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RESTRICTED CASH
9 Months Ended
Jun. 30, 2024
Cash and Cash Equivalents [Abstract]  
RESTRICTED CASH

NOTE 7 – RESTRICTED CASH

 

A subsidiary of the Company participates in a consortium in order to self-insure group care coverage for its employees. The plan is administrated by Benecon Group and the Company makes monthly deposits in a trust account to cover medical claims and any administrative costs associated with the plan. These funds, as required by the plan are restricted in nature and amounted to $1,052,028 at June 30, 2024, and $919,652 at September 30, 2023. The Company has $100,000 in restricted cash held in escrow related to projects that are still bonded through Heisey as of June 30, 2024.