Energy Services of America (ESOA) 10-K 17 Dec 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Sep. 30, 2015	Dec. 01, 2015	Mar. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Energy Services of America CORP
Entity Central Index Key	1,357,971
Trading Symbol	esoa
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Well-Known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		14,239,836
Entity Public Float			$ 11,840,036
Document Type	10-K
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Current assets
Cash and cash equivalents	$ 1,493,040	$ 2,654,154
Accounts receivable-trade	21,338,455	14,544,399
Allowance for doubtful accounts	(147,922)	(158,487)
Retainages receivable	3,313,995	1,278,418
Other receivables	265,695	347,421
Costs and estimated earnings in excess of billings on uncompleted contracts	6,745,377	9,326,557
Deferred tax asset	1,126,697	3,329,920
Prepaid expenses and other	2,372,968	1,823,132
Assets of discontinued operations	1,739,324	1,234,550
Total current assets	38,247,629	34,380,064
Property, plant and equipment, at cost	33,494,845	30,287,192
less accumulated depreciation	$ (25,075,178)	$ (22,381,955)
Assets of discontinued operations, net
Total fixed assets	$ 8,419,667	$ 7,905,237
Long-term notes receivable	137,281
Total assets	46,804,577	42,285,301
Current liabilities
Current maturities of long-term debt	2,376,577	2,538,461
Lines of credit and short term borrowings	4,516,235	760,132
Accounts payable	3,671,847	5,443,948
Accrued expenses and other current liabilities	4,301,439	3,485,042
Billings in excess of costs and estimated earnings on uncompleted contracts	2,672,294	723,161
Income tax payable	171,782	62,505
Liabilities of discontinued operations	101,409	387,227
Total current liabilities	17,811,583	13,400,476
Long-term debt, less current maturities	6,802,451	7,936,533
Deferred income taxes payable	1,903,907	2,480,016
Liabilities of discontinued operations		13,170
Total liabilities	$ 26,517,941	$ 23,830,195
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares, 206 issued at September 30, 2015 and 2014
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2015 and 2014	$ 1,484	$ 1,484
Treasury stock, 600,000 shares at September 30, 2015 and 2014	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(41,004,048)	(42,835,578)
Total shareholders' equity	20,286,636	18,455,106
Total liabilities and shareholders' equity	$ 46,804,577	$ 42,285,301

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Sep. 30, 2015	Sep. 30, 2014
Statement Of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 116,800,046	$ 93,273,139
Cost of revenues	105,935,841	84,761,921
Gross profit	10,864,205	8,511,218
Selling and administrative expenses	6,584,334	6,355,609
Income from operations	4,279,871	2,155,609
Other income (expense)
Interest income	1,278	1,191
Other nonoperating income	12,421	8,417
Interest expense	(761,079)	(841,975)
Gain on sale of equipment	179,031	37,477
Other income (expense), Total	(568,349)	(794,890)
Income from continuing operations before income taxes	3,711,522	1,360,719
Income tax expense (benefit)	1,597,332	(2,342,244)
Income from continuing operations	2,114,190	3,702,963
Dividends on preferred stock	309,000	386,250
Income from continuing operations available to common shareholders	1,805,190	3,316,713
Income (loss) from discontinued operations net of tax benefit of $26,340 in 2015 and tax expense of $54,766 in 2014	26,340	(54,766)
Net income available to common shareholders	$ 1,831,530	$ 3,261,947
Weighted average shares outstanding- basic (in shares)	14,239,836	14,392,194
Weighted average shares-diluted (in shares)	17,673,169	17,802,443
Earning per share from continuing operations available to common shareholders (in dollars per share)	$ 0.127	$ 0.230
Earnings per share from continuing operations-diluted available to common shareholders (in dollars per share)	0.102	0.186
Earnings per share available to common shareholders (in dollars per share)	0.129	0.227
Earnings per share-diluted available to common shareholders (in dollars per share)	$ 0.104	$ 0.183

CONSOLIDATED STATEMENTS OF INC5

CONSOLIDATED STATEMENTS OF INCOME (Parentheticals) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Tax benefit on Income (loss) from discontinued operations	$ 26,340	$ 54,766

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income available to common shareholders	$ 1,831,530	$ 3,261,947
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation expense	3,291,386	3,384,504
Gain on sale/disposal of equipment	(179,031)	(16,644)
Provision for deferred taxes	1,109,597	(2,242,078)
(Increase) decrease in contracts receivable	(6,804,621)	1,883,884
(Increase) decrease in retainage receivable	(2,035,577)	1,678,336
(Increase) decrease in other receivables	81,726	(53,042)
(Increase) decrease in cost and estimated earnings in excess of billings on uncompleted contracts	2,581,180	(291,601)
(Increase) decrease in prepaid expenses	(549,836)	368,419
Increase in notes receivable	(137,281)
Decrease in accounts payable	(2,095,715)	(1,876,562)
Increase in accrued expenses	791,688	95,314
Increase (decrease) in billings in excess of cost and estimated earnings on uncompleted contracts	1,949,133	(2,974,726)
Increase (decrease) in income taxes payable	171,782	(384,303)
Net cash provided by operating activities	5,961	2,833,448
Cash flows from investing activities:
Investment in property & equipment	(2,437,190)	(1,566,966)
Proceeds from sales of property and equipment	227,262	195,382
Net cash used in investing activities	$ (2,209,928)	(1,371,584)
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)	$ 3,756,103	(9,372,535)
Proceeds from long term debt	1,162,879	10,457,965
Principal payments on long term debt	(3,875,702)	(6,464,879)
Net cash provided by financing activities	1,043,280	(5,129,478)
Decrease in cash and cash equivalents	(1,160,687)	(3,667,614)
Cash beginning of period	2,672,268	6,339,882
Cash end of period	1,511,581	2,672,268
Supplemental schedule of noncash investing and financing activities:
Purchases of property & equipment under financing agreements	1,416,857	142,630
Insurance premiums financed	2,349,760	2,268,510
Cash paid during the year for:
Interest	761,079	914,125
Income taxes	243,998	396,000
Insurance premiums financed	2,343,657	2,479,708
Dividends paid on preferred stock	$ 309,000	$ 386,250

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid in Capital	Retained Earnings (deficit)	Treasury Stock	Total
Balance at Sep. 30, 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	$ 3	249,998			$ 250,001
Private placement of preferred stock (in shares)	25,000
Treasury stock purchased by company (in shares)	(300,000)			(30)	(30)
Net income available to common shareholders			3,261,947		$ 3,261,947
Balance at Sep. 30, 2014	$ 1,484	61,289,260	(42,835,578)	$ (60)	18,455,106
Balance (in shares) at Sep. 30, 2014	14,239,836
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income available to common shareholders			1,831,530		1,831,530
Balance at Sep. 30, 2015	$ 1,484	$ 61,289,260	$ (41,004,048)	$ (60)	$ 20,286,636
Balance (in shares) at Sep. 30, 2015	14,239,836

