| Schedule of Long-term Debt |
Long-term debt as of December 31, 2024 and September 30, 2024 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
September 30, 2024 |
| Revolver loans |
$ |
57,078 |
|
|
$ |
60,199 |
|
| Equipment loans |
12,308 |
|
|
13,346 |
|
| Term loans |
9,940 |
|
|
10,465 |
|
| Other notes payable |
15,018 |
|
|
15,227 |
|
| Total notes payable |
94,344 |
|
|
99,237 |
|
| Less: unamortized debt issuance costs |
(410) |
|
|
(427) |
|
| Net amount |
93,934 |
|
|
98,810 |
|
| Less: current portion |
(39,595) |
|
|
(43,816) |
|
| Total long-term debt |
$ |
54,339 |
|
|
$ |
54,994 |
|
Seller notes as of December 31, 2024 and September 30, 2024 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2024 |
|
September 30,
2024 |
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 |
|
Seller of Kinetic, 7.0% interest rate, matures September 2027 |
3,000 |
|
|
3,000 |
|
Seller of Central Steel, 7.0% interest rate, matures May 2029 |
1,100 |
|
|
1,100 |
|
| Total Related party seller notes payable |
38,100 |
|
|
40,600 |
|
| Unamortized debt premium (discount) |
3,019 |
|
|
2,261 |
|
| Net amount |
41,119 |
|
|
42,861 |
|
| Less current portion |
— |
|
|
(2,500) |
|
| Long-term portion of Related party seller notes payable |
$ |
41,119 |
|
|
$ |
40,361 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at December 31, 2024, are as follows which does not include related party debt separately stated (in $000's):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
| 2025 |
$ |
39,595 |
|
| 2026 |
15,259 |
|
| 2027 |
27,704 |
|
| 2028 |
1,311 |
|
| 2029 |
1,810 |
|
| Thereafter |
8,255 |
|
| Total future maturities of long-term debt |
$ |
93,934 |
|
Future maturities of seller notes at December 31, 2024 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
|
|
|
|
| 2027 |
3,000 |
|
| 2028 |
37,019 |
|
| 2029 |
1,100 |
|
|
|
| Total |
$ |
41,119 |
|
|