Energy Services of America (ESOA) 10-Q 14 Feb 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Dec. 31, 2013	Feb. 01, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Energy Services of America CORP	'
Entity Central Index Key	'0001357971	'
Trading Symbol	'esoa	'
Current Fiscal Year End Date	'--09-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	14,539,836
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Sep. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$6,044,532	$6,152,382
Accounts receivable-trade	13,984,256	16,774,884
Allowance for doubtful accounts	-196,692	-236,657
Retainages receivable	1,988,244	2,666,066
Other receivables	273,331	271,572
Costs and estimated earnings in excess of billings on uncompleted contracts	4,195,554	9,034,956
Deferred tax asset	2,024,543	1,809,684
Prepaid expenses and other	1,848,558	2,191,551
Assets of discontinued operations	2,345,976	2,274,079
Total Current Assets	32,508,302	40,938,517
Property, plant and equipment, at cost	29,042,825	28,801,218
less accumulated depreciation	-20,055,020	-19,198,168
Assets of discontinued operations, net	'	155,833
Total Noncurrent Assets	8,987,805	9,758,883
Total Assets	41,496,107	50,697,400
Current Liabilities	'	'
Current maturities of long-term debt	4,596,511	5,280,558
Lines of credit and short term borrowings	8,628,265	10,132,667
Accounts payable	1,667,617	6,367,120
Accrued expenses and other current liabilities	2,362,618	3,422,385
Billings in excess of costs and estimated earnings on uncompleted contracts	2,714,686	3,697,887
Income tax payable	170,764	384,303
Liabilities of discontinued operations	928,333	1,370,465
Total Current Liabilities	21,068,794	30,655,385
Long-term debt, less current maturities	905,220	1,058,720
Deferred income taxes payable	3,061,193	3,283,124
Liabilities of discontinued operations	799,790	756,983
Total Liabilities	25,834,997	35,754,212
Stockholders' equity	'	'
Preferred stock, $.0001 par value Authorized 1,000,000 shares, 206 issued at December 31, 2013 and 196 at September 30, 2013	'	'
Common stock, $.0001 par value Authorized 50,000,000 shares, issued and outstanding at December 31, 2013 14,539,836 shares and at September 30, 2013 14,514,836 shares	1,454	1,451
Additional paid in capital	61,289,260	61,039,262
Retained earnings (deficit)	-45,629,604	-46,097,525
Total Stockholders' equity	15,661,110	14,943,188
Total liabilities and stockholders' equity	$41,496,107	$50,697,400

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Statement Of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	196
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,539,836	14,514,836
Common stock, shares outstanding	14,539,836	14,514,836

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME Unaudited (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'
Revenue	$25,050,410	$27,178,511
Cost of revenues	22,874,079	24,236,470
Gross profit	2,176,331	2,942,041
Selling and administrative expenses	1,768,923	2,549,349
Income from operations	407,408	392,692
Other income (expense)	'	'
Interest income	-223	2,598
Other nonoperating income	11,453	'
Interest expense (benefit)	-354,058	-483,377
Gain on sale of equipment	'	294,251
Other income (expense), total	-342,828	-186,528
Income from continuing operations before income taxes	64,580	206,164
Income tax expense (benefit)	-382,899	319,932
Income (loss) from continuing operations	447,479	-113,768
Income (loss) from discontinued operations net of tax benefit of $303,000 for December 2012 and $20,000 for December 2013	20,442	-646,442
Net income (loss)	$467,921	($760,210)
Weighted average shares outstanding-basic (in shares)	14,527,227	14,458,836
Weighted average shares-diluted (in shares)	17,876,503	14,458,836
Earnings (loss) per share from continuing operations (in dollars per share)	$0.03	($0.01)
Earnings (loss) per share from continuing operations-diluted (in dollars per share)	$0.03	($0.01)
Earnings (loss) per share (in dollars per share)	$0.03	($0.05)
Earnings (loss) per share-diluted (in dollars per share)	$0.03	($0.05)

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME Unaudited (Parentheticals) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'
Tax benefit on income (loss) from discontinued operations	$20,000	$303,000

