DEBT (Tables)

12 Months Ended

Sep. 30, 2023

DEBT

Schedule of long-term obligations

	2023		2022
Unsecured 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		—		968,589
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		5,174,188		5,572,766
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		1,891,638		2,052,327
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		385,887
Note payable, interest payable at a fixed rate of 6.04% with monthly installments of principal and interest of $135,469 through February 2028, collateralized by certain of Henry's equipment		6,276,441		—
		13,630,504		8,979,569
Less current maturities		(1,955,065)		(1,595,309)
	$	11,675,439	$	7,384,260

Schedule of minimum principal maturities of the long-term debt

Fiscal Year Ending
2024	$	1,955,065
2025		2,155,322
2026		2,070,599
2027		2,185,096
2028		1,345,134
2029 and thereafter		3,919,288
	$	13,630,504