DEBT (Tables)

12 Months Ended

Sep. 30, 2020

Schedule of revolving portion of the Facility


	2020		2019
Revolving portion of the Facility, interest payable at 2.41% at September 2020	$	61,971,682	$	60,376,714

Schedule of long-term obligations


	2020		2019
Note payable to a bank (“Real Estate Loan”), interest payable at a fixed rate of 2.99% with monthly installments of principal and interest of $38,344 through August 2021 with remaining principal due October 2021, collateralized by three distribution facilities	$	1,866,231	$	2,263,040
Note payable, interest payable at a fixed rate of 4.50% with quarterly installments of principal and interest of $49,114 through June 2023 with remaining principal due September 2023		1,259,413		1,395,351
		3,125,644		3,658,391
Less current maturities		(516,850)		(532,747)
	$	2,608,794	$	3,125,644

Schedule of minimum principal maturities of the long-term debt


Fiscal Year Ending
2021	$	516,850
2022		1,640,205
2023		968,589
2024		—
2025		—
	$	3,125,644

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details