March 31,
2025

September 30, 2024

(Unaudited)

Contract assets:

Retainage receivables

$

1,746,874

$

1,727,841

Revenue recognized in excess of amounts billed

4,019,808

2,560,872

Total contract assets

5,766,682

4,288,713

Less: allowance for credit losses

(67,237

)

(17,414

)

Total contract assets, net

5,699,445

4,271,299

Contract assets, current

4,686,136

3,270,627

Contract assets, non-current

$

1,013,309

$

1,000,672

Contract liabilities:

Payment received from customers in excess of revenue
recognized

$

(76,674

)

$

(512,171

)