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net income (loss)	$467,921	($760,210)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Depreciation expense	856,851	1,402,178
(Gain) loss on sale/disposal of equipment	20,833	-501,806
Provision for deferred taxes	-457,232	-583,807
Share-based compensation expense	'	9,494
(Increase) decrease in contracts receivable	2,605,100	-2,795,111
(Increase) decrease in retainage receivable	823,385	-278,750
(Increase) decrease in other receivables	-1,759	44,595
Decrease in cost and estimated earnings in excess of billings on uncompleted contracts	4,839,402	3,199,554
Decrease in prepaid expenses	341,935	540,771
Decrease in accounts payable	-5,134,202	-1,649,350
Decrease in accrued expenses	-1,067,200	-816
Increase (decrease) in billings in excess of cost and estimated earnings on uncompleted contracts	-983,201	3,052,281
Increase (decrease) in income taxes payable	-213,539	600,656
Net cash provided by operating activities	2,098,294	2,279,679
Cash flows from investing activities:	'	'
Investment in property & equipment	-241,606	-3,615
Proceeds from sales of property and equipment	135,000	694,889
Net cash provided by (used in) investing activities	-106,606	691,274
Cash flows from financing activities:	'	'
Proceeds from private placement of preferred stock	249,998	'
Par value of common stock issued to preferred shareholders	3	'
Borrowings on lines of credit and short term debt, net of (repayments)	-1,504,402	-1,003,473
Principal payments on long term debt	-837,547	-1,097,317
Net cash used in financing activities	-2,091,948	-2,100,790
Increase (decrease) in cash and cash equivalents	-100,260	870,163
Cash beginning of period	6,339,882	2,661,721
Cash end of period	6,239,622	3,531,884
Supplemental schedule of noncash investing and financing activities:	'	'
Purchases of property & equipment under financing agreements	'	'
Insurance premiums financed	'	'
Cash paid during the year for:	'	'
Interest	412,708	474,052
Income taxes	267,430	'
Insurance premiums	$221,320	$516,276

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid in Capital	Retained Earnings (deficit)	Total
Balance at Sep. 30, 2012	$1,446	$56,107,650	($49,667,731)	$6,441,365
Balance (in shares) at Sep. 30, 2012	14,458,836	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Share-based compensation expense	'	9,494	'	9,494
Net Income (loss)	'	'	-760,210	-760,210
Balance at Dec. 31, 2012	1,446	56,117,144	-50,427,941	5,690,649
Balance (in shares) at Dec. 31, 2012	14,458,836	'	'	'
Balance at Sep. 30, 2013	1,451	61,039,262	-46,097,525	14,943,188
Balance (in shares) at Sep. 30, 2013	14,514,836	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'
Private placement of preferred stock	'	249,998	'	249,998
Common stock issued from private placement	3	'	'	3
Common stock issued from private placement (in shares)	25,000	'	'	'
Net Income (loss)	'	'	467,921	467,921
Balance at Dec. 31, 2013	$1,454	$61,289,260	($45,629,604)	$15,661,110
Balance (in shares) at Dec. 31, 2013	14,539,836	'	'	'

BUSINESS_AND_ORGANIZATION

BUSINESS AND ORGANIZATION	3 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
BUSINESS AND ORGANIZATION	'
	1. BUSINESS AND ORGANIZATION:
	Energy Services of America Corporation, formerly known as Energy Services Acquisition Corp., (the Company) was incorporated in Delaware on March 31, 2006 as a blank check company whose objective was to acquire an operating business or businesses. The Company operated as a blank check company until August 15, 2008. On that date, the Company acquired S.T. Pipeline, Inc. and C.J. Hughes Construction Company, Inc. with proceeds from the Company’s Initial Public Offering. S. T. Pipeline and C. J Hughes operate as wholly owned subsidiaries of the Company.
	S.T. Pipeline, Inc. (S.T.) was incorporated in May 1990 under the laws of the State of West Virginia. S.T. engaged in the construction of natural gas pipelines for utility companies in various states, mostly in the mid-Atlantic area of the country. The financial position and results of operations of S.T. Pipeline, Inc. have been presented as discontinued operations in the accompanying financial statements for all presented periods. On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale.
	C.J. Hughes Construction Company, Inc. (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. Nitro Electric Company, Inc., a wholly owned subsidiary of C. J. Hughes, is involved in electrical contracting providing its services to the power and refining industries. Nitro Electric operates primarily in the mid-Atlantic region of the United States. Contractors Rental Corporation, Inc. a wholly owned subsidiary of C.J. Hughes is involved in main line pipeline installation and repairs in the mid-Atlantic region of the country as well. 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.
	The Company’s stock trades under the symbol “ESOA” on the Over-the-Counter market.
	Interim Financial Statements
	The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the Company’s audited financial statements and footnotes thereto for the years ended September 30, 2013 and 2012 included in the Company’s Form 10-K filed December 20, 2013. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to interim financial reporting rules and regulations of the SEC. The financial statements reflect all adjustments (consisting primarily of normal recurring adjustments) that are, in the opinion of management necessary for a fair presentation of the Company’s financial position and results of operations. The operating results for the three month period ended December 31, 2013 are not necessarily indicative of the results to be expected for the full year.
	Principles of Consolidation
	The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries. S.T. Pipeline has been shown as discontinued operations for the three months ended December 31, 2012 and 2013. 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.
	Reclassifications
	Certain reclassifications have been made in prior years’ financial statements to conform to classifications used in the current year.

