Contract Assets and Liabilities

3 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Contract Assets and Liabilities

Note 4 – Contract Assets and Liabilities

Contract assets reflect costs and estimated earnings in excess of billings on uncompleted contracts as of December 31, 2025 and September 30, 2025, and consist of the following:

	December 31, 2025		September 30, 2025
Costs incurred on uncompleted contracts	$	9,210,000	$	17,360,000
Estimated earnings		3,157,000		5,926,000
		12,367,000		23,286,000
Billings to date		7,276,000		11,078,000
Contract assets	$	5,091,000	$	12,208,000