| Schedule of Long-term Related Parties |
Long-term debt, related parties as of March 31, 2023 and September 30, 2022 consisted of the following (in $000's):
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March 31, 2023 |
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September 30, 2022 |
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Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
|
$ |
2,000 |
|
|
$ |
2,000 |
|
Spriggs Investments, LLC, 10% interest rate, matures July 2024 |
|
|
2,000 |
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|
|
2,000 |
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Spriggs Investments, LLC for Flooring Liquidators, 12% interest rate, matures July 2024 |
|
|
1,000 |
|
|
|
— |
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Isaac Capital Group, LLC revolver, 12% interest rate, matures April 2024 |
|
|
1,000 |
|
|
|
— |
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Isaac Capital Group, LLC for Flooring Liquidators, 12% interest rate, matures January 2028 |
|
|
5,000 |
|
|
|
— |
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Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028 |
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|
34,000 |
|
|
|
— |
|
Seller of Kinetic, 7.% interest rate, matures September 2027 |
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|
3,000 |
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|
|
3,000 |
|
Total notes payable - related parties |
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|
48,000 |
|
|
|
7,000 |
|
Less: unamortized debt issuance costs |
|
|
(2,325 |
) |
|
|
— |
|
Net amount |
|
|
45,675 |
|
|
|
7,000 |
|
Less: current portion |
|
|
— |
|
|
|
(2,000 |
) |
Total long-term portion, related parties |
|
$ |
45,675 |
|
|
$ |
5,000 |
|
|
| Schedule of Future Maturities of Notes |
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Twelve months ending March 31, |
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|
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2023 |
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$ |
— |
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2024 |
|
|
4,000 |
|
2025 |
|
|
2,000 |
|
2026 |
|
|
— |
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2027 |
|
|
3,000 |
|
Thereafter |
|
|
39,000 |
|
Total future maturities of long-term debt, related parties |
|
$ |
48,000 |
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