| Schedule of Long-term Debt |
Long-term debt as of December 31, 2023 and September 30, 2023 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
September 30, 2023 |
| Revolver loans |
$ |
56,022 |
|
|
$ |
56,779 |
|
| Equipment loans |
14,419 |
|
|
15,486 |
|
| Term loans |
13,669 |
|
|
14,290 |
|
| Other notes payable |
16,011 |
|
|
15,789 |
|
| Total notes payable |
100,121 |
|
|
102,344 |
|
| Less: unamortized debt issuance costs |
(541) |
|
|
(557) |
|
| Net amount |
99,580 |
|
|
101,787 |
|
| Less: current portion |
(21,223) |
|
|
(23,077) |
|
| Total long-term debt |
$ |
78,357 |
|
|
$ |
78,710 |
|
Seller notes as of December 31, 2023 and September 30, 2023 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2023 |
|
September 30,
2023 |
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028 |
$ |
34,000 |
|
|
$ |
34,000 |
|
Seller of PMW, 8.0% interest rate, matures July 2028 |
2,500 |
|
|
2,500 |
|
Seller of Kinetic, 7.0% interest rate, matures September 2027 |
3,000 |
|
|
3,000 |
|
| Total Related party seller notes payable |
39,500 |
|
|
39,500 |
|
| Unamortized debt premium (discount) |
172 |
|
|
(502) |
|
| Net amount |
39,672 |
|
|
38,998 |
|
| Less current portion |
— |
|
|
— |
|
| Long-term portion of Related party seller notes payable |
$ |
39,672 |
|
|
$ |
38,998 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at December 31, 2023, are as follows which does not include related party debt separately stated (in $000's):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
| 2024 |
$ |
21,223 |
|
| 2025 |
7,504 |
|
| 2026 |
28,217 |
|
| 2027 |
31,134 |
|
| 2028 |
1,306 |
|
| Thereafter |
10,196 |
|
| Total future maturities of long-term debt |
$ |
99,580 |
|
Future maturities of seller notes at December 31, 2023 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
|
|
|
|
| 2026 |
500 |
|
| 2027 |
3,500 |
|
| 2028 |
35,672 |
|
|
|
| Total |
$ |
39,672 |
|
|