XML 11 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Sep. 30, 2021
Current assets    
Cash and cash equivalents $ 5,395,397 $ 8,226,739
Accounts receivable-trade 24,178,711 21,092,517
Allowance for doubtful accounts (70,310) (70,310)
Retainage receivable 3,139,114 917,526
Other receivables 53,557 543,328
Contract assets 11,937,080 8,730,402
Prepaid expenses and other 4,469,924 3,541,000
Total current assets 49,103,473 42,981,202
Property, plant and equipment, at cost 70,120,945 61,145,705
less accumulated depreciation (40,560,524) (38,195,686)
Total fixed assets 29,560,421 22,950,019
Right-of-use assets-operating lease 348,002  
Intangible assets, net 4,010,557 2,425,923
Goodwill 4,087,554 1,814,317
Total assets 87,110,007 70,171,461
Current liabilities    
Current maturities of long-term debt 4,331,308 3,401,574
Lines of credit and short term borrowings 3,508,341 5,040,250
Accounts payable 11,335,924 7,285,392
Accrued expenses and other current liabilities 7,828,858 5,599,702
Contract liabilities 6,014,875 3,153,290
Income tax payable 100,000  
Total current liabilities 33,119,306 24,480,208
Long-term debt, less current maturities 14,429,759 9,020,774
Deferred tax liability 2,878,649 2,033,433
Total liabilities 50,427,714 35,534,415
Shareholders' equity    
Preferred stock, $.0001 par value Authorized 1,000,000 shares, none issued at June 30, 2022 and 206 issued at September 30, 2021
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,885,615 issued and 16,667,185 outstanding at June 30, 2022 and 14,839,836 issued and 13,621,406 outstanding at September 30, 2021 1,789 1,484
Treasury stock, 1,218,430 shares at June 30, 2022 and September 30, 2021 (122) (122)
Additional paid in capital 60,508,350 60,670,699
Retained deficit (23,827,724) (26,035,015)
Total shareholders' equity 36,682,293 34,637,046
Total liabilities and shareholders' equity $ 87,110,007 $ 70,171,461