INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2025

INCOME TAXES

Schedule of components of income tax expense from operations

	2025		2024
Current: Federal	$	882,596	$	2,998,194
Current: State		438,650		671,450
		1,321,246		3,669,644
Deferred: Federal		(277,146)		(461,826)
Deferred: State		(49,100)		(81,818)
		(326,246)		(543,644)
Income tax expense	$	995,000	$	3,126,000

Schedule of difference between the income tax expense and that which would be calculated using the statutory income tax rate

	2025		2024
Tax at statutory rate	$	328,385	$	1,567,122
Nondeductible business expenses		517,964		1,162,221
State income taxes, net of federal tax benefit		244,827		472,853
Tax attributable to non-controlling interest		(103,536)		(203,757)
Other		7,360		127,561
	$	995,000	$	3,126,000

Schedule of temporary differences between the financial statement carrying balances and tax basis of assets and liabilities giving rise to a net deferred tax asset (liabilities)

	2025		2024
Deferred tax assets:
Allowance for expected credit losses	$	280,444	$	252,263
Accrued expenses		119,210		—
Inventory		545,404		559,277
Other		573,704		838,158
Interest expense limitation		3,240,394		1,667,806
Net operating loss carry forwards - state		697,013		697,013
Total gross deferred tax assets		5,456,169		4,014,517
Less: Valuation allowance		(697,013)		(697,013)
Total net deferred tax assets		4,759,156		3,317,504
Deferred tax liabilities:
Trade discounts		553,894		554,066
Operating lease, right-of-use assets		99,457		99,488
Property and equipment		7,068,176		5,834,321
Goodwill		921,799		921,799
Accrued expenses		—		117,878
Intangible assets		163,900		164,268
Total deferred tax liabilities		8,807,226		7,691,820
Total net deferred income tax liability	$	4,048,070	$	4,374,316