Nature of Business and Basis of Presentation

9 Months Ended

Jun. 30, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature of Business and Basis of Presentation [Text Block]

Note 1:  Nature of Business and Basis of Presentation

Description of Business

Pismo Coast Village, Inc. (the "Company" or "we" or "our" or "Resort") owns and manages a recreational vehicle ("RV") camping resort. Its revenue streams originate primarily from camping site rentals, recreational vehicle storage, tow services, and retail sales through a general store.

The Company operates in one operating segment, as an RV resort.  We determine our operating segment considering our overall management structure, how forecasts are approved, and how executive compensation is determined, as well as how our board of directors, who represent our chief operating decision maker, regularly review our operating results, assess performance, allocate resources, and make decisions regarding the Company's operations.

Basis of Presentation

The accompanying unaudited Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. In accordance with these rules and regulations, we have omitted certain information and notes normally provided in our annual financial statements. The Company qualifies as a "smaller reporting company" as defined in Rule 12b-2 under the Securities Exchange Act of 1934, and, as such, may take advantage of specified reduced reporting requirements and deferred accounting standards adoption dates, and is relieved of other requirements that are otherwise generally applicable to other public companies.

In the opinion of management, the unaudited Financial Statements contain all adjustments, consisting only of normal recurring items, necessary for the fair presentation of our financial position and results of operations for the interim periods. The results of operations for the three and nine months ended June 30, 2025 are not necessarily indicative of the results expected for the entire fiscal year.

Certain prior period amounts have been reclassified to conform to current year presentation. Namely, revenue from property leases is presented as a separate revenue line on the Statements of Comprehensive Income (Loss).

These unaudited Financial Statements should be read in conjunction with the audited Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024.

Seasonality

The Company's business is seasonal in nature with the three months ending September 30, the summer, being its busiest quarter, as illustrated by the following table which depicts quarterly revenue and income (loss) from operations for the past ten quarters:

			2025			2024			2023
Revenue for the three months ended
	June 30	$	2,911,000		$	2,680,000		$	2,701,000
	September 30				$	3,027,000		$	2,875,000
	December 31				$	2,053,000		$	2,085,000
	March 31	$	1,966,000		$	1,935,000		$	2,013,000
Income (loss) from operations for the three months ended
	June 30	$	810,000		$	832,000		$	653,000
	September 30				$	481,000		$	537,000
	December 31				$	(161,000	)	$	(60,000	)
	March 31	$	(187,000	)	$	(13,000	)	$	(33,000	)

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures.  We base our estimates on both positive and negative evidence, historical experience and information available at the time these estimates are made. Examples of such estimates include estimates of the useful life of long-lived assets, assessments of long-lived asset impairments and allowances for credit losses. Actual results could differ materially from these estimates.