Energy Services of America (ESOA) 10-Q 15 Aug 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2022	Aug. 12, 2022
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 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
Security Exchange Name	NASDAQ
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	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Current assets
Cash and cash equivalents	$ 5,395,397	$ 8,226,739
Accounts receivable-trade	24,178,711	21,092,517
Allowance for doubtful accounts	(70,310)	(70,310)
Retainage receivable	3,139,114	917,526
Other receivables	53,557	543,328
Contract assets	11,937,080	8,730,402
Prepaid expenses and other	4,469,924	3,541,000
Total current assets	49,103,473	42,981,202
Property, plant and equipment, at cost	70,120,945	61,145,705
less accumulated depreciation	(40,560,524)	(38,195,686)
Total fixed assets	29,560,421	22,950,019
Right-of-use assets-operating lease	348,002
Intangible assets, net	4,010,557	2,425,923
Goodwill	4,087,554	1,814,317
Total assets	87,110,007	70,171,461
Current liabilities
Current maturities of long-term debt	4,331,308	3,401,574
Lines of credit and short term borrowings	3,508,341	5,040,250
Accounts payable	11,335,924	7,285,392
Accrued expenses and other current liabilities	7,828,858	5,599,702
Contract liabilities	6,014,875	3,153,290
Income tax payable	100,000
Total current liabilities	33,119,306	24,480,208
Long-term debt, less current maturities	14,429,759	9,020,774
Deferred tax liability	2,878,649	2,033,433
Total liabilities	50,427,714	35,534,415
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares, none issued at June 30, 2022 and 206 issued at September 30, 2021
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,885,615 issued and 16,667,185 outstanding at June 30, 2022 and 14,839,836 issued and 13,621,406 outstanding at September 30, 2021	1,789	1,484
Treasury stock, 1,218,430 shares at June 30, 2022 and September 30, 2021	(122)	(122)
Additional paid in capital	60,508,350	60,670,699
Retained deficit	(23,827,724)	(26,035,015)
Total shareholders' equity	36,682,293	34,637,046
Total liabilities and shareholders' equity	$ 87,110,007	$ 70,171,461

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 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	17,885,615	14,839,836
Common stock, shares outstanding	16,667,185	13,621,406
Treasury stock, shares	1,218,430	1,218,430

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Consolidated Statements of Income
Revenue	$ 51,171,939	$ 25,285,951	$ 129,223,642	$ 82,901,159
Cost of revenues	44,754,346	22,580,340	114,632,057	75,478,966
Gross profit	6,417,593	2,705,611	14,591,585	7,422,193
Selling and administrative expenses	3,821,043	3,207,864	10,870,677	10,627,607
Income (loss) from operations	2,596,550	(502,253)	3,720,908	(3,205,414)
Other income (expense)
Interest income		108	576	151,877
Paycheck Protection Program loan forgiveness		9,799,100		9,799,100
Other nonoperating expense	(174,957)	(35,833)	(438,195)	(121,343)
Interest expense	(206,394)	(136,995)	(548,885)	(356,505)
Gain on sale of equipment	58,311	135,269	418,103	627,580
Other nonoperating income (expense), Total	(323,040)	9,761,649	(568,401)	10,100,709
Income before income taxes	2,273,510	9,259,396	3,152,507	6,895,295
Income tax (benefit) expense	651,396	(53,844)	945,216	(458,812)
Net income	1,622,114	9,313,240	2,207,291	7,354,107
Dividends on preferred stock		77,250		231,750
Net income available to common shareholders	$ 1,622,114	$ 9,235,990	$ 2,207,291	$ 7,122,357
Weighted average shares outstanding-basic	16,449,829	13,621,406	16,270,499	13,621,406
Weighted average shares outstanding-diluted	16,449,829	17,089,722	16,270,499	17,089,722
Earnings per share available to common shareholders	$ 0.10	$ 0.68	$ 0.14	$ 0.52
Earnings per share-diluted available to common shareholders	$ 0.10	$ 0.54	$ 0.14	$ 0.42

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 2,207,291	$ 7,354,107
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation expense	4,006,663	3,469,723
Paycheck Protection Program loan forgiveness		(9,799,100)
Gain on sale of equipment	(418,103)	(627,580)
Provision for deferred taxes	845,216	(717,269)
Amortization of intangible assets	307,698	0
Amortization of right-of-use assets	17,377
Accreted interest on note payable	27,326
(Increase) decrease in contracts receivable	(3,086,194)	3,936,155
(Increase) decrease in retainage receivable	(2,221,588)	1,475,863
Decrease (increase) in other receivables	489,771	(1,103,499)
Increase in contract assets	(3,206,678)	(674,444)
Decrease (increase) in prepaid expenses and other	2,424,047	(775,505)
Increase (decrease) in accounts payable	4,050,532	(2,107,138)
Increase (decrease) in accrued expenses and other current liabilities	2,229,419	(1,085,299)
Increase (decrease) in contract liabilities	2,861,585	(1,223,272)
Increase in income taxes payable	100,000	50,000
Net cash provided by (used in) operating activities	10,634,362	(1,827,258)
Cash flows from investing activities:
Acquisition of Revolt Energy		(150,000)
Acquisition of West Virginia Pipeline, net of cash received of $250,000		(3,250,000)
Investment in property and equipment	(4,671,687)	(7,385,469)
Proceeds from sales of property and equipment	643,603	693,291
Net cash used in investing activities	(4,028,084)	(10,092,178)
Cash flows from financing activities:
Preferred stock redemption	(1,210,525)
Preferred dividends paid		(309,000)
Borrowings on lines of credit and short term debt, net of (repayments)	(4,884,880)	5,335,542
Principal payments on long term debt	(3,342,215)	(2,053,278)
Net cash (used in) provided by financing activities	(9,437,620)	2,973,264
Decrease in cash and cash equivalents	(2,831,342)	(8,946,172)
Cash and cash equivalents beginning of period	8,226,739	11,216,820
Cash and cash equivalents end of period	5,395,397	2,270,648
Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	461,784	349,139
Prepaid insurance premiums financed	3,352,971	3,213,402
Note payable to finance West Virginia Pipeline acquisition		3,000,000
Note payable to refinance short-term borrowing		3,500,000
Accrued dividends on preferred stock		231,750
Debt assumed in acquisitions	390,445	205,829
Sellers' note Tri-State Paving acquisition	936,000
Note payable to finance Tri-State Paving acquisition	7,500,000
Common stock issued to finance Tri-State Paving acquisition	1,048,218
Par value of common stock issued from preferred stock conversion	263
Operating lease right-of-use assets obtained in exchange for lease liability	365,379
Cash paid during the year for:
Interest	548,885	356,505
Income taxes	$ 6,706	$ 229,611

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parentheticals)	9 Months Ended
	Jun. 30, 2022 USD ($)
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)			(647,662)		(647,662)
Accrued preferred dividends			(77,250)		(77,250)
Balance at Dec. 31, 2020	$ 1,484	60,670,699	(35,572,944)	(122)	25,099,117
Balance (in shares) at Dec. 31, 2020	13,621,406
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)					7,354,107
Balance at Jun. 30, 2021	$ 1,484	60,670,699	(27,725,675)	(122)	32,946,386
Balance (in shares) at Jun. 30, 2021	13,621,406
Balance at Dec. 31, 2020	$ 1,484	60,670,699	(35,572,944)	(122)	25,099,117
Balance (in shares) at Dec. 31, 2020	13,621,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)			(1,311,471)		(1,311,471)
Accrued preferred dividends			(77,250)		(77,250)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)			9,313,240		9,313,240
Accrued preferred dividends			(77,250)		(77,250)
Balance at Jun. 30, 2021	$ 1,484	60,670,699	(27,725,675)	(122)	32,946,386
Balance (in shares) at Jun. 30, 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)			1,170,980		1,170,980
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 Dec. 31, 2021	$ 1,747	59,460,174	(24,864,035)	(122)	34,597,764
Balance (in shares) at Dec. 31, 2021	16,247,898
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)					2,207,291
Balance at Jun. 30, 2022	$ 1,789	60,508,350	(23,827,724)	(122)	36,682,293
Balance (in shares) at Jun. 30, 2022	16,667,185
Balance at Dec. 31, 2021	$ 1,747	59,460,174	(24,864,035)	(122)	34,597,764
Balance (in shares) at Dec. 31, 2021	16,247,898
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)			(585,803)		(585,803)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (Loss)			1,622,114		1,622,114
Shares issued for Tri-State Paving acquisition	$ 42	1,048,176			1,048,218
Shares issued for Tri-State Paving acquisition (in shares)	419,287
Balance at Jun. 30, 2022	$ 1,789	$ 60,508,350	$ (23,827,724)	$ (122)	$ 36,682,293
Balance (in shares) at Jun. 30, 2022	16,667,185