BUSINESS AND ORGANIZATION

BUSINESS AND ORGANIZATION	12 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
BUSINESS AND ORGANIZATION	1. BUSINESS AND ORGANIZATION: Energy Services of America Corporation (“Energy Services”) was formed in 2006 as a special purpose acquisition corporation, or blank check company. On August 15, 2008, Energy Services completed the acquisitions of S.T. Pipeline, Inc. (“S.T. Pipeline”) and C.J. Hughes Construction Company, Inc. (“C.J. Hughes”). Wholly owned subsidiary C.J. Hughes is a general contractor primarily engaged in pipeline construction for utility companies. C.J. Hughes operates primarily in the mid-Atlantic region of the United States. Nitro Electric, a wholly owned subsidiary of C. J. Hughes, is an electrical and mechanical contractor that provides its services to the power, chemical and automotive industries. Nitro Electric operates primarily in the mid-Atlantic region of the United States. Contractors Rental, a wholly owned subsidiary of C.J. Hughes provides union building trades employees for projects managed by C.J. Hughes. All of the C.J. Hughes, Nitro Electric, and Contractors Rental production personnel are union members of various related construction trade unions and are subject to collective bargaining agreements that expire at varying time intervals. S.T. Pipeline engaged in the construction of natural gas pipelines for utility companies in various states, mostly in the mid-Atlantic area of the country. On May 14, 2013, the Company liquidated the operation of S.T. and realized $1.9 million from the sale of assets. The financial position and results of operations of S.T. Pipeline have been presented as discontinued operations in the accompanying financial statements for all presented periods.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services and its consolidated subsidiaries. Use of Estimates and Assumptions The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and loss during the reporting period. Actual results could differ materially from those estimates. Cash and Cash Equivalents Energy Services considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Fair Value Measurements The Fair Value Measurements and Disclosures Topic Under the FASB’s authoritative guidance on fair value measurements, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. As noted above, there is a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 Level 2 Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amount for borrowings under the Company’s revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. The fair value of the Company’s long term fixed-rate debt to unrelated parties was estimated using a discounted cash flow analysis and a yield rate that was estimated based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $13.7 million at September 30, 2015 was $13.6 million. The Company uses fair value measurements on a non-recurring basis in its assessment of goodwill and long-lived assets held and used. In accordance with its annual impairment test during the quarter ended September 30, 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses, all of which are classified as Level 3 within the fair value hierarchy. The amount and timing of future cash flows was based on our most recent operational budgets. The Company uses the assistance of third party specialists to develop valuation assumptions. Refer to Note 4, Goodwill and Intangible Assets, for further information. Accounts Receivable and Allowance for Doubtful Accounts The Company provides an allowance for doubtful accounts when collection of an account or note receivable is considered doubtful, and receivables are written off against the allowance when deemed Property and Equipment Property and equipment are recorded at cost. Costs which extend the useful lives or increase the productivity of the assets are capitalized, while normal repairs and maintenance that do not extend the useful life or increase productivity of the asset are expensed as incurred. Property and equipment are depreciated principally on the straight-line Goodwill and Other Intangibles The Company’s goodwill was acquired in two separate purchase transactions that were consummated on August 15, 2008. The Company selected July 1 for its annual impairment testing date, which is the first day of the fourth fiscal quarter. In accordance with U.S. Generally Accepted Accounting Principles, goodwill was to be tested for impairment between annual testing dates if an event occurred or circumstances changed that would have more likely than not reduced the fair value of a reporting unit below its carrying amount. An impairment charge of $36.9 million was recorded in the fourth fiscal quarter of 2012 as further disclosed in Note 4 to the financial statements. Impairment of Long-Lived Assets A long-lived asset shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset would be compared to the asset’s carrying amount to determine if a write-down to market value is required. Revenue Recognition Revenues from fixed price contracts are recognized using the percentage-of-completion method, measured by the percentage of costs incurred to date to total estimated costs at completion. These contracts provide for a fixed amount of revenues for the entire project. Such contracts provide that the customer accept completion of progress to date and compensate us for the services rendered, measured in terms of units installed, hours expended or some other measure of progress. Contract costs include all direct material, labor and subcontract costs and those indirect costs related to contract performance, such as indirect labor, tools and expendables. The cost estimates are based on the professional knowledge and experience of the Company’s engineers, project managers and financial professionals. Changes in job performance, job conditions, and others all affect the total estimated costs at completion. The effects of these changes are recognized in the period in which they occur. Provisions for the total estimated losses on uncompleted contracts are made in the period in which such losses are determined. The current asset “Costs and estimated earnings in excess of billings on uncompleted contracts” represents revenues recognized in excess of amounts billed for fixed price contracts. The current liability “Billings in excess of costs and estimated earnings on uncompleted contracts” represents billings in excess of revenues recognized for fixed price contracts. Revenue on all costs plus and time and material contracts are recognized when services are performed or when units are completed. Claims Claims are amounts in excess of the agreed contract price that a contractor seeks to collect from customers or others for customer-caused delays, errors in specifications and designs, contract terminations, change orders in dispute or unapproved as to both scope and price, or other causes of unanticipated additional costs. The Company records revenue on claims that have a high probability of success. Revenue from a claim is recorded only to the extent that contract costs relating to the claim have been incurred. Self Insurance The Company has its workers compensation, general liability and auto insurance through a captive insurance company. While the Company believes that this arrangement has been very beneficial in reducing and stabilizing insurance costs the Company does have to maintain a restricted cash account to guarantee payments of premiums. That restricted account had a balance of $1.6 million as of September 30, 2015. Should the captive experience severe losses over an extended period, it could have a detrimental effect on the Company. Advertising All advertising costs are expensed as incurred. Total advertising expense was $40,000 and $71,600 for the years ended September 30, 2015 and 2014, respectively. In fiscal year 2014, both C.J. Hughes and Nitro Electric invested in updating their corporate identities and marketing materials. Stock Compensation Plans The Company has issued restricted stock under its Long-Term Incentive Plan. The Company accounts for its equity based compensation as prescribed by U.S. Generally Accepted Accounting Principles for share-based payments. The Company has adopted a fair value based method of accounting for employee equity based plans, whereby compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. As a result, compensation expense relating to stock compensation plans will be reflected in net income as part of “Salaries and employee benefits” on the Consolidated Statements of Income. For the year ending September 30, 2015 and 2014 respectively, $0 and $0 was recognized as compensation expense. Income Taxes The Company and all subsidiaries file a consolidated federal and various state income tax returns on a fiscal year basis. With few exceptions, the company is no longer subject to U.S. federal, state, or local income tax examinations for years ending prior to September 30, 2008. The Company follows the liability method of accounting for income taxes in accordance with U.S. Generally Accepted Accounting Principles. Under this method, deferred tax assets and liabilities are recorded for future tax consequences of temporary differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the underlying assets or liabilities are recovered or settled. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. U.S. GAAP also prescribes a comprehensive model for how companies should recognize, measure, present and disclose in their financial statements uncertain tax positions taken or to be taken on a tax return. Earnings Per Common Share Basic earnings per share is computed using the weighted average number of common shares outstanding during the year, and diluted earnings per share is computed using the weighted average number of common shares outstanding during the year adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive. Collective Bargaining Agreements Certain Energy Services subsidiaries are party to collective bargaining agreements with unions representing certain of their employees. The agreements require such subsidiaries to pay specified wages and provide certain benefits to the union employees. These agreements expire at various times and have typically been renegotiated and renewed on terms that are similar to the ones contained in the expiring agreements. Under certain collective bargaining agreements, the applicable Energy Services subsidiary is required to make contributions to multi-employer pension plans. If the subsidiary were to cease participation in one or more of these plans, a liability could potentially be assessed related to any underfunding of these plans. The amount of such assessment, were one to be made, cannot be reasonably estimated. Litigation Costs The Company reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Litigation costs are expensed as incurred. Reclassifications Certain reclassifications have been made to prior year end financial statements to conform to the classification adopted of the current year. New Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. In June 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers“(“ASU 2014-09”). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606 Revenue from Contracts with Customers. With the amendments in ASU 2015-14, ASU 2014-09 will be effective for the Company beginning after December 15, 2017, including interim periods. The Company expects that the adoption of ASU 2014-09 will not have a material impact on its financial statements or disclosure.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	3. DISCONTINUED OPERATIONS Due to organizational changes and operating losses incurred in fiscal year 2012, the Company decided to discontinue the operations of the wholly owned subsidiary S.T. Pipeline, Inc. The Company liquidated the assets of S.T. Pipeline on May 14, 2013. The net proceeds of $7,233,913 went to a designated bank group to reduce the balance on the Company’s Line of Credit (LOC) and term note balances. The operating results for S.T. Pipeline, Inc. for the years ended September 30, 2015 and 2014 are as follows: 2015 2014 Revenue $ - $ (3,000 ) Cost of revenues - (106,734 ) Gross profit from discontinued operations - 103,734 Selling and administrative expenses - 83,301 Income from discontinued operations - 20,433 Other income (expense) Other nonoperating income - 400 Loss on sale of equipment - (20,833 ) - (20,433 ) Income before income taxes - - Income tax expense (benefit) (26,340 ) 54,766 Net income (loss) from discontinued operations $ 26,340 $ (54,766 ) The following table shows the components of asset and liabilities that are classified as discontinued operations in the Company’s consolidated balances sheets for the years ended September 30, 2015 and 2014. September 30, September 30, 2015 2014 Cash $ 18,541 $ 18,114 Deferred tax asset 1,720,783 1,216,436 Assets of discontinued operations-current 1,739,324 1,234,550 Property, plant, and equipment, net - - Total assets of discontinued operations 1,739,324 1,234,550 Accounts payable 80,345 403,959 Accrued expenses and other current liabilities 21,064 (16,732 ) Liabilities of discontinued operations-current 101,409 387,227 Liabilities of discontinued operations-long term - 13,170 Total liabilities of discontinued operations 101,409 400,397 Net assets $ 1,637,915 $ 834,153 Cash flows from discontinued operations for years ended September 30, 2015 and 2014 are as follows: 2015 2014 Cash Flows from operating activities: Net income (loss) $ 26,340 $ (54,766 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Gain loss on sale/disposal of equipment - 20,833 Provision for deferred taxes (517,517 ) 81,266 Increase in contracts receivable - (268,431 ) Decrease in retainage receivable - 290,688 Decrease in other receivables - 22,807 Decrease in accounts payable (323,614 ) (953,390 ) Increase (decrease) in accrued expenses (24,709 ) 32,657 Advance from parent 777,422 586,455 Increase (decrease) in income tax payable 62,505 (62,505 ) Net cash provided by (used in) operating activities 427 (304,386 ) Cash flows from investing activities: Proceeds from sales of property and equipment - 135,000 Net cash provided by investing activities - 135,000 Cash flows from financing activities: Principle payments on long term debt - - Net cash provided by (used in) financing activities - - Increase (decrease) in cash and cash equivalents 427 (169,386 ) Cash beginning of period 18,114 187,500 Cash end of period $ 18,541 $ 18,114 Supplemental schedule of noncash investing and financing activities: None $ - $ - Supplemental disclosures of cash flows information: None $ - $ - Continuing cash flows are expected to be generated through December 31, 2015.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	4. GOODWILL AND INTANGIBLE ASSETS A summary of changes in the Company’s goodwill is as follows: Year Ended September 30, 2015 2014 Balance at beginning of year $ - $ - Impairment - - Balance at end of year $ - $ - In the fourth fiscal quarter of 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The Company determined that its goodwill was impaired largely due to lower revenue and profitability associated with the Company’s long term financial forecasts. The Company measured the amount of impairment by calculating the amount by which the carrying value exceeded the estimated fair value which was based on projected discounted cash flows (level 3). The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses. The amount and timing of future free cash flows was based on current operational budgets and long range strategic plans. The Company uses the assistance of third party specialists to develop valuation assumptions. The Company’s operating losses in fiscal years 2011 and 2012 and the Forbearance Agreement existing at that time were considered in the cash flow analysis.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
ACCOUNTS RECEIVABLE	5. ACCOUNTS RECEIVABLE Activity in the Company’s allowance for doubtful accounts consists of the following: Year Ended September 30, 2015 2014 Continuing Operations Balance at beginning of year $ 158,487 $ 236,657 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries (10,565 ) (78,170 ) Balance at end of year $ 147,922 $ 158,487 Discontinued Operations Balance at beginning of year $ - $ 300,000 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries - (300,000 ) Balance at end of year $ - $ -

UNCOMPLETED CONTRACTS

UNCOMPLETED CONTRACTS	12 Months Ended
	Sep. 30, 2015
Contractors [Abstract]
UNCOMPLETED CONTRACTS	6. UNCOMPLETED CONTRACTS Costs, estimated earnings, and billings on uncompleted contracts are summarized as follows: Year Ended September 30, 2015 2014 Costs incurred on contracts in progress $ 124,388,637 $ 114,771,991 Estimated earnings, net of estimated losses 17,475,207 10,765,989 141,863,844 125,537,980 Less billings to date 137,790,761 116,934,584 $ 4,073,083 $ 8,603,396 Costs and estimated earnings in excess of billed on uncompleted contracts $ 6,745,377 $ 9,326,557 Less billings in excess of costs and estimated earnings on uncompleted contracts 2,672,294 723,161 $ 4,073,083 $ 8,603,396

CLAIMS

CLAIMS	12 Months Ended
	Sep. 30, 2015
Claims [Abstract]
CLAIMS	7. CLAIMS The Company does not have any claims receivable as of September 30, 2015. Claims receivable is a component of cost and estimated earnings in excess of billing.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	8. PROPERTY AND EQUIPMENT Property and Equipment consists of the following: Year Ended September 30, 2015 2014 Land $ 1,141,707 $ 777,231 Buildings and leasehold improvements 1,937,547 703,037 Operating equipment and vehicles 29,922,752 28,268,036 Office equipment, furniture and fixtures 485,537 439,557 Assets not yet in service 7,302 99,331 33,494,845 30,287,192 Less accumulated depreciation 25,075,178 22,381,955 Property and equipment, net $ 8,419,667 $ 7,905,237

SHORT-TERM DEBT

SHORT-TERM DEBT	12 Months Ended
	Sep. 30, 2015
Short-Term Debt [Abstract]
SHORT-TERM DEBT	9. SHORT-TERM DEBT Short-term debt consists of the following: On February 27, 2015, the Company established a $10.0 million line of credit with United Bank, Inc. The interest rate on the line of credit is the “Wall Street Journal” Prime Rate (the index) with a floor of 6.0%. Cash available under the line is calculated based on a percentage of the accounts receivable with certain exclusions. Major items excluded from the calculation are certain percentages of receivables from bonded jobs and retainage as well as all items greater than one hundred twenty (120) days old. At September 30, 2015 the Company had borrowed $4,500,000 against the line of credit. The line of credit matures on February 27, 2016, but the Company expects the line of credit will be renewed annually. The Company also finances insurance policy premiums on a short-term basis through a financing company. These insurance policies include: workers’ compensation, general liability, automobile, umbrella, and equipment policies. It is typical that the Company makes a down payment in January and finances the remaining premium amount over nine or ten monthly payments. In January 2015, The Company financed $2.3 million in insurance premium policies. At September 30, 2015, the balance of the remaining premiums to be paid was $16,000.

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	10. LONG-TERM DEBT A summary of long-term debt as of September 30, 2015 and 2014 is as follows: 2015 2014 Line of credit payable to bank, monthly interest at 6.5%, final payment due by May 25, 2015. $ - $ 750,000 Line of credit payable to bank, monthly interest at 6.0%, final payment due by February 27, 2016. 4,500,000 - Note payable to bank, due in monthly installments of $5,000, including interest at 6.75%, final payment due June 2017, secured by real estate, vehicles, and equipment. - 185,828 Notes payable to finance companies, due in monthly installments totaling $40,603 including interest ranging from 1.0% to 10.09%, final payments due October 2015 through June 2019, secured by equipment. 663,425 1,057,309 Notes payable to bank, due in monthly installments totaling $7,799, including interest at 4.75%, final payment due November 2034 secured by building and property. 1,172,732 - Notes payable to bank, due in monthly installments totaling $172,473, including interest at 6.5%, final payment due February 2019 secured by equipment. 6,196,209 7,800,338 Notes payable to bank, due in monthly installments totaling $30,900, including interest at 5.0%, final payment due February 2019 secured by equipment. 1,162,897 - Notes payable to bank, due in monthly installments totaling $29,983, including interest at 3.55%, final payment due February 2019 secured by equipment. - 1,441,651 Total Debt 13,695,263 11,235,126 Less current maturities 6,892,812 3,298,593 Total long term debt $ 6,802,451 $ 7,936,533 Future expected payments due on long-term debt are as follows: 2016 $ 6,892,812 2017 2,397,257 2018 2,447,887 2019 927,403 2020 66,397 Thereafter 963,507 $ 13,695,263

