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Commitments and Contingencies

12 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

NOTE 19 – COMMITMENTS AND CONTINGENCIES

The Company has moved its corporate activities to New York City with a lease of 2,500 square feet of office space at a rate of $13,000 per month that expires June 30, 2020. The Company has recognized $52,000 of lease expense for this lease.

The Company’s IS segment leases (i) approximately 25,000 square feet of warehouse space in Manchester, PA from a third party in a seven year lease at a monthly rent of $7,300 expiring on December 13, 2022, the Company has recognized $87,600 of lease expense for this lease, (ii) approximately 43,000 square feet of office and warehouse space in York, PA from a third party in a seven-year lease at a monthly rent of $21,825 expiring on December 13, 2022, the Company has recognized $261,900 of lease expense for this lease. and (iii) approximately 15,500 square feet of warehouse space in Emigsville, PA from a third party in a two-year lease at a monthly rent of $4,555 expiring on August 31, 2022, the Company has recognized $54,660 of lease expense for this lease. Additionally, the Company’s IS segment leases various vehicles with monthly lease payments ranging from $84 to $1,979 that terminate during 2019 through 2023. The Company has recognized $336,355 of lease expense for these leases.

The Company’s AT segment leases (i) approximately 6,700 square feet of office and warehouse space in Pune, India from a third party in an five year lease at a monthly rent of $6,453 (INR456,972) expiring on February 28, 2024, the Company has recognized $75,783 of lease expense for this lease, (ii) approximately 27,000 square feet of office and warehouse space in Hauppauge, New York from a third party in a five-year lease at a monthly rent of $25,480 expiring on April 30, 2020, the Company has recognized $280,552 of lease expense for this lease, and (iii) approximately 9,400 square feet of office and warehouse space in Southampton, England in a fifteen-year lease with at a monthly rent of $87,745 (£69,250) which expires on March 24, 2031 and contains provisions to terminate in 2021 and 2026, the Company has recognized $280,552 of lease expense for this lease.

Future Lease obligations are as follows;

2020		2,279,105
2021		1,992,196
2022		1,631,046
2023		1,391,304
2024		1,086,790
	$	7,293,580