Energy Services of America (ESOA) 10-K 15 Dec 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2017	Dec. 01, 2017	Mar. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Energy Services of America CORP
Entity Central Index Key	1,357,971
Trading Symbol	esoa
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Well-Known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		14,239,836
Entity Public Float			$ 14,848,780
Document Type	10-K
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Current assets
Cash and cash equivalents	$ 1,663,222	$ 3,815,790
Accounts receivable-trade	23,140,272	24,059,432
Allowance for doubtful accounts	(108,200)	(133,500)
Retainages receivable	3,773,892	5,810,474
Other receivables	96,242	106,837
Costs and estimated earnings in excess of billings on uncompleted contracts	5,350,884	5,953,818
Prepaid expenses and other	4,044,731	2,485,101
Assets of discontinued operations	12,303	12,303
Total current assets	37,973,346	42,110,255
Property, plant and equipment, at cost	48,436,122	39,375,505
less accumulated depreciation	(29,243,614)	(26,625,827)
Total fixed assets	19,192,508	12,749,678
Deferred tax asset	1,394,066	1,399,152
Long-term notes receivable	137,281	137,281
Total assets	58,697,201	56,396,366
Current liabilities
Current maturities of long-term debt	4,562,918	2,867,898
Lines of credit and short term borrowings	9,432,968	6,232,943
Accounts payable	5,522,143	5,006,427
Accrued expenses and other current liabilities	4,302,611	5,933,571
Billings in excess of costs and estimated earnings on uncompleted contracts	2,173,965	3,410,548
Income tax payable		1,076,440
Liabilities of discontinued operations	28,671	28,671
Total current liabilities	26,023,276	24,556,498
Long-term debt, less current maturities	9,702,483	7,390,099
Deferred income taxes payable	1,840,623	1,926,077
Total liabilities	37,566,382	33,872,674
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares, 206 issued at September 30, 2017 and 2016
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2017 and 2016	1,484	1,484
Treasury stock, 600,000 shares at September 30, 2017 and 2016	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(40,159,865)	(38,766,992)
Total shareholders' equity	21,130,819	22,523,692
Total liabilities and shareholders' equity	$ 58,697,201	$ 56,396,366

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2017	Sep. 30, 2016
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 140,495,726	$ 155,481,145
Cost of revenues	132,711,810	141,283,142
Gross profit	7,783,916	14,198,003
Selling and administrative expenses	7,401,769	7,293,323
Income from operations	382,147	6,904,680
Other income (expense)
Other nonoperating income (expense)	(162,422)	(158,246)
Interest expense	(833,424)	(875,254)
Gain on sale of equipment	145,575	268,448
Other income (expense), Total	(850,271)	(765,052)
Income (loss) from continuing operations before income taxes	(468,124)	6,139,628
Income tax expense (benefit)	(80,368)	2,898,205
Income (loss) from continuing operations	(387,756)	3,241,423
Dividends on preferred stock	309,000	309,000
Income (loss) from continuing operations available to common shareholders	(696,756)	2,932,423
Income from discontinued operations net of tax expense of $0 in 2017 and 2016	0	0
Net income (loss) available to common shareholders	$ (696,756)	$ 2,932,423
Weighted average shares outstanding-basic (in shares)	14,239,836	14,239,836
Weighted average shares-diluted (in shares)	14,239,836	17,673,169
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	$ (0.049)	$ 0.206
Earnings (loss) per share from continuing operations-diluted available to common shareholders (in dollars per share)	(0.049)	0.166
Earnings (loss) per share available to common shareholders (in dollars per share)	(0.049)	0.206
Earnings (loss) per share-diluted available to common shareholders (in dollars per share)	$ (0.049)	$ 0.166

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (Parentheticals) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Tax benefit on Income (loss) from discontinued operations	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income (loss) available to common shareholders	$ (696,756)	$ 2,932,423
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	3,235,362	2,503,471
Gain on sale/disposal of equipment	(145,575)	(268,448)
Provision for deferred taxes	(80,368)	1,470,498
Decrease (increase) in contracts receivable	893,860	(2,735,399)
Decrease (increase) in retainage receivable	2,036,582	(2,496,479)
Decrease in other receivables	10,595	158,858
Decrease in cost and estimated earnings in excess of billings on uncompleted contracts	602,934	791,559
Increase in prepaid expenses	(1,559,630)	(112,133)
Increase in accounts payable	515,716	1,254,235
(Decrease) increase in accrued expenses	(1,630,960)	1,639,739
(Decrease) increase in billings in excess of cost and estimated earnings on uncompleted contracts	(1,236,583)	738,254
(Decrease) increase in income taxes payable	(1,076,440)	904,658
Net cash provided by operating activities	868,737	6,781,236
Cash flows from investing activities:
Investment in property & equipment	(2,788,272)	(3,406,019)
Proceeds from sales of property and equipment	275,122	420,008
Net cash used in investing activities	(2,513,150)	(2,986,011)
Cash flows from financing activities:
Dividends on common stock	(696,117)	(695,367)
Borrowings on lines of credit and short term debt, net of (repayments)	3,200,025	1,716,708
Principal payments on long term debt	(3,012,063)	(2,500,054)
Net cash used in financing activities	(508,155)	(1,478,713)
Increase (decrease) in cash and cash equivalents	(2,152,568)	2,316,512
Cash beginning of period	3,828,093	1,511,581
Cash end of period	1,675,525	3,828,093
Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	7,019,467	3,579,023
Insurance premiums financed	3,524,350	2,565,020
Cash paid during the year for:
Interest	833,424	875,254
Income taxes	1,578,334	310,401
Insurance premiums	3,203,954	2,348,312
Dividends paid on preferred stock	$ 309,000	$ 309,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid in Capital	Retained Earnings (deficit)	Treasury Stock	Total
Balance at Sep. 30, 2015	$ 1,484	$ 61,289,260	$ (41,004,048)	$ (60)	$ 20,286,636
Balance (in shares) at Sep. 30, 2015	14,239,836
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) available to common shareholders			2,932,423		2,932,423
Dividends on common stock ($0.05 per share on 13,907,340 and 13,922,336 shares; 332,496 and 317,500 common shares for 2016 and 2017 respectively are part of preferred units and were not eligible for the common dividend)			(695,367)		(695,367)
Balance at Sep. 30, 2016	$ 1,484	61,289,260	(38,766,992)	(60)	22,523,692
Balance (in shares) at Sep. 30, 2016	14,239,836
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) available to common shareholders			(696,756)		(696,756)
Dividends on common stock ($0.05 per share on 13,907,340 and 13,922,336 shares; 332,496 and 317,500 common shares for 2016 and 2017 respectively are part of preferred units and were not eligible for the common dividend)			(696,117)		(696,117)
Balance at Sep. 30, 2017	$ 1,484	$ 61,289,260	$ (40,159,865)	$ (60)	$ 21,130,819
Balance (in shares) at Sep. 30, 2017	14,239,836

CONSOLIDATED STATEMENTS OF CHA8

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Common stock per share price	$ 0.05	$ 0.05
Common shares dividend	13,922,336	13,907,340
Preferred units dividend	317,500	332,496

