Summary of Significant Accounting Policies	9 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]	Note 2: Summary of Significant Accounting Policies Significant Accounting Policies During the nine months ended June 30, 2024, there have been no changes in our significant accounting policies as described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Revenue from Contracts with Customers Tourism Taxes As of June 30, 2024 and September 30, 2023, the Company had $117,000 and $80,000 in Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the balance sheet, respectively. Disaggregation of Revenue For the three-month period ended June 30, 2024, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 71%, 13%, 5%, and 8% of total revenue, respectively. For the three-month period ended June 30, 2023, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 71%, 14%, 5%, and 8% of total revenue, respectively. For the nine-month period ended June 30, 2024, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 67%, 16%, 5%, and 7% of total revenue, respectively. For the nine-month period ended June 30, 2023, revenue from RV site rentals, storage rental, spotting, and store and accessory sales accounts for approximately 65%, 16%, 5%, and 7% of total revenue, respectively. Rental Deposits During the three months ended June 30, 2024, the company's rental deposits increased from $3,366,000 to $3,258,000 due to $1,785,000 of new rental deposits offset by $1,893,000 of recognized revenue. During the three months ended June 30, 2023, the company's rental deposits increased from $3,120,000 to $2,739,000 due to $1,529,000 of new rental deposits offset by $1,910,000 of recognized revenue. During the nine months ended June 30, 2024, the company's rental deposits increased from $2,084,000 to $3,258,000 due to $5,659,000 of new rental deposits offset by $4,485,000 of recognized revenue. During the nine months ended June 30, 2023, the company's rental deposits increased from $2,269,000 to $2,739,000 due to $4,948,000 of new rental deposits offset by $4,478,000 of recognized revenue. Rental deposits are generally recognized as revenue within twelve months of receipt. Cash and Cash Equivalents The Company considers all highly liquid investments including certificates of deposit with an original maturity of three months or less when purchased or US treasury instruments to be cash equivalents. As of June 30, 2024 and September 30, 2023, the Company had $12,084,000 and 10,335,000 of cash equivalents, respectively. Cash Reserved for Capital Improvements and Deferred Maintenance The Company keeps separate funds reserved for capital improvements and deferred maintenance. Historically, the Company has not carried a high amount of debt; this separate reserve is kept in order to self-finance major improvement and have cash ready upon project permit approval. Advertising Advertising expense was $5,000 and $7,000 for the three months ended June 30, 2024 and 2023, respectively, and $23,000 and $26,000 for the nine months ended June 30, 2024 and 2023, respectively. Concentration of Credit Risk Because the Company’s bank is a member of the Certificate of Deposit Account Registry Service (CDARS), the Company’s large deposits are divided into smaller amounts and placed with other FDIC insured banks which are also members of the CDARS network. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Due to large fluctuations in the operating checking account, there may be times when the balance is above the $250,000 FDIC threshold. At June 30, 2024 and September 30, 2023 the Company had cash deposits of $543,000 and $417,000, respectively, in the operating checking account that were in excess of the $250,000 federally insured limit with Pacific Premier Bank. Fair Value Measurements Our financial assets and liabilities consist principally of cash, cash equivalents, accounts receivable, accounts payable, and rental deposits, and are reported at fair value. The estimated fair value of cash, cash equivalents, accounts receivable, accounts payable and rental deposits approximates their carrying value. Accounting Pronouncements Issued But Not Yet Adopted In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-07 expands income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024, and can be applied on a prospective basis with an option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-09 on its financial statements and related disclosures. In November 2023, the FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 expands segment disclosures for public companies. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on its financial statements and related disclosures. This amendment will go into effect for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of ASU 2023-07 on its financial statements and related disclosures.

Summary of Significant Accounting Policies

9 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies [Text Block]

Note 2: Summary of Significant Accounting Policies

Significant Accounting Policies

During the nine months ended June 30, 2024, there have been no changes in our significant accounting policies as described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2023.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Revenue from Contracts with Customers

Tourism Taxes

As of June 30, 2024 and September 30, 2023, the Company had $117,000 and $80,000 in Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the balance sheet, respectively.

