DEBT (Tables)

12 Months Ended

Sep. 30, 2024

DEBT

Schedule of long-term obligations

	2024		2023
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		4,739,192		5,174,188
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		1,746,606		1,891,638
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 7.58% at September 2023, collateralized by certain of Team Sledd's equipment		—		288,237
Note payable, interest payable at a fixed rate of 6.04% with monthly installments of principal and interest of $129,685 through February 2028, collateralized by certain of Henry's equipment		4,793,228		6,276,441
Unsecured note payable, interest payable at a fixed rate of 5.50% with quarterly installments of principal and interest of $727,741 through February 2027		6,756,024		—
Unsecured note payable, interest payable at a fixed rate of 5.75% with quarterly installments of principal and interest of $225,761 through April 2029		3,730,301		—
		21,765,351		13,630,504
Less current maturities		(5,202,443)		(1,955,065)
	$	16,562,908	$	11,675,439

Schedule of minimum principal maturities of the long-term debt

Fiscal Year Ending
2025	$	5,202,443
2026		5,494,162
2027		4,336,975
2028		2,152,843
2029		1,364,320
2030 and thereafter		3,214,608
	$	21,765,351