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	12 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
BUSINESS AND ORGANIZATION	1. BUSINESS AND ORGANIZATION: Energy Services of America Corporation (“Energy Services”) was formed in 2006 as a special purpose acquisition corporation, or blank check company. On August 15, 2008, Energy Services completed the acquisitions of S.T. Pipeline, Inc. (“S.T. Pipeline”) and C.J. Hughes Construction Company, Inc. (“C.J. Hughes”). Wholly owned subsidiary C.J. Hughes is a general contractor primarily engaged in pipeline construction for utility companies. C.J. Hughes operates primarily in the mid-Atlantic region of the United States. Contractors Rental Corporation (“Contractors Rental”), a wholly owned subsidiary of C.J. Hughes provides union building trade employees for projects managed by C.J. Hughes. Nitro Electric Company, Inc. (“Nitro Electric”), a wholly owned subsidiary of C. J. Hughes, is an electrical and mechanical contractor that provides its services to the power, chemical and automotive industries. Nitro Electric operates primarily in the mid-Atlantic region of the United States. Pinnacle Technical Solutions, Inc. (“Pinnacle”), a wholly owned subsidiary of Nitro Electric, operates as a data storage facility within Nitro Electric’s office building. Pinnacle is supported by Nitro Electric and has no employees of its own. All of the C.J. Hughes, Nitro Electric, and Contractors Rental production personnel are union members of various related construction trade unions and are subject to collective bargaining agreements that expire at varying time intervals. S.T. Pipeline engaged in the construction of natural gas pipelines for utility companies in various states, mostly in the mid-Atlantic area of the country. On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale of assets. The financial position and results of operations of S.T. Pipeline have been presented as discontinued operations in the accompanying financial statements for all presented periods.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services and its consolidated subsidiaries. Use of Estimates and Assumptions The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and loss during the reporting period. Actual results could differ materially from those estimates. Cash and Cash Equivalents Energy Services considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Fair Value Measurements The Fair Value Measurements and Disclosures Topic Under the FASB’s authoritative guidance on fair value measurements, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. As noted above, there is a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 Level 2 Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amount for borrowings under the Company’s revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. The fair value of the Company’s long term fixed-rate debt to unrelated parties was estimated using a discounted cash flow analysis and a yield rate that was estimated based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $23.7 million at September 30, 2017 was $23.6 million. The Company uses fair value measurements on a non-recurring basis in its assessment of goodwill and long-lived assets held and used. In accordance with its annual impairment test during the quarter ended September 30, 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses, all of which are classified as Level 3 within the fair value hierarchy. The amount and timing of future cash flows was based on our most recent operational budgets. The Company uses the assistance of third party specialists to develop valuation assumptions. Refer to Note 4, Goodwill and Intangible Assets, for further information. Accounts Receivable and Allowance for Doubtful Accounts The Company provides an allowance for doubtful accounts when collection of an account or note receivable is considered doubtful, and receivables are written off against the allowance when deemed uncollectible. Inherent in the assessment of the allowance for doubtful accounts are certain judgments and estimates including, among others, the customer’s access to capital, the customer’s willingness or ability to pay, general economic conditions and the ongoing relationship with the customer. Retainage billed but not paid pursuant to contract provisions will be due upon completion of the contracts. Based on the Company’s past experience management considers all amounts classified as retainage receivable to be collectible. All retainage receivable amounts are expected to be collected within the next fiscal year. Property and Equipment Property and equipment are recorded at cost. Costs which extend the useful lives or increase the productivity of the assets are capitalized, while normal repairs and maintenance that do not extend the useful life or increase productivity of the asset are expensed as incurred. Property and equipment are depreciated principally on the straight-line method over the estimated useful lives of the assets: buildings 39 years; operating equipment and vehicles 5-7 years; and office equipment, furniture and fixtures 5-7 years. Goodwill and Other Intangibles The Company’s goodwill was acquired in two separate purchase transactions that were consummated on August 15, 2008. The Company selected July 1 for its annual impairment testing date, which is the first day of the fourth fiscal quarter. In accordance with U.S. Generally Accepted Accounting Principles, goodwill was to be tested for impairment between annual testing dates if an event occurred or circumstances changed that would have more likely than not reduced the fair value of a reporting unit below its carrying amount. An impairment charge of $36.9 million was recorded in the fourth fiscal quarter of 2012 as further disclosed in Note 4 to the financial statements. Impairment of Long-Lived Assets A long-lived asset shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset would be compared to the asset’s carrying amount to determine if a write-down to market value is required. Revenue Recognition Revenues from fixed price contracts are recognized using the percentage-of-completion method, measured by the percentage of costs incurred to date to total estimated costs at completion. These contracts provide for a fixed amount of revenues for the entire project. Such contracts provide that the customer accept completion of progress to date and compensate us for the services rendered, measured in terms of units installed, hours expended or some other measure of progress. Contract costs include all direct material, labor and subcontract costs and those indirect costs related to contract performance, such as indirect labor, tools and expendables. The cost estimates are based on the professional knowledge and experience of the Company’s engineers, project managers and financial professionals. Changes in job performance, job conditions, and others all affect the total estimated costs at completion. The effects of these changes are recognized in the period in which they occur. Provisions for the total estimated losses on uncompleted contracts are made in the period in which such losses are determined. The current asset “Costs and estimated earnings in excess of billings on uncompleted contracts” represents revenues recognized in excess of amounts billed for fixed price contracts. The current liability “Billings in excess of costs and estimated earnings on uncompleted contracts” represents billings in excess of revenues recognized for fixed price contracts. Revenue on all costs plus and time and material contracts are recognized when services are performed or when units are completed. Claims Claims are amounts in excess of the agreed contract price that a contractor seeks to collect from customers or others for customer-caused delays, errors in specifications and designs, contract terminations, change orders in dispute or unapproved as to both scope and price, or other causes of unanticipated additional costs. The Company records revenue on claims that have a high probability of success. Revenue from a claim is recorded only to the extent that contract costs relating to the claim have been incurred. Self Insurance The Company has its workers compensation, general liability and auto insurance through a captive insurance company. While the Company believes that this arrangement has been very beneficial in reducing and stabilizing insurance costs the Company does have to maintain a restricted cash account to guarantee payments of premiums. That restricted account had a balance of $1.9 million as of September 30, 2017, which is in “Prepaid expenses and other” on the Company’s Consolidated Balance Sheets. Should the captive experience severe losses over an extended period, it could have a detrimental effect on the Company. Advertising All advertising costs are expensed as incurred. Total advertising expense was $102,000 and $81,000 for the years ended September 30, 2017 and 2016, respectively. Stock Compensation Plans The Company has issued restricted stock under its Long-Term Incentive Plan. The Company accounts for its equity based compensation as prescribed by U.S. Generally Accepted Accounting Principles for share-based payments. The Company has adopted a fair value based method of accounting for employee equity based plans, whereby compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. As a result, compensation expense relating to stock compensation plans will be reflected in net income as part of “Salaries and employee benefits” on the Consolidated Statements of Income. For the year ending September 30, 2017 and 2016 respectively, $0 and $0 was recognized as compensation expense. Income Taxes The Company and all subsidiaries file a consolidated federal and various state income tax returns on a fiscal year basis. With few exceptions, the company is no longer subject to U.S. federal, state, or local income tax examinations for years ending prior to September 30, 2014. The Company follows the liability method of accounting for income taxes in accordance with U.S. Generally Accepted Accounting Principles. Under this method, deferred tax assets and liabilities are recorded for future tax consequences of temporary differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the underlying assets or liabilities are recovered or settled. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. U.S. GAAP also prescribes a comprehensive model for how companies should recognize, measure, present and disclose in their financial statements uncertain tax positions taken or to be taken on a tax return. Earnings Per Common Share Basic earnings per share is computed using the weighted average number of common shares outstanding during the year, and diluted earnings per share is computed using the weighted average number of common shares outstanding during the year adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive. Collective Bargaining Agreements Certain Energy Services subsidiaries are party to collective bargaining agreements with unions representing certain of their employees. The agreements require such subsidiaries to pay specified wages and provide certain benefits to the union employees. These agreements expire at various times and have typically been renegotiated and renewed on terms that are similar to the ones contained in the expiring agreements. Under certain collective bargaining agreements, the applicable Energy Services subsidiary is required to make contributions to multi-employer pension plans. If the subsidiary were to cease participation in one or more of these plans, a liability could potentially be assessed related to any underfunding of these plans. The amount of such assessment, were one to be made, cannot be reasonably estimated. Litigation Costs The Company reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Litigation costs are expensed as incurred. Reclassifications Certain reclassifications have been made to prior year end financial statements to conform to the classification adopted of the current year. New Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. In June 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers“ (“ASU 2014-09”). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606 Revenue from Contracts with Customers. With the amendments in ASU 2015-14, ASU 2014-09 will be effective for the Company beginning after December 15, 2017, including interim periods. In September 2017, the FASB issued ASU 2017-13 which amends the early adoption date option for certain companies related to the adoption of ASU 2014-09. The Company expects that the adoption of ASU 2014-09 will not have a material impact on its financial statements or disclosure. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 is effective for public business entities for fiscal years beginning after December 15, 2018 including interim periods within those fiscal years. Among other things, lessees will be required to recognize the following for all leases (except for short-term leases) at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Company expects that the adoption of ASU 2016-02 will not have a material impact on its financial statements or disclosure. In December 2016, the FASB issued ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers”. The effective date of ASU 2016-20 is the same date that Topic 606 is effective for public entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The amendments in ASU 2016-20 affect narrow aspects of the guidance issued in ASU 2014-09 including Loan Guarantee Fees, Contract Costs, Provisions for Losses on Construction-Type and Production-Type Contracts, Disclosure of Remaining Performance Obligations, Disclosure of Prior Period Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liability, and Advertising Costs. The Company expects that the adoption of ASU 2016-20 will not have a material impact on its financial statements or disclosure.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	3. DISCONTINUED OPERATIONS Due to organizational changes and operating losses incurred in fiscal year 2012, the Company decided to discontinue the operations of the wholly owned subsidiary S.T. Pipeline, Inc. The Company liquidated the assets of S.T. Pipeline on May 14, 2013. The net proceeds of $7,233,913 went to a designated bank group to reduce the balance on the Company’s Line of Credit (LOC) and term note balances. There were no operating results for S.T. Pipeline, Inc. for the years ended September 30, 2017 and 2016. The following table shows the components of asset and liabilities that are classified as discontinued operations in the Company’s consolidated balances sheets for the years ended September 30, 2017 and 2016. September 30, September 30, 2017 2016 Cash $ 12,303 $ 12,303 Assets of discontinued operations-current 12,303 12,303 Total assets of discontinued operations 12,303 12,303 Accrued expenses and other current liabilities 28,671 28,671 Liabilities of discontinued operations-current 28,671 28,671 Total liabilities of discontinued operations 28,671 28,671 Net liabilities $ (16,368 ) $ (16,368 ) The $29,000 in accrued expenses and other current liabilities at September 30, 2017 and 2016 represents a reserve for any unexpected expenses that may be incurred by the discontinued operation. As of September 30, 2017, the Company had paid all debts known to exist to the unsecured creditors of the discontinued operation. Cash flows from discontinued operations for years ended September 30, 2017 and 2016 are as follows: 2017 2016 Cash flows from operating activities: Net income $ - $ - Adjustments to reconcile net income to net cash used in operating activities: Provision for deferred taxes - 1,720,783 Decrease in accounts payable - (80,345 ) Increase (decrease) in accrued expenses - 7,607 Advance from (to) parent - (1,654,283 ) Net cash used in operating activities - (6,238 ) Cash flows from investing activities: - - Net cash used in investing activities - - Cash flows from financing activities: - - Net cash used in financing activities - - Decrease in cash and cash equivalents - (6,238 ) Cash beginning of period 12,303 18,541 Cash end of period $ 12,303 $ 12,303 Supplemental schedule of noncash investing and financing activities: None $ - $ - Supplemental disclosures of cash flows information: None $ - $ - The Company does not anticipate cash flow activity from the discontinued operation, S.T. Pipeline.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	4. GOODWILL AND INTANGIBLE ASSETS In the fourth fiscal quarter of 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The Company determined that its goodwill was impaired largely due to lower revenue and profitability associated with the Company’s long term financial forecasts. The Company measured the amount of impairment by calculating the amount by which the carrying value exceeded the estimated fair value which was based on projected discounted cash flows (level 3). The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses. The amount and timing of future free cash flows was based on current operational budgets and long range strategic plans. The Company used the assistance of third party specialists to develop valuation assumptions. The Company’s operating losses in fiscal years 2011 and 2012 and the Forbearance Agreement existing at that time were considered in the cash flow analysis.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
ACCOUNTS RECEIVABLE	5. ACCOUNTS RECEIVABLE Activity in the Company’s allowance for doubtful accounts consists of the following: Year Ended September 30, 2017 2016 Continuing operations Balance at beginning of year $ 133,500 $ 147,922 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries (25,300 ) (14,422 ) Balance at end of year $ 108,200 $ 133,500

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS	12 Months Ended
	Sep. 30, 2017
Contractors [Abstract]
UNCOMPLETED CONTRACTS	6. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows: Year Ended September 30, 2017 2016 Costs incurred on contracts in progress $ 143,738,101 $ 134,163,585 Estimated earnings, net of estimated losses 9,573,781 16,592,644 153,311,882 150,756,229 Less billings to date 150,134,963 148,212,959 $ 3,176,919 $ 2,543,270 Costs and estimated earnings in excess of billed on uncompleted contracts $ 5,350,884 $ 5,953,818 Less billings in excess of costs and estimated earnings on uncompleted contracts 2,173,965 3,410,548 $ 3,176,919 $ 2,543,270

CLAIMS

CLAIMS	12 Months Ended
	Sep. 30, 2017
Claims [Abstract]
CLAIMS	7. CLAIMS The Company does not have any claims receivable as of September 30, 2017. Claims receivable is a component of cost and estimated earnings in excess of billing.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	8. PROPERTY AND EQUIPMENT Property and equipment consists of the following: Year Ended September 30, 2017 2016 Land $ 2,081,101 $ 1,846,641 Buildings and leasehold improvements 4,361,550 3,431,142 Operating equipment and vehicles 41,373,376 33,533,462 Office equipment, furniture and fixtures 583,361 532,401 Assets not yet in service 36,734 31,859 48,436,122 39,375,505 Less accumulated depreciation 29,243,614 26,625,827 Property and equipment, net $ 19,192,508 $ 12,749,678

SHORT-TERM DEBT

SHORT-TERM DEBT	12 Months Ended
	Sep. 30, 2017
Short-Term Debt [Abstract]
SHORT-TERM DEBT	9. SHORT-TERM DEBT Short-term debt consists of the following: On March 21, 2017, the Company entered into a financing agreement (“Operating Line of Credit (2017)”) with United Bank, Inc. to provide the Company with a $15.0 million revolving line of credit. The interest rate on the line of credit is the “Wall Street Journal” Prime Rate (the index) with a floor of 4.99%. The effective date of this agreement was February 27, 2017 and it replaced the $15.0 million revolving line of credit (“Operating Line of Credit (2016)”) entered into with United Bank, Inc. effective February 27, 2016. The Company had borrowed $6.0 million against the Operating Line of Credit (2016) as of September 30, 2016, and repaid $4.5 million for an outstanding balance of $1.5 million at December 31, 2016. The Company repaid the remaining $1.5 million on the Operating Line of Credit (2016) subsequent to December 31, 2016, and borrowed $9.1 million against the Operating Line of Credit (2017) as of September 30, 2017. Major items excluded from the borrowing base calculation are receivables from bonded jobs and retainage as well as all items greater than ninety (90) days old. The Company also finances insurance policy premiums on a short-term basis through a financing company. These insurance policies include: workers’ compensation, general liability, automobile, umbrella, and equipment policies. It is typical that the Company makes a down payment in January and finances the remaining premium amount over nine or ten monthly payments. In January 2017, The Company financed $3.5 million in insurance premium policies. At September 30, 2017, the balance of the remaining premiums to be paid was $320,000.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	12 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
SHORT-TERM AND LONG-TERM DEBT	10. SHORT-TERM AND LONG-TERM DEBT A summary of short-term and long-term debt as of September 30, 2017 and 2016 is as follows: 2017 2016 Line of credit payable to bank, monthly interest at 6.0%, final payment due by February 27, 2017. $ - $ 6,000,000 Line of credit payable to bank, monthly interest at 4.99%, final payment due by February 27, 2018. 9,112,572 - Notes payable to finance companies, due in monthly installments totaling $68,457 including interest ranging from 1.0% to 10.09%, final payments due October 2017 through June 2019, secured by equipment. 2,042,524 291,513 Note payable to finance company for insurance premiums financed, due in monthly installments totaling $320,396 in FY 2017 and $232,943 in FY 2016, including interest rate at 1%, final payment due October 2017. 320,396 232,943 Notes payable to bank, due in monthly installments totaling $7,799, including interest at 4.75%, final payment due November 2034 secured by building and property. 1,094,631 1,134,811 Notes payable to bank, due in monthly installments totaling $11,506, including interest at 5.0%, final payment due November 2025 secured by building and property. 949,481 1,044,043 Notes payable to bank, due in monthly installments totaling $172,473, including interest at 6.5%, final payment due February 2019 secured by equipment. 2,655,515 4,484,995 Notes payable to bank, due in monthly installments totaling $30,914, including interest at 5.0%, final payment due February 2019 secured by equipment. 507,507 843,612 Notes payable to bank, due in monthly installments totaling $94,333, including interest at 4.99%, final payment due September 2022 secured by equipment. 5,000,000 - Notes payable to bank, due in monthly installments totaling $46,405, including interest at 5.00%, final payment due September 2021 secured by equipment. 2,015,743 2,459,023 Total debt 23,698,369 16,490,940 Less current maturities 13,995,886 9,100,841 Total long term debt $ 9,702,483 $ 7,390,099 Future expected payments due on long-term debt are as follows: 2018 $ 13,995,886 2019 3,156,779 2020 2,252,257 2021 1,752,731 2022 1,270,773 Thereafter 1,269,943 $ 23,698,369

