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CONTRACT ASSETS AND LIABILITIES (Tables)

6 Months Ended

Mar. 31, 2024

Contract Assets And Liabilities

SCHEDULE OF CONTRACT ASSETS AND LIABILITIES

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

 SCHEDULE OF CONTRACT ASSETS AND LIABILITIES

		March 31, 2024				September 30, 2023
Costs incurred on uncompleted contracts		$	11,582,989			$	12,523,552
Estimated gross profit			2,816,002				3,085,350
			14,398,991				15,608,902
Applicable billings to date			(14,318,721	)			(14,850,020	)
Net billings in excess of costs, Ending balance		$	80,270			$	758,882

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- References

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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