Energy Services of America (ESOA) 10-Q 12 May 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2022	May 11, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Entity Registrant Name	Energy Services of America Corporation
Entity Central Index Key	0001357971
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-4606266
Entity Address, Address Line One	75 West 3rd Ave
Entity Address, City or Town	Huntington
Entity Address, Postal Zip Code	25701
Entity Address, State or Province	WV
City Area Code	304
Local Phone Number	522-3868
Title of 12(g) Security	Common Stock, Par Value $0.0001
Trading Symbol	esoa
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,667,185
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Current assets
Cash and cash equivalents	$ 8,362,452	$ 8,226,739
Accounts receivable-trade	16,585,025	21,092,517
Allowance for doubtful accounts	(70,310)	(70,310)
Retainage receivable	1,924,608	917,526
Other receivables	49,107	543,328
Contract assets	7,697,889	8,730,402
Prepaid expenses and other	5,272,735	3,541,000
Total current assets	39,821,506	42,981,202
Property, plant and equipment, at cost	61,851,439	61,145,705
less accumulated depreciation	(39,273,861)	(38,195,686)
Total fixed assets	22,577,578	22,950,019
Intangible assets, net	2,230,067	2,425,923
Goodwill	1,814,317	1,814,317
Total assets	66,443,468	70,171,461
Current liabilities
Current maturities of long-term debt	2,869,128	3,401,574
Lines of credit and short term borrowings	2,236,362	5,040,250
Accounts payable	6,846,215	7,285,392
Accrued expenses and other current liabilities	6,121,518	5,599,702
Contract liabilities	4,213,471	3,153,290
Total current liabilities	22,286,694	24,480,208
Long-term debt, less current maturities	7,879,315	9,020,774
Deferred tax liability	2,265,498	2,033,433
Total liabilities	32,431,507	35,534,415
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares, none issued at March 31, 2022 and 206 issued at September 30, 2021
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,466,328 issued and 16,247,898 outstanding at March 31, 2022 and 14,839,836 issued and 13,621,406 outstanding at September 30, 2021	1,747	1,484
Treasury stock, 1,218,430 shares at March 31, 2022 and September 30, 2021	(122)	(122)
Additional paid in capital	59,460,174	60,670,699
Retained deficit	(25,449,838)	(26,035,015)
Total shareholders' equity	34,011,961	34,637,046
Total liabilities and shareholders' equity	$ 66,443,468	$ 70,171,461

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2022	Sep. 30, 2021
Consolidated Balance Sheets
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	0	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	17,466,328	14,839,836
Common stock, shares outstanding	16,247,898	13,621,406
Treasury stock, shares	1,218,430	1,218,430

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Consolidated Statements of Income
Revenue	$ 35,392,578	$ 25,605,412	$ 78,051,703	$ 57,615,208
Cost of revenues	32,526,959	23,731,889	69,877,711	52,898,626
Gross profit	2,865,619	1,873,523	8,173,992	4,716,582
Selling and administrative expenses	3,417,039	3,823,913	7,049,634	7,419,743
(Loss) income from operations	(551,420)	(1,950,390)	1,124,358	(2,703,161)
Other income (expense)
Interest income		4	576	151,769
Other nonoperating expense	(109,810)	(32,887)	(263,238)	(85,510)
Interest expense	(144,932)	(142,993)	(342,491)	(219,510)
Gain on sale of equipment	19,896	479,269	359,792	492,311
Other nonoperating income (expense), Total	(234,846)	303,393	(245,361)	339,060
(Loss) income before income taxes	(786,266)	(1,646,997)	878,997	(2,364,101)
Income tax (benefit) expense	(200,463)	(335,526)	293,820	(404,968)
Net (loss) income	(585,803)	(1,311,471)	585,177	(1,959,133)
Dividends on preferred stock		77,250		154,500
Net (loss) income available to common shareholders	$ (585,803)	$ (1,388,721)	$ 585,177	$ (2,113,633)
Weighted average shares outstanding-basic	16,247,898	13,621,406	16,247,898	13,621,406
Weighted average shares-diluted	16,247,898	13,621,406	16,247,898	13,621,406
(Loss) earnings per share available to common shareholders	$ (0.04)	$ (0.10)	$ 0.04	$ (0.16)
(Loss) earnings per share-diluted available to common shareholders	$ (0.04)	$ (0.10)	$ 0.04	$ (0.16)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 585,177	$ (1,959,133)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense	2,593,025	2,235,844
Gain on sale of equipment	(359,792)	(492,311)
Provision for deferred taxes	293,820	216,961
Amortization of intangible assets	195,856	0
Accreted interest on note payable	15,000
Decrease (increase) in contracts receivable	4,507,492	(136,068)
(Increase) decrease in retainage receivable	(1,007,082)	722,986
Decrease (increase) in other receivables	494,221	(344,902)
Decrease in contract assets	1,032,513	2,258,082
Increase in prepaid expenses	(1,731,735)	(1,526,616)
Decrease in accounts payable	(439,177)	(341,080)
Increase (decrease) in accrued expenses and other current liabilities	460,324	(1,695,856)
Increase (decrease) in contract liabilities	1,060,181	(1,352,136)
Net cash provided by (used in) operating activities	7,699,823	(2,414,229)
Cash flows from investing activities:
Acquisition of West Virginia Pipeline, net of cash received of $250,000		(3,250,000)
Investment in property and equipment	(2,084,200)	(3,763,781)
Proceeds from sales of property and equipment	558,653	536,988
Net cash used in investing activities	(1,525,547)	(6,476,793)
Cash flows from financing activities:
Preferred stock redemption	(1,210,525)
Preferred dividends paid		(154,500)
Borrowings on lines of credit and short term debt, net of (repayments)	(2,803,888)	5,140,677
Principal payments on long term debt	(2,024,150)	(1,229,051)
Net cash (used in) provided by financing activities	(6,038,563)	3,757,126
Increase (decrease) in cash and cash equivalents	135,713	(5,133,896)
Cash and cash equivalents beginning of period	8,226,739	11,216,820
Cash and cash equivalents end of period	8,362,452	6,082,924
Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	350,245	349,139
Insurance premiums financed	3,352,971	3,213,402
Note payable to finance West Virginia Pipeline acquisition		3,000,000
Accrued dividends on preferred stock		77,250
Debt assumed in acquisitions		205,829
Par value of common stock issued from preferred stock conversion	263
Cash paid during the year for:
Interest	327,491	219,510
Income taxes	$ 7,995	$ 229,611

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	6 Months Ended
	Mar. 31, 2022USD ($)
Consolidated Statements of Cash Flows
Cash received	$ 250,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Stock	Additional Paid in Capital.	Retained Deficit	Treasury Stock	Total
Balance at Sep. 30, 2020	$ 1,484	$ 60,670,699	$ (34,848,032)	$ (122)	$ 25,824,029
Balance (in shares) at Sep. 30, 2020	13,621,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)			(1,959,133)		(1,959,133)
Accrued preferred dividends			(154,500)		(154,500)
Balance at Mar. 31, 2021	$ 1,484	60,670,699	(36,961,665)	(122)	23,710,396
Balance (in shares) at Mar. 31, 2021	13,621,406
Balance at Sep. 30, 2021	$ 1,484	60,670,699	(26,035,015)	(122)	34,637,046
Balance (in shares) at Sep. 30, 2021	13,621,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)			585,177		585,177
Preferred share redemption, net of accrued dividends at September 30, 2021		(1,210,525)			(1,210,525)
Preferred share conversion	$ 263				263
Preferred share conversion (in shares)	2,626,492
Balance at Mar. 31, 2022	$ 1,747	$ 59,460,174	$ (25,449,838)	$ (122)	$ 34,011,961
Balance (in shares) at Mar. 31, 2022	16,247,898

