Energy Services of America (ESOA) 10-Q 12 May 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Mar. 31, 2014	1-May-14
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Energy Services of America CORP	'
Entity Central Index Key	'0001357971	'
Trading Symbol	'esoa	'
Current Fiscal Year End Date	'--09-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	14,239,836
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Sep. 30, 2013
Current Assets	'	'
Cash and cash equivalents	$7,475,595	$6,152,382
Accounts receivable-trade	6,990,230	16,774,884
Allowance for doubtful accounts	-196,692	-236,657
Retainages receivable	1,746,038	2,666,066
Other receivables	383,735	271,572
Costs and estimated earnings in excess of billings on uncompleted contracts	4,810,080	9,034,956
Deferred tax asset	2,506,126	1,809,684
Prepaid expenses and other	3,469,248	2,191,551
Assets of discontinued operations	2,226,774	2,274,079
Total Current Assets	29,411,134	40,938,517
Property, plant and equipment, at cost	29,346,856	28,801,218
less accumulated depreciation	-20,850,448	-19,198,168
Assets of discontinued operations, net	'	155,833
Total Noncurrent Assets	8,496,408	9,758,883
Total Assets	37,907,542	50,697,400
Current Liabilities	'	'
Current maturities of long-term debt	2,681,284	5,280,558
Lines of credit and short term borrowings	1,127,209	10,132,667
Accounts payable	1,508,320	6,367,120
Accrued expenses and other current liabilities	2,279,729	3,422,385
Billings in excess of costs and estimated earnings on uncompleted contracts	1,030,297	3,697,887
Income tax payable	161,949	384,303
Liabilities of discontinued operations	593,893	1,370,465
Total Current Liabilities	9,382,681	30,655,385
Long-term debt, less current maturities	8,979,129	1,058,720
Deferred income taxes payable	3,302,181	3,283,124
Liabilities of discontinued operations	827,640	756,983
Total Liabilities	22,491,631	35,754,212
Stockholders' equity	'	'
Preferred stock, $.0001 par value Authorized 1,000,000 shares, 206 issued for March 2014 and 196 issued for September 2013	'	'
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding for March 2014 and 14,814,836 issued and 14,514,836 outstanding for September 2013	1,484	1,481
Treasury stock, 600,000 shares at March 30, 2014 and 300,000 shares at September 30, 2013	-60	-30
Additional paid in capital	61,289,260	61,039,262
Retained earnings (deficit)	-45,874,773	-46,097,525
Total Stockholders' equity	15,415,911	14,943,188
Total liabilities and stockholders' equity	$37,907,542	$50,697,400

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Statement Of Financial Position [Abstract]	'	'
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	196
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,814,836
Common stock, shares outstanding	14,239,836	14,514,836
Treasury stock	600,000	300,000

