XML 25 R13.htm IDEA: XBRL DOCUMENT v3.25.0.1
RESTRICTED CASH
3 Months Ended
Dec. 31, 2024
Cash and Cash Equivalents [Abstract]  
RESTRICTED CASH

NOTE 6 – 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 $1,055,100 at December 31, 2024, and $1,030,606 at September 30, 2024. Additionally, there was $100,000 of restricted cash in escrow per the purchase agreement with Heisey Mechanical, Ltd, as of December 31, 2024 and September 30, 2024, an additional $22,349 and $325,340 in escrow related to bond requirements on certain public projects as of December 31, 2024, and September 30, 2024, respectively, and $62,675 and $66,935 in deposit guarantees as of December 31, 2024, and September 30, 2024, respectively.