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	6 Months Ended
	Mar. 31, 2022
BUSINESS AND ORGANIZATION
BUSINESS AND ORGANIZATION	1. BUSINESS AND ORGANIZATION Energy Services of America Corporation (“Energy Services” or the “Company”), formed in 2006, is a contractor and service company that operates primarily in the mid-Atlantic region of the United States and provides services to customers in the natural gas, petroleum, water distribution, automotive, chemical, and power industries. C.J. Hughes Construction Company, Inc. (“C.J. Hughes”), a wholly owned subsidiary of the Company, is a general contractor primarily engaged in pipeline construction for utility companies. 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 Construction Services, Inc. (“Nitro”), a wholly owned subsidiary of C.J. Hughes, provides electrical, mechanical, HVAC/R, solar installation, and fire protection services to customers primarily in the automotive, chemical, and power industries. Pinnacle Technical Solutions, Inc. (“Pinnacle”), a wholly owned subsidiary of Nitro, operates as a data storage facility within Nitro’s office building. Pinnacle is supported by Nitro and has no employees of its own. All C.J. Hughes, Nitro, and Contractors Rental construction personnel are union members of various related construction trade unions and are subject to collective bargaining agreements that expire at varying time intervals. West Virginia Pipeline, Inc. (“West Virginia Pipeline”), a wholly owned subsidiary of Energy Services, operates as a gas and water distribution contractor primarily in southern West Virginia. The employees of West Virginia Pipeline are non-union and are managed independently from the Company's union subsidiaries. SQP Construction Group, Inc. (“SQP”), a wholly owned subsidiary of Energy Services, operates as a general contractor primarily in West Virginia. SQP engages in the construction and renovation of buildings and other civil construction projects for state and local government agencies and commercial customers. As a general contractor, SQP manages the overall construction project and subcontracts most of the work. The employees of SQP are non-union and are managed independently from the Company’s union subsidiaries. On April 29, 2022, Tri-State Paving Acquisition Company (“TSP”), a West Virginia corporation and a newly formed wholly owned subsidiary of the Company, completed the acquisition of Tri-State Paving & Sealcoat, LLC (“Tri-State Paving”), a West Virginia corporation located in Hurricane, WV. TSP acquired substantially all the assets of Tri-State Paving for $7.5 million in cash, a $1.0 million seller note, and $1.0 million in the Company’s common stock, which resulted in the issuance of 419,287 new common shares. TSP will provide utility paving services to water distribution customers in the Charleston, WV, Lexington, KY, and Chattanooga, TN markets. The employees of TSP will be non-union and managed independently from the Company’s union subsidiaries. Interim Financial Statements The accompanying unaudited consolidated 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 consolidated financial statements and footnotes thereto for the years ended September 30, 2021, and 2020 included in the Company’s Annual Report on Form 10-K filed with the SEC on December 29, 2021. 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 (“U.S. GAAP”) have been omitted pursuant to the 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 and six months ended March 31, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year or any other interim period. Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services, its wholly owned subsidiaries West Virginia Pipeline, SQP and C.J. Hughes and its subsidiaries, Contractors Rental, Nitro, and Pinnacle. All significant intercompany accounts and transactions have been eliminated in the consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services, West Virginia Pipeline, SQP, and C.J. Hughes and its subsidiaries. Use of Estimates and Assumptions The preparation of financial statements, in conformity with U.S. GAAP, 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Please refer to Note 2 “ Summary of Significant Accounting Policies

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Mar. 31, 2022
REVENUE RECOGNITION
REVENUE RECOGNITION	3. REVENUE RECOGNITION Our revenue is primarily derived from construction contracts that can span several quarters. We recognize revenue in accordance with Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606” or “Topic 606”) which provides for a five-step model for recognizing revenue from contracts with customers as follows: 1. Identify the contract 2. Identify performance obligations 3. Determine the transaction price 4. Allocate the transaction price 5. Recognize revenue The accuracy of our revenue and profit recognition in a given period depends on the accuracy of our estimates of the cost to complete each project. We believe our experience allows us to create materially reliable estimates. There are a number of factors that can contribute to changes in estimates of contract cost and profitability. The most significant of these include: ● the completeness and accuracy of the original bid; ● costs associated with scope changes; ● changes in costs of labor and/or materials; ● extended overhead and other costs due to owner, weather and other delays; ● subcontractor performance issues; ● changes in productivity expectations; ● site conditions that differ from those assumed in the original bid; ● changes from original design on design-build projects; ● the availability and skill level of workers in the geographic location of the project; ● a change in the availability and proximity of equipment and materials; ● our ability to fully and promptly recover on affirmative claims and back charges for additional contract costs; and ● the customer’s ability to properly administer the contract. The foregoing factors, as well as the stage of completion of contracts in process and the mix of contracts at different margins may cause fluctuations in gross profit from period to period. Significant changes in cost estimates, particularly in our larger, more complex projects, could have a significant effect on our profitability. Our contract assets include cost and estimated earnings in excess of billings that represent amounts earned and reimbursable under contracts, including claim recovery estimates, but have a conditional right for billing and payment such as achievement of milestones or completion of the project. With the exception of customer affirmative claims, generally, such unbilled amounts will become billable according to the contract terms and generally will be billed and collected over the next three months. Settlement with the customer of outstanding affirmative claims is dependent on the claims resolution process and could extend beyond one year. Based on our historical experience, we generally consider the collection risk related to billable amounts to be low. When events or conditions indicate that it is probable that the amounts outstanding become unbillable, the transaction price and associated contract asset is reduced. Our contract liabilities consist of provisions for losses and billings in excess of costs and estimated earnings. Provisions for losses, if incurred, are recognized in the consolidated statements of income at the uncompleted performance obligation level for the amount of total estimated losses in the period that evidence indicates that the estimated total cost of a performance obligation exceeds its estimated total revenue. Billings in excess of costs and estimated earnings are billings to customers on contracts in advance of work performed, including advance payments negotiated as a contract condition. Generally, unearned project-related costs will be earned over the next twelve months. ​

DISAGGREGATION OF REVENUE

DISAGGREGATION OF REVENUE	6 Months Ended
	Mar. 31, 2022
DISAGGREGATION OF REVENUE
DISAGGREGATION OF REVENUE	4. DISAGGREGATION OF REVENUE The Company disaggregates revenue based on the following lines of service: (1) Gas & Water Distribution, (2) Gas & Petroleum Transmission, and (3) Electrical, Mechanical, & General services and construction. Certain reclassifications have been made to the three and six months ended March 31, 2021, to reflect the current presentation. Our contract types are: Lump Sum, Unit Price, Cost Plus and Time and Materials (“T&M”). The following tables present our disaggregated revenue for the three and six months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 8,945,968 ​ $ 8,945,968 Unit price contracts ​ 10,653,195 ​ 8,534,679 ​ — ​ 19,187,874 Cost plus and T&M contracts ​ — ​ — ​ 7,258,736 ​ 7,258,736 Total revenue from contracts ​ $ 10,653,195 ​ $ 8,534,679 ​ $ 16,204,704 ​ $ 35,392,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 6,027,928 ​ $ 8,534,679 ​ $ 15,678,606 ​ $ 30,241,213 Earned at point in time ​ 4,625,267 ​ — ​ 526,098 ​ 5,151,365 Total revenue from contracts ​ $ 10,653,195 ​ $ 8,534,679 ​ $ 16,204,704 ​ $ 35,392,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas &Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 8,016,239 ​ $ 8,016,239 Unit price contracts ​ 8,184,326 ​ 2,763,768 ​ — ​ 10,948,094 Cost plus and T&M contracts ​ 420,812 ​ 919,244 ​ 5,301,023 ​ 6,641,079 Total revenue from contracts ​ $ 8,605,138 ​ $ 3,683,012 ​ $ 13,317,262 ​ $ 25,605,412 ​ ​ ​ ​ ​ Earned over time ​ $ 6,147,794 ​ $ 2,763,768 ​ $ 13,042,833 ​ $ 21,954,395 Earned at point in time ​ 2,457,344 ​ 919,244 ​ 274,429 ​ 3,651,017 Total revenue from contracts ​ $ 8,605,138 ​ $ 3,683,012 ​ $ 13,317,262 ​ $ 25,605,412 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 19,885,169 ​ $ 19,885,169 Unit price contracts ​ 22,615,229 ​ 19,773,196 ​ — ​ 42,388,425 Cost plus and T&M contracts ​ — ​ — ​ 15,778,109 ​ 15,778,109 Total revenue from contracts ​ $ 22,615,229 ​ $ 19,773,196 ​ $ 35,663,278 ​ $ 78,051,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 13,947,850 ​ $ 19,773,196 ​ $ 34,498,592 ​ $ 68,219,638 Earned at point in time ​ 8,667,379 ​ — ​ 1,164,686 ​ 9,832,065 Total revenue from contracts ​ $ 22,615,229 ​ $ 19,773,196 ​ $ 35,663,278 ​ $ 78,051,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 19,682,870 ​ $ 19,682,870 Unit price contracts ​ 15,315,965 ​ 11,166,360 ​ — ​ 26,482,325 Cost plus and T&M contracts ​ 420,812 ​ 1,209,244 ​ 9,819,957 ​ 11,450,013 Total revenue from contracts ​ $ 15,736,777 ​ $ 12,375,604 ​ $ 29,502,827 ​ $ 57,615,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 9,854,975 ​ $ 11,166,360 ​ $ 29,056,588 ​ $ 50,077,923 Earned at point in time ​ 5,881,802 ​ 1,209,244 ​ 446,239 ​ 7,537,285 Total revenue from contracts ​ $ 15,736,777 ​ $ 12,375,604 ​ $ 29,502,827 ​ $ 57,615,208 ​

CONTRACT BALANCES

CONTRACT BALANCES	6 Months Ended
	Mar. 31, 2022
CONTRACT BALANCES
CONTRACT BALANCES	5. CONTRACT BALANCES The Company’s accounts receivable consists of amounts that have been billed to customers. Collateral is generally not required. The Company’s contracts have billing terms including daily, weekly, monthly, and at project completion depending on the customer and contract agreement. Payment terms are generally within 30 During the three and six months ended March 31, 2022, the Company recognized revenue of $2.6 million that was included in the contract liability balance at September 30, 2021. Accounts receivable-trade, net of allowance for doubtful accounts, retentions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ September 30, 2021 ​ Change ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable-trade, net of allowance for doubtful accounts ​ $ 16,514,715 ​ $ 21,022,207 ​ $ (4,507,492) ​ ​ ​ ​ Contract assets ​ ​ ​ Cost and estimated earnings in excess of billings ​ $ 7,697,889 ​ $ 8,730,402 ​ $ (1,032,513) ​ ​ ​ ​ ​ ​ Contract liabilities ​ ​ ​ ​ ​ Billings in excess of cost and estimated earnings ​ $ 4,213,471 ​ $ 3,153,290 ​ $ 1,060,181 ​

