v3.25.2
Contract Assets and Liabilities (Tables)
6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Contract Assets Reflect Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts
Contract assets reflect costs and estimated earnings in excess of billings on uncompleted contracts as of March 31, 2025 and September 30, 2024,
a
n
d
consist of the following:
 
 
  
March 31, 2025
 
  
September 30, 2024
 
Costs incurred on uncompleted contracts
   $ 5,023,000      $ 14,508,000  
Estimated earnings
     1,776,000        6,977,000  
  
 
 
    
 
 
 
     6,799,000        21,485,000  
Billings to date
     2,419,000        12,146,000  
  
 
 
    
 
 
 
Contract assets
   $ 4,380,000      $ 9,339,000  
  
 
 
    
 
 
 
Contract Liabilities Reflect Billings In Excess Of Costs And Estimated Earnings On Uncompleted Contracts
Contract liabilities reflect billings in excess of costs and estimated earnings on uncompleted contracts as of March 31, 2025, and consist of the following:
 
     March 31, 2025  
Costs incurred on uncompleted contracts
   $ 32,169,000  
Estimated earnings
     15,106,000  
  
 
 
 
     47,275,000  
Billings to date
     50,071,000  
  
 
 
 
Contract liabilities
   $ (2,796,000