v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Sep. 30, 2025
Current assets    
Cash and cash equivalents $ 10,110,449 $ 12,241,408
Accounts receivable-trade 60,372,358 76,570,064
Allowance for credit losses (303,722) (521,616)
Retainages receivable 18,601,638 16,049,557
Other receivables 1,241,166 1,103,687
Contract assets 26,773,714 34,455,011
Prepaid expenses and other 6,445,709 5,025,476
Total current assets 123,241,312 144,923,587
Property, plant and equipment, at cost 121,611,925 115,448,972
less accumulated depreciation (67,435,755) (61,981,005)
Total fixed assets 54,176,170 53,467,967
Right-of-use assets-operating leases 2,393,665 2,054,615
Intangible assets, net 4,204,738 4,895,083
Goodwill 9,865,804 9,865,804
Total assets 193,881,689 215,207,056
Current liabilities    
Current maturities of long-term debt 9,289,546 11,546,816
Current maturities of lines of credit and short-term borrowings 10,450,998 10,401,366
Current maturities of operating lease liabilities 1,213,982 1,061,021
Accounts payable 21,271,471 30,732,523
Accrued expenses and other current liabilities 16,152,668 15,918,593
Contract liabilities 29,474,281 28,318,765
Total current liabilities 87,852,946 97,979,084
Long-term debt, less current maturities 15,411,686 50,256,031
Long-term operating lease liabilities, less current maturities 1,171,456 982,621
Deferred tax liability 7,916,026 6,753,527
Total liabilities 112,352,114 155,971,263
Shareholders' equity    
Common stock, $.0001 par value Authorized 50,000,000 shares, 18,659,679 shares issued (net of treasury shares) and 18,622,287 shares outstanding (excluding 37,392 shares from unvested stock awards) at March 31, 2026 and 16,748,702 shares issued (net of treasury shares) and 16,715,026 shares outstanding (excluding 33,676 unvested shares from restricted stock awards) at September 30, 2025 2,013 1,813
Treasury stock, 1,502,236 shares at March 31, 2026 and 1,396,120 shares at September 30, 2025 (154) (143)
Additional paid in capital 82,880,372 62,450,414
Retained deficit (1,352,656) (3,216,291)
Total shareholders' equity 81,529,575 59,235,793
Total liabilities and shareholders' equity $ 193,881,689 $ 215,207,056