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DEBT (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2024
DEBT |
Schedule of long-term obligations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 2024 |  | September 2023
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 | ​ | ​ | 4,849,552 | ​ | ​ | 5,174,188
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 | ​ | ​ | 1,783,307 | ​ | ​ | 1,891,638
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 7.28% at June 2024, collateralized by certain of Team Sledd's equipment | ​ | ​ | 216,827 | ​ | ​ | 288,237
Note payable, interest payable at a fixed rate of 6.04% with monthly installments of principal and interest of $130,036 through February 2028, collateralized by certain of Henry's equipment | ​ |  | 5,120,560 | ​ |  | 6,276,441
Unsecured note payable, interest payable at a fixed rate of 5.50% with quarterly installments of principal and interest of $727,741 through February 2027 | ​ | ​ | 7,382,259 | ​ | ​ | —
Unsecured note payable, interest payable at a fixed rate of 5.75% with quarterly installments of principal and interest of $225,761 through April 2029 | ​ | ​ | 3,900,000 | ​ | ​ | —
​ | ​ |  | 23,252,505 | ​ |  | 13,630,504
Less current maturities | ​ |  | (5,335,127) | ​ |  | (1,955,065)
​ | ​ | $ | 17,917,378 | ​ | $ | 11,675,439
Schedule of minimum principal maturities of the long-term debt | ​
​ | ​ | ​ | ​
Fiscal Year Ending |  | ​ | ​
2024 (1) | ​ | $ | 1,281,540
2025 | ​ | ​ | 5,398,998
2026 | ​ | ​ | 5,497,913
2027 | ​ |  | 4,340,960
2028 | ​ | ​ | 2,154,577
2029 and thereafter | ​ |  | 4,578,517
​ | ​ | $ | 23,252,505
(1) Represents payments for the remaining three months of Fiscal 2024.

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