PROPERTY AND EQUIPMENT, NET

12 Months Ended

Sep. 30, 2022

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

4. PROPERTY AND EQUIPMENT, NET:

Property and equipment at September 2022 and September 2021 consisted of the following:

	2022		2021
Land and improvements	$	2,747,857	$	773,068
Buildings and improvements		30,515,259		12,616,923
Warehouse equipment		17,488,059		15,859,084
Furniture, fixtures and leasehold improvements		14,190,976		13,426,684
Vehicles		4,531,831		4,085,971
Construction in progress		12,216,453		93,162
		81,690,435		46,854,892
Less accumulated depreciation:		(33,604,915)		(30,842,368)
Property and equipment, net	$	48,085,520	$	16,012,524

During fiscal 2022, the Company capitalized approximately $0.1 million of interest on funds borrowed to finance certain capital expenditures. Capitalized interest is recorded as part of an asset’s cost and will be depreciated over the asset’s useful life.