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME Unaudited (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]	'	'	'	'
Revenue	$14,044,424	$20,555,537	$39,094,834	$47,734,048
Cost of revenues	12,579,984	18,676,986	35,454,063	42,913,456
Gross profit	1,464,440	1,878,551	3,640,771	4,820,592
Selling and administrative expenses	1,619,463	2,033,330	3,388,386	4,582,679
Income (loss) from operations	-155,023	-154,779	252,385	237,913
Other income (expense)	'	'	'	'
Interest income	'	719	-223	719
Other nonoperating income (expense)	653	-19,605	12,106	-17,007
Interest expense	-106,586	-471,765	-460,644	-955,142
Gain on sale of equipment	21,240	'	21,240	294,251
Other income (expense), total	-84,693	-490,651	-427,521	-677,179
Loss from continuing operations before income taxes	-239,716	-645,430	-175,136	-439,266
Income tax benefit	-245,618	-343,047	-628,517	-23,115
Income (loss) from continuing operations	5,902	-302,383	453,381	-416,151
Dividends on preferred stock	77,250	'	231,750	'
Income (loss) from continuing operations available to common shareholders	-71,348	-302,383	221,631	-416,151
Income (loss) from discontinued operations net of tax expense	-19,321	-896,626	1,121	-1,543,068
Net income (loss) available to common shareholders	($90,669)	($1,199,009)	$222,752	($1,959,219)
Weighted average shares outstanding (in shares)	14,513,169	14,446,836	14,520,276	14,458,836
Weighted average shares-diluted (in shares)	17,946,503	14,446,836	17,911,118	14,458,836
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	($0.01)	($0.02)	$0.02	($0.03)
Earnings (loss) per share from continuing operations-diluted available to common shareholders (in dollars per share)	($0.00)	($0.02)	$0.01	($0.03)
Earnings (loss) per share available to common shareholders (in dollars per share)	($0.01)	($0.08)	$0.02	($0.14)
Earnings (loss) per share-diluted available to common shareholders (in dollars per share)	($0.01)	($0.08)	$0.01	($0.14)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS Unaudited (USD $)	6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net Income (loss) available to common shareholders	$222,752	($1,959,219)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'
Depreciation expense	1,694,686	2,356,078
Provision for bad debts	'	300,000
Gain on sale/disposal of equipment	-407	-513,719
Provision for deferred taxes	-662,894	43,945
Share-based compensation expense	'	18,989
Decrease in contracts receivable	9,629,641	8,835,464
Decrease in retainage receivable	1,057,333	1,172,768
Increase in other receivables	-89,356	-166,555
Decrease in cost and estimated earnings in excess of billings on uncompleted contracts	4,224,876	1,614,739
Increase in prepaid expenses	-1,277,697	-1,654,035
Decrease in accounts payable	-5,626,743	-5,702,758
Increase (decrease) in accrued expenses	-1,099,668	94,932
Increase (decrease) in billings in excess of cost and estimated earnings on uncompleted contracts	-2,667,590	118,111
Decrease in income taxes payable	-273,971	'
Net cash provided by operating activities	5,130,962	4,558,740
Cash flows from investing activities:	'	'
Investment in property & equipment	-588,044	-140,757
Proceeds from sales of property and equipment	156,240	841,324
Net cash provided by (used in) investing activities	-431,804	700,567
Cash flows from financing activities:	'	'
Proceeds from private placement of preferred stock	249,998	'
Par value of stock issued to preferred shareholders	3	'
Treasury stock purchased by company	-30	'
Borrowings on lines of credit and short term debt, net of (repayments)	-9,005,458	78,422
Proceeds from long term debt	10,457,965	'
Principal payments on long term debt	-5,136,830	-1,510,969
Net cash used in financing activities	-3,434,352	-1,432,547
Increase in cash and cash equivalents	1,264,806	3,826,760
Cash beginning of period	6,339,882	2,661,721
Cash end of period	7,604,688	6,488,481
Supplemental schedule of noncash investing and financing activities:	'	'
Purchases of property & equipment under financing agreements	'	26,400
Insurance premiums financed	2,268,510	2,784,193
Cash paid during the year for:	'	'
Interest	523,511	927,192
Income taxes	267,430	'
Insurance premiums	1,362,631	1,775,083
Dividends paid on preferred stock	$128,050	'

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid in Capital	Retained Earnings (deficit)	Treasury Stock	Total
Balance at Sep. 30, 2012	$1,446	$56,107,650	($49,667,731)	'	$6,441,365
Balance (in shares) at Sep. 30, 2012	14,458,836	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Share-based compensation expense	'	18,989	'	'	18,989
Net Income (loss)	'	'	-1,959,219	'	-1,959,219
Balance at Mar. 31, 2013	1,446	56,126,639	-51,626,950	'	4,501,135
Balance (in shares) at Mar. 31, 2013	14,458,836	'	'	'	'
Balance at Sep. 30, 2013	1,481	61,039,262	-46,097,525	-30	14,943,188
Balance (in shares) at Sep. 30, 2013	14,514,836	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'
Private placement of preferred stock	'	249,998	'	'	249,998
Common stock issued from private placement	3	'	'	'	3
Common stock issued from private placement (in shares)	25,000	'	'	'	'
Treasury stock purchased by company	'	'	'	-30	-30
Treasury stock purchased by company (in shares)	-300,000	'	'	'	'
Dividends on preferred stock	'	'	-231,750	'	-231,750
Net Income (loss)	'	'	454,502	'	222,752
Balance at Mar. 31, 2014	$1,484	$61,289,260	($45,874,773)	($60)	$15,415,911
Balance (in shares) at Mar. 31, 2014	14,239,836	'	'	'	'

