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CONTRACT ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2023
Contract Assets And Liabilities  
SCHEDULE OF CONTRACT ASSETS AND LIABILITIES

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

 

   December 31, 2023   December 31, 2022 
         
Costs incurred on uncompleted contracts  $11,900,894   $2,779,408 
Estimated gross profit   3,020,654    1,145,663 
    14,921,548    3,925,071 
Applicable billings to date   (14,216,138)   (4,811,777)
Net billings in excess of costs, Ending balance  $705,410   $(886,706)

 

   December 31, 2023   September 30, 2023 
Included in the accompanying balance sheet under the following captions          
           
Contract assets, net          
Costs in excess, net  $1,593,142   $1,680,071 
Conditional retainage, net   100,993    59,130 
Total contract assets, net  $1,694,135   $1,739,201 
           
Contract liabilities          
Billings in excess   (988,725)   (980,319)
Total contract liabilities  $(988,725)  $(980,319)

 

   December 31, 2022   September 30, 2022 
Included in the accompanying balance sheet under the following captions        
         
Contract assets, net      
Costs in excess, net  $521,172  $781,819
Total contract assets, net  $521,172   $781,819 
           
Contract liabilities    
Billings in excess   (1,407,878)   (369,890)
Total contract liabilities  $(1,407,878)  $(369,890)