BOISE, Idaho (AP) — A race organizer has announced he is going out of business less than three weeks before a planned half-marathon in the Boise area and won't refund payments made to participate in future events, a newspaper reported.

Final Kick Events owner Wayne Ebenroth said Monday his company was shutting down, the Idaho Statesman reported .

Ebenroth's company, which had operated since 2011, is $60,000 in debt and only has $74 in the bank, he wrote in his blog post on the company's website, cited by the newspaper.

"This was not an easy or simple decision to make," Ebenroth wrote.

Ebenroth has sponsored 68 races in his time with Final Kick, including six this year.

Boise resident Shawnee Perdue was among the runners who registered to participate in the Idaho Wine Run scheduled for Sept. 8 at the Indian Creek Winery in Kuna.

Perdue told the newspaper that she received an email informing her of the closure. She participates in races to keep herself accountable for staying in shape, she said.

"Obviously, this is not the end of the world, but I was using this run as another goal milestone, and it's disappointing that it's canceled," she said.

Final Kick's Monster Mash Dash in October in Caldwell and the Struttin' for Stuffin' Half Marathon in Nampa have also been cancelled.

___

Information from: Idaho Statesman, http://www.idahostatesman.com