INCOME TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES The components of income taxes are as follows: Year Ended September 30, 2017 2016 Federal Current $ - $ 2,229,033 Deferred (67,132 ) 260,693 Total (67,132 ) 2,489,726 State Current - 362,474 Deferred (13,236 ) 46,005 Total (13,236 ) 408,479 Total income tax expense (benefit) $ (80,368 ) $ 2,898,205 The provision for income taxes differs from the amount computed by applying the federal statutory rate of 34% on income from operations, as indicated in the following analysis: Year Ended September 30, 2017 2016 Statutory rate -34.00 % 34.00 % Meals and other 22.62 % 7.30 % State income taxes -5.78 % 5.90 % Effective tax rate -17.16 % 47.20 % Deferred income taxes provide for significant differences between the basis of assets and liabilities for financial reporting and income tax reporting. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. The income tax effects of temporary differences giving rise to the deferred tax assets and liabilities are as follows: Year Ended September 30, 2017 2016 Deferred income tax assets Long-term Net operating loss carryforward $ 180,605 $ - Other deferred assets 1,213,461 1,399,152 Total deferred income tax assets 1,394,066 1,399,152 Continuing operations 1,394,066 1,399,152 Discontinued operations - - Total deferred income tax assets $ 1,394,066 $ 1,399,152 Deferred income tax liabilities Long-term Property and equipment $ 1,857,088 $ 1,941,913 Other deferred liabilities (16,465 ) (15,836 ) Total deferred income tax liabilities-LT 1,840,623 1,926,077 Continuing operations 1,840,623 1,926,077 Discontinued operations - - Total deferred income tax liabilities-LT $ 1,840,623 $ 1,926,077 The Company does not believe that it has any unrecognized tax benefits included in its consolidated financial statements that require recognition. The Company has not had any settlements in the current period with taxing authorities, nor has it recognized tax benefits as a result of a lapse of the applicable statute of limitations. The Company recognizes interest and penalties accrued related to unrecognized tax benefits, if applicable, in general and administrative expenses.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	12. EARNINGS PER SHARE Earnings (loss) per share for the years ended September 30, 2017 and 2016 are as follow: 2017 2016 Income (loss) from continuing operations $ (387,756 ) $ 3,241,423 Dividends on preferred stock 309,000 309,000 Income (loss) available to common shareholders-continuing operations $ (696,756 ) $ 2,932,423 Weighted average shares outstanding 14,239,836 14,239,836 Weighted average shares outstanding-diluted 14,239,836 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ (0.049 ) $ 0.206 Earnings (loss) per share from continuing operations available to common shareholders-diluted $ (0.049 ) $ 0.166 Income from discontinued operations $ - $ - Weighted average shares outstanding 14,239,836 14,239,836 Weighted average shares outstanding-diluted 14,239,836 17,673,169 Earnings per share from discontinued operations $ - $ - Earnings per share from discontinued operations-diluted $ - $ - Net income (loss) $ (387,756 ) $ 3,241,423 Dividends on preferred stock 309,000 309,000 Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Earnings (loss) per share available to common shareholders $ (0.049 ) $ 0.206 Earnings (loss) per share available to common shareholders-diluted $ (0.049 ) $ 0.166

STOCK PURCHASE PLAN

STOCK PURCHASE PLAN	12 Months Ended
	Sep. 30, 2017
Stock Purchase Plan [Abstract]
STOCK PURCHASE PLAN	13. STOCK PURCHASE PLAN At the annual meeting of the shareholders on November 19, 2008 the shareholders approved the establishment of an employee stock purchase plan. The stock purchase plan authorizes the issuance of up to 1,200,000 shares of common stock for purchase by eligible employees. A participant’s stock purchased during a calendar year may not exceed the lesser of (a) a percentage of the participant’s compensation or a total amount as specified by the compensation committee of the Board, or (b) $25,000. The stock will be offered at a purchase price of at least 85% of its fair market value on the date of purchase. The major plan provisions cover the purposes of the plan, effective date and duration, administration, eligibility, stock type, stock purchase limitations, price of stock, participation election, payroll deductions, payment for stock, date of purchase, termination of agreement, termination of employment, recapitalization, change of control, assignability, Stockholder rights, compliance with Internal Revenue Code Section 423, amendment and termination, application of funds, tax withholdings, governing laws, employment at will and arbitration. There have been no agreements with any employees made under this plan as of the year ended September 30, 2017.

LONG TERM INCENTIVE PLAN

LONG TERM INCENTIVE PLAN	12 Months Ended
	Sep. 30, 2017
Long Term Incentive Plan Disclosure [Abstract]
LONG TERM INCENTIVE PLAN	14 LONG TERM INCENTIVE PLAN At the annual meeting of the shareholders on August 11, 2010, the shareholders approved the Energy Services of America Corporation Long Term Incentive Plan (the “LTIP”), to provide employees and directors of Energy Services of America Corporation (the “Company”) with additional incentives to promote the growth and performance of the Company. At September 30, 2011, future awards of 1,149,000 shares could be made under the plan. On August 11, 2010, a total of 51,000 shares were granted to six officers of the Company at a grant date fair value per share of $4.22. These grants vested over a period of three years. Market value of the grants was $215,220 and was recognized as compensation expense over the vesting period. For the years ending September 30, 2017 and 2016, respectively, $0 and $0 were recognized as compensation expense and $0 and $0 as deferred tax benefit as a result of these grants. The holders of the restricted stock do not receive dividends and do not have the right to vote the shares. All stock grants have vested or been forfeited as of September 30, 2017.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	15. RELATED PARTY TRANSACTIONS We intend that all transactions between us and our executive officers, directors, holders of 10% or more of the shares of any class of our common stock and affiliates thereof, will be on terms no less favorable than those terms given to unaffiliated third parties and will be approved by a majority of our independent outside directors not having any interest in the transaction. On December 16, 2014, the Company’s Nitro Electric subsidiary entered into a 20-year $1.2 million loan agreement with First Bank of Charleston, Inc. (West Virginia) to purchase the office building and property it had previously been leasing for $6,300 monthly. Mr. Douglas Reynolds, President of Energy Services, is a director and secretary of First Bank of Charleston. Mr. Nester Logan and Mr. Samuel Kapourales, directors of Energy Services, are also directors of First Bank of Charleston. The interest rate on the new loan agreement is 4.75% with monthly payments of $7,800. As of September 30, 2017, we had paid approximately $105,000 in principal and approximately $152,000 in interest since the beginning of the loan. Other than as disclosed above, there were no related party transactions. Certain Energy Services subsidiaries routinely engage in transactions in the normal course of business with each other, including sharing employee benefit plan coverage, payment for insurance and other expenses on behalf of other affiliates, and other services incidental to business of each of the affiliates. All revenue and related expense transactions, as well as the related accounts payable and accounts receivable have been eliminated.

LEASE OBLIGATIONS

LEASE OBLIGATIONS	12 Months Ended
	Sep. 30, 2017
Leases [Abstract]
LEASE OBLIGATIONS	16. LEASE OBLIGATIONS The Company leases various pieces of equipment under operating lease agreements with terms up to 36 months. The future minimum lease payments under operating leases as of September 30, 2017, are as follows: 2018 $ 168,932 2019 36,323 2020 62,260 $ 267,515

MAJOR CUSTOMERS

MAJOR CUSTOMERS	12 Months Ended
	Sep. 30, 2017
Major Customers [Abstract]
MAJOR CUSTOMERS	17. MAJOR CUSTOMERS Revenues for the year ending September 30, 2017 were $140.5 million. Two major customers, Marathon Petroleum and Columbia Gas Distribution, accounted for more than 10% each and totaled $41.8 million, which represented 29.7% of revenues for fiscal year 2017. Receivables from two major customers, Marathon Petroleum and Columbia Gas Distribution, were greater than 10% each and totaled $6.4 million, which represented 27.9% of the total receivables at September 30, 2017. Revenues for the year ending September 30, 2016 were $155.5 million. Two major customers, EQT and Marathon Petroleum, accounted for more than 10% each and totaled $55.7 million, which represented 35.8% of revenues for fiscal year 2016. Receivables from two major customers, EQT and Marathon Petroleum, were greater than 10% each and totaled $12.5 million, which represented 51.9% of the total receivables at September 30, 2016. Virtually all work performed for major customers was awarded under competitive bid fixed price or unit price arrangements. The loss of a major customer could have a severe impact on the profitability of operations of the Company. However, due to the nature of the Company’s operations, the major customers and sources of revenues may change from year to year.

RETIREMENT AND EMPLOYEE BENEFIT

RETIREMENT AND EMPLOYEE BENEFIT PLANS	12 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND EMPLOYEE BENEFIT PLANS	18. RETIREMENT AND EMPLOYEE BENEFIT PLANS In 2017 and 2016, C. J. Hughes Construction Company, Inc., maintained a tax-qualified 401(k) retirement plan for union employees. Employees can contribute up to 15% of eligible wages, provided the compensation deferred for a plan year did not exceed the indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2017 and 2016. C. J. Hughes matches $0.25 on each dollar contributed up to 6% of eligible wages. C. J. Hughes contributed $6,224 for the fiscal year ended September 30, 2017 to the union plan. Additionally, each plan year, C. J. Hughes may make a discretionary profit-sharing contribution for participants who are actively employed on the last day of the plan year. No discretionary profit-sharing contribution was made for the 2017 or 2016 plan year. Effective January 1, 2010, Energy Services of America became the successor plan sponsor of the C. J. Hughes Construction Company, Inc. 401(k) Plan for non-union employees. The Plan was renamed the Energy Services of America Staff Retirement Plan. The four wholly owned subsidiaries, C. J. Hughes Construction Company, Inc., Nitro Electric Company, Inc., Contractors Rental Corporation, and ST Pipeline adopted the Plan on behalf of their non-union employees. Employees are eligible to participate in the Plan upon completion of six months of service, but must wait until a quarterly entry to join the Plan. The Plan was last restated as of January 1, 2015, and the corporate trustee is United Bank Inc. Employees may contribute eligible wages up to maximum indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2017 and 2016. Energy Services may make annual discretionary matching contributions and/or profit-sharing contributions to the Plan. The matching contribution formula for the 2016 Plan year was $0.25 on each dollar contributed up to 6% of eligible wages. In 2017, the match was increased to 100% of each dollar contributed for the first 3% of eligible wages and 50% of each dollar contributed for the next 3% of eligible wages. The Company’s matching contribution is used by the Plan’s third-party administrator to purchase Energy Services of America stock from the open market. No restrictions on the match exist after it has been contributed. No profit-sharing contribution was made for the 2017 or 2016 plan year. Energy Services of America and its wholly owned subsidiaries contributed $196,821 and $64,949, respectively, for the fiscal years ended September 30, 2017 and 2016. The Company contributes to a number of multi-employer defined benefit pension plans under the terms of collective-bargaining agreements that cover its union-represented employees. The risks of participating in these multi-employer plans are different from single-employer plans in the following aspects: · Assets contributed to the multi-employer plan by one employer may be used to provide benefits to employees of other participating employers. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers. · If the Company chooses to stop participating in some of its multi-employer plans, the Company may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability. The following table presents our participation in these plans: Contibutions of Pension Protection Act ("PPA") Energy Services of America Certified Zone Status (1) FIP/RP Status Companies Expiration Date of EIN/Pension Pending/ Surcharge Collective Bargaining Pension Fund Plan Number 2016 2015 Implemented (2) 2016 2015 2014 Imposed Agreement Central States, Southeast and Southwest Areas Pension Fund 36-6044243/001 Red Red Implemented $ - $ 35,907 $ 9,482 no Various Southwest Ohio Regional Council of Carpenters Pension Plan 31-6127287/001 Yellow Yellow Implemented - 8,695 22,066 no Various Plumbers & Pipefitters National Pension Fund 52-6152779/001 Yellow Yellow Implemented 1,034,996 841,370 660,415 no Various Sheet Metal Workers' National Pension Fund 52-6112463/001 Red Red Implemented 182,991 - - no Various Sheet Metal Workers Local Pension Fund 34-6666753/001 Red Yellow Implemented - 99,809 59,237 no Various Plumbers and Pipefitters Local 152 Pension Fund 55-6029095/001 Yellow Yellow Implemented - 11,178 924 no Various All Other Green Green 6,152,291 5,429,598 3,550,515 no Various $ 7,370,278 $ 6,426,557 $ 4,302,639 (1) The most recent PPA zone status available in 2016 and 2015 is the the plan's year-end during 2016 and 2015, respectively. The zone status is based on information that we received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the orange zone are less than 80 percent funded and have an Accumulated Funding Deficiency in the current year or projected into the next six years, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. (2) Indicates whether the plan has a financial improvement plan ("FIP") or a rehabilitation plan ("RP") which is either pending or has been implemented. The Company currently does not have intentions of withdrawing from any of the multi-employer pension plans in which it participates.

