XML 48 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Discontinued Operations (Tables)
 9 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations

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 )