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LINES OF CREDIT AND LONG-TERM LIABILITIES | 3 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
LINES OF CREDIT AND LONG-TERM LIABILITIES | NOTE 15 – LINES OF CREDIT AND LONG-TERM LIABILITIES The following table outlines the Company’s lines of credit and liabilities. SCHEDULE OF LINES OF CREDIT AND LIABILITIES
|  |  |  |  |  | December 31, |  |  | September 30, |
|  | Interest Rate |  | Maturity |  | 2022 |  |  | 2022 |
Fulton Bank line of credit $3,500,000 - The terms of this line of credit are subject to the bank’s review annually on February 1. |  | Secured Overnight Financing Rate (“SOFR”) plus 2.37% (6.67% as of December 31, 2022 and 5.35% as of September 30, 2022) |  | N/A |  | $ | - |  |  | $ | - |
Fulton Bank loan $5,250,000 for the purchase of AIS $5,000,000 of the proceeds went to the direct purchase of AIS. This loan is secured by certain assets of the Company. |  | SOFR plus 2.37%(6.67% as of December 31, 2022 and 5.35% as of September 30, 2022) |  | 12/15/2022 |  |  | - |  |  |  | 247,284 |
Fulton Bank loan $400,000 fund equipment for AIS. The Company was in compliance with loan covenants as of December 31, 2022. This loan is secured by certain assets of the Company. |  | SOFR plus 2.37% (6.67% as of December 31, 2022 and 5.35% as of September 30, 2022) |  | 5/1/2023 |  |  | 39,843 |  |  |  | 63,280 |
Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of December 31, 2022. This loan is secured by certain assets of the Company. |  | SOFR plus 2.37% (6.67% as of December 31, 2022 and 5.35% as of September 30, 2022). |  | 5/1/2023 |  |  | 165,518 |  |  |  | 183,839 |
Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of December 31, 2022. |  | SOFR plus 2.62% (6.92% as of December 31, 2022 and 5.6% as of September 30, 2022). |  | 1/28/2040 |  |  | 2,228,157 |  |  |  | 2,245,664 |
Note payable - $439,774. For the purchase of VDI. Payable in two installments on October 26, 2021, and October 26, 2022. |  | 5% |  | 10/26/2022 |  |  | - |  |  |  | 219,370 |
Note payable - $5,755,000 - Less original issue discount $750,000 and legal fees $5,000, net cash received $5,000,000 Unamortized original issue discount balance of $125,000 and $250,000, as of December 31, 2022 and September 30, 2022respectively. |  | 8% |  | 3/30/2023 |  |  | 4,921,279 |  |  |  | 4,943,929 |
Note payable - $9,205,000. Less original issue discount $1,200,000 and legal fees $5,000,net cash received $8,000,000. 28,572 shares of common stock valued at $700,400 recognized as additional original issue discount. Unamortized original issue discount balance of $739,044 and$1,064,778 as of December 31, 2022 and September 30, 2022 respectivly. |  | 8% |  | 8/23/2023 |  |  | 10,089,381 |  |  |  | 9,738,632 |
Term Loan Agreement with NIL Funding Corporation (“NIL”) - $5,600,000 The Company was in compliance with loan covenants as of December 31, 2022. |  | 8.85% |  | 3/30/2023 |  |  | 2,729,743 |  |  |  | 2,804,743 |
Paycheck Protection Program loan - $121,400 - The issuing bank determined that this loan qualifies for loan forgiveness; however the Company is awaiting final approval from the Small Business Administration. |  |  |  | 5/5/2025 |  |  | 121,400 |  |  |  | 121,400 |
Total Notes Payable |  |  |  |  |  | $ | 20,295,321 |  |  | $ | 20,568,141 |
Less: Current maturities |  |  |  |  |  |  | (17,099,485 | ) |  |  | (16,894,743 | )
Notes Payable, Long Term |  |  |  |  |  | $ | 3,195,836 |  |  | $ | 3,673,398 |

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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