CREDIT RISK

CREDIT RISK	12 Months Ended
	Sep. 30, 2017
Risks and Uncertainties [Abstract]
CREDIT RISK	19 . CREDIT RISK Financial instruments which potentially subject the Company to credit risk consist primarily of cash, cash equivalents and contract receivables. The Company places its cash with high quality financial institutions. At times, the balances in such institutions may exceed the FDIC insurance limit of $250,000 per depositor, per insured bank, for each account ownership category. FDIC insurance covers all deposit accounts, including: checking accounts, savings accounts, money market deposit accounts, and certificates of deposit. As of September 30, 2017, the Company had $2.2 million of uninsured deposits. The Company performs periodic credit evaluations of its customer’s financial condition and generally does not require collateral. Credit losses consistently have been within management’s expectations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES During the normal course of operations, the companies are subject to certain subcontractor claims, mechanic’s liens, and other litigation. Management is of the opinion that no material obligations will arise from any pending legal proceedings. Accordingly, no provision has been made in the financial statements for such litigation.

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	21. QUARTERLY FINANCIAL DATA (UNAUDITED) Quarterly financial data for continuing operations for 2017 and 2016 are summarized below: 2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing operations Revenue $ 37,496,872 $ 25,371,605 $ 35,686,215 $ 41,941,034 $ 140,495,726 Operating income (loss) 2,489,177 (427,126 ) (3,038,995 ) 1,359,091 382,147 Net income (loss) from continuing operations 1,238,657 (312,539 ) (1,867,148 ) 553,274 (387,756 ) Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ 1,161,407 $ (389,789 ) $ (1,944,398 ) $ 476,024 $ (696,756 ) Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 17,673,169 14,239,836 14,239,836 17,673,169 14,239,836 Earnings (loss) per share from continuing operations available to common shareholders $ 0.082 $ (0.027 ) $ (0.137 ) $ 0.033 $ (0.049 ) Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.066 $ (0.027 ) $ (0.137 ) $ 0.027 $ (0.049 ) 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing operations Revenue $ 34,374,091 $ 28,005,021 $ 43,370,975 $ 49,731,058 $ 155,481,145 Operating income (loss) 1,455,015 (178,841 ) 2,391,479 3,237,027 6,904,680 Net income (loss) from continuing operations 698,856 (210,235 ) 1,077,225 1,675,577 3,241,423 Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ 621,606 $ (287,485 ) $ 999,975 $ 1,598,327 $ 2,932,423 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 17,673,169 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ 0.044 $ (0.020 ) $ 0.070 $ 0.112 $ 0.206 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.035 $ (0.020 ) $ 0.057 $ 0.090 $ 0.166 There were no results from discontinued operations for the years ended September 30, 2017 and 2016.

CONDENSED PARENT COMPANY ONLY F

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Sep. 30, 2017
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	22. CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) BALANCE SHEETS As of September 30, 2017 and 2016 2017 2016 Assets Current assets Cash and cash equivalents $ 1,468,145 $ 595,757 Other receivables - 1,417 Prepaid expenses and other 4,013,332 1,996,826 Total current assets 5,481,477 2,594,000 Property, plant and equipment, at cost 248,402 248,402 less accumulated depreciation (220,733 ) (215,181 ) 27,669 33,221 Due from subsidiaries 11,604,780 10,917,081 Deferred tax asset 731,088 671,601 Investment in subsidiaries 24,079,884 23,626,269 Total assets $ 41,924,898 $ 37,842,172 Liabilities and shareholders' equity Current liabilities Current maturities of long-term debt $ 3,777,504 $ 2,671,310 Lines of credit and short term borrowings 9,432,968 6,232,943 Accounts payable 63,358 12,693 Accrued expenses and other current liabilities 164,943 236,033 Total current liabilities 13,438,773 9,152,979 Long-term debt, less current maturities 7,350,742 6,160,363 Deferred income taxes payable 4,564 5,138 Total liabilities 20,794,079 15,318,480 Shareholders' equity Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2017 and 2016 - - Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2017 and 2016 1,484 1,484 Treasury stock, 600,000 shares at September 30, 2017 and 2016 (60 ) (60 ) Additional paid in capital 61,289,260 61,289,260 Retained earnings (deficit) (40,159,865 ) (38,766,992 ) Total shareholders' equity 21,130,819 22,523,692 Total liabilities and shareholders' equity $ 41,924,898 $ 37,842,172 ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) STATEMENTS OF INCOME For the years ended September 30, 2017 and 2016 2017 2016 General and administrative expenses $ 1,360,216 $ 1,336,620 Net loss from operations before taxes (1,360,216 ) (1,336,620 ) Other nonoperating expense (318 ) (83 ) Interest expense (753,167 ) (780,376 ) Interest allocation to subsidiaries 730,486 736,473 Net loss before tax (1,383,215 ) (1,380,606 ) Income tax benefit (541,844 ) (515,397 ) Net loss from parent (841,371 ) (865,209 ) Equity in undistributed income income of subsidiaries 453,615 4,106,632 Dividends on preferred stock (309,000 ) (309,000 ) Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Weighted average shares outstanding- basic 14,239,836 14,239,836 Weighted average shares-diluted 14,239,836 17,673,169 Net earnings (loss) per share-basic available to common shareholders $ (0.049 ) $ 0.206 Net earnings (loss) per share-diluted available to common shareholders $ (0.049 ) $ 0.166 ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended September 30, 2017 and 2016 2017 2016 Cash flows form operating activities: Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Adjustments to reconcile net income (loss) to net cash used in operating activities Provision for deferred taxes (60,061 ) 113,725 Depreciation expense 5,552 2,120 Equity in undistributed income of subsidiaries (453,615 ) (4,106,632 ) Advances from subsidiaries (687,699 ) (1,268,422 ) Changes in: (Increase) decrease in prepaid expenses (2,016,506 ) 47,676 Decrease in other receivable 1,417 - Increase (decrease) in accounts payable 50,665 (73,526 ) Decrease in accrued expenses and other current liabilities (71,090 ) (89,051 ) Net cash used in operating activities (3,928,093 ) (2,441,687 ) Cash flows from investing activities: Investment in property & equipment - (20,508 ) Net cash used in investing activities - (20,508 ) Cash flows from financing activities: Borrowings on lines of credit and short-term debt, net of (repayments) 3,200,025 1,716,708 Principal payments on long term debt (2,703,427 ) (2,106,456 ) Dividends on common stock (696,117 ) (695,367 ) Proceeds from long term debt 5,000,000 3,579,023 Net cash provided by financing activities 4,800,481 2,493,908 Increase in cash and cash equivalents 872,388 31,713 Cash beginning of period 595,757 564,044 Cash end of period $ 1,468,145 $ 595,757 Supplemental disclosures of cash flows information: Cash paid during the year for: Income taxes $ 1,578,334 $ 310,401 Interest $ 753,167 $ 780,376 Insurance premiums financed $ 3,524,350 $ 2,565,020 Dividends on preferred stock $ 309,000 $ 309,000

