| Schedule of Long-term Debt Payable to Related Parties |
Long-term debt payable to related parties (see Note 16) as of June 30, 2025 and September 30, 2024 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
September 30, 2024 |
Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
$ |
— |
|
|
$ |
2,000 |
|
Isaac Capital Group, LLC, 12% interest rate, matures December 2029 |
2,645 |
|
|
— |
|
Spriggs Investments, LLC, 10% interest rate, matures July 2025 |
— |
|
|
800 |
|
Spriggs Investments, LLC for Flooring Liquidators, 12% interest rate, matures July 2025 |
900 |
|
|
1,000 |
|
Isaac Capital Group, LLC revolver, 12% interest rate, matures April 2030 |
9,680 |
|
|
2,600 |
|
Isaac Capital Group, LLC for Flooring Liquidators, 12% interest rate, matures January 2028 |
5,000 |
|
|
5,000 |
|
| Total notes payable - related parties |
18,225 |
|
|
11,400 |
|
| Less: unamortized debt issuance costs |
(726) |
|
|
(66) |
|
| Net amount |
17,499 |
|
|
11,334 |
|
| Less: current portion |
(900) |
|
|
(6,400) |
|
| Total long-term portion, related parties |
$ |
16,599 |
|
|
$ |
4,934 |
|
Future maturities of related party notes at June 30, 2025 are as follows (in $000’s):
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|
|
|
|
|
| Twelve months ending June 30, |
|
| 2026 |
$ |
900 |
|
|
|
| 2028 |
4,948 |
|
| 2029 |
1,971 |
|
| 2030 |
9,680 |
|
|
|
| Total future maturities of long-term debt, related parties |
$ |
17,499 |
|
|