XML 17 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]        
Revenues $ 9,260,385 $ 12,113,847 $ 18,096,461 $ 24,333,930
Cost of revenues 5,331,501 6,767,743 10,162,107 13,639,340
Gross profit 3,928,884 5,346,104 7,934,354 10,694,590
Operating expenses        
General and administrative 5,249,985 5,458,071 10,667,181 10,032,481
Research and development 641,497 404,933 1,275,722 781,519
Total operating expenses 5,891,482 5,863,004 11,942,903 10,814,000
Operating income/(loss) (1,962,598) (516,900) (4,008,549) (119,410)
Other income/(expense)        
Other income/(expense) 1,679,944 447,792 2,630,932 672,117
Settlement Agreement - Related Party 3,674,165 3,674,165
Interest Expense (849,076) (1,348,298) (1,458,017) (1,830,820)
Total other income/(expense), net 4,505,033 (900,506) 4,847,080 (1,158,703)
Net loss before income taxes 2,542,435 (1,417,406) 838,531 (1,278,113)
Income tax benefit/(expense) (98,477) (189,543) (127,431) (189,543)
Net income/(loss) 2,443,958 (1,606,949) 711,100 (1,467,656)
Less income in noncontrolling interest (10,174) (7,848) (50,421) 187,063
Net income/(loss) attributable to Cemtrex, Inc. shareholders 2,454,132 (1,599,101) 761,521 (1,654,719)
Net income/(loss) 2,443,958 (1,606,949) 711,100 (1,467,656)
Other comprehensive income/(loss)        
Foreign currency translation gain/(loss) (87,972) (749,826) (40,491) (166,800)
Defined benefit plan actuarial gain/(loss) 87,895 87,895
Comprehensive income/(loss) 2,443,881 (2,356,775) 758,504 (1,634,456)
Less comprehensive income/(loss) attributable to noncontrolling interest 19,625 (897) 50,255 (214,237)
Comprehensive income/(loss) attributable to Cemtrex, Inc. shareholders $ 2,424,256 $ (2,355,878) $ 708,249 $ (1,420,219)
Income/(loss) Per Share-Basic $ 0.13 $ (0.26) $ 0.04 $ (0.31)
Income/(loss) Per Share-Diluted $ 0.13 $ (0.26) $ 0.04 $ (0.31)
Weighted Average Number of Shares-Basic 18,559,113 6,250,761 18,195,731 5,292,167
Weighted Average Number of Shares-Diluted 18,629,064 6,250,761 18,200,974 5,292,167