Property Leases

3 Months Ended

Dec. 31, 2023

Disclosure Text Block [Abstract]

Lessor, Operating Leases [Text Block]

Note 6:   Property Leases

On April 1, 2023, the Company amended a property 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 under this lease:

For the Twelve Months Ending December 31,
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 a property 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. Commencing May 1, 2023.  The following table summarizes the future operating lease income under this lease:

For the Twelve Months Ending December 31,
2024	$	36,900
2025		36,900
2026		36,900
2027		36,900
2028		36,900
Thereafter		159,900
	$	344,400

On May 1, 2023, the Company entered into a property 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. Commencing May 1, 2023.  The following table summarizes the future operating lease income under this lease:

For the Twelve Months Ending December 31,
2024	$	74,400
2025		74,400
2026		74,400
2027		74,400
2028		74,400
Thereafter		322,400
	$	694,400