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	9 Months Ended
	Jun. 30, 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. Tri-State Paving & Sealcoating, Inc. The employees of TSP are non-union and are 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 nine months ended June 30, 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, TSP, 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, TSP, 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	9 Months Ended
	Jun. 30, 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	9 Months Ended
	Jun. 30, 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	9 Months Ended
	Jun. 30, 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. 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 nine months ended June 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 13,033,786 ​ $ 13,033,786 Unit price contracts ​ 13,667,005 ​ 15,443,917 ​ — ​ 29,110,922 Cost plus and T&M contracts ​ — ​ — ​ 9,027,231 ​ 9,027,231 Total revenue from contracts ​ $ 13,667,005 ​ $ 15,443,917 ​ $ 22,061,017 ​ $ 51,171,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 3,315,407 ​ $ 15,443,917 ​ $ 21,269,782 ​ $ 40,029,106 Earned at point in time ​ 10,351,598 ​ — ​ 791,235 ​ 11,142,833 Total revenue from contracts ​ $ 13,667,005 ​ $ 15,443,917 ​ $ 22,061,017 ​ $ 51,171,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas &Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 6,622,372 ​ $ 6,622,372 Unit price contracts ​ 11,645,327 ​ 1,967,647 ​ — ​ 13,612,974 Cost plus and T&M contracts ​ 135,659 ​ — ​ 4,914,946 ​ 5,050,605 Total revenue from contracts ​ $ 11,780,986 ​ $ 1,967,647 ​ $ 11,537,318 ​ $ 25,285,951 ​ ​ ​ ​ ​ Earned over time ​ $ 10,783,990 ​ $ 1,967,647 ​ $ 11,283,091 ​ $ 24,034,728 Earned at point in time ​ 996,996 ​ — ​ 254,227 ​ 1,251,223 Total revenue from contracts ​ $ 11,780,986 ​ $ 1,967,647 ​ $ 11,537,318 ​ $ 25,285,951 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 32,918,955 ​ $ 32,918,955 Unit price contracts ​ 36,282,234 ​ 35,217,113 ​ — ​ 71,499,347 Cost plus and T&M contracts ​ — ​ — ​ 24,805,340 ​ 24,805,340 Total revenue from contracts ​ $ 36,282,234 ​ $ 35,217,113 ​ $ 57,724,295 ​ $ 129,223,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 17,263,257 ​ $ 35,217,113 ​ $ 55,768,374 ​ $ 108,248,744 Earned at point in time ​ 19,018,977 ​ — ​ 1,955,921 ​ 20,974,898 Total revenue from contracts ​ $ 36,282,234 ​ $ 35,217,113 ​ $ 57,724,295 ​ $ 129,223,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 26,305,242 ​ $ 26,305,242 Unit price contracts ​ 26,961,292 ​ 13,134,007 ​ — ​ 40,095,299 Cost plus and T&M contracts ​ 556,471 ​ 1,209,244 ​ 14,734,903 ​ 16,500,618 Total revenue from contracts ​ $ 27,517,763 ​ $ 14,343,251 ​ $ 41,040,145 ​ $ 82,901,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 20,638,965 ​ $ 13,134,007 ​ $ 40,339,679 ​ $ 74,112,651 Earned at point in time ​ 6,878,798 ​ 1,209,244 ​ 700,466 ​ 8,788,508 Total revenue from contracts ​ $ 27,517,763 ​ $ 14,343,251 ​ $ 41,040,145 ​ $ 82,901,159 ​

CONTRACT BALANCES

CONTRACT BALANCES	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 2022, the Company recognized revenue of $328,000 and $2.6 million, respectively, that was included in the contract liability balance at September 30, 2021. Accounts receivable-trade, net of allowance for doubtful accounts, retentions ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 September 30, 2021 Change ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable-trade, net of allowance for doubtful accounts ​ $ 24,108,401 ​ $ 21,022,207 ​ $ 3,086,194 ​ ​ ​ ​ Contract assets ​ ​ ​ Cost and estimated earnings in excess of billings ​ $ 11,937,080 ​ $ 8,730,402 ​ $ 3,206,678 ​ ​ ​ ​ ​ ​ Contract liabilities ​ ​ ​ ​ ​ Billings in excess of cost and estimated earnings ​ $ 6,014,875 ​ $ 3,153,290 ​ $ 2,861,585 ​

PERFORMANCE OBLIGATIONS

PERFORMANCE OBLIGATIONS	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 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 June 30, 2022, the Company had $71.1 million in remaining unsatisfied performance obligations, in which revenue is expected to be recognized in less than twelve months.

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS	9 Months Ended
	Jun. 30, 2022
UNCOMPLETED CONTRACTS
UNCOMPLETED CONTRACTS	7. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts as of June 30, 2022, and September 30, 2021, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 September 30, 2021 Costs incurred on contracts in progress ​ $ 91,041,602 ​ $ 64,903,618 Estimated earnings, net of estimated losses ​ 13,060,983 ​ 13,280,334 ​ ​ 104,102,585 ​ 78,183,952 Less billings to date ​ 98,180,380 ​ 72,606,840 ​ ​ $ 5,922,205 ​ $ 5,577,112 ​ ​ ​ ​ ​ ​ ​ Costs and estimated earnings in excess of billed on uncompleted contracts ​ $ 11,937,080 ​ $ 8,730,402 ​ ​ ​ ​ ​ ​ ​ Less billings in excess of costs and estimated earnings on uncompleted contracts ​ 6,014,875 ​ 3,153,290 ​ ​ $ 5,922,205 ​ $ 5,577,112 ​ Backlog at June 30, 2022, and September 30, 2021, was $135.0 million and $72.2 million, respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 30, 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 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 $17.4 million at June 30, 2022, was $17.3 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.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jun. 30, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	9. EARNINGS PER SHARE The amounts used to compute the earnings per share for the three and nine months ended June 30, 2022, and 2021 are summarized below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Nine Months Ended ​ Nine Months Ended ​ ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Net income ​ $ 1,622,114 ​ $ 9,313,240 ​ $ 2,207,291 ​ $ 7,354,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends on preferred stock ​ — ​ 77,250 ​ ​ — ​ ​ 231,750 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income available to common shareholders ​ $ 1,622,114 ​ $ 9,235,990 ​ $ 2,207,291 ​ $ 7,122,357 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ 16,449,829 ​ 13,621,406 ​ ​ 16,270,499 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding-diluted ​ 16,449,829 ​ 17,089,722 ​ ​ 16,270,499 ​ ​ 17,089,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share available to common shareholders ​ $ 0.10 ​ $ 0.68 ​ $ 0.14 ​ $ 0.52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share available to common shareholders-diluted ​ $ 0.10 ​ $ 0.54 ​ $ 0.14 ​ $ 0.42 ​

