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v3.23.1

DEBT (Tables) | 6 Months Ended
--- | ---
Mar. 31, 2023
DEBT |
Schedule of long-term obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 2023 |  | September 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 | ​ | ​ | 891,725 | ​ | ​ | 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 | ​ | ​ | 5,384,871 | ​ | ​ | 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 | ​ | ​ | 1,962,408 | ​ | ​ | 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 2.90% at September 2022, collateralized by certain of Team Sledd's equipment | ​ | ​ | 335,843 | ​ | ​ | 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 | ​ |  | 6,899,781 | ​ |  | —
​ | ​ |  | 15,474,628 | ​ |  | 8,979,569
Less current maturities | ​ |  | (2,758,738) | ​ |  | (1,595,309)
​ | ​ | $ | 12,715,890 | ​ | $ | 7,384,260
​
Schedule of minimum principal maturities of the long-term debt | ​
​ | ​ | ​ | ​
Fiscal Year Ending |  | ​ | ​
2023 (1) | ​ | $ | 1,802,590
2024 | ​ | ​ | 1,957,369
2025 | ​ | ​ | 2,166,686
2026 | ​ |  | 2,073,198
2027 | ​ | ​ | 2,187,857
2028 and thereafter | ​ |  | 5,286,928
​ | ​ | $ | 15,474,628
(1)Represents payments for the remaining six months of Fiscal 2023. ​

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