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Midas Edge

Energy Services of America CORP

For the period ended Mar 31, 2024. Filed May 8, 2024.

View on SEC.gov

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.

Mar 31, 2024 · Filed May 8, 2024

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

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

See the whole filing, with its images and exhibits
Contents

Consolidated Balance Sheets

​​​​​​​
​ · ​ · March 31, · ​ · September 30,
​20242023
Assets​​​​​​
Current assets · ​ · ​
Cash and cash equivalents​$12,091,466​$16,431,572
Accounts receivable-trade​46,373,286​51,219,958
Allowance for doubtful accounts​(51,063)​(51,063)
Retainages receivable​10,101,198​7,589,749
Other receivables​847,306​516,968
Contract assets​14,648,381​15,955,220
Prepaid expenses and other​5,106,870​3,520,178
Total current assets​89,117,444​95,182,582
​​​​​
Property, plant and equipment, at cost​87,681,355​84,329,349
less accumulated depreciation​(50,703,501)​(47,799,840)
Total property and equipment, net​36,977,854​36,529,509
​​​​​​​
Right-of-use assets-operating lease​​2,766,749​​3,326,405
Intangible assets, net​​3,166,815​​3,383,099
Goodwill​​4,087,554​​4,087,554
Total assets​$136,116,416​$142,509,149
​​​​​
Liabilities and shareholders’ equity​​​​
Current liabilities​​​​
Current maturities of long-term debt​$7,134,280​$6,107,277
Lines of credit and short-term borrowings​22,492,890​19,847,470
Current maturities of operating lease liabilities​​1,286,881​​1,075,815
Accounts payable​18,669,362​22,026,639
Accrued expenses and other current liabilities​10,876,126​13,103,944
Contract liabilities​16,308,516​17,743,001
Total current liabilities​76,768,055​79,904,146
​​​​​
Long-term debt, less current maturities​16,087,973​18,870,529
Long-term operating lease liabilities, less current maturities​​1,494,633​​2,274,975
Deferred tax liability​7,201,874​6,870,510
Total liabilities​101,552,535​107,920,160
​​​​
Shareholders’ equity​​
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,896,016 issued and 16,577,586 outstanding at March 31, 2024 and 17,885,615 issued and 16,567,185 outstanding at September 30, 2023​1,790​1,789
Treasury stock, 1,318,430 shares at March 31, 2024 and September 30, 2023​(132)​(132)
Additional paid in capital​60,324,300​60,288,745
Retained deficit​(25,762,077)​(25,701,413)
Total shareholders’ equity​34,563,881​34,588,989
Total liabilities and shareholders’ equity​$136,116,416​$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.