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services and its consolidated subsidiaries.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and loss during the reporting period. Actual results could differ materially from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Energy Services considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Fair Value Measurements	Fair Value Measurements The Fair Value Measurements and Disclosures Topic Under the FASB’s authoritative guidance on fair value measurements, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. As noted above, there is a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 Level 2 Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amount for borrowings under the Company’s revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. The fair value of the Company’s long term fixed-rate debt to unrelated parties was estimated using a discounted cash flow analysis and a yield rate that was estimated based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $23.7 million at September 30, 2017 was $23.6 million. The Company uses fair value measurements on a non-recurring basis in its assessment of goodwill and long-lived assets held and used. In accordance with its annual impairment test during the quarter ended September 30, 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses, all of which are classified as Level 3 within the fair value hierarchy. The amount and timing of future cash flows was based on our most recent operational budgets. The Company uses the assistance of third party specialists to develop valuation assumptions. Refer to Note 4, Goodwill and Intangible Assets, for further information.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts The Company provides an allowance for doubtful accounts when collection of an account or note receivable is considered doubtful, and receivables are written off against the allowance when deemed uncollectible. Inherent in the assessment of the allowance for doubtful accounts are certain judgments and estimates including, among others, the customer’s access to capital, the customer’s willingness or ability to pay, general economic conditions and the ongoing relationship with the customer. Retainage billed but not paid pursuant to contract provisions will be due upon completion of the contracts. Based on the Company’s past experience management considers all amounts classified as retainage receivable to be collectible. All retainage receivable amounts are expected to be collected within the next fiscal year.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Costs which extend the useful lives or increase the productivity of the assets are capitalized, while normal repairs and maintenance that do not extend the useful life or increase productivity of the asset are expensed as incurred. Property and equipment are depreciated principally on the straight-line method over the estimated useful lives of the assets: buildings 39 years; operating equipment and vehicles 5-7 years; and office equipment, furniture and fixtures 5-7 years.
Goodwill and Other Intangibles	Goodwill and Other Intangibles The Company’s goodwill was acquired in two separate purchase transactions that were consummated on August 15, 2008. The Company selected July 1 for its annual impairment testing date, which is the first day of the fourth fiscal quarter. In accordance with U.S. Generally Accepted Accounting Principles, goodwill was to be tested for impairment between annual testing dates if an event occurred or circumstances changed that would have more likely than not reduced the fair value of a reporting unit below its carrying amount. An impairment charge of $36.9 million was recorded in the fourth fiscal quarter of 2012 as further disclosed in Note 4 to the financial statements.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets A long-lived asset shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset would be compared to the asset’s carrying amount to determine if a write-down to market value is required.
Revenue Recognition	Revenue Recognition Revenues from fixed price contracts are recognized using the percentage-of-completion method, measured by the percentage of costs incurred to date to total estimated costs at completion. These contracts provide for a fixed amount of revenues for the entire project. Such contracts provide that the customer accept completion of progress to date and compensate us for the services rendered, measured in terms of units installed, hours expended or some other measure of progress. Contract costs include all direct material, labor and subcontract costs and those indirect costs related to contract performance, such as indirect labor, tools and expendables. The cost estimates are based on the professional knowledge and experience of the Company’s engineers, project managers and financial professionals. Changes in job performance, job conditions, and others all affect the total estimated costs at completion. The effects of these changes are recognized in the period in which they occur. Provisions for the total estimated losses on uncompleted contracts are made in the period in which such losses are determined. The current asset “Costs and estimated earnings in excess of billings on uncompleted contracts” represents revenues recognized in excess of amounts billed for fixed price contracts. The current liability “Billings in excess of costs and estimated earnings on uncompleted contracts” represents billings in excess of revenues recognized for fixed price contracts. Revenue on all costs plus and time and material contracts are recognized when services are performed or when units are completed.
Claims	Claims Claims are amounts in excess of the agreed contract price that a contractor seeks to collect from customers or others for customer-caused delays, errors in specifications and designs, contract terminations, change orders in dispute or unapproved as to both scope and price, or other causes of unanticipated additional costs. The Company records revenue on claims that have a high probability of success. Revenue from a claim is recorded only to the extent that contract costs relating to the claim have been incurred.
Self Insurance	Self Insurance The Company has its workers compensation, general liability and auto insurance through a captive insurance company. While the Company believes that this arrangement has been very beneficial in reducing and stabilizing insurance costs the Company does have to maintain a restricted cash account to guarantee payments of premiums. That restricted account had a balance of $1.9 million as of September 30, 2017, which is in “Prepaid expenses and other” on the Company’s Consolidated Balance Sheets. Should the captive experience severe losses over an extended period, it could have a detrimental effect on the Company.
Advertising	Advertising All advertising costs are expensed as incurred. Total advertising expense was $102,000 and $81,000 for the years ended September 30, 2017 and 2016, respectively.
Stock Compensation Plans	Stock Compensation Plans The Company has issued restricted stock under its Long-Term Incentive Plan. The Company accounts for its equity based compensation as prescribed by U.S. Generally Accepted Accounting Principles for share-based payments. The Company has adopted a fair value based method of accounting for employee equity based plans, whereby compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. As a result, compensation expense relating to stock compensation plans will be reflected in net income as part of “Salaries and employee benefits” on the Consolidated Statements of Income. For the year ending September 30, 2017 and 2016 respectively, $0 and $0 was recognized as compensation expense.
Income Taxes	Income Taxes The Company and all subsidiaries file a consolidated federal and various state income tax returns on a fiscal year basis. With few exceptions, the company is no longer subject to U.S. federal, state, or local income tax examinations for years ending prior to September 30, 2014. The Company follows the liability method of accounting for income taxes in accordance with U.S. Generally Accepted Accounting Principles. Under this method, deferred tax assets and liabilities are recorded for future tax consequences of temporary differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the underlying assets or liabilities are recovered or settled. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. U.S. GAAP also prescribes a comprehensive model for how companies should recognize, measure, present and disclose in their financial statements uncertain tax positions taken or to be taken on a tax return.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per share is computed using the weighted average number of common shares outstanding during the year, and diluted earnings per share is computed using the weighted average number of common shares outstanding during the year adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive.
Collective Bargaining Agreements	Collective Bargaining Agreements Certain Energy Services subsidiaries are party to collective bargaining agreements with unions representing certain of their employees. The agreements require such subsidiaries to pay specified wages and provide certain benefits to the union employees. These agreements expire at various times and have typically been renegotiated and renewed on terms that are similar to the ones contained in the expiring agreements. Under certain collective bargaining agreements, the applicable Energy Services subsidiary is required to make contributions to multi-employer pension plans. If the subsidiary were to cease participation in one or more of these plans, a liability could potentially be assessed related to any underfunding of these plans. The amount of such assessment, were one to be made, cannot be reasonably estimated.
Litigation Costs	Litigation Costs The Company reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Litigation costs are expensed as incurred.
Reclassifications	Reclassifications Certain reclassifications have been made to prior year end financial statements to conform to the classification adopted of the current year.
New Accounting Pronouncements	New Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. In June 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers“ (“ASU 2014-09”). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606 Revenue from Contracts with Customers. With the amendments in ASU 2015-14, ASU 2014-09 will be effective for the Company beginning after December 15, 2017, including interim periods. In September 2017, the FASB issued ASU 2017-13 which amends the early adoption date option for certain companies related to the adoption of ASU 2014-09. The Company expects that the adoption of ASU 2014-09 will not have a material impact on its financial statements or disclosure. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. ASU 2016-02 is effective for public business entities for fiscal years beginning after December 15, 2018 including interim periods within those fiscal years. Among other things, lessees will be required to recognize the following for all leases (except for short-term leases) at the commencement date: a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. The Company expects that the adoption of ASU 2016-02 will not have a material impact on its financial statements or disclosure. In December 2016, the FASB issued ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers”. The effective date of ASU 2016-20 is the same date that Topic 606 is effective for public entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The amendments in ASU 2016-20 affect narrow aspects of the guidance issued in ASU 2014-09 including Loan Guarantee Fees, Contract Costs, Provisions for Losses on Construction-Type and Production-Type Contracts, Disclosure of Remaining Performance Obligations, Disclosure of Prior Period Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liability, and Advertising Costs. The Company expects that the adoption of ASU 2016-20 will not have a material impact on its financial statements or disclosure.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Schedule of the components of asset and liabilities that are classified as discontinued operations	September 30, September 30, 2017 2016 Cash $ 12,303 $ 12,303 Assets of discontinued operations-current 12,303 12,303 Total assets of discontinued operations 12,303 12,303 Accrued expenses and other current liabilities 28,671 28,671 Liabilities of discontinued operations-current 28,671 28,671 Total liabilities of discontinued operations 28,671 28,671 Net liabilities $ (16,368 ) $ (16,368 )
Schedule of cash flows from discontinued operations	2017 2016 Cash flows from operating activities: Net income $ - $ - Adjustments to reconcile net income to net cash used in operating activities: Provision for deferred taxes - 1,720,783 Decrease in accounts payable - (80,345 ) Increase (decrease) in accrued expenses - 7,607 Advance from (to) parent - (1,654,283 ) Net cash used in operating activities - (6,238 ) Cash flows from investing activities: - - Net cash used in investing activities - - Cash flows from financing activities: - - Net cash used in financing activities - - Decrease in cash and cash equivalents - (6,238 ) Cash beginning of period 12,303 18,541 Cash end of period $ 12,303 $ 12,303 Supplemental schedule of noncash investing and financing activities: None $ - $ - Supplemental disclosures of cash flows information: None $ - $ -

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of allowance for doubtful accounts receivable	Year Ended September 30, 2017 2016 Continuing operations Balance at beginning of year $ 133,500 $ 147,922 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries (25,300 ) (14,422 ) Balance at end of year $ 108,200 $ 133,500

UNCOMPLETED CONTRACTS (Tables)

UNCOMPLETED CONTRACTS (Tables)	12 Months Ended
	Sep. 30, 2017
Contractors [Abstract]
Schedule of costs, estimated earnings and billings on uncompleted contracts	Year Ended September 30, 2017 2016 Costs incurred on contracts in progress $ 143,738,101 $ 134,163,585 Estimated earnings, net of estimated losses 9,573,781 16,592,644 153,311,882 150,756,229 Less billings to date 150,134,963 148,212,959 $ 3,176,919 $ 2,543,270 Costs and estimated earnings in excess of billed on uncompleted contracts $ 5,350,884 $ 5,953,818 Less billings in excess of costs and estimated earnings on uncompleted contracts 2,173,965 3,410,548 $ 3,176,919 $ 2,543,270

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Year Ended September 30, 2017 2016 Land $ 2,081,101 $ 1,846,641 Buildings and leasehold improvements 4,361,550 3,431,142 Operating equipment and vehicles 41,373,376 33,533,462 Office equipment, furniture and fixtures 583,361 532,401 Assets not yet in service 36,734 31,859 48,436,122 39,375,505 Less accumulated depreciation 29,243,614 26,625,827 Property and equipment, net $ 19,192,508 $ 12,749,678

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	12 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of short-term and long-term debt	2017 2016 Line of credit payable to bank, monthly interest at 6.0%, final payment due by February 27, 2017. $ - $ 6,000,000 Line of credit payable to bank, monthly interest at 4.99%, final payment due by February 27, 2018. 9,112,572 - Notes payable to finance companies, due in monthly installments totaling $68,457 including interest ranging from 1.0% to 10.09%, final payments due October 2017 through June 2019, secured by equipment. 2,042,524 291,513 Note payable to finance company for insurance premiums financed, due in monthly installments totaling $320,396 in FY 2017 and $232,943 in FY 2016, including interest rate at 1%, final payment due October 2017. 320,396 232,943 Notes payable to bank, due in monthly installments totaling $7,799, including interest at 4.75%, final payment due November 2034 secured by building and property. 1,094,631 1,134,811 Notes payable to bank, due in monthly installments totaling $11,506, including interest at 5.0%, final payment due November 2025 secured by building and property. 949,481 1,044,043 Notes payable to bank, due in monthly installments totaling $172,473, including interest at 6.5%, final payment due February 2019 secured by equipment. 2,655,515 4,484,995 Notes payable to bank, due in monthly installments totaling $30,914, including interest at 5.0%, final payment due February 2019 secured by equipment. 507,507 843,612 Notes payable to bank, due in monthly installments totaling $94,333, including interest at 4.99%, final payment due September 2022 secured by equipment. 5,000,000 - Notes payable to bank, due in monthly installments totaling $46,405, including interest at 5.00%, final payment due September 2021 secured by equipment. 2,015,743 2,459,023 Total debt 23,698,369 16,490,940 Less current maturities 13,995,886 9,100,841 Total long term debt $ 9,702,483 $ 7,390,099
Schedule of maturities of long-term debt	2018 $ 13,995,886 2019 3,156,779 2020 2,252,257 2021 1,752,731 2022 1,270,773 Thereafter 1,269,943 $ 23,698,369

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of components of income taxes	Year Ended September 30, 2017 2016 Federal Current $ - $ 2,229,033 Deferred (67,132 ) 260,693 Total (67,132 ) 2,489,726 State Current - 362,474 Deferred (13,236 ) 46,005 Total (13,236 ) 408,479 Total income tax expense (benefit) $ (80,368 ) $ 2,898,205
Schedule of provision for income taxes differs from the amount computed by applying the federal statutory rate on income from operations	Year Ended September 30, 2017 2016 Statutory rate -34.00 % 34.00 % Meals and other 22.62 % 7.30 % State income taxes -5.78 % 5.90 % Effective tax rate -17.16 % 47.20 %
Schedule of income tax effects of temporary differences of deferred tax liabilities	Year Ended September 30, 2017 2016 Deferred income tax assets Long-term Net operating loss carryforward $ 180,605 $ - Other deferred assets 1,213,461 1,399,152 Total deferred income tax assets 1,394,066 1,399,152 Continuing operations 1,394,066 1,399,152 Discontinued operations - - Total deferred income tax assets $ 1,394,066 $ 1,399,152 Deferred income tax liabilities Long-term Property and equipment $ 1,857,088 $ 1,941,913 Other deferred liabilities (16,465 ) (15,836 ) Total deferred income tax liabilities-LT 1,840,623 1,926,077 Continuing operations 1,840,623 1,926,077 Discontinued operations - - Total deferred income tax liabilities-LT $ 1,840,623 $ 1,926,077

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	2017 2016 Income (loss) from continuing operations $ (387,756 ) $ 3,241,423 Dividends on preferred stock 309,000 309,000 Income (loss) available to common shareholders-continuing operations $ (696,756 ) $ 2,932,423 Weighted average shares outstanding 14,239,836 14,239,836 Weighted average shares outstanding-diluted 14,239,836 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ (0.049 ) $ 0.206 Earnings (loss) per share from continuing operations available to common shareholders-diluted $ (0.049 ) $ 0.166 Income from discontinued operations $ - $ - Weighted average shares outstanding 14,239,836 14,239,836 Weighted average shares outstanding-diluted 14,239,836 17,673,169 Earnings per share from discontinued operations $ - $ - Earnings per share from discontinued operations-diluted $ - $ - Net income (loss) $ (387,756 ) $ 3,241,423 Dividends on preferred stock 309,000 309,000 Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Earnings (loss) per share available to common shareholders $ (0.049 ) $ 0.206 Earnings (loss) per share available to common shareholders-diluted $ (0.049 ) $ 0.166

LEASE OBLIGATIONS (Tables)

LEASE OBLIGATIONS (Tables)	12 Months Ended
	Sep. 30, 2017
Leases [Abstract]
Schedule of future minimum lease payments under operating leases	2018 $ 168,932 2019 36,323 2020 62,260 $ 267,515

RETIREMENT AND EMPLOYEE BENEF40

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Sep. 30, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of multi-employer defined benefit pension plans	Contibutions of Pension Protection Act ("PPA") Energy Services of America Certified Zone Status (1) FIP/RP Status Companies Expiration Date of EIN/Pension Pending/ Surcharge Collective Bargaining Pension Fund Plan Number 2016 2015 Implemented (2) 2016 2015 2014 Imposed Agreement Central States, Southeast and Southwest Areas Pension Fund 36-6044243/001 Red Red Implemented $ - $ 35,907 $ 9,482 no Various Southwest Ohio Regional Council of Carpenters Pension Plan 31-6127287/001 Yellow Yellow Implemented - 8,695 22,066 no Various Plumbers & Pipefitters National Pension Fund 52-6152779/001 Yellow Yellow Implemented 1,034,996 841,370 660,415 no Various Sheet Metal Workers' National Pension Fund 52-6112463/001 Red Red Implemented 182,991 - - no Various Sheet Metal Workers Local Pension Fund 34-6666753/001 Red Yellow Implemented - 99,809 59,237 no Various Plumbers and Pipefitters Local 152 Pension Fund 55-6029095/001 Yellow Yellow Implemented - 11,178 924 no Various All Other Green Green 6,152,291 5,429,598 3,550,515 no Various $ 7,370,278 $ 6,426,557 $ 4,302,639 (1) The most recent PPA zone status available in 2016 and 2015 is the the plan's year-end during 2016 and 2015, respectively. The zone status is based on information that we received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the orange zone are less than 80 percent funded and have an Accumulated Funding Deficiency in the current year or projected into the next six years, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded. (2) Indicates whether the plan has a financial improvement plan ("FIP") or a rehabilitation plan ("RP") which is either pending or has been implemented.

