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LEASES (Tables)
9 Months Ended
Jun. 30, 2020
Leases  
Schedule of leases

 

 

 

 

 

 

Assets

    

Classification

    

June 2020

Operating

 

Operating lease right-of-use assets

 

$

19,705,044

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current:

 

 

 

 

 

Operating

 

Operating lease liabilities

 

$

5,486,963

Non-current:

 

 

 

 

 

Operating

 

Long-term operating lease liabilities

 

 

14,578,728

Total lease liabilities

 

 

 

$

20,065,691

 

Schedule of components of lease costs

 

 

 

 

 

 

    

 

 

 

 

Total

THREE MONTHS ENDED JUNE 2020

 

 

 

Operating lease cost

 

$

1,674,003

Short-term lease cost

 

 

79,334

Variable lease cost

 

 

82,092

Net lease cost

 

$

1,835,429

 

 

 

 

 

 

 

 

 

 

 

Total

NINE MONTHS ENDED JUNE 2020

 

 

 

Operating lease cost

 

$

5,005,627

Short-term lease cost

 

 

246,776

Variable lease cost

 

 

251,319

Net lease cost

 

$

5,503,722

 

Schedule of maturities of lease liabilities

 

 

 

 

 

    

Operating Leases

2020

 

$

6,177,926

2021

 

 

5,223,564

2022

 

 

4,031,833

2023

 

 

3,200,980

2024

 

 

1,878,839

2025 and thereafter

 

 

1,345,755

Total lease payments

 

 

21,858,897

Less: interest

 

 

(1,793,206)

Present value of lease liabilities

 

$

20,065,691

 

Schedule of weighted-average remaining lease term and weighted-average discount rate

 

 

 

 

 

 

Lease Term

 

June 2020

Weighted-average remaining lease term (years):

 

 

 

Operating

 

4.4

 

Discount Rate

 

 

 

Weighted-average discount rate:

 

 

 

Operating

 

4.04

%  

 

Schedule of other information regarding the Company’s leases

 

 

 

 

 

    

For the nine months ended June 2020

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash flows used by operating leases

 

$

4,949,672

Lease liabilities arising from obtaining new ROU assets:

 

 

 

Operating leases

 

$

2,188,685

 

Schedule of future minimum operating lease payments

 

 

 

 

 

    

Operating

Fiscal Year Ending

 

Leases

2020

 

$

6,468,837

2021

 

 

5,418,617

2022

 

 

4,299,261

2023

 

 

3,216,671

2024

 

 

2,456,810

Thereafter

 

 

2,387,618

Total minimum lease payments

 

$

24,247,814