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8. Long Term Debt (Details - Long Term Debt) - USD ($) | 12 Months Ended |
--- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017
Total Debt | $ 74,417,281 | $ 76,801,159
Less: unamortized debt issuance costs | (1,653,458) | (1,353,352)
Net amount | 72,763,823 | 75,447,807
Current portion | (13,958,355) | (48,877,536)
Long-term portion | 58,805,468 | 26,570,271
Capitala Term Loan [Member] |  |
Total Debt |  | 28,310,505
Debt maturity date | Nov. 30, 2021 |
Debt interest rate description | Variable, base rate plus margin |
Periodic payment frequency | quarterly |
Periodic principal and/or interest payments | $ 725,000 |
Collateral | Secured by Vintage Stock assets |
Note Payable - Cathay Bank [Member] |  |
Total Debt | $ 0 | 174,757
Debt maturity date | Dec. 31, 2017 |
Debt interest rate description | Prime plus 2.25% |
Periodic payment frequency | interest monthly |
Collateral | Secured by substantially all Modern Everyday assets |
Note Payable #2 - Cathay Bank [Member] |  |
Total Debt | $ 0 | 249,766
Debt maturity date | Dec. 31, 2017 |
Debt interest rate description | Prime plus 1.5% |
Periodic payment frequency | interest monthly |
Collateral | Secured by substantially all Modern Everyday assets |
Note payable to individual [Member] |  |
Total Debt | $ 206,529 | 206,529
Debt interest rate description | 11% per annum |
Collateral | Unsecured |
Note payable to individual 2 [Member] |  |
Total Debt | $ 500,000 | 500,000
Debt interest rate description | 10% per annum |
Collateral | Unsecured |
Note payable to individual 3 [Member] |  |
Total Debt | $ 225,000 | 225,000
Debt interest rate description | 8.5% per annum |
Collateral | Unsecured |
Comvest Term Loan [Member] |  |
Total Debt | $ 22,500,000 | 0
Debt maturity date | May 26, 2023 |
Debt interest rate description | Variable, base rate plus margin |
Periodic payment frequency | quarterly |
Note Payable to the Sellers of Vintage Stock [Member] |  |
Total Debt | $ 10,000,000 | 10,000,000
Debt maturity date | Sep. 23, 2023 |
Debt interest rate description | 8% per annum |
Periodic payment frequency | monthly |
Collateral | Secured by Vintage Stock assets |
Note #1 to Banc of America Leasing & Capital [Member] |  |
Total Debt | $ 3,230,555 | 4,097,764
Debt maturity date | Sep. 30, 2021 |
Debt interest rate description | 3.8905% per annum |
Periodic payment frequency | monthly |
Periodic principal and/or interest payments | $ 84,273 |
Collateral | Secured by equipment |
Note #2 Payable to Banc of America Leasing & Capital [Member] |  |
Total Debt | $ 1,636,940 | 1,969,954
Debt maturity date | Jan. 30, 2022 |
Debt interest rate description | 4.63% per annum |
Periodic payment frequency | 59 monthly payments |
Periodic principal and/or interest payments | $ 34,768 |
Collateral | Secured by equipment |
Note #3 Payable to Banc of America Leasing & Capital [Member] |  |
Total Debt | $ 2,871,849 | 3,341,642
Debt maturity date | Dec. 30, 2023 |
Debt interest rate description | Variable, base rate plus a margin |
Periodic payment frequency | 84 monthly payments |
Periodic principal and/or interest payments | $ 51,658 |
Note #4 Payable to Banc of America Leasing & Capital [Member] |  |
Total Debt | $ 881,937 | 1,025,782
Debt maturity date | Jan. 30, 2024 |
Debt interest rate description | 4.8907% per annum |
Periodic payment frequency | 81 monthly payments |
Periodic principal and/or interest payments | $ 15,901 |
Collateral | Secured by equipment |
Note #5 Payable to Bank of America Leasing [Member] |  |
Total Debt | $ 3,568,925 | 0
Debt maturity date | Jan. 28, 2025 |
Debt interest rate description | 4.67% per annum |
Periodic payment frequency | 84 monthly payments |
Periodic principal and/or interest payments | $ 54,943 |
Collateral | Secured by equipment |
Note Payable to Store Capital Acquisitions [Member] |  |
Total Debt | $ 9,302,346 | 9,328,208
Debt maturity date | Jun. 30, 2056 |
Debt interest rate description | 9.25% per annum |
Periodic payment frequency | monthly |
Periodic principal and/or interest payments | $ 73,970 |
Collateral | Secured by Marquis land and buildings |
Bank of America Revolver Loan [Member] |  |
Total Debt | $ 7,600,605 | 4,850,815
Debt maturity date | Jul. 31, 2020 |
Debt interest rate description | Variable, base rate plus a margin |
Periodic payment frequency | monthly |
Collateral | Secured by substantially all Marquis assets |
Texas Capital Bank Revolver Loan [Member] |  |
Total Debt | $ 11,892,595 | $ 12,520,437
Debt maturity date | Nov. 30, 2020 |
Debt interest rate description | Variable, one-month LIBOR plus a margin |
Periodic payment frequency | monthly |
Collateral | Secured by substantially all Vintage Stock assets |

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