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RESTRICTED CASH | 6 Months Ended
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Mar. 31, 2022
Restricted Cash |
RESTRICTED CASH | NOTE 6 – RESTRICTED CASH A subsidiary of the Company participates in a consortium in order to self-insure group care coverage for its employees. The plan is administrated by Benecon Group and the Company makes monthly deposits in a trust account to cover medical claims and any administrative costs associated with the plan. These funds, as required by the plan are restricted in nature and amounted to $1,502,490 at March 31, 2022 and $1,601,932 at September 30, 2021. Additionally, the Company has a standby letter of credit for deposit on a building lease and payable against a money market account. The amount of the standby letter of credit is $157,415 as of March 31, 2022 and September 30, 2021.

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