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Note 5 - Other Investments (Tables)
12 Months Ended
Sep. 30, 2023
Notes Tables  
Investment [Table Text Block]
  

September 30

 

Balance Sheet location:

 

2023

  

2022

 

Other Assets:

        

MVP

 $17,096,476  $13,689,370 

Southgate

  90,617   83,705 

Investment in unconsolidated affiliates

 $17,187,093  $13,773,075 
         

Current Liabilities:

        

MVP

 $  $804,404 

Southgate

     102 

Capital contributions payable

 $  $804,506 
  

Years Ended September 30

 

Income Statement location:

 

2023

  

2022

 

Equity in earnings of unconsolidated affiliate

 $2,084,990  $73,327 
  

September 30

 
  

2023

  

2022

 

Undistributed earnings, net of income taxes, of MVP in retained earnings, excluding impairment

 $9,683,797  $8,135,482 
  

September 30

 
  

2023

  

2022

 

Cash investment

 $2,133,534  $5,260,863 

Change in accrued capital calls

  (804,506)  (1,336,131)

Pre-tax impairment

     (55,092,303)

Equity in earnings of unconsolidated affiliate

  2,084,990   73,327 

Change in investment in unconsolidated affiliates

 $3,414,018  $(51,094,244)
Equity Method Investments [Table Text Block]
  

Income Statements

 
  

Years Ended September 30

 
  

2023

  

2022

 

AFUDC

 $203,721,584  $6,883,069 

Net other income

  2,091,886   147,154 

Net income

 $205,813,470  $7,030,223 
  

Balance Sheets

 
  

September 30

 
  

2023

  

2022

 

Assets:

        

Current assets

 $795,787,358  $76,474,981 

Construction work in progress

  7,499,128,254   6,667,146,408 

Other assets

  11,639,586   8,021,877 

Total assets

 $8,306,555,198  $6,751,643,266 
         

Liabilities and Equity:

        

Current liabilities

 $236,947,158  $115,061,723 

Capital

  8,069,608,040   6,636,581,543 

Total liabilities and equity

 $8,306,555,198  $6,751,643,266