Quarterly report pursuant to sections 13 or 15(d)

Income Taxes

Income Taxes
6 Months Ended
Mar. 31, 2012
Income Taxes

Note 8: Income Taxes


At March 31, 2012, the Company maintained a valuation allowance against its deferred tax assets. The Company determined this valuation allowance was necessary given the current and expected near term losses and the uncertainty with respect to the Company’s ability to generate sufficient profits from its new business model.


During the three and six months ended March 31, 2012, the Company did not incur any income tax benefit associated with its net loss due to the establishment of a valuation allowance against deferred tax assets generated during the period.