| Schedule of Long-term Debt |
Long-term debt as of September 30, 2023 and 2022 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2023 |
|
September 30,
2022 |
| Revolver loans |
$ |
56,779 |
|
|
$ |
43,107 |
|
| Equipment loans |
15,486 |
|
|
13,716 |
|
| Term loans |
14,290 |
|
|
7,941 |
|
Other long-term debt |
15,789 |
|
|
14,501 |
|
Total long-term debt |
102,344 |
|
|
79,265 |
|
| Less: unamortized debt issuance costs |
(557) |
|
|
(626) |
|
| Net amount |
101,787 |
|
|
78,639 |
|
| Less: current portion |
(23,077) |
|
|
(18,935) |
|
Total long-term debt, net of current portion |
$ |
78,710 |
|
|
$ |
59,704 |
|
Seller notes as of September 30, 2023 and 2022 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2023 |
|
September 30,
2022 |
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028 |
$ |
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 |
|
| Total Seller notes payable - related parties |
39,500 |
|
|
3,000 |
|
| Less: unamortized debt issuance costs |
(502) |
|
|
— |
|
| Net amount |
38,998 |
|
|
3,000 |
|
| Less current portion |
— |
|
|
— |
|
| Long-term portion of Seller notes - related parties |
$ |
38,998 |
|
|
$ |
3,000 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at September 30, 2023 are as follows excluding related party debt (in $000’s):
|
|
|
|
|
|
| Years ending September 30, |
|
| 2024 |
$ |
23,077 |
|
| 2025 |
6,010 |
|
| 2026 |
28,265 |
|
| 2027 |
32,730 |
|
| 2028 |
1,287 |
|
| Thereafter |
10,418 |
|
| Total |
$ |
101,787 |
|
Future maturities of seller notes at September 30, 2023 are as follows (in $000’s):
|
|
|
|
|
|
| Years ending September 30, |
|
|
|
|
|
| 2026 |
500 |
|
| 2027 |
3,500 |
|
| 2028 |
34,998 |
|
|
|
| Total |
$ |
38,998 |
|
|