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Interim Statement Presentation (Tables)

6 Months Ended

Mar. 31, 2021

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
		March 31, 2020
		Previously reported				Adjustments				Adjusted
Net Income income/(loss) attributable to Cemtrex, Inc. shareholders		$	(1,886,648	)		$	287,547			$	(1,599,101	)
Foreign currency translation gain/(loss)		$	(750,696	)		$	870			$	(749,826	)
Loss Per Share-Basic		$	(0.30	)		$	0.05			$	(0.26	)
Loss Per Share-Diluted		$	(0.30	)		$	0.05			$	(0.26	)

		For the six months ended
		March 31, 2020
		Previously reported				Adjustments				Adjusted
Net loss available to Cemtrex, Inc. shareholders		$	(2,203,469	)		$	548,750			$	(1,654,719	)
Foreign currency translation gain		$	(157,377	)		$	(9,423	)		$	(166,800	)
Loss Per Share-Basic		$	(0.42	)		$	0.10			$	(0.31	)
Loss Per Share-Diluted		$	(0.42	)		$	0.10			$	(0.31	)

Schedule of Condensed Consolidated Statement of Stockholders' Equity

Condensed Consolidated Statement of Stockholders’ Equity

		For the six months ended
		March 31, 2020
		Previously reported				Adjustments				Adjusted
Retained earnings (accumulated deficit) at September 30, 2019		$	(20,067,685	)		$	(3,611,902	)		$	(23,679,587	)
Net income/(loss)		$	(2,203,469	)		$	548,750			$	(1,654,719	)
Retained earnings (accumulated deficit) at March 31, 2020		$	(24,357,704	)		$	(976,602	)		$	(25,334,306	)
Accumulated other comprehensive income/(loss)at September 30, 2019		$	796,004			$	806,889			$	1,602,893
Comprehensive income/(loss)		$	564,597			$	(870	)		$	563,727
Accumulated other comprehensive income/(loss) at March 31, 2020		$	1,379,030			$	806,019			$	2,185,049
Additional paid-in capital		$	46,895,763			$	(2,064,670	)		$	44,831,093

Schedule of Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows

		For the six months ended
		March 31, 2020
		Previously reported				Adjustments				Adjusted
Net loss		$	(2,016,406	)		$	548,750			$	(1,467,656	)
Depreciation and amortization		$	1,427,718			$	(539,327	)		$	888,391
Net cash used by operating activities		$	(1,380,126	)		$	9,423			$	(1,370,703	)
Effect of currency translation		$	(184,551	)		$	(9,423	)		$	(193,974	)

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- Definition

Tabular disclosure of condensed statement of comprehensive income (loss) including, but not limited to, statements of comprehensive income (loss) of consolidated entities and consolidation eliminations.

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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-Name Accounting Standards Codification
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