PERFORMANCE OBLIGATIONS

PERFORMANCE OBLIGATIONS	6 Months Ended
	Mar. 31, 2022
PERFORMANCE OBLIGATIONS
PERFORMANCE OBLIGATIONS	6. PERFORMANCE OBLIGATIONS Generally, our contracts contain one performance obligation that is satisfied over time because our performance typically creates or enhances an asset that the customer controls as the asset is created or enhanced. We recognize revenue as performance obligations are satisfied and control of the promised good and service is transferred to the customer. Revenue is ordinarily recognized over time as control is transferred to the customers by measuring the progress toward complete satisfaction of the performance obligation(s) using an input (i.e., “cost-to-cost”) method. Under the cost-to-cost method, costs incurred to-date are generally the best depiction of transfer of control. All contract costs, including those associated with affirmative claims, change orders and back charges, are recorded as incurred and revisions to estimated total costs are reflected as soon as the obligation to perform is determined. Contract costs consist of direct costs on contracts, including labor and materials, amounts payable to subcontractors, direct overhead costs and equipment expense (primarily depreciation, fuel, maintenance and repairs). During the three and six months ended March 31, 2022, there was no revenue recognized as a result of changes in contract transaction price related to performance obligations that were satisfied prior to September 30, 2021. Changes in contract transaction price can result from such items as changes in projected profit, executed or estimated change orders, and unresolved contract modifications and claims. The Company does not sell warranties for its construction services. At March 31, 2022, the Company had $66.2 million in remaining unsatisfied performance obligations, in which revenue is expected to be recognized in less than twelve months.

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS	6 Months Ended
	Mar. 31, 2022
UNCOMPLETED CONTRACTS
UNCOMPLETED CONTRACTS	7. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts as of March 31, 2022, and September 30, 2021, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ September 30, 2021 Costs incurred on contracts in progress ​ $ 71,768,426 ​ $ 64,903,618 Estimated earnings, net of estimated losses ​ 10,841,378 ​ 13,280,334 ​ ​ 82,609,804 ​ 78,183,952 Less billings to date ​ 79,125,386 ​ 72,606,840 ​ ​ $ 3,484,418 ​ $ 5,577,112 Costs and estimated earnings in excess of billed on uncompleted contracts ​ ​ ​ ​ ​ ​ $ 7,697,889 ​ $ 8,730,402 ​ ​ ​ ​ ​ Less billings in excess of costs and estimated earnings on uncompleted contracts ​ 4,213,471 ​ 3,153,290 ​ ​ $ 3,484,418 ​ $ 5,577,112 ​ Backlog at March 31, 2022, and September 30, 2021, was $120.3 million and $72.2 million, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Mar. 31, 2022
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	8. FAIR VALUE MEASUREMENTS The fair value measurement guidance 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 measurement guidance of the FASB ASC 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. 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 short-term 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 $10.1 million at March 31, 2022, was $10.1 million. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $10.0 million at September 30, 2021, was $9.9 million. All current receivables and payables are carried at net realizable value which approximates fair value because of their short duration to maturity.

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE	6 Months Ended
	Mar. 31, 2022
(LOSS) EARNINGS PER SHARE
(LOSS) EARNINGS PER SHARE	9. (LOSS) EARNINGS PER SHARE The amounts used to compute the (loss) earnings per share for the three and six months ended March 31, 2022, and 2021 are summarized below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ ​ March 31, ​ March 31, ​ March 31, ​ March 31, ​ 2022 2021 2022 2021 Net (loss) income ​ $ (585,803) ​ $ (1,311,471) ​ $ 585,177 ​ $ (1,959,133) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends on preferred stock ​ — ​ 77,250 ​ ​ — ​ ​ 154,500 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income available to common shareholders ​ $ (585,803) ​ $ (1,388,721) ​ $ 585,177 ​ $ (2,113,633) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ 16,247,898 ​ 13,621,406 ​ ​ 16,247,898 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding-diluted ​ 16,247,898 ​ 13,621,406 ​ ​ 16,247,898 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share available to common shareholders ​ $ (0.04) ​ $ (0.10) ​ $ 0.04 ​ $ (0.16) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share available to common shareholders-diluted ​ $ (0.04) ​ $ (0.10) ​ $ 0.04 ​ $ (0.16) ​

INCOME TAXES

INCOME TAXES	6 Months Ended
	Mar. 31, 2022
INCOME TAXES
INCOME TAXES	10. INCOME TAXES The components of income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2022 March 31, 2021 Federal ​ ​ Current ​ $ — ​ $ (406,343) Deferred ​ (156,360) ​ 145,533 Total ​ ​ (156,360) ​ ​ (260,810) ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (116,382) Deferred ​ (44,103) ​ 41,666 Total ​ ​ (44,103) ​ ​ (74,716) ​ ​ ​ ​ ​ Total income tax benefit ​ $ (200,463) ​ $ (335,526) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ March 31, 2022 March 31, 2021 Federal ​ ​ Current ​ $ — ​ $ (483,723) Deferred ​ 229,180 ​ 168,747 Total ​ 229,180 ​ (314,976) ​ ​ ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (138,206) Deferred ​ 64,640 ​ 48,214 Total ​ 64,640 ​ (89,992) ​ ​ ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 293,820 ​ $ (404,968) ​ The effective income tax rate for the three months ended March 31, 2022, was (25.5) %, as compared to (20.4) % for the same period in 2021. The effective income tax rate for the six months ended March 31, 2022, was 33.4 %, as compared to (17.1) % for the same period in 2021. Effective income tax rates are estimates and may vary from period to period due to changes in the amount of taxable income and non-deductible expenses. Per diem paid to employees on construction projects and entertainment expenses are only partially deductible from taxable income and can have a significant impact on the effective tax rate. For the three months ended March 31, 2022, the non-deductible portion of per diem and entertainment expenses resulted in an approximate $106,000 increase in taxable income as compared to $221,000 for the same period in the prior year. For the six months ended March 31, 2022, the non-deductible portion of per diem and entertainment expenses resulted in an approximate $235,000 increase in taxable income as compared to $297,000 for the same period in the prior year. The income tax effects of temporary differences giving rise to the deferred tax assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ 2022 2021 Deferred tax liabilities ​ ​ Property and equipment ​ $ 4,444,778 ​ $ 4,883,398 Other ​ 527 ​ 37,582 Total deferred tax liabilities ​ $ 4,445,305 ​ $ 4,920,980 ​ ​ ​ ​ ​ Deferred income tax assets ​ ​ ​ ​ Other ​ $ 323,820 ​ $ 358,400 Net operating loss carryforward ​ ​ 1,855,987 ​ ​ 2,529,147 Total deferred tax assets ​ $ 2,179,807 ​ $ 2,887,547 ​ ​ ​ ​ ​ Total net deferred tax liabilities ​ $ 2,265,498 ​ $ 2,033,433 ​ 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 ended prior to September 30, 2018. 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 selling and administrative expenses.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	6 Months Ended
	Mar. 31, 2022
SHORT-TERM AND LONG-TERM DEBT
SHORT-TERM AND LONG-TERM DEBT	11. SHORT-TERM AND LONG-TERM DEBT Short-term debt consists of the following: On August 3, 2021, the Company received a one-year extension on its line of credit (“Operating Line of credit (2021)”) effective June 28, 2021. The $15.0 million revolving line of credit has a $12.5 million component and a $2.5 million component, each with separate borrowing requirements. The interest rate on the line of credit is the “Wall Street Journal” Prime Rate (the index) with a floor of 4.99%. Based on the borrowing base calculation, the Company was able to borrow up to $9.4 million and had no borrowings on the line of credit as of March 31, 2022. The interest rate at March 31, 2022, was 4.99%. Based on the borrowing base calculation, the Company was able to borrow up to $12.2 million as of September 30, 2021. The Company had $4.5 million in borrowings on the line of credit, leaving $7.7 million available on the line of credit as of September 30, 2021. The interest rate at September 30, 2021, was 4.99%. 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. Line of credit borrowings are collateralized by the Company’s accounts receivable. Cash available under the line is calculated based on 70.0% of the Company’s eligible accounts receivable. Under the terms of the agreement, the Company must meet the following loan covenants to access the first $12.5 million: 1. Minimum tangible net worth of $19.0 million to be measured quarterly, 2. Minimum traditional debt service coverage of 1.25x to be measured quarterly on a rolling twelve- month basis, 3. Minimum current ratio of 1.50x to be measured quarterly, 4. Maximum debt to tangible net worth ratio (“TNW”) of 2.0x to be measured semi-annually, 5. Full review of accounts receivable aging report and work in progress. The results of the review shall be satisfactory to the lender in its sole and unfettered discretion. Under the terms of the agreement, the Company must meet the following additional requirements for draw requests causing the borrowings to exceed $12.5 million: 1. Minimum traditional debt service coverage of 2.0x to be measured quarterly on a rolling twelve-month basis, 2. Minimum tangible net worth of $21.0 million to be measured quarterly. The Company believes it was in compliance with all covenants for the $12.5 million and $2.5 million components of the line of credit at March 31, 2022. 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. The Company makes a down payment in January and finances the remaining premium amount over ten monthly payments. In January 2022, the Company financed $3.4 million in insurance premiums. At March 31, 2022, there was a $2.2 million outstanding balance for insurance premiums financed. A summary of short-term and long-term debt as of March 31, 2022, and September 30, 2021, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ 2022 2021 Line of credit payable to bank, monthly interest at 4.99%, final payment due by June 28, 2022, guaranteed by certain directors of the Company. ​ $ — ​ $ 4,500,000 ​ ​ ​ ​ ​ Term note payable to United Bank, WV Pipeline acquisition, due in monthly installments of $64,853 interest at 4.25%, final payment due by March 25, 2026, secured by receivables and equipment, guaranteed by certain directors of the Company. ​ 2,859,795 ​ 3,183,548 ​ ​ ​ ​ ​ Notes payable to finance companies, due in monthly installments totaling $68,079 at March 31, 2022 and $70,062 at September 30, 2021, including interest ranging from 0.00% to 6.03%, final payments due April 2022 through August 2026, secured by equipment. ​ 976,543 ​ 1,066,581 ​ ​ ​ ​ ​ Note payable to finance company for insurance premiums financed, due in monthly installments totaling $282,000 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.50%, final payment November 2022. ​ 2,236,362 ​ 540,250 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 893,506 ​ 919,017 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 471,990 ​ 530,750 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 295,138 ​ 872,452 ​ ​ ​ ​ ​ Notes payable to David Bolton and Daniel Bolton, due in annual installments totaling $500,000, including interest at 3.25%, final payment due December 31, 2026, unsecured ​ 2,365,000 ​ 2,850,000 ​ ​ ​ ​ Notes payable to bank, interest at 4.25% of outstanding balance due monthly between August 2021 and January 2022. Note payments due in monthly installments totaling $68,073, including interest at 4.25% , beginning February 2022 with final payment due January 2026, secured by equipment, guaranteed by certain directors of the Company. ​ ​ 2,886,471 ​ ​ 3,000,000 ​ ​ ​ ​ ​ ​ ​ Total debt ​ ​ 12,984,805 ​ ​ 17,462,598 ​ ​ ​ ​ ​ Less current maturities ​ 5,105,490 ​ 8,441,824 ​ ​ ​ ​ ​ Total long term debt ​ $ 7,879,315 ​ $ 9,020,774 ​

