PROPERTY AND EQUIPMENT

3 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

At December 31, 2019, September 30, 2019, and December 31, 2018, property and equipment included the following:

	December 31, 2019		September 30, 2019		December 31, 2018
Land	$	10,394,746	$	10,394,746	$	10,394,746
Building and resort improvements		11,342,501		11,342,501		11,353,001
Furniture, fixtures, equipment and     leasehold improvements		703,255		703,255		666,768
Transportation equipment		768,755		768,755		741,437
Construction in progress		1,510,569		1,321,095		397,466
		24,719,826		24,530,352		23,553,418
Less accumulated depreciation and amortization		(9,318,491)		(9,215,393)		(8,947,039)
	$	15,401,335	$	15,314,959	$	14,606,379

Total depreciation and amortization expense for the three months ended December 31, 2019 and 2018 was $103,098 and $105,009, respectively.

At December 31, 2019, September 30, 2019, and December 31, 2018, the cost of assets under capital lease was $398,770, $398,770, and $317,401, respectively, and related accumulated amortization was $217,554, $201,335, and $152,714, respectively.  Amortization expense on assets under capital lease was $16,209 and $12,140 for the three months ended December 31, 2019 and 2018, respectively.