BUSINESS_AND_ORGANIZATION

BUSINESS AND ORGANIZATION	6 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
BUSINESS AND ORGANIZATION	'
	1.   BUSINESS AND ORGANIZATION:
	Energy Services of America Corporation, formerly known as Energy Services Acquisition Corp., (the Company) was incorporated in Delaware on March 31, 2006 as a blank check company whose objective was to acquire an operating business or businesses.  The Company operated as a blank check company until August 15, 2008.  On that date, the Company acquired S.T. Pipeline, Inc. and C.J. Hughes Construction Company, Inc. with proceeds from the Company’s Initial Public Offering.  S. T. Pipeline and C. J Hughes operate as wholly owned subsidiaries of the Company.
	S.T. Pipeline, Inc. (S.T.) was incorporated in May 1990 under the laws of the State of West Virginia.  S.T. engaged in the construction of natural gas pipelines for utility companies in various states, mostly in the mid-Atlantic area of the country.  The financial position and results of operations of S.T. Pipeline, Inc. have been presented as discontinued operations in the accompanying financial statements for all presented periods.  On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale.
	C.J. Hughes Construction Company, Inc. (C.J. Hughes) is a general contractor primarily engaged in pipeline construction for utility companies.  C.J. Hughes operates primarily in the mid-Atlantic region of the United States.    Nitro Electric Company, Inc., a wholly owned subsidiary of C. J. Hughes, is involved in electrical contracting providing its services to the power and refining industries.  Nitro Electric operates primarily in the mid-Atlantic region of the United States.  Contractors Rental Corporation, Inc. a wholly owned subsidiary of C.J. Hughes is involved in main line pipeline installation and repairs in the mid-Atlantic region of the country as well.  All of the C.J. Hughes, Nitro Electric, and Contractors Rental production personnel are union members of various related construction trade unions and are subject to collective bargaining agreements that expire at varying time intervals.
	The Company’s stock trades under the symbol “ESOA” on the Over-the-Counter market.
	Interim Financial Statements
	The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and should be read in conjunction with the Company’s audited financial statements and footnotes thereto for the years ended September 30, 2013 and 2012 included in the Company’s Form 10-K filed December 20, 2013.  Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to interim financial reporting rules and regulations of the SEC.  The financial statements reflect all adjustments (consisting primarily of normal recurring adjustments) that are, in the opinion of management necessary for a fair presentation of the Company’s financial position and results of operations.  The operating results for the three and six month periods ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year.
	Principles of Consolidation
	The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries.  S.T. Pipeline has been shown as discontinued operations for the three months and six months ended March 31, 2014 and 2013.  All significant intercompany accounts and transactions have been eliminated in consolidation.  Unless the context requires otherwise, references to Energy Services include Energy Services and its consolidated subsidiaries.
	Reclassifications
	Certain reclassifications have been made in prior years’ financial statements to conform to classifications used in the current year.

UNCOMPLETED_CONTRACTS

UNCOMPLETED CONTRACTS	6 Months Ended
	Mar. 31, 2014
Contractors [Abstract]	'
UNCOMPLETED CONTRACTS	'
	2.  UNCOMPLETED CONTRACTS
	Costs, estimated earnings, and billings on uncompleted contracts as of March 31, 2014 and September 30, 2013 are summarized as follows:
		31-Mar-14		30-Sep-13
	Costs incurred on uncompleted contracts	$	152,312,717	$	159,962,769
	Estimated earnings, net of estimated losses		8,827,585		3,929,091
			161,140,302		163,891,860
	Less billing to date		157,360,519		158,544,791
		$	3,779,783	$	5,347,069
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	4,810,080	$	9,034,956
	Less billings in excess of costs and estimated earnings on uncompleted contracts		1,030,297		3,697,887
		$	3,779,783	$	5,337,069
	Backlog at March 31, 2014 and September 30, 2013 was $48.2 million and $52.6 million respectively.

