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Long-Term Debt (Tables) | 12 Months Ended
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Sep. 30, 2020
Schedule of Long-term Debt | Notes Payable as of September 30, 2020 and 2019 consisted of the following:
|  | September 30, 2020 |  |  | September 30, 2019 |
Bank of America Revolver Loan |  | $ | — |  |  | $ | 13 |
Encina Business Credit Revolver Loan |  |  | 14,886 |  |  |  | — |
Texas Capital Bank Revolver Loan |  |  | 7,115 |  |  |  | 10,590 |
Crossroads Financial Revolver Loan |  |  | 883 |  |  |  | 1,981 |
Encina Business Credit Term Loan |  |  | 1,663 |  |  |  | — |
Note Payable Comvest Term Loan |  |  | 5,554 |  |  |  | 15,412 |
Note Payable to the Sellers of Vintage Stock |  |  | 10,000 |  |  |  | 10,000 |
Note #1 Payable to Banc of America Leasing & Capital LLC |  |  | 1,229 |  |  |  | 2,057 |
Note #3 Payable to Banc of America Leasing & Capital LLC |  |  | 1,862 |  |  |  | 2,379 |
Note #4 Payable to Banc of America Leasing & Capital LLC |  |  | 572 |  |  |  | 731 |
Note #5 Payable to Banc of America Leasing & Capital LLC |  |  | 2,538 |  |  |  | 3,065 |
Note #6 Payable to Banc of America Leasing & Capital LLC |  |  | 758 |  |  |  | 891 |
Note #7 Payable to Banc of America Leasing & Capital LLC |  |  | 4,681 |  |  |  | — |
Note #8 Payable to Banc of America Leasing & Capital LLC |  |  | 3,091 |  |  |  | — |
Equipment loans |  |  | 2,900 |  |  |  | — |
Note payable to the Sellers of Precision Marshall |  |  | 2,500 |  |  |  | — |
Note Payable to Store Capital Acquisitions, LLC |  |  | 9,243 |  |  |  | 9,274 |
Payroll Protection Program |  |  | 6,151 |  |  |  | — |
Note payable to individual, interest at 11% per annum, payable on a 90 day written notice, unsecured |  |  | 207 |  |  |  | 207 |
Note payable to individual, interest at 10% per annum, payable on a 90 day written notice, unsecured |  |  | 500 |  |  |  | 500 |
Note payable to individual, noninterest bearing, monthly payments of $19 through March 2023, unsecured |  |  | 810 |  |  |  | — |
Total notes payable |  |  | 77,143 |  |  |  | 57,100 |
Less unamortized debt issuance costs |  |  | (1,767 | ) |  |  | (1,384 | )
Net amount |  |  | 75,376 |  |  |  | 55,716 |
Less current portion |  |  | (11,986 | ) |  |  | (7,897 | )
Long-term portion |  | $ | 63,390 |  |  | $ | 47,819 |
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt at September 30, 2020 are as follows excluding related party debt:
Years ending September 30, |  |  |  |
2021 |  | $ | 11,986 |
2022 |  |  | 13,678 |
2023 |  |  | 36,218 |
2024 |  |  | 2,256 |
2025 |  |  | 1,308 |
Thereafter |  |  | 11,697 |
Total |  | $ | 77,143 |
Schedule of Fixed Coverage Ratio | The BofA Revolver Loan bears interest at a variable rate based on a base rate plus a margin. The current base rate is the greater of (i) Bank of America prime rate, (ii) the current federal funds rate plus 0.50%, or (iii) 30-day LIBOR plus 1.00% plus the margin, which varies, depending on the fixed coverage ratio table below. Levels I – V determine the interest rate to be charged Marquis which is based on the fixed charge coverage ratio achieved. The Level V interest rate is adjusted up or down on a quarterly basis going forward based upon the above fixed coverage ratio achieved by Marquis.
Level |  | Fixed Charge Coverage Ratio |  | Base Rate Revolver |  |  | LIBOR Revolver |
I |  | <1.20 to 1.00 |  |  | 1.25 | % |  |  | 2.25 | %
II |  | >1.20 to 1.00 but <1.50 to 1.00 |  |  | 1.00 | % |  |  | 2.00 | %
III |  | >1.50 to 1.00 but <1.75 to 1.00 |  |  | 0.75 | % |  |  | 1.75 | %
IV |  | >1.75 to 1.00 but <2.00 to 1.00 |  |  | 0.50 | % |  |  | 1.50 | %
V |  | >2.00 to 1.00 |  |  | 0.25 | % |  |  | 1.25 | %
Bank of America Revolver Loan |
Summary of Bank Revolver | The following tables summarize the BofA Revolver for the years ended and as of September 30, 2020 and 2019:
|  | During the year ended September 30, |
|  | 2020 |  |  | 2019 |
Cumulative borrowing during the period |  | $ | 121,924 |  |  | $ | 87,771 |
Cumulative repayment during the period |  |  | 123,073 |  |  |  | 95,358 |
Maximum borrowed during the period |  |  | 11,347 |  |  |  | 8,071 |
Weighted average interest for the period |  |  | 3.14 | % |  |  | 4.20 | %
|  | As of September 30, |
|  | 2020 |  |  | 2019 |
Total availability |  | $ | 21,732 |  |  | $ | 14,914 |
Total outstanding |  |  | — |  |  |  | 13 |
Encina Revolver Loans |
Summary of Bank Revolver | The following tables summarize the Encina Revolver Loans for the period of July 14, 2020 to September 30, 2020 and as of September 30, 2020:
During the period of July 14, 2020 through September 30, 2020 |  |  |  |
Cumulative borrowing during the period |  | $ | 22,088 |
Cumulative repayment during the period |  |  | 7,203 |
Maximum borrowed during the period |  |  | 14,920 |
Weighted average interest for the period |  |  | 6.50 | %
As of September 30, 2020 |  |  |  |
Total availability |  | $ | 421 |
Total outstanding |  |  | 14,886 |
Texas Capital Bank Revolver Loan |
Summary of Bank Revolver | The following tables summarize the TCB Revolver for the years ended and as of September 30, 2020 and September 30, 2019:
|  | During the year ended September 30, |
|  | 2020 |  |  | 2019 |
Cumulative borrowing during the period |  | $ | 66,362 |  |  | $ | 74,356 |
Cumulative repayment during the period |  |  | 69,837 |  |  |  | 75,648 |
Maximum borrowed during the period |  |  | 11,799 |  |  |  | 11,932 |
Weighted average interest for the period |  |  | 3.29 | % |  |  | 4.55 | %
|  | As of September 30, |
|  | 2020 |  |  | 2019 |
Total availability |  | $ | 5,520 |  |  | $ | 1,410 |
Total outstanding |  |  | 7,115 |  |  |  | 10,590 |

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