Pismo Coast Village Recreational Vehicle Resort and Related Assets

12 Months Ended

Sep. 30, 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 September 30, 2017 and 2016, property and equipment included the following:

	2017		2016
Land	$	10,394,746	$	10,394,746
Building and resort improvements		11,343,482		11,295,967
Furniture, fixtures, equipment and leasehold improvements		666,766		661,583
Transportation equipment		704,358		632,779
Construction in progress		144,328		105,660
		23,253,680		23,090,735
Less: accumulated depreciation		(8,527,808)		(8,262,922)
	$	14,725,872	$	14,827,813

Depreciation and amortization expense was $417,899 and $414,472 for the years ended September 30, 2017 and 2016, respectively.

At September 30, 2017 and 2016, the cost of assets under capital lease was $292,802 and $263,077, respectively, and related accumulated amortization was $147,336 and $160,772, respectively. Depreciation expense on assets under capital lease was $37,545 and $25,685 for the years ended September 30, 2017 and 2016, respectively.