XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Consolidated Statements of Income        
Revenue $ 51,171,939 $ 25,285,951 $ 129,223,642 $ 82,901,159
Cost of revenues 44,754,346 22,580,340 114,632,057 75,478,966
Gross profit 6,417,593 2,705,611 14,591,585 7,422,193
Selling and administrative expenses 3,821,043 3,207,864 10,870,677 10,627,607
Income (loss) from operations 2,596,550 (502,253) 3,720,908 (3,205,414)
Other income (expense)        
Interest income   108 576 151,877
Paycheck Protection Program loan forgiveness   9,799,100   9,799,100
Other nonoperating expense (174,957) (35,833) (438,195) (121,343)
Interest expense (206,394) (136,995) (548,885) (356,505)
Gain on sale of equipment 58,311 135,269 418,103 627,580
Other nonoperating income (expense), Total (323,040) 9,761,649 (568,401) 10,100,709
Income before income taxes 2,273,510 9,259,396 3,152,507 6,895,295
Income tax (benefit) expense 651,396 (53,844) 945,216 (458,812)
Net income 1,622,114 9,313,240 2,207,291 7,354,107
Dividends on preferred stock   77,250   231,750
Net income available to common shareholders $ 1,622,114 $ 9,235,990 $ 2,207,291 $ 7,122,357
Weighted average shares outstanding-basic 16,449,829 13,621,406 16,270,499 13,621,406
Weighted average shares outstanding-diluted 16,449,829 17,089,722 16,270,499 17,089,722
Earnings per share available to common shareholders $ 0.10 $ 0.68 $ 0.14 $ 0.52
Earnings per share-diluted available to common shareholders $ 0.10 $ 0.54 $ 0.14 $ 0.42