Energy Services of America CORP
For the period ended Mar 31, 2025. Filed May 12, 2025.
View on SEC.govAbout 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, 2025 · Filed May 12, 2025
ESOA$8.81-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Six Months Ended · · Six Months Ended | ||||||
| · · March 31, · · March 31, | ||||||
| · 2025 · 2024 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net (loss) income | | $(5,944,685) | | $933,367 | ||
| | | | | | | |
| Adjustments to reconcile net (loss) Income to net cash provided by operating activities: | | | | | | |
| Depreciation expense | | | 5,586,230 | | 4,181,948 | |
| Accreted interest on PPP loans | | 49,738 | | 50,172 | ||
| Gain on sale of equipment | | (179,242) | | (291,595) | ||
| Provision for deferred taxes | | | (1,839,881) | | | 331,364 |
| Amortization of intangible assets | | | 295,060 | | | 216,284 |
| Accreted interest on note payable | | | 25,000 | | | 30,186 |
| Vested stock grants | | | 32,758 | | | 35,556 |
| Decrease in accounts receivable-trade | | | 10,162,409 | | | 4,846,672 |
| Decrease (increase) in retainage receivable | | | 599,786 | | | (2,511,449) |
| Decrease (increase) in other receivables | | 1,389,784 | | (330,338) | ||
| Decrease in contract assets | | | 3,581,095 | | | 1,306,839 |
| Increase in prepaid expenses and other | | | (1,020,822) | | | (1,586,692) |
| Decrease in accounts payable | | (4,561,534) | | (3,357,277) | ||
| Decrease in accrued expenses and other current liabilities | | (3,497,456) | | (2,237,438) | ||
| Increase (decrease) in contract liabilities | | 5,311,068 | | (1,434,485) | ||
| Net cash provided by operating activities | | 9,989,308 | | 183,114 | ||
| | | | | | ||
| Cash flows from investing activities: | | | | | ||
| Investment in property and equipment | | (5,087,101) | | (3,586,106) | ||
| Acquistion of Tribute Contracting & Consultants, net of cash aquired | | | (20,783,224) | | | — |
| Proceeds from sales of property and equipment | | 596,314 | | 943,938 | ||
| Net cash used in investing activities | | (25,274,011) | | (2,642,168) | ||
| | | | | | | |
| Cash flows from financing activities: | | | | | ||
| Proceeds from long-term debt | | 16,000,000 | | — | ||
| Borrowings on lines of credit and short term debt, net of (repayments) | | | 1,250,000 | | | 2,636,849 |
| Cash dividend on common stock | | | (501,164) | | | (994,031) |
| Principal payments on long-term debt | | | (4,463,936) | | | (3,523,870) |
| Net cash provided by (used in) financing activities | | 12,284,900 | | (1,881,052) | ||
| Decrease in cash and cash equivalents | | (2,999,803) | | (4,340,106) | ||
| Cash and cash equivalents beginning of period | | 12,926,036 | | 16,431,572 | ||
| Cash and cash equivalents end of period | | $9,926,233 | | $12,091,466 | ||
| | | | | | ||
| Supplemental schedule of noncash investing and financing activities: | | | | | ||
| Purchases of property & equipment under financing agreements | | $201,538 | | $1,696,530 | ||
| Net operating lease right-of-use assets received in exchange for operating lease liabilities | | $506,305 | | $(2,846) | ||
| Common dividends declared but not paid | | $501,504 | | $— | ||
| Common stock issued in Tribute Contracting & Consultants acquisition | | $2,000,000 | | $— | ||
| | | | | | ||
| Supplemental disclosures of cash flows information: | | | | | ||
| Cash paid during the period for: | | | | | ||
| Interest | | $1,232,072 | | $1,169,311 | ||
| Income taxes | | $1,170,000 | | $1,153,934 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.