Capital Lease Obligations

9 Months Ended

Jun. 30, 2018

Disclosure Text Block Supplement [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 6 – Capital Lease Obligations

At June 30, 2018, September 30, 2017, and June 30, 2017, capital lease obligations consisted of the following:

	June 30, 2018 (Unaudited)		September 30, 2017     (Audited)		June 30, 2017 (Unaudited)
A 2013 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,046, including interest at 4.75% per annum, through April 2019.	$	10,239	$	19,115	$	22,004
A security system for Lot-K leased from RLC Funding, payable in monthly installments of $1,295, including interest at 13.54% per annum, through October 2018.		5,037		15,576		18,860
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.53% per annum, through January 2023.		55,332		63,342		65,953
A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.644% per annum, through September 2024.		72,527		80,706
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.181% per annum, through May 2025.		80,318
		223,453		178,739		106,817
Less current portion		(46,859)		(47,638)		(36,211)
Total capital lease obligations, net of current portion	$	176,594	$	131,101	$	70,606

At June 30, 2018, future minimum payments on the capital lease obligations were as follows:

For the Year Ending June 30,
2019	$	55,816
2020		40,176
2021		40,176
2022		40,176
2023		34,596
Thereafter		42,408
Total minimum lease payments		253,348
Less amount representing interest		(29,895)
Present value of lease payments		223,453
Less current portion		(46,859)
Capital lease obligations, net of current portion	$	176,594