Capital Lease Obligations

12 Months Ended

Sep. 30, 2019

Disclosure Text Block Supplement [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 5:  Capital Lease Obligations

At September 30, 2019 and 2018, capital lease obligations consisted of the following :

	2019		2018
A 2013 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,046, including interest at 4.751% per annum, through April 2019.	$	-	$	7,210
A security system for Lot-K leased from RLC Funding, payable in monthly installments of $1,295, including interest at 13.537% per annum, through October 2018.		-		1,280
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.532% per annum, through January 2023.		41,360		52,600
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.		59,652		70,012
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.		67,465		77,800
A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.101% per annum, through December 2025.		73,724		-
	$	242,201	$	208,902
Less current portion		(43,954)		(40,426)
Total capital lease obligations, net of current portion	$	198,247	$	168,476

At September 30, 2019, future minimum payments on capital lease obligations were as follows :

For the Twelve Months Ending September 30,
2020	$	53,568
2021		53,568
2022		53,568
2023		44,640
2024		40,176
Thereafter		25,668
Present value of future minimum payments		271,188
Less amount representing interest		(28,987)
		242,201
Less current portion of capital lease obligations		(43,954)
Total capital lease obligations, net of current portion	$	198,247