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2022
INCOME TAXES
INCOME TAXES	10. INCOME TAXES The components of income taxes are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ June 30, 2022 June 30, 2021 Federal ​ ​ Current ​ $ 100,000 ​ $ (433,621) Deferred ​ 408,087 ​ 390,724 Total ​ ​ 508,087 ​ ​ (42,897) ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (120,532) Deferred ​ 143,309 ​ 109,585 Total ​ ​ 143,309 ​ ​ (10,947) ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 651,396 ​ $ (53,844) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ June 30, 2022 June 30, 2021 Federal ​ ​ Current ​ $ 100,000 ​ $ (917,344) Deferred ​ 637,268 ​ 559,471 Total ​ 737,268 ​ (357,873) ​ ​ ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (258,738) Deferred ​ 207,948 ​ 157,799 Total ​ 207,948 ​ (100,939) ​ ​ ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 945,216 ​ $ (458,812) ​ The effective income tax rate for the three months ended June 30, 2022, was 28.7%, as compared to (0.60)% for the same period in 2021. The effective income tax rate for the nine months ended June 30, 2022, was 30.0 %, as compared to (6.7)% 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. On June 16, 2021, the Company received notice that the SBA had granted forgiveness and repaid $9.8 million of Paycheck Protection Program (“PPP”) borrowings to its lender. The forgiveness was recorded as “other nonoperating income” for the three and nine months ended June 30, 2021. According to the CARES Act passed by Congress in March 2020, PPP loan forgiveness is not taxable. In accordance with the Consolidated Appropriations Act, 2021, the Company’s PPP related expenditures in fiscal year 2020 were considered deductible expenses for federal income tax purposes. The PPP forgiveness had a significant impact on the effective income tax rate for the three and nine months ended June 30, 2021, as taxable income was decreased by $9.8 million. The income tax effects of temporary differences giving rise to the deferred tax assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ September 30, ​ 2022 2021 Deferred tax liabilities ​ ​ Property and equipment ​ $ 4,980,722 ​ $ 4,883,398 Other ​ 2,863 ​ 37,582 Total deferred tax liabilities ​ $ 4,983,585 ​ $ 4,920,980 ​ ​ ​ ​ ​ Deferred income tax assets ​ ​ ​ ​ Other ​ $ 314,633 ​ $ 358,400 Net operating loss carryforward ​ ​ 1,790,303 ​ ​ 2,529,147 Total deferred tax assets ​ $ 2,104,936 ​ $ 2,887,547 ​ ​ ​ ​ ​ Total net deferred tax liabilities ​ $ 2,878,649 ​ $ 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	9 Months Ended
	Jun. 30, 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 July 13, 2022, the Company received a one-year extension on its line of credit (“Operating Line of credit (2022)”) effective June 28, 2022. 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 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 $21.5 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 1.5x 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 $24.0 million to be measured quarterly. The Company was not in compliance with all covenants but received a waiver on the $12.5 million component of the line of credit at June 30, 2022. The Company projects to be in compliance with all covenants for the next twelve months. 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 June 30, 2022, there was a $1.4 million outstanding balance for insurance premiums financed. A summary of short-term and long-term debt as of June 30, 2022, and September 30, 2021, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ September 30, ​ 2022 2021 Line of credit payable to bank, monthly interest at 4.99%, expiring on June 28, 2022 (extended to June 30, 2023), guaranteed by certain directors of the Company. ​ $ 2,100,000 ​ $ 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. ​ 2,695,331 ​ 3,183,549 ​ ​ ​ ​ ​ Notes payable to finance companies, due in monthly installments totaling $75,000 at June 30, 2022 and $70,062 at September 30, 2021, including interest ranging from 0.00% to 6.03%, final payments due July 2022 through August 2026, secured by equipment. ​ 1,081,899 ​ 1,066,580 ​ ​ ​ ​ ​ Note payable to finance company for insurance premiums financed, due in monthly installments totaling $279,000 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.50%, final payment November 2022. ​ 1,408,341 ​ 540,250 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 880,522 ​ 919,017 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 442,198 ​ 530,750 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ — ​ 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 ​ 2,372,500 ​ 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. ​ ​ 2,713,375 ​ ​ 3,000,000 ​ ​ ​ ​ ​ ​ ​ Term note payable to United Bank, Tri-State Paving acquisition, due in monthly installments of $140,000 including interest at 4.50%, final payment due by June 1, 2027, secured by receivables and equipment, guaranteed by certain directors of the Company. ​ ​ 7,293,787 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Notes payable to Corns Enterprises, $1,000,000 with fair value of $936,000, due in annual installments totaling $250,000, including interest at 3.50%, final payment due April 29, 2026, unsecured ​ ​ 938,667 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Operating lease liability payable to third party, $129,198, due in monthly installments totaling $5,537, final payment due May 31, 2024, unsecured ​ ​ 124,041 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Operating lease liability payable to Corns Enterprises, $236,201, due in monthly installments totaling $7,000, final payment due April 29, 2025, unsecured ​ ​ 218,747 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Total debt ​ $ 22,269,408 ​ $ 17,462,598 ​ ​ ​ ​ ​ Less current maturities ​ 7,839,649 ​ 8,441,824 ​ ​ ​ ​ ​ Total long term debt ​ $ 14,429,759 ​ $ 9,020,774 ​

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Jun. 30, 2022
ACQUISITIONS
ACQUISITIONS	1 2. ACQUISITIONS On April 29, 2022, the Company completed the acquisition of Tri-State Paving & Sealcoating, LLC (“Tri-State Paving, LLC”), located in Hurricane, West Virginia. Tri-State Paving, LLC was later renamed to Corns Enterprises (“Seller”). Pursuant to the Asset Purchase Agreement (“Agreement”) signed on April 6, 2022, and amended on April 29, 2022, the Company acquired substantially all the assets (including but not limited to customer contracts, employees, and equipment) of Tri-State Paving, LLC for $7.5 million in cash, a $1.0 million Promissory Note (“Note”), and $1.0 million in Energy Services Common Stock (“Stock”). The $7.5 million in cash was funded through a loan with United Bank, Inc., Huntington, West Virginia. David E. Corns continued his role as President of the Company’s new subsidiary, Tri-State Paving & Sealcoating, Inc., which earned revenues of $2.0 million for the three and nine months ended June 30, 2022. As part of the Agreement, the Company entered into a four-year, $1.0 million Note with a fair value of $936,000 that requires $250,000 principal installment payments on or before the end of each twelve (12) full calendar month period beginning on the date of the Note, April 29, 2022. Interest payments due shall be calculated on the principal balance remaining and shall be at the annual rate of 3.5% which equates to 6.85% on the carrying value of the Note. Additionally, the Seller received $1.0 million in Stock pursuant to an exemption under The Securities Act of 1933. Based on the market value calculation in the Agreement, the Seller received 419,287 shares of Stock. As an additional consideration, if the share price of the Stock is below a closing asking price of $1.50 per share on the date 180 days after issuance, the Company shall pay the Seller, in cash, the difference between $1.50 and the market value for each share of Stock. Payment would be made within thirty ( 30 Energy Services accounts for business combinations under the acquisition method in accordance with ASC Topic 805, Business Combinations. Accordingly, for the transaction, the purchase price is allocated to the fair value of the assets acquired and liabilities assumed as of the date of the acquisition. In conjunction with ASC 805, upon receipt of final fair value estimates during the measurement period, which must be within one year of the acquisition date, Energy Services records any adjustments to the preliminary fair value estimates in the reporting period in which the adjustments are determined. The Company is continuing to finalize the purchase price allocations related to the Tri-State Paving acquisition. The purchase price for the non-cash Tri-State Paving acquisition is allocated in the table below: ​ ​ ​ ​ ​ Property and equipment $ 5,709,094 Goodwill ​ 2,273,237 Customer relationships ​ 1,649,159 Non-compete ​ 39,960 Tradename ​ ​ 203,213 Total ​ $ 9,874,663 ​ 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 company that comply with U.S. GAAP.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Jun. 30, 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 June 30, 2022 or September 30, 2021. A table of the Company’s goodwill is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ 2022 2021 Beginning balance ​ $ 1,814,317 ​ $ — Acquired ​ 2,273,237 ​ 1,814,317 Ending balance ​ $ 4,087,554 ​ $ 1,814,317 ​ A table of the Company’s intangible assets subject to amortization at June 30, 2022, and September 30, 2021 is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization and ​ ​ ​ ​ ​ Remaining Life at ​ ​ ​ ​ Amortization and ​ Amortization and ​ Impairment Nine ​ ​ ​ ​ June 30, ​ ​ Impairment at Impairment at Months Ended ​ Net Book Intangible assets: 2022 Original Cost June 30, 2022 September 30, 2021 June 30, 2022 Value West Virginia Pipeline ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 102 months ​ $ 2,209,724 ​ $ 331,451 ​ $ 165,725 ​ $ 165,726 ​ $ 1,878,273 Tradename ​ 102 months ​ ​ 263,584 ​ ​ 39,545 ​ ​ 19,772 ​ ​ 19,773 ​ ​ 224,039 Non-competes 6 months ​ 83,203 ​ 62,405 ​ 31,202 ​ 31,203 ​ 20,798 Revolt Energy ​ ​ ​ ​ ​ Employment agreement/non-compete 22 months ​ 100,000 ​ 69,445 ​ 13,889 ​ 55,556 ​ 30,555 Tri-State Paving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 118 months ​ ​ 1,649,159 ​ ​ 25,552 ​ ​ — ​ ​ 25,552 ​ ​ 1,623,607 Tradename ​ 118 months ​ ​ 203,213 ​ ​ 3,288 ​ ​ — ​ ​ 3,288 ​ ​ 199,925 Non-competes ​ 10 months ​ ​ 39,960 ​ ​ 6,600 ​ ​ — ​ ​ 6,600 ​ ​ 33,360 Total intangible assets ​ ​ ​ $ 4,548,843 ​ $ 538,286 ​ $ 230,588 ​ $ 307,698 ​ $ 4,010,557 ​ The amortization and impairment on identifiable intangible assets for the three months ended June 30, 2022 and 2021 was $112,000 and $0, respectively. The amortization and impairment on identifiable intangible assets for the nine months ended June 30, 2022 and 2021 was $307,698 and $0, respectively. Amortization expense associated with the identifiable intangible assets is expected to be as follows: ​ ​ ​ ​ ​ July 2022-June 2023 $ 503,395 July 2023-June 2024 ​ 446,456 July 2024-June 2025 ​ 432,569 July 2025-June 2026 ​ 432,569 July 2026-June 2027 ​ 432,569 After ​ 1,762,998 Total ​ $ 4,010,557 ​