CLAIMS

CLAIMS	6 Months Ended
	Mar. 31, 2014
Claims [Abstract]	'
CLAIMS	'
	3.  CLAIMS
	The Company had claims valued at $2,200,000 with respect to September 30, 2013.  On December 5, 2013, the Company entered into a settlement agreement for $2,350,000.  The agreement called for payment to be received by the Company within 10 days of execution.  The Company received payment of the full amount on December 13, 2013.  The Company does not have any claims recorded as of March 31, 2014.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	4.  FAIR VALUE MEASUREMENTS
	The Fair Value Measurements and Disclosures Topic of the Financial Accounting Standards Board (FASB) Accounting Standards Codification defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements.
	Under the FASB’s authoritative guidance on fair value measurements, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.
	As noted above, there is a three-level valuation hierarchy for disclosure of fair value measurements.  The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.  The three levels are defined as follows:
	Level 1 — Quoted prices for identical assets and liabilities traded in active exchange markets, such as the New York Stock Exchange.
	Level 2 — Observable inputs other than Level 1 including quoted prices for similar assets or liabilities, quoted prices in less active markets, or other observable inputs that can be corroborated by observable market data.
	Level 3 — Unobservable inputs supported by little or no market activity for financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation; also includes observable inputs for nonbinding single dealer quotes not corroborated by observable market data.
	A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.
	The carrying amount for borrowings under the Company’s revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. The fair value of the Company’s long term fixed-rate debt to unrelated parties was estimated using a discounted cash flow analysis and a yield rate that was estimated based on the borrowing rates for bank loans with similar terms and maturities.  The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $12.8 million at March 31, 2014 was $12.7 million.
	The Company uses fair value measurements on a non-recurring basis in its assessment of goodwill and long-lived assets held and used. In accordance with its annual impairment test during the quarter ended September 30, 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet.  Refer to Note 4, Goodwill and Intangible Assets of the Company’s September 30, 2013 10-K filing for further information.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
DISCONTINUED OPERATIONS	'
	5.  DISCONTINUED OPERATIONS
	Due to organizational changes and operating losses incurred in fiscal year 2012, the Company decided to discontinue the operations of its wholly owned subsidiary S.T. Pipeline, Inc.  On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale.
	The operating results for S.T. Pipeline, Inc. for the three months and six months ended March 31, 2014 and 2013 are as follows:
		Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
		March 31,			March 31,			March 31,			March 31,
		2014			2013			2014			2013
	Revenue		(3,000	)		303,985			(3,000	)		1,796,504
	Cost of revenues		(3,393	)		389,842			(106,734	)		2,681,961
	Gross profit (loss)		393			(85,857	)		103,734			(885,457	)
	Selling and administrative expenses		793			452,650			83,301			810,618
	Income (loss) from operations		(400	)		(538,507	)		20,433			(1,696,075	)
	Other income (expense)
	Other nonoperating income (expense)		400			600			400			1,088
	Interest expense		-			(489	)		-			(489	)
	Gain (loss) on sale of equipment		-			11,913			(20,833	)		219,468
			400			12,024			(20,433	)		220,067
	Income (loss) before income taxes		-			(526,483	)		-			(1,476,008	)
	Income tax expense (benefit)		19,321			370,143			(1,121	)		67,060
	Net income (loss)	$	(19,321	)	$	(896,626	)	$	1,121		$	(1,543,068	)
	The following table shows the components of asset and liabilities that are classified as discontinued operations in the Company’s consolidated balances sheets for quarter ended March 31, 2014 and year ended September 30, 2013.
		March 31,			September 30,
		2014			2013
	Cash	$	129,093		$	187,500
	Accounts receivable, net		(153,383	)		(268,431	)
	Retainages receivable		153,383			290,688
	Deferred tax asset		2,097,681			2,041,515
	Prepaid and other current assets		129,093			210,307
	Assets of discontinued operations-current		2,226,774			2,274,079
	Property, plant, and equipment, net		-			155,833
	Total assets of discontinued operations		2,226,774			2,429,912
	Accounts payable		589,406			1,357,349
	Accrued expenses and other current liabilities		4,487			13,116
	Liabilities of discontinued operations-current		593,893			1,370,465
	Liabilities of discontinued operations-long term		827,640			756,983
	Total liabilities of discontinued operations		1,421,533			2,127,448
	Net assets	$	805,241		$	302,464

