Schedule of Long-term Debt |
Long-term
debt consisted of the following (in thousands):
Schedule of Long-term Debt
|
|
|
|
September
30, |
|
|
|
|
|
2020 |
|
|
2019 |
|
Notes
payable at 5.5%, matures January 2023 |
|
(d)(1) |
|
$ |
886 |
|
|
$ |
981 |
|
Non-interest-bearing
debts to State of Texas, mature March 2022 and May 2022, interest imputed at 9.6% |
|
(d)(2) |
|
|
2,177 |
|
|
|
3,379 |
|
Note
payable at 5.75%,
matures December
2027, as amended |
|
*(a)(6ii)(7) |
|
|
9,715 |
|
|
|
9,877 |
|
Note
payable at 5.95%,
matures December
2027, as amended |
|
*(a)(6iii)(7) |
|
|
5,787 |
|
|
|
6,776 |
|
Note
payable at 12%, matures February 2030, as amended |
|
(d)(3)(25) |
|
|
5,031 |
|
|
|
5,518 |
|
Notes
payable at 12%,
mature November
2021,
as amended |
|
(d)(4)(26) |
|
|
1,940 |
|
|
|
2,040 |
|
Note
payable at 8%,
matures October
2022, as amended |
|
(b)(5)(23) |
|
|
3,025 |
|
|
|
3,025 |
|
Note
payable at 8%, matures May 2029 |
|
(b)(5) |
|
|
12,599 |
|
|
|
13,569 |
|
Note
payable at 5.75%,
matures December
2027, as amended |
|
*(a)(6i)(7)(8)(9) |
|
|
49,830 |
|
|
|
51,167 |
|
Note
payable at 5.99%,
matures September
2033, as amended |
|
(c)(10) |
|
|
6,395 |
|
|
|
6,555 |
|
Note
payable at 5%, matures August 2029 |
|
*(a)(12) |
|
|
2,165 |
|
|
|
3,709 |
|
Note
payable at prime
plus 0.5% with a 5.5% floor, matures September
2035, as amended |
|
*(a)(13) |
|
|
2,099 |
|
|
|
2,099 |
|
Note
payable initially at prime plus 0.5% with a 5.5% floor, matures September 2030 |
|
*(a)(13) |
|
|
2,861 |
|
|
|
2,619 |
|
Note
payable at 8%, matures May 2021 |
|
(a)(14) |
|
|
582 |
|
|
|
771 |
|
Note
payable at 5.95%,
matures August
2039, as amended |
|
*(a)(11) |
|
|
6,979 |
|
|
|
6,858 |
|
Note
payable at 12%, matures February 2030, as amended |
|
(d)(15)(24) |
|
|
3,875 |
|
|
|
4,000 |
|
Note
payable at 9%, matures September 2028 |
|
(a)(17) |
|
|
1,167 |
|
|
|
1,263 |
|
Note
payable at 5.95%,
matures September
2028, as amended |
|
*(a)(16) |
|
|
1,489 |
|
|
|
1,511 |
|
Note
payable at 6%,
matures February
2040, as amended |
|
*(a)(22) |
|
|
4,066 |
|
|
|
3,608 |
|
Note
payable at 5.49%, matures March 2039, as amended |
|
(c)(21) |
|
|
2,125 |
|
|
|
2,156 |
|
Note
payable at 7%, matures November 2024 |
|
(b)(19) |
|
|
3,319 |
|
|
|
3,982 |
|
Note
payable at 7%, matures February 2021, as amended |
|
(b)(20) |
|
|
2,000 |
|
|
|
2,000 |
|
Notes
payable at 12%, mature November 2021 |
|
(d)(18) |
|
|
2,350 |
|
|
|
2,350 |
|
Note
payable at 8%, matures November 2028 |
|
(b)(20) |
|
|
4,790 |
|
|
|
5,190 |
|
Paycheck
Protection Program loans at 1%, matures May 2022 |
|
(d)(27) |
|
|
5,422 |
|
|
|
- |
|
Total
debt |
|
|
|
|
142,674 |
|
|
|
145,003 |
|
Less
unamortized debt discount and issuance costs |
|
|
|
|
(1,239 |
) |
|
|
(1,475 |
) |
Less
current portion |
|
|
|
|
(16,304 |
) |
|
|
(15,754 |
) |
Total
long-term portion of debt, net |
|
|
|
$ |
125,131 |
|
|
$ |
127,774 |
|
* |
These
commercial bank debts are guaranteed by the Company’s CEO. See Note 21. |
|
Schedule of Maturities of Long-term Debt |
Future
maturities of debt obligations as of September 30, 2020 consist of the following (in thousands):
Schedule of Maturities of Long-term Debt
|
|
Regular
Amortization |
|
|
Balloon
Payments |
|
|
Total
Payments |
|
2021 |
|
$ |
12,098 |
|
|
$ |
4,405 |
|
|
$ |
16,503 |
|
2022 |
|
|
11,032 |
|
|
|
2,350 |
|
|
|
13,382 |
|
2023 |
|
|
8,090 |
|
|
|
3,676 |
|
|
|
11,766 |
|
2024 |
|
|
8,642 |
|
|
|
- |
|
|
|
8,642 |
|
2025 |
|
|
8,479 |
|
|
- |
|
|
|
8,479 |
|
Thereafter |
|
|
41,911 |
|
|
|
41,991 |
|
|
|
83,902 |
|
|
|
$ |
90,252 |
|
|
$ |
52,422 |
|
|
$ |
142,674 |
|
|