Quarterly report pursuant to Section 13 or 15(d)

Notes Payable, Related Parties

v3.22.4
Notes Payable, Related Parties
3 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Notes Payable, Related Parties

Note 10: Notes Payable, Related Parties

Long-term debt, related parties as of December 31, 2022 and September 30, 2022 consisted of the following (in 000's):

 

 

 

December 31, 2022

 

 

September 30, 2022

 

Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025

 

$

2,000

 

 

$

2,000

 

Spriggs Investments, LLC, 10% interest rate, matures July 2023

 

 

2,000

 

 

 

2,000

 

Total notes payable - related parties

 

 

4,000

 

 

 

4,000

 

Less current portion

 

 

(2,000

)

 

 

(2,000

)

Total long-term portion, related parties

 

$

2,000

 

 

$

2,000

 

 

 

Twelve months ending December 31,

 

 

 

2023

 

$

2,000

 

2024

 

 

 

2025

 

 

2,000

 

Total future maturities of long-term debt, related parties

 

$

4,000