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	6.  EARNINGS PER SHARE
	The amounts used to compute the earnings per share for the three months and six months ended March 31, 2014 and 2013 are summarized below.
		Three Months Ended			Three Months Ended			Six Months		Six Months
		March 31,			March 31,			March 31,		March 31,
		2014			2013			2014		2013
	Income (loss) from continuting operations	$	5,902		$	(302,383	)	$	453,381	$	(416,151	)
	Divdends on preferred stock		77,250			-			231,750		-
	Income (loss) available to common shareholders-continuing operations	$	(71,348	)	$	(302,383	)	$	221,631	$	(416,151	)
	Weighted average shares outstanding		14,513,169			14,446,836			14,520,276		14,458,836
	Weighted average shares outstanding-diluted		17,946,503			14,446,836			17,911,118		14,458,836
	Earnings (loss) per share from continuing operations	$	(0.005	)	$	(0.021	)	$	0.015	$	(0.029	)
	Earnings (loss) per share from continuing operations-diluted	$	(0.004	)	$	(0.021	)	$	0.012	$	(0.029	)
	Income (loss) from discontinued operations	$	(19,321	)	$	(896,626	)	$	1,121	$	(1,543,068	)
	Weighted average shares outstanding		14,513,169			14,446,836			14,520,276		14,458,836
	Weighted average shares outstanding-diluted		17,946,503			14,446,836			17,911,118		14,458,836
	Earnings (loss) per share from discontinued operations	$	(0.001	)	$	(0.062	)	$	0	$	(0.107	)
	Earnings (loss) per share from discontinued operations-diluted	$	(0.001	)	$	(0.062	)	$	0	$	(0.107	)
	Net income (loss)		(13,419	)		(1,199,009	)		454,502		(1,959,219	)
	Divdends on preferred stock		77,250			-			231,750		-
	Net income (loss) available to common shareholders	$	(90,669	)	$	(1,199,009	)	$	222,752	$	(1,959,219	)
	Earnings (loss) per share	$	(0.006	)	$	(0.083	)	$	0.015	$	(0.136	)
	Earnings (loss) per share-diluted	$	(0.005	)	$	(0.083	)	$	0.012	$	(0.136	)

UNCOMPLETED_CONTRACTS_Tables

UNCOMPLETED CONTRACTS (Tables)	6 Months Ended
	Mar. 31, 2014
Contractors [Abstract]	'
Schedule of costs, estimated earnings and billings on uncompleted contracts	'
		31-Mar-14		30-Sep-13
	Costs incurred on uncompleted contracts	$	152,312,717	$	159,962,769
	Estimated earnings, net of estimated losses		8,827,585		3,929,091
			161,140,302		163,891,860
	Less billing to date		157,360,519		158,544,791
		$	3,779,783	$	5,347,069
	Costs and estimated earnings in excess of billings on uncompleted contracts	$	4,810,080	$	9,034,956
	Less billings in excess of costs and estimated earnings on uncompleted contracts		1,030,297		3,697,887
		$	3,779,783	$	5,337,069

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of operating results for S.T. Pipeline, Inc.	'
		Three Months Ended			Three Months Ended			Six Months Ended			Six Months Ended
		March 31,			March 31,			March 31,			March 31,
		2014			2013			2014			2013
	Revenue		(3,000	)		303,985			(3,000	)		1,796,504
	Cost of revenues		(3,393	)		389,842			(106,734	)		2,681,961
	Gross profit (loss)		393			(85,857	)		103,734			(885,457	)
	Selling and administrative expenses		793			452,650			83,301			810,618
	Income (loss) from operations		(400	)		(538,507	)		20,433			(1,696,075	)
	Other income (expense)
	Other nonoperating income (expense)		400			600			400			1,088
	Interest expense		-			(489	)		-			(489	)
	Gain (loss) on sale of equipment		-			11,913			(20,833	)		219,468
			400			12,024			(20,433	)		220,067
	Income (loss) before income taxes		-			(526,483	)		-			(1,476,008	)
	Income tax expense (benefit)		19,321			370,143			(1,121	)		67,060
	Net income (loss)	$	(19,321	)	$	(896,626	)	$	1,121		$	(1,543,068	)
Schedule of components of asset and liabilities classified as discontinued operations	'
		March 31,			September 30,
		2014			2013
	Cash	$	129,093		$	187,500
	Accounts receivable, net		(153,383	)		(268,431	)
	Retainages receivable		153,383			290,688
	Deferred tax asset		2,097,681			2,041,515
	Prepaid and other current assets		129,093			210,307
	Assets of discontinued operations-current		2,226,774			2,274,079
	Property, plant, and equipment, net		-			155,833
	Total assets of discontinued operations		2,226,774			2,429,912
	Accounts payable		589,406			1,357,349
	Accrued expenses and other current liabilities		4,487			13,116
	Liabilities of discontinued operations-current		593,893			1,370,465
	Liabilities of discontinued operations-long term		827,640			756,983
	Total liabilities of discontinued operations		1,421,533			2,127,448
	Net assets	$	805,241		$	302,464

