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Equity Method Investment

3 Months Ended

Dec. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Equity Method Investment

NOTE 4 – EQUITY METHOD INVESTMENT

On March 23, 2018, in a private resale transaction, Cemtrex purchased 7,284,824 shares of common stock and a warrant to purchase an additional 1,500,000 shares of common stock of Vicon Industries, Inc. (See NOTE 1).

Below is the summarized statement of income for Vicon;

		For the three
		months ended
		December 31, 2018
Revenues		$	6,379,274
Net loss		$	(745,165	)

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The entire disclosure for cost method and equity method investments included basis, impairment losses, recognized or unrecognized gains (losses).

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