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SEGMENT INFORMATION | 9 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 4 – SEGMENT 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: manufacturing, steel, printing, construction, & petrochemical. The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION
|  | For the three months ended |  |  | For the nine months ended |
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenues from external customers |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 5,845,958 |  |  | $ | 4,977,424 |  |  | $ | 16,006,241 |  |  | $ | 18,389,057 |
Industrial Services |  | $ | 4,480,473 |  |  |  | 3,463,443 |  |  |  | 12,416,651 |  |  |  | 14,385,740 |
Total revenues |  | $ | 10,326,431 |  |  | $ | 8,440,867 |  |  | $ | 28,422,892 |  |  | $ | 32,774,797 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 2,693,677 |  |  | $ | 1,837,957 |  |  | $ | 7,686,875 |  |  | $ | 8,712,543 |
Industrial Services |  |  | 1,434,039 |  |  |  | 1,441,895 |  |  |  | 4,375,195 |  |  |  | 5,261,899 |
Total gross profit |  | $ | 4,127,716 |  |  | $ | 3,279,852 |  |  | $ | 12,062,070 |  |  | $ | 13,974,442 |
Operating loss |  |  |  |  |  |  | (restated) |  |  |  |  |  |  |  | (restated) |
Advanced Technologies |  | $ | (1,650,221 | ) |  | $ | (1,595,405 | ) |  | $ | (5,185,944 | ) |  | $ | (1,686,680 | )
Industrial Services |  |  | (650,048 | ) |  |  | (804,397 | ) |  |  | (1,122,874 | ) |  |  | (832,532 | )
Total operating loss |  | $ | (2,300,269 | ) |  | $ | (2,399,802 | ) |  | $ | (6,308,818 | ) |  | $ | (2,519,212 | )
Other income/(expense) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 4,955,782 |  |  | $ | (1,795,637 | ) |  | $ | 5,666,112 |  |  | $ | (2,868,033 | )
Industrial Services |  |  | (1,487,133