| UNCOMPLETED CONTRACTS |
8. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts as of June 30, 2025 and September 30, 2024, are summarized as follows: | | | | | | | | | June 30, 2025 | | September 30, 2024 | Costs incurred on contracts in progress | | $ | 444,808,043 | | $ | 347,180,901 | Estimated earnings, net of estimated losses | | | 77,668,447 | | | 59,349,378 | | | | 522,476,490 | | | 406,530,279 | Less billings to date | | | 523,451,080 | | | 398,885,475 | | | $ | (974,590) | | $ | 7,644,804 | | | | | | | | Costs and estimated earnings in excess of billed on uncompleted contracts | | $ | 26,685,573 | | $ | 24,595,792 | | | | | | | | Less billings in excess of costs and estimated earnings on uncompleted contracts | | | 27,660,163 | | | 16,950,988 | | | | | | | | | | $ | (974,590) | | $ | 7,644,804 |
The Company’s unaudited backlog at June 30, 2025 and September 30, 2024 was $304.4 million and $243.2 million, respectively.
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