Floors-N-More, LLC, dba, Carpets N' More led to value destruction. On January 23, 2021, ALJ Regional Holdings, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “PSA”), by and among the Company, Superior Interior Finishes, LLC, a Nevada limited liability company (the “Purchaser”) and Floors-N-Moore, LLC, dba Carpets N’ More (“Carpets”), a wholly owned subsidiary of the Company, pursuant to which the Company will sell 100% of the membership interests of Carpets to the Purchaser for an aggregate purchase price of $500,000 (the “Purchase Price”) in cash (the “Transaction”). The Company decided to enter into the Transaction because its Carpets business segment had been deemed a non-core holding and underperformed over the past several years. ALJJ paid $5.47 million for just under 88 percent in 2014.