INCOME TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	11. INCOME TAXES The components of income taxes are as follows: Year Ended September 30, 2015 2014 Federal Current $ 2,001,910 $ (1,227,207 ) Deferred (373,170 ) (886,403 ) Total 1,628,740 (2,113,610 ) State Current 8,106 (17,444 ) Deferred (65,854 ) (156,424 ) Total (57,748 ) (173,868 ) Total income tax expense (benefit) $ 1,570,992 $ (2,287,478 ) The provision for income taxes differs from the amount computed by applying the federal statutory rate of 34% on income from operations, as indicated in the following analysis: Year Ended September 30, 2015 2014 Statutory rate 34.00 % 34.00 % Meals 6.13 % 12.00 % Other 1.98 % 2.36 % Valuation allowance -7.15 % -237.39 % State income taxes 7.36 % 21.25 % Effective tax rate 42.32 % -167.78 % Deferred income taxes provide for significant differences between the basis of assets and liabilities for financial reporting and income tax reporting. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. The income tax effects of temporary differences giving rise to the deferred tax assets and liabilities are as follows: Year Ended September 30, 2015 2014 Deferred income tax assets Net operating loss carryforward $ 1,218,114 $ 3,018,763 Other deferred assets 1,683,683 1,847,108 Less valuation allowance (54,317 ) (319,515 ) Total deferred income tax assets 2,847,480 4,546,356 Continuing operations 1,126,697 3,329,920 Discontinued operations 1,720,783 1,216,436 Total deferred income tax assets $ 2,847,480 $ 4,546,356 Deferred income tax liabilities Current Claims in progress $ - $ - Total deferred income tax liabilities-Current - - Continuing operations - - Discontinued operations - - Total deferred income tax liabilities-Current $ - $ - Long-term Property and equipment $ 1,895,577 $ 2,219,022 Other deferred liabilities 8,330 274,164 Total deferred income tax liabilities-LT 1,903,907 2,493,186 Continuing operations 1,903,907 2,480,016 Discontinued operations - 13,170 Total deferred income tax liabilities-LT $ 1,903,907 $ 2,493,186 In fiscal year 2012, the Company established a valuation allowance against its deferred tax assets to offset a significant portion of the Company’s federal and state tax net operating loss (NOL) benefits that were not expected to be used in future years due to the Going Concern opinion. With the Company’s improved financial condition in fiscal year 2014 and projections that NOL carry forwards will continued to be used, the Company reversed a $3.5 million valuation allowance that previously existed. This resulted in the $2.3 million tax benefit recognized in fiscal year 2014. At September 30, 2014, the Company had tax assets related to federal NOL carry forwards valued at $2.7 million with no federal NOL valuation allowance remaining. At September 30, 2015, the Company had tax assets related to federal NOL carry forwards valued at $1.1 million. The Company had a net operating loss carryover for federal income tax purposes at September 30, 2014 of $7,663,156 available to offset future taxable income. In 2015, $4,460,807 of loss carryover was applied to taxable income, decreasing the carryover to $3,202,349. The carryovers expire beginning in the year ended September 30, 2024. The Company does not believe that it has any unrecognized tax benefits included in its consolidated financial statements that require recognition. The Company has not had any settlements in the current period with taxing authorities, nor has it recognized tax benefits as a result of a lapse of the applicable statute of limitations. The Company recognizes interest and penalties accrued related to unrecognized tax benefits, if applicable, in general and administrative expenses.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	12. EARNINGS PER SHARE Earnings per share for the years ended September 30, 2015 and 2014 are as follow: 2015 2014 Income from continuing operations $ 2,114,190 $ 3,702,963 Dividends on preferred stock 309,000 386,250 Income available to common shareholders-continuing operations $ 1,805,190 $ 3,316,713 Weighted average shares outstanding 14,239,836 14,392,194 Weighted average shares outstanding-diluted 17,673,169 17,802,443 Earnings per share from continuing operations available to common shareholders $ 0.127 $ 0.230 Earnings per share from continuing operations available to common shareholders-diluted $ 0.102 $ 0.186 Income (loss) from discontinued operations $ 26,340 $ (54,766 ) Weighted average shares outstanding 14,239,836 14,392,194 Weighted average shares outstanding-diluted 17,673,169 14,392,194 Earnings (loss) per share from discontinued operations $ 0.002 $ (0.004 ) Earnings (loss) per share from discontinued operations-diluted $ 0.001 $ (0.004 ) Net income $ 2,140,530 $ 3,648,197 Dividends on preferred stock 309,000 386,250 Net income available to common shareholders $ 1,831,530 $ 3,261,947 Earnings per share available to common shareholders $ 0.129 $ 0.227 Earnings per share available to common shareholders-diluted $ 0.104 $ 0.183

STOCK PURCHASE PLAN

STOCK PURCHASE PLAN	12 Months Ended
	Sep. 30, 2015
Stock Purchase Plan [Abstract]
STOCK PURCHASE PLAN	13. STOCK PURCHASE PLAN At the annual meeting of the shareholders on November 19, 2008 the shareholders approved the establishment of an employee stock purchase plan. The stock purchase plan authorizes the issuance of up to 1,200,000 shares of common stock for purchase by eligible employees. A participant’s stock purchased during a calendar year may not exceed the lesser of (a) a percentage of the participant’s compensation or a total amount as specified by the compensation committee of the Board, or (b) $25,000. The stock will be offered at a purchase price of at least 85% of its fair market value on the date of purchase. The major plan provisions cover the purposes of the plan, effective date and duration, administration, eligibility, stock type, stock purchase limitations, price of stock, participation election, payroll deductions, payment for stock, date of purchase, termination of agreement, termination of employment, recapitalization, change of control, assignability, Stockholder rights, compliance with Internal Revenue Code Section 423, amendment and termination, application of funds, tax withholdings, governing laws, employment at will and arbitration. There have been no agreements with any employees made under this plan as of the year ended September 30, 2015.

LONG TERM INCENTIVE PLAN

LONG TERM INCENTIVE PLAN	12 Months Ended
	Sep. 30, 2015
Long Term Incentive Plan Disclosure [Abstract]
LONG TERM INCENTIVE PLAN	14 LONG TERM INCENTIVE PLAN At the annual meeting of the shareholders on August 11, 2010 the shareholders approved the Energy Services of America Corporation Long Term Incentive Plan (the “LTIP”), to provide employees and directors of Energy Services of America Corporation (the “Company”) with additional incentives to promote the growth and performance of the Company. At September 30, 2011 future awards of 1,149,000 shares could be made under the plan. On August 11, 2010 a total of 51,000 shares were granted to six officers of the Company at a grant date fair value per share of $4.22. These grants vested over a period of three years. Market value of the grants was $215,220 and was recognized as compensation expense over the vesting period. For the years ending September 30, 2015 and 2014, respectively, $0 and $0 were recognized as compensation expense and $0 and $0 as deferred tax benefit as a result of these grants. The holders of the restricted stock do not receive dividends and do not have the right to vote the shares. All stock grants have vested or been forfeited as of September 30, 2015.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	15. RELATED PARTY TRANSACTIONS We intend that all transactions between us and our executive officers, directors, holders of 10% or more of the shares of any class of our common stock and affiliates thereof, will be on terms no less favorable than those terms given to unaffiliated third parties and will be approved by a majority of our independent outside directors not having any interest in the transaction. Prior to a $1,163,000 refinancing agreement with United Bank, Inc. on September 16, 2015, the Company had a five year term note agreement with First Guaranty Bank, Hammond, Louisiana. Mr. Marshall Reynolds is the Chairman of the Board of Directors of First Guaranty Bank and owns greater than 10% of the common stock of First Guaranty Bank’s holding company, First Guaranty Bancshares, Inc. In addition, Messrs. Douglas Reynolds and Jack Reynolds, the sons of Marshall Reynolds, are also significant stockholders of First Guaranty Bancshares, Inc. The largest aggregate amount of principal outstanding of the loan was $1,644,690. As of September 16, 2015, we paid approximately $482,000 in principal and approximately $88,000 in interest since the beginning of the loan, January 31, 2014. The interest rate on the loan was 3.55%. Other than as disclosed above, there were no transactions. Certain Energy Services subsidiaries routinely engage in transactions in the normal course of business with each other, including sharing employee benefit plan coverage, payment for insurance and other expenses on behalf of other affiliates, and other services incidental to business of each of the affiliates. All revenue and related expense transactions, as well as the related accounts payable and accounts receivable have been eliminated.

LEASE OBLIGATIONS

LEASE OBLIGATIONS	12 Months Ended
	Sep. 30, 2015
Leases [Abstract]
LEASE OBLIGATIONS	17. LEASE OBLIGATIONS The Company leases various equipment and office space under operating lease agreements with terms up to 60 months, with renewal options of up to an additional 60 months. The future minimum lease payments under operating leases as of September 30, 2015, are as follows: 2016 $ 91,345 2017 50,346 2018 16,603 2019 - 2020 - $ 158,294

MAJOR CUSTOMERS

MAJOR CUSTOMERS	12 Months Ended
	Sep. 30, 2015
Major Customers [Abstract]
MAJOR CUSTOMERS	18. MAJOR CUSTOMERS Revenues for the year ending September 30, 2015 were $116.8 million. Two major customers accounted for more than 10% each and totaled 37.4% of revenues. Receivables from two major customers were greater than 10% individually and totaled $10.1 million, which represented 47.1% of the total receivables at September 30, 2015. Virtually all work performed for major customers was awarded under competitive bid fixed price or unit price arrangements. The loss of a major customer could have a severe impact on the profitability of operations of the Company. However, due to the nature of the Company’s operations, the major customers and sources of revenues may change from year to year.

RETIREMENT AND EMPLOYEE BENEFIT

RETIREMENT AND EMPLOYEE BENEFIT PLANS	12 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT AND EMPLOYEE BENEFIT PLANS	19. RETIREMENT AND EMPLOYEE BENEFIT PLANS In 2015 and 2014, C. J. Hughes Construction Company, Inc., maintained a tax-qualified 401(k) retirement plans for union employees. Employees can contribute up to 15% of eligible wages, provided the compensation deferred for a plan year did not exceed the indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2015 and $17,500 for 2014. C. J. Hughes’ match of $0.25 on each dollar contributed up to 6% of eligible wages was previously discontinued in January 2013, but was reinstated in April 2014. C. J. Hughes contributed $5,401 for the fiscal year ended September 30, 2015 to the union plan. Additionally, each plan year, C. J. Hughes may make a discretionary profit-sharing contribution for participants who are actively employed on the last day of the plan year. No discretionary profit-sharing contribution was made for the 2015 or 2014 plan year. Additionally, C. J. Hughes maintained a tax qualified 401(k) retirement plan for non-union employees. The C. J. Hughes plan provided that employees can contribute up to 15% of eligible wages, provided the compensation deferred for a plan year did not exceed the indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2015 and $17,500 for 2014. C. J. Hughes’ match of $0.25 on each dollar contributed up to 6% of eligible wages was previously discontinued in January of 2013, but reinstated in April 2014. Additionally, each plan year, C. J. Hughes may make a discretionary profit-sharing contribution for participants who are actively employed on the last day of the plan year. No discretionary profit-sharing contribution was made for the 2015 or 2014 plan year. Effective November 1, 2009, ST Pipeline, Inc. a wholly owned subsidiary of the Company became an adopting employer of the 401(k) retirement plan for non-union employees sponsored by C. J. Hughes Construction Company, Inc. In 2009, Nitro Electric, a wholly owned subsidiary of the Company maintained a tax-qualified 401(k) retirement plan for non-union employees. Employees are eligible to participate upon date of hire. Employees may contribute eligible wages up to maximum indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2015 and $17,500 for 2014. Nitro Electric may make annual discretionary matching contributions and/or profit sharing contributions to the plan. The matching contribution formula for the 2015 and 2014 plan year was $0.25 on each dollar contributed up to 6% of eligible wages. The match was previously discontinued in January 2013, but was reinstated in April 2014. No profit sharing contribution was made for the 2015 or 2014 plan year. Effective December 1, 2009, the C. J. Hughes Construction Company, Inc. 401(k) Plan for non-union employees was amended and restated and the Nitro Electric 401(k) Plan for non-union employees was merged into the C. J. Hughes Construction Company, Inc. 401(k) Plan for non-union employees. Employees are immediately eligible for the Plan upon date of hire but must wait until a quarterly entry date to join the Plan. Employees may contribute eligible wages up to the maximum indexed dollar amount set by the Internal Revenue Service which was $18,000 for 2015 and $17,500 for 2014. C. J. Hughes’ match of $0.25 on each dollar contributed up to 6% of eligible wages was previously discontinued in January of 2013, but was reinstated in April 2014. Additionally, each plan year C. J. Hughes may make discretionary profit sharing contributions for participants who are actively employed on the last day of the plan year. No discretionary profit sharing contribution was made for the 2015 or 2014 plan year. Effective January 1, 2010, Energy Services of America became the successor plan sponsor of the C. J. Hughes Construction Company, Inc. 401(k) Plan for non-union employees. The Plan was renamed the Energy Services of America Staff Retirement Plan. The four wholly owned subsidiaries, C. J. Hughes Construction Company, Inc., Nitro Electric Company, Inc., Contractors Rental Corporation, and ST Pipeline adopted the Plan on behalf of their non-union employees. Energy Services of America and its wholly owned subsidiaries contributed $57,098 for the fiscal year ended September 30, 2015.

CREDIT RISK

CREDIT RISK	12 Months Ended
	Sep. 30, 2015
Risks and Uncertainties [Abstract]
CREDIT RISK	20. CREDIT RISK Financial instruments which potentially subject the Company to credit risk consist primarily of cash, cash equivalents and contract receivables. The Company places its cash with high quality financial institutions. At times, the balances in such institutions may exceed the FDIC insurance limit of $250,000 on interest bearing accounts. As of September 30, 2015, the Company had no uninsured bank balances. The Company performs periodic credit evaluations of its customer’s financial condition and generally does not require collateral. Credit losses consistently have been within management’s expectations.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	21. COMMITMENTS AND CONTINGENCIES During the normal course of operations, the companies are subject to certain subcontractor claims, mechanic’s liens, and other litigation. Management is of the opinion that no material obligations will arise from any pending legal proceedings. Accordingly, no provision has been made in the financial statements for such litigation.

