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Property and Equipment
12 Months Ended
Sep. 30, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment
NOTE 4 – PROPERTY AND EQUIPMENT
Property and equipment as of September 30, 2024 and 2023 consisted of the following:
 
     September 30,  
     2024      2023  
Land and improvements
   $ 3,425,000      $ 3,425,000  
Buildings and improvements
     15,236,000        14,882,000  
Equipment
     26,987,000        27,249,000  
  
 
 
    
 
 
 
     45,648,000        45,556,000  
Less: Accumulated depreciation and amortization
     (34,176,000      (32,310,000
  
 
 
    
 
 
 
Property and equipment, net
   $ 11,472,000      $ 13,246,000  
  
 
 
    
 
 
 
Property and equipment includes approximately $23,365,000 and $22,693,000 of fully depreciated assets, which remained in service during fiscal 2024 and 2023,
respectively
. Also, included in property and equipment as of September 30, 2024 and 2023 is approximately $1,327,000 and $1,295,000, respectively, of assets not yet placed in operation and, therefore, not subject to depreciation during the years ended September 30, 2024 and 2023, respectively.