Leases - Lessor

12 Months Ended

Sep. 30, 2023

Disclosure Text Block [Abstract]

Lessor, Operating Leases [Text Block]

Note 6: Leases – Lessor

On April 1, 2023, the Company amended an operating lease agreement for a Billboard located in Santa Maria, CA. The lease is a 10-year lease, expiring May 30, 2033. The lease calls for annual income of $12,536 for years 1 to 5 and will increase to $15,036 per year for years 6 to 10.

The following table summarizes the future operating lease income.

For the Twelve Months Ending   September 30
2024	$	12,536
2025		12,536
2026		12,536
2027		12,536
2028		12,536
Thereafter		75,180
	$	137,860

On May 1, 2023, the Company entered into an operating lease agreement for commercial building space at 180 S. Dolliver St., Pismo Beach, CA 93449. The lease is a 10-year lease, expiring May 30, 2033, and calls for monthly income of $3,075. Commences May 1, 2023.

The following table summarizes the future operating lease income.

For the Twelve Months Ending  September 30
2024	$	36,900
2025		36,900
2026		36,900
2027		36,900
2028		36,900
Thereafter		169,125
	$	353,625

On May 1, 2023, the Company entered into an operating lease agreement for commercial building space at 2096 Nipomo St., Oceano, CA 93445. The lease is a 10-year lease, expiring May 30, 2033, and calls for monthly income of $6,200. Commences May 1, 2023.

The following table summarizes the future operating lease income.

For the Twelve Months Ending   September 30
2024	$	74,400
2025		74,400
2026		74,400
2027		74,400
2028		74,400
Thereafter		341,000
	$	713,000