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY FINANCIAL DATA (UNAUDITED)	22. QUARTERLY FINANCIAL DATA (UNAUDITED) Quarterly financial data for 2014 and 2015 are summarized below: 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing Operations Revenue $ 25,050,410 $ 14,044,424 $ 21,486,057 $ 32,692,248 $ 93,273,139 Operating Income (loss) 407,408 (155,023 ) 191,663 1,711,561 2,155,609 Net income from continuing operations 447,479 5,902 543,887 2,705,695 3,702,963 Dividends on preferred stock 154,500 77,250 77,250 77,250 386,250 Net income (loss) available to common shareholders $ 292,979 $ (71,348 ) $ 466,637 $ 2,628,445 $ 3,316,713 Weighted-basic shares outstanding 14,527,227 14,513,169 14,239,836 14,239,836 14,392,194 Weighted-diluted shares outstanding 17,876,503 17,946,503 17,673,169 17,673,169 17,802,443 Earnings (loss) per share from continuing operations available to common shareholders $ 0.020 $ (0.005 ) $ 0.033 $ 0.185 $ 0.230 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.016 $ (0.004 ) $ 0.026 $ 0.149 $ 0.186 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Discontinued Operations Revenue $ - $ (3,000 ) $ - $ - $ (3,000 ) Operatining Income 20,833 (400 ) - - 20,433 Net Income (loss) from discontinued operations $ 20,442 $ (19,321 ) $ (27,849 ) $ (28,038 ) $ (54,766 ) Weighted-basic shares outstanding 14,527,227 14,513,169 14,239,836 14,239,836 14,392,194 Weighted-diluted shares outstanding 17,876,503 14,513,169 14,239,836 14,239,836 14,392,194 Earnings (loss) per share from discontinued operations $ 0.001 $ (0.001 ) $ (0.002 ) $ (0.002 ) $ (0.004 ) Earnings (loss) per share from discontinued operations-diluted $ 0.001 $ (0.001 ) $ (0.002 ) $ (0.002 ) $ (0.004 ) 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing Operations Revenue $ 23,145,595 $ 20,871,013 $ 35,120,857 $ 37,662,581 $ 116,800,046 Operating Income (loss) 212,161 (408,754 ) 1,413,619 3,062,845 4,279,871 Net income (loss) from continuing operations (172,033 ) (167,395 ) 779,638 1,673,980 2,114,190 Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ (249,283 ) $ (244,645 ) $ 702,388 $ 1,596,730 $ 1,805,190 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 14,239,836 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ (0.018 ) $ (0.017 ) $ 0.049 $ 0.112 $ 0.127 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ (0.018 ) $ (0.017 ) $ 0.040 $ 0.090 $ 0.102 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Discontinued Operations Revenue $ - $ - $ - $ - $ - Operatining Income - - - - - Net Income (loss) from discontinued operations $ 36,842 $ (27,848 ) $ 4,176 $ 13,170 $ 26,340 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 14,239,836 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from discontinued operations $ 0.003 $ (0.002 ) $ 0.000 $ 0.001 $ 0.002 Earnings (loss) per share from discontinued operations-diluted $ 0.003 $ (0.002 ) $ 0.000 $ 0.001 $ 0.001

CONDENSED PARENT COMPANY ONLY F

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	23. CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) BALANCE SHEETS As of September 30, 2015 and 2014 2015 2014 Assets Current assets Cash and cash equivalents $ 564,044 $ 1,493,613 Other receivables 1,417 170,889 Deferred tax asset 3,583,128 3,305,800 Prepaid expenses and other 2,044,502 1,436,833 Total current assets 6,193,091 6,407,135 Property, plant and equipment, at cost 227,894 227,894 less accumulated depreciation (213,061 ) (211,621 ) 14,833 16,273 Due from affiliates 6,852,724 6,146,489 Investment in subsidiaries 19,519,637 16,575,490 Total assets $ 32,580,285 $ 29,145,387 Liabilities and shareholders’ equity Current liabilities Current maturities of long-term debt $ 2,037,840 $ 1,923,623 Lines of credit and short term borrowings 4,516,235 760,132 Accounts payable 86,219 85,679 Accrued expenses and other current liabilities 325,084 335,897 Total current liabilities 6,965,378 3,105,331 Long-term debt, less current maturities 5,321,266 7,318,345 Deferred income taxes payable 7,005 266,605 Total liabilities 12,293,649 10,690,281 Shareholders’ equity Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2015 and 2014 - - Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2015 and 2014 1,484 1,484 Treasury stock, 600,000 shares at September 30, 2015 and 2014 (60 ) (60 ) Additional paid in capital 61,289,260 61,289,260 Retained earnings (deficit) (41,004,048 ) (42,835,578 ) Total shareholders' equity 20,286,636 18,455,106 Total liabilities and shareholders' equity $ 32,580,285 $ 29,145,387 ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) STATEMENTS OF INCOME For the years ended September 30, 2015 and 2014 2015 2014 General and administrative expenses $ 1,302,892 $ 1,764,184 Net loss from operations before taxes (1,302,892 ) (1,764,184 ) Other nonoperating expense (1,479 ) (4,382 ) Interest income 1,278 - Interest expense (640,472 ) (674,232 ) Interest allocation to subsidiaries 603,020 498,844 Net loss before tax (1,340,545 ) (1,943,954 ) Income tax benefit (536,928 ) (530,210 ) Net loss from parent (803,617 ) (1,413,744 ) Equity in undistributed income income of subsidiaries 2,944,147 5,061,941 Dividends on preferred stock (309,000 ) (386,250 ) Net income available to common shareholders $ 1,831,530 $ 3,261,947 Weighted average shares outstanding- basic 14,239,836 14,392,194 Weighted average shares-diluted 17,673,169 17,802,443 Net earnings per share-basic available to common shareholders $ 0.129 $ 0.227 Net earnings per share-diluted available to common shareholders $ 0.104 $ 0.183 ENERGY SERVICES OF AMERICA CORPORATION (Parent Only) CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended September 30, 2015 and 2014 2015 2014 Cash flows form operating activities: Net income available to common shareholders $ 1,831,530 $ 3,261,947 Adjustments to reconcile net income to net cash provided by operating activities Provision for current tax benefit (275,751 ) (779,557 ) Provision for deferred income tax expense (261,177 ) 249,347 Depreciation expense 1,440 8,223 Equity in undistributed income of subsidiaries (2,944,147 ) (5,061,941 ) Advances from subsidiaries (706,235 ) 4,651,119 Changes in: (Increase) decrease in prepaid expenses (607,669 ) 356,585 (Increase) decrease in other receivable 169,472 (169,472 ) Increase (decrease) in accounts payable 540 (144,133 ) Decrease in accrued expenses and other current liabilities (10,813 ) (48,669 ) Net cash provided by (used in) operating activities (2,802,810 ) 2,323,449 Cash flows from investing activities: Investment in property & equipment - (7,250 ) Net cash used in investing activities - (7,250 ) Cash flows from financing activities: Borrowings on lines of credit and short-term debt, net of (repayments) 3,756,103 (9,372,535 ) Principal payments on long term debt (3,045,741 ) (5,615,064 ) Proceeds from private placement of preferred stock - 249,998 Par value of common stock issued to preferred shareholders - 3 Treasury stock purchased by company - (30 ) Proceeds from long term debt 1,162,879 10,457,965 Net cash provided by (used in) financing activities 1,873,241 (4,279,663 ) Decrease in cash and cash equivalents (929,569 ) (1,963,464 ) Cash beginning of period 1,493,613 3,457,077 Cash end of period $ 564,044 $ 1,493,613 Supplemental disclosures of cash flows information: Cash paid during the year for: Income taxes $ 243,998 $ 270,000 Interest $ 640,472 $ 746,382 Insurance premiums financed $ 2,349,760 $ 2,268,510 Dividends on preferred stock $ 309,000 $ 386,250

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements of Energy Services include the accounts of Energy Services and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. Unless the context requires otherwise, references to Energy Services include Energy Services and its consolidated subsidiaries.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and loss during the reporting period. Actual results could differ materially from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Energy Services considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Fair Value Measurements	Fair Value Measurements The Fair Value Measurements and Disclosures Topic Under the FASB’s authoritative guidance on fair value measurements, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fair Value Measurements Topic of the FASB Accounting Standards Codification establishes a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. As noted above, there is a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1 Level 2 Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The carrying amount for borrowings under the Company’s revolving credit facility approximates fair value because of the variable market interest rate charged to the Company for these borrowings. The fair value of the Company’s long term fixed-rate debt to unrelated parties was estimated using a discounted cash flow analysis and a yield rate that was estimated based on the borrowing rates currently available to the Company for bank loans with similar terms and maturities. The fair value of the aggregate principal amount of the Company’s fixed-rate debt of $13.7 million at September 30, 2015 was $13.6 million. The Company uses fair value measurements on a non-recurring basis in its assessment of goodwill and long-lived assets held and used. In accordance with its annual impairment test during the quarter ended September 30, 2012, the Company recorded a goodwill impairment charge of $36.9 million, which represented the entire amount of goodwill carried on the Company’s balance sheet. The fair value measurements were calculated using unobservable inputs, using a weighted average of the discounted cash flow approach and two market approach analyses, all of which are classified as Level 3 within the fair value hierarchy. The amount and timing of future cash flows was based on our most recent operational budgets. The Company uses the assistance of third party specialists to develop valuation assumptions. Refer to Note 4, Goodwill and Intangible Assets, for further information.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts The Company provides an allowance for doubtful accounts when collection of an account or note receivable is considered doubtful, and receivables are written off against the allowance when deemed
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Costs which extend the useful lives or increase the productivity of the assets are capitalized, while normal repairs and maintenance that do not extend the useful life or increase productivity of the asset are expensed as incurred. Property and equipment are depreciated principally on the straight-line
Goodwill and Other Intangibles	Goodwill and Other Intangibles The Company’s goodwill was acquired in two separate purchase transactions that were consummated on August 15, 2008. The Company selected July 1 for its annual impairment testing date, which is the first day of the fourth fiscal quarter. In accordance with U.S. Generally Accepted Accounting Principles, goodwill was to be tested for impairment between annual testing dates if an event occurred or circumstances changed that would have more likely than not reduced the fair value of a reporting unit below its carrying amount. An impairment charge of $36.9 million was recorded in the fourth fiscal quarter of 2012 as further disclosed in Note 4 to the financial statements.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets A long-lived asset shall be tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset would be compared to the asset’s carrying amount to determine if a write-down to market value is required.
Revenue Recognition	Revenue Recognition Revenues from fixed price contracts are recognized using the percentage-of-completion method, measured by the percentage of costs incurred to date to total estimated costs at completion. These contracts provide for a fixed amount of revenues for the entire project. Such contracts provide that the customer accept completion of progress to date and compensate us for the services rendered, measured in terms of units installed, hours expended or some other measure of progress. Contract costs include all direct material, labor and subcontract costs and those indirect costs related to contract performance, such as indirect labor, tools and expendables. The cost estimates are based on the professional knowledge and experience of the Company’s engineers, project managers and financial professionals. Changes in job performance, job conditions, and others all affect the total estimated costs at completion. The effects of these changes are recognized in the period in which they occur. Provisions for the total estimated losses on uncompleted contracts are made in the period in which such losses are determined. The current asset “Costs and estimated earnings in excess of billings on uncompleted contracts” represents revenues recognized in excess of amounts billed for fixed price contracts. The current liability “Billings in excess of costs and estimated earnings on uncompleted contracts” represents billings in excess of revenues recognized for fixed price contracts. Revenue on all costs plus and time and material contracts are recognized when services are performed or when units are completed.
Claims	Claims Claims are amounts in excess of the agreed contract price that a contractor seeks to collect from customers or others for customer-caused delays, errors in specifications and designs, contract terminations, change orders in dispute or unapproved as to both scope and price, or other causes of unanticipated additional costs. The Company records revenue on claims that have a high probability of success. Revenue from a claim is recorded only to the extent that contract costs relating to the claim have been incurred.
Self Insurance	Self Insurance The Company has its workers compensation, general liability and auto insurance through a captive insurance company. While the Company believes that this arrangement has been very beneficial in reducing and stabilizing insurance costs the Company does have to maintain a restricted cash account to guarantee payments of premiums. That restricted account had a balance of $1.6 million as of September 30, 2015. Should the captive experience severe losses over an extended period, it could have a detrimental effect on the Company.
Advertising	Advertising All advertising costs are expensed as incurred. Total advertising expense was $40,000 and $71,600 for the years ended September 30, 2015 and 2014, respectively. In fiscal year 2014, both C.J. Hughes and Nitro Electric invested in updating their corporate identities and marketing materials.
Stock Compensation Plans	Stock Compensation Plans The Company has issued restricted stock under its Long-Term Incentive Plan. The Company accounts for its equity based compensation as prescribed by U.S. Generally Accepted Accounting Principles for share-based payments. The Company has adopted a fair value based method of accounting for employee equity based plans, whereby compensation cost is measured at the grant date based on the fair value of the award and is recognized over the service period, which is usually the vesting period. As a result, compensation expense relating to stock compensation plans will be reflected in net income as part of “Salaries and employee benefits” on the Consolidated Statements of Income. For the year ending September 30, 2015 and 2014 respectively, $0 and $0 was recognized as compensation expense.
Income taxes	Income Taxes The Company and all subsidiaries file a consolidated federal and various state income tax returns on a fiscal year basis. With few exceptions, the company is no longer subject to U.S. federal, state, or local income tax examinations for years ending prior to September 30, 2008. The Company follows the liability method of accounting for income taxes in accordance with U.S. Generally Accepted Accounting Principles. Under this method, deferred tax assets and liabilities are recorded for future tax consequences of temporary differences between financial reporting and tax bases of assets and liabilities, and are measured using the enacted tax rates and laws that are expected to be in effect when the underlying assets or liabilities are recovered or settled. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that a deferred tax asset will not be realized. U.S. GAAP also prescribes a comprehensive model for how companies should recognize, measure, present and disclose in their financial statements uncertain tax positions taken or to be taken on a tax return.
Earnings Per Common Share	Earnings Per Common Share Basic earnings per share is computed using the weighted average number of common shares outstanding during the year, and diluted earnings per share is computed using the weighted average number of common shares outstanding during the year adjusted for all potentially dilutive common stock equivalents, except in cases where the effect of the common stock equivalent would be anti-dilutive.
Collective Bargaining Agreements	Collective Bargaining Agreements Certain Energy Services subsidiaries are party to collective bargaining agreements with unions representing certain of their employees. The agreements require such subsidiaries to pay specified wages and provide certain benefits to the union employees. These agreements expire at various times and have typically been renegotiated and renewed on terms that are similar to the ones contained in the expiring agreements. Under certain collective bargaining agreements, the applicable Energy Services subsidiary is required to make contributions to multi-employer pension plans. If the subsidiary were to cease participation in one or more of these plans, a liability could potentially be assessed related to any underfunding of these plans. The amount of such assessment, were one to be made, cannot be reasonably estimated.
Litigation Costs	Litigation Costs The Company reserves when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. Litigation costs are expensed as incurred.
Reclassifications	Reclassifications Certain reclassifications have been made to prior year end financial statements to conform to the classification adopted of the current year.
New Accounting Pronouncements	New Accounting Pronouncements In August 2015, the FASB issued ASU 2015-14 which deferred the effective date of ASU 2014-09 for all entities by one year. In June 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers“(“ASU 2014-09”). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance, and creates a Topic 606 Revenue from Contracts with Customers. With the amendments in ASU 2015-14, ASU 2014-09 will be effective for the Company beginning after December 15, 2017, including interim periods. The Company expects that the adoption of ASU 2014-09 will not have a material impact on its financial statements or disclosure.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of operating results for S.T. Pipeline, Inc	2015 2014 Revenue $ - $ (3,000 ) Cost of revenues - (106,734 ) Gross profit from discontinued operations - 103,734 Selling and administrative expenses - 83,301 Income from discontinued operations - 20,433 Other income (expense) Other nonoperating income - 400 Loss on sale of equipment - (20,833 ) - (20,433 ) Income before income taxes - - Income tax expense (benefit) (26,340 ) 54,766 Net income (loss) from discontinued operations $ 26,340 $ (54,766)
Schedule of the components of asset and liabilities that are classified as discontinued operations	September 30, September 30, 2015 2014 Cash $ 18,541 $ 18,114 Deferred tax asset 1,720,783 1,216,436 Assets of discontinued operations-current 1,739,324 1,234,550 Property, plant, and equipment, net - - Total assets of discontinued operations 1,739,324 1,234,550 Accounts payable 80,345 403,959 Accrued expenses and other current liabilities 21,064 (16,732 ) Liabilities of discontinued operations-current 101,409 387,227 Liabilities of discontinued operations-long term - 13,170 Total liabilities of discontinued operations 101,409 400,397 Net assets $ 1,637,915 $ 834,153
Schedule of the cash flows from discontinued operations	2015 2014 Cash Flows from operating activities: Net income (loss) $ 26,340 $ (54,766 ) Adjustments to reconcile net income (loss) to net cash used in operating activities: Gain loss on sale/disposal of equipment - 20,833 Provision for deferred taxes (517,517 ) 81,266 Increase in contracts receivable - (268,431 ) Decrease in retainage receivable - 290,688 Decrease in other receivables - 22,807 Decrease in accounts payable (323,614 ) (953,390 ) Increase (decrease) in accrued expenses (24,709 ) 32,657 Advance from parent 777,422 586,455 Increase (decrease) in income tax payable 62,505 (62,505 ) Net cash provided by (used in) operating activities 427 (304,386 ) Cash flows from investing activities: Proceeds from sales of property and equipment - 135,000 Net cash provided by investing activities - 135,000 Cash flows from financing activities: Principle payments on long term debt - - Net cash provided by (used in) financing activities - - Increase (decrease) in cash and cash equivalents 427 (169,386 ) Cash beginning of period 18,114 187,500 Cash end of period $ 18,541 $ 18,114 Supplemental schedule of noncash investing and financing activities: None $ - $ - Supplemental disclosures of cash flows information: None $ - $ -

