XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.25.3

INCOME TAXES | 12 Months Ended
--- | ---
Sep. 30, 2025
INCOME TAXES |
INCOME TAXES | 8. INCOME TAXES: ​ The components of income tax expense from operations for fiscal 2025 and fiscal 2024 consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024
Current: Federal | ​ | $ | 882,596 | ​ | $ | 2,998,194
Current: State | ​ |  | 438,650 | ​ |  | 671,450
​ | ​ |  | 1,321,246 | ​ |  | 3,669,644
Deferred: Federal | ​ |  | (277,146) | ​ |  | (461,826)
Deferred: State | ​ |  | (49,100) | ​ |  | (81,818)
​ | ​ |  | (326,246) | ​ |  | (543,644)
Income tax expense | ​ | $ | 995,000 | ​ | $ | 3,126,000
​ The difference between the Company’s income tax expense in the accompanying consolidated financial statements and the amount that would be calculated using the statutory income tax rate of 21% for both fiscal 2025 and fiscal 2024 on income from operations before income taxes is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024
Tax at statutory rate | ​ | $ | 328,385 | ​ | $ | 1,567,122
Nondeductible business expenses | ​ |  | 517,964 | ​ |  | 1,162,221
State income taxes, net of federal tax benefit | ​ |  | 244,827 | ​ |  | 472,853
Tax attributable to non-controlling interest | ​ | ​ | (103,536) | ​ | ​ | (203,757)
Other | ​ |  | 7,360 | ​ |  | 127,561
​ | ​ | $ | 995,000 | ​ | $ | 3,126,000
​ ​ Temporary differences between the financial statement carrying balances and tax basis of assets and liabilities giving rise to net deferred tax assets (liabilities) at September 2025 and September 2024 relates to the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2025 |  | 2024
Deferred tax assets: | ​ | ​ | ​ | ​ | ​ | ​
Allowance for expected credit losses | ​ | $ | 280,444 | ​ | $ | 252,263
Accrued expenses | ​ |  | 119,210 | ​ |  | —
Inventory | ​ |  | 545,404 | ​ |  | 559,277
Other | ​ |  | 573,704 | ​ |  | 838,158
Interest expense limitation | ​ | ​ | 3,240,394 | ​ | ​ | 1,667,806
Net operating loss carry forwards - state | ​ |  | 697,013 | ​ |  | 697,013
Total gross deferred tax assets | ​ |  | 5,456,169 | ​ |  | 4,014,517
Less: Valuation allowance | ​ |  | (697,013) | ​ |  | (697,013)
Total net deferred tax assets | ​ | ​ | 4,759,156 | ​ | ​ | 3,317,504
Deferred tax liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Trade discounts | ​ | ​ | 553,894 | ​ | ​ | 554,066
Operating lease, right-of-use assets | ​ | ​ | 99,457 | ​ | ​ | 99,488
Property and equipment | ​ |  | 7,068,176 | ​ |  | 5,834,321
Goodwill | ​ |  | 921,799 | ​ |  | 921,799
Accrued expenses | ​ | ​ | — | ​ | ​ | 117,878
Intangible assets | ​ |  | 163,900 | ​ |  | 164,268
Total deferred tax liabilities | ​ | ​ | 8,807,226 | ​ | ​ | 7,691,820
Total net deferred income tax liability | ​ | $ | 4,048,070 | ​ | $ | 4,374,316
​ The Company had a valuation allowance of approximately $0.7 million at both September 2025 and September 2024, against certain state net operating losses, which more likely than not will not be utilized. The Company had no material unrecognized tax benefits, interest, or penalties during fiscal 2025 or fiscal 2024, and the Company does not anticipate any such items during the next twelve months. The Company’s policy is to record interest and penalties directly related to income taxes as income tax expense in the Consolidated Statements of Operations. The Company files income tax returns in the U.S. and various states and the tax years 2022 and forward remain open under U.S. and state statutes. During the fourth quarter of fiscal 2025, the One Big Beautiful Bill Act was signed into law. The Company is evaluating any impacts the legislation may have on its consolidated financial statements.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income tax. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477891/740-270-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-13 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/740/tableOfContent Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-14 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-21 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-17 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration