Annual report pursuant to Section 13 and 15(d)

Notes Payable, Related Parties (Tables)

v3.23.4
Notes Payable, Related Parties (Tables)
12 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Related Parties
Long-term debt, related parties as of September 30, 2023 and 2022 consisted of the following (in $000’s):
September 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  — 
Total notes payable - related parties 11,000  4,000 
Less: unamortized debt issuance costs (86) — 
Net amount 10,914  4,000 
Less current portion (4,000) (2,000)
Long-term portion $ 6,914  $ 2,000 
Future maturities of notes payable, related parties at September 30, 2023 are as follows (in $000’s):
Years ending September 30,
2024 $ 4,000 
2025 2,000 
2028 4,914 
Total $ 10,914