UNCOMPLETED_CONTRACTS

UNCOMPLETED CONTRACTS	3 Months Ended
	Dec. 31, 2013
Contractors [Abstract]	'
UNCOMPLETED CONTRACTS	'
	2. UNCOMPLETED CONTRACTS
	Costs, estimated earnings, and billings on uncompleted contracts as of December 31, 2013 and September 30, 2013 are summarized as follows:
		31-Dec-13		30-Sep-13
	Costs incurred on contracts in progress	$	146,724,521	$	159,962,769
	Estimated earnings, net of estimated losses		7,848,044		3,929,091
			154,572,565		163,891,860
	Less: Billings to date		153,091,697		158,554,791
		$	1,480,868	$	5,337,069
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	4,195,554	$	9,034,956
	Less: Billings in excess of costs and estimated earnings on uncompleted Contracts		2,714,686		3,697,887
		$	1,480,868	$	5,337,069
	Backlog at December 31, 2013 and September 30, 2013 was $45.1 million and $52.6 million respectively.

CLAIMS

CLAIMS	3 Months Ended
	Dec. 31, 2013
Claims [Abstract]	'
CLAIMS	'
	3. CLAIMS
	The Company had claims valued at $2,200,000 with respect to September 30, 2013. On December 5, 2013, the Company entered into a settlement agreement for $2,350,000. The agreement called for payment to be received by the Company within 10 days of execution. The Company received payment of the full amount on December 13, 2013. The Company does not have any claims recorded as of December 31, 2013.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	4. FAIR VALUE MEASUREMENTS
	The Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements.
	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 — Quoted prices for identical assets and liabilities traded in active exchange markets, such as the New York Stock Exchange.
	Level 2 — Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data.
	Level 3 — Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation; also includes observable inputs for nonbinding single dealer quotes not corroborated by observable market data.
	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 for bank loans with similar terms and maturities. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $5.4 million at December 31, 2013 was $5.5 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. Refer to Note 4, Goodwill and Intangible Assets of the Company’s September 30, 2013 10-K filing for further information.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
DISCONTINUED OPERATIONS	'
	5. DISCONTINUED OPERATIONS
	Due to organizational changes and operating losses incurred in fiscal year 2012, the Company decided to discontinue the operations of its wholly owned subsidiary S.T. Pipeline, Inc. On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale.
	The operating results for S.T. Pipeline, Inc. for the three months ended December 31, 2013 and 2012 are as follows:
		Three Months ended			Three Months ended
		31-Dec-13			31-Dec-12
		(In Millions)			(In Millions)
	Sales	$	-0-		$	1.49
	Cost of Revenues		(0.10	)		2.29
	Gross Profit (Loss)		0.1			(0.80	)
	Selling & Adm.		0.08			0.36
	Income (loss) from operations		0.02			(1.16	)
	Other income (loss)		(0.02	)		0.21
	Income (loss) before tax	-0-				(0.95	)
	Income tax benefit		(0.02	)		(0.30	)
	Net income (loss)	$	0.02		$	(0.65	)
	The following table shows the components of asset and liabilities that are classified as discontinued operations in the Company’s consolidated balances sheets for quarter ended December 31, 2013 and year ended September 30, 2013 (in Thousands).
		December 31,			September 30,
		2013			2013
	Accounts receivable	$	177		$	32
	Retainages receivable		145			291
	Allowance for doubtful accounts		(300	)		(300	)
	Deferred tax asset		2,105			2,042
	Prepaid and other current assets		219			209
	Assets of discontinued operations-current		2,346			2,274
	Property, plant, and equipment, net	-0-				156
	Total assets of discontinued operations		2,346			2,430
	Accounts payable		923			1,357
	Accrued expenses and other current liabilities		6			13
	Liabilities of discontinued operations-current		929			1,370
	Liabilities of discontinued operations-long term		800			757
	Total liabilities of discontinued operations		1,729			2,127
	Net assets	$	617		$	303

