COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Dec. 31, 2023

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum payments under finance leases

Nine months ending September 30, 2024	$	1,995,000
Year ending September 30,
2025		2,741,000
2026		2,832,000
2027		2,923,000
2028		3,015,000
2029		252,000
Thereafter		-
Total future minimum lease obligation		13,758,000
Less imputed interest on finance lease obligations		(2,463,000	)
Net present value of financing lease obligations		11,295,000
Less net present value of financing lease obligations – current portion		(1,827,000	)
Net present value of financing lease obligations - non-current portion	$	9,468,000

Schedule of future minimum payments under operating leases

Nine months ending September 30, 2024	$	268,000
Year ending September 30,
2025		366,000
2026		287,000
2027		277,000
2028		285,000
2029		294,000
Thereafter		746,000
Total future minimum lease obligation		2,523,000
Less imputed interest on operating lease obligation		(720,000	)
Net present value of operating lease obligations		1,803,000
Less net present value of operating lease obligations - current portion		(204,000	)
Net present value of operating lease obligations - non-current portion	$	1,599,000