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5. Notes Payable (Tables) | 9 Months Ended
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Jun. 30, 2016
Debt Disclosure [Abstract] |
Schedule of credit line debt |
|  | June 30, |  |  | September 30, |
|  | 2016 |  |  | 2015 |
Base Rate Revolver Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table below), maturity date July 6, 2020 |  | $ | 4,955,962 |  |  | $ | 7,225,745 |
Base Rate Term Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table below) fixed coverage ratio, maturity date July 6, 2020 |  |  | 3,580,617 |  |  |  | 7,628,438 |
Note payable to individual, payable on demand, interest at 10.0% per annum, unsecured |  |  | 90,148 |  |  |  | 92,441 |
Acquisition note payable, due September 6, 2016, as amended, non-interest bearing |  |  | 50,000 |  |  |  | 395,251 |
Note payable to Store Capital Acquisitions, LLC, due June 13, 2056, monthly principal and interest payments of $73,970, interest at 9.25% per annum, secured by land and buildings |  |  | 9,355,521 |  |  |  | – |
Note payable to individual, payable within 90 days of a written demand notice, interest at 10.0% per annum, unsecured |  |  | 495,000 |  |  |  | – |
Note payable to individual, payable within 90 days of a written demand notice, interest at 10.0% per annum, unsecured |  |  | 200,000 |  |  |  | – |
Credit line due January 1, 2024, with interest rate of 2.75% |  |  | 453,588 |  |  |  | 669,351 |
Total debt |  |  | 19,180,836 |  |  |  | 16,011,226 |
Less debt discount |  |  | (415,757 | ) |  |  | – |
Net amount |  |  | 18,765,079 |  |  |  | 16,011,226 |
Current portion |  |  | 1,811,701 |  |  |  | 1,443,036 |
Long-term portion |  | $ | 16,953,378 |  |  | $ | 14,568,190 |
Fixed coverage ratio table |
Level | Fixed Charge Coverage Ratio | Base Rate Revolver Loan | LIBOR Revolver Loans | Base Rate Term Loans | LIBOR Term Loans
I | greater than 2.0 to 1 | 0.50% | 1.50% | 0.75% | 1.75%
II | less than or equal to 2.0 to 1 but greater than 1.5 to 1 | 0.75% | 1.75% | 1.00% | 2.00%
III | less than or equal to 1.5 to 1 but greater than 1.2 to 1 | 1.00% | 2.00% | 1.25% | 2.25%
IV | less than or equal to 1.2 to 1 | 1.25% | 2.25% | 1.50% | 2.5%

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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