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	6. EARNINGS PER SHARE
	The amounts used to compute the earnings per share for the three months ended December 31, 2013 and 2012 are summarized below.
		Three Months Ended
		December 31,
		2013		2012
	Weighted average shares outstanding-basic		14,527,227		14,458,836
	Weighted average shares outstanding-diluted		17,876,503		14,458,836
	Income (loss) from continuing operations	$	447,479	$	(113,768	)
	Earnings (loss) per share from continuing operations-basic	$	0.031	$	(0.008	)
	Earnings (loss) per share from continuing operations-diluted	$	0.025	$	(0.008	)
	Net Income (loss) from discontinued operations	$	20,442	$	(646,442	)
	Earnings (loss) per share from discontinued operations-basic	$	0.001	$	(0.045	)
	Earnings (loss) per share from discontinued operations-diluted	$	0.001	$	(0.045	)
	Net Income (Loss)	$	467,921	$	(760,210	)
	Earnings (loss) per share-basic	$	0.032	$	(0.053	)
	Earnings (loss) per share -diluted	$	0.026	$	(0.053	)

UNCOMPLETED_CONTRACTS_Tables

UNCOMPLETED CONTRACTS (Tables)	3 Months Ended
	Dec. 31, 2013
Contractors [Abstract]	'
Schedule of costs, estimated earnings and billings on uncompleted contracts	'
		31-Dec-13		30-Sep-13
	Costs incurred on contracts in progress	$	146,724,521	$	159,962,769
	Estimated earnings, net of estimated losses		7,848,044		3,929,091
			154,572,565		163,891,860
	Less: Billings to date		153,091,697		158,554,791
		$	1,480,868	$	5,337,069
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	4,195,554	$	9,034,956
	Less: Billings in excess of costs and estimated earnings on uncompleted Contracts		2,714,686		3,697,887
		$	1,480,868	$	5,337,069

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of operating results for S.T. Pipeline, Inc.	'
		Three Months ended			Three Months ended
		31-Dec-13			31-Dec-12
		(In Millions)			(In Millions)
	Sales	$	-0-		$	1.49
	Cost of Revenues		(0.10	)		2.29
	Gross Profit (Loss)		0.1			(0.80	)
	Selling & Adm.		0.08			0.36
	Income (loss) from operations		0.02			(1.16	)
	Other income (loss)		(0.02	)		0.21
	Income (loss) before tax	-0-				(0.95	)
	Income tax benefit		(0.02	)		(0.30	)
	Net income (loss)	$	0.02		$	(0.65	)
Schedule of components of asset and liabilities classified as discontinued operations	'
		December 31,			September 30,
		2013			2013
	Accounts receivable	$	177		$	32
	Retainages receivable		145			291
	Allowance for doubtful accounts		(300	)		(300	)
	Deferred tax asset		2,105			2,042
	Prepaid and other current assets		219			209
	Assets of discontinued operations-current		2,346			2,274
	Property, plant, and equipment, net	-0-				156
	Total assets of discontinued operations		2,346			2,430
	Accounts payable		923			1,357
	Accrued expenses and other current liabilities		6			13
	Liabilities of discontinued operations-current		929			1,370
	Liabilities of discontinued operations-long term		800			757
	Total liabilities of discontinued operations		1,729			2,127
	Net assets	$	617		$	303

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	3 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Schedule of basic and diluted earnings per share	'
		Three Months Ended
		December 31,
		2013		2012
	Weighted average shares outstanding-basic		14,527,227		14,458,836
	Weighted average shares outstanding-diluted		17,876,503		14,458,836
	Income (loss) from continuing operations	$	447,479	$	(113,768	)
	Earnings (loss) per share from continuing operations-basic	$	0.031	$	(0.008	)
	Earnings (loss) per share from continuing operations-diluted	$	0.025	$	(0.008	)
	Net Income (loss) from discontinued operations	$	20,442	$	(646,442	)
	Earnings (loss) per share from discontinued operations-basic	$	0.001	$	(0.045	)
	Earnings (loss) per share from discontinued operations-diluted	$	0.001	$	(0.045	)
	Net Income (Loss)	$	467,921	$	(760,210	)
	Earnings (loss) per share-basic	$	0.032	$	(0.053	)
	Earnings (loss) per share -diluted	$	0.026	$	(0.053	)

BUSINESS_AND_ORGANIZATION_Deta

BUSINESS AND ORGANIZATION (Detail Textuals) (S.T. Pipeline, Inc., USD $)	0 Months Ended
In Millions, unless otherwise specified	14-May-13
S.T. Pipeline, Inc.	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net proceeds from liquidation of operation	$1.90

