Long Term Debt (Tables)

3 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

Long-term debt as of December 31, 2024 and September 30, 2024 consisted of the following (in $000's):

	December 31, 2024		September 30, 2024
Revolver loans	$	57,078	$	60,199
Equipment loans	12,308		13,346
Term loans	9,940		10,465
Other notes payable	15,018		15,227
Total notes payable	94,344		99,237
Less: unamortized debt issuance costs	(410)		(427)
Net amount	93,934		98,810
Less: current portion	(39,595)		(43,816)
Total long-term debt	$	54,339	$	54,994

Seller notes as of December 31, 2024 and September 30, 2024 consisted of the following (in $000’s):

	December 31, 2024		September 30, 2024
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028	$	34,000	$	34,000
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, 7.0% interest rate, matures May 2029	1,100		1,100
Total Related party seller notes payable	38,100		40,600
Unamortized debt premium (discount)	3,019		2,261
Net amount	41,119		42,861
Less current portion	—		(2,500)
Long-term portion of Related party seller notes payable	$	41,119	$	40,361

Schedule of Future Maturities of Long-term Debt

Future maturities of long-term debt at December 31, 2024, are as follows which does not include related party debt separately stated (in $000's):

Twelve months ending December 31,
2025	$	39,595
2026	15,259
2027	27,704
2028	1,311
2029	1,810
Thereafter	8,255
Total future maturities of long-term debt	$	93,934

Future maturities of seller notes at December 31, 2024 are as follows (in $000’s):

Twelve months ending December 31,
2027	3,000
2028	37,019
2029	1,100
Total	$	41,119