Schedule of Long-term Debt |
Long-term debt as of March 31, 2022 and September 30, 2021 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
March 31, 2022 |
|
|
September 30, 2021 |
|
Bank of America Revolver Loan |
|
$ |
3,729 |
|
|
$ |
— |
|
Encina Business Credit Revolver Loan |
|
|
— |
|
|
|
12,735 |
|
Texas Capital Bank Revolver Loan |
|
|
8,594 |
|
|
|
8,794 |
|
Fifth-Third Bank Revolver |
|
|
14,094 |
|
|
|
— |
|
Fifth-Third Bank Term Loan |
|
|
3,417 |
|
|
|
— |
|
Encina Business Credit Term Loan |
|
|
— |
|
|
|
1,319 |
|
Note Payable to the Sellers of Vintage Stock |
|
|
— |
|
|
|
4,200 |
|
Note #3 Payable to Banc of America Leasing & Capital LLC |
|
|
1,039 |
|
|
|
1,320 |
|
Note #4 Payable to Banc of America Leasing & Capital LLC |
|
|
319 |
|
|
|
406 |
|
Note #5 Payable to Banc of America Leasing & Capital LLC |
|
|
1,699 |
|
|
|
1,985 |
|
Note #6 Payable to Banc of America Leasing & Capital LLC |
|
|
545 |
|
|
|
618 |
|
Note #7 Payable to Banc of America Leasing & Capital LLC |
|
|
3,834 |
|
|
|
4,121 |
|
Note #8 Payable to Banc of America Leasing & Capital LLC |
|
|
2,724 |
|
|
|
2,943 |
|
Note #9 Payable to Banc of America Leasing & Capital LLC |
|
|
5,274 |
|
|
|
— |
|
Note Payable to Extruded Fibers |
|
|
— |
|
|
|
700 |
|
Note Payable to the Sellers of Precision Marshall |
|
|
2,500 |
|
|
|
2,500 |
|
Note Payable to Store Capital Acquisitions, LLC |
|
|
9,202 |
|
|
|
9,209 |
|
Note payable to individuals, interest at 10-11% per annum, payable on a 90 day written notice, unsecured |
|
|
207 |
|
|
|
207 |
|
Note payable to individual, interest at 10% per annum, payable on a 90 day written notice, unsecured |
|
|
500 |
|
|
|
500 |
|
Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023 |
|
|
306 |
|
|
|
472 |
|
Note payable to individuals, interest at 7% per annum, unsecured |
|
|
198 |
|
|
|
198 |
|
Note payable RSSI/(VSSS) |
|
|
130 |
|
|
|
130 |
|
Note Payable to JCM Holdings |
|
|
1,746 |
|
|
|
1,833 |
|
Total notes payable |
|
|
60,057 |
|
|
|
54,190 |
|
Less unamortized debt issuance costs |
|
|
(666 |
) |
|
|
(576 |
) |
Net amount |
|
|
59,391 |
|
|
|
53,614 |
|
Less current portion |
|
|
(20,032 |
) |
|
|
(16,055 |
) |
Total long-term debt |
|
$ |
39,359 |
|
|
$ |
37,559 |
|
|
Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at March 31, 2022, are as follows which does not include related party debt separately stated (in $000's):
|
|
|
|
|
Twelve months ending March 31, |
|
|
|
2023 |
|
$ |
20,162 |
|
2024 |
|
|
4,161 |
|
2025 |
|
|
3,642 |
|
2026 |
|
|
2,969 |
|
2027 |
|
|
19,048 |
|
Thereafter |
|
|
10,075 |
|
Total future maturities of long-term debt |
|
$ |
60,057 |
|
|