Income Taxes (Tables)
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9 Months Ended |
Jun. 30, 2019 |
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| Income Taxes [Abstract] |
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| Reconciliation Of Income Tax Expense (Benefit) |
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Three Months Ended
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Nine Months Ended
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June 30,
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June 30,
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2019
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2018
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2019
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2018
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Income tax benefit at statutory rates
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$
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(582,652)
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$
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(1,412,119)
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$
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(1,856,337)
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$
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(5,040,855)
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State income tax benefit, net of federal benefits
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(138,089)
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(15,213)
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(439,952)
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(963,608)
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Effect of change in U.S. tax rate
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—
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190,319
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—
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3,319
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Non-deductible expenses – other
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2,269
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862
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7,052
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13,564
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Effect of lower foreign income tax rates
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43
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(67,765)
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(3,484)
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12,621
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Recharacterization of foreign tax credits to net operating loss
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—
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1,311,429
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—
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1,311,429
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Effect of deemed dividend
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2,554
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—
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66,182
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—
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Increase in valuation allowance
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716,442
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933,000
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2,367,633
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933,000
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Other
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(1,025)
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265,618
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(23,887)
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388,191
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Income tax (benefit) expense
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$
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(458)
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$
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1,206,131
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$
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117,207
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$
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(3,342,339)
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| Significant Components Of Deferred Tax Assets And Liabilities |
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June 30,
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September 30,
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2019
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2018
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Deferred tax assets:
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Federal net operating loss carryforwards
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$
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8,527,304
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$
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6,973,047
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State net operating loss carryforwards
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2,579,909
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2,195,865
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Foreign net operating loss carryforwards – U.K.
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10,626,155
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10,595,518
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Foreign capital allowance – U.K.
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102,098
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102,098
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U.K. bad debts
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1,700
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1,700
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Restricted stock – U.K.
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17,586
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17,586
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U.S. deferred rent
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52,257
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22,902
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Share-based compensation
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843,466
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622,442
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Other, net – U.S.
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159,497
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91,419
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Other, net – Malaysia
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33,896
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33,843
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Gross deferred tax assets
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22,943,868
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20,656,420
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Valuation allowance for deferred tax assets
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(9,998,711)
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(7,631,078)
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Net deferred tax assets
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12,945,157
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13,025,342
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Deferred tax liabilities:
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In process research and development
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(4,675,860)
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(4,675,860)
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Developed technology
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(502,987)
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(549,318)
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Covenant not-to-compete
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(80,405)
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(94,321)
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Other
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(7,318)
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(6,843)
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Net deferred tax liabilities
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(5,266,570)
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(5,326,342)
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Net deferred tax asset
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$
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7,678,587
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$
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7,699,000
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| Schedule Of Deferred Tax Amounts Classified In Balance Sheets |
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June 30,
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September 30,
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2019
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2018
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Deferred tax asset – U.K.
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$
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8,540,552
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$
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8,509,915
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Deferred tax asset – Malaysia
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33,896
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33,843
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Total deferred tax asset
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$
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8,574,448
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$
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8,543,758
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Deferred tax liability – U.S.
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(895,861)
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(844,758)
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Total deferred tax liability
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$
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(895,861)
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$
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(844,758)
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