Long-Term Debt (Tables)

6 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt as of March 31, 2025 and September 30, 2024 consisted of the following (in $000's):

	March 31, 2025		September 30, 2024
Revolver loans	$	58,851	$	60,199
Equipment loans	11,419		13,346
Term loans	9,889		10,465
Other notes payable	15,324		15,227
Total notes payable	95,483		99,237
Less: unamortized debt issuance costs	(373)		(427)
Net amount	95,110		98,810
Less: current portion	(41,423)		(43,816)
Total long-term debt	$	53,687	$	54,994

Seller notes as of March 31, 2025 and September 30, 2024 consisted of the following (in $000’s):

	March 31, 2025		September 30, 2024
Related Party Seller Notes
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
Seller of Flooring Liquidators, 8.24% interest rate, matures January 2028	—		$	34,000
Seller of Flooring Liquidators, 8.24% interest rate, matures February 2028	15,000		—
Total Related Party Seller Notes	19,100		40,600
Unamortized debt premium (discount)	(957)		2,261
Net amount	18,143		42,861
Less current portion	—		(2,500)
Long-term portion of seller notes payable	$	18,143	$	40,361

Schedule of Future Maturities of Long-Term Debt

Future maturities of long-term debt at March 31, 2025, are as follows which does not include related party debt separately stated (in $000's):

Twelve months ending March 31,
2026	$	41,423
2027	38,553
2028	3,678
2029	1,642
2030	1,606
Thereafter	8,208
Total future maturities of long-term debt	$	95,110

Future maturities of seller notes at March 31, 2025 are as follows (in $000’s):

Twelve months ending March 31,
2027	$	3,000
2028	14,043
2029	1,100
Total	$	18,143