v3.26.1
RESTRICTED CASH
6 Months Ended
Mar. 31, 2026
Cash and Cash Equivalents [Abstract]  
RESTRICTED CASH

NOTE 6 – RESTRICTED CASH

 

A subsidiary of the Company participates in a consortium in order to self-insure group care coverage for its employees. The plan is administrated by Benecon Group, and the Company makes monthly deposits in a trust account to cover medical claims and any administrative costs associated with the plan. Additionally, there was restricted cash in escrow per the purchase agreement with Heisey Mechanical Ltd. Additionally, there are funds in escrow related to bond requirements on certain public projects and deposit guarantees.

 

 

The Company’s restricted cash as of March 31, 2026, and September 30, 2025, are summarized below.

 

   March 31, 2026   September 30, 2025 
       
Benecon group  $972,865   $839,215 
Heisey escrow   -    100,000 
Bond escrow   304,145    366,319 
Deposit guarantees   66,078    67,204 
Restricted cash   $1,343,088   $1,372,738