Capital Lease Obligations

12 Months Ended

Sep. 30, 2021

Debt And Capital Leases Disclosure [Abstract]

Debt And Capital Leases Disclosure Text Block

NOTE 5:  Capital Lease Obligations

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

	2021		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.	$	16,373	$	29,261
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.		36,762		48,552
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.		44,677		56,411
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.		51,419		62,874
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.		68,164		78,176
	$	217,395	$	275,274
Less current portion		(60,757)		(54,749)
Total capital lease obligations, net of current portion	$	156,638	$	220,525

At September 30, 2021, future minimum payments on capital lease obligations were as follows:

For the Twelve Months Ending September 30,
2022	$	69,611
2023		58,468
2024		53,374
2025		34,615
2026		13,992
Thereafter		9,328
Present value of future minimum payments		239,388
Less amount representing interest		(21,993)
		217,395
Less current portion of capital lease obligations		(60,757)
Total capital lease obligations, net of current portion	$	156,638