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Segment and Geographic Information
 12 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 5 – SEGMENT AND GEOGRAPHIC INFORMATION

 

The Company reports and evaluates financial information for two segments: Advanced Technologies (AT) segment, and the Industrial Services (IS) segment. The AT segment develops smart devices and provides progressive design and development solutions to create impactful experiences for mobile, web, virtual and augmented reality, wearables and television as well as providing cutting edge, mission critical security and video surveillance. The IS segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers in USA in industries such as: chemical, steel, printing, construction, & petrochemical.

 

The following tables summarize the Company’s segment information:

 

    For the years ended  
    September 30,  
    2020     2019  
Revenues from external customers                
Advanced Technologies   $ 25,750,684     $ 19,268,687  
Industrial Services     17,767,700       19,996,354  
Total revenues   $ 43,518,384     $ 39,265,041  
                 
Gross profit                
Advanced Technologies   $ 12,924,371     $ 8,296,186  
Industrial Services     6,440,076       7,266,488  
Total gross profit   $ 19,364,447     $ 15,562,674  
                 
Operating loss                
Advanced Technologies   $ (2,700,997 )   $ (5,633,572 )
Industrial Services     (1,332,508 )     (1,813,778 )
Total operating loss   $ (4,033,505 )   $ (7,447,350 )
                 
Other expense                
Advanced Technologies   $ (2,588,609 )   $ (4,441,385 )
Industrial Services     (197,815 )     (406,826 )
Total other expense   $ (2,786,424 )   $ (4,848,211 )
                 
Depreciation and Amortization                
Advanced Technologies   $ 1,519,022     $ 1,350,079  
Industrial Services     1,379,377       1,663,907  
Total depreciation and amortization   $ 2,898,399     $ 3,013,986  

 

    September 30,     September 30,  
    2020     2019  
Identifiable Assets                
Advanced Technologies   $ 39,953,522     $ 19,365,582  
Industrial Services     15,510,629       16,209,838  
Discontinued operations     8,867,821     $ 9,317,277  
Total Assets   $ 64,331,972     $ 44,892,697  

 

The Company generates revenue from product sales and services from its subsidiaries located in the United States, The United Kingdom, and India. Revenue and long-lived asset information for the Company is as follows:

 

    September 30,     September 30,  
Revenues   2020     2019  
U.S. Operations   $ 40,211,773     $ 35,320,625  
Non-U.S. Operations     3,306,611       3,944,416  
    $ 43,518,384     $ 39,265,041  

 

    September 30,     September 30,  
Long-lived Assets   2020     2019  
U.S. Operations   $ 6,793,597     $ 5,395,353  
Non-U.S. Operations     2,765,339       11,381,199  
    $ 9,558,936     $ 16,776,552