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	6 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Schedule of basic and diluted earnings per share	'
		Three Months Ended			Three Months Ended			Six Months		Six Months
		March 31,			March 31,			March 31,		March 31,
		2014			2013			2014		2013
	Income (loss) from continuting operations	$	5,902		$	(302,383	)	$	453,381	$	(416,151	)
	Divdends on preferred stock		77,250			-			231,750		-
	Income (loss) available to common shareholders-continuing operations	$	(71,348	)	$	(302,383	)	$	221,631	$	(416,151	)
	Weighted average shares outstanding		14,513,169			14,446,836			14,520,276		14,458,836
	Weighted average shares outstanding-diluted		17,946,503			14,446,836			17,911,118		14,458,836
	Earnings (loss) per share from continuing operations	$	(0.005	)	$	(0.021	)	$	0.015	$	(0.029	)
	Earnings (loss) per share from continuing operations-diluted	$	(0.004	)	$	(0.021	)	$	0.012	$	(0.029	)
	Income (loss) from discontinued operations	$	(19,321	)	$	(896,626	)	$	1,121	$	(1,543,068	)
	Weighted average shares outstanding		14,513,169			14,446,836			14,520,276		14,458,836
	Weighted average shares outstanding-diluted		17,946,503			14,446,836			17,911,118		14,458,836
	Earnings (loss) per share from discontinued operations	$	(0.001	)	$	(0.062	)	$	0	$	(0.107	)
	Earnings (loss) per share from discontinued operations-diluted	$	(0.001	)	$	(0.062	)	$	0	$	(0.107	)
	Net income (loss)		(13,419	)		(1,199,009	)		454,502		(1,959,219	)
	Divdends on preferred stock		77,250			-			231,750		-
	Net income (loss) available to common shareholders	$	(90,669	)	$	(1,199,009	)	$	222,752	$	(1,959,219	)
	Earnings (loss) per share	$	(0.006	)	$	(0.083	)	$	0.015	$	(0.136	)
	Earnings (loss) per share-diluted	$	(0.005	)	$	(0.083	)	$	0.012	$	(0.136	)

BUSINESS_AND_ORGANIZATION_Deta

BUSINESS AND ORGANIZATION (Detail Textuals) (S.T. Pipeline, Inc., USD $)	0 Months Ended
	14-May-13
S.T. Pipeline, Inc.	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net income (loss)	$1,900,000

UNCOMPLETED_CONTRACTS_Costs_es

UNCOMPLETED CONTRACTS - Costs, estimated earnings, and billings on uncompleted contracts (Details) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Contractors [Abstract]	'	'
Costs incurred on uncompleted contracts	$152,312,717	$159,962,769
Estimated earnings, net of estimated losses	8,827,585	3,929,091
Costs of uncomplete contracts including net estimated earnings	161,140,302	163,891,860
Less billing to date	157,360,519	158,544,791
Unbilled contracts receivable	3,779,783	5,347,069
Costs and estimated earnings in excess of billings on uncompleted contracts	4,810,080	9,034,956
Less billings in excess of costs and estimated earnings on uncompleted contracts	1,030,297	3,697,887
Unbilled contracts receivable	$3,779,783	$5,337,069

UNCOMPLETED_CONTRACTS_Detail_T

UNCOMPLETED CONTRACTS (Detail Textuals) (USD $)	Mar. 31, 2014	Sep. 30, 2013
In Millions, unless otherwise specified
Contractors [Abstract]	'	'
Backlog of uncompleted contracts	$48.20	$52.60

CLAIMS_Detail_Textuals

CLAIMS (Detail Textuals) (USD $)	0 Months Ended	12 Months Ended
	Dec. 05, 2013	Sep. 30, 2013
Claims [Abstract]	'	'
Amount of settlement agreement	'	$2,350,000
Claims receivable	'	$2,200,000
Number of days of execution for payment received	'10 days	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Detail Textuals) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Aggregate principal amount of fixed-rate debt	$12.80
Fair vale of the company's fixed rate debt	12.7
Goodwill impairment charge	$36.90

