
|
Sep. 30, 2012
|
| Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] |
|
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
Domestic
|
|
$
|
6,290,684
|
|
|
$
|
1,638,572
|
|
|
$
|
2,676,258
|
|
|
Foreign
|
|
|
4,501,339
|
|
|
|
1,593,403
|
|
|
|
1,547,874
|
|
|
Total
|
|
$
|
10,792,023
|
|
|
$
|
3,231,975
|
|
|
$
|
4,224,132
|
|
|
| Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] |
|
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
Income
tax expense at statutory rates
|
|
$
|
3,669,000
|
|
|
$
|
1,099,000
|
|
|
$
|
1,436,000
|
|
|
State
income tax, net of federal benefits
|
|
|
677,000
|
|
|
|
192,000
|
|
|
|
223,000
|
|
|
Non-deductible
expenses
|
|
|
5,000
|
|
|
|
(12,000
|
)
|
|
|
305,000
|
|
|
Effect
of AMT expense
|
|
|
41,000
|
|
|
|
28,178
|
|
|
|
6,000
|
|
|
Effect
of foreign income tax
|
|
|
(688,093
|
)
|
|
|
(221,501
|
)
|
|
|
(206,773
|
)
|
|
Effect
of pioneer tax status - Malaysia
|
|
|
(233,000
|
)
|
|
|
(134,000
|
)
|
|
|
-
|
|
|
Effect
of change in UK tax rate
|
|
|
(72,000
|
)
|
|
|
-
|
|
|
|
-
|
|
|
Effect
of stock option exercises
|
|
|
(2,263,000
|
)
|
|
|
-
|
|
|
|
(704,000
|
)
|
|
Utilization
of NOL carryforwards
|
|
|
(1,637,205
|
)
|
|
|
(973,753
|
)
|
|
|
(1,087,173
|
)
|
|
Decrease
in valuation allowance
|
|
|
(4,006,000
|
)
|
|
|
(2,145,000
|
)
|
|
|
(2,485,000
|
)
|
|
Income
tax benefit
|
|
$
|
(4,507,298
|
)
|
|
$
|
(2,167,076
|
)
|
|
$
|
(2,512,946
|
)
|
|
| Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] |
|
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
Deferred
– U.S.
|
|
$
|
(1,399,000
|
)
|
|
$
|
(3,442,000
|
)
|
|
$
|
(1,210,000
|
)
|
|
Deferred
– U.K.
|
|
|
(3,501,000
|
)
|
|
|
942,000
|
|
|
|
(1,480,851
|
)
|
|
Deferred
– Malaysia
|
|
|
6,067
|
|
|
|
35,950
|
|
|
|
152,227
|
|
|
Current
– U.S.
|
|
|
293,123
|
|
|
|
226,178
|
|
|
|
25,678
|
|
|
Current
– Malaysia
|
|
|
93,512
|
|
|
|
70,796
|
|
|
|
-
|
|
|
Income
tax benefit
|
|
$
|
(4,507,298
|
)
|
|
$
|
(2,167,076
|
)
|
|
$
|
(2,512,946
|
)
|
|
| Schedule of Deferred Tax Assets and Liabilities [Table Text Block] |
|
Deferred
Tax Assets
|
|
2012
|
|
|
2011
|
|
|
Federal
net operating loss carryforwards
|
|
$
|
8,378,000
|
|
|
$
|
10,112,000
|
|
|
State
net operating loss carryforwards
|
|
|
1,175,000
|
|
|
|
1,426,000
|
|
|
AMT
credit carryforward
|
|
|
152,000
|
|
|
|
111,000
|
|
|
Foreign
net operating loss carryforwards –
U.K.
|
|
|
14,780,000
|
|
|
|
18,489,000
|
|
|
Foreign
capital allowance – U.K.
|
|
|
177,000
|
|
|
|
247,000
|
|
|
Accrued
expenses
|
|
|
748,000
|
|
|
|
-
|
|
|
Other,
net
|
|
|
29,000
|
|
|
|
60,000
|
|
|
Gross
deferred tax assets
|
|
|
25,439,000
|
|
|
|
30,445,000
|
|
|
Valuation
allowance for deferred tax asset
|
|
|
(12,139,000
|
)
|
|
|
(22,045,000
|
)
|
|
Net
deferred tax assets
|
|
|
13,300,000
|
|
|
|
8,400,000
|
|
|
Deferred
Tax Liabilities:
|
|
|
|
|
|
|
|
|
|
Foreign
capital allowance – Malaysia
|
|
|
(194,244
|
)
|
|
|
(188,177
|
)
|
|
Net
deferred tax asset
|
|
$
|
13,105,756
|
|
|
$
|
8,211,823
|
|
|
| Schedule of Amounts Recognized in Balance Sheet [Table Text Block] |
|
|
|
2012
|
|
|
2011
|
|
|
Current
assets – U.S.
|
|
$
|
1,802,000
|
|
|
$
|
662,000
|
|
|
Current
assets – U.K.
|
|
|
350,000
|
|
|
|
138,000
|
|
|
Long-term
assets – U.S.
|
|
|
6,197,000
|
|
|
|
5,938,000
|
|
|
Long-term
assets – U.K
|
|
|
4,951,000
|
|
|
|
1,662,000
|
|
|
Long-term
liability – Malaysia
|
|
|
(194,244
|
)
|
|
|
(188,177
|
)
|
|
|
|
$
|
13,105,756
|
|
|
$
|
8,211,823
|
|
|
| Summary of Valuation Allowance [Table Text Block] |
|
Year
|
Balance
at
October
1
|
Charged
to Costs
and
Expenses
|
Deductions/Other
|
Balance
at
September
30
|
|
2010
|
$
32,340,000
|
$
(2,800,000)
|
$
(2,799,000)
|
$
26,741,000
|
|
2011
|
$
26,741,000
|
$
(2,500,000)
|
$
(2,196,000)
|
$22,045,000
|
|
2012
|
$
22,045,000
|
$
(4,900,000)
|
$
(5,006,000)
|
$12,139,000
|
|