XML 6 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
Pay Versus
Performance
This is required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K.
The following table shows the total compensation for the Company’s President (“President”) our Principal Executive Officer (“PEO”) and other Named Executive Officers (“NEO”) as set forth in the Summary Compensation Table, the compensation “actually paid” (“CAP”) to the NEOs, the Company’s total shareholder return (“TSR”), and our net income (loss) for the fiscal years ended September 30, 2024 and 2023:
 
Fiscal
Year 
  
Summary

Compensation

Table Total
For

PEO

($)(1)
    
Compensation

Actually Paid
to

PEO ($)(1)(4)
    
Average Summary

Compensation
Table

Total for Non-PEO

NEOs ($)(2)
    
Average

Compensation

Actually Paid to

Non-PEO NEOs

($)(4)
    
Value of Initial

Fixed $100

Investment Based on

TSR ($)(3)
    
Net Income

(Loss)($)
 
2024
     959,319        950,000        491,097        483,333        153.61        14,558,000  
2023
     959,319        950,000        499,292        490,833        144.48        14,666,000  
2022
     1,109,171        1,097,685        420,806        412,853        80.81        (372,000
 
(1)
For fiscal years 2022, 2023 and 2024, the Company’s PEO was Mr. Marc Elliott.
(2)
For fiscal years 2022, 2023 and 2024, the Company’s
Non-PEO
NEOs were Messrs. EJ Elliott, Dennis Hunt, and Eric Mellen.
(3)
TSR is calculated by dividing the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(4)
SEC rules require that certain adjustments be made to the Summary Compensation Table totals to determine CAP, as reported in the Pay versus Performance Table above.
   
Named Executive Officers, Footnote For fiscal years 2022, 2023 and 2024, the Company’s
Non-PEO
NEOs were Messrs. EJ Elliott, Dennis Hunt, and Eric Mellen.
   
PEO Total Compensation Amount $ 959,319 $ 959,319 $ 1,109,171
PEO Actually Paid Compensation Amount 950,000 950,000 1,097,685
Non-PEO NEO Average Total Compensation Amount 491,097 499,292 420,806
Non-PEO NEO Average Compensation Actually Paid Amount 483,333 490,833 412,853
Total Shareholder Return Amount 153.61 144.48 80.81
Net Income (Loss) 14,558,000 $ 14,666,000 $ (372,000)
Equity Awards (from Summary Compensation Table) $ 0    
PEO      
Pay vs Performance Disclosure      
PEO Name Mr. Marc Elliott