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Discontinued Operations | 9 Months Ended
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Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | NOTE 19 – DISCONTINUED OPERATIONS During fiscal 2019, the Company reached a strategic decision to exit the environmental products business, which was part of Industrial Services group. Additionally, the Company sold its Electronics Manufacturing segment. Accordingly, the Company has reported the results of the environmental control products business and the Electronics Manufacturing segment as discontinued operations in the Consolidated Statements of Operations and in the Consolidated Balance Sheets. Income (loss) from discontinued operations, net of tax and the loss on sale of discontinued operations, net of tax, of the ROB Cemtrex Companies and the environmental products business which are presented in total as discontinued operations, net of tax in the Company’s Consolidated Statements of Operations for the three and nine months ended June 30, 2020 and 2019, are as follows:
|  | Three months ended June 30, |  |  | Nine months ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Total net sales |  | $ | - |  |  | $ | 11,523,119 |  |  | $ | - |  |  | $ | 34,972,164 |
Cost of sales |  |  | - |  |  |  | 7,009,550 |  |  |  | - |  |  |  | 21,008,465 |
Operating, selling, general and administrative expenses |  |  | - |  |  |  | 4,811,870 |  |  |  | - |  |  |  | 14,576,012 |
Other expenses |  |  | - |  |  |  | (341,366 | ) |  |  | - |  |  |  | (43,615 | )
Income (loss) from discontinued operations |  |  | - |  |  |  | 43,065 |  |  |  | - |  |  |  | (568,698 | )
Loss on sale of discontinued operations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax provision |  |  | - |  |  |  | 264,988 |  |  |  | - |  |  |  | 198,328 |
Discontinued operations, net of tax |  | $ | - |  |  | $ | (221,923 | ) |  | $ | - |  |  | $ | (767,026 | )

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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