v3.25.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Sep. 30, 2024
Current assets    
Cash and cash equivalents $ 15,338,234 $ 12,926,036
Accounts receivable-trade 58,353,666 56,802,844
Allowance for doubtful accounts (700,875) (738,526)
Retainage receivable 16,283,468 11,704,281
Other receivables 1,094,732 1,047,952
Contract assets 26,685,573 24,595,792
Prepaid expenses and other 4,562,700 4,088,550
Total current assets 121,617,498 110,426,929
Property, plant and equipment, at cost 114,275,410 91,885,621
less accumulated depreciation (60,184,759) (53,749,907)
Total fixed assets 54,090,651 38,135,714
Right-of-use assets-operating leases 2,377,861 2,531,227
Intangible assets, net 3,606,317 3,065,576
Goodwill 7,428,761 4,087,554
Total assets 189,121,088 158,247,000
Current liabilities    
Current maturities of long-term debt 11,133,370 6,372,915
Current maturities of short-term borrowings 10,367,394 10,292,676
Current maturities of operating lease liabilities 1,140,315 907,503
Accounts payable 24,353,056 23,673,659
Accrued expenses and other current liabilities 15,934,215 13,855,533
Contract liabilities 27,660,163 16,950,988
Income tax payable 413,451 2,195,278
Total current liabilities 91,001,964 74,248,552
Long-term debt, less current maturities 37,600,186 17,187,992
Long-term operating lease liabilities, less current maturities 1,240,208 1,625,424
Deferred tax liability 4,737,207 6,490,888
Total liabilities 134,579,565 99,552,856
Shareholders' equity    
Common stock, $.0001 par value Authorized 50,000,000 shares, 18,008,243 issued and 16,612,123 outstanding at June 30, 2025 and 17,860,413 issued and 16,570,685 outstanding at September 30, 2024 1,806 1,790
Treasury stock, 1,396,120 shares at June 30, 2025 and 1,289,728 shares at September 30, 2024 (143) (133)
Additional paid in capital 61,497,573 60,282,921
Retained deficit (6,957,713) (1,590,434)
Total shareholders' equity 54,541,523 58,694,144
Total liabilities and shareholders' equity $ 189,121,088 $ 158,247,000