PROPERTY AND EQUIPMENT

9 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – PROPERTY AND EQUIPMENT

On June 30, 2023, September 30, 2022, and June 30, 2022, property and equipment included the following:

	June 30, 2023		September 30, 2022 PY		June 30, 2022 PY
Land	$	11,608,709	$	10,394,747	$	10,394,747
Building and resort improvements		13,262,158		13,174,590		13,174,591
Furniture, fixtures, equipment and     leasehold improvements		865,267		870,440		842,865
Transportation equipment		979,354		959,978		808,080
Construction in progress		176,305		87,589		87,589
		26,891,793		25,487,344		25,307,872
Less accumulated depreciation		(10,773,210)		(10,456,244)		(10,334,280)
Property and equipment, net	$	16,118,583	$	15,031,100	$	14,973,592

Total depreciation and amortization expenses were $349,928 and $357,350 for the nine months ended June 30, 2023, and 2022, respectively, and $115,740 and $118,263 for the three months ended June 30, 2023, and 2022, respectively. 

On June 30, 2023, September 30, 2022, and June 30, 2022, the cost of assets under capital lease was $434,573, $405,819, and $405,819, respectively, and related accumulated amortization was $374,463, $331,071, and $315,151, respectively.  Amortization expense on assets under capital lease was $43,392, and $47,758 for the nine months ended June 30, 2023, and 2022, respectively, and $14,464 and $15,919 for the three months ended June 30, 2023, and 2022, respectively.