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Mar. 31, 2022
ACQUISITIONS
ACQUISITIONS	1 2. ACQUISITIONS On December 31, 2020, Energy Services completed an asset purchase of West Virginia Pipeline, which became a wholly owned subsidiary of Energy Services that operates as a gas and water distribution contractor primarily in southern West Virginia. Energy Services paid $3.5 million in cash and acquired a $3.0 million seller note with a term of five years with an interest rate of 3.25%. The Company incurred approximately $150,000 in expenses related to the acquisition. West Virginia Pipeline earned revenues of $1.5 million and $3.8 million, respectively, for the three and six months ended March 31, 2022, and $1.2 million for the three and six months ended March 31, 2021. On April 30, 2021, the Company’s Nitro subsidiary completed an asset purchase of Revolt Energy, Inc. (“Revolt Energy”), a solar installation company located in Nitro, WV for $150,000 in cash. After the acquisition, Revolt Energy began to operate as a division within Nitro. Revolt Energy earned revenues of $468,000 and $725,000, respectively, for the three and six months ended March 31, 2022. ASC 805-10-50-2 requires public companies that present comparative financial statements to present pro forma financial statements as though the business combination that occurred during the current fiscal year had occurred as of the beginning of the comparable prior annual reporting period. As allowed under ASC 805-10-50-2, the Company finds this information impracticable to provide for the interim periods presented due to the lack of availability of meaningful financial statements of the acquired companies that comply with U.S. Generally Accepted Accounting Principles. Energy Services accounts for business combinations under the acquisition method in accordance with ASC Topic 805, Business Combinations. Accordingly, for each transaction, the purchase price is allocated to the fair value of the assets acquired and liabilities assumed as of the date of the acquisition. The purchase price allocation of each acquisition is allocated in the tables below: West Virginia Pipeline ​ ​ ​ ​ ​ Goodwill $ 1,814,317 Equipment and vehicles ​ 1,565,000 Building ​ 220,243 Land ​ 64,757 Customer relationships ​ 2,209,724 Tradename ​ ​ 263,584 Non-competes ​ 83,203 Cash received in acquisition ​ 250,000 Debt assumed in acquisition ​ (120,828) Purchase price ​ $ 6,350,000 ​ Revolt Energy ​ ​ ​ ​ ​ Equipment and vehicles $ 135,000 Non-compete agreement ​ ​ 100,000 Debt assumed in acquisition ​ (85,000) Purchase price ​ $ 150,000 ​ West Virginia Pipeline’s past financial performance, experienced management and workforce and relationships with its customers made it an attractive acquisition for the Company. Going back to 1963, West Virginia Pipeline has a long history of excellent work performance in southern West Virginia. Their geographic region compliments Energy Services as the two companies rarely competed for work previously. The goodwill generated by the acquisition is largely the result of the high return on capital generated by West Virginia Pipeline. While West Virginia Pipeline is managed separately from the Company’s other union operations, it is expected that relationships built by all the companies will help provide new opportunities within the organization. Revolt Energy’s reputation as a leading solar installation company in southern West Virginia made it an attractive acquisition and assisted Nitro’s entry into the growing solar installation industry. Prior to the acquisition, Revolt installed the solar panels and subcontracted the electrical work. The acquisition will now allow Nitro to self-perform the complete solar installation process. Nitro’s and Revolt’s common union affiliations align to give Nitro flexibility on both solar installations and commercial electrical work. On April 29, 2022, Tri-State Paving Acquisition Company ("TSP"), a West Virginia corporation and a newly formed wholly owned subsidiary of the Company, completed the acquisition of Tri-State Paving & Sealcoat, LLC ("Tri-State Paving"), a West Virginia corporation located in Hurricane, WV. TSP acquired substantially all the assets of Tri-State Paving for $7.5 million in cash, a $1.0 million seller note, and $1.0 million in the Company's common stock. TSP will provide utility paving services to water distribution customers in the Charleston, WV, Lexington, KY, and Chattanooga, TN markets. The employees of TSP will be non-union and managed independently from the Company's union subsidiaries.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	6 Months Ended
	Mar. 31, 2022
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	13. GOODWILL AND INTANGIBLE ASSETS The Company follows the guidance of ASC 350-20-35-3 Intangibles-Goodwill and Other (Topic 350) which requires a company to record an impairment charge based on the excess of a reporting unit’s carrying amount of goodwill over its fair value. Under the current guidance, companies can first choose to assess any impairment based on qualitative factors (Step 0). If a company fails this test or decides to bypass this step, it must proceed with a two-step quantitative assessment of goodwill impairment. The Company did not have a goodwill impairment at March 31, 2022 or September 30, 2021. A table of the Company’s goodwill is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, March 31, ​ 2021 2022 Beginning balance ​ $ — ​ $ 1,814,317 Acquired ​ 1,814,317 ​ — Impairment ​ — ​ — Ending balance ​ $ 1,814,317 ​ $ 1,814,317 ​ A table of the Company’s intangible assets subject to amortization at March 31, 2022, and September 30, 2021 is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization and ​ ​ ​ ​ ​ Remaining Life at ​ ​ ​ ​ Amortization at ​ Accumulated ​ Amortization and ​ Amortization and ​ Impairment Six ​ ​ ​ ​ March 31, ​ ​ March 31, Impairment at Impairment at Impairment at Months Ended ​ Net Book Intangible assets: 2022 Original Cost 2022 March 31, 2022 March 31, 2022 September 30, 2021 March 31, 2022 Value West Virginia Pipeline ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 105 months ​ $ 2,209,724 ​ $ 276,207 ​ $ — ​ $ 276,207 ​ $ 165,725 ​ $ 110,482 ​ $ 1,933,517 Tradename ​ 105 months ​ ​ 263,584 ​ ​ 32,954 ​ ​ — ​ ​ 32,954 ​ ​ 19,772 ​ ​ 13,182 ​ ​ 230,630 Non-competes 9 months ​ 83,203 ​ 52,004 ​ — ​ 52,004 ​ 31,202 ​ 20,802 ​ 31,199 Revolt Energy ​ ​ ​ ​ ​ ​ ​ Employment agreement/non-compete 25 months ​ 100,000 ​ 22,223 ​ 43,056 ​ 65,279 ​ 13,889 ​ 51,390 ​ 34,721 Total intangible assets ​ ​ ​ $ 2,656,511 ​ $ 383,388 ​ $ 43,056 ​ $ 426,444 ​ $ 230,588 ​ $ 195,856 ​ $ 2,230,067 ​ The amortization and impairment on identifiable intangible assets for the six months ended March 31, 2022 and 2021 was $195,856 and $0, respectively. The $43,000 intangible impairment charge for the six months ended March 31, 2022, was the result of a mutual parting of ways with a former employee. Amortization expense associated with the identifiable intangible assets is expected to be as follows: ​ ​ ​ ​ ​ April 2022-March 2023 ​ $ 295,199 April 2023-March 2024 ​ 264,000 April 2024-March 2025 ​ 248,717 April 2025-March 2026 ​ 247,332 April 2026-March 2027 ​ 247,332 After ​ 927,487 Total ​ $ 2,230,067 ​

