| Schedule of Long-term debt, related parties |
| |
|
December 31, |
|
|
September 30, |
|
| |
|
2018 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Note Payable and revolving line of credit to the Sellers of ApplianceSmart, Inc., interest rate is 5% per annum, with interest payable monthly, maturity date April 1, 2021, accrued interest and principal all due at maturity. ApplianceSmart may reborrow funds up to the Original Principal amount during the term of the note. |
|
$ |
3,821,507 |
|
|
$ |
3,821,507 |
|
| |
|
|
|
|
|
|
|
|
| Note Payable to Isaac Capital Fund, interest rate is 12.5% per annum, with interest payable monthly, maturity date January 2021. |
|
|
2,000,000 |
|
|
|
2,000,000 |
|
| Total notes payable - related parties |
|
|
5,821,507 |
|
|
|
5,821,507 |
|
| Less unamortized debt issuance costs |
|
|
– |
|
|
|
– |
|
| Net amount |
|
|
5,821,507 |
|
|
|
5,821,507 |
|
| Less current portion |
|
|
– |
|
|
|
(391,949 |
) |
| Long-term portion |
|
$ |
5,821,507 |
|
|
$ |
5,429,558 |
|
|