Disaggregation of Revenue

For the three-month period ended June 30, 2024, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 71%, 13%, 5%, and 8% of total revenue, respectively. For the three-month period ended June 30, 2023, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 71%, 14%, 5%, and 8% of total revenue, respectively.

For the nine-month period ended June 30, 2024, revenue from RV site rentals, storage, spotting, and store and accessory sales accounts for approximately 67%, 16%, 5%, and 7% of total revenue, respectively. For the nine-month period ended June 30, 2023, revenue from RV site rentals, storage rental, spotting, and store and accessory sales accounts for approximately 65%, 16%, 5%, and 7% of total revenue, respectively.

Rental Deposits

During the three months ended June 30, 2024, the company's rental deposits increased from $3,366,000 to $3,258,000 due to $1,785,000 of new rental deposits offset by $1,893,000 of recognized revenue. During the three months ended June 30, 2023, the company's rental deposits increased from $3,120,000 to $2,739,000 due to $1,529,000 of new rental deposits offset by $1,910,000 of recognized revenue.

During the nine months ended June 30, 2024, the company's rental deposits increased from $2,084,000 to $3,258,000 due to $5,659,000 of new rental deposits offset by $4,485,000 of recognized revenue. During the nine months ended June 30, 2023, the company's rental deposits increased from $2,269,000 to $2,739,000 due to $4,948,000 of new rental deposits offset by $4,478,000 of recognized revenue.

Rental deposits are generally recognized as revenue within twelve months of receipt.

Cash and Cash Equivalents

The Company considers all highly liquid investments including certificates of deposit with an original maturity of three months or less when purchased or US treasury instruments to be cash equivalents. As of June 30, 2024 and September 30, 2023, the Company had $12,084,000 and 10,335,000 of cash equivalents, respectively.

Cash Reserved for Capital Improvements and Deferred Maintenance

The Company keeps separate funds reserved for capital improvements and deferred maintenance. Historically, the Company has not carried a high amount of debt; this separate reserve is kept in order to self-finance major improvement and have cash ready upon project permit approval.

Advertising

Advertising expense was $5,000 and $7,000 for the three months ended June 30, 2024 and 2023, respectively, and $23,000 and $26,000 for the nine months ended June 30, 2024 and 2023, respectively.

Concentration of Credit Risk

Because the Company’s bank is a member of the Certificate of Deposit Account Registry Service (CDARS), the Company’s large deposits are divided into smaller amounts and placed with other FDIC insured banks which are also members of the CDARS network. Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Due to large fluctuations in the operating checking account, there may be times when the balance is above the $250,000 FDIC threshold. At June 30, 2024 and September 30, 2023 the Company had cash deposits of $543,000 and $417,000, respectively, in the operating checking account that were in excess of the $250,000 federally insured limit with Pacific Premier Bank.

Fair Value Measurements

Our financial assets and liabilities consist principally of cash, cash equivalents, accounts receivable, accounts payable, and rental deposits, and are reported at fair value. The estimated fair value of cash, cash equivalents, accounts receivable, accounts payable and rental deposits approximates their carrying value.

Accounting Pronouncements Issued But Not Yet Adopted

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-07 expands income tax disclosures to provide information to better assess how an entity’s operations and related tax risks and tax planning and operational opportunities affect its tax rate and prospects for future cash flows. ASU 2023-09 is effective for public business entities for annual periods beginning after December 15, 2024, and can be applied on a prospective basis with an option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-09 on its financial statements and related disclosures.

In November 2023, the FASB issued Accounting Standards Update No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 expands segment disclosures for public companies. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2023-07 on its financial statements and related disclosures. This amendment will go into effect for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of ASU 2023-07 on its financial statements and related disclosures.