LEASES

LEASES	6 Months Ended
	Mar. 31, 2022
LEASES
LEASES	14. LEASES The Company leases office space for SQP Construction Group for $1,500 per month. The lease, signed on March 25, 2021, is for a period of two years with five one-year renewals available immediately following the end of the base term. Rental terms for the option periods shall be negotiated and agreed mutually between the parties and shall not exceed five percent increases to rent, if any. The lease is expensed monthly and not treated as a right-to-use asset as it does not have a material impact on the Company’s consolidated financial statements. During the six months ended March 31, 2022, the Company entered into two lease agreements of construction equipment for a combined $160,000. The leases have a term of twenty-two months with a stated interest rate of 0%, combined monthly installment payments of $6,645 and are cancellable The Company rents equipment for use on construction projects with rental agreements being week to week or month to month. Rental expense can vary by fiscal year due to equipment requirements on construction projects and the availability of Company owned equipment. Rental expense, which is included in cost of goods sold on the consolidated statements of income, was $1.6 million and $900,000, respectively, for the three months ended March 31, 2022, and 2021 and $3.5 million and $1.9 million, respectively, for the six months ended March 31, 2022 and 2021.

PAYCHECK PROTECTION PROGRAM LOA

PAYCHECK PROTECTION PROGRAM LOANS	6 Months Ended
	Mar. 31, 2022
PAYCHECK PROTECTION PROGRAM LOANS
PAYCHECK PROTECTION PROGRAM LOANS	15 . PAYCHECK PROTECTION PROGRAM LOANS Due to the economic uncertainties created by COVID-19 and limited operating funds available, the Company applied for loans under the Paycheck Protection Program (“PPP”). On April 15, 2020, Energy Services of America Corporation and subsidiaries C.J. Hughes Construction Company, Contractors Rental Corporation and Nitro Construction Services, Inc. entered into separate Paycheck Protection Program notes effective April 7, 2020, with United Bank, Inc. as the lender (“Lender”) in an aggregate principal amount of $13,139,100 pursuant to the PPP (collectively, the “PPP Loan”). In a special meeting held on April 27, 2020, the Board of Directors of the Company unanimously voted to return $3.3 million of the PPP Loan funds after discussing the financing needs of the Company and subsidiaries. That left the Company and subsidiaries with $9.8 million in PPP Loans to fund operations. In fiscal year 2021, the Company received notice that the SBA had granted forgiveness and repaid $9.8 million of the PPP borrowings to the Lender. Borrowers must retain PPP documentation for at least 6 years after the date the loan is forgiven or paid in full, and the SBA and SBA Inspector General must be granted these files upon request. The SBA could still revisit its forgiveness decision and determine that the Company does not qualify in whole or in part for loan forgiveness and demand repayment of the loans. In addition, it is unknown what type of penalties could be assessed against the Company if the SBA disagrees with the Company’s certification. Any penalties in addition to the potential return of the PPP Loan could negatively impact the Company’s business, financial condition and results of operations and prospects.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Mar. 31, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS On April 29, 2022, Tri-State Paving Acquisition Company ("TSP"), a West Virginia corporation and a newly formed wholly owned subsidiary of the Company, completed the acquisition of Tri-State Paving & Sealcoat, LLC ("Tri-State Paving"), a West Virginia corporation located in Hurricane, WV. TSP acquired substantially all the assets of Tri-State Paving for $7.5 million in cash, a $1.0 million seller note, and $1.0 million in the Company's common stock, which resulted in the issuance of 419,287 new common shares. TSP will provide utility paving services to water distribution customers in the Charleston, WV, Lexington, KY, and Chattanooga, TN markets. The employees of TSP will be non-union and managed independently from the Company's union subsidiaries. Management has evaluated all subsequent events for accounting and disclosure. There have been no other material events during the period, other than noted above, that would either impact the results reflected in the report or the Company’s results going forward.

BUSINESS AND ORGANIZATION (Poli

BUSINESS AND ORGANIZATION (Policies)	6 Months Ended
	Mar. 31, 2022
BUSINESS AND ORGANIZATION
Interim Financial Statements	Interim Financial Statements The accompanying unaudited consolidated 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 consolidated financial statements and footnotes thereto for the years ended September 30, 2021, and 2020 included in the Company’s Annual Report on Form 10-K filed with the SEC on December 29, 2021. 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 (“U.S. GAAP”) have been omitted pursuant to the 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 and six months ended March 31, 2022 and 2021 are not necessarily indicative of the results to be expected for the full year or any other interim period.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services, its wholly owned subsidiaries West Virginia Pipeline, SQP and C.J. Hughes and its subsidiaries, Contractors Rental, Nitro, and Pinnacle. All significant intercompany accounts and transactions have been eliminated in the consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services, West Virginia Pipeline, SQP, and C.J. Hughes and its subsidiaries.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements, in conformity with U.S. GAAP, 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.

DISAGGREGATION OF REVENUE (Tabl

DISAGGREGATION OF REVENUE (Tables)	6 Months Ended
	Mar. 31, 2022
DISAGGREGATION OF REVENUE
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 8,945,968 ​ $ 8,945,968 Unit price contracts ​ 10,653,195 ​ 8,534,679 ​ — ​ 19,187,874 Cost plus and T&M contracts ​ — ​ — ​ 7,258,736 ​ 7,258,736 Total revenue from contracts ​ $ 10,653,195 ​ $ 8,534,679 ​ $ 16,204,704 ​ $ 35,392,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 6,027,928 ​ $ 8,534,679 ​ $ 15,678,606 ​ $ 30,241,213 Earned at point in time ​ 4,625,267 ​ — ​ 526,098 ​ 5,151,365 Total revenue from contracts ​ $ 10,653,195 ​ $ 8,534,679 ​ $ 16,204,704 ​ $ 35,392,578 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas &Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 8,016,239 ​ $ 8,016,239 Unit price contracts ​ 8,184,326 ​ 2,763,768 ​ — ​ 10,948,094 Cost plus and T&M contracts ​ 420,812 ​ 919,244 ​ 5,301,023 ​ 6,641,079 Total revenue from contracts ​ $ 8,605,138 ​ $ 3,683,012 ​ $ 13,317,262 ​ $ 25,605,412 ​ ​ ​ ​ ​ Earned over time ​ $ 6,147,794 ​ $ 2,763,768 ​ $ 13,042,833 ​ $ 21,954,395 Earned at point in time ​ 2,457,344 ​ 919,244 ​ 274,429 ​ 3,651,017 Total revenue from contracts ​ $ 8,605,138 ​ $ 3,683,012 ​ $ 13,317,262 ​ $ 25,605,412 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 19,885,169 ​ $ 19,885,169 Unit price contracts ​ 22,615,229 ​ 19,773,196 ​ — ​ 42,388,425 Cost plus and T&M contracts ​ — ​ — ​ 15,778,109 ​ 15,778,109 Total revenue from contracts ​ $ 22,615,229 ​ $ 19,773,196 ​ $ 35,663,278 ​ $ 78,051,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 13,947,850 ​ $ 19,773,196 ​ $ 34,498,592 ​ $ 68,219,638 Earned at point in time ​ 8,667,379 ​ — ​ 1,164,686 ​ 9,832,065 Total revenue from contracts ​ $ 22,615,229 ​ $ 19,773,196 ​ $ 35,663,278 ​ $ 78,051,703 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended March 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 19,682,870 ​ $ 19,682,870 Unit price contracts ​ 15,315,965 ​ 11,166,360 ​ — ​ 26,482,325 Cost plus and T&M contracts ​ 420,812 ​ 1,209,244 ​ 9,819,957 ​ 11,450,013 Total revenue from contracts ​ $ 15,736,777 ​ $ 12,375,604 ​ $ 29,502,827 ​ $ 57,615,208 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 9,854,975 ​ $ 11,166,360 ​ $ 29,056,588 ​ $ 50,077,923 Earned at point in time ​ 5,881,802 ​ 1,209,244 ​ 446,239 ​ 7,537,285 Total revenue from contracts ​ $ 15,736,777 ​ $ 12,375,604 ​ $ 29,502,827 ​ $ 57,615,208

CONTRACT BALANCES (Tables)

CONTRACT BALANCES (Tables)	6 Months Ended
	Mar. 31, 2022
CONTRACT BALANCES
Schedule of accounts receivable-trade, net of allowance for doubtful accounts, retainages receivable, contract assets and contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ September 30, 2021 ​ Change ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable-trade, net of allowance for doubtful accounts ​ $ 16,514,715 ​ $ 21,022,207 ​ $ (4,507,492) ​ ​ ​ ​ Contract assets ​ ​ ​ Cost and estimated earnings in excess of billings ​ $ 7,697,889 ​ $ 8,730,402 ​ $ (1,032,513) ​ ​ ​ ​ ​ ​ Contract liabilities ​ ​ ​ ​ ​ Billings in excess of cost and estimated earnings ​ $ 4,213,471 ​ $ 3,153,290 ​ $ 1,060,181

