| Long-Term Debt [Text Block] |
Note 10: Notes Payable - Related Parties
Long-term notes payable to related parties (see Note 15) as of March 31, 2026 and September 30, 2025 consisted of the following (in $000's):
|
|
March 31,
2026
|
|
|
September 30, 2025 |
|
Isaac Capital Group, LLC (Revolver), 12% interest rate, matures April 2030 |
|
$ |
11,976 |
|
|
$ |
11,615 |
|
Spriggs Investments, LLC (Flooring Liquidators), 12% interest rate, matures July 2026 |
|
|
800 |
|
|
|
800 |
|
Isaac Capital Group, LLC (PMW), 12% interest rate, matures December 2029 |
|
|
2,645 |
|
|
|
2,645 |
|
Isaac Capital Group, LLC (Flooring Liquidators), 12% interest rate, matures August 2029 |
|
|
6,668 |
|
|
|
5,000 |
|
Total notes payable - related parties |
|
|
22,089 |
|
|
|
20,060 |
|
Less: unamortized debt issuance costs |
|
|
(701 |
) |
|
|
(696 |
) |
Net amount |
|
|
21,388 |
|
|
|
19,364 |
|
Less: current portion |
|
|
(800 |
) |
|
|
(800 |
) |
Total long-term portion, notes payable - related parties |
|
$ |
20,588 |
|
|
$ |
18,564 |
|
Future maturities of notes payable - related parties at March 31, 2026 are as follows (in $000’s):
Twelve months ending March 31, |
|
|
|
|
2027 |
|
$ |
800 |
|
2028 |
|
|
6,568 |
|
2029 |
|
|
2,044 |
|
2030 |
|
|
11,976 |
|
Total future maturities of notes payable - related parties |
|
$ |
21,388 |
|
|