LEASES

LEASES	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 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 at any time without penalty. The Company has the right to purchase the equipment at the expiration of the leases by applying the two-month deposit paid. The right-of-use assets and operating lease obligations associated with these lease agreements are included in the consolidated balance sheets within property, plant and equipment and long-term debt, respectively, and do not have a material impact on the Company’s financial statements. The Company entered into two operating leases for office facilities subsequent to the Tri-State Paving acquisition on April 29, 2022. Information on the operating leases can be found below: Operating Lease-Weighted Average Remaining Term ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years left Remaining liability Lease end Fiscal year end Operating lease 1 ​ 2.8 ​ $ 231,000 4/30/2025 2025 Operating lease 2 ​ 1.9 ​ 129,343 5/31/2024 2024 ​ ​ ​ ​ ​ $ 360,343 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining term ​ ​ ​ ​ 2.5 ​ Operating Lease Maturity Schedule ​ ​ ​ ​ ​ July 2022-June 2023 $ 150,609 July 2023-June 2024 ​ 146,734 July 2024-June 2025 ​ 63,000 ​ ​ $ 360,343 Less amounts representing interest ​ (17,555) Present value of operating lease liabilities ​ $ 342,788 ​ Operating Lease Expense ​ ​ ​ ​ ​ ​ ​ ​ ​ Three and nine Three and nine ​ ​ months ended ​ months ended ​ ​ June 30, 2022 ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Amortization ​ ​ Operating lease 1 ​ $ 12,305 ​ $ — Operating lease 2 ​ 5,072 ​ — Total amortization ​ $ 17,377 ​ $ — Interest ​ ​ Operating lease 1 ​ $ 1,695 ​ $ — Operating lease 2 ​ 465 ​ — Total interest ​ $ 2,160 ​ $ — Total amortization and interest ​ $ 19,537 ​ $ — ​ Cash Paid for Operating Leases ​ ​ ​ ​ ​ ​ ​ ​ ​ Three and nine Three and nine ​ ​ months ended ​ months ended ​ ​ June 30, 2022 ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Operating lease 1 ​ $ 14,000 ​ $ — Operating lease 2 ​ 5,537 ​ — ​ ​ $ 19,537 ​ $ — ​ The leases include both lease (e.g., fixed payments including rent, taxes, and insurance costs) and non-lease components which are accounted for as a single lease component as the Company has elected the practical expedient to group lease and non-lease components for all leases. The Company’s leases include options to renew. The exercise of lease renewal options is at the Company’s sole discretion. Therefore, the renewals to extend the lease terms are not included in the Company’s right-of-use assets and lease liabilities as they are not reasonably certain of exercise. The Company regularly evaluates the renewal options and when they are reasonably certain of exercise, the Company includes the renewal period in its lease term. The Company used its incremental borrowing rate of approximately 4.5% in determining the present value of the lease payments based on the information available at the lease commencement date. 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 $1.7 million and $646,000, respectively, for the three months ended June 30, 2022, and 2021 and $5.3 million and $2.5 million, respectively, for the nine months ended June 30, 2022 and 2021.

PAYCHECK PROTECTION PROGRAM LOA

PAYCHECK PROTECTION PROGRAM LOANS	9 Months Ended
	Jun. 30, 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	9 Months Ended
	Jun. 30, 2022
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	16. SUBSEQUENT EVENTS On July 6, 2022, the Company issued a press release announcing that the Company’s Board of Directors authorized a share repurchase program (the “Program”), pursuant to which the Company may, from time to time, purchase shares of its common stock for an aggregate repurchase not to exceed 1,000,000 shares, which is approximately 6.0% of its outstanding common stock. The Program does not obligate the Company to purchase any particular number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Company. To date, no shares have been repurchased through the Program. On August 11, 2022, the Company acquired substantially all the assets of Ryan Environmental, LLC (“Debtor”), located in Bridgeport, West Virginia after having its bid previously accepted by the United States Bankruptcy Court for the Northern District of West Virginia. In the transaction, the Company paid $2.5 million at closing for substantially all the vehicles, equipment, small tools, and accounts receivable. In separate transactions, the Company will assume the Debtor’s vehicle leases with Enterprise Fleet Management for approximately $1.1 million and purchased equipment from a related party of the Debtor for approximately $1.0 million. 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)	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 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, TSP, 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, TSP, 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)	9 Months Ended
	Jun. 30, 2022
DISAGGREGATION OF REVENUE
Schedule of disaggregation of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 13,033,786 ​ $ 13,033,786 Unit price contracts ​ 13,667,005 ​ 15,443,917 ​ — ​ 29,110,922 Cost plus and T&M contracts ​ — ​ — ​ 9,027,231 ​ 9,027,231 Total revenue from contracts ​ $ 13,667,005 ​ $ 15,443,917 ​ $ 22,061,017 ​ $ 51,171,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 3,315,407 ​ $ 15,443,917 ​ $ 21,269,782 ​ $ 40,029,106 Earned at point in time ​ 10,351,598 ​ — ​ 791,235 ​ 11,142,833 Total revenue from contracts ​ $ 13,667,005 ​ $ 15,443,917 ​ $ 22,061,017 ​ $ 51,171,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas &Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 6,622,372 ​ $ 6,622,372 Unit price contracts ​ 11,645,327 ​ 1,967,647 ​ — ​ 13,612,974 Cost plus and T&M contracts ​ 135,659 ​ — ​ 4,914,946 ​ 5,050,605 Total revenue from contracts ​ $ 11,780,986 ​ $ 1,967,647 ​ $ 11,537,318 ​ $ 25,285,951 ​ ​ ​ ​ ​ Earned over time ​ $ 10,783,990 ​ $ 1,967,647 ​ $ 11,283,091 ​ $ 24,034,728 Earned at point in time ​ 996,996 ​ — ​ 254,227 ​ 1,251,223 Total revenue from contracts ​ $ 11,780,986 ​ $ 1,967,647 ​ $ 11,537,318 ​ $ 25,285,951 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended June 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 32,918,955 ​ $ 32,918,955 Unit price contracts ​ 36,282,234 ​ 35,217,113 ​ — ​ 71,499,347 Cost plus and T&M contracts ​ — ​ — ​ 24,805,340 ​ 24,805,340 Total revenue from contracts ​ $ 36,282,234 ​ $ 35,217,113 ​ $ 57,724,295 ​ $ 129,223,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 17,263,257 ​ $ 35,217,113 ​ $ 55,768,374 ​ $ 108,248,744 Earned at point in time ​ 19,018,977 ​ — ​ 1,955,921 ​ 20,974,898 Total revenue from contracts ​ $ 36,282,234 ​ $ 35,217,113 ​ $ 57,724,295 ​ $ 129,223,642 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended June 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Electrical, ​ ​ ​ ​ ​ Gas & Water ​ Gas & Petroleum ​ Mechanical, and ​ Total revenue ​ Distribution Transmission General from contracts Lump sum contracts ​ $ — ​ $ — ​ $ 26,305,242 ​ $ 26,305,242 Unit price contracts ​ 26,961,292 ​ 13,134,007 ​ — ​ 40,095,299 Cost plus and T&M contracts ​ 556,471 ​ 1,209,244 ​ 14,734,903 ​ 16,500,618 Total revenue from contracts ​ $ 27,517,763 ​ $ 14,343,251 ​ $ 41,040,145 ​ $ 82,901,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earned over time ​ $ 20,638,965 ​ $ 13,134,007 ​ $ 40,339,679 ​ $ 74,112,651 Earned at point in time ​ 6,878,798 ​ 1,209,244 ​ 700,466 ​ 8,788,508 Total revenue from contracts ​ $ 27,517,763 ​ $ 14,343,251 ​ $ 41,040,145 ​ $ 82,901,159

