| Schedule of Long-Term Debt |
Long-term debt as of March 31, 2025 and September 30, 2024 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2025 |
|
September 30, 2024 |
| Revolver loans |
$ |
58,851 |
|
|
$ |
60,199 |
|
| Equipment loans |
11,419 |
|
|
13,346 |
|
| Term loans |
9,889 |
|
|
10,465 |
|
| Other notes payable |
15,324 |
|
|
15,227 |
|
| Total notes payable |
95,483 |
|
|
99,237 |
|
| Less: unamortized debt issuance costs |
(373) |
|
|
(427) |
|
| Net amount |
95,110 |
|
|
98,810 |
|
| Less: current portion |
(41,423) |
|
|
(43,816) |
|
| Total long-term debt |
$ |
53,687 |
|
|
$ |
54,994 |
|
Seller notes as of March 31, 2025 and September 30, 2024 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
2025 |
|
September 30,
2024 |
| Related Party Seller Notes |
|
|
|
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 |
|
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028 |
— |
|
|
$ |
34,000 |
|
Seller of Flooring Liquidators, 8.24% interest rate, matures February 2028 |
15,000 |
|
|
— |
|
| Total Related Party Seller Notes |
19,100 |
|
|
40,600 |
|
| Unamortized debt premium (discount) |
(957) |
|
|
2,261 |
|
| Net amount |
18,143 |
|
|
42,861 |
|
| Less current portion |
— |
|
|
(2,500) |
|
| Long-term portion of seller notes payable |
$ |
18,143 |
|
|
$ |
40,361 |
|
|
| Schedule of Future Maturities of Long-Term Debt |
Future maturities of long-term debt at March 31, 2025, are as follows which does not include related party debt separately stated (in $000's):
|
|
|
|
|
|
| Twelve months ending March 31, |
|
| 2026 |
$ |
41,423 |
|
| 2027 |
38,553 |
|
| 2028 |
3,678 |
|
| 2029 |
1,642 |
|
| 2030 |
1,606 |
|
| Thereafter |
8,208 |
|
| Total future maturities of long-term debt |
$ |
95,110 |
|
Future maturities of seller notes at March 31, 2025 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending March 31, |
|
|
|
| 2027 |
$ |
3,000 |
|
| 2028 |
14,043 |
|
| 2029 |
1,100 |
|
|
|
|
|
| Total |
$ |
18,143 |
|
|