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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current assets    
Cash and cash equivalents $ 3,384,608 $ 1,493,040
Accounts receivable-trade 19,624,017 21,338,455
Allowance for doubtful accounts (147,922) (147,922)
Retainages receivable 1,817,576 3,313,995
Other receivables 265,833 265,695
Costs and estimated earnings in excess of billings on uncompleted contracts 7,475,891 6,745,377
Deferred tax asset 487,570 1,126,697
Prepaid expenses and other 2,134,635 2,372,968
Assets of discontinued operations 1,727,428 1,739,324
Total current assets 36,769,636 38,247,629
Property, plant and equipment, at cost 36,681,526 33,494,845
less accumulated depreciation $ (25,634,379) $ (25,075,178)
Assets of discontinued operations, net
Total Property, plant and equipment $ 11,047,147 $ 8,419,667
Long-term notes receivable 137,281 137,281
Total assets 47,954,064 46,804,577
Current liabilities    
Current maturities of long-term debt 2,488,917 2,376,577
Lines of credit and short term borrowings 4,250,000 4,516,235
Accounts payable 3,201,182 3,671,847
Accrued expenses and other current liabilities 4,645,073 4,301,439
Billings in excess of costs and estimated earnings on uncompleted contracts 2,462,094 2,672,294
Income tax payable 95,890 171,782
Liabilities of discontinued operations 24,513 101,409
Total current liabilities 17,167,669 17,811,583
Long-term debt, less current maturities 8,065,984 6,802,451
Deferred income taxes payable $ 1,812,169 $ 1,903,907
Liabilities of discontinued operations
Total liabilities $ 27,045,822 $ 26,517,941
Shareholders' equity    
Preferred stock, $.0001 par value Authorized 1,000,000 shares, 206 issued at December 31, 2015 and September 30, 2015
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding December 31, 2015 and September 30, 2015 $ 1,484 $ 1,484
Treasury stock, 600,000 shares at December 31, 2015 and September 30, 2015 (60) (60)
Additional paid in capital 61,289,260 61,289,260
Retained earnings (deficit) (40,382,442) (41,004,048)
Total shareholders' equity 20,908,242 20,286,636
Total liabilities and shareholders' equity $ 47,954,064 $ 46,804,577