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the goodwill	Year Ended September 30, 2015 2014 Balance at beginning of year $ - $ - Impairment - - Balance at end of year $ - $ -

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of allowance for doubtful accounts receivable	Year Ended September 30, 2015 2014 Continuing Operations Balance at beginning of year $ 158,487 $ 236,657 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries (10,565 ) (78,170 ) Balance at end of year $ 147,922 $ 158,487 Discontinued Operations Balance at beginning of year $ - $ 300,000 Charged to expense - - Deductions for uncollectible receivables written off, net of recoveries - (300,000 ) Balance at end of year $ - $ -

UNCOMPLETED CONTRACTS (Tables)

UNCOMPLETED CONTRACTS (Tables)	12 Months Ended
	Sep. 30, 2015
Contractors [Abstract]
Schedule of costs, estimated earnings and billings on uncompleted contracts	Year Ended September 30, 2015 2014 Costs incurred on contracts in progress $ 124,388,637 $ 114,771,991 Estimated earnings, net of estimated losses 17,475,207 10,765,989 141,863,844 125,537,980 Less billings to date 137,790,761 116,934,584 $ 4,073,083 $ 8,603,396 Costs and estimated earnings in excess of billed on uncompleted contracts $ 6,745,377 $ 9,326,557 Less billings in excess of costs and estimated earnings on uncompleted contracts 2,672,294 723,161 $ 4,073,083 $ 8,603,396

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Year Ended September 30, 2015 2014 Land $ 1,141,707 $ 777,231 Buildings and leasehold improvements 1,937,547 703,037 Operating equipment and vehicles 29,922,752 28,268,036 Office equipment, furniture and fixtures 485,537 439,557 Assets not yet in service 7,302 99,331 33,494,845 30,287,192 Less accumulated depreciation 25,075,178 22,381,955 Property and equipment, net $ 8,419,667 $ 7,905,237

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of summary of long-term debt	2015 2014 Line of credit payable to bank, monthly interest at 6.5%, final payment due by May 25, 2015. $ - $ 750,000 Line of credit payable to bank, monthly interest at 6.0%, final payment due by February 27, 2016. 4,500,000 - Note payable to bank, due in monthly installments of $5,000, including interest at 6.75%, final payment due June 2017, secured by real estate, vehicles, and equipment. - 185,828 Notes payable to finance companies, due in monthly installments totaling $40,603 including interest ranging from 1.0% to 10.09%, final payments due October 2015 through June 2019, secured by equipment. 663,425 1,057,309 Notes payable to bank, due in monthly installments totaling $7,799, including interest at 4.75%, final payment due November 2034 secured by building and property. 1,172,732 - Notes payable to bank, due in monthly installments totaling $172,473, including interest at 6.5%, final payment due February 2019 secured by equipment. 6,196,209 7,800,338 Notes payable to bank, due in monthly installments totaling $30,900, including interest at 5.0%, final payment due February 2019 secured by equipment. 1,162,897 - Notes payable to bank, due in monthly installments totaling $29,983, including interest at 3.55%, final payment due February 2019 secured by equipment. - 1,441,651 Total Debt 13,695,263 11,235,126 Less current maturities 6,892,812 3,298,593 Total long term debt $ 6,802,451 $ 7,936,533
Schedule of maturities of long-term debt	2016 $ 6,892,812 2017 2,397,257 2018 2,447,887 2019 927,403 2020 66,397 Thereafter 963,507 $ 13,695,263

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of components of income taxes	Year Ended September 30, 2015 2014 Federal Current $ 2,001,910 $ (1,227,207 ) Deferred (373,170 ) (886,403 ) Total 1,628,740 (2,113,610 ) State Current 8,106 (17,444 ) Deferred (65,854 ) (156,424 ) Total (57,748 ) (173,868 ) Total income tax expense (benefit) $ 1,570,992 $ (2,287,478 )
Schedule of provision for income taxes differs from the amount computed by applying the federal statutory rate on income from operations	Year Ended September 30, 2015 2014 Statutory rate 34.00 % 34.00 % Meals 6.13 % 12.00 % Other 1.98 % 2.36 % Valuation allowance -7.15 % -237.39 % State income taxes 7.36 % 21.25 % Effective tax rate 42.32 % -167.78 %
Schedule of income tax effects of temporary differences of deferred tax liabilities	Year Ended September 30, 2015 2014 Deferred income tax assets Net operating loss carryforward $ 1,218,114 $ 3,018,763 Other deferred assets 1,683,683 1,847,108 Less valuation allowance (54,317 ) (319,515 ) Total deferred income tax assets 2,847,480 4,546,356 Continuing operations 1,126,697 3,329,920 Discontinued operations 1,720,783 1,216,436 Total deferred income tax assets $ 2,847,480 $ 4,546,356 Deferred income tax liabilities Current Claims in progress $ - $ - Total deferred income tax liabilities-Current - - Continuing operations - - Discontinued operations - - Total deferred income tax liabilities-Current $ - $ - Long-term Property and equipment $ 1,895,577 $ 2,219,022 Other deferred liabilities 8,330 274,164 Total deferred income tax liabilities-LT 1,903,907 2,493,186 Continuing operations 1,903,907 2,480,016 Discontinued operations - 13,170 Total deferred income tax liabilities-LT $ 1,903,907 $ 2,493,186

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings (loss) per share	2015 2014 Income from continuing operations $ 2,114,190 $ 3,702,963 Dividends on preferred stock 309,000 386,250 Income available to common shareholders-continuing operations $ 1,805,190 $ 3,316,713 Weighted average shares outstanding 14,239,836 14,392,194 Weighted average shares outstanding-diluted 17,673,169 17,802,443 Earnings per share from continuing operations available to common shareholders $ 0.127 $ 0.230 Earnings per share from continuing operations available to common shareholders-diluted $ 0.102 $ 0.186 Income (loss) from discontinued operations $ 26,340 $ (54,766 ) Weighted average shares outstanding 14,239,836 14,392,194 Weighted average shares outstanding-diluted 17,673,169 14,392,194 Earnings (loss) per share from discontinued operations $ 0.002 $ (0.004 ) Earnings (loss) per share from discontinued operations-diluted $ 0.001 $ (0.004 ) Net income $ 2,140,530 $ 3,648,197 Dividends on preferred stock 309,000 386,250 Net income available to common shareholders $ 1,831,530 $ 3,261,947 Earnings per share available to common shareholders $ 0.129 $ 0.227 Earnings per share available to common shareholders-diluted $ 0.104 $ 0.183

LEASE OBLIGATIONS (Tables)

LEASE OBLIGATIONS (Tables)	12 Months Ended
	Sep. 30, 2015
Leases [Abstract]
Schedule of future minimum lease payments under operating leases	2016 $ 91,345 2017 50,346 2018 16,603 2019 - 2020 - $ 158,294

QUARTERLY FINANCIAL DATA (UNA40

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial information	2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing Operations Revenue $ 25,050,410 $ 14,044,424 $ 21,486,057 $ 32,692,248 $ 93,273,139 Operating Income (loss) 407,408 (155,023 ) 191,663 1,711,561 2,155,609 Net income from continuing operations 447,479 5,902 543,887 2,705,695 3,702,963 Dividends on preferred stock 154,500 77,250 77,250 77,250 386,250 Net income (loss) available to common shareholders $ 292,979 $ (71,348 ) $ 466,637 $ 2,628,445 $ 3,316,713 Weighted-basic shares outstanding 14,527,227 14,513,169 14,239,836 14,239,836 14,392,194 Weighted-diluted shares outstanding 17,876,503 17,946,503 17,673,169 17,673,169 17,802,443 Earnings (loss) per share from continuing operations available to common shareholders $ 0.020 $ (0.005 ) $ 0.033 $ 0.185 $ 0.230 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ 0.016 $ (0.004 ) $ 0.026 $ 0.149 $ 0.186 2014 First Quarter Second Quarter Third Quarter Fourth Quarter Total Discontinued Operations Revenue $ - $ (3,000 ) $ - $ - $ (3,000 ) Operatining Income 20,833 (400 ) - - 20,433 Net Income (loss) from discontinued operations $ 20,442 $ (19,321 ) $ (27,849 ) $ (28,038 ) $ (54,766 ) Weighted-basic shares outstanding 14,527,227 14,513,169 14,239,836 14,239,836 14,392,194 Weighted-diluted shares outstanding 17,876,503 14,513,169 14,239,836 14,239,836 14,392,194 Earnings (loss) per share from discontinued operations $ 0.001 $ (0.001 ) $ (0.002 ) $ (0.002 ) $ (0.004 ) Earnings (loss) per share from discontinued operations-diluted $ 0.001 $ (0.001 ) $ (0.002 ) $ (0.002 ) $ (0.004 ) 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Continuing Operations Revenue $ 23,145,595 $ 20,871,013 $ 35,120,857 $ 37,662,581 $ 116,800,046 Operating Income (loss) 212,161 (408,754 ) 1,413,619 3,062,845 4,279,871 Net income (loss) from continuing operations (172,033 ) (167,395 ) 779,638 1,673,980 2,114,190 Dividends on preferred stock 77,250 77,250 77,250 77,250 309,000 Net income (loss) available to common shareholders $ (249,283 ) $ (244,645 ) $ 702,388 $ 1,596,730 $ 1,805,190 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 14,239,836 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from continuing operations available to common shareholders $ (0.018 ) $ (0.017 ) $ 0.049 $ 0.112 $ 0.127 Earnings (loss) per share from continuing operations-diluted available to common shareholders $ (0.018 ) $ (0.017 ) $ 0.040 $ 0.090 $ 0.102 2015 First Quarter Second Quarter Third Quarter Fourth Quarter Total Discontinued Operations Revenue $ - $ - $ - $ - $ - Operatining Income - - - - - Net Income (loss) from discontinued operations $ 36,842 $ (27,848 ) $ 4,176 $ 13,170 $ 26,340 Weighted-basic shares outstanding 14,239,836 14,239,836 14,239,836 14,239,836 14,239,836 Weighted-diluted shares outstanding 14,239,836 14,239,836 17,673,169 17,673,169 17,673,169 Earnings (loss) per share from discontinued operations $ 0.003 $ (0.002 ) $ 0.000 $ 0.001 $ 0.002 Earnings (loss) per share from discontinued operations-diluted $ 0.003 $ (0.002 ) $ 0.000 $ 0.001 $ 0.001

