LINE OF CREDIT

6 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

LINE OF CREDIT

NOTE 11 LINE OF CREDIT

The Company, specifically IPS, has a $1,300,000 revolving line of credit with a bank which was renewed in March 2023. The line of credit is guaranteed by the Company and is secured by all of IPS’ assets. The interest rate on the line of credit is 0.75% above The Wall Street Journal prime rate. The effective interest rate was 9.25% at March 31, 2024 and September 30, 2023. At March 31, 2024, the Company had $1,300,000 available under the line of credit, which has a maturity date of May 31, 2024 and will not be renewed.