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CONTRACT ASSETS AND LIABILITES (Tables)
 12 Months Ended
Sep. 30, 2024
Contract Assets And Liabilites  
SCHEDULE OF CONTRACT ASSETS AND LIABILITIES

The following is a summary of the Company’s uncompleted contracts.

 

   September 30, 2024   September 30, 2023 
Costs incurred on uncompleted contracts  $12,724,334    $12,523,552 
Estimated gross profit   3,006,692     3,085,350 
    15,731,026     15,608,902 
Applicable billings to date   (16,000,023)   (14,850,020)
Net (billings in excess of costs)/earnings in excess of billings, Ending balance  $(268,997)  $758,882 
SUMMARY OF CONTRACT ASSETS AND CONTACT LIABILITIES

 

   September 30, 2024   September 30, 2023 
   For the year ended 
   September 30, 2024   September 30, 2023 
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts          
Contract asset, beginning balance  $1,739,201   $781,819 
Changes in revenue billed, contract price or cost estimates   (753,994)   957,382 
Contract asset, net, ending balance  $985,207   $1,739,201 
Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts          
Contract liability, beginning balance   (980,319)  $(369,890)
Changes in revenue billed, contract price or cost estimates   (273,885)   (610,429)
Contract liability, ending balance  $(1,254,204)  $(980,319)
Net Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts          
Net billings in excess of costs, beginning balance  $758,882   $411,929 
Changes in revenue billed, contract price or cost estimates  $(1,027,879)   346,953 
Net billings in excess of costs, ending balance  $(268,997)  $758,882