SHORT-TERM AND LONG-TERM DEBT (Tables)

3 Months Ended

Dec. 31, 2022

SHORT-TERM AND LONG-TERM DEBT

Schedule of short-term and long-term debt

	December 31,		September 30,
	2022		2022
Line of credit payable to bank, monthly interest at 7.75%, final payment due by June 28, 2023, guaranteed by certain directors of the Company.	$	12,500,000	$	12,500,000
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.		2,361,701		2,529,421
Notes payable to finance companies, due in monthly installments totaling $32,000 at December 31, 2022 and $60,000 at September 30, 2022, including interest ranging from 0.00% to 6.03%, final payments due January 2023 through August 2026, secured by equipment.		776,551		889,165
Note payable to finance company for insurance premiums financed, due in monthly installments totaling $282,000 in FY 2022 and $272,000 in FY 2021, including interest rate at 3.50%, final payment due November 2022.		—		580,320
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.		854,087		867,383
Notes payable to bank, due in monthly installments totaling $12,464, including interest at 8.75%, final payment due November 2025 secured by building and property, guaranteed by certain directors of the Company.		374,201		412,917
Notes payable to bank, due in monthly installments totaling $59,932, including fixed interest at 6.0%, final payment due October 2027 secured by receivables and equipment, guaranteed by certain directors of the Company.		3,011,436		—
Notes payable to David Bolton and Daniel Bolton, due in annual installments totaling $500,000, including fixed interest at 3.25%, final payment due December 31, 2026, unsecured.		1,637,500		2,380,000
Notes payable to bank, due in monthly installments totaling $68,073, including interest at 8.75%, beginning February 2022 with final payment due September 2026, secured by equipment, guaranteed by certain directors of the Company.		2,391,154		2,549,281
Term note payable to United Bank, Tri-State Paving acquisition, due in monthly installments of $140,000, fixed interest at 4.50%, final payment due by June 1, 2027, secured by receivables and equipment, guaranteed by certain directors of the Company.		6,666,246		6,982,097
Notes payable to Corns Enterprises, due in annual installments totaling $250,000, including fixed interest at 3.50%, final payment due April 29, 2026, unsecured.		946,935		943,836
Total debt	$	31,519,811	$	30,634,420
Less current maturities		17,075,060		17,140,336
Total long-term debt	$	14,444,751	$	13,494,084