DISCONTINUED_OPERATIONS_Operat

DISCONTINUED OPERATIONS - Operating results for S.T. Pipeline, Inc. (Details) (S.T. Pipeline, Inc., USD $)	0 Months Ended	3 Months Ended		6 Months Ended
	14-May-13	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
		Discontinued Operations	Discontinued Operations	Discontinued Operations	Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'
Revenue	'	($3,000)	$303,985	($3,000)	$1,796,504
Cost of revenues	'	-3,393	389,842	-106,734	2,681,961
Gross profit (loss)	'	393	-85,857	103,734	-885,457
Selling and administrative expenses	'	793	452,650	83,301	810,618
Income (loss) from operations	'	-400	-538,507	20,433	-1,696,075
Other income (expense)	'	'	'	'	'
Other nonoperating income (expense)	'	400	600	400	1,088
Interest expense	'	'	-489	'	-489
Gain (loss) on sale of equipment	'	'	11,913	-20,833	219,468
Other income (expense), before income tax	'	400	12,024	-20,433	220,067
Income (loss) before income taxes	'	'	-526,483	'	-1,476,008
Income tax expense (benefit)	'	19,321	370,143	-1,121	67,060
Net income (loss)	$1,900,000	($19,321)	($896,626)	$1,121	($1,543,068)

DISCONTINUED_OPERATIONS_Compon

DISCONTINUED OPERATIONS - Components of asset and liabilities that are classified as discontinued operations (Details 1) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets of discontinued operations-current	$2,226,774	$2,274,079
Property, plant, and equipment, net	'	155,833
Liabilities of discontinued operations-current	593,893	1,370,465
Liabilities of discontinued operations-long term	827,640	756,983
S.T. Pipeline, Inc. | Discontinued Operations	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Cash	129,093	187,500
Accounts receivable, net	-153,383	-268,431
Retainages receivable	153,383	290,688
Deferred tax asset	2,097,681	2,041,515
Prepaid and other current assets	129,093	210,307
Assets of discontinued operations-current	2,226,774	2,274,079
Property, plant, and equipment, net	'	155,833
Total assets of discontinued operations	2,226,774	2,429,912
Accounts payable	589,406	1,357,349
Accrued expenses and other current liabilities	4,487	13,116
Liabilities of discontinued operations-current	593,893	1,370,465
Liabilities of discontinued operations-long term	827,640	756,983
Total liabilities of discontinued operations	1,421,533	2,127,448
Net assets	$805,241	$302,464

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Detail Textuals) (S.T. Pipeline, Inc., USD $)	0 Months Ended
	14-May-13
S.T. Pipeline, Inc.	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'
Net income (loss)	$1,900,000

EARNINGS_PER_SHARE_Amounts_use

EARNINGS PER SHARE - Amounts used to compute earnings per share (Details) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'	'	'
Income (loss) from continuing operations	$5,902	($302,383)	$453,381	($416,151)
Dividends on preferred stock	77,250	'	231,750	'
Income (loss) available to common shareholders-continuing operations	-71,348	-302,383	221,631	-416,151
Weighted average shares outstanding (in shares)	14,513,169	14,446,836	14,520,276	14,458,836
Weighted average shares outstanding-diluted (in shares)	17,946,503	14,446,836	17,911,118	14,458,836
Earnings (loss) per share from continuing operations	($0.01)	($0.02)	$0.02	($0.03)
Earnings (loss) per share from continuing operations-diluted	($0.00)	($0.02)	$0.01	($0.03)
Income (loss) from discontinued operations	-19,321	-896,626	1,121	-1,543,068
Weighted average shares outstanding (in shares)	14,513,169	14,446,836	14,520,276	14,458,836
Weighted average shares outstanding - diluted (in shares)	17,946,503	14,446,836	17,911,118	14,458,836
Earnings (loss) per share from discontinued operations	($0.00)	($0.06)	$0	($0.11)
Earnings (loss) per share from discontinued operations-diluted	($0.00)	($0.06)	$0	($0.11)
Net income (loss)	-13,419	-1,199,009	454,502	-1,959,219
Divdends on preferred stock	77,250	'	231,750	'
Net income (loss) available to common shareholders	($90,669)	($1,199,009)	$222,752	($1,959,219)
Earnings (loss) per share	($0.01)	($0.08)	$0.02	($0.14)
Earnings (loss) per share -diluted	($0.01)	($0.08)	$0.01	($0.14)