Quarterly report pursuant to Section 13 or 15(d)

Long Term Debt (Tables)

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Long Term Debt (Tables)
6 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt as of March 31, 2024 and September 30, 2023 consisted of the following (in $000's):
March 31, 2024 September 30, 2023
Revolver loans $ 64,510  $ 56,779 
Equipment loans 13,543  15,486 
Term loans 13,192  14,290 
Other notes payable 15,997  15,789 
Total notes payable 107,242  102,344 
Less: unamortized debt issuance costs (524) (557)
Net amount 106,718  101,787 
Less: current portion (31,396) (23,077)
Total long-term debt $ 75,322  $ 78,710 
Seller notes as of March 31, 2024 and September 30, 2023 consisted of the following (in $000’s):
March 31,
2024
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) 854  (502)
Net amount 40,354  38,998 
Less current portion —  — 
Long-term portion of Related party seller notes payable $ 40,354  $ 38,998 
Schedule of Future Maturities of Long-term Debt
Future maturities of long-term debt at March 31, 2024, are as follows which does not include related party debt separately stated (in $000's):
Twelve months ending March 31,
2024 $ 31,396 
2025 5,992 
2026 53,669 
2027 4,441 
2028 11,220 
Total future maturities of long-term debt $ 106,718 
Future maturities of seller notes at March 31, 2024 are as follows (in $000’s):
Twelve months ending March 31,
2026 500 
2027 3,500 
2028 36,354 
Total $ 40,354