UNCOMPLETED CONTRACTS (Tables)

UNCOMPLETED CONTRACTS (Tables)	6 Months Ended
	Mar. 31, 2022
UNCOMPLETED CONTRACTS
Schedule of costs, estimated earnings and billings on uncompleted contracts	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ September 30, 2021 Costs incurred on contracts in progress ​ $ 71,768,426 ​ $ 64,903,618 Estimated earnings, net of estimated losses ​ 10,841,378 ​ 13,280,334 ​ ​ 82,609,804 ​ 78,183,952 Less billings to date ​ 79,125,386 ​ 72,606,840 ​ ​ $ 3,484,418 ​ $ 5,577,112 Costs and estimated earnings in excess of billed on uncompleted contracts ​ ​ ​ ​ ​ ​ $ 7,697,889 ​ $ 8,730,402 ​ ​ ​ ​ ​ Less billings in excess of costs and estimated earnings on uncompleted contracts ​ 4,213,471 ​ 3,153,290 ​ ​ $ 3,484,418 ​ $ 5,577,112

(LOSS) EARNINGS PER SHARE (Tabl

(LOSS) EARNINGS PER SHARE (Tables)	6 Months Ended
	Mar. 31, 2022
(LOSS) EARNINGS PER SHARE
Schedule to compute the (loss) earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Six Months Ended ​ Six Months Ended ​ ​ March 31, ​ March 31, ​ March 31, ​ March 31, ​ 2022 2021 2022 2021 Net (loss) income ​ $ (585,803) ​ $ (1,311,471) ​ $ 585,177 ​ $ (1,959,133) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends on preferred stock ​ — ​ 77,250 ​ ​ — ​ ​ 154,500 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income available to common shareholders ​ $ (585,803) ​ $ (1,388,721) ​ $ 585,177 ​ $ (2,113,633) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ 16,247,898 ​ 13,621,406 ​ ​ 16,247,898 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding-diluted ​ 16,247,898 ​ 13,621,406 ​ ​ 16,247,898 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share available to common shareholders ​ $ (0.04) ​ $ (0.10) ​ $ 0.04 ​ $ (0.16) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) earnings per share available to common shareholders-diluted ​ $ (0.04) ​ $ (0.10) ​ $ 0.04 ​ $ (0.16)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Mar. 31, 2022
INCOME TAXES
Schedule of components of income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ March 31, 2022 March 31, 2021 Federal ​ ​ Current ​ $ — ​ $ (406,343) Deferred ​ (156,360) ​ 145,533 Total ​ ​ (156,360) ​ ​ (260,810) ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (116,382) Deferred ​ (44,103) ​ 41,666 Total ​ ​ (44,103) ​ ​ (74,716) ​ ​ ​ ​ ​ Total income tax benefit ​ $ (200,463) ​ $ (335,526) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six Months Ended ​ March 31, 2022 March 31, 2021 Federal ​ ​ Current ​ $ — ​ $ (483,723) Deferred ​ 229,180 ​ 168,747 Total ​ 229,180 ​ (314,976) ​ ​ ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (138,206) Deferred ​ 64,640 ​ 48,214 Total ​ 64,640 ​ (89,992) ​ ​ ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 293,820 ​ $ (404,968) ​
Schedule of income tax effects to deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ 2022 2021 Deferred tax liabilities ​ ​ Property and equipment ​ $ 4,444,778 ​ $ 4,883,398 Other ​ 527 ​ 37,582 Total deferred tax liabilities ​ $ 4,445,305 ​ $ 4,920,980 ​ ​ ​ ​ ​ Deferred income tax assets ​ ​ ​ ​ Other ​ $ 323,820 ​ $ 358,400 Net operating loss carryforward ​ ​ 1,855,987 ​ ​ 2,529,147 Total deferred tax assets ​ $ 2,179,807 ​ $ 2,887,547 ​ ​ ​ ​ ​ Total net deferred tax liabilities ​ $ 2,265,498 ​ $ 2,033,433

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	6 Months Ended
	Mar. 31, 2022
SHORT-TERM AND LONG-TERM DEBT
Schedule of summary of short-term and long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ September 30, ​ 2022 2021 Line of credit payable to bank, monthly interest at 4.99%, final payment due by June 28, 2022, guaranteed by certain directors of the Company. ​ $ — ​ $ 4,500,000 ​ ​ ​ ​ ​ Term note payable to United Bank, WV Pipeline acquisition, due in monthly installments of $64,853 interest at 4.25%, final payment due by March 25, 2026, secured by receivables and equipment, guaranteed by certain directors of the Company. ​ 2,859,795 ​ 3,183,548 ​ ​ ​ ​ ​ Notes payable to finance companies, due in monthly installments totaling $68,079 at March 31, 2022 and $70,062 at September 30, 2021, including interest ranging from 0.00% to 6.03%, final payments due April 2022 through August 2026, secured by equipment. ​ 976,543 ​ 1,066,581 ​ ​ ​ ​ ​ Note payable to finance company for insurance premiums financed, due in monthly installments totaling $282,000 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.50%, final payment November 2022. ​ 2,236,362 ​ 540,250 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 893,506 ​ 919,017 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 471,990 ​ 530,750 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 295,138 ​ 872,452 ​ ​ ​ ​ ​ Notes payable to David Bolton and Daniel Bolton, due in annual installments totaling $500,000, including interest at 3.25%, final payment due December 31, 2026, unsecured ​ 2,365,000 ​ 2,850,000 ​ ​ ​ ​ Notes payable to bank, interest at 4.25% of outstanding balance due monthly between August 2021 and January 2022. Note payments due in monthly installments totaling $68,073, including interest at 4.25% , beginning February 2022 with final payment due January 2026, secured by equipment, guaranteed by certain directors of the Company. ​ ​ 2,886,471 ​ ​ 3,000,000 ​ ​ ​ ​ ​ ​ ​ Total debt ​ ​ 12,984,805 ​ ​ 17,462,598 ​ ​ ​ ​ ​ Less current maturities ​ 5,105,490 ​ 8,441,824 ​ ​ ​ ​ ​ Total long term debt ​ $ 7,879,315 ​ $ 9,020,774

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Mar. 31, 2022
West Virginia Pipeline
Asset Acquisition [Line Items]
Schedule of allocation of purchase price	​ ​ ​ ​ ​ Goodwill $ 1,814,317 Equipment and vehicles ​ 1,565,000 Building ​ 220,243 Land ​ 64,757 Customer relationships ​ 2,209,724 Tradename ​ ​ 263,584 Non-competes ​ 83,203 Cash received in acquisition ​ 250,000 Debt assumed in acquisition ​ (120,828) Purchase price ​ $ 6,350,000
Revolt Energy
Asset Acquisition [Line Items]
Schedule of allocation of purchase price	​ ​ ​ ​ ​ Equipment and vehicles $ 135,000 Non-compete agreement ​ ​ 100,000 Debt assumed in acquisition ​ (85,000) Purchase price ​ $ 150,000

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	6 Months Ended
	Mar. 31, 2022
GOODWILL AND INTANGIBLE ASSETS
Summary of changes in goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, March 31, ​ 2021 2022 Beginning balance ​ $ — ​ $ 1,814,317 Acquired ​ 1,814,317 ​ — Impairment ​ — ​ — Ending balance ​ $ 1,814,317 ​ $ 1,814,317
Schedule of intangible assets subject to amortization	The Company follows the guidance of ASC 350-20-35-3 Intangibles-Goodwill and Other (Topic 350) which requires a company to record an impairment charge based on the excess of a reporting unit’s carrying amount of goodwill over its fair value. Under the current guidance, companies can first choose to assess any impairment based on qualitative factors (Step 0). If a company fails this test or decides to bypass this step, it must proceed with a two-step quantitative assessment of goodwill impairment. The Company did not have a goodwill impairment at March 31, 2022 or September 30, 2021. A table of the Company’s goodwill is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, March 31, ​ 2021 2022 Beginning balance ​ $ — ​ $ 1,814,317 Acquired ​ 1,814,317 ​ — Impairment ​ — ​ — Ending balance ​ $ 1,814,317 ​ $ 1,814,317 ​ A table of the Company’s intangible assets subject to amortization at March 31, 2022, and September 30, 2021 is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization and ​ ​ ​ ​ ​ Remaining Life at ​ ​ ​ ​ Amortization at ​ Accumulated ​ Amortization and ​ Amortization and ​ Impairment Six ​ ​ ​ ​ March 31, ​ ​ March 31, Impairment at Impairment at Impairment at Months Ended ​ Net Book Intangible assets: 2022 Original Cost 2022 March 31, 2022 March 31, 2022 September 30, 2021 March 31, 2022 Value West Virginia Pipeline ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 105 months ​ $ 2,209,724 ​ $ 276,207 ​ $ — ​ $ 276,207 ​ $ 165,725 ​ $ 110,482 ​ $ 1,933,517 Tradename ​ 105 months ​ ​ 263,584 ​ ​ 32,954 ​ ​ — ​ ​ 32,954 ​ ​ 19,772 ​ ​ 13,182 ​ ​ 230,630 Non-competes 9 months ​ 83,203 ​ 52,004 ​ — ​ 52,004 ​ 31,202 ​ 20,802 ​ 31,199 Revolt Energy ​ ​ ​ ​ ​ ​ ​ Employment agreement/non-compete 25 months ​ 100,000 ​ 22,223 ​ 43,056 ​ 65,279 ​ 13,889 ​ 51,390 ​ 34,721 Total intangible assets ​ ​ ​ $ 2,656,511 ​ $ 383,388 ​ $ 43,056 ​ $ 426,444 ​ $ 230,588 ​ $ 195,856 ​ $ 2,230,067 ​
Schedule of amortization on identifiable intangible assets	​ ​ ​ ​ ​ April 2022-March 2023 ​ $ 295,199 April 2023-March 2024 ​ 264,000 April 2024-March 2025 ​ 248,717 April 2025-March 2026 ​ 247,332 April 2026-March 2027 ​ 247,332 After ​ 927,487 Total ​ $ 2,230,067

