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Segment and Geographic Information (Tables) | 12 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Information | The following tables summarize the Company’s segment information:
|  | For the year ended |
|  | September 30, |
|  | 2018 |  |  | 2017 |
Revenues form external customers |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 1,765,106 |  |  | $ | - |
Electronics Manufacturing |  |  | 52,530,983 |  |  |  | 64,058,934 |
Industrial Technology |  |  | 35,640,430 |  |  |  | 56,569,266 |
Total revenues |  | $ | 89,936,519 |  |  | $ | 120,628,200 |
Gross profit |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 1,118,366 |  |  | $ | - |
Electronics Manufacturing |  |  | 20,143,943 |  |  |  | 23,462,190 |
Industrial Technology |  |  | 10,122,948 |  |  |  | 16,451,362 |
Total gross profit |  | $ | 31,385,257 |  |  | $ | 39,913,552 |
Operating (loss) income |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | (6,529,172 | ) |  | $ | - |
Electronics Manufacturing |  |  | 234,012 |  |  |  | 571,167 |
Industrial Technology |  |  | (4,605,505 | ) |  |  | 4,544,511 |
Total operating (loss) income |  | $ | (10,900,665 | ) |  | $ | 5,115,678 |
Other income (expense) |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 8,346 |  |  | $ | - |
Electronics Manufacturing |  |  | 567,497 |  |  |  | (187,266 | )
Industrial Technology |  |  | (300,796 | ) |  |  | (422,849 | )
Total other income (expense) |  | $ | 275,047 |  |  | $ | (610,115 | )
Depreciation and Amortization |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 573,395 |  |  | $ | - |
Electronics Manufacturing |  |  | 1,797,768 |  |  |  | 1,697,547 |
Industrial Technology |  |  | 1,809,957 |  |  |  | 1,444,063 |
Total depreciation and amortization |  | $ | 4,181,120 |  |  | $ | 3,141,610 |
|  | September 30, |  |  | September 30, |
|  | 2018 |  |  | 2017 |
Identifiable Assets |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 5,569,383 |  |  | $ | - |
Electronics Manufacturing |  |  | 25,589,642 |  |  |  | 39,115,299 |
Industrial Technology |  |  | 36,171,589 |  |  |  | 31,066,074 |
Total Assets |  | $ | 67,330,614 |  |  | $ | 70,181,373 |
Schedule of Revenue and Long-lived Assets | The Company generates revenue from product sales and services from its subsidiaries located in the United States, Germany, Romania, India, and Hong Kong. Revenue and long-lived asset information for the Company is as follows:
|  | September 30, |  |  | September 30, |
Revenues |  | 2018 |  |  | 2017 |
U.S. Operations |  | $ | 25,304,978 |  |  | $ | 30,550,870 |
Non-U.S. Operations |  |  | 64,631,541 |  |  |  | 90,077,330 |
|  | $ | 89,936,519 |  |  | $ | 120,628,200 |
|  | September 30, |  |  | September 30, |
Long-lived Assets |  | 2018 |  |  | 2017 |
U.S. Operations |  | $ | 6,262,163 |  |  | $ | 6,430,210 |
Non-U.S. Operations |  |  | 21,038,491 |  |  |  | 13,688,101 |
|  | $ | 27,300,654 |  |  | $ | 20,118,311 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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