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Long-Term Debt (Tables) | 12 Months Ended
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Sep. 30, 2021
Schedule of Long-term Debt | Notes Payable as of September 30, 2021 and 2020 consisted of the following:
|  | September 30, 2021 |  |  | September 30, 2020 |
Encina Business Credit Revolver Loan |  |  | 12,735 |  |  |  | 14,886 |
Texas Capital Bank Revolver Loan |  |  | 8,794 |  |  |  | 7,115 |
Crossroads Financial Revolver Loan |  |  | — |  |  |  | 883 |
Encina Business Credit Term Loan |  |  | 1,319 |  |  |  | 1,663 |
Note Payable Comvest Term Loan |  |  | — |  |  |  | 5,554 |
Note Payable to the Sellers of Vintage Stock |  |  | 4,200 |  |  |  | 10,000 |
Note #1 Payable to Banc of America Leasing & Capital LLC |  |  | — |  |  |  | 1,229 |
Note #3 Payable to Banc of America Leasing & Capital LLC |  |  | 1,320 |  |  |  | 1,862 |
Note #4 Payable to Banc of America Leasing & Capital LLC |  |  | 406 |  |  |  | 572 |
Note #5 Payable to Banc of America Leasing & Capital LLC |  |  | 1,985 |  |  |  | 2,538 |
Note #6 Payable to Banc of America Leasing & Capital LLC |  |  | 618 |  |  |  | 758 |
Note #7 Payable to Banc of America Leasing & Capital LLC |  |  | 4,121 |  |  |  | 4,681 |
Note #8 Payable to Banc of America Leasing & Capital LLC |  |  | 2,943 |  |  |  | 3,091 |
Equipment loans |  |  | 700 |  |  |  | 2,900 |
Note payable to the Sellers of Precision Marshall |  |  | 2,500 |  |  |  | 2,500 |
Note Payable to Store Capital Acquisitions, LLC |  |  | 9,209 |  |  |  | 9,243 |
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 |  |  | 472 |  |  |  | 810 |
Note payable to individual, interest at 7% per annum, five-year notes, unsecured |  |  | 198 |  |  |  | — |
Note payable RSSI/(VSSS) |  |  | 130 |  |  |  | — |
Notes payable JCM Holdings |  |  | 1,833 |  |  |  | — |
Total notes payable |  |  | 54,190 |  |  |  | 77,143 |
Less unamortized debt issuance costs |  |  | (576 | ) |  |  | (1,767 | )
Net amount |  |  | 53,614 |  |  |  | 75,376 |
Less current portion |  |  | (16,055 | ) |  |  | (11,986 | )
Long-term portion |  | $ | 37,559 |  |  | $ | 63,390 |
Schedule of Future Maturities of Long-term Debt | Future maturities of long-term debt at September 30, 2021 are as follows excluding related party debt:
Years ending September 30, |  |  |
2022 |  | $ | 16,055 |
2023 |  |  | 21,006 |
2024 |  |  | 2,495 |
2025 |  |  | 1,607 |
2026 |  |  | 1,457 |
Thereafter |  |  | 11,570 |
Total |  | $ | 54,190 |
Schedule of Fixed Coverage Ratio | The BofA Revolver bears interest at a variable rate based on a base rate plus a margin. The current base rate is the greatest 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 and is based on the fixed charge coverage ratio achieved. The 30-day LIBOR rate has been extended by regulators for use through June 30, 2023. 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, 2021 and 2020, respectively (in 000's):
|  | During the year ended September 30, |
|  | 2021 |  |  | 2020 |
Cumulative borrowing during the period |  | $ | 135,035 |  |  | $ | 121,924 |
Cumulative repayment during the period |  |  | 134,843 |  |  |  | 123,073 |
Maximum borrowed during the period |  |  | — |  |  |  | 11,347 |
Weighted average interest for the period |  |  | 0.00 | % |  |  | 3.14 | %
|  | As of September 30, |
|  | 2021 |  |  | 2020 |
Total availability |  | $ | 23,321 |  |  | $ | 21,732 |
Total outstanding |  |  | — |  |  |  | — |
Encina Revolver Loans |
Summary of Bank Revolver | The following tables summarize the Encina Revolver Loans as of and for the year ended September 30, 2021 (in 000's):
|  | During the year ended September 30, |
|  | 2021 |  |  | 2020 |
Cumulative borrowing during the period |  | $ | 47,008 |  |  | $ | 22,008 |
Cumulative repayment during the period |  |  | 49,159 |  |  |  | 7,203 |
Maximum borrowed during the period |  |  | 1,400 |  |  |  | 14,920 |
Weighted average interest for the period |  |  | 6.50 | % |  |  | 6.50 | %
|  | As of September 30, |
|  | 2021 |  |  | 2020 |
Total availability |  | $ | 3,590 |  |  | $ | 421 |
Total outstanding |  |  | 12,735 |  |  |  | 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, 2021 and September 30, 2020 (in 000's):
|  | During the year ended September 30, |
|  | 2021 |  |  | 2020 |
Cumulative borrowing during the period |  | $ | 90,650 |  |  | $ | 66,362 |
Cumulative repayment during the period |  |  | 88,971 |  |  |  | 69,837 |
Maximum borrowed during the period |  |  | 8,930 |  |  |  | 11,799 |
Weighted average interest for the period |  |  | 2.43 | % |  |  | 3.29 | %
|  | As of September 30, |
|  | 2021 |  |  | 2020 |
Total availability |  | $ | 3,206 |  |  | $ | 5,520 |
Total outstanding |  |  | 8,794 |  |  |  | 7,115 |

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