QUARTERLY FINANCIAL DATA (UNA41

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Sep. 30, 2017
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	2017 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing operations Revenue $ 37,496,872 $ 25,371,605 $ 35,686,215 $ 41,941,034 $ 140,495,726 Operating income (loss) 2,489,177 (427,126 ) (3,038,995 ) 1,359,091 382,147 Net income (loss) from continuing operations 1,238,657 (312,539 ) (1,867,148 ) 553,274 (387,756 ) Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ 1,161,407 $ (389,789 ) $ (1,944,398 ) $ 476,024 $ (696,756 ) Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 17,673,169 14,239,836 14,239,836 17,673,169 14,239,836 Earnings (loss) per share from continuing operations available to common shareholders $ 0.082 $ (0.027 ) $ (0.137 ) $ 0.033 $ (0.049 ) Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.066 $ (0.027 ) $ (0.137 ) $ 0.027 $ (0.049 ) 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing operations Revenue $ 34,374,091 $ 28,005,021 $ 43,370,975 $ 49,731,058 $ 155,481,145 Operating income (loss) 1,455,015 (178,841 ) 2,391,479 3,237,027 6,904,680 Net income (loss) from continuing operations 698,856 (210,235 ) 1,077,225 1,675,577 3,241,423 Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ 621,606 $ (287,485 ) $ 999,975 $ 1,598,327 $ 2,932,423 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 17,673,169 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ 0.044 $ (0.020 ) $ 0.070 $ 0.112 $ 0.206 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.035 $ (0.020 ) $ 0.057 $ 0.090 $ 0.166

CONDENSED PARENT COMPANY ONLY42

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Sep. 30, 2017
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of balance sheet	BALANCE SHEETS As of September 30, 2017 and 2016 2017 2016 Assets Current assets Cash and cash equivalents $ 1,468,145 $ 595,757 Other receivables - 1,417 Prepaid expenses and other 4,013,332 1,996,826 Total current assets 5,481,477 2,594,000 Property, plant and equipment, at cost 248,402 248,402 less accumulated depreciation (220,733 ) (215,181 ) 27,669 33,221 Due from subsidiaries 11,604,780 10,917,081 Deferred tax asset 731,088 671,601 Investment in subsidiaries 24,079,884 23,626,269 Total assets $ 41,924,898 $ 37,842,172 Liabilities and shareholders' equity Current liabilities Current maturities of long-term debt $ 3,777,504 $ 2,671,310 Lines of credit and short term borrowings 9,432,968 6,232,943 Accounts payable 63,358 12,693 Accrued expenses and other current liabilities 164,943 236,033 Total current liabilities 13,438,773 9,152,979 Long-term debt, less current maturities 7,350,742 6,160,363 Deferred income taxes payable 4,564 5,138 Total liabilities 20,794,079 15,318,480 Shareholders' equity Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2017 and 2016 - - Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2017 and 2016 1,484 1,484 Treasury stock, 600,000 shares at September 30, 2017 and 2016 (60 ) (60 ) Additional paid in capital 61,289,260 61,289,260 Retained earnings (deficit) (40,159,865 ) (38,766,992 ) Total shareholders' equity 21,130,819 22,523,692 Total liabilities and shareholders' equity $ 41,924,898 $ 37,842,172
Schedule of statement of income	STATEMENTS OF INCOME For the years ended September 30, 2017 and 2016 2017 2016 General and administrative expenses $ 1,360,216 $ 1,336,620 Net loss from operations before taxes (1,360,216 ) (1,336,620 ) Other nonoperating expense (318 ) (83 ) Interest expense (753,167 ) (780,376 ) Interest allocation to subsidiaries 730,486 736,473 Net loss before tax (1,383,215 ) (1,380,606 ) Income tax benefit (541,844 ) (515,397 ) Net loss from parent (841,371 ) (865,209 ) Equity in undistributed income income of subsidiaries 453,615 4,106,632 Dividends on preferred stock (309,000 ) (309,000 ) Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Weighted average shares outstanding- basic 14,239,836 14,239,836 Weighted average shares-diluted 14,239,836 17,673,169 Net earnings (loss) per share-basic available to common shareholders $ (0.049 ) $ 0.206 Net earnings (loss) per share-diluted available to common shareholders $ (0.049 ) $ 0.166
Schedule of consolidated statement of cash flow	CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended September 30, 2017 and 2016 2017 2016 Cash flows form operating activities: Net income (loss) available to common shareholders $ (696,756 ) $ 2,932,423 Adjustments to reconcile net income (loss) to net cash used in operating activities Provision for deferred taxes (60,061 ) 113,725 Depreciation expense 5,552 2,120 Equity in undistributed income of subsidiaries (453,615 ) (4,106,632 ) Advances from subsidiaries (687,699 ) (1,268,422 ) Changes in: (Increase) decrease in prepaid expenses (2,016,506 ) 47,676 Decrease in other receivable 1,417 - Increase (decrease) in accounts payable 50,665 (73,526 ) Decrease in accrued expenses and other current liabilities (71,090 ) (89,051 ) Net cash used in operating activities (3,928,093 ) (2,441,687 ) Cash flows from investing activities: Investment in property & equipment - (20,508 ) Net cash used in investing activities - (20,508 ) Cash flows from financing activities: Borrowings on lines of credit and short-term debt, net of (repayments) 3,200,025 1,716,708 Principal payments on long term debt (2,703,427 ) (2,106,456 ) Dividends on common stock (696,117 ) (695,367 ) Proceeds from long term debt 5,000,000 3,579,023 Net cash provided by financing activities 4,800,481 2,493,908 Increase in cash and cash equivalents 872,388 31,713 Cash beginning of period 595,757 564,044 Cash end of period $ 1,468,145 $ 595,757 Supplemental disclosures of cash flows information: Cash paid during the year for: Income taxes $ 1,578,334 $ 310,401 Interest $ 753,167 $ 780,376 Insurance premiums financed $ 3,524,350 $ 2,565,020 Dividends on preferred stock $ 309,000 $ 309,000

BUSINESS AND ORGANIZATION (Deta

BUSINESS AND ORGANIZATION (Detail Textuals) $ in Millions	May 14, 2013USD ($)
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Amount received from sale of assets of subsidiary	$ 1.9

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2012	Sep. 30, 2017	Sep. 30, 2016
Accounting Policies [Abstract]
Aggregate principal amount of fixed-rate debt		$ 23,700,000
Fair value of aggregate principal amount of debt		23,600,000
Goodwill impairment charge	$ 36,900,000
Restricted account balance		1,900,000
Advertising expense		102,000	$ 81,000
Compensation expense		$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1)	12 Months Ended
	Sep. 30, 2017
Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	39 years
Operating equipment and vehicles
Property, Plant and Equipment [Line Items]
Estimated useful lives	5-7 years
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	5-7 years

DISCONTINUED OPERATIONS - Compo

DISCONTINUED OPERATIONS - Components of asset and liabilities classified as discontinued operations (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of discontinued operations-current	$ 12,303	$ 12,303
Liabilities of discontinued operations-current	28,671	28,671
S.T. Pipeline, Inc | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	12,303	12,303	$ 18,541
Assets of discontinued operations-current	12,303	12,303
Total assets of discontinued operations	12,303	12,303
Accrued expenses and other current liabilities	28,671	28,671
Liabilities of discontinued operations-current	28,671	28,671
Total liabilities of discontinued operations	28,671	28,671
Net liabilities	$ (16,368)	$ (16,368)

DISCONTINUED OPERATIONS - Cash

DISCONTINUED OPERATIONS - Cash flows from discontinued operations (Details 1) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 0	$ 0
S.T. Pipeline, Inc | Discontinued Operations
Cash flows from operating activities:
Net income	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Provision for deferred taxes	0	1,720,783
Decrease in accounts payable	0	(80,345)
Increase (decrease) in accrued expenses	0	7,607
Advance from (to) parent	0	(1,654,283)
Net cash used in operating activities	0	(6,238)
Cash flows from investing activities:
Net cash used in investing activities	0	0
Cash flows from financing activities:
Net cash used in financing activities	0	0
Decrease in cash and cash equivalents	0	(6,238)
Cash beginning of period	12,303	18,541
Cash end of period	12,303	12,303
Supplemental schedule of noncash investing and financing activities:	0	0
Supplemental disclosures of cash flows information:	$ 0	$ 0

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Detail Textuals) - USD ($)	May 14, 2013	Sep. 30, 2017	Sep. 30, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from wholly owned subsidiary	$ 7,233,913
S.T. Pipeline, Inc | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accrued expenses and other current liabilities		$ 28,671	$ 28,671

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Detail Textuals) $ in Millions	3 Months Ended
	Sep. 30, 2012USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment charge	$ 36.9

ACCOUNTS RECEIVABLE - Summary o

ACCOUNTS RECEIVABLE - Summary of activity in allowance for doubtful accounts (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 133,500
Balance at end of year	108,200	$ 133,500
Continuing operations
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	133,500	147,992
Charged to expense	0	0
Deductions for uncollectible receivables written off, net of recoveries	(25,300)	(14,422)
Balance at end of year	$ 108,200	$ 133,500

UNCOMPLETED CONTRACTS - Summary

UNCOMPLETED CONTRACTS - Summary of costs, estimated earnings, and billings on uncompleted contracts (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Contractors [Abstract]
Costs incurred on contracts in progress	$ 143,738,101	$ 134,163,585
Estimated earnings, net of estimated losses	9,573,781	16,592,644
Costs of uncompleted contracts including net estimated earnings	153,311,882	150,756,229
Less Billings to date	150,134,963	148,212,959
Unbilled contracts receivable	3,176,919	2,543,270
Costs and estimated earnings in excess of billed on uncompleted contracts	5,350,884	5,953,818
Less billings in excess of costs and estimated earnings on uncompleted contracts	2,173,965	3,410,548
Unbilled contracts receivable	$ 3,176,919	$ 2,543,270

PROPERTY AND EQUIPMENT - Summar

PROPERTY AND EQUIPMENT - Summary of property and equipment (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 48,436,122	$ 39,375,505
Less accumulated depreciation	29,243,614	26,625,827
Property and equipment, net	19,192,508	12,749,678
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	2,081,101	1,846,641
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	4,361,550	3,431,142
Operating equipment and vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	41,373,376	33,533,462
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	583,361	532,401
Assets not yet in service
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 36,734	$ 31,859

SHORT-TERM DEBT (Detail Textual

SHORT-TERM DEBT (Detail Textuals) - USD ($)	1 Months Ended		12 Months Ended
	Mar. 21, 2017	Jan. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Line of Credit Facility [Line Items]
Insurance policy amount		$ 3,500,000
Insurance policy premium outstanding			$ 320,000
Financing agreement "Operating Line of Credit (2017)"
Line of Credit Facility [Line Items]
Line of credit	$ 15,000,000
Interest rate on the line of credit	"Wall Street Journal" Prime Rate (the index) with a floor of 4.99
Amount borrowed against the line of credit			9,100,000
Financing agreement "Operating Line of Credit (2016)"
Line of Credit Facility [Line Items]
Amount borrowed against the line of credit				$ 6,000,000
Repayments of lines of credit			$ 1,500,000	$ 4,500,000
Amount outstanding under line of credit					$ 1,500,000

