PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

6 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

At March 31, 2017, September 30, 2016, and March 31, 2016, property and equipment included the following:

	March 31, 2017		September 30, 2016		March 31, 2016
Land	$	10,394,746	$	10,394,746	$	10,394,746
Building and resort improvements		11,295,967		11,295,967		11,227,437
Furniture, fixtures, equipment and     leasehold improvements		661,380		661,583		694,354
Transportation equipment		657,518		632,779		625,219
Construction in progress		156,734		105,660		79,378
		23,166,345		23,090,735		23,021,134
Less: accumulated depreciation		(8,466,026)		(8,262,922)		(8,055,072)
	$	14,700,319	$	14,827,813	$	14,966,062

Depreciation expense was $207,726 and $205,457 for the six months ended March 31 2017 and 2016, respectively.

At March 31, 2017, September 30, 2016, and March 31, 2016, the cost of assets under capital lease was $263,077, and related accumulated depreciation was $180,323, $160,772, and $140,459, respectively. Depreciation expense on assets under capital lease was $19,551, $37,039, and $16,726 for the six months ended March 31, 2017, September 30, 2016, and March 31, 2016, respectively.