PROPERTY AND EQUIPMENT

3 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

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

	December 31, 2017		September 30, 2017		December 31, 2016
Land	$	10,394,746	$	10,394,746	$	10,394,746
Building and resort improvements		11,343,482		11,343,482		11,295,967
Furniture, fixtures, equipment and     leasehold improvements		666,768		666,766		661,380
Transportation equipment		704,359		704,358		632,779
Construction in progress		178,853		144,328		113,644
		23,288,208		23,253,680		23,098,516
Less: accumulated depreciation		(8,364,633)		(8,527,808)		(8,362,164)
Total	$	14,653,545	$	14,725,872	$	14,736,352

Depreciation expense for the three months ended December 31, 2017 and 2016 was $95,946 and $93,507, respectively.

At December 31, 2017, September 30, 2017, and December 31, 2016, the cost of assets under capital lease was $292,802, $292,802, and $263,077, respectively, and related accumulated amortization was $158,245, $147,336, and $170,547, respectively. Amortization expense on assets under capital lease was $10,909 and $9,775 for the three months ended December 31, 2017 and 2016, respectively.