SHORT-TERM AND LONG-TERM DEBT (Tables)

12 Months Ended

Sep. 30, 2022

SHORT-TERM AND LONG-TERM DEBT

Schedule of short-term and long-term debt

	2022		2021
Line of credit payable to bank, variable interest rate of 5.50% at September 30, 2022, final payment due by June 28, 2023, guaranteed by certain directors of the Company. See also Note 5.	$	12,500,000	$	4,500,000
Term note payable to United Bank, WV Pipeline acquisition, due in monthly installments of $64,853, fixed interest at 4.25%, final payment due by March 25, 2026, secured by receivables and equipment, guaranteed by certain directors of the Company.		2,529,421		3,183,549
Notes payable to finance companies, due in monthly installments  totaling $59,500 at September 30, 2022 and $70,062 at September 30, 2021, including interest ranging from 0.00% to 5.50%, final payments due October 2022 through August 2026, secured by equipment.		889,165		1,066,580
Note payable to finance company for insurance premiums financed, due in monthly installments  totaling $282,297 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.27%, final payment December 2022.		580,320		540,250
Notes payable to bank, due in monthly installments totaling  $7,848, including interest at 4.82%, final  payment due November 2034 secured by  building and property.		867,383		919,017
Notes payable to bank, due in monthly installments totaling  $12,193, variable interest of 7.25% at September 30, 2022, final  payment due November 2025 secured by  building and property, guaranteed by certain directors of the Company.		412,917		530,750
Notes payable to bank, due in monthly installments totaling  $98,865, including interest at 4.99%, final  payment due June 2022 secured by  equipment, guaranteed by certain directors of the Company.		—		872,452
Notes payable to David Bolton and Daniel Bolton, due in annual installments totaling $500,000, including interest at 3.25%, final payment due December 31, 2026, unsecured		2,380,000		2,850,000
Notes payable to bank, fixed interest at 4.25% of outstanding balance due in monthly installments between January 2021 and January 2022. Note payments due in monthly installments totaling  $68,150, including variable interest rate of 7.25% at September 30, 2022, with final  payment due September 2026, secured by  equipment, guaranteed by certain directors of the Company.		2,549,281		3,000,000
Term note payable to United Bank, Tri-State Paving acquisition, due in monthly installments of $129,910, fixed interest at 4.25%, final payment due by June 1, 2027, secured by receivables and equipment, guaranteed by certain directors of the Company.		6,982,097		—
Notes payable to Corns Enterprises, due in annual installments totaling $250,000, including interest at 3.50%, final payment due April 29, 2026, unsecured		943,836		—
Total debt	$	30,634,420	$	17,462,598
Less current maturities		17,140,336		8,441,824
Total long term debt	$	13,494,084	$	9,020,774

Schedule of future expected payments due on short-term and long-term debt

2023	$	17,140,336
2024		4,061,665
2025		4,170,114
2026		3,569,091
2027		1,069,272
Thereafter		623,942
	$	30,634,420