Energy Services of America CORP

For the period ended Dec 31, 2023. Filed Feb 12, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2023 · Filed Feb 12, 2024

ESOA$9.06+5.1%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets


· · December 31, · · September 30,
	2023		2023
Assets
Current assets · ·
Cash and cash equivalents		$11,255,020		$16,431,572
Accounts receivable-trade		43,217,068		51,219,958
Allowance for doubtful accounts		(51,063)		(51,063)
Retainages receivable		9,691,713		7,589,749
Other receivables		1,221,330		516,968
Contract assets		21,795,592		15,955,220
Prepaid expenses and other		2,687,286		3,520,178
Total current assets		89,816,946		95,182,582

Property, plant and equipment, at cost		85,900,210		84,329,349
less accumulated depreciation		(49,618,944)		(47,799,840)
Total fixed assets		36,281,266		36,529,509

Right-of-use assets-operating lease		2,917,341		3,326,405
Intangible assets, net		3,274,957		3,383,099
Goodwill		4,087,554		4,087,554
Total assets		$136,378,064		$142,509,149

Liabilities and shareholders’ equity
Current liabilities
Current maturities of long-term debt		$6,726,605		$6,107,277
Lines of credit and short term borrowings		14,909,464		19,847,470
Current maturities of operating lease liabilities		1,229,348		1,075,815
Accounts payable		22,262,695		22,026,639
Accrued expenses and other current liabilities		11,575,093		13,103,944
Contract liabilities		17,663,714		17,743,001
Total current liabilities		74,366,919		79,904,146

Long-term debt, less current maturities		17,030,429		18,870,529
Long-term operating lease liabilities, less current maturities		1,691,185		2,274,975
Deferred tax liability		7,652,378		6,870,510
Total liabilities		100,740,911		107,920,160

Shareholders’ equity
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,885,615 issued and 16,567,185 outstanding at December 31, 2023 and September 30, 2023		1,789		1,789
Treasury stock, 1,318,430 shares at December 31, 2023 and September 30, 2023		(132)		(132)
Additional paid in capital		60,288,745		60,288,745
Retained deficit		(24,653,249)		(25,701,413)
Total shareholders’ equity		35,637,153		34,588,989
Total liabilities and shareholders’ equity		$136,378,064		$142,509,149

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.