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DEBT (Tables)

12 Months Ended

Sep. 30, 2019

DEBT

Schedule of revolving portion of the Facility

		2019			2018
Revolving portion of the Facility, interest payable at 3.89% at September 2019		$	60,376,714		$	35,428,597

Schedule of long-term obligations

		2019			2018
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 September 2021, collateralized by three distribution facilities		$	2,263,040		$	2,648,179
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			1,395,351			1,476,772
Note payable, interest-free with varying installments during fiscal 2019			—			629,746
			3,658,391			4,754,697
Less current maturities			(532,747)			(1,096,306)
		$	3,125,644		$	3,658,391

Schedule of minimum principal maturities of the long-term debt

Fiscal Year Ending
2020		$	532,747
2021			2,008,390
2022			148,665
2023			968,589
2024			—
		$	3,658,391

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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.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to 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.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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