| Schedule of Long-Term Debt |
Long-term debt as of December 31, 2025 and September 30, 2025 consisted of the following (in $000's):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
September 30, 2025 |
| Revolver loans |
$ |
44,807 |
|
|
$ |
48,713 |
|
| Equipment loans |
8,761 |
|
|
9,617 |
|
| Term loans |
13,213 |
|
|
8,749 |
|
| Other notes payable |
11,105 |
|
|
11,509 |
|
| Total notes payable |
77,886 |
|
|
78,588 |
|
| Less: unamortized debt issuance costs |
(1,066) |
|
|
(426) |
|
| Net amount |
76,820 |
|
|
78,162 |
|
| Less: current portion |
(30,901) |
|
|
(36,282) |
|
| Total long-term debt |
$ |
45,919 |
|
|
$ |
41,880 |
|
Seller notes as of December 31, 2025 and September 30, 2025 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31,
2025 |
|
September 30,
2025 |
Seller of Flooring Liquidators, 8.24% interest rate, matures February 2028 |
$ |
15,000 |
|
|
$ |
15,000 |
|
Seller of Kinetic, 7.0% interest rate, matures September 2027 |
3,000 |
|
|
3,000 |
|
Seller of Central Steel, 8.0% interest rate, matures May 2029 |
962 |
|
|
1,031 |
|
| Total Seller notes payable - related parties |
18,962 |
|
|
19,031 |
|
| Less: unamortized debt discount |
(734) |
|
|
(811) |
|
| Net amount |
18,228 |
|
|
18,220 |
|
| Less: current portion |
(275) |
|
|
(275) |
|
| Long-term portion of Seller notes - related parties |
$ |
17,953 |
|
|
$ |
17,945 |
|
|
| Schedule of Future Maturities of Long-Term Debt |
Future maturities of long-term debt at December 31, 2025, are as follows which does not include related party debt (in $000’s):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
| 2026 |
$ |
30,901 |
|
| 2027 |
6,660 |
|
| 2028 |
30,001 |
|
| 2029 |
361 |
|
| 2030 |
208 |
|
| Thereafter |
8,689 |
|
| Total future maturities of long-term debt |
$ |
76,820 |
|
Future maturities of seller notes at December 31, 2025 are as follows (in $000’s):
|
|
|
|
|
|
| Twelve months ending December 31, |
|
| 2026 |
$ |
275 |
|
| 2027 |
3,275 |
|
| 2028 |
14,540 |
|
| 2029 |
138 |
|
|
|
|
|
| Total |
$ |
18,228 |
|
|