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v3.21.1

Interim Statement Presentation (Tables) | 3 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Condensed Consolidated Balance Sheets | Condensed Consolidated Balance Sheets
|  | Balance as reported on September 30, 2020 |  |  | Adjustment of net value of intangible assets |  |  | Cumulative effect of derecognition of expenses |  |  | Loss on amounts transferred to First Commercial |  |  | Restatement on Dividends |  |  | Cumulative effect of currency translation |  |  | Adjusted balance at September 30, 2020
Property and equipment, net |  | $ | 9,558,936 |  |  | $ | (2,597,185 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,961,751
Series 1 preferred stock dividends payable |  | $ | 1,081,690 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (1,081,690 | ) |  |  |  |  |  | $ | -
Additional paid-in capital |  | $ | 63,313,336 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,091,570 | ) |  |  |  |  |  | $ | 60,221,766
Retained earnings (accumulated deficit) |  | $ | (33,172,690 | ) |  |  |  |  |  | $ | 3,579,346 |  |  | $ | (7,100,000 | ) |  | $ | 4,173,260 |  |  |  |  |  |  | $ | (32,520,084)
Accumulated other comprehensive income |  | $ | 853,643 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 923,469 |  |  | $ | 1,777,112
Schedule of Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) | Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss)
|  | For the three months ended |
|  | December 31, 2019 |
|  | Previously reported |  |  | Adjustments |  |  | Adjusted |
Net loss available to Cemtrex, Inc. shareholders |  | $ | (1,393,815 | ) |  | $ | 1,338,197 |  |  | $ | (55,618 | )
Foreign currency translation gain |  | $ | 583,026 |  |  | $ | (870 | ) |  | $ | 582,156 |
Loss Per Share-Basic |  | $ | (0.34 | ) |  | $ | 0.33 |  |  | $ | (0.01 | )
Loss Per Share-Diluted |  | $ | (0.34 | ) |  | $ | 0.33 |  |  | $ | (0.01 | )
Schedule of Condensed Consolidated Statement of Stockholders' Equity | Condensed Consolidated Statement of Stockholders’ Equity
|  | For the three months ended |
|  | December 31, 2019 |
|  | Previously reported |  |  | Adjustments |  |  | Adjusted |
Retained earnings (accumulated deficit) at December 31, 2019 |  | $ | (20,067,685 | ) |  | $ | (4,858,851 | ) |  | $ | (24,926,536 | )
Net loss |  | $ | (334,165 | ) |  | $ | 1,338,197 |  |  | $ | 1,004,032 |
Retained earnings (accumulated deficit) at December 31, 2019 |  | $ | (21,461,500 | ) |  | $ | (2,461,004 | ) |  | $ | (23,922,504 | )
Accumulated other comprehensive income (loss)e at September 30, 2019 |  | $ | 796,004 |  |  | $ | 924,339 |  |  | $ | 1,720,343 |
Comprehensive income |  | $ | 564,597 |  |  | $ | (870 | ) |  | $ | 563,727 |
Accumulated other comprehensive income (loss)e at December 31, 2019 |  | $ | 1,379,030 |  |  | $ | 923,469 |  |  | $ | 2,302,499 |
Additional paid-in capital |  | $ | 40,981,114 |  |  | $ | (2,064,670 | ) |  | $ | 38,916,444 |
Schedule of Condensed Consolidated Statements of Cash Flows | Condensed Consolidated Statements of Cash Flows
|  | For the three months ended |
|  | December 31, 2019 |
|  | Previously reported |  |  | Adjustments |  |  | Adjusted |
Net loss |  | $ | (139,254 | ) |  | $ | 278,547 |  |  | $ | 139,293 |
Depreciation and amortization |  | $ | 674,353 |  |  | $ | (277,677 | ) |  | $ | 396,676 |
Net cash used by operating activities |  | $ | (1,046,441 | ) |  | $ | 870 |  |  | $ | (1,045,571 | )
Effect of currency translation |  | $ | 564,597 |  |  | $ | (870 | ) |  | $ | 563,727 |

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