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Long-term Debt (Tables)
 12 Months Ended
Sep. 30, 2016
Schedule of Long-term Debt

Long-term debt consisted of the following (in thousands):

 

          September 30,  
          2016     2015  
                   
Notes payable at 10-11%, mature August 2022 and December 2024   *     $ 2,662     $ 2,938  
Note payable at 7%, matures December 2019   *       133       169  
Note payable at 7.25%, matures May 2016   *       -       218  
Note payable at the greater of 2% above prime or 7.5%, paid in 2016   *       -       2,891  
Note payable at the greater of 2% above prime or 7.5%, paid in 2016   *       -       3,482  
Note payable at 8%, paid in 2016   *       -       2,292  
Notes payable at 5.5%, matures January 2023           1,238       1,315  
Notes payable at 5.5%, matures January 2023 and January 2022   *       4,864       5,698  
Note payable refinanced at 6.25%, matures July 2018   *       1,227       1,328  
Note payable at 6.3%, matures June 2030, collateralized by aircraft           422       440  
10% convertible debentures matures August 2016           -       1,000  
Note payable at 9.5%, matures August 2024   **       10,642       12,607  
Notes payable at 9.5%, mature September 2024   *       7,040       7,601  
6% convertible debentures, mature March 2023   **       406       482  
Notes payable at 13%, matures October 2016 and 2017   **       4,000       4,000  
Notes payable at 5-7%, mature from 2018 to 2028   *       1,867       2,043  
Note payable at 11%, matures June 2018   *       1,500       2,500  
Convertible note payable from a related party at 10%, matures October, 2017           -       750  
9% convertible debentures matures October 2016           452       2,270  
7.45% note payable collateralized by aircraft, matures 2019           3,013       3,265  
Notes payable at 12%, mature December 2017 and September 2018   **       4,000       4,000  
Non interest-bearing debt to State of Texas, matures May 2022, interest imputed at 9.6%           6,201       6, 988  
Note payable at 6.5%, matures January 2020   *       4,621       4,748  
Note payable at 6%, matures January 2019   *       857       1,189  
Notes payable at 5.5%, matures May 2020   *       5,493       5,656  
Note payable at 6%, matures May 2020   *       1,386       1,714  
Note payable at 5.3%, matures December 2024   *       1,842       1,901  
Note payable at 5.45%, matures July 2020   *       10,962       11,273  
Note payable at the greater of 2% above prime or 5% (5.5% at September 30, 2016), matures October 2025   *       4,430       -  
Note payable at 5%, matures January 2026   *       9,882       -  
Note payable at 5.25%, matures October 2026   *       4,442       -  
Note payable at 5%, matures July 2017   *       2,157       -  
Note payable at 5%, matures February 2018   *       1,894       -  
Note payable at 5.95%, matures August 2026   *       8,945       -  
Other notes           -       162  
Total debt           106,578       94,920  
Less unamortized debt issuance costs           (692 )     (571 )
Less current portion           (9,950 )     (9,469 )
                       
Total long-term debt         $ 95,936     $ 84,880  

 

* Collateralized by real estate

 

** Collateralized by stock in subsidiary
Schedule of Long-term Debt Instruments

Following is a summary of long-term debt at September 30 (in thousands):

 

    2016     2015  
Secured by real estate   $ 76,204     $ 57,641  
Secured by stock in subsidiary     19,048       21,089  
Secured by other assets     3,435       3,705  
Unsecured     7,891       12,485  
    $ 106,578     $ 94,920  
Schedule of Maturities of Long-term Debt

Future maturities of long-term debt consist of the following, net of debt discount (in thousands):

 

    Regular     Balloon     Total  
    Amortization     Payments     Payments  
2017   $ 7,793     $ 2,157     $ 9,950  
2018     8,102       12,419       20,521  
2019     8,130       2,344       10,474  
2020     8,514       18,354       26,868  
2021     5,324       5,211       10,535  
Thereafter     9,225       19,005       28,230  
    $ 47,088     $ 59,490     $ 106,578  
Warrants Outstanding One [Member]  
Schedule of Warrants Valuation Assumptions

Volatility     26 %
Expected life     1.5 years  
Expected dividend yield     -  
Risk free rate     0.38 %
Warrants Outstanding Two [Member]  
Schedule of Warrants Valuation Assumptions

Volatility     28 %
Expected life     1.5 years  
Expected dividend yield     -  
Risk free rate     0.33 %