Other Investments (Tables)

9 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Other Investments

The investments in the LLC are included in the condensed consolidated financial statements as follows:

Balance Sheet location:	June 30, 2020		September 30, 2019
Other Assets:
MVP	$	54,494,911	$	47,055,426
Southgate	361,799		320,033
Investment in unconsolidated affiliates	$	54,856,710	$	47,375,459

Current Liabilities:
MVP	$	2,388,167	$	4,958,260
Southgate	39,231		66,564
Capital contributions payable	$	2,427,398	$	5,024,824

	Three Months Ended				Nine Months Ended
Income Statement location:	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Equity in earnings of unconsolidated affiliate	$	1,205,574	$	777,193	$	3,488,253	$	2,038,417

	June 30, 2020		September 30, 2019
Undistributed earnings, net of income taxes, of MVP in retained earnings	$	5,857,553	$	3,267,176

The change in the investment in unconsolidated affiliates is provided below:

	Nine Months Ended
	June 30, 2020		June 30, 2019
Cash investment	$	6,590,424	$	16,650,944
Change in accrued capital calls	(2,597,426)		(3,015,078)
Equity in earnings of unconsolidated affiliate	3,488,253		2,038,417
Change in investment in unconsolidated affiliates	$	7,481,251	$	15,674,283

Summary Unaudited Financial Statements - Equity Method Investment

Summary unaudited financial statements of MVP are presented below. Southgate financial statements, which are accounted for under the cost method, are not included:

	Income Statements
	Three Months Ended				Nine Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
AFUDC	$	120,874,005	$	78,261,970	$	348,654,366	$	199,400,095
Other Income (Expense), net	(18,925)		1,771,678		680,682		5,055,405
Net Income	$	120,855,080	$	80,033,648	$	349,335,048	$	204,455,500

	Balance Sheets
	June 30, 2020		September 30, 2019
Assets:
Current Assets	$	265,509,949	$	485,323,892
Construction Work in Progress	5,322,878,940		4,675,267,389
Other Assets	4,597,441		13,190,816
Total Assets	$	5,592,986,330	$	5,173,782,097
Liabilities and Equity:
Current Liabilities	$	197,319,584	$	466,776,233
Noncurrent Liabilities	315,000		—
Capital	5,395,351,746		4,707,005,864
Total Liabilities and Equity	$	5,592,986,330	$	5,173,782,097