BUSINESS AND ORGANIZATION (Deta

BUSINESS AND ORGANIZATION (Details) - Subsequent event - Tri-State Paving Acquisition Company $ in Millions	Apr. 29, 2022USD ($)shares
Cash consideration for acquiring assets	$ 7.5
Seller note as consideration for acquiring assets	1
Common Stock
Common stock, issuance value	$ 1
Common stock, issuance shares | shares	419,287

DISAGGREGATION OF REVENUE (Deta

DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total revenue from contracts	$ 35,392,578	$ 25,605,412	$ 78,051,703	$ 57,615,208
Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	30,241,213	21,954,395	68,219,638	50,077,923
Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	5,151,365	3,651,017	9,832,065	7,537,285
Lump sum contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	8,945,968	8,016,239	19,885,169	19,682,870
Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	19,187,874	10,948,094	42,388,425	26,482,325
Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	7,258,736	6,641,079	15,778,109	11,450,013
Gas & Water Distribution
Disaggregation of Revenue [Line Items]
Total revenue from contracts	10,653,195	8,605,138	22,615,229	15,736,777
Gas & Water Distribution | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	6,027,928	6,147,794	13,947,850	9,854,975
Gas & Water Distribution | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	4,625,267	2,457,344	8,667,379	5,881,802
Gas & Water Distribution | Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	10,653,195	8,184,326	22,615,229	15,315,965
Gas & Water Distribution | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts		420,812		420,812
Gas & Petroleum Transmission
Disaggregation of Revenue [Line Items]
Total revenue from contracts	8,534,679	3,683,012	19,773,196	12,375,604
Gas & Petroleum Transmission | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	8,534,679	2,763,768	19,773,196	11,166,360
Gas & Petroleum Transmission | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts		919,244		1,209,244
Gas & Petroleum Transmission | Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	8,534,679	2,763,768	19,773,196	11,166,360
Gas & Petroleum Transmission | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts		919,244		1,209,244
Electrical, Mechanical, and General
Disaggregation of Revenue [Line Items]
Total revenue from contracts	16,204,704	13,317,262	35,663,278	29,502,827
Electrical, Mechanical, and General | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	15,678,606	13,042,833	34,498,592	29,056,588
Electrical, Mechanical, and General | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	526,098	274,429	1,164,686	446,239
Electrical, Mechanical, and General | Lump sum contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	8,945,968	8,016,239	19,885,169	19,682,870
Electrical, Mechanical, and General | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	$ 7,258,736	$ 5,301,023	$ 15,778,109	$ 9,819,957

CONTRACT BALANCES (Details)

CONTRACT BALANCES (Details) - USD ($)	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
CONTRACT BALANCES
Accounts receivable-trade, net of allowance for doubtful accounts	$ 16,514,715		$ 21,022,207
Change in accounts receivable-trade, net of allowance for doubtful accounts	(4,507,492)	$ 136,068
Contract assets
Cost and estimated earnings in excess of billings	7,697,889		8,730,402
Change in cost and estimated earnings in excess of billings	(1,032,513)	(2,258,082)
Contract liabilities
Less billings in excess of costs and estimated earnings on uncompleted contracts	4,213,471		$ 3,153,290
Change in billings in excess of cost and estimated earnings	$ 1,060,181	$ (1,352,136)

CONTRACT BALANCES - Additional

CONTRACT BALANCES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2022
Contract Balances [Line Items]
Recognized revenue included in contract liability	$ 2.6	$ 2.6
Minimum
Contract Balances [Line Items]
Billing and payment term		30 days
Maximum
Contract Balances [Line Items]
Billing and payment term		45 days

PERFORMANCE OBLIGATIONS (Detail

PERFORMANCE OBLIGATIONS (Details)	3 Months Ended	6 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022USD ($)
PERFORMANCE OBLIGATIONS
Recognized revenue	$ 0	$ 0
Amount of remaining unsatisfied performance obligations	$ 66,200,000	$ 66,200,000

UNCOMPLETED CONTRACTS - Summary

UNCOMPLETED CONTRACTS - Summary of costs, estimated earnings, and billings on uncompleted contracts (Details) - USD ($)	Mar. 31, 2022	Sep. 30, 2021
UNCOMPLETED CONTRACTS
Costs incurred on contracts in progress	$ 71,768,426	$ 64,903,618
Estimated earnings, net of estimated losses	10,841,378	13,280,334
Costs of uncompleted contracts including net estimated earnings	82,609,804	78,183,952
Less billings to date	79,125,386	72,606,840
Unbilled Contracts	3,484,418	5,577,112
Costs and estimated earnings in excess of billed on uncompleted contracts	7,697,889	8,730,402
Less billings in excess of costs and estimated earnings on uncompleted contracts	4,213,471	3,153,290
Unbilled contracts receivable	$ 3,484,418	$ 5,577,112

UNCOMPLETED CONTRACTS - Backlog

UNCOMPLETED CONTRACTS - Backlog (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
UNCOMPLETED CONTRACTS
Backlog	$ 120.3	$ 72.2

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Mar. 31, 2022	Sep. 30, 2021
FAIR VALUE MEASUREMENTS
Debt principal amount	$ 10.1	$ 10
Debt fair value	$ 10.1	$ 9.9

(LOSS) EARNINGS PER SHARE (Deta

(LOSS) EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
(LOSS) EARNINGS PER SHARE
Net (loss) income	$ (585,803)	$ (1,311,471)	$ 585,177	$ (1,959,133)
Dividends on preferred stock		77,250		154,500
(Loss) income available to common shareholders	$ (585,803)	$ (1,388,721)	$ 585,177	$ (2,113,633)
Weighted average shares outstanding	16,247,898	13,621,406	16,247,898	13,621,406
Weighted average shares outstanding-diluted	16,247,898	13,621,406	16,247,898	13,621,406
(Loss) earnings per share available to common shareholders	$ (0.04)	$ (0.10)	$ 0.04	$ (0.16)
(Loss) earnings per share available to common shareholders-diluted	$ (0.04)	$ (0.10)	$ 0.04	$ (0.16)

INCOME TAXES - Components of in

INCOME TAXES - Components of income taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Federal
Current		$ (406,343)		$ (483,723)
Deferred	$ (156,360)	145,533	$ 229,180	168,747
Total	(156,360)	(260,810)	229,180	(314,976)
State
Current		(116,382)		(138,206)
Deferred	(44,103)	41,666	64,640	48,214
Total	(44,103)	(74,716)	64,640	(89,992)
Total income tax (benefit) expense	$ (200,463)	$ (335,526)	$ 293,820	$ (404,968)

INCOME TAXES - Summary of incom

INCOME TAXES - Summary of income tax effects of temporary differences giving rise to the deferred tax assets and liabilities (Details) - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Deferred income tax liabilities
Property and equipment	$ 4,444,778	$ 4,883,398
Other	527	37,582
Total deferred income tax liabilities	4,445,305	4,920,980
Deferred income tax assets
Other	323,820	358,400
Net operating loss carryforward	1,855,987	2,529,147
Total deferred income tax assets	2,179,807	2,887,547
Total net deferred income tax liabilities	$ 2,265,498	$ 2,033,433

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
INCOME TAXES
Effective income tax rate	25.50%	20.40%	33.40%	17.10%
Increase in taxable income due to non deductible expense	$ 106,000	$ 221,000	$ 235,000	$ 297,000

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Details) - USD ($)	Mar. 31, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total debt	$ 12,984,805	$ 17,462,598
Less current maturities	5,105,490	8,441,824
Total long term debt	7,879,315	9,020,774
Line of credit payable to bank, final payment due by June 28, 2022
Debt Instrument [Line Items]
Total debt		4,500,000
Notes payable to bank, monthly interest rate at 4.25%, final payment due January 2026
Debt Instrument [Line Items]
Total debt	2,886,471	3,000,000
Note payable to finance company for insurance premiums financed final due November 2022 in monthly installments
Debt Instrument [Line Items]
Total debt	2,236,362	540,250
Notes payable to bank, final due by November 2034
Debt Instrument [Line Items]
Total debt	893,506	919,017
Notes payable to bank, final due by November 2025
Debt Instrument [Line Items]
Total debt	471,990	530,750
Notes payable to bank due September 2022
Debt Instrument [Line Items]
Total debt	295,138	872,452
Notes payable to David and Daniel Bolton due final payment December 31, 2026
Debt Instrument [Line Items]
Total debt	2,365,000	2,850,000
Notes payable to bank final due by 25 March 2026
Debt Instrument [Line Items]
Total debt	2,859,795	3,183,548
Notes payable to finance companies due April 2022 through August 2026
Debt Instrument [Line Items]
Total debt	$ 976,543	$ 1,066,581

