| 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 |
|
|