PROPERTY AND EQUIPMENT

6 Months Ended

Mar. 31, 2020

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3: PROPERTY AND EQUIPMENT

At March 31, 2020, September 30, 2019, and March 31, 2019, property and equipment included the following:

	March 31, 2020		September 30, 2019		March 31, 2019
Land	$	10,394,747	$	10,394,746	$	10,394,746
Building and resort improvements		11,353,001		11,342,501		11,353,001
Furniture, fixtures, equipment and leasehold improvements		692,755		703,255		666,768
Transportation equipment		768,755		768,755		768,755
Construction in progress		1,673,938		1,321,095		875,643
		24,883,196		24,530,352		24,058,913
Less: accumulated depreciation		(9,420,093)		(9,215,393)		(9,000,604)
	$	15,463,103	$	15,314,959	$	15,058,309

Total depreciation and amortization expense was $204,700 and $212,624 for the six months ended March 31, 2020 and 2019, respectively, and $101,602 and $107,615 for the three months ended March 31, 2020 and 2019, respectively.

At March 31, 2020, September 30, 2019, and March 31, 2019, the cost of assets under capital lease was $398,770, $398,770, and $398,770 and related accumulated amortization was $233,750, $201,335 and $168,921, respectively.  Amortization expense on assets under capital lease was $32,415 and $28,347 for the six months ended March 31, 2020 and 2019, respectively, and $16,206 and $16,207 for the three months ended March 31, 2020 and 2019, respectively.