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Related Party Transactions

12 Months Ended

Sep. 30, 2019

NOTE 12

PARTY TRANSACTIONS

Marcar Leasing Corporation (“Marcar”) was engaged in leasing vehicles and forklifts to the Company. Marcar is owned by a family member of the Company’s chairman. New leases between the Company and Marcar provided for equal monthly payments. On October 5, 2017, the Company agreed to purchase leased vehicles and forklifts under contract with Marcar for $320,000.

There were no lease payments made to Marcar during fiscal 2018.

The Company has no further obligation to Marcar.