PROPERTY AND EQUIPMENT

3 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

At December 31, 2022, September 30, 2022, and December 31, 2021, property and equipment included the following:

	December 31, 2022		September 30, 2022		December 31, 2021
Land	$	10,394,746	$	10,394,747	$	10,394,746
Building and resort improvements		13,174,591		13,174,590		13,185,091
Furniture, fixtures, equipment and leasehold improvements		864,385		870,440		806,474
Transportation equipment		1,000,352		959,978		807,580
Construction in progress		87,589		87,589		87,589
		25,521,663		25,487,344		25,281,480
Less accumulated depreciation and amortization		(10,566,772)		(10,456,244)		(10,096,912)
	$	14,954,891	$	15,031,100	$	15,184,568

Total depreciation and amortization expense for the three months ended December 31, 2022 and 2021 was $116,583 and $119,984, respectively.

At December 31, 2022, September 30, 2022, and December 31, 2021, the cost of assets under finance lease was $434,573, $405,819, and $405,819, respectively, and related accumulated amortization was $345,535, $331,071, and $283,312, respectively. Amortization expense on assets under finance lease was $14,464 and $15,919 for the three months ended December 31, 2022 and 2021, respectively.