CONDENSED PARENT COMPANY ONLY41

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of balance sheet	BALANCE SHEETS As of September 30, 2015 and 2014 2015 2014 Assets Current assets Cash and cash equivalents $ 564,044 $ 1,493,613 Other receivables 1,417 170,889 Deferred tax asset 3,583,128 3,305,800 Prepaid expenses and other 2,044,502 1,436,833 Total current assets 6,193,091 6,407,135 Property, plant and equipment, at cost 227,894 227,894 less accumulated depreciation (213,061 ) (211,621 ) 14,833 16,273 Due from affiliates 6,852,724 6,146,489 Investment in subsidiaries 19,519,637 16,575,490 Total assets $ 32,580,285 $ 29,145,387 Liabilities and shareholders’ equity Current liabilities Current maturities of long-term debt $ 2,037,840 $ 1,923,623 Lines of credit and short term borrowings 4,516,235 760,132 Accounts payable 86,219 85,679 Accrued expenses and other current liabilities 325,084 335,897 Total current liabilities 6,965,378 3,105,331 Long-term debt, less current maturities 5,321,266 7,318,345 Deferred income taxes payable 7,005 266,605 Total liabilities 12,293,649 10,690,281 Shareholders’ equity Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2015 and 2014 - - Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2015 and 2014 1,484 1,484 Treasury stock, 600,000 shares at September 30, 2015 and 2014 (60 ) (60 ) Additional paid in capital 61,289,260 61,289,260 Retained earnings (deficit) (41,004,048 ) (42,835,578 ) Total shareholders' equity 20,286,636 18,455,106 Total liabilities and shareholders' equity $ 32,580,285 $ 29,145,387
Schedule of statement of income	STATEMENTS OF INCOME For the years ended September 30, 2015 and 2014 2015 2014 General and administrative expenses $ 1,302,892 $ 1,764,184 Net loss from operations before taxes (1,302,892 ) (1,764,184 ) Other nonoperating expense (1,479 ) (4,382 ) Interest income 1,278 - Interest expense (640,472 ) (674,232 ) Interest allocation to subsidiaries 603,020 498,844 Net loss before tax (1,340,545 ) (1,943,954 ) Income tax benefit (536,928 ) (530,210 ) Net loss from parent (803,617 ) (1,413,744 ) Equity in undistributed income income of subsidiaries 2,944,147 5,061,941 Dividends on preferred stock (309,000 ) (386,250 ) Net income available to common shareholders $ 1,831,530 $ 3,261,947 Weighted average shares outstanding- basic 14,239,836 14,392,194 Weighted average shares-diluted 17,673,169 17,802,443 Net earnings per share-basic available to common shareholders $ 0.129 $ 0.227 Net earnings per share-diluted available to common shareholders $ 0.104 $ 0.183
Schedule of consolidated statement of cash flow	CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended September 30, 2015 and 2014 2015 2014 Cash flows form operating activities: Net income available to common shareholders $ 1,831,530 $ 3,261,947 Adjustments to reconcile net income to net cash provided by operating activities Provision for current tax benefit (275,751 ) (779,557 ) Provision for deferred income tax expense (261,177 ) 249,347 Depreciation expense 1,440 8,223 Equity in undistributed income of subsidiaries (2,944,147 ) (5,061,941 ) Advances from subsidiaries (706,235 ) 4,651,119 Changes in: (Increase) decrease in prepaid expenses (607,669 ) 356,585 (Increase) decrease in other receivable 169,472 (169,472 ) Increase (decrease) in accounts payable 540 (144,133 ) Decrease in accrued expenses and other current liabilities (10,813 ) (48,669 ) Net cash provided by (used in) operating activities (2,802,810 ) 2,323,449 Cash flows from investing activities: Investment in property & equipment - (7,250 ) Net cash used in investing activities - (7,250 ) Cash flows from financing activities: Borrowings on lines of credit and short-term debt, net of (repayments) 3,756,103 (9,372,535 ) Principal payments on long term debt (3,045,741 ) (5,615,064 ) Proceeds from private placement of preferred stock - 249,998 Par value of common stock issued to preferred shareholders - 3 Treasury stock purchased by company - (30 ) Proceeds from long term debt 1,162,879 10,457,965 Net cash provided by (used in) financing activities 1,873,241 (4,279,663 ) Decrease in cash and cash equivalents (929,569 ) (1,963,464 ) Cash beginning of period 1,493,613 3,457,077 Cash end of period $ 564,044 $ 1,493,613 Supplemental disclosures of cash flows information: Cash paid during the year for: Income taxes $ 243,998 $ 270,000 Interest $ 640,472 $ 746,382 Insurance premiums financed $ 2,349,760 $ 2,268,510 Dividends on preferred stock $ 309,000 $ 386,250

BUSINESS AND ORGANIZATION (Deta

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

SUMMARY OF SIGNIFICANT ACCOUN43

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2012
Accounting Policies [Abstract]
Amount of principal fixed-rate debt	$ 13,700,000
Aggregate fair value of fixed-rate debt	13,600,000
Restricted account balance	1,600,000
Advertising expense	40,000	$ 71,600
Compensation expense	$ 0	$ 0
Goodwill impairment charge			$ 36,900,000

SUMMARY OF SIGNIFICANT ACCOUN44

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals 1)	12 Months Ended
	Sep. 30, 2015
Buildings
Property, Plant and Equipment [Line Items]
Estimated useful lives	39 years
Operating equipment and vehicles
Property, Plant and Equipment [Line Items]
Estimated useful lives	5-7 years
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	5-7 years

DISCONTINUED OPERATIONS - Opera

DISCONTINUED OPERATIONS - Operating results from discontinued operations (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue							$ (3,000)			$ (3,000)
Income from discontinued operations							(400)	$ 20,833		20,833
Other income (expense)
Net income (loss)	$ 13,170	$ 4,176	$ (27,848)	$ 36,842	$ (28,038)	$ (27,849)	$ (19,321)	$ 20,442	$ 26,340	(54,766)
S.T. Pipeline, Inc | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue										(3,000)
Cost of revenues										(106,734)
Gross profit from discontinued operations										103,734
Selling and administrative expenses										83,301
Income from discontinued operations										20,433
Other income (expense)
Other nonoperating income										400
Loss on sale of equipment										(20,833)
Other income (expense) Total										$ (20,433)
Income before income taxes
Income tax expense (benefit)									$ (26,340)	$ 54,766
Net income (loss)									$ 26,340	$ (54,766)

DISCONTINUED OPERATIONS - Compo

DISCONTINUED OPERATIONS - Components of asset and liabilities classified as discontinued operations (Details 1) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets of discontinued operations-current	$ 1,739,324	$ 1,234,550
Assets of discontinued operations, net
Total assets of discontinued operations	$ 1,739,324	$ 1,234,550
Liabilities of discontinued operations-current	101,409	387,227
Liabilities of discontinued operations-long term		13,170
S.T. Pipeline, Inc | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash	18,541	18,114	$ 187,500
Deferred tax asset	1,720,783	1,216,436
Assets of discontinued operations-current	$ 1,739,324	$ 1,234,550
Assets of discontinued operations, net
Total assets of discontinued operations	$ 1,739,324	$ 1,234,550
Accounts payable	80,345	403,959
Accrued expenses and other current liabilities	21,064	(16,732)
Liabilities of discontinued operations-current	$ 101,409	387,227
Liabilities of discontinued operations-long term		13,170
Total liabilities of discontinued operations	$ 101,409	400,397
Net assets	$ 1,637,915	$ 834,153

DISCONTINUED OPERATIONS - Cash

DISCONTINUED OPERATIONS - Cash flows from discontinued operations (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from operating activities:
Net income (loss)	$ 13,170	$ 4,176	$ (27,848)	$ 36,842	$ (28,038)	$ (27,849)	$ (19,321)	$ 20,442	$ 26,340	$ (54,766)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Decrease in income tax payable									171,782	(384,303)
S.T. Pipeline, Inc | Discontinued Operations
Cash Flows from operating activities:
Net income (loss)									$ 26,340	(54,766)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain loss on sale/disposal of equipment										20,833
Provision for deferred taxes									$ (517,517)	81,266
Increase in contracts receivable										(268,431)
Decrease in retainage receivable										290,688
Decrease in other receivables										22,807
Decrease in accounts payable									$ (323,614)	(953,390)
Increase (decrease) in accrued expenses									(24,709)	32,657
Advance from parent									777,422	586,455
Decrease in income tax payable									62,505	(62,505)
Net cash provided by (used in) operating activities									$ 427	(304,386)
Cash flows from investing activities:
Proceeds from sales of property and equipment										135,000
Net cash provided by investing activities										$ 135,000
Cash flows from financing activities:
Principle payments on long term debt
Net cash provided by (used in) financing activities
Increase (decrease) in cash and cash equivalents									$ 427	$ (169,386)
Cash beginning of period				$ 18,114				$ 187,500	18,114	187,500
Cash end of period	$ 18,541				$ 18,114				$ 18,541	$ 18,114

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Detail Textuals)	May. 14, 2013USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Net proceeds from wholly owned subsidiary	$ 7,233,913

GOODWILL AND INTANGIBLE ASSET49

GOODWILL AND INTANGIBLE ASSETS - Summary of summary of changes in company's goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2012
Goodwill [Roll Forward]
Balance at beginning of year
Goodwill impairment charge			$ 36.9
Balance at end of year

GOODWILL AND INTANGIBLE ASSET50

GOODWILL AND INTANGIBLE ASSETS (Detail Textuals) - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2012
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment charge			$ 36.9

ACCOUNTS RECEIVABLE - Summary o

ACCOUNTS RECEIVABLE - Summary of activity in allowance for doubtful accounts (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 158,487
Balance at end of year	147,922	$ 158,487
Continuing Operations
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year	$ 158,487	$ 236,657
Charged to expense
Deductions for uncollectible receivables written off, net of recoveries	$ (10,565)	$ (78,170)
Balance at end of year	$ 147,922	158,487
Discontinued Operations
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at beginning of year		$ 300,000
Charged to expense
Deductions for uncollectible receivables written off, net of recoveries		$ (300,000)
Balance at end of year

UNCOMPLETED CONTRACTS - Summary

UNCOMPLETED CONTRACTS - Summary of costs, estimated earnings, and billings on uncompleted contracts (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Contractors [Abstract]
Costs incurred on contracts in progress	$ 124,388,637	$ 114,771,991
Estimated earnings, net of estimated losses	17,475,207	10,765,989
Costs of uncomplete contracts including net estimated earnings	141,863,844	125,537,980
Less billings to date	137,790,761	116,934,584
Unbilled contracts receivable	4,073,083	8,603,396
Costs and estimated earnings in excess of billings on uncompleted contracts	6,745,377	9,326,557
Less billings in excess of costs and estimated earnings on uncompleted contracts	2,672,294	723,161
Unbilled contracts receivable	$ 4,073,083	$ 8,603,396

PROPERTY AND EQUIPMENT - Summar

PROPERTY AND EQUIPMENT - Summary of property and equipment (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 33,494,845	$ 30,287,192
Less accumulated depreciation	25,075,178	22,381,955
Property and equipment, net	8,419,667	7,905,237
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	1,141,707	777,231
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	1,937,547	703,037
Operating equipment and vehicles
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	29,922,752	28,268,036
Office equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	485,537	439,557
Asset not yet in service
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 7,302	$ 99,331

