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7. Long Term Debt (Details - Note Payable) - USD ($) | 6 Months Ended |
--- | --- | ---
Mar. 31, 2017 | Sep. 30, 2016
Total Debt | $ 76,322,078 | $ 15,886,186
Less: unamortized debt issuance costs | (1,470,378) | (414,025)
Net amount | 76,322,078 | 15,472,162
Current portion | (21,210,899) | (2,011,880)
Long-term portion | 53,640,801 | 13,460,282
Note Payable to the Sellers of Vintage Stock [Member] |  |
Total Debt | $ 10,000,000 | 0
Debt maturity date | May 31, 2022 |
Debt interest rate description | 8% per annum |
Periodic payment frequency | monthly |
Collateral | Secured by Vintage Stock assets |
Note Payable to Banc of America Leasing [Member] |  |
Total Debt | $ 4,518,901 | 4,931,937
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 [Member] |  |
Total Debt | $ 2,130,778 | 0
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 [Member] |  |
Total Debt | $ 3,568,236 | 0
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 [Member] |  |
Total Debt | $ 1,095,113 | 0
Debt maturity date | Dec. 30, 2023 |
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 Payable - Store Capital [Member] |  |
Total Debt | $ 9,340,275 | 9,351,796
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 |
Capitala Term Loan [Member] |  |
Total Debt | $ 28,923,526 | 0
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 | $ 185,622 | 198,569
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 | $ 249,766 | 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 - Individual 2 [Member] |  |
Total Debt | $ 500,000 | 500,000
Debt interest rate description | 10% per annum |
Collateral | Unsecured |
Note Payable - Individual 3 [Member] |  |
Total Debt | $ 225,000 | 225,000
Debt interest rate description | 8.25% per annum |
Collateral | Unsecured |
Bank of America Revolver Loan [Member] |  |
Total Debt | $ 2,707,694 | 222,590
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 | $ 12,670,638 | $ 0
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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- Definition Amount of short-term debt and current maturity of long-term debt and capital lease obligations due within one year or the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Discussion of whether the debt instrument is secured or unsecured, and, if secured, a description of the collateral and guarantees required or provided. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 + Details
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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