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Discontinued Operations (Tables)
 12 Months Ended
Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations

Assets and liabilities included within discontinued operations on the Company’s Consolidated Balance Sheets at September 30, 2020 and 2019 are as follows;

 

    September 30,     September 30,  
Assets   2020     2019  
Current assets                
Trade receivables - related party     544,500       555,600  
Total current assets     544,500       555,600  
                 
Property and equipment, net             8,761,677  
Assetss held for sale     8,323,321       -  
Total Assets   $ 8,867,821     $ 9,317,277  
                 
Liabilities                
Current liabilities                
Accounts payable   $ -     $ 263,832  
Total liabilities   $ -     $ 263,832  

 

Loss from discontinued operations, net of tax and the loss on sale of discontinued operations, net of tax, of the ROB Cemtrex Companies and Griffin Filters business, sold during fiscal year 2019, which are presented in total as discontinued operations, net of tax in the Company’s Consolidated Statements of Operations for the years ended September 30, are as follows:

 

    Year ended September 30,  
    2020     2019  
             
Total net sales   $ -     $ 42,614,107  
Cost of sales     -       25,788,268  
Operating, selling, general and administrative expenses     812,895       20,374,141  
Other expenses     -       264,505  
Income (loss) from discontinued operations     (812,895 )     (3,812,807 )
Loss on sale of discontinued operations     -       (6,374,563 )
Income tax provision     -       372,593  
Discontinued operations, net of tax   $ (812,895 )   $ (10,559,963 )