| Schedule of Long-term Related Parties |
Long-term debt payable to related parties (see Note 16) as of June 30, 2024 and September 30, 2023 consisted of the following (in $000's):
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|
|
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|
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|
June 30, 2024 |
|
September 30, 2023 |
Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
$ |
2,000 |
|
|
$ |
2,000 |
|
Spriggs Investments, LLC, 10% interest rate, matures July 2025 |
1,100 |
|
|
2,000 |
|
Spriggs Investments, LLC for Flooring Liquidators, 12% interest rate, matures July 2025 |
1,000 |
|
|
1,000 |
|
Isaac Capital Group, LLC revolver, 12% interest rate, matures April 2025 |
2,300 |
|
|
1,000 |
|
Isaac Capital Group, LLC for Flooring Liquidators, 12% interest rate, matures January 2028 |
5,000 |
|
|
5,000 |
|
| Total notes payable - related parties |
11,400 |
|
|
11,000 |
|
| Less: unamortized debt issuance costs |
(71) |
|
|
(86) |
|
| Net amount |
11,329 |
|
|
10,914 |
|
| Less: current portion |
(5,400) |
|
|
(4,000) |
|
| Total long-term portion, related parties |
$ |
5,929 |
|
|
$ |
6,914 |
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|
|
|
|
|
|
| Twelve months ending June 30, |
|
| 2025 |
$ |
5,400 |
|
| 2026 |
1,000 |
|
|
|
|
|
| 2029 |
4,929 |
|
|
|
| Total future maturities of long-term debt, related parties |
$ |
11,329 |
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