COMMON STOCK

6 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 6:  COMMON STOCK

Each share of stock is intended to provide the shareholder with free use of the resort for a maximum of 45 days per year.  If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services.

A shareholder is entitled to a pro rata share of any dividends as well as a pro rata share of the assets of the Company in the event of its liquidation or sale.  The shares are personal property and do not constitute an interest in real property.  The ownership of a share does not entitle the owner to any interest in any particular site or camping period.

During the quarter ended March 31, 2022, the Company repurchased one share of its common stock for $42,000. The repurchase was recorded as a decrease in common stock of $3,138 equal to the original sale price of the share, and a reduction of the remaining $38,862 was recorded as a reduction in retained earnings.