Note B - Commitments and Facilities |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||
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| Leases of Lessee Disclosure [Text Block] |
NOTE B – COMMITMENTS AND FACILITIES Operating Leases: The Company leases office and manufacturing facilities in Minnesota and Mexico for its ongoing operations, which expire at various dates through February 2025. The Company also leases various pieces of office equipment. Certain of these leases have escalating rent payment provisions. We recognize rent expense under such leases on a straight-line basis over the term of the lease. For the years ended September 30, 2019,
2018, and 2017, total rent expense was $908,000, $869,000 and $768,000 respectively. Rent expense includes operating expenses, insurance, and related taxes.As of September 30, 2019, the future minimum lease payments required under operating lease agreements are as follows:
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