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LEASES (Tables)
12 Months Ended
Sep. 30, 2020
Leases  
Schedule of leases

 

 

 

 

 

 

Assets

    

Classification

    

September 2020

Operating

 

Operating lease right-of-use assets

 

$

18,936,126

 

 

 

 

 

 

Liabilities

 

 

 

 

 

Current:

 

 

 

 

 

Operating

 

Operating lease liabilities

 

$

5,607,098

Non-current:

 

 

 

 

 

Operating

 

Long-term operating lease liabilities

 

 

14,028,606

Total lease liabilities

 

 

 

$

19,635,704

 

Schedule of components of lease costs

 

 

 

 

 

 

 

 

 

    

Fiscal Year 2020

Operating lease cost

 

$

6,757,206

Short-term lease cost

 

 

261,708

Variable lease cost

 

 

350,313

Net lease cost

 

$

7,369,227

 

Schedule of maturities of lease liabilities

 

 

 

 

 

    

Operating Leases

2021

 

$

6,279,478

2022

 

 

5,309,736

2023

 

 

4,032,833

2024

 

 

2,841,950

2025

 

 

1,795,480

2026 and thereafter

 

 

1,050,961

Total lease payments

 

 

21,310,438

Less: interest

 

 

(1,674,734)

Present value of lease liabilities

 

$

19,635,704

 

Schedule of weighted-average remaining lease term and weighted-average discount rate

 

 

 

 

Lease Term

   

September 2020

 

Weighted-average remaining lease term (years):

 

 

 

Operating

 

4.2

 

Discount Rate

 

 

 

Weighted-average discount rate:

 

 

 

Operating

 

4.04

%

 

Schedule of other information regarding the Company’s leases

 

 

 

 

 

    

For the year ended September 2020

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

Operating cash flows used by operating leases

 

$

6,661,365

Lease liabilities arising from obtaining new ROU assets:

 

 

 

Operating leases

 

$

3,116,737

 

Schedule of future minimum operating lease payments

 

 

 

 

 

    

Operating

Fiscal Year Ending

 

Leases

2020

 

$

6,468,837

2021

 

 

5,418,617

2022

 

 

4,299,261

2023

 

 

3,216,671

2024

 

 

2,456,810

Thereafter

 

 

2,387,618

Total minimum lease payments

 

$

24,247,814