| Schedule of Long-term Related Parties |
Long-term debt payable to related parties (see Note 16) as of December 31, 2024 and September 30, 2024 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
September 30, 2024 |
Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
$ |
2,000 |
|
|
$ |
2,000 |
|
Isaac Capital Group, LLC, 12.0% interest rate, matures December 2029 |
2,644 |
|
|
— |
|
Spriggs Investments, LLC, 12.0% interest rate, matures July 2025 |
500 |
|
|
800 |
|
Spriggs Investments, LLC for Flooring Liquidators, 12.0% interest rate, matures July 2025 |
1,000 |
|
|
1,000 |
|
Isaac Capital Group, LLC revolver, 12.0% interest rate, matures April 2025 |
4,170 |
|
|
2,600 |
|
Isaac Capital Group, LLC for Flooring Liquidators, 12.0% interest rate, matures January 2028 |
5,000 |
|
|
5,000 |
|
| Total notes payable - related parties |
15,314 |
|
|
11,400 |
|
| Less: unamortized debt discount |
(773) |
|
|
(66) |
|
| Net amount |
14,541 |
|
|
11,334 |
|
| Less: current portion |
(7,670) |
|
|
(6,400) |
|
| Total long-term portion, related parties |
$ |
6,871 |
|
|
$ |
4,934 |
|
Future maturities of notes to related parties at December 31, 2024 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
| 2025 |
$ |
7,670 |
|
|
|
|
|
| 2028 |
4,939 |
|
| 2029 |
1,932 |
|
|
|
| Total future maturities of long-term debt, related parties |
$ |
14,541 |
|
|