DEBT (Tables)

12 Months Ended

Sep. 30, 2025

DEBT

Schedule of long-term obligations

	2025		2024
Note payable, interest payable at a fixed rate of 4.10% with monthly installments of principal and interest of $53,361 through June 2033 with remaining principal due July 2033, collateralized by Team Sledd's principal office and warehouse	$	4,284,620	$	4,739,192
Note payable, interest payable at a fixed rate of 3.25% with monthly installments of principal and interest of $17,016 through August 2034 with remaining principal due September 2034, collateralized by Team Sledd's principal office and warehouse		1,596,790		1,746,606
Note payable, interest payable at a fixed rate of 6.04% with monthly installments of principal and interest of $127,542 through February 2028, collateralized by certain of Henry's equipment		3,433,306		4,793,228
Unsecured note payable, interest payable at a fixed rate of 5.50% with quarterly installments of principal and interest of $727,741 through February 2027		4,163,784		6,756,024
Unsecured note payable, interest payable at a fixed rate of 5.75% with quarterly installments of principal and interest of $225,761 through April 2029		3,026,759		3,730,301
		16,505,259		21,765,351
Less current maturities		(5,471,310)		(5,202,443)
	$	11,033,949	$	16,562,908

Schedule of minimum principal maturities of the long-term debt

Fiscal Year Ending
2026	$	5,471,310
2027		4,312,703
2028		2,142,290
2029		1,364,320
2030		734,050
2031 and thereafter		2,480,586
	$	16,505,259