DEBT (Tables)

12 Months Ended

Sep. 30, 2022

DEBT

Schedule of long-term obligations

	2022		2021
Real Estate Loan, interest payable at a fixed rate of 3.625% with monthly installments of principal and interest of $47,399 through February 2025 with remaining principal due March 2025, collateralized by three distribution facilities	$	—	$	4,498,213
Unsecured note payable, interest payable at a fixed rate of 4.50% with quarterly installments of principal and interest of $49,114 through June 2023 with remaining principal due September 2023		968,589		1,117,254
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		5,572,766		—
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		2,052,327		—
Note payable with monthly installments of principal and interest of $7,934 through February 2025 with remaining principal due March 2025, and an effective variable rate of 2.90% at September 2022, collateralized by certain of Team Sledd's equipment		385,887		—
		8,979,569		5,615,467
Less current maturities		(1,595,309)		(561,202)
	$	7,384,260	$	5,054,265

Schedule of minimum principal maturities of the long-term debt

Fiscal Year Ending
2023	$	1,595,309
2024		676,613
2025		806,357
2026		628,351
2027		653,243
2028 and thereafter		4,619,696
	$	8,979,569