Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt (Tables)

v3.22.2
Long Term Debt (Tables)
9 Months Ended
Jun. 30, 2022
Schedule of Long-term Debt

The following table details the Company's long-term debt as of June 30, 2022 and September 30, 2021 (in $000’s):

 

 

June 30, 2022

 

 

September 30, 2021

 

Bank of America Revolver Loan

 

$

7,308

 

 

$

—

 

Encina Business Credit Revolver Loan

 

 

—

 

 

 

12,735

 

Texas Capital Bank Revolver Loan

 

 

9,155

 

 

 

8,794

 

Fifth-Third Bank Revolver

 

 

20,564

 

 

 

—

 

Fifth-Third Bank Term Loan

 

 

3,292

 

 

 

—

 

Fifth-Third Bank Term Loan

 

 

4,000

 

 

 

—

 

Fifth-Third Bank Special Advance Term Loan

 

 

1,000

 

 

 

—

 

Encina Business Credit Term Loan

 

 

—

 

 

 

1,319

 

Note Payable to the Sellers of Kinetic

 

 

3,000

 

 

 

—

 

Note Payable to the Sellers of Vintage Stock

 

 

—

 

 

 

4,200

 

Note #3 Payable to Banc of America Leasing & Capital LLC

 

 

895

 

 

 

1,320

 

Note #4 Payable to Banc of America Leasing & Capital LLC

 

 

275

 

 

 

406

 

Note #5 Payable to Banc of America Leasing & Capital LLC

 

 

1,553

 

 

 

1,985

 

Note #6 Payable to Banc of America Leasing & Capital LLC

 

 

508

 

 

 

618

 

Note #7 Payable to Banc of America Leasing & Capital LLC

 

 

3,689

 

 

 

4,121

 

Note #8 Payable to Banc of America Leasing & Capital LLC

 

 

2,612

 

 

 

2,943

 

Note #9 Payable to Banc of America Leasing & Capital LLC

 

 

5,046

 

 

 

—

 

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

 

 

9,181

 

 

 

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

 

 

224

 

 

 

472

 

Note payable to individuals, interest at 7% per annum, unsecured

 

 

198

 

 

 

198

 

Note payable RSSI/(VSSS)

 

 

130

 

 

 

130

 

Note Payable to JCM Holdings

 

 

1,701

 

 

 

1,833

 

Total notes payable

 

 

77,538

 

 

 

54,190

 

Less unamortized debt issuance costs

 

 

(645

)

 

 

(576

)

Net amount

 

 

76,893

 

 

 

53,614

 

Less current portion

 

 

(18,418

)

 

 

(16,055

)

Total long-term debt

 

$

58,475

 

 

$

37,559

 

 

Schedule of Future Maturities of Long-term Debt

Future maturities of long-term debt at June 30, 2022, are as follows which does not include related party debt separately stated (in $000’s):

 

Twelve months ending June 30,

 

 

 

2023

 

$

18,418

 

2024

 

 

14,046

 

2025

 

 

4,362

 

2026

 

 

3,559

 

2027

 

 

26,708

 

Thereafter

 

 

10,445

 

Total future maturities of long-term debt

 

$

77,538