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Debt Instrument [Line Items]
Total debt	$ 23,698,369	$ 16,490,940
Less current maturities	13,995,886	9,100,841
Total long term debt	9,702,483	7,390,099
Line of credit payable to bank, final payment due by February 27, 2017
Debt Instrument [Line Items]
Total debt	0	6,000,000
Line of credit payable to bank due by February 27, 2018
Debt Instrument [Line Items]
Total debt	9,112,572	0
Notes payable to finance companies, final payments due October 2017 through June 2019
Debt Instrument [Line Items]
Total debt	2,042,524	291,513
Note payable to finance company for insurance premiums financed due October 2017 in monthly installments
Debt Instrument [Line Items]
Total debt	320,396	232,943
Notes payable to bank, final payment due November 2034
Debt Instrument [Line Items]
Total debt	1,094,631	1,134,811
Notes payable to bank, final payment due November 2025
Debt Instrument [Line Items]
Total debt	949,481	1,044,043
Notes payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Total debt	2,655,515	4,484,995
Notes payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Total debt	507,507	843,612
Notes payable to bank, final payment due September 2022
Debt Instrument [Line Items]
Total debt	5,000,000	0
Notes payable to bank, final payment due September 2021
Debt Instrument [Line Items]
Total debt	$ 2,015,743	$ 2,459,023

SHORT-TERM AND LONG-TERM DEBT55

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Parentheticals) (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Line of credit payable to bank, final payment due by February 27, 2017
Debt Instrument [Line Items]
Interest rate	6.00%
Line of credit payable to bank due by February 27, 2018
Debt Instrument [Line Items]
Interest rate	4.99%
Notes payable to finance companies, final payments due October 2017 through June 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 68,457
Notes payable to finance companies, final payments due October 2017 through June 2019 | Minimum
Debt Instrument [Line Items]
Interest rate	1.00%
Notes payable to finance companies, final payments due October 2017 through June 2019 | Maximum
Debt Instrument [Line Items]
Interest rate	10.09%
Note payable to finance company for insurance premiums financed due October 2017 in monthly installments
Debt Instrument [Line Items]
Note payable in monthly installments	$ 320,396	$ 232,943
Interest rate	1.00%	1.00%
Notes payable to bank, final payment due November 2034
Debt Instrument [Line Items]
Note payable in monthly installments	$ 7,799
Interest rate	4.75%
Notes payable to bank, final payment due November 2025
Debt Instrument [Line Items]
Note payable in monthly installments	$ 11,506
Interest rate	5.00%
Notes payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 172,473
Interest rate	6.50%
Notes payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 30,914
Interest rate	5.00%
Notes payable to bank, final payment due September 2022
Debt Instrument [Line Items]
Note payable in monthly installments	$ 94,333
Interest rate	4.99%
Notes payable to bank, final payment due September 2021
Debt Instrument [Line Items]
Note payable in monthly installments	$ 46,405
Interest rate	5.00%

SHORT-TERM AND LONG-TERM DEBT56

SHORT-TERM AND LONG-TERM DEBT - Maturities of debt (Details 1) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Debt Disclosure [Abstract]
2,018	$ 13,995,886
2,019	3,156,779
2,020	2,252,257
2,021	1,752,731
2,022	1,270,773
Thereafter	1,269,943
Total long-term debt	$ 23,698,369	$ 16,490,940

INCOME TAXES - Components of in

INCOME TAXES - Components of income taxes (Details) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Federal
Current	$ 0	$ 2,229,033
Deferred	(67,132)	260,693
Total	(67,132)	2,489,726
State
Current	0	362,474
Deferred	(13,236)	46,005
Total	(13,236)	408,479
Total income tax expense (benefit)	$ (80,368)	$ 2,898,205

INCOME TAXES - Summary of provi

INCOME TAXES - Summary of provision for income taxes differs from amount computed by applying federal statutory rate (Details 1)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Statutory rate	(34.00%)	34.00%
Meals and other	22.62%	7.30%
State income taxes	(5.78%)	5.90%
Effective tax rate	(17.16%)	47.20%

INCOME TAXES - Summary of incom

INCOME TAXES - Summary of income tax effects of temporary differences giving rise to deferred tax liabilities (Details 2) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Deferred income tax assets Long-term
Net operating loss carryforward	$ 180,605	$ 0
Other deferred assets	1,213,461	1,399,152
Total deferred income tax assets	1,394,066	1,399,152
Deferred income tax liabilities, Long-term
Property and equipment	1,857,088	1,941,913
Other deferred liabilities	(16,465)	(15,836)
Total deferred income tax liabilities-LT	1,840,623	1,926,077
Continuing Operations
Deferred income tax assets Long-term
Total deferred income tax assets	1,394,066	1,399,152
Deferred income tax liabilities, Long-term
Total deferred income tax liabilities-LT	1,840,623	1,926,077
Discontinued Operations
Deferred income tax assets Long-term
Total deferred income tax assets	0	0
Deferred income tax liabilities, Long-term
Total deferred income tax liabilities-LT	$ 0	$ 0

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Statutory rate	(34.00%)	34.00%

EARNINGS PER SHARE - Summary of

EARNINGS PER SHARE - Summary of amounts used to compute basic and diluted earnings per share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Income (loss) from continuing operations	$ 553,274	$ (1,867,148)	$ (312,539)	$ 1,238,657	$ 1,675,577	$ 1,077,225	$ (210,235)	$ 698,856	$ (387,756)	$ 3,241,423
Dividends on preferred stock	77,250	77,250	77,250	77,250	77,250	77,250	77,250	77,250	309,000	309,000
Income (loss) available to common shareholders-continuing operations	$ 476,024	$ (1,944,398)	$ (389,789)	$ 1,161,407	$ 1,598,327	$ 999,975	$ (287,485)	$ 621,606	$ (696,756)	$ 2,932,423
Weighted average shares outstanding (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836
Weighted average shares outstanding-diluted (in shares)	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,673,169	14,239,836	17,673,169	14,239,836	17,673,169
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	$ 0.033	$ (0.137)	$ (0.027)	$ 0.082	$ 0.112	$ 0.070	$ (0.020)	$ 0.044	$ (0.049)	$ 0.206
Earnings (loss) per share from continuing operations available to common shareholders-diluted (in dollars per share)	$ 0.027	$ (0.137)	$ (0.027)	$ 0.066	$ 0.090	$ 0.057	$ (0.020)	$ 0.035	$ (0.049)	$ 0.166
Income from discontinued operations									$ 0	$ 0
Weighted average shares outstanding (in shares)									14,239,836	14,239,836
Weighted average shares outstanding-diluted (in shares)									14,239,836	17,673,169
Earnings per share from discontinued operations (in dollars per share)									$ 0	$ 0
Earnings per share from discontinued operations-diluted (in dollars per share)									$ 0	$ 0
Net income (loss)									$ (387,756)	$ 3,241,423
Dividends on preferred stock	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	309,000	309,000
Net income (loss) available to common shareholders									$ (696,756)	$ 2,932,423
Earnings (loss) per share available to common shareholders (in dollars per share)									$ (0.049)	$ 0.206
Earnings (loss) per share available to common shareholders-diluted (in dollars per share)									$ (0.049)	$ 0.166

STOCK PURCHASE PLAN (Detail Tex

STOCK PURCHASE PLAN (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 19, 2008	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 0	$ 0
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares authorized	1,200,000
Compensation expense	$ 25,000
Percentage stock offered at a purchase price least of fair market value	85.00%
Participant's stock purchased description	A participant's stock purchased during a calendar year may not exceed the lesser of (a) a percentage of the participant's compensation or a total amount as specified by the compensation committee of the Board, or (b) $25,000.

LONG TERM INCENTIVE PLAN (Detai

LONG TERM INCENTIVE PLAN (Detail Textuals)	Aug. 11, 2010USD ($)Officer$ / sharesshares	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 0	$ 0
Deferred tax benefit		$ 0	$ 0
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares issued | shares				1,149,000
Long Term Incentive Plan | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted | shares	51,000
Number of officer | Officer	6
Fair value per share (in dollars per share) | $ / shares	$ 4.22
Vesting period	3 years
Market value of shares granted	$ 215,220

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Dec. 16, 2014	Sep. 30, 2017
Related Party Transaction [Line Items]
Percentage of shares of common stock transaction between executive, officers, directors and holders		10% or more
Nitro Electric | Loan agreement
Related Party Transaction [Line Items]
Term of loan agreement	20 years
Loan agreement, amount	$ 1,200,000
Monthly rent	$ 6,300
Interest rate	4.75%
Monthly payments	$ 7,800
Principal payment		$ 105,000
Interest payment		$ 152,000

LEASE OBLIGATIONS - Future mini

LEASE OBLIGATIONS - Future minimum lease payments under operating leases (Details)	Sep. 30, 2017USD ($)
Leases [Abstract]
2,018	$ 168,932
2,019	36,323
2,020	62,260
Future minimum lease payments, Total	$ 267,515

LEASE OBLIGATIONS (Detail Textu

LEASE OBLIGATIONS (Detail Textuals)	12 Months Ended
	Sep. 30, 2017
Pieces of equipment
Operating Leased Assets [Line Items]
Maximum term of operating lease agreement	36 months

MAJOR CUSTOMERS (Detail Textual

MAJOR CUSTOMERS (Detail Textuals)	3 Months Ended								12 Months Ended
	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2017USD ($)Customer	Sep. 30, 2016USD ($)Customer
Concentration Risk [Line Items]
Revenue	$ 41,941,034	$ 35,686,215	$ 25,371,605	$ 37,496,872	$ 49,731,058	$ 43,370,975	$ 28,005,021	$ 34,374,091	$ 140,495,726	$ 155,481,145
Revenues | Customer Concentration Risk
Concentration Risk [Line Items]
Number of major customers | Customer									2	2
Concentration risk description									more than 10%	more than 10%
Revenue									$ 41,800,000	$ 55,700,000
Percentage of revenue from customer									29.70%	35.80%
Receivables | Customer Concentration Risk
Concentration Risk [Line Items]
Number of major customers | Customer									2	2
Concentration risk description									greater than 10%	greater than 10%
Receivables from major customers	$ 6,400,000				$ 12,500,000				$ 6,400,000	$ 12,500,000
Percentage of revenue from customer									27.90%	51.90%

RETIREMENT AND EMPLOYEE BENEF68

RETIREMENT AND EMPLOYEE BENEFIT PLANS - Summary of Participation in Pension Fund Plan (Details) - USD ($)		12 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Multiemployer Plans [Line Items]
Contributions of Energy Services of America Companies			$ 7,370,278	$ 6,426,557	$ 4,302,639
Central States, Southeast and Southwest Areas Pension Fund
Multiemployer Plans [Line Items]
EIN Number		366,044,243
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Red	Red
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 0	$ 35,907	$ 9,482
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
Southwest Ohio Regional Council of Carpenters Pension Plan
Multiemployer Plans [Line Items]
EIN Number		316,127,287
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Yellow	Yellow
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 0	$ 8,695	$ 22,066
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
Plumbers & Pipefitters National Pension Fund
Multiemployer Plans [Line Items]
EIN Number		526,152,779
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Yellow	Yellow
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 1,034,996	$ 841,370	$ 660,415
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
Sheet Metal Workers' National Pension Fund
Multiemployer Plans [Line Items]
EIN Number		526,112,463
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Red	Red
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 182,991	$ 0	$ 0
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
Sheet Metal Workers Local Pension Fund
Multiemployer Plans [Line Items]
EIN Number		346,666,753
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Red	Yellow
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 0	$ 99,809	$ 59,237
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
Plumbers and Pipefitters Local 152 Pension Fund
Multiemployer Plans [Line Items]
EIN Number		556,029,095
Pension Plan Number			1	1	1
Pension Protection Act ("PPA") Certified Zone Status	[1]		Yellow	Yellow
FIP/RP Status	[2]		Implemented	Implemented	Implemented
Contributions of Energy Services of America Companies			$ 0	$ 11,178	$ 924
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
All Other
Multiemployer Plans [Line Items]
Pension Protection Act ("PPA") Certified Zone Status	[1]		Green	Green
Contributions of Energy Services of America Companies			$ 6,152,291	$ 5,429,598	$ 3,550,515
Surcharge Imposed			No	No	No
Expiration Date of Collective Bargaining			Various	Various	Various
[1]	The most recent PPA zone status available in 2016 and 2015 is the the plan's year-end during 2016 and 2015, respectively. The zone status is based on information that we received from the plan and is certified by the plan's actuary. Among other factors, plans in the red zone are generally less than 65 percent funded, plans in the orange zone are less than 80 percent funded and have an Accumulated Funding Deficiency in the current year or projected into the next six years, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at least 80 percent funded.
[2]	Indicates whether the plan has a financial improvement plan ("FIP") or a rehabilitation plan ("RP") which is either pending or has been implemented.

