| Schedule of Long-term Related Parties |
Long-term debt payable to related parties (see Note 16) as of December 31, 2023 and September 30, 2023 consisted of the following (in $000's):
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December 31, 2023 |
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September 30, 2023 |
Isaac Capital Group, LLC, 12.5% interest rate, matures May 2025 |
$ |
2,000 |
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|
$ |
2,000 |
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Spriggs Investments, LLC, 10% interest rate, matures July 2024 |
2,000 |
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|
2,000 |
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Spriggs Investments, LLC for Flooring Liquidators, 12% interest rate, matures July 2024 |
1,000 |
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|
1,000 |
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Isaac Capital Group, LLC revolver, 12% interest rate, matures April 2024 |
1,000 |
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|
1,000 |
|
Isaac Capital Group, LLC for Flooring Liquidators, 12% interest rate, matures January 2028 |
5,000 |
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|
5,000 |
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| Total notes payable - related parties |
11,000 |
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|
11,000 |
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| Less: unamortized debt issuance costs |
(81) |
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|
(86) |
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| Net amount |
10,919 |
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|
10,914 |
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| Less: current portion |
(4,000) |
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|
(4,000) |
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| Total long-term portion, related parties |
$ |
6,919 |
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$ |
6,914 |
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| Twelve months ending December 31, |
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| 2024 |
$ |
4,000 |
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| 2025 |
2,000 |
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| 2028 |
5,000 |
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| Total future maturities of long-term debt, related parties |
$ |
11,000 |
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