SHORT-TERM DEBT (Detail Textual

SHORT-TERM DEBT (Detail Textuals) - USD ($)	1 Months Ended
	Feb. 27, 2015	Jan. 31, 2015	Sep. 30, 2015
Line of Credit Facility [Line Items]
Insurance policy amount		$ 2,300,000
Insurance policy premium outstanding			$ 16,000
Line of Credit
Line of Credit Facility [Line Items]
Line of credit	$ 10,000,000
Interest rate on line of credit	6.00%
Amount borrowed against the line of credit			$ 4,500,000
Minimum term of percentage of receivables from bonded jobs and retainage	120 days

LONG-TERM DEBT - Summary of lon

LONG-TERM DEBT - Summary of long-term debt (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Total Debt	$ 13,695,263	$ 11,235,126
Less current maturities	6,892,812	3,298,593
Total long term debt	$ 6,802,451	7,936,533
Line of credit payable to bank, final payment due by May 25, 2015
Debt Instrument [Line Items]
Total Debt		$ 750,000
Line of credit payable to bank, final payment due by February 27, 2016
Debt Instrument [Line Items]
Total Debt	$ 4,500,000
Note payable to bank, final payment due June 2017
Debt Instrument [Line Items]
Total Debt		$ 185,828
Notes payable to finance companies, final payments due October 2015 through June 2019
Debt Instrument [Line Items]
Total Debt	$ 663,425	$ 1,057,309
Notes payable to bank, final payment due November 2034
Debt Instrument [Line Items]
Total Debt	1,172,732
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Total Debt	6,196,209	$ 7,800,338
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Total Debt	$ 1,162,897
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Total Debt		$ 1,441,651

LONG-TERM DEBT - Summary of l56

LONG-TERM DEBT - Summary of long-term debt (Parentheticals) (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Line of credit payable to bank, final payment due by May 25, 2015
Debt Instrument [Line Items]
Interest rate	6.50%	6.50%
Line of credit payable to bank, final payment due by February 27, 2016
Debt Instrument [Line Items]
Interest rate	6.00%	6.00%
Note payable to bank, final payment due June 2017
Debt Instrument [Line Items]
Note payable in monthly installments	$ 5,000	$ 5,000
Interest rate	6.75%	6.75%
Notes payable to finance companies, final payments due October 2015 through June 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 40,603
Notes payable to finance companies, final payments due October 2015 through June 2019 | Maximum
Debt Instrument [Line Items]
Interest rate	10.09%	10.09%
Notes payable to finance companies, final payments due October 2015 through June 2019 | Minimum
Debt Instrument [Line Items]
Interest rate	1.00%	1.00%
Notes payable to bank, final payment due November 2034
Debt Instrument [Line Items]
Note payable in monthly installments	$ 7,799	$ 7,799
Interest rate	4.75%	4.75%
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 172,473	$ 172,473
Interest rate	6.50%	6.50%
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 30,900	$ 30,900
Interest rate	5.00%	5.00%
Note payable to bank, final payment due February 2019
Debt Instrument [Line Items]
Note payable in monthly installments	$ 29,983	$ 29,983
Interest rate	3.55%	3.55%

LONG-TERM DEBT - Maturities of

LONG-TERM DEBT - Maturities of debt (Details 1) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Debt Disclosure [Abstract]
2,016	$ 6,892,812
2,017	2,397,257
2,018	2,447,887
2,019	927,403
2,020	66,397
Thereafter	963,507
Total long-term debt	$ 13,695,263	$ 11,235,126

INCOME TAXES - Components of in

INCOME TAXES - Components of income taxes (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Federal
Current	$ 2,001,910	$ (1,227,207)
Deferred	(373,170)	(886,403)
Total	1,628,740	(2,113,610)
State
Current	8,106	(17,444)
Deferred	(65,854)	(156,424)
Total	(57,748)	(173,868)
Total income tax expense (benefit)	$ 1,570,992	$ (2,287,478)

INCOME TAXES - Summary of provi

INCOME TAXES - Summary of provision for income taxes differs from amount computed by applying federal statutory rate (Details 1)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Statutory rate	34.00%	34.00%
Meals	6.13%	12.00%
Other	1.98%	2.36%
Valuation allowance	(7.15%)	(237.39%)
State Income Taxes	7.36%	21.25%
Effective tax rate	42.32%	(167.78%)

INCOME TAXES - Summary of incom

INCOME TAXES - Summary of income tax effects of temporary differences giving rise to deferred tax liabilities (Details 2) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Deferred income tax assets
Net operating loss carryforward	$ 1,218,114	$ 3,018,763
Other deferred assets	1,683,683	1,847,108
Less valuation allowance	(54,317)	(319,515)
Total deferred income tax assets	$ 2,847,480	$ 4,546,356
Current Deferred Tax Liabilities
Claim in progress
Total deferred income tax liabilities-Current
Long-term
Property and equipment	$ 1,895,577	$ 2,219,022
Other deferred liabilities	8,330	274,164
Total deferred income tax liabilities-LT	1,903,907	2,493,186
Continuing Operations
Deferred income tax assets
Total deferred income tax assets	$ 1,126,697	$ 3,329,920
Current Deferred Tax Liabilities
Total deferred income tax liabilities-Current
Long-term
Total deferred income tax liabilities-LT	$ 1,903,907	$ 2,480,016
Discontinued Operations
Deferred income tax assets
Total deferred income tax assets	$ 1,720,783	$ 1,216,436
Current Deferred Tax Liabilities
Total deferred income tax liabilities-Current
Long-term
Total deferred income tax liabilities-LT		$ 13,170

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Statutory rate	34.00%	34.00%
Valuation allowance		$ 3,500,000
Valuation allowance reversed	$ 3,500,000
Income tax expense (benefit)	1,597,332	(2,342,244)
Tax assets related to federal NOL carry forwards	1,100,000	2,700,000
Operating loss carryover for federal income tax purposes	3,202,349	$ 7,663,156
Decrease in operating loss carryforwards	$ 4,460,807

EARNINGS PER SHARE - Summary of

EARNINGS PER SHARE - Summary of amounts used to compute basic and diluted earnings per share (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 1,673,980	$ 779,638	$ (167,395)	$ (172,033)	$ 2,705,695	$ 543,887	$ 5,902	$ 447,479	$ 2,114,190	$ 3,702,963
Dividends on preferred stock	309,000	77,250	77,250	77,250	77,250	77,250	77,250	154,500	309,000	386,250
Income available to common shareholders-continuing operations	$ 1,596,730	$ 702,388	$ (244,645)	$ (249,283)	$ 2,628,445	$ 466,637	$ (71,348)	$ 292,979	$ 1,805,190	$ 3,316,713
Weighted average shares outstanding (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,392,194	14,239,836	14,513,169	14,527,227	14,239,836	14,392,194
Weighted average shares outstanding-diluted (in shares)	17,673,169	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,946,503	17,876,503	17,673,169	17,802,443
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	$ 0.112	$ 0.049	$ (0.017)	$ (0.018)	$ 0.185	$ 0.033	$ (0.005)	$ 0.020	$ 0.127	$ 0.230
Earnings per share from continuing operations available to common shareholders-diluted (in dollars per share)	$ 0.090	$ 0.040	$ (0.017)	$ (0.018)	$ 0.149	$ 0.026	$ (0.004)	$ 0.016	$ 0.102	$ 0.186
Income (loss) from discontinued operations	$ 13,170	$ 4,176	$ (27,848)	$ 36,842	$ (28,038)	$ (27,849)	$ (19,321)	$ 20,442	$ 26,340	$ (54,766)
Weighted average shares outstanding (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,513,169	14,527,227	14,239,836	14,392,194
Weighted average shares outstanding-diluted (in shares)	17,673,169	17,673,169	14,239,836	14,239,836	14,239,836	14,239,836	14,513,169	17,876,503	17,673,169	14,392,194
Earnings (loss) per share from discontinued operations (in dollars per share)									$ 0.002	$ (0.004)
Earnings (loss) per share from discontinued operations-diluted (in dollars per share)									$ 0.001	$ (0.004)
Net income									$ 2,140,530	$ 3,648,197
Dividends on preferred stock	$ 309,000	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 77,250	$ 154,500	309,000	386,250
Net income available to common shareholders	$ 1,596,730	$ 702,388	$ (244,645)	$ (249,283)	$ 2,628,445	$ 466,637	$ (71,348)	$ 292,979	$ 1,831,530	$ 3,261,947
Earnings per share available to common shareholders (in dollars per share)									$ 0.129	$ 0.227
Earnings per share available to common shareholders-diluted (in dollars per share)									$ 0.104	$ 0.183

STOCK PURCHASE PLAN (Detail Tex

STOCK PURCHASE PLAN (Detail Textuals) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 19, 2008	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 0	$ 0
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares authorized	1,200,000
Compensation expense	$ 25,000
Percentage stock offered at a purchase price least of fair market value	85.00%
Participant's stock purchased description	A participant's stock purchased during a calendar year may not exceed the lesser of (a) a percentage of the participant's compensation or a total amount as specified by the compensation committee of the Board, or (b) $25,000.

LONG TERM INCENTIVE PLAN (Detai

LONG TERM INCENTIVE PLAN (Detail Textuals)	Aug. 11, 2010USD ($)Officer$ / sharesshares	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 0	$ 0
Deferred tax benefit		$ 0	$ 0
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock shares issued | shares				1,149,000
Long Term Incentive Plan | Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of officer | Officer	6
Number of shares granted | shares	51,000
Fair value per share (in dollars per share) | $ / shares	$ 4.22
Vesting period	3 years
Market value of shares granted	$ 215,220

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals)	12 Months Ended
	Sep. 30, 2015USD ($)
Related Party Transaction [Line Items]
Percentage of shares of common stock transaction between executive, officers, directors and holders	10% or more
United Bank Inc.
Related Party Transaction [Line Items]
Refinancing agreement	$ 1,163,000
First Guaranty Bank
Related Party Transaction [Line Items]
Term of note agreement	5 years
Marshall T. Reynolds
Related Party Transaction [Line Items]
Aggregate amount of principal outstanding of loan	$ 1,644,690
Principal payment	482,000
Interest payment	$ 88,000
Interest rate	3.55%
Marshall T. Reynolds | First Guaranty Bank
Related Party Transaction [Line Items]
Ownership Percentage	greater than 10%

LEASE OBLIGATIONS - Future mini

LEASE OBLIGATIONS - Future minimum lease payments under operating leases (Details)	Sep. 30, 2015USD ($)
Leases [Abstract]
2,016	$ 91,345
2,017	50,346
2,018	$ 16,603
2,019
2,020
Future minimum lease payments, Total	$ 158,294

LEASE OBLIGATIONS (Detail Textu

LEASE OBLIGATIONS (Detail Textuals) - Equipment and office space	12 Months Ended
	Sep. 30, 2015
Operating Leased Assets [Line Items]
Term of operating lease agreements	60 months
Additional renewal term	60 months

MAJOR CUSTOMERS (Detail Textual

MAJOR CUSTOMERS (Detail Textuals) - Customer Concentration Risk $ in Millions	12 Months Ended
	Sep. 30, 2015USD ($)Customer
Sales Revenue, Goods, Net
Concentration Risk [Line Items]
Number of major customers | Customer	2
Revenue | $	$ 116.8
Percentage of revenue from customer	37.40%
Concentration risk description	more than 10
Receivables
Concentration Risk [Line Items]
Number of major customers | Customer	2
Percentage of revenue from customer	47.10%
Receivables from major customers | $	$ 10.1
Concentration risk description	greater than 10%

RETIREMENT AND EMPLOYEE BENEF69

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Union Employees Retirement Plan | C J Hughes Construction Company
Defined Benefit Plan Disclosure [Line Items]
Percentage of employees contribution to retirement compensation plan	15.00%
Maximum amount of employees contribution	$ 18,000	$ 17,500
Amount of contribution matched per dollar	$ 0.25
Percentage of contribution of eligible wages	6.00%
Amount of contribution to union plan	$ 5,401
Non Union Employees Retirement Plan | C J Hughes Construction Company
Defined Benefit Plan Disclosure [Line Items]
Percentage of employees contribution to retirement compensation plan	15.00%
Maximum amount of employees contribution	$ 18,000	17,500
Amount of contribution matched per dollar	$ 0.25
Percentage of contribution of eligible wages	6.00%
Non Union Employees Retirement Plan | Nitro Electric Company
Defined Benefit Plan Disclosure [Line Items]
Maximum amount of employees contribution	$ 18,000	$ 17,500
Amount of contribution matched per dollar	$ 0.25
Percentage of contribution of eligible wages	6.00%

RETIREMENT AND EMPLOYEE BENEF70

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals 1) - Non Union Employees Retirement Plan - Nitro Electric and C. J. Hughes Construction Company merger - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Maximum amount of employees contribution	$ 18,000	$ 17,500
Amount of contribution matched per dollar	$ 0.25
Percentage of contribution of eligible wages	6.00%

