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Note 7 - Long-term Debt - Long-term Debt (Details) - USD ($) | Jun. 30, 2024 | Sep. 30, 2023
--- | --- | ---
Notes payable | $ 137,015,000 | $ 137,075,000
Unamortized Debt Issuance Costs | 303,652 | 255,272
Revolving credit facility at Daily Simple SOFR plus 2.215%, due May 2, 2026 | 7,615,825 |
Less: current maturities of long-term debt | (400,000) | (10,975,000)
Total long-term debt, net current maturities | 136,615,000 | 126,100,000
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Senior Notes Payable, at 4.26%, Due on September 18, 2034 [Member] |  |
Notes payable | 30,500,000 | 30,500,000
Unamortized Debt Issuance Costs | 98,954 | 106,195
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Term Notes Payable, at 3.58%, Due on October 2, 2027 [Member] |  |
Notes payable | 8,000,000 | 8,000,000
Unamortized Debt Issuance Costs | 15,652 | 19,264
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Term Notes Payable, at 4.41 %, Due on March 28, 2031 [Member] |  |
Notes payable | 10,000,000 | 10,000,000
Unamortized Debt Issuance Costs | 21,145 | 23,495
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Term Notes Payable, at 3.60%, Due on December 6, 2029 [Member] |  |
Notes payable | 10,000,000 | 10,000,000
Unamortized Debt Issuance Costs | 19,375 | 22,017
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Term Note Payable, at 30-day SOFR Plus 1.20%, Due August 20, 2026 [Member] |  |
Notes payable | 15,000,000 | 15,000,000
Unamortized Debt Issuance Costs | 0 | 0
Roanoke Gas Company [Member] | Unsecured Senior Notes Payable [Member] | Unsecured term note payable, at Term SOFR plus 1.00%, due October 1, 2028 [Member] |  |
Notes payable | 10,000,000 | 10,000,000
Unamortized Debt Issuance Costs | 28,784 | 33,666
RGC Midstream LLC [Member] | Revolving Credit Facility, at Daily Simple SOFR plus 2.215%, due May 2, 2026 [Member | Revolving Credit Facility [Member] |  |
Unamortized Debt Issuance Costs | 53,087 | 0
Revolving credit facility at Daily Simple SOFR plus 2.215%, due May 2, 2026 | 9,000,000 | 0
RGC Midstream LLC [Member] | Unsecured Senior Notes Payable [Member] | Unsecured term note payable at Term SOFR plus 1.75%, due December 31, 2025 [Member] |  |
Notes payable | 24,115,000 | 23,000,000
Unamortized Debt Issuance Costs | 38,758 | 23,386
RGC Midstream LLC [Member] | Unsecured Senior Notes Payable [Member] | Unsecured term note payable, at Daily Simple SOFR plus 1.26448%, due June 12, 2026[Member] |  |
Notes payable | 14,000,000 | 14,000,000
Unamortized Debt Issuance Costs | 4,815 | 6,621
RGC Midstream LLC [Member] | Unsecured Senior Notes Payable [Member] | Unsecured Term Note Payable, at 30-day LIBOR Plus 1.20%, Due June 1, 2024 [Member] |  |
Notes payable | 0 | 9,375,000
Unamortized Debt Issuance Costs | 0 | 1,571
RGC Midstream LLC [Member] | Unsecured Senior Notes Payable [Member] | Unsecured term note payable, at Daily Simple SOFR plus 1.26448%, due January 1, 2028 [Member] |  |
Notes payable | 6,400,000 | 7,200,000
Unamortized Debt Issuance Costs | $ 23,082 | $ 19,057

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)(a)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1 + Details
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- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. + References No definition available. + Details
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