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Parenthetical) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2022	Sep. 30, 2021
Notes payable to bank final due by 25 March 2026
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 64,853
Interest rate	4.25%
Notes payable to finance companies due April 2022 through August 2026
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 68,079	$ 70,062
Notes payable to finance companies due April 2022 through August 2026 | Minimum
Debt Instrument [Line Items]
Interest rate	0.00%
Notes payable to finance companies due April 2022 through August 2026 | Maximum
Debt Instrument [Line Items]
Interest rate	6.03%
Notes payable to bank, final due by November 2034
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 7,799
Interest rate	4.82%
Notes payable to bank, final due by November 2025
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 11,602
Interest rate	4.25%
Notes payable to bank due September 2022
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 98,865
Interest rate	4.99%
Notes payable to David and Daniel Bolton due final payment December 31, 2026
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 500,000
Interest rate	3.25%
Line of credit payable to bank, final payment due by June 28, 2022
Debt Instrument [Line Items]
Interest rate	4.99%
Notes payable to bank, monthly interest rate at 4.25%, final payment due January 2026
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 68,073
Interest rate	4.25%
Note payable to finance company for insurance premiums financed final due November 2022 in monthly installments
Debt Instrument [Line Items]
Note payable in monthly or Annual installments	$ 282,000	$ 272,000
Interest rate	3.50%

SHORT-TERM AND LONG-TERM DEBT_3

SHORT-TERM AND LONG-TERM DEBT - Interest rates (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Jan. 31, 2020	Sep. 30, 2021	Mar. 31, 2022
Line of Credit Facility [Line Items]
Line of credit		$ 4.5
Insurance policy amount	$ 3.4
Insurance policy premium outstanding			$ 2.2
Financing agreement "Operating Line of Credit (2021)"
Line of Credit Facility [Line Items]
Line of credit			0
Financing agreement Operating Line of Credit (2021)
Line of Credit Facility [Line Items]
Amount available to borrowing			9.4
United Bank, Inc. | 2.5 million component
Line of Credit Facility [Line Items]
Amount of loan covenants			2.5
United Bank, Inc. | Financing agreement "Operating Line of Credit (2021)"
Line of Credit Facility [Line Items]
Line of credit			$ 15
Interest rate on the line of credit description			“Wall Street Journal” Prime Rate
Interest rate on line of credit			4.99%
Interest Rate		4.99%	4.99%
Amount repaid against the line of credit		$ 12.2
Percentage of eligible accounts receivable			70.00%
Amount of loan covenants			$ 12.5
Minimum tangible net worth			$ 19
Minimum traditional debt service coverage ratio			1.25x
Minimum current ratio			1.50x
Maximum debt to tangible net worth ratio			2.0x
Amount of minimum tangible net worth			$ 21
Traditional debt service coverage ratio			2.0x
United Bank, Inc. | Financing agreement "Operating Line of Credit (2021)" | 12.5 million component
Line of Credit Facility [Line Items]
Amount borrowed against the line of credit			$ 12.5
Amount available to borrowing		$ 7.7
United Bank, Inc. | Financing agreement "Operating Line of Credit (2021)" | 2.5 million component
Line of Credit Facility [Line Items]
Line of credit			$ 2.5

ACQUISITIONS - Tangible and int

ACQUISITIONS - Tangible and intangible assets acquired and liabilities assumed, the purchase price allocations (Details) - USD ($)	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2020
Business Acquisition [Line Items]
Goodwill	$ 1,814,317	$ 1,814,317
Property, Plant and Equipment, Net, Total	22,577,578	22,950,019
Intangible assets, net	2,230,067	$ 2,425,923
West Virginia Pipeline
Business Acquisition [Line Items]
Goodwill	1,814,317
Cash received in acquisition	250,000
Debt assumed in acquisition	(120,828)
Purchase price	6,350,000
West Virginia Pipeline | Non-competes
Business Acquisition [Line Items]
Intangible assets, net	83,203
West Virginia Pipeline | Customer relationships
Business Acquisition [Line Items]
Intangible assets, net	2,209,724
West Virginia Pipeline | Tradename
Business Acquisition [Line Items]
Intangible assets, net	263,584
West Virginia Pipeline | Equipment and vehicles
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	1,565,000
West Virginia Pipeline | Building
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	220,243
West Virginia Pipeline | Land
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	64,757
Revolt Energy
Business Acquisition [Line Items]
Debt assumed in acquisition	(85,000)
Purchase price	150,000
Revolt Energy | Non-competes
Business Acquisition [Line Items]
Intangible assets, net	100,000
Revolt Energy | Equipment and vehicles
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	$ 135,000

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - USD ($)	Apr. 29, 2022	Apr. 30, 2021	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022	Mar. 31, 2021
Subsequent event | Tri-State Paving Acquisition Company
Asset Acquisition [Line Items]
Payments to acquire business gross	$ 7,500,000
Acquired substantially all the assets in cash	7,500,000
Seller note	1,000,000
Issuance amount	$ 1,000,000
West Virginia Pipeline
Asset Acquisition [Line Items]
Cash consideration			$ 3,500,000
Seller note as consideration for acquiring assets			$ 3,000,000
Term of debt			5 years
Interest Rate			3.25%
Acquisition Expenses			$ 150,000
Revenues				$ 1,500,000	$ 1,200,000	$ 3,800,000	$ 1,200,000
Revolt Energy
Asset Acquisition [Line Items]
Cash consideration		$ 150,000
Revenue earned				$ 468,000		$ 725,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2022	Sep. 30, 2021
Goodwill
Beginning balance	$ 1,814,317
Acquired		1,814,317
Impairment
Ending balance	$ 1,814,317	$ 1,814,317

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible assets subject to amortization (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2022	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Original cost	$ 2,656,511	$ 2,656,511
Accumulated Amortization	383,388	383,388
Accumulated Impairment	43,056	43,056		$ 230,588
Amortization and Impairment	426,444	195,856
Net Book Value	2,230,067	2,230,067
Amortization on identifiable intangible assets		195,856	$ 0
Impairment on intangible assets		$ 43,000
Non-competes
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets		9 months
Original cost	83,203	$ 83,203
Accumulated Amortization	52,004	52,004
Accumulated Impairment				31,202
Amortization and Impairment	52,004	20,802
Net Book Value	31,199	$ 31,199
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets		105 months
Original cost	2,209,724	$ 2,209,724
Accumulated Amortization	276,207	276,207
Accumulated Impairment				165,725
Amortization and Impairment	276,207	110,482
Net Book Value	1,933,517	$ 1,933,517
Tradename
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets		105 months
Original cost	263,584	$ 263,584
Accumulated Amortization	32,954	32,954
Accumulated Impairment				19,772
Amortization and Impairment	32,954	13,182
Net Book Value	230,630	$ 230,630
Employment agreement/non-compete
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets		25 months
Original cost	100,000	$ 100,000
Accumulated Amortization	22,223	22,223
Accumulated Impairment	43,056	43,056		$ 13,889
Amortization and Impairment	65,279	51,390
Net Book Value	$ 34,721	$ 34,721

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Identifiable intangible assets (Details)	Mar. 31, 2022USD ($)
Amortization expense
April 2022-March 2023	$ 295,199
April 2023-March 2024	264,000
April 2024-March 2025	248,717
April 2025-March 2026	247,332
April 2026-March 2027	247,332
After	927,487
Total	$ 2,230,067

LEASES (Details)

LEASES (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)
LEASES
Operating lease payments			$ 1,500
Number of financing leases entered | item			2
Term of finance leases	22 months		22 months
Option to cancel the finance lease			false
Finance lease, interest rate	0.00%		0.00%
Finance lease, monthly installment payments			$ 6,645
Finance lease, Value	$ 160,000		160,000
Rental expense	$ 1,600,000	$ 900,000	$ 3,500,000	$ 1,900,000

PAYCHECK PROTECTION PROGRAM L_2

PAYCHECK PROTECTION PROGRAM LOANS (Details) - USD ($)	Apr. 27, 2020	Mar. 31, 2022	Sep. 30, 2021	Apr. 28, 2020	Apr. 07, 2020
Debt Instrument [Line Items]
Debt principal amount		$ 10,100,000	$ 10,000,000
PPP Funds
Debt Instrument [Line Items]
Debt principal amount					$ 13,139,100
Debt amount, returned	$ 3,300,000
Debt forgiveness granted			$ 9,800,000
Available amount to fund operations				$ 9,800,000
Number of years documentation to be retained		6 years

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent event - Tri-State Paving Acquisition Company $ in Millions	Apr. 29, 2022USD ($)shares
Subsequent Event [Line Items]
Acquired substantially all the assets in cash	$ 7.5
Seller note	1
Issuance amount	$ 1
Issuance share | shares	419,287