RETIREMENT AND EMPLOYEE BENEF71

RETIREMENT AND EMPLOYEE BENEFIT PLANS (Detail Textuals 2) - Retirement Plan - Energy Services of America	12 Months Ended
	Sep. 30, 2015USD ($)Subsidiary
Defined Benefit Plan Disclosure [Line Items]
Number of subsidiaries | Subsidiary	4
Amount of contribution to union plan | $	$ 57,098

CREDIT RISK (Detail Textuals)

CREDIT RISK (Detail Textuals)	Sep. 30, 2015USD ($)
Risks and Uncertainties [Abstract]
FDIC insurance limit	$ 250,000

QUARTERLY FINANCIAL DATA (UNA73

QUARTERLY FINANCIAL DATA (UNAUDITED) -Summary (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Continuing Operations
Revenue	$ 37,662,581	$ 35,120,857	$ 20,871,013	$ 23,145,595	$ 32,692,248	$ 21,486,057	$ 14,044,424	$ 25,050,410	$ 116,800,046	$ 93,273,139
Operating Income (loss)	3,062,845	1,413,619	(408,754)	212,161	1,711,561	191,663	(155,023)	407,408	4,279,871	2,155,609
Net income (loss) from continuing operations	1,673,980	779,638	(167,395)	(172,033)	2,705,695	543,887	5,902	447,479	2,114,190	3,702,963
Dividends on preferred stock	309,000	77,250	77,250	77,250	77,250	77,250	77,250	154,500	309,000	386,250
Income from continuing operations available to common shareholders	$ 1,596,730	$ 702,388	$ (244,645)	$ (249,283)	$ 2,628,445	$ 466,637	$ (71,348)	$ 292,979	$ 1,805,190	$ 3,316,713
Weighted average shares outstanding- basic (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,392,194	14,239,836	14,513,169	14,527,227	14,239,836	14,392,194
Weighted average shares-diluted (in shares)	17,673,169	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,946,503	17,876,503	17,673,169	17,802,443
Earnings (loss) per share from continuing operations available to common shareholders (in dollars per share)	$ 0.112	$ 0.049	$ (0.017)	$ (0.018)	$ 0.185	$ 0.033	$ (0.005)	$ 0.020	$ 0.127	$ 0.230
Earnings (loss) per share from continuing operations-diluted available to common shareholders (in dollars per share)	$ 0.090	$ 0.040	$ (0.017)	$ (0.018)	$ 0.149	$ 0.026	$ (0.004)	$ 0.016	$ 0.102	$ 0.186
Discontinued Operations
Revenue							$ (3,000)			$ (3,000)
Operatining Income							(400)	$ 20,833		20,833
Net Income (loss) from discontinued operations	$ 13,170	$ 4,176	$ (27,848)	$ 36,842	$ (28,038)	$ (27,849)	$ (19,321)	$ 20,442	$ 26,340	$ (54,766)
Weighted average shares outstanding (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,239,836	14,513,169	14,527,227	14,239,836	14,392,194
Weighted average shares-diluted (in shares)	17,673,169	17,673,169	14,239,836	14,239,836	14,239,836	14,239,836	14,513,169	17,876,503	17,673,169	14,392,194
Earnings (loss) per share from discontinued operations (in dollars per share)	$ 0.001	$ 0	$ (0.002)	$ 0.003	$ (0.002)	$ (0.002)	$ (0.001)	$ 0.001	$ 0.002	$ (0.004)
Earnings (loss) per share from discontinued operations-diluted (in dollars per share)	$ 0.001	$ 0	$ (0.002)	$ 0.003	$ (0.002)	$ (0.002)	$ (0.001)	$ 0.001	$ 0.001	$ (0.004)

CONDENSED PARENT COMPANY ONLY74

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Summary of balance sheets (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Current assets
Cash and cash equivalents	$ 1,493,040	$ 2,654,154
Other receivables	265,695	347,421
Deferred tax asset	1,126,697	3,329,920
Prepaid expenses and other	2,372,968	1,823,132
Total current assets	38,247,629	34,380,064
Property, plant and equipment, at cost	33,494,845	30,287,192
less accumulated depreciation	(25,075,178)	(22,381,955)
Total fixed assets	8,419,667	7,905,237
Total assets	46,804,577	42,285,301
Current liabilities
Current maturities of long-term debt	2,376,577	2,538,461
Lines of credit and short term borrowings	4,516,235	760,132
Accounts payable	3,671,847	5,443,948
Accrued expenses and other current liabilities	4,301,439	3,485,042
Total current liabilities	17,811,583	13,400,476
Long-term debt, less current maturities	6,802,451	7,936,533
Deferred income taxes payable	1,903,907	2,480,016
Total liabilities	26,517,941	23,830,195
Shareholders' equity
Treasury stock, 600,000 shares at September 30, 2015 and 2014	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(41,004,048)	(42,835,578)
Total shareholders' equity	20,286,636	18,455,106	$ 14,943,188
Total liabilities and shareholders' equity	46,804,577	42,285,301
Parent Company
Current assets
Cash and cash equivalents	564,044	1,493,613	$ 3,457,077
Other receivables	1,417	170,889
Deferred tax asset	3,583,128	3,305,800
Prepaid expenses and other	2,044,502	1,436,833
Total current assets	6,193,091	6,407,135
Property, plant and equipment, at cost	227,894	227,894
less accumulated depreciation	(213,061)	(211,621)
Total fixed assets	14,833	16,273
Due from affiliates	6,852,724	6,146,489
Investment in subsidiaries	19,519,637	16,575,490
Total assets	32,580,285	29,145,387
Current liabilities
Current maturities of long-term debt	2,037,840	1,923,623
Lines of credit and short term borrowings	4,516,235	760,132
Accounts payable	86,219	85,679
Accrued expenses and other current liabilities	325,084	335,897
Total current liabilities	6,965,378	3,105,331
Long-term debt, less current maturities	5,321,266	7,318,345
Deferred income taxes payable	7,005	266,605
Total liabilities	$ 12,293,649	$ 10,690,281
Shareholders' equity
Preferred stock, $.0001 par value Authorized 1,000,000 shares,206 issued at September 30, 2015 and 2014
Common stock, $.0001 par value Authorized 50,000,000 shares 14,839,836 issued and 14,239,836 outstanding at September 30, 2015 and 2014	$ 1,484	$ 1,484
Treasury stock, 600,000 shares at September 30, 2015 and 2014	(60)	(60)
Additional paid in capital	61,289,260	61,289,260
Retained earnings (deficit)	(41,004,048)	(42,835,578)
Total shareholders' equity	20,286,636	18,455,106
Total liabilities and shareholders' equity	$ 32,580,285	$ 29,145,387

CONDENSED PARENT COMPANY ONLY75

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Summary of balance sheets (Parentheticals) (Details) - $ / shares	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000
Parent Company
Condensed Financial Statements, Captions [Line Items]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	206	206
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,839,836	14,839,836
Common stock, shares outstanding	14,239,836	14,239,836
Treasury stock, shares	600,000	600,000

CONDENSED PARENT COMPANY ONLY76

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Summary of statement of income (Details 1) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
General and administrative expenses									$ 6,584,334	$ 6,355,609
Net loss from operations before taxes	$ 3,062,845	$ 1,413,619	$ (408,754)	$ 212,161	$ 1,711,561	$ 191,663	$ (155,023)	$ 407,408	4,279,871	2,155,609
Interest income									1,278	1,191
Interest expense									(761,079)	(841,975)
Net loss before tax									3,711,522	1,360,719
Income tax benefit									1,597,332	(2,342,244)
Net loss from parent	1,673,980	779,638	(167,395)	(172,033)	2,705,695	543,887	5,902	447,479	2,114,190	3,702,963
Net income available to common shareholders	$ 1,596,730	$ 702,388	$ (244,645)	$ (249,283)	$ 2,628,445	$ 466,637	$ (71,348)	$ 292,979	$ 1,831,530	$ 3,261,947
Weighted average shares outstanding- basic (in shares)	14,239,836	14,239,836	14,239,836	14,239,836	14,392,194	14,239,836	14,513,169	14,527,227	14,239,836	14,392,194
Weighted average shares-diluted (in shares)	17,673,169	17,673,169	14,239,836	14,239,836	17,673,169	17,673,169	17,946,503	17,876,503	17,673,169	17,802,443
Earnings per share available to common shareholders (in dollars per share)									$ 0.129	$ 0.227
Net earnings per share-diluted available to common shareholders (in dollars per shares)									$ 0.104	$ 0.183
Parent Company
Condensed Financial Statements, Captions [Line Items]
General and administrative expenses									$ 1,302,892	$ 1,764,184
Net loss from operations before taxes									(1,302,892)	(1,764,184)
Other nonoperating expense									(1,479)	(4,382)
Interest income									1,278
Interest expense									(640,472)	(674,232)
Interest allocation to subsidiaries									603,020	498,844
Net loss before tax									(1,340,545)	(1,943,954)
Income tax benefit									(536,928)	(530,210)
Net loss from parent									(803,617)	(1,413,744)
Equity in undistributed income income of subsidiaries									2,944,147	5,061,941
Dividends on preferred stock									(309,000)	(386,250)
Net income available to common shareholders									$ 1,831,530	$ 3,261,947
Weighted average shares outstanding- basic (in shares)									14,239,836	14,392,194
Weighted average shares-diluted (in shares)									17,673,169	17,802,443
Earnings per share available to common shareholders (in dollars per share)									$ 0.129	$ 0.227
Net earnings per share-diluted available to common shareholders (in dollars per shares)									$ 0.104	$ 0.183

CONDENSED PARENT COMPANY ONLY77

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS - Summary of consolidated statement of cash flows (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income available to common shareholders	$ 1,596,730	$ 702,388	$ (244,645)	$ (249,283)	$ 2,628,445	$ 466,637	$ (71,348)	$ 292,979	$ 1,831,530	$ 3,261,947
Adjustments to reconcile net income to net cash provided by operating activities
Provision for deferred income tax expense									1,109,597	(2,242,078)
Depreciation expense									3,291,386	3,384,504
Changes in:
(Increase) decrease in prepaid expenses									(549,836)	368,419
(Increase) decrease in other receivable									81,726	(53,042)
Increase (decrease) in accounts payable									(2,095,715)	(1,876,562)
Decrease in accrued expenses and other current liabilities									791,688	95,314
Net cash provided by operating activities									5,961	2,833,448
Cash flows from investing activities:
Investment in property & equipment									(2,437,190)	(1,566,966)
Net cash used in investing activities									(2,209,928)	(1,371,584)
Cash flows from financing activities:
Borrowings on lines of credit and short-term debt, net of (repayments)									3,756,103	(9,372,535)
Principal payments on long term debt									$ (3,875,702)	(6,464,879)
Proceeds from private placement of preferred stock										249,998
Par value of common stock issued to preferred shareholders										3
Treasury stock purchased by company										(30)
Net cash provided by (used in) financing activities									$ 1,043,280	(5,129,478)
Decrease in cash and cash equivalents									(1,160,687)	(3,667,614)
Cash beginning of period				2,654,154					2,654,154
Cash end of period	1,493,040				2,654,154				1,493,040	2,654,154
Cash paid during the year for:
Income taxes									243,998	396,000
Interest									761,079	914,125
Insurance premiums financed									2,343,657	2,479,708
Parent Company
Cash flows from operating activities:
Net income available to common shareholders									1,831,530	3,261,947
Adjustments to reconcile net income to net cash provided by operating activities
Provision for current tax benefit									(275,751)	(779,557)
Provision for deferred income tax expense									(261,177)	249,347
Depreciation expense									1,440	8,223
Equity in undistributed income of subsidiaries									(2,944,147)	(5,061,941)
Advances from subsidiaries									(706,235)	4,651,119
Changes in:
(Increase) decrease in prepaid expenses									(607,669)	356,585
(Increase) decrease in other receivable									169,472	(169,472)
Increase (decrease) in accounts payable									540	(144,133)
Decrease in accrued expenses and other current liabilities									(10,813)	(48,669)
Net cash provided by operating activities									(2,802,810)	2,323,449
Cash flows from investing activities:
Investment in property & equipment										(7,250)
Net cash used in investing activities										(7,250)
Cash flows from financing activities:
Borrowings on lines of credit and short-term debt, net of (repayments)									3,756,103	(9,372,535)
Principal payments on long term debt									(3,045,741)	(5,615,064)
Proceeds from private placement of preferred stock										249,998
Par value of common stock issued to preferred shareholders										3
Treasury stock purchased by company										(30)
Proceeds from long term debt									1,162,879	10,457,965
Net cash provided by (used in) financing activities									1,873,241	(4,279,663)
Decrease in cash and cash equivalents									(929,569)	(1,963,464)
Cash beginning of period				$ 1,493,613				$ 3,457,077	1,493,613	3,457,077
Cash end of period	$ 564,044				$ 1,493,613				564,044	1,493,613
Cash paid during the year for:
Income taxes									243,998	270,000
Interest									640,472	746,382
Insurance premiums financed									2,349,760	2,268,510
Dividends on preferred stock									$ 309,000	$ 386,250