| Schedule of Long-term Related Parties |
Long-term debt payable to related parties (see Note 16) as of June 30, 2023 and September 30, 2022 consisted of the following (in $000's):
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|
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|
June 30, 2023 |
|
September 30, 2022 |
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 |
|
|
2,000 |
|
Spriggs Investments, LLC for Flooring Liquidators, 12% interest rate, matures July 2024 |
1,000 |
|
|
— |
|
Isaac Capital Group, LLC revolver, 12% interest rate, matures April 2024 |
1,000 |
|
|
— |
|
Isaac Capital Group, LLC for Flooring Liquidators, 12% interest rate, matures January 2028 |
5,000 |
|
|
— |
|
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028 |
34,000 |
|
|
— |
|
Seller of Kinetic, 7.% interest rate, matures September 2027 |
3,000 |
|
|
3,000 |
|
| Total notes payable - related parties |
48,000 |
|
|
7,000 |
|
| Less: unamortized debt issuance costs |
(2,227) |
|
|
— |
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| Net amount |
45,773 |
|
|
7,000 |
|
| Less: current portion |
(1,000) |
|
|
(2,000) |
|
| Total long-term portion, related parties |
$ |
44,773 |
|
|
$ |
5,000 |
|
|
| Schedule of Future Maturities of Notes |
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| Twelve months ending June 30, |
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| 2024 |
$ |
1,000 |
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| 2025 |
3,000 |
|
| 2026 |
2,000 |
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|
|
|
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| Thereafter |
42,000 |
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| Total future maturities of long-term debt, related parties |
$ |
48,000 |
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|