| Schedule of Long-term Debt |
Long-term debt as of September 30, 2025 and 2024 consisted of the following (in $000’s):
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2025 |
|
September 30,
2024 |
| Revolver loans |
$ |
48,713 |
|
|
$ |
60,199 |
|
| Equipment loans |
9,617 |
|
|
13,346 |
|
| Term loans |
8,749 |
|
|
10,465 |
|
Other long-term debt |
11,509 |
|
|
15,227 |
|
Total long-term debt |
78,588 |
|
|
99,237 |
|
| Less: unamortized debt issuance costs |
(426) |
|
|
(427) |
|
| Net amount |
78,162 |
|
|
98,810 |
|
| Less: current portion |
(36,282) |
|
|
(43,816) |
|
Total long-term debt, net of current portion |
$ |
41,880 |
|
|
$ |
54,994 |
|
Seller notes as of September 30, 2025 and 2024 consisted of the following (in $000’s):
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|
|
|
|
|
|
|
|
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|
|
|
September 30,
2025 |
|
September 30,
2024 |
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, 8.0% interest rate, matures May 2029 |
1,031 |
|
|
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 Seller notes payable - related parties |
19,031 |
|
|
40,600 |
|
| Unamortized debt premium (discount) |
(811) |
|
|
2,261 |
|
| Net amount |
18,220 |
|
|
42,861 |
|
| Less current portion |
(275) |
|
|
(2,500) |
|
| Long-term portion of Seller notes - related parties |
$ |
17,945 |
|
|
$ |
40,361 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at September 30, 2025 are as follows excluding related party debt (in $000’s):
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|
|
|
|
|
| Years ending September 30, |
|
| 2026 |
$ |
36,282 |
|
| 2027 |
30,147 |
|
| 2028 |
1,179 |
|
| 2029 |
1,214 |
|
| 2030 |
1,061 |
|
| Thereafter |
8,279 |
|
| Total |
$ |
78,162 |
|
Future maturities of seller notes at September 30, 2025 are as follows (in $000’s):
|
|
|
|
|
|
| Years ending September 30, |
|
| 2026 |
$ |
275 |
|
| 2027 |
3,275 |
|
| 2028 |
14,464 |
|
| 2029 |
206 |
|
|
|
|
|
| Total |
$ |
18,220 |
|
|