PROPERTY AND EQUIPMENT

6 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

At March 31, 2023, September 30, 2022, and March 31, 2022, property and equipment included the following:

		March 31,		September 30,		March 31,
		2023		2022		2022
Land	$	10,394,747	$	10,394,747	$	10,394,747
Building and resort improvements		13,222,708		13,174,590		13,185,090
Furniture, fixtures, equipment and leasehold improvements		871,179		870,440		816,943
Transportation equipment		1,000,352		959,978		807,580
Construction in progress		196,604		87,589		87,589
		25,685,590		25,487,344		25,291,949
Less accumulated depreciation and amortization		(10,684,378)		(10,456,244)		(10,216,017)
	$	15,001,212	$	15,031,100	$	15,075,932

Total depreciation and amortization expenses were $234,188 and $239,087 for the six months ended March 31, 2023 and 2022, respectively, and $117,605 and $119,103 for the three months ended March 31, 2023 and 2022, respectively.

At March 31, 2023, September 30, 2022, and March 31, 2022, the cost of assets under finance lease was $434,573, $405,819, and $405,819 and related accumulated amortization was $359,999, $331,071 and $251,631 respectively. Amortization expense on assets under finance lease was $28,928 and $31,839 for the six months ended March 31, 2023 and 2022, respectively, and $14,464 and $15,920 for the three months ended March 31, 2023 and 2022, respectively.