RETIREMENT AND EMPLOYEE BENEF69

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Threshold limit of percentage of plan funded under red zone	65.00%
Threshold limit of percentage of plan funded under orange zone	80.00%
Threshold limit of period for accumulated funding deficiency of plan funded under orange zone	6 years
Threshold limit of percentage of plan funded under yellow zone	80.00%
Threshold limit of percentage of plan funded under green zone	80.00%
Union Employees Retirement Plan | C J Hughes Construction Company
Defined Benefit Plan Disclosure [Line Items]
Percentage of employees contribution to retirement compensation plan	15.00%
Maximum amount of employees contribution	$ 18,000	$ 18,000
Amount of contribution matched per dollar	$ 0.25
Percentage of contribution of eligible wages	6.00%
Amount of contribution to union plan	$ 6,224

RETIREMENT AND EMPLOYEE BENEF70

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals 1) - Non Union Employees Retirement Plan - Nitro Electric and C. J. Hughes Construction Company merger - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Defined Benefit Plan Disclosure [Line Items]
Maximum amount of employees contribution	$ 18,000	$ 18,000
Amount of contribution matched per dollar		$ 0.25
Percentage of contribution of eligible wages		6.00%
Defined contribution plan employer matching contribution percent of each dollar contributed for the first 3%	100.00%
Defined contribution plan employer matching contribution percent of each dollar contributed for the next 3%	50.00%

RETIREMENT AND EMPLOYEE BENEF71

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals 2) - Retirement Plan - Energy Services of America	12 Months Ended
	Sep. 30, 2017USD ($)Subsidiary	Sep. 30, 2016USD ($)Subsidiary
Defined Benefit Plan Disclosure [Line Items]
Number of subsidiaries | Subsidiary	4	4
Amount of contribution to union plan | $	$ 196,821	$ 64,949

CREDIT RISK (Detail Textuals)

CREDIT RISK (Detail Textuals)	Sep. 30, 2017USD ($)
Risks and Uncertainties [Abstract]
FDIC insurance limit	$ 250,000
Uninsured deposits	$ 2,200,000

QUARTERLY FINANCIAL DATA (UNA73

QUARTERLY FINANCIAL DATA (UNAUDITED) -Summary (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016
Continuing operations
Revenue	$ 41,941,034	$ 35,686,215	$ 25,371,605	$ 37,496,872	$ 49,731,058	$ 43,370,975	$ 28,005,021	$ 34,374,091	$ 140,495,726	$ 155,481,145
Operating income (loss)	1,359,091	(3,038,995)	(427,126)	2,489,177	3,237,027	2,391,479	(178,841)	1,455,015	382,147	6,904,680
Net income (loss) from continuing operations	553,274	(1,867,148)	(312,539)	1,238,657	1,675,577	1,077,225	(210,235)	698,856	(387,756)	3,241,423
Dividends on preferred stock	77,250	77,250	77,250	77,250	77,250	77,250	77,250	77,250	309,000	309,000
Net income (loss) available to common shareholders	$ 476,024	$ (1,944,398)	$ (389,789)	$ 1,161,407	$ 1,598,327	$ 999,975	$ (287,485)	$ 621,606	$ (696,756)	$ 2,932,423
Weighted-basic shares outstanding (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836
Weighted-diluted shares outstanding (in shares)	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,673,169	14,239,836	17,673,169	14,239,836	17,673,169
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	$ 0.033	$ (0.137)	$ (0.027)	$ 0.082	$ 0.112	$ 0.070	$ (0.020)	$ 0.044	$ (0.049)	$ 0.206
Earnings (loss) per share from continuing operations-diluted available to common shareholders (in dollars per share)	$ 0.027	$ (0.137)	$ (0.027)	$ 0.066	$ 0.090	$ 0.057	$ (0.020)	$ 0.035	$ (0.049)	$ 0.166

CONDENSED PARENT COMPANY ONLY74

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - BALANCE SHEETS (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Current assets
Cash and cash equivalents	$ 1,663,222	$ 3,815,790
Other receivables	96,242	106,837
Prepaid expenses and other	4,044,731	2,485,101
Total current assets	37,973,346	42,110,255
Property, plant and equipment, at cost	48,436,122	39,375,505
less accumulated depreciation	(29,243,614)	(26,625,827)
Total fixed assets	19,192,508	12,749,678
Deferred tax asset	1,394,066	1,399,152
Total assets	58,697,201	56,396,366
Current liabilities
Current maturities of long-term debt	4,562,918	2,867,898
Lines of credit and short term borrowings	9,432,968	6,232,943
Accounts payable	5,522,143	5,006,427
Accrued expenses and other current liabilities	4,302,611	5,933,571
Total current liabilities	26,023,276	24,556,498
Long-term debt, less current maturities	9,702,483	7,390,099
Deferred income taxes payable	1,840,623	1,926,077
Total liabilities	37,566,382	33,872,674
Shareholders' equity
Treasury stock, 600,000 shares at September 30, 2017 and 2016	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(40,159,865)	(38,766,992)
Total shareholders' equity	21,130,819	22,523,692	$ 20,286,636
Total liabilities and shareholders' equity	58,697,201	56,396,366
Parent Company
Current assets
Cash and cash equivalents	1,468,145	595,757	$ 564,044
Other receivables	0	1,417
Prepaid expenses and other	4,013,332	1,996,826
Total current assets	5,481,477	2,594,000
Property, plant and equipment, at cost	248,402	248,402
less accumulated depreciation	(220,733)	(215,181)
Total fixed assets	27,669	33,221
Due from subsidiaries	11,604,780	10,917,081
Deferred tax asset	731,088	671,601
Investment in subsidiaries	24,079,884	23,626,269
Total assets	41,924,898	37,842,172
Current liabilities
Current maturities of long-term debt	3,777,504	2,671,310
Lines of credit and short term borrowings	9,432,968	6,232,943
Accounts payable	63,358	12,693
Accrued expenses and other current liabilities	164,943	236,033
Total current liabilities	13,438,773	9,152,979
Long-term debt, less current maturities	7,350,742	6,160,363
Deferred income taxes payable	4,564	5,138
Total liabilities	20,794,079	15,318,480
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2017 and 2016
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2017 and 2016	1,484	1,484
Treasury stock, 600,000 shares at September 30, 2017 and 2016	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(40,159,865)	(38,766,992)
Total shareholders' equity	21,130,819	22,523,692
Total liabilities and shareholders' equity	$ 41,924,898	$ 37,842,172

CONDENSED PARENT COMPANY ONLY75

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - BALANCE SHEETS (Parentheticals) (Details) - $ / shares	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000
Parent Company
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000

CONDENSED PARENT COMPANY ONLY76

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - STATEMENTS OF INCOME (Details 1) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016
Condensed Financial Statements, Captions [Line Items]
General and administrative expenses									$ 7,401,769	$ 7,293,323
Net loss from operations before taxes	$ 1,359,091	$ (3,038,995)	$ (427,126)	$ 2,489,177	$ 3,237,027	$ 2,391,479	$ (178,841)	$ 1,455,015	382,147	6,904,680
Interest expense									(833,424)	(875,254)
Net loss before tax									(468,124)	6,139,628
Income tax benefit									(80,368)	2,898,205
Net loss from parent	$ 553,274	$ (1,867,148)	$ (312,539)	$ 1,238,657	$ 1,675,577	$ 1,077,225	$ (210,235)	$ 698,856	(387,756)	3,241,423
Net income (loss) available to common shareholders									$ (696,756)	$ 2,932,423
Weighted average shares outstanding-basic (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836
Weighted average shares-diluted (in shares)	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,673,169	14,239,836	17,673,169	14,239,836	17,673,169
Net earnings (loss) per share-basic available to common shareholders (in dollars per share)									$ (0.049)	$ 0.206
Net earnings (loss) per share-diluted available to common shareholders (in dollars per share)									$ (0.049)	$ 0.166
Parent Company
Condensed Financial Statements, Captions [Line Items]
General and administrative expenses									$ 1,360,216	$ 1,336,620
Net loss from operations before taxes									(1,360,216)	(1,336,620)
Other nonoperating expense									(318)	(83)
Interest expense									(753,167)	(780,376)
Interest allocation to subsidiaries									730,486	736,473
Net loss before tax									(1,383,215)	(1,380,606)
Income tax benefit									(541,844)	(515,397)
Net loss from parent									(841,371)	(865,209)
Equity in undistributed income of subsidiaries									(453,615)	(4,106,632)
Dividends on preferred stock									(309,000)	(309,000)
Net income (loss) available to common shareholders									$ (696,756)	$ 2,932,423
Weighted average shares outstanding-basic (in shares)									14,239,836	14,239,836
Weighted average shares-diluted (in shares)									14,239,836	17,673,169
Net earnings (loss) per share-basic available to common shareholders (in dollars per share)									$ (0.049)	$ 0.206
Net earnings (loss) per share-diluted available to common shareholders (in dollars per share)									$ (0.049)	$ 0.166

CONDENSED PARENT COMPANY ONLY77

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - CONSOLIDATED STATEMENTS OF CASH FLOWS (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income (loss) available to common shareholders	$ (696,756)	$ 2,932,423
Adjustments to reconcile net income (loss) to net cash used in operating activities
Provision for deferred taxes	(80,368)	1,470,498
Depreciation expense	3,235,362	2,503,471
Changes in:
(Increase) decrease in prepaid expenses	(1,559,630)	(112,133)
Decrease in other receivable	10,595	158,858
Increase (decrease) in accounts payable	515,716	1,254,235
Net cash used in operating activities	868,737	6,781,236
Cash flows from investing activities:
Investment in property & equipment	(2,788,272)	(3,406,019)
Net cash used in investing activities	(2,513,150)	(2,986,011)
Cash flows from financing activities:
Borrowings on lines of credit and short-term debt, net of (repayments)	3,200,025	1,716,708
Principal payments on long term debt	(3,012,063)	(2,500,054)
Net cash provided by financing activities	(508,155)	(1,478,713)
Increase in cash and cash equivalents	(2,152,568)	2,316,512
Cash beginning of period	3,815,790
Cash end of period	1,663,222	3,815,790
Cash paid during the year for:
Income taxes	1,578,334	310,401
Interest	833,424	875,254
Insurance premiums financed	3,203,954	2,348,312
Parent Company
Cash flows from operating activities:
Net income (loss) available to common shareholders	(696,756)	2,932,423
Adjustments to reconcile net income (loss) to net cash used in operating activities
Provision for deferred taxes	(60,061)	113,725
Depreciation expense	5,552	2,120
Equity in undistributed income of subsidiaries	453,615	4,106,632
Advances from subsidiaries	(687,699)	(1,268,422)
Changes in:
(Increase) decrease in prepaid expenses	(2,016,506)	47,676
Decrease in other receivable	1,417
Increase (decrease) in accounts payable	50,665	(73,526)
Decrease in accrued expenses and other current liabilities	(71,090)	(89,051)
Net cash used in operating activities	(3,928,093)	(2,441,687)
Cash flows from investing activities:
Investment in property & equipment	0	(20,508)
Net cash used in investing activities	0	(20,508)
Cash flows from financing activities:
Borrowings on lines of credit and short-term debt, net of (repayments)	3,200,025	1,716,708
Principal payments on long term debt	(2,703,427)	(2,106,456)
Dividends on common stock	(696,117)	(695,367)
Proceeds from long term debt	5,000,000	3,579,023
Net cash provided by financing activities	4,800,481	2,493,908
Increase in cash and cash equivalents	872,388	31,713
Cash beginning of period	595,757	564,044
Cash end of period	1,468,145	595,757
Cash paid during the year for:
Income taxes	1,578,334	310,401
Interest	753,167	780,376
Insurance premiums financed	3,524,350	2,565,020
Dividends on preferred stock	$ 309,000	$ 309,000