Quarterly report pursuant to Section 13 or 15(d)

5. Notes Payable (Tables)

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5. Notes Payable (Tables)
6 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Fixed coverage ratio table
Level Fixed Charge
Coverage Ratio
Base Rate
Revolver Loan
LIBOR
Revolver Loans
Base Rate Term
Loans
LIBOR Term
Loans
I >2.00 to 1.00 0.50% 1.50% 0.75% 1.75%
II <2.00 to 1.00 but >1.50 to 1.00 0.75% 1.75% 1.00% 2.00%
III < 1.50 to 1.00 but >1.20 to 1.00 1.00% 2.00% 1.25% 2.25%
IV < 1.2 to 1.00 1.25% 2.25% 1.50% 2.5%
Schedule of credit line debt
   March 31,   September 30, 
   2016   2015 
           
Base Rate Revolver Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table above), maturity date July 6, 2020  $8,042,995   $7,225,745 
Base Rate Term Loan- interest rate based on prime rate adjusted for fixed coverage ratio (table above) fixed coverage ratio, maturity date July 6, 2020   7,150,766    7,628,438 
Note payable to individual, payable on demand, interest at 10.0% per annum, unsecured   97,044    92,441 
Acquisition note payable, $200,000 due February 28, 2015 and $400,000 due February 28, 2016, non-interest bearing with interest imputed at 2.87% per annum (1)   400,000    395,251 
Credit line due January 1, 2024, with interest rate of 2.75%   658,405    669,351 
Total Debt   16,349,210    16,011,226 
Current portion   1,452,388    1,443,036 
Long-term portion  $14,896,822   $14,568,190