CONTRACT BALANCES (Tables)

CONTRACT BALANCES (Tables)	9 Months Ended
	Jun. 30, 2022
CONTRACT BALANCES
Schedule of accounts receivable-trade, net of allowance for doubtful accounts, retainages receivable, contract assets and contract liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 September 30, 2021 Change ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accounts receivable-trade, net of allowance for doubtful accounts ​ $ 24,108,401 ​ $ 21,022,207 ​ $ 3,086,194 ​ ​ ​ ​ Contract assets ​ ​ ​ Cost and estimated earnings in excess of billings ​ $ 11,937,080 ​ $ 8,730,402 ​ $ 3,206,678 ​ ​ ​ ​ ​ ​ Contract liabilities ​ ​ ​ ​ ​ Billings in excess of cost and estimated earnings ​ $ 6,014,875 ​ $ 3,153,290 ​ $ 2,861,585

UNCOMPLETED CONTRACTS (Tables)

UNCOMPLETED CONTRACTS (Tables)	9 Months Ended
	Jun. 30, 2022
UNCOMPLETED CONTRACTS
Schedule of costs, estimated earnings and billings on uncompleted contracts	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2022 September 30, 2021 Costs incurred on contracts in progress ​ $ 91,041,602 ​ $ 64,903,618 Estimated earnings, net of estimated losses ​ 13,060,983 ​ 13,280,334 ​ ​ 104,102,585 ​ 78,183,952 Less billings to date ​ 98,180,380 ​ 72,606,840 ​ ​ $ 5,922,205 ​ $ 5,577,112 ​ ​ ​ ​ ​ ​ ​ Costs and estimated earnings in excess of billed on uncompleted contracts ​ $ 11,937,080 ​ $ 8,730,402 ​ ​ ​ ​ ​ ​ ​ Less billings in excess of costs and estimated earnings on uncompleted contracts ​ 6,014,875 ​ 3,153,290 ​ ​ $ 5,922,205 ​ $ 5,577,112

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2022
EARNINGS PER SHARE
Schedule to compute the earnings per share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Three Months Ended ​ Nine Months Ended ​ Nine Months Ended ​ ​ June 30, ​ June 30, ​ June 30, ​ June 30, ​ 2022 2021 2022 2021 Net income ​ $ 1,622,114 ​ $ 9,313,240 ​ $ 2,207,291 ​ $ 7,354,107 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividends on preferred stock ​ — ​ 77,250 ​ ​ — ​ ​ 231,750 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income available to common shareholders ​ $ 1,622,114 ​ $ 9,235,990 ​ $ 2,207,291 ​ $ 7,122,357 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ 16,449,829 ​ 13,621,406 ​ ​ 16,270,499 ​ ​ 13,621,406 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding-diluted ​ 16,449,829 ​ 17,089,722 ​ ​ 16,270,499 ​ ​ 17,089,722 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share available to common shareholders ​ $ 0.10 ​ $ 0.68 ​ $ 0.14 ​ $ 0.52 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share available to common shareholders-diluted ​ $ 0.10 ​ $ 0.54 ​ $ 0.14 ​ $ 0.42

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 30, 2022
INCOME TAXES
Schedule of components of income taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ June 30, 2022 June 30, 2021 Federal ​ ​ Current ​ $ 100,000 ​ $ (433,621) Deferred ​ 408,087 ​ 390,724 Total ​ ​ 508,087 ​ ​ (42,897) ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (120,532) Deferred ​ 143,309 ​ 109,585 Total ​ ​ 143,309 ​ ​ (10,947) ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 651,396 ​ $ (53,844) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended ​ June 30, 2022 June 30, 2021 Federal ​ ​ Current ​ $ 100,000 ​ $ (917,344) Deferred ​ 637,268 ​ 559,471 Total ​ 737,268 ​ (357,873) ​ ​ ​ ​ ​ ​ ​ State ​ ​ ​ ​ Current ​ ​ — ​ ​ (258,738) Deferred ​ 207,948 ​ 157,799 Total ​ 207,948 ​ (100,939) ​ ​ ​ ​ ​ ​ ​ Total income tax expense (benefit) ​ $ 945,216 ​ $ (458,812) ​
Schedule of income tax effects to deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ September 30, ​ 2022 2021 Deferred tax liabilities ​ ​ Property and equipment ​ $ 4,980,722 ​ $ 4,883,398 Other ​ 2,863 ​ 37,582 Total deferred tax liabilities ​ $ 4,983,585 ​ $ 4,920,980 ​ ​ ​ ​ ​ Deferred income tax assets ​ ​ ​ ​ Other ​ $ 314,633 ​ $ 358,400 Net operating loss carryforward ​ ​ 1,790,303 ​ ​ 2,529,147 Total deferred tax assets ​ $ 2,104,936 ​ $ 2,887,547 ​ ​ ​ ​ ​ Total net deferred tax liabilities ​ $ 2,878,649 ​ $ 2,033,433

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	9 Months Ended
	Jun. 30, 2022
SHORT-TERM AND LONG-TERM DEBT
Schedule of summary of short-term and long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ September 30, ​ 2022 2021 Line of credit payable to bank, monthly interest at 4.99%, expiring on June 28, 2022 (extended to June 30, 2023), guaranteed by certain directors of the Company. ​ $ 2,100,000 ​ $ 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. ​ 2,695,331 ​ 3,183,549 ​ ​ ​ ​ ​ Notes payable to finance companies, due in monthly installments totaling $75,000 at June 30, 2022 and $70,062 at September 30, 2021, including interest ranging from 0.00% to 6.03%, final payments due July 2022 through August 2026, secured by equipment. ​ 1,081,899 ​ 1,066,580 ​ ​ ​ ​ ​ Note payable to finance company for insurance premiums financed, due in monthly installments totaling $279,000 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.50%, final payment November 2022. ​ 1,408,341 ​ 540,250 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 880,522 ​ 919,017 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ 442,198 ​ 530,750 ​ ​ ​ ​ ​ Notes payable to bank, due in monthly installments totaling ​ — ​ 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 ​ 2,372,500 ​ 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. ​ ​ 2,713,375 ​ ​ 3,000,000 ​ ​ ​ ​ ​ ​ ​ Term note payable to United Bank, Tri-State Paving acquisition, due in monthly installments of $140,000 including interest at 4.50%, final payment due by June 1, 2027, secured by receivables and equipment, guaranteed by certain directors of the Company. ​ ​ 7,293,787 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Notes payable to Corns Enterprises, $1,000,000 with fair value of $936,000, due in annual installments totaling $250,000, including interest at 3.50%, final payment due April 29, 2026, unsecured ​ ​ 938,667 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Operating lease liability payable to third party, $129,198, due in monthly installments totaling $5,537, final payment due May 31, 2024, unsecured ​ ​ 124,041 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Operating lease liability payable to Corns Enterprises, $236,201, due in monthly installments totaling $7,000, final payment due April 29, 2025, unsecured ​ ​ 218,747 ​ ​ — ​ ​ ​ ​ ​ ​ ​ Total debt ​ $ 22,269,408 ​ $ 17,462,598 ​ ​ ​ ​ ​ Less current maturities ​ 7,839,649 ​ 8,441,824 ​ ​ ​ ​ ​ Total long term debt ​ $ 14,429,759 ​ $ 9,020,774

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Jun. 30, 2022
Tri-State Paving Acquisition Company
Asset Acquisition [Line Items]
Schedule of allocation of purchase price	​ ​ ​ ​ ​ Property and equipment $ 5,709,094 Goodwill ​ 2,273,237 Customer relationships ​ 1,649,159 Non-compete ​ 39,960 Tradename ​ ​ 203,213 Total ​ $ 9,874,663

