| Schedule of Long-term Debt |
Long-term debt as of June 30, 2024 and September 30, 2023 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
|
September 30, 2023 |
| Revolver loans |
$ |
58,769 |
|
|
$ |
56,779 |
|
| Equipment loans |
12,659 |
|
|
15,486 |
|
| Term loans |
15,045 |
|
|
14,290 |
|
| Other notes payable |
16,108 |
|
|
15,789 |
|
| Total notes payable |
102,581 |
|
|
102,344 |
|
| Less: unamortized debt issuance costs |
(508) |
|
|
(557) |
|
| Net amount |
102,073 |
|
|
101,787 |
|
| Less: current portion |
(42,186) |
|
|
(23,077) |
|
| Total long-term debt |
$ |
59,887 |
|
|
$ |
78,710 |
|
Seller notes as of June 30, 2024 and September 30, 2023 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
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 |
|
Seller of Central Steel, 8.0% interest rate, matures May 2029 |
1,114 |
|
|
— |
|
| Total Related party seller notes payable |
40,614 |
|
|
39,500 |
|
| Unamortized debt premium (discount) |
1,547 |
|
|
(502) |
|
| Net amount |
42,161 |
|
|
38,998 |
|
| Less current portion |
(2,500) |
|
|
— |
|
| Long-term portion of Related party seller notes payable |
$ |
39,661 |
|
|
$ |
38,998 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at June 30, 2024, are as follows which does not include related party debt separately stated (in $000's):
|
|
|
|
|
|
| Twelve months ending June 30, |
|
| 2025 |
$ |
42,186 |
|
| 2026 |
5,328 |
|
| 2027 |
39,412 |
|
| 2028 |
4,418 |
|
| 2029 |
1,208 |
|
| Thereafter |
9,521 |
|
| Total future maturities of long-term debt |
$ |
102,073 |
|
Future maturities of seller notes at June 30, 2024 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending June 30, |
|
| 2025 |
$ |
2,500 |
|
| 2026 |
1,115 |
|
| 2027 |
3,000 |
|
| 2028 |
35,546 |
|
|
|
|
|
| Total |
$ |
42,161 |
|
|