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9. LOANS (Tables)
 12 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Loans Outstanding The following table reflects our outstanding loans as of September 30, 2023 and September 30, 2022:

 

 

 

 

 

 

 

September 30, 2023

 

 

September 30, 2022

 

($ in thousands)

 

Maturity Date

 

Rate

 

Debt Balance, Net

 

 

Debt Balance, Net

 

Master Equipment Financing Arrangement

 

Apr-25

 

13.80%

 

$

11,603

 

 

$

17,073

 

Mortgage - Corporate Facility

 

Apr-25

 

10.00%

 

 

1,950

 

 

 

—

 

SPRE Commercial Group, Inc.

 

Aug-23

 

12.00%

 

 

—

 

 

 

1,807

 

Marquee Funding Partners

 

Jul-26 - Feb-27

 

13.00%

 

 

1,725

 

 

 

2,127

 

Auto & Equipment Loans

 

Oct-26 - Jun -29

 

0.99-9.60%

 

 

625

 

 

 

212

 

Total Loans Outstanding

 

 

 

 

 

$

15,903

 

 

$

21,219

 

Less: current portion of long-term loans

 

 

 

 

 

 

(6,992

)

 

 

(7,786

)

Long-term loans, excluding current portion

 

 

 

 

 

$

8,911

 

 

$

13,433

 
Schedule of Principal Amount of Loan Maturities Due Over the Years

The following table reflects the principal amount of loan maturities due over the next five years and beyond as of September 30, 2023:

 

($ in thousands)

 

5-Year Loan Maturities

 

Outstanding Loan

 

FY 2024

 

 

FY 2025

 

 

FY 2026

 

 

FY 2027

 

 

FY 2028

 

 

Thereafter

 

 

Total

 

Master Equipment Financing Arrangement

 

$

6,509

 

 

$

5,221

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

11,730

 

Mortgage - Corporate Facility

 

 

—

 

 

 

2,000

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,000

 

Marquee Funding Partners

 

 

458

 

 

 

521

 

 

 

592

 

 

 

154

 

 

 

—

 

 

 

—

 

 

 

1,725

 

Auto & Equipment Loans

 

 

152

 

 

 

159

 

 

 

147

 

 

 

83

 

 

 

69

 

 

 

15

 

 

 

625

 

Total principal amount of loan payments by fiscal year

 

$

7,119

 

 

$

7,901

 

 

$

739

 

 

$

237

 

 

$

69

 

 

$

15

 

 

$

16,080

 

Unamortized deferred financing costs and discounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(177

)

Total loan book value as of September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

15,903