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Long-Term Debt (Tables) | 12 Months Ended
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Sep. 30, 2019
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Long-term debt consisted of the following (in thousands):
|  |  |  | September 30, |
|  |  |  | 2019 |  |  | 2018 |
Notes payable at 5.5%, matures January 2023 |  | * |  | $ | 981 |  |  | $ | 1,071 |
Non-interest-bearing debts to State of Texas, mature March 2022 and May 2022, interest imputed at 9.6% |  |  |  |  | 3,379 |  |  |  | 4,470 |
Note payable at 5.45%, matures December 2027 |  | *(a) |  |  | 9,877 |  |  |  | 10,258 |
Note payable at 5.95%, matures December 2027 |  | *(a) |  |  | 6,776 |  |  |  | 7,544 |
Note payable at 12%, matures October 2021 |  |  |  |  | 5,518 |  |  |  | 6,219 |
Note payable at 4.99%, collateralized by aircraft, paid June 2019 |  | (a) |  |  | - |  |  |  | 912 |
Notes payable at 12%, mature May 2020 |  |  |  |  | 2,040 |  |  |  | 2,940 |
Note payable at 8%, matures May 2020, as amended, subsequently extended |  | ** |  |  | 3,025 |  |  |  | 3,025 |
Note payable at 8%, matures May 2029 |  | ** |  |  | 13,569 |  |  |  | 14,464 |
Note payable at 5.75%, matures December 2027 |  | *(a) |  |  | 51,167 |  |  |  | 58,826 |
Note payable at 5.99%, matures December 2032 |  |  |  |  | 6,555 |  |  |  | 6,877 |
Note payable at 5%, matures August 2029 |  | *(a) |  |  | 3,709 |  |  |  | 4,257 |
Note payable at 5%, matures April 2020 |  | *(a) |  |  | 2,099 |  |  |  | 3,079 |
Note payable initially at prime plus 0.5% with a 5.5% floor, matures September 2030 |  | *(a) |  |  | 2,619 |  |  |  | 960 |
Note payable at 8%, matures May 2021 |  | * |  |  | 771 |  |  |  | 945 |
Note payable at 5.95%, matures August 2039 |  | *(a) |  |  | 6,858 |  |  |  | 3,168 |
Note payable at 12%, matures August 2021 |  |  |  |  | 4,000 |  |  |  | 4,000 |
Note payable at 9%, matures September 2028 |  | * |  |  | 1,263 |  |  |  | 1,350 |
Note payable at 6.1%, paid February 2019 |  | *(a) |  |  | - |  |  |  | 1,500 |
Note payable at 5.95%, matures September 2028 |  | *(a) |  |  | 1,511 |  |  |  | 1,550 |
Note payable at 7%, paid April 2019 |  |  |  |  | - |  |  |  | 5,000 |
Note payable at 6%, matures February 2040 |  | *(a) |  |  | 3,608 |  |  |  | - |
Note payable at 5.49%, matures December 2038 |  |  |  |  | 2,156 |  |  |  | - |
Note payable at 7%, matures November 2024 |  | ** |  |  | 3,982 |  |  |  | - |
Note payable at 7%, matures November 2020 |  | ** |  |  | 2,000 |  |  |  | - |
Notes payable at 12%, mature November 2021 |  |  |  |  | 2,350 |  |  |  | - |
Note payable at 8%, matures November 2028 |  | ** |  |  | 5,190 |  |  |  | - |
Total debt |  |  |  |  | 145,003 |  |  |  | 142,415 |
Less unamortized debt discount and issuance costs |  |  |  |  | (1,475 | ) |  |  | (1,788 | )
Less current portion |  |  |  |  | (15,754 | ) |  |  | (19,047 | )
Total long-term portion of debt |  |  |  | $ | 127,774 |  |  | $ | 121,580 |
* | Collateralized by real estate
** | Collateralized by stock in subsidiary
(a) | These commercial bank debts are guaranteed by the Company’s CEO. See Note 20.
Schedule of Long-term Debt Instruments | Following is a summary of long-term debt at September 30 (in thousands):
|  | 2019 |  |  | 2018 |
Secured by real estate |  | $ | 90,257 |  |  | $ | 93,437 |
Secured by stock in subsidiary |  |  | 27,766 |  |  |  | 17,489 |
Secured by other assets |  |  | 8,711 |  |  |  | 7,789 |
Unsecured |  |  | 18,269 |  |  |  | 23,700 |
|  | $ | 145,003 |  |  | $ | 142,415 |
Schedule of Maturities of Long-term Debt | Future maturities of long-term debt consist of the following (in thousands):
|  | Regular Amortization |  |  | Balloon Payments |  |  | Total Payments |
2020 |  | $ | 8,822 |  |  | $ | 7,163 |  |  | $ | 15,985 |
2021 |  |  | 9,499 |  |  |  | 6,466 |  |  |  | 15,965 |
2022 |  |  | 7,756 |  |  |  | 6,273 |  |  |  | 14,029 |
2023 |  |  | 7,279 |  |  |  | 1,970 |  |  |  | 9,249 |
2024 |  |  | 7,685 |  |  | - |  |  |  | 7,685 |
Thereafter |  |  | 39,401 |  |  |  | 42,689 |  |  |  | 82,090 |
|  | $ | 80,442 |  |  | $ | 64,561 |  |  | $ | 145,003 |

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