Energy Services of America CORP

For the period ended Jun 30, 2024. Filed Aug 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.

Jun 30, 2024 · Filed Aug 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


· · June 30, · · September 30,
	2024		2023
Assets
Current assets · ·
Cash and cash equivalents		$14,537,867		$16,431,572
Accounts receivable-trade		50,173,780		51,219,958
Allowance for doubtful accounts		(51,063)		(51,063)
Retainages receivable		10,279,019		7,589,749
Other receivables		1,122,220		516,968
Contract assets		21,046,114		15,955,220
Prepaid expenses and other		4,245,892		3,520,178
Total current assets		101,353,829		95,182,582

Property, plant and equipment, at cost		90,554,178		84,329,349
less accumulated depreciation		(52,703,476)		(47,799,840)
Total property and equipment, net		37,850,702		36,529,509

Right-of-use assets-operating leases		2,497,162		3,326,405
Intangible assets, net		3,058,673		3,383,099
Goodwill		4,087,554		4,087,554
Total assets		$148,847,920		$142,509,149

Liabilities and shareholders’ equity
Current liabilities
Current maturities of long-term debt		$7,177,071		$6,107,277
Lines of credit and short-term borrowings		10,259,700		19,847,470
Current maturities of operating lease liabilities		1,114,734		1,075,815
Accounts payable		19,445,674		22,026,639
Accrued expenses and other current liabilities		12,021,416		13,103,944
Contract liabilities		17,944,618		17,743,001
Income tax payable		5,691,264		—
Total current liabilities		73,654,477		79,904,146

Long-term debt, less current maturities		14,502,286		18,870,529
Long-term operating lease liabilities, less current maturities		1,372,062		2,274,975
Deferred tax liability		7,282,967		6,870,510
Total liabilities		96,811,792		107,920,160

Shareholders’ equity
Common stock, $.0001 par value Authorized 50,000,000 shares, 17,896,016 issued and 16,570,685 outstanding at June 30, 2024 and 17,885,615 issued and 16,567,185 outstanding at September 30, 2023		1,790		1,789
Treasury stock, 1,325,331 shares at June 30, 2024 and 1,318,430 shares at September 30, 2023		(133)		(132)
Additional paid in capital		60,282,921		60,288,745
Retained deficit		(8,248,450)		(25,701,413)
Total shareholders’ equity		52,036,128		34,588,989
Total liabilities and shareholders’ equity		$148,847,920		$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.