XML 52 R42.htm IDEA: XBRL DOCUMENT v3.26.1
SEGMENT INFORMATION - Segment financial information (Details) - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
SEGMENT INFORMATION        
Gross profit $ 14,317,225 $ 11,982,598 $ 38,543,353 $ 22,324,040
Selling, general, and administrative expenses 9,685,305 8,814,545 27,940,257 25,602,253
Intangible asset amortization expenses     1,020,081 459,259
Corporate depreciation expense     10,092,079 8,713,445
Income (loss) from operations 4,631,920 3,168,053 10,603,096 (3,278,213)
Operating Segments        
SEGMENT INFORMATION        
Revenues 130,005,928 103,601,585 337,291,570 280,926,850
Segment direct operating expenses (excluding depreciation) 112,438,751 88,583,618 289,004,046 250,151,995
Direct depreciation expense 3,249,952 3,035,369 9,744,171 8,450,815
Gross profit $ 14,317,225 $ 11,982,598 $ 38,543,353 $ 22,324,040
Segment gross profit percentage 11.00% 11.60% 11.40% 7.90%
Selling, general, and administrative expenses $ 7,634,147 $ 7,274,677 $ 21,807,717 $ 20,355,941
Indirect depreciation expense 112,640 90,429 337,914 257,868
Intangible asset amortization expenses 366,267 192,974 1,062,162 459,259
Segment indirect operating expenses $ 8,113,054 $ 7,558,080 $ 23,207,793 $ 21,073,068
Segment operating margin percentage 4.80% 4.30% 4.50% 0.40%
Income (loss) from operations $ 6,204,171 $ 4,424,518 $ 15,335,560 $ 1,250,972
Operating Segments | Underground Infrastructure Construction        
SEGMENT INFORMATION        
Revenues 71,439,367 55,384,307 186,885,975 140,748,952
Segment direct operating expenses (excluding depreciation) 61,342,374 45,879,667 157,591,501 125,397,809
Direct depreciation expense 2,579,382 2,410,049 7,766,653 6,551,528
Gross profit $ 7,517,611 $ 7,094,591 $ 21,527,821 $ 8,799,615
Segment gross profit percentage 10.50% 12.80% 11.50% 6.30%
Selling, general, and administrative expenses $ 5,513,469 $ 5,530,973 $ 15,449,819 $ 15,070,458
Intangible asset amortization expenses 311,547 174,812 898,002 441,097
Segment indirect operating expenses $ 5,825,016 $ 5,705,785 $ 16,347,821 $ 15,511,555
Segment operating margin percentage 2.40% 2.50% 2.80% (4.80%)
Income (loss) from operations $ 1,692,595 $ 1,388,806 $ 5,180,000 $ (6,711,940)
Operating Segments | Industrial Construction        
SEGMENT INFORMATION        
Revenues 44,677,594 35,044,725 114,821,093 103,135,570
Segment direct operating expenses (excluding depreciation) 38,654,003 31,393,379 99,801,182 92,609,898
Direct depreciation expense 670,570 625,320 1,977,518 1,899,287
Gross profit $ 5,353,021 $ 3,026,026 $ 13,042,393 $ 8,626,385
Segment gross profit percentage 12.00% 8.60% 11.40% 8.40%
Selling, general, and administrative expenses $ 1,160,147 $ 1,029,731 $ 3,295,886 $ 2,993,889
Intangible asset amortization expenses 54,720 18,162 164,160 18,162
Segment indirect operating expenses $ 1,214,867 $ 1,047,893 $ 3,460,046 $ 3,012,051
Segment operating margin percentage 9.30% 5.60% 8.30% 5.40%
Income (loss) from operations $ 4,138,154 $ 1,978,133 $ 9,582,347 $ 5,614,334
Operating Segments | Building Construction        
SEGMENT INFORMATION        
Revenues 13,888,967 13,172,553 35,584,502 37,042,328
Segment direct operating expenses (excluding depreciation) 12,442,374 11,310,572 31,611,363 32,144,288
Gross profit $ 1,446,593 $ 1,861,981 $ 3,973,139 $ 4,898,040
Segment gross profit percentage 10.40% 14.10% 11.20% 13.20%
Selling, general, and administrative expenses $ 960,531 $ 713,973 $ 3,062,012 $ 2,291,594
Indirect depreciation expense 112,640 90,429 337,914 257,868
Segment indirect operating expenses $ 1,073,171 $ 804,402 $ 3,399,926 $ 2,549,462
Segment operating margin percentage 2.70% 8.00% 1.60% 6.30%
Income (loss) from operations $ 373,422 $ 1,057,579 $ 573,213 $ 2,348,578
Corporate        
SEGMENT INFORMATION        
Corporate and non-allocated costs 1,567,530 1,255,048 4,722,470 4,524,423
Corporate depreciation expense $ 4,721 $ 1,417 $ 9,994 $ 4,762