PROPERTY AND EQUIPMENT, NET

12 Months Ended

Sep. 30, 2024

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET

4. PROPERTY AND EQUIPMENT, NET:

Property and equipment at September 2024 and September 2023 consisted of the following:

	2024		2023
Land and improvements	$	5,619,034	$	4,292,142
Buildings and improvements		67,813,750		43,963,416
Warehouse equipment		25,509,993		23,894,049
Furniture, fixtures and leasehold improvements		19,970,335		16,869,932
Vehicles		14,040,286		12,962,265
Construction in progress		20,905,740		18,798,343
		153,859,138		120,780,147
Less accumulated depreciation:		(47,810,077)		(40,172,696)
Property and equipment, net	$	106,049,061	$	80,607,451

During fiscal 2024 and fiscal 2023, respectively, the Company capitalized approximately $0.9 million and $0.8 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.