Annual report pursuant to Section 13 and 15(d)

Notes Payable, Related Parties (Tables)

v3.24.4
Notes Payable, Related Parties (Tables)
12 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-term Related Parties
Long-term debt, related parties as of September 30, 2024 and 2023 consisted of the following (in $000’s):
September 30,
2024
September 30,
2023
Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025
$ 2,000  $ 2,000 
Isaac Capital Group, LLC revolver, 12.0% interest rate, matures April 2025
2,600  1,000 
Isaac Capital Group, LLC for Flooring Liquidators, 12.0% interest rate, matures January 2028
5,000  5,000 
Spriggs Investments, LLC, 12.0% interest rate, matures July 2025
800  2,000 
Spriggs Investments, LLC for Flooring Liquidators, 12.0% interest rate, matures July 2025
1,000  1,000 
Total notes payable - related parties 11,400  11,000 
Less: unamortized debt issuance costs (66) (86)
Net amount 11,334  10,914 
Less current portion (6,400) (4,000)
Long-term portion $ 4,934  $ 6,914 
Future maturities of notes payable, related parties at September 30, 2024 are as follows (in $000’s):
Years ending September 30,
2025 $ 6,400 
2028 4,934 
Total $ 11,334