Accounting Policies, by Policy (Policies)

3 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect certain reported amounts and disclosures.  Accordingly, actual results could differ from those estimates.

Revenue from Contract with Customer [Policy Text Block]

Revenue from Contracts with Customers

Tourism Taxes

As of December 31, 2023, September 30, 2023 and December 31, 2022 the Company had $47,682, $80,443, and $45,429 in Transient Occupancy Taxes (TOT) and Tourism Business Improvement District (TBID) assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the combined balance sheet, respectively.

Disaggregation of Revenue

Revenue from site rentals, storage rental, spotting, and store and accessory sales accounts for approximately 64%, 19%, 5%, and 7% of the Company total revenue for the period ended December 31, 2023, respectively.  Revenue from other ancillary goods and services accounts for the remaining 5% of revenue for the period ended December 31, 2023.

Customer Deposits

As of December 31, 2023, September 30, 2023 and December 31, 2022, the Company had $2,311,454, $2,084,012, and $2,427,336, respectively, of customer deposits related to prepaid accommodations on the balance sheet.

Advertising Cost [Policy Text Block]

Advertising

Advertising expense was $13,340 and $13,726 for the three months ended December 31, 2023 and 2022, respectively. 

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentration of Credit Risk

At December 31, 2023, September 30, 2023, and December 31, 2022 the Company had cash deposits of $296,909, $417,269, and $721,703, respectively, in excess of the $250,000 federally insured limit with Pacific Premier Bank.  However, because Pacific Premier Bank is a member of the Certificate of Deposit Account Registry Service (CDARS), large deposits are divided into smaller amounts and placed with other FDIC insured banks which are also members of the CDARS network.  Then, those member banks issue CDs in amounts under $250,000, so that the entire deposit balance is eligible for FDIC insurance. Due to large fluctuations in the Operating checking account, there may be times when the balance is above the $250,000 FDIC threshold.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measures

Our financial assets and liabilities consist principally of cash, cash equivalents, investments, accounts receivable, accounts payable, and rental deposits, and are reported at fair value. The estimated fair value of cash, cash equivalents, accounts receivable, accounts payable and rental deposits approximates their carrying value. The estimated fair value of our investments is based upon quoted market prices using Level 1 input.

The fair value of US treasury instruments as of December 31, 2023 and 2022 were $1,055,829 and $1,000,000, respectively.  During the three months ended December 31, 2023 there was no material change in the items we measure and record at fair value on a recurring basis. Additionally, there were no transfers between levels of the fair value hierarchy in the three months ended December 31, 2023.