XML 24 R11.htm IDEA: XBRL DOCUMENT v3.21.2
CAPITAL LEASE OBLIGATIONS
9 Months Ended
Jun. 30, 2021
Debt And Capital Leases Disclosure [Abstract]  
Debt And Capital Leases Disclosure [Text Block]

NOTE 5:   CAPITAL LEASE OBLIGATIONS

 

At June 30, 2021, September 30, 2020, and June 30, 2020, capital lease obligations consisted of the following:

 

 

 

June 30,

2021

 

September 30,

2020

 

June 30,

2020

     

A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in Monthly installments of $1,159, including Interest at 4.532% per annum, through January 2023.

 

$

19,662

 

$

29,261

 

$

32,383

                   

A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,147, including interest at 4.644% per annum, through September 2024.

 

$

39,774

 

$

48,552

 

$

51,407

                   

A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.181% per annum, through May 2025.

 

$

47,676

 

$

56,411

 

$

59,256

                   

A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.101% per annum, through December 2025.

 

$

54,328

 

$

62,874

 

$

65,663

                   

A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027.

 

$

70,718

 

$

78,176

 

$

80,595

 

 

$

232,158

 

$

275,274

 

$

289,304

Less current portion

 

 

(60,071)

 

 

(54,749)

 

 

(57,087)

                   

Total capital lease obligations, net of current portion

 

$

172,087

 

$

220,525

 

$

232,217

For the Twelve Months Ending June 30,

2022

$

69,611

2023

61,967

2024

55,612

2025

38,736

2026

18,038

Thereafter

 

12,826

Total minimum lease payments

256,790

Less amount representing interest

 

(24,632)

Present value of lease payments

232,158

Less current portion

 

(60,071)

Capital lease obligations, net of current portion

$

172,087