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Debt (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | Debt consisted of the following (in thousands):
|  |  | September 30,
|  |  | 2024 |  | 2023
Note payable at 8%, matures October 2027, as amended | (b)(1)(5) |  | 3,025 |  |  | 3,025 |
Note payable at 8%, matures May 2029 | (b)(1) |  | 7,846 |  |  | 9,180 |
Note payable at 5.99%, matures September 2033, as amended | (c) (2) |  | 4,950 |  |  | 5,351 |
Note payable at 5.49%, paid in June 2024 | (c)(3) |  | — |  |  | 1,937 |
Note payable at 5.25%, matures September 2031 | *(a)(4) |  | 84,506 |  |  | 87,937 |
Notes payable at 12%, matures October 2026, as amended | (d)(6)(25) |  | 9,100 |  |  | 9,500 |
Notes payable at 12%, matures November 2027, as amended | (d)(6)(25) |  | 3,160 |  |  | 3,331 |
Notes payable at 12%, matures November 2027, as amended | (d)(6)(25) |  | 3,160 |  |  | 3,331 |
Note payable at 5.25%, matures October 2031 | (a)(7) |  | 1,099 |  |  | 1,136 |
Note payable at 6%, matures October 2031 | (b)(7) |  | 8,545 |  |  | 9,459 |
Note payable at 6% matures October 2041 | (b)(7) |  | 7,381 |  |  | 7,611 |
Note payable at 6% matures October 2041 | (b)(7) |  | 921 |  |  | 950 |
Note payable at 4% matures November 2028 | (b)(8) |  | 628 |  |  | 764 |
Note payable at 5.25% matures January 2032 | *(a)(9) |  | 15,978 |  |  | 16,622 |
Note payable at 4.25% matures February 2043 | *(a)(10) |  | 2,493 |  |  | 2,583 |
Note payable at 10% matures September 2026 | (b)(11) |  | 3,534 |  |  | 5,501 |
Note payable at 10% matures May 2032 | (b)(11) |  | 5,000 |  |  | 5,000 |
Note payable at 5%, paid in November 2023 | *(a)(12) |  | — |  |  | 2,195 |
Note payable at 6% matures July 2029 | (b)(13) |  | 589 |  |  | 690 |
Note payable at 6% matures July 2032 | (b)(14) |  | 8,314 |  |  | 9,119 |
Note payable at 6% matures August 2032 | (a)(14) |  | 4,191 |  |  | 4,592 |
Note payable at 7.79% matures August 2039, as amended | *(a)(15) |  | 1,571 |  |  | 1,575 |
Note payable at 4.79% matures October 2042 | (c)(16) |  | 2,644 |  |  | 2,731 |
Note payable initially at 6% matures October 2024 | *(a)(17) |  | 2,247 |  |  | 2,259 |
Note payable at 6% matures October 2037 | (a)(18) |  | 4,478 |  |  | 4,708 |
Note payable initially at 7.79% matures August 2039, as amended | *(a)(19) |  | 1,495 |  |  | 1,500 |
Note payable at 6.67% matures January 2028 | *(a)(20) |  | 3,250 |  |  | 3,302 |
Notes payable at 7%, forgiven in September 2024 | (b)(21) |  | — |  |  | 1,801 |
Notes payable at 7% matures March 2033 | (a)(b)(23) |  | 22,712 |  |  | 24,603 |
Note payable initially at 8.75% matures March 2025 | (d)(22) |  | 2,900 |  |  | 7,500 |
Note payable initially at 7.12% matures June 2028 | *(a)(24) |  | 2,833 |  |  | 2,874 |
Note payable at 8.50% matures November 2033 | (a)(26) |  | 2,657 |  |  | — |
Note payable at 8.25% matures April 2034 | (a)(27) |  | 19,847 |  |  | — |
Total debt |  |  | 241,054 |  |  | 242,667 |
Less unamortized debt discount and issuance costs |  |  | (2,857) |  |  | (2,916) |
Less current portion |  |  | (18,871) |  |  | (22,843) |
Total long-term portion of debt, net |  |  | $ | 219,326 |  |  | $ | 216,908 |
*These commercial bank debts are guaranteed by the Company’s CEO. See Note 1 6.
Schedule of Long-term Debt Instruments | Following is a summary of long-term debt at September 30 (in thousands):
| 2024 |  | 2023
(a) Secured by real estate | $ | 151,098 |  |  | $ | 136,107 |
(b) Secured by stock in subsidiary | 64,042 |  |  | 72,879 |
(c) Secured by other assets | 7,594 |  |  | 10,019 |
(d) Unsecured | 18,320 |  |  | 23,662 |
| $ | 241,054 |  |  | $ | 242,667 |
Schedule of Maturities of Long-term Debt | Future maturities of debt obligations as of September 30, 2024, consist of the following (in thousands):
| Regular Amortization |  | Balloon Payments |  | Total Payments
2025 | $ | 14,264 |  |  | $ | 5,121 |  |  | $ | 19,385 |
2026 | 14,192 |  |  | 2,276 |  |  | 16,468 |
2027 | 14,461 |  |  | 9,100 |  |  | 23,561 |
2028 | 14,812 |  |  | 13,636 |  |  | 28,448 |
2029 | 14,836 |  |  | — |  |  | 14,836 |
Thereafter | 52,452 |  |  | 85,904 |  |  | 138,356 |
| $ | 125,017 |  |  | $ | 116,037 |  |  | $ | 241,054 |

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