Note 3: Balance Sheet Components

Property and equipment

At September 30, 2025 and 2024, property and equipment included the following:

		September 30,			September 30,
		2025			2024

Land	$	11,609,000		$	11,609,000
Building and resort improvements		13,531,000			13,382,000
Furniture, fixtures and equipment		1,105,000			1,033,000
Transportation equipment		1,092,000			1,062,000
Operating lease right-of-use asset		85,000			85,000
Construction in progress		171,000			147,000
		27,593,000			27,318,000
Less accumulated depreciation and amortization		(11,005,000	)		(10,580,000	)

	$	16,588,000		$	16,738,000

Transportation equipment includes assets under finance leases. Refer to Note 5 for additional information.

Accounts Payable and Accrued Liabilities

Accounts payable and accrued liabilities include trade payables, tourism taxes payable, property taxes payable, and other liabilities. The following table summarizes the Accounts payable and accrued liabilities as of September 30, 2025 and 2024:

		September 30,		September 30,
		2025		2024

Trade accounts payable	$	111,000	$	73,000
Accrued expenses		127,000		99,000
Tourism taxes payable		82,000		80,000
Property taxes payable		68,000		66,000
Other		62,000		72,000
	$	450,000	$	390,000

Accrued expenses in the table above relate primarily to accrued utilities and other accrued operating expenses. Other accrued liabilities in the table above relate primarily to unclaimed property and gift certificates.

Accrued Wages and Related

Accrued wages and related are primarily related to the Company's annual bonus and employee vacation liabilities.