UNCOMPLETED_CONTRACTS_Costs_es

UNCOMPLETED CONTRACTS - Costs, estimated earnings, and billings on uncompleted contracts (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Contractors [Abstract]	'	'
Costs incurred on contracts in progress	$146,724,521	$159,962,769
Estimated earnings, net of estimated losses	7,848,044	3,929,091
Costs of uncomplete contracts including net estimated earnings	154,572,565	163,891,860
Less: Billings to date	153,091,697	158,554,791
Unbilled contracts receivable	1,480,868	5,337,069
Costs and estimated earnings in excess of billings on uncompleted contracts	4,195,554	9,034,956
Less: Billings in excess of costs and estimated earnings on uncompleted Contracts	2,714,686	3,697,887
Unbilled contracts receivable	$1,480,868	$5,337,069

UNCOMPLETED_CONTRACTS_Detail_T

UNCOMPLETED CONTRACTS (Detail Textuals) (USD $)	Dec. 31, 2013	Sep. 30, 2013
In Millions, unless otherwise specified
Contractors [Abstract]	'	'
Backlog of uncompleted contracts	$45.10	$52.60

CLAIMS_Detail_Textuals

CLAIMS (Detail Textuals) (USD $)	Dec. 05, 2013	Sep. 30, 2013
Claims [Abstract]	'	'
Claims receivable	$2,350,000	$2,200,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Detail Textuals) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'	'
Aggregate principal amount of fixed-rate debt	'	$5.40
Fair vale of the company's fixed rate debt	'	5.5
Goodwill impairment charge	$36.90	'

DISCONTINUED_OPERATIONS_Operat

DISCONTINUED OPERATIONS - Operating results for S.T. Pipeline, Inc. (Details) (S.T. Pipeline, Inc., Discontinued Operations, USD $)	3 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
S.T. Pipeline, Inc. | Discontinued Operations	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Sales	$0	$1.49
Cost of Revenues	-0.1	2.29
Gross Profit (Loss)	0.1	-0.8
Selling & Adm.	0.08	0.36
Income (loss) from operations	0.02	-1.16
Other income (loss)	-0.02	0.21
Income (loss) before tax	0	-0.95
Income tax benefit	-0.02	-0.3
Net income (loss)	$0.02	($0.65)

DISCONTINUED_OPERATIONS_Compon

DISCONTINUED OPERATIONS - Components of asset and liabilities that are classified as discontinued operations (Details 1) (USD $)	Dec. 31, 2013	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets of discontinued operations-current	$2,345,976	$2,274,079
Property, plant, and equipment, net	'	155,833
Liabilities of discontinued operations-current	928,333	1,370,465
Liabilities of discontinued operations-long term	799,790	756,983
S.T. Pipeline, Inc. | Discontinued Operations	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Accounts receivable	177,000	32,000
Retainages receivable	145,000	291,000
Allowance for doubtful accounts	-300,000	-300,000
Deferred tax asset	2,105,000	2,042,000
Prepaid and other current assets	219,000	209,000
Assets of discontinued operations-current	2,346,000	2,274,000
Property, plant, and equipment, net	0	156,000
Total assets of discontinued operations	2,346,000	2,430,000
Accounts payable	923,000	1,357,000
Accrued expenses and other current liabilities	6,000	13,000
Liabilities of discontinued operations-current	929,000	1,370,000
Liabilities of discontinued operations-long term	800,000	757,000
Total liabilities of discontinued operations	1,729,000	2,127,000
Net assets	$617,000	$303,000

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Detail Textuals) (S.T. Pipeline, Inc., USD $)	0 Months Ended
In Millions, unless otherwise specified	14-May-13
S.T. Pipeline, Inc.	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net proceeds from liquidation of operation	$1.90

EARNINGS_PER_SHARE_Amounts_use

EARNINGS PER SHARE - Amounts used to compute earnings per share (Details) (USD $)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]	'	'
Weighted average shares outstanding-basic (in shares)	14,527,227	14,458,836
Weighted average shares outstanding-diluted (in shares)	17,876,503	14,458,836
Income (loss) from continuing operations (in dollars)	$447,479	($113,768)
Earnings (loss) per share from continuing operations-basic	$0.03	($0.01)
Earnings (loss) per share from continuing operations-diluted	$0.03	($0.01)
Net Income (loss) from discontinued operations (in dollars)	20,442	-646,442
Earnings (loss) per share from discontinued operations-basic	$0.00	($0.05)
Earnings (loss) per share from discontinued operations-diluted	$0.00	($0.05)
Net Income (Loss) (in dollars)	$467,921	($760,210)
Earnings (loss) per share-basic	$0.03	($0.05)
Earnings (loss) per share -diluted	$0.03	($0.05)