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CONTRACT ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2024
Contract Assets And Liabilities  
SCHEDULE OF CONTRACT ASSETS AND LIABILITIES

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

 

   December 31, 2024   September 30, 2024 
Costs incurred on uncompleted contracts  $11,837,535   $12,724,334 
Estimated gross profit   2,690,875    3,006,692 
    14,528,410    15,731,026 
Applicable billings to date   (14,266,356)   (16,000,023)
Net earnings in excess of billings / (billing in excess of costs)  $262,054   $(268,997)
SUMMARY OF CONTRACT ASSETS AND CONTACT LIABILITIES

   December 31, 2024   December 31, 2023 
   For three months ended
   December 31, 2024   December 31, 2023 
Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts          
Contract asset, beginning balance  $985,207   $1,739,201 
Changes in revenue billed, contract price or cost estimates   556,032    (45,066)
Contract asset, net, ending balance  $1,541,239   $1,694,135 
Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts          
Contract liability, beginning balance   (1,254,204)  $(980,319)
Changes in revenue billed, contract price or cost estimates   (24,981)   (8,406)
Contract liability, ending balance  $(1,279,185)  $(988,725)
Net Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts          
Net billings in excess of costs, beginning balance  $(268,997)  $758,882 
Changes in revenue billed, contract price or cost estimates  $531,051    (53,472)
Net billings in excess of costs, ending balance  $262,054   $705,410