Annual report pursuant to Section 13 and 15(d)

9. Long-Term Debt (Details - Note Payable)

v3.8.0.1
9. Long-Term Debt (Details - Note Payable) - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Total Debt $ 76,801,159 $ 15,886,187
Less: unamortized debt issuance costs (1,353,352) (414,025)
Net amount 76,801,159 15,472,162
Current portion (48,877,536) (2,011,880)
Long-term portion 26,570,271 13,460,282
Capitala Term Loan [Member]    
Total Debt $ 28,310,505 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 $ 174,757 198,569
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 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 8.25% per annum  
Collateral Unsecured  
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 #2 Payable to Banc of America Leasing & Capital [Member]    
Total Debt $ 1,969,954 0
Debt maturity date Jan. 30, 2022  
Debt interest rate description 4.63% per annum  
Periodic payment frequency monthly  
Periodic principal and/or interest payments $ 34,768  
Collateral Secured by equipment  
Note #3 Payable to Banc of America Leasing & Capital [Member]    
Total Debt $ 3,341,642 0
Debt maturity date Dec. 30, 2023  
Debt interest rate description Variable, base rate plus a margin  
Periodic payment frequency monthly  
Periodic principal and/or interest payments $ 51,658  
Note Payable to Store Capital Acquisitions [Member]    
Total Debt $ 9,328,208 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  
Note #4 Payable to Banc of America Leasing & Capital [Member]    
Total Debt $ 1,025,782 0
Debt maturity date Dec. 30, 2023  
Debt interest rate description 4.8907% per annum  
Periodic payment frequency monthly  
Periodic principal and/or interest payments $ 15,901  
Collateral Secured by equipment  
Note #1 to Banc of America Leasing & Capital [Member]    
Total Debt $ 4,097,764 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  
Bank of America Revolver Loan [Member]    
Total Debt $ 4,850,815 222,590
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 $ 12,520,437 $ 0
Debt interest rate description Variable, one-month LIBOR plus a margin  
Collateral Secured by substantially all Vintage Stock assets