Quarterly report pursuant to Section 13 or 15(d)

8. Long Term Debt (Details Narrative)

v3.19.2
8. Long Term Debt (Details Narrative) - USD ($)
9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Sep. 30, 2018
Credit line outstanding $ 750,000    
Proceeds from note payable 0 $ 27,931,591  
Capitala Term Loan [Member]      
Credit line maximum $ 29,871,650    
Credit line weighted average interest rate 16.94%    
Debt maturity date Nov. 30, 2021    
Debt periodic payment $ 725,000    
Debt periodic frequency quarterly    
Debt issuance cost $ 1,088,000    
Unamortized debt issuance cost $ 742,000    
Note Payable - Cathay Bank [Member]      
Debt maturity date Dec. 31, 2017    
Debt periodic frequency interest monthly    
Note Payable #2 - Cathay Bank [Member]      
Debt maturity date Dec. 31, 2017    
Debt periodic frequency interest monthly    
Comvest Term Loan [Member]      
Credit line maximum     $ 24,000,000
Debt issuance cost     1,318,069
Crossroads Financial Revolver Loan [Member]      
Credit line maximum $ 4,000,000    
Debt issuance cost 118,457    
Note #2 Payable to Banc of America Leasing & Capital [Member]      
Debt face amount $ 2,209,807    
Debt initial payment date Jan. 30, 2017    
Debt stated interest rate 4.63%    
Debt maturity date Jan. 30, 2022    
Debt periodic payment $ 34,768    
Debt periodic frequency 59 monthly payments    
Debt final payment $ 476,729    
Note #3 Payable to Banc of America Leasing & Capital [Member]      
Debt face amount $ 3,679,514    
Debt initial payment date Jan. 30, 2017    
Debt stated interest rate 4.7985%    
Debt maturity date Dec. 30, 2023    
Debt periodic payment $ 51,658    
Debt periodic frequency 84 monthly payments    
Note #4 Payable to Banc of America Leasing & Capital [Member]      
Debt face amount $ 1,095,113    
Debt initial payment date Apr. 30, 2017    
Debt stated interest rate 4.8907%    
Debt maturity date Dec. 30, 2023    
Debt periodic payment $ 15,901    
Debt periodic frequency 81 monthly payments    
Note #1 Payable to Bank of America Leasing [Member]      
Debt face amount $ 5,000,000    
Debt initial payment date Sep. 23, 2016    
Debt stated interest rate 3.8905%    
Debt maturity date Sep. 23, 2021    
Debt periodic frequency 59 monthly payments    
Debt final payment $ 584,273    
ApplianceSmart Note [Member]      
Debt face amount $ 6,500,000    
Debt stated interest rate 5.00%    
Debt maturity date Apr. 01, 2021    
Comvest Term Loan [Member]      
Debt maturity date May 26, 2023    
Debt periodic frequency quarterly    
Note Payable to the Sellers of Vintage Stock [Member]      
Debt maturity date Sep. 06, 2023    
Debt periodic frequency monthly    
Note #1 to Banc of America Leasing & Capital [Member]      
Debt maturity date Sep. 30, 2021    
Debt periodic payment $ 84,273    
Debt periodic frequency monthly    
Note Payable to Store Capital Acquisitions [Member]      
Debt maturity date Jun. 30, 2056    
Debt periodic payment $ 73,970    
Debt periodic frequency monthly    
Note #5 Payable to Bank of America Leasing [Member]      
Debt face amount $ 3,931,591    
Debt stated interest rate 4.67%    
Debt maturity date Jan. 28, 2025    
Debt periodic payment $ 54,943    
Debt periodic frequency 84 monthly payments    
Bank of America Revolver Loan [Member]      
Debt maturity date Jul. 31, 2020    
Debt periodic frequency monthly    
Texas Capital Bank [Member]      
Credit line maximum $ 12,000,000    
Credit line maturity date Nov. 30, 2020    
Credit line borrowings during period $ 57,653,302    
Credit line repayments during period 58,351,363    
Maximum borrowings outstanding $ 11,931,977    
Credit line weighted average interest rate 4.71461%    
Credit line amount available at period end $ 805,464    
Credit line outstanding 11,194,534    
Letters of credit 0    
Kingston Line of Credit [Member]      
Credit line maximum 2,000,000    
Letters of credit 0    
Preferred shares issued in settlement of debt, amount $ 2,800,000    
Kingston Line of Credit [Member] | Series B convertible preferred stock [Member]      
Preferred shares issued in settlement of debt, shares issued 55,888    
Preferred shares issued in settlement of debt, amount $ 2,800,000    
Texas Capital Bank Revolver Loan [Member]      
Debt maturity date Nov. 30, 2020    
Debt periodic frequency monthly    
Crossroads Financial Revolver Loan [Member]      
Debt maturity date Mar. 31, 2021    
Debt periodic frequency monthly    
Store Capital Acquisitions[Member]      
Proceeds from sale of land $ 644,479    
Proceeds from note payable 9,355,521    
Debt issuance costs 457,757    
Annual lease rate 59,614    
Note payable $ 10,000,000    
Debt stated interest rate 9.25%    
Sellers Subordinated Acquisition Note [Member]      
Subordinated debt $ 10,000,000    
Subordinated debt interest rate 8.00%    
Marquis [Member] | Bank of America Revolver Loan [Member]      
Credit line maximum $ 15,000,000   15,000,000
Credit line maturity date Jul. 20, 2020    
Credit line borrowings during period $ 63,941,777    
Credit line repayments during period 48,120,216    
Maximum borrowings outstanding $ 8,070,635    
Credit line weighted average interest rate 4.19%    
Credit line amount available at period end $ 15,000,000   7,326,680
Credit line outstanding 0   7,600,605
Letters of credit $ 72,715   $ 72,715