Long Term Debt (Tables)
|
3 Months Ended |
Dec. 31, 2022 |
|---|
| Schedule of Long-term Debt |
Long-term debt as of December 31, 2022 and September 30, 2022 consisted of the following (in 000's):
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
September 30, 2022 |
|
Revolver loans |
|
$ |
43,056 |
|
|
$ |
43,107 |
|
Equipment loans |
|
|
18,552 |
|
|
|
13,716 |
|
Term loans |
|
|
7,589 |
|
|
|
7,941 |
|
Sellers notes |
|
|
5,500 |
|
|
|
5,500 |
|
Other notes payable |
|
|
11,863 |
|
|
|
12,001 |
|
Total notes payable |
|
|
86,560 |
|
|
|
82,265 |
|
Less unamortized debt issuance costs |
|
|
(607 |
) |
|
|
(626 |
) |
Net amount |
|
|
85,953 |
|
|
|
81,639 |
|
Less current portion |
|
|
(26,064 |
) |
|
|
(18,935 |
) |
Total long-term debt |
|
$ |
59,889 |
|
|
$ |
62,704 |
|
|
| Schedule of Future Maturities of Long-term Debt |
Future maturities of long-term debt at December 31, 2022, are as follows which does not include related party debt separately stated:
|
|
|
|
|
Twelve months ending December 31, |
|
|
|
2023 |
|
$ |
26,064 |
|
2024 |
|
|
5,691 |
|
2025 |
|
|
4,350 |
|
2026 |
|
|
4,832 |
|
2027 |
|
|
33,603 |
|
Thereafter |
|
|
11,413 |
|
Total future maturities of long-term debt |
|
$ |
85,953 |
|
|
| Seller Notes |
|
| Schedule of Line of Credit Facilities |
Sellers notes consist of the following:
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
September 30, 2022 |
|
Note Payable to the Sellers of Kinetic, 7.0% interest rate, matures September 2027 |
|
$ |
3,000 |
|
|
$ |
3,000 |
|
Note payable to the Sellers of Precision Marshall, no stated or implied interest rate, buyer holdback |
|
|
2,500 |
|
|
|
2,500 |
|
Total Sellers notes |
|
$ |
5,500 |
|
|
$ |
5,500 |
|
|
| Other Notes Payable |
|
| Schedule of Line of Credit Facilities |
Other notes payable consists of the following:-
|
|
|
|
|
|
|
|
|
|
|
December 31, 2022 |
|
|
September 30, 2022 |
|
Note Payable to Store Capital Acquisitions, LLC, 9.3% interest rate, matures June 2056 |
|
$ |
9,161 |
|
|
$ |
9,171 |
|
Notes payable JCM Holdings, 6.0% interest rate, matures January 2030 |
|
$ |
1,610 |
|
|
$ |
1,656 |
|
Note payable to individual, 11.0% interest rate, payable on 90-day
written notice |
|
$ |
207 |
|
|
$ |
207 |
|
Note payable to individual, 10.0% interest rate, payable on 90-day
written notice |
|
$ |
500 |
|
|
$ |
500 |
|
Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023 |
|
$ |
57 |
|
|
$ |
139 |
|
Note payable to individual, 7.0% interest rate, five-year notes, unsecured |
|
$ |
198 |
|
|
$ |
198 |
|
Note payable RSSI/(VSSS), no stated or implied interest rate, matures March 2023 |
|
$ |
130 |
|
|
$ |
130 |
|
Total other notes payable |
|
$ |
11,863 |
|
|
$ |
12,001 |
|
|