| Notes Payable, Related Parties |
Note 10: Notes Payable, Related Parties
Long-term debt, related parties as of December 31, 2022 and September 30, 2022 consisted of the following (in 000's):
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December 31, 2022 |
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September 30, 2022 |
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Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
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$ |
2,000 |
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$ |
2,000 |
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Spriggs Investments, LLC, 10% interest rate, matures July 2023 |
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2,000 |
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2,000 |
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Total notes payable - related parties |
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4,000 |
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4,000 |
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Less current portion |
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(2,000 |
) |
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(2,000 |
) |
Total long-term portion, related parties |
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$ |
2,000 |
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$ |
2,000 |
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Twelve months ending December 31, |
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2023 |
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$ |
2,000 |
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2024 |
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— |
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2025 |
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2,000 |
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Total future maturities of long-term debt, related parties |
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$ |
4,000 |
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