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Jun. 30, 2022
GOODWILL AND INTANGIBLE ASSETS
Summary of changes in goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, September 30, ​ 2022 2021 Beginning balance ​ $ 1,814,317 ​ $ — Acquired ​ 2,273,237 ​ 1,814,317 Ending balance ​ $ 4,087,554 ​ $ 1,814,317
Schedule of intangible assets subject to amortization	A table of the Company’s intangible assets subject to amortization at June 30, 2022, and September 30, 2021 is below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization and ​ ​ ​ ​ ​ Remaining Life at ​ ​ ​ ​ Amortization and ​ Amortization and ​ Impairment Nine ​ ​ ​ ​ June 30, ​ ​ Impairment at Impairment at Months Ended ​ Net Book Intangible assets: 2022 Original Cost June 30, 2022 September 30, 2021 June 30, 2022 Value West Virginia Pipeline ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 102 months ​ $ 2,209,724 ​ $ 331,451 ​ $ 165,725 ​ $ 165,726 ​ $ 1,878,273 Tradename ​ 102 months ​ ​ 263,584 ​ ​ 39,545 ​ ​ 19,772 ​ ​ 19,773 ​ ​ 224,039 Non-competes 6 months ​ 83,203 ​ 62,405 ​ 31,202 ​ 31,203 ​ 20,798 Revolt Energy ​ ​ ​ ​ ​ Employment agreement/non-compete 22 months ​ 100,000 ​ 69,445 ​ 13,889 ​ 55,556 ​ 30,555 Tri-State Paving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer Relationships ​ 118 months ​ ​ 1,649,159 ​ ​ 25,552 ​ ​ — ​ ​ 25,552 ​ ​ 1,623,607 Tradename ​ 118 months ​ ​ 203,213 ​ ​ 3,288 ​ ​ — ​ ​ 3,288 ​ ​ 199,925 Non-competes ​ 10 months ​ ​ 39,960 ​ ​ 6,600 ​ ​ — ​ ​ 6,600 ​ ​ 33,360 Total intangible assets ​ ​ ​ $ 4,548,843 ​ $ 538,286 ​ $ 230,588 ​ $ 307,698 ​ $ 4,010,557
Schedule of amortization on identifiable intangible assets	​ ​ ​ ​ ​ July 2022-June 2023 $ 503,395 July 2023-June 2024 ​ 446,456 July 2024-June 2025 ​ 432,569 July 2025-June 2026 ​ 432,569 July 2026-June 2027 ​ 432,569 After ​ 1,762,998 Total ​ $ 4,010,557

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Jun. 30, 2022
LEASES
Summary of information about leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years left Remaining liability Lease end Fiscal year end Operating lease 1 ​ 2.8 ​ $ 231,000 4/30/2025 2025 Operating lease 2 ​ 1.9 ​ 129,343 5/31/2024 2024 ​ ​ ​ ​ ​ $ 360,343 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average remaining term ​ ​ ​ ​ 2.5 ​ ​ ​ ​ ​ ​ ​ ​ ​ Three and nine Three and nine ​ ​ months ended ​ months ended ​ ​ June 30, 2022 ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Amortization ​ ​ Operating lease 1 ​ $ 12,305 ​ $ — Operating lease 2 ​ 5,072 ​ — Total amortization ​ $ 17,377 ​ $ — Interest ​ ​ Operating lease 1 ​ $ 1,695 ​ $ — Operating lease 2 ​ 465 ​ — Total interest ​ $ 2,160 ​ $ — Total amortization and interest ​ $ 19,537 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ Three and nine Three and nine ​ ​ months ended ​ months ended ​ ​ June 30, 2022 ​ June 30, 2021 ​ ​ ​ ​ ​ ​ ​ Operating lease 1 ​ $ 14,000 ​ $ — Operating lease 2 ​ 5,537 ​ — ​ ​ $ 19,537 ​ $ —
Schedule of Operating Lease Maturity Schedule	​ ​ ​ ​ ​ July 2022-June 2023 $ 150,609 July 2023-June 2024 ​ 146,734 July 2024-June 2025 ​ 63,000 ​ ​ $ 360,343 Less amounts representing interest ​ (17,555) Present value of operating lease liabilities ​ $ 342,788

BUSINESS AND ORGANIZATION (Deta

BUSINESS AND ORGANIZATION (Details) $ in Millions	Apr. 29, 2022 USD ($)
Tri-State Paving Acquisition Company
Cash consideration for acquiring assets	$ 7.5

DISAGGREGATION OF REVENUE (Deta

DISAGGREGATION OF REVENUE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue from contracts	$ 51,171,939	$ 25,285,951	$ 129,223,642	$ 82,901,159
Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	40,029,106	24,034,728	108,248,744	74,112,651
Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	11,142,833	1,251,223	20,974,898	8,788,508
Lump sum contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	13,033,786	6,622,372	32,918,955	26,305,242
Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	29,110,922	13,612,974	71,499,347	40,095,299
Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	9,027,231	5,050,605	24,805,340	16,500,618
Gas & Water Distribution
Disaggregation of Revenue [Line Items]
Total revenue from contracts	13,667,005	11,780,986	36,282,234	27,517,763
Gas & Water Distribution | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	3,315,407	10,783,990	17,263,257	20,638,965
Gas & Water Distribution | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	10,351,598	996,996	19,018,977	6,878,798
Gas & Water Distribution | Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	13,667,005	11,645,327	36,282,234	26,961,292
Gas & Water Distribution | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts		135,659		556,471
Gas & Petroleum Transmission
Disaggregation of Revenue [Line Items]
Total revenue from contracts	15,443,917	1,967,647	35,217,113	14,343,251
Gas & Petroleum Transmission | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	15,443,917	1,967,647	35,217,113	13,134,007
Gas & Petroleum Transmission | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts				1,209,244
Gas & Petroleum Transmission | Unit price contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	15,443,917	1,967,647	35,217,113	13,134,007
Gas & Petroleum Transmission | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts				1,209,244
Electrical, Mechanical, and General
Disaggregation of Revenue [Line Items]
Total revenue from contracts	22,061,017	11,537,318	57,724,295	41,040,145
Electrical, Mechanical, and General | Earned over time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	21,269,782	11,283,091	55,768,374	40,339,679
Electrical, Mechanical, and General | Earned at point in time
Disaggregation of Revenue [Line Items]
Total revenue from contracts	791,235	254,227	1,955,921	700,466
Electrical, Mechanical, and General | Lump sum contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	13,033,786	6,622,372	32,918,955	26,305,242
Electrical, Mechanical, and General | Cost plus and T&M contracts
Disaggregation of Revenue [Line Items]
Total revenue from contracts	$ 9,027,231	$ 4,914,946	$ 24,805,340	$ 14,734,903

CONTRACT BALANCES (Details)

CONTRACT BALANCES (Details) - USD ($)	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
CONTRACT BALANCES
Accounts receivable-trade, net of allowance for doubtful accounts	$ 24,108,401		$ 21,022,207
Change in accounts receivable-trade, net of allowance for doubtful accounts	3,086,194	$ (3,936,155)
Contract assets
Cost and estimated earnings in excess of billings	11,937,080		8,730,402
Change in cost and estimated earnings in excess of billings	3,206,678	674,444
Contract liabilities
Billings in excess of cost and estimated earnings	6,014,875		$ 3,153,290
Change in billings in excess of cost and estimated earnings	$ 2,861,585	$ (1,223,272)

CONTRACT BALANCES - Additional

CONTRACT BALANCES - Additional Information (Details) - USD ($)	3 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Contract Balances [Line Items]
Recognized revenue included in contract liability	$ 328,000	$ 2,600,000
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	9 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
PERFORMANCE OBLIGATIONS
Recognized revenue	$ 0	$ 0
Amount of remaining unsatisfied performance obligations	$ 71,100,000	$ 71,100,000

UNCOMPLETED CONTRACTS - Summary

UNCOMPLETED CONTRACTS - Summary of costs, estimated earnings, and billings on uncompleted contracts (Details) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
UNCOMPLETED CONTRACTS
Costs incurred on contracts in progress	$ 91,041,602	$ 64,903,618
Estimated earnings, net of estimated losses	13,060,983	13,280,334
Costs of uncompleted contracts including net estimated earnings	104,102,585	78,183,952
Less billings to date	98,180,380	72,606,840
Unbilled Contracts	5,922,205	5,577,112
Costs and estimated earnings in excess of billed on uncompleted contracts	11,937,080	8,730,402
Less billings in excess of costs and estimated earnings on uncompleted contracts	6,014,875	3,153,290
Unbilled contracts receivable	$ 5,922,205	$ 5,577,112

UNCOMPLETED CONTRACTS - Backlog

UNCOMPLETED CONTRACTS - Backlog (Details) - USD ($) $ in Millions	Jun. 30, 2022	Sep. 30, 2021
UNCOMPLETED CONTRACTS
Backlog	$ 135	$ 72.2

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2022	Sep. 30, 2021
FAIR VALUE MEASUREMENTS
Debt Instrument, Face Amount	$ 17.4	$ 10
Fair value of debt	$ 17.3	$ 9.9

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended						9 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2022	Jun. 30, 2021
EARNINGS PER SHARE
Net income	$ 1,622,114	$ (585,803)	$ 1,170,980	$ 9,313,240	$ (1,311,471)	$ (647,662)	$ 2,207,291	$ 7,354,107
Dividends on preferred stock				77,250				231,750
Income available to common shareholders	$ 1,622,114			$ 9,235,990			$ 2,207,291	$ 7,122,357
Weighted average shares outstanding	16,449,829			13,621,406			16,270,499	13,621,406
Weighted average shares outstanding-diluted	16,449,829			17,089,722			16,270,499	17,089,722
Earnings per share available to common shareholders	$ 0.10			$ 0.68			$ 0.14	$ 0.52
Earnings per share available to common shareholders-diluted	$ 0.10			$ 0.54			$ 0.14	$ 0.42

INCOME TAXES - Components of in

INCOME TAXES - Components of income taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Federal
Current	$ 100,000	$ (433,621)	$ 100,000	$ (917,344)
Deferred	408,087	390,724	637,268	559,471
Total	508,087	(42,897)	737,268	(357,873)
State
Current		(120,532)		(258,738)
Deferred	143,309	109,585	207,948	157,799
Total	143,309	(10,947)	207,948	(100,939)
Total income tax expense (benefit)	$ 651,396	$ (53,844)	$ 945,216	$ (458,812)

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 ($)	Jun. 30, 2022	Sep. 30, 2021
Deferred income tax liabilities
Property and equipment	$ 4,980,722	$ 4,883,398
Other	2,863	37,582
Total deferred tax liabilities	4,983,585	4,920,980
Deferred income tax assets
Other	314,633	358,400
Net operating loss carryforward	1,790,303	2,529,147
Total deferred tax liabilities	2,104,936	2,887,547
Total net deferred tax liabilities	$ 2,878,649	$ 2,033,433

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INCOME TAXES
Effective income tax rate	28.70%	0.60%	30%	6.70%
Paycheck Protection Program loan forgiveness		$ (9,799,100)		$ (9,799,100)
Increase in taxable income due to non deductible expense				$ 9,800,000

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Details) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Debt Instrument [Line Items]
Total debt	$ 22,269,408	$ 17,462,598
Less current maturities	7,839,649	8,441,824
Total long term debt	14,429,759	9,020,774
Line of credit payable to bank, final payment due by June 28, 2022
Debt Instrument [Line Items]
Total debt	2,100,000	4,500,000
Notes payable to bank, monthly interest rate at 4.25%, final payment due January 2026
Debt Instrument [Line Items]
Total debt	2,713,375	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	1,408,341	540,250
Notes payable to bank, final due by November 2034
Debt Instrument [Line Items]
Total debt	880,522	919,017
Notes payable to bank, final due by November 2025
Debt Instrument [Line Items]
Total debt	442,198	530,750
Notes Payable To Banks Due July 2022 [Member]
Debt Instrument [Line Items]
Total debt		872,452
Notes payable to David and Daniel Bolton due final payment December 31, 2026
Debt Instrument [Line Items]
Total debt	2,372,500	2,850,000
Notes payable to bank final due by 25 March 2026
Debt Instrument [Line Items]
Total debt	2,695,331	3,183,549
Notes payable to finance companies due April 2022 through August 2026
Debt Instrument [Line Items]
Total debt	1,081,899	$ 1,066,580
Term note payable to United Bank, Tri-State Paving acquisition, final payment due by June 1, 2027
Debt Instrument [Line Items]
Total debt	7,293,787
Notes payable to Corns Enterprises, final payment due April 29, 2026
Debt Instrument [Line Items]
Total debt	938,667
Operating lease liability payable to third party, final payment due May 31, 2024
Debt Instrument [Line Items]
Total debt	124,041
Operating lease liability payable to Corns Enterprises, final payment due April 29, 2025
Debt Instrument [Line Items]
Total debt	$ 218,747

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT - Summary of short-term and long-term debt (Parenthetical) (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Debt Instrument [Line Items]
Debt Instrument, Increase (Decrease), Net	$ 9,799,100		$ 9,799,100
Debt Instrument, Face Amount		$ 17,400,000		$ 10,000,000
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		$ 75,000		70,062
Notes payable to finance companies due April 2022 through August 2026 | Minimum
Debt Instrument [Line Items]
Interest rate		0%
Notes payable to finance companies due April 2022 through August 2026 | Maximum
Debt Instrument [Line Items]
Interest rate		6.03%
Note payable to finance company for insurance premiums financed due November 2020 in monthly installments
Debt Instrument [Line Items]
Note payable in monthly or Annual installments		$ 279,000
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 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%
Notes Payable To Banks Due July 2022 [Member]
Debt Instrument [Line Items]
Note payable in monthly or Annual installments		$ 98,865
Interest rate		4.99%
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				$ 272,000
Interest rate		3.50%
Term note payable to United Bank, Tri-State Paving acquisition, final payment due by June 1, 2027
Debt Instrument [Line Items]
Interest rate		4.50%
Debt Instrument, Face Amount		$ 140,000
Notes payable to Corns Enterprises, final payment due April 29, 2026
Debt Instrument [Line Items]
Note payable in monthly or Annual installments		$ 250,000
Interest rate		3.50%
Debt Instrument, Face Amount		$ 1,000,000
Notes Payable On Annual Installments		936,000
Operating lease liability payable to third party, final payment due May 31, 2024
Debt Instrument [Line Items]
Note payable in monthly or Annual installments		5,537
Debt Instrument, Face Amount		129,198
Operating lease liability payable to Corns Enterprises, final payment due April 29, 2025
Debt Instrument [Line Items]
Note payable in monthly or Annual installments		7,000
Debt Instrument, Face Amount		$ 236,201

SHORT-TERM AND LONG-TERM DEBT_3

SHORT-TERM AND LONG-TERM DEBT - Interest rates (Details) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Jan. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Line of Credit Facility [Line Items]
Line of credit			$ 4,500,000
Insurance policy amount	$ 3,400,000
Insurance policy premium outstanding			1,400,000
Paycheck Protection Program loan forgiveness		$ 9,799,100		$ 9,799,100
Financing agreement "Operating Line of Credit (2021)"
Line of Credit Facility [Line Items]
Line of credit			2,100,000
Amount available to borrowing			9,800,000
Financing agreement Operating Line of Credit (2021)
Line of Credit Facility [Line Items]
Amount available to borrowing			11,900,000
United Bank, Inc. | Financing agreement "Operating Line of Credit (2021)"
Line of Credit Facility [Line Items]
Line of credit			$ 15,000,000
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					$ 12,200,000
Percentage of eligible accounts receivable			70%
Amount of loan covenants			$ 12,500,000
Minimum tangible net worth			$ 21,500,000
Minimum traditional debt service coverage ratio			1.25x
Minimum current ratio			1.50x
Maximum debt to tangible net worth ratio			1.5x
Amount of minimum tangible net worth			$ 24,000,000
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			$ 12,500,000
Amount available to borrowing					$ 7,700,000
United Bank, Inc. | Financing agreement "Operating Line of Credit (2021)" | 2.5 million component
Line of Credit Facility [Line Items]
Line of credit			$ 2,500,000

ACQUISITIONS - Tangible and int

ACQUISITIONS - Tangible and intangible assets acquired and liabilities assumed, the purchase price allocations (Details) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	$ 29,560,421	$ 22,950,019
Goodwill	4,087,554	1,814,317
Intangible assets, net	4,010,557	$ 2,425,923
Tri-State Paving Acquisition Company
Business Acquisition [Line Items]
Property, Plant and Equipment, Net, Total	5,709,094
Goodwill	2,273,237
Purchase price	9,874,663
Tri-State Paving Acquisition Company | Non-competes
Business Acquisition [Line Items]
Intangible assets, net	39,960
Tri-State Paving Acquisition Company | Customer relationships
Business Acquisition [Line Items]
Intangible assets, net	1,649,159
Tri-State Paving Acquisition Company | Tradename
Business Acquisition [Line Items]
Intangible assets, net	$ 203,213

ACQUISITIONS - Additional Infor

ACQUISITIONS - Additional Information (Details) - USD ($)		3 Months Ended	9 Months Ended
	Apr. 29, 2022	Jun. 30, 2022	Jun. 30, 2022	Sep. 30, 2021
Asset Acquisition [Line Items]
Goodwill		$ 4,087,554	$ 4,087,554	$ 1,814,317
Intangible assets, net		4,010,557	4,010,557	2,425,923
Debt Instrument, Face Amount		17,400,000	17,400,000	10,000,000
Fair value of debt		17,300,000	17,300,000	$ 9,900,000
Common stock issued to finance Tri-State Paving acquisition			$ 1,048,218
Tri-State Paving Acquisition Company
Asset Acquisition [Line Items]
Seller note as consideration for acquiring assets	$ 1,000,000
Term of debt			4 years
Revenues		$ 2,000,000	$ 2,000,000
Interest rate on carrying value		6.85%	6.85%
Goodwill		$ 2,273,237	$ 2,273,237
Common stock issued to finance Tri-State Paving acquisition	1,000,000		$ 1,000,000
Shares issued for Tri-State Paving acquisition			419,287
Threshold limit of share price for additional consideration			$ 1.50
Number of days closing price considered for additional consideration			180 days
Threshold days for payment of additional consideration from the date of written demand			30 days
Tri-State Paving Acquisition Company
Asset Acquisition [Line Items]
Purchase of equipment	$ 7,500,000
Notes payable to Corns Enterprises, final payment due April 29, 2026
Asset Acquisition [Line Items]
Interest Rate		3.50%	3.50%
Debt Instrument, Face Amount		$ 1,000,000	$ 1,000,000
Notes payable to Corns Enterprises, final payment due April 29, 2026 | Tri-State Paving Acquisition Company
Asset Acquisition [Line Items]
Interest Rate		3.50%	3.50%
Debt Instrument, Face Amount		$ 1,000,000	$ 1,000,000
Fair value of debt		$ 936,000	936,000
Principal installment			$ 250,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Goodwill (Details) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2022	Sep. 30, 2021
Goodwill
Beginning balance	$ 1,814,317
Acquired	2,273,237	$ 1,814,317
Ending balance	$ 4,087,554	$ 1,814,317

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible assets subject to amortization (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Finite-Lived Intangible Assets [Line Items]
Original cost	$ 4,548,843		$ 4,548,843
Amortization and Impairment	538,286		307,698		$ 230,588
Net Book Value	4,010,557		4,010,557
Amortization on identifiable intangible assets	112,000	$ 0	$ 307,698	$ 0
Customer relationships | West Virginia Pipeline
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			102 months
Original cost	2,209,724		$ 2,209,724
Amortization and Impairment	331,451		165,726		165,725
Net Book Value	1,878,273		$ 1,878,273
Customer relationships | Tri-State Paving Acquisition Company
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			118 months
Original cost	1,649,159		$ 1,649,159
Amortization and Impairment	25,552		25,552
Net Book Value	1,623,607		$ 1,623,607
Tradename | West Virginia Pipeline
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			102 months
Original cost	263,584		$ 263,584
Amortization and Impairment	39,545		19,773		19,772
Net Book Value	224,039		$ 224,039
Tradename | Tri-State Paving Acquisition Company
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			118 months
Original cost	203,213		$ 203,213
Amortization and Impairment	3,288		3,288
Net Book Value	199,925		$ 199,925
Non-competes | West Virginia Pipeline
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			6 months
Original cost	83,203		$ 83,203
Amortization and Impairment	62,405		31,203		31,202
Net Book Value	20,798		$ 20,798
Non-competes | Tri-State Paving Acquisition Company
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			10 months
Original cost	39,960		$ 39,960
Amortization and Impairment	6,600		6,600
Net Book Value	33,360		$ 33,360
Employment agreement/non-compete | Revolt Energy
Finite-Lived Intangible Assets [Line Items]
Remaining life of intangible assets			22 months
Original cost	100,000		$ 100,000
Amortization and Impairment	69,445		55,556		$ 13,889
Net Book Value	$ 30,555		$ 30,555

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Amortization expense (Details)	Jun. 30, 2022 USD ($)
GOODWILL AND INTANGIBLE ASSETS
Total	$ 4,010,557

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Identifiable intangible assets (Details)	Jun. 30, 2022 USD ($)
Amortization expense
July 2022-June 2023	$ 503,395
July 2023-June 2024	446,456
July 2024-June 2025	432,569
July 2025-June 2026	432,569
July 2026-June 2027	432,569
After	1,762,998
Total	$ 4,010,557

LEASES (Details)

LEASES (Details)	3 Months Ended		9 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) agreement	Jun. 30, 2021 USD ($)
LEASES
Operating lease payments			$ 1,500
Number of financing leases entered | agreement			2
Finance lease, Value	$ 160,000		$ 160,000
Term of finance leases	22 months		22 months
Finance lease, interest rate	0%		0%
Finance lease, monthly installment payments			$ 6,645
Option to cancel the finance lease			false
Rental expense	$ 1,700,000	$ 646,000	$ 5,300,000	$ 2,500,000

LEASES - Operating Lease-Weight

LEASES - Operating Lease-Weighted Average Remaining Term (Details)	Jun. 30, 2022 USD ($)
Lessor, Lease, Description [Line Items]
Weighted Average Remaining Term	2 years 6 months
Operating lease liability	$ 360,343
Operating lease 1
Lessor, Lease, Description [Line Items]
Weighted Average Remaining Term	2 years 9 months 18 days
Operating lease liability	$ 231,000
Operating lease 2
Lessor, Lease, Description [Line Items]
Weighted Average Remaining Term	1 year 10 months 24 days
Operating lease liability	$ 129,343

LEASES - Operating Lease Maturi

LEASES - Operating Lease Maturity Schedule (Details)	Jun. 30, 2022 USD ($)
LEASES
July 2022-June 2023	$ 150,609
July 2023-June 2024	146,734
July 2024-June 2025	63,000
Operating lease liability	360,343
Less amounts representing interest	(17,555)
Present value of operating lease liabilities	$ 342,788

LEASES - Operating Lease Expens

LEASES - Operating Lease Expense (Details)	9 Months Ended
	Jun. 30, 2022 USD ($)
Lessor, Lease, Description [Line Items]
Amortization	$ 17,377
Interest	2,160
Amortization and interest	19,537
Operating lease 1
Lessor, Lease, Description [Line Items]
Amortization	12,305
Interest	1,695
Operating lease 2
Lessor, Lease, Description [Line Items]
Amortization	5,072
Interest	$ 465

LEASES - Cash Paid for Operatin

LEASES - Cash Paid for Operating Leases (Details)	9 Months Ended
	Jun. 30, 2022 USD ($)
Lessor, Lease, Description [Line Items]
Cash Paid for Operating Leases	$ 19,537
Incremental borrowing rate	4.50%
Operating lease 1
Lessor, Lease, Description [Line Items]
Cash Paid for Operating Leases	$ 14,000
Operating lease 2
Lessor, Lease, Description [Line Items]
Cash Paid for Operating Leases	$ 5,537

PAYCHECK PROTECTION PROGRAM L_2

PAYCHECK PROTECTION PROGRAM LOANS (Details) - USD ($)		12 Months Ended
	Jul. 04, 2020	Sep. 30, 2021	Jun. 30, 2022
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 10,000,000	$ 17,400,000
PPP Funds
Debt Instrument [Line Items]
Debt Instrument, Face 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) - USD ($) $ in Millions	Aug. 11, 2022	Jul. 06, 2022	Apr. 29, 2022
Tri-State Paving Acquisition Company
Subsequent Event [Line Items]
Payments to Acquire Productive Assets			$ 7.5
Subsequent event
Subsequent Event [Line Items]
Percent of shares authorized		6%
Shares repurchased		1,000,000
Subsequent event | Ryan Environmental, LLC
Subsequent Event [Line Items]
Consideration paid	$ 2.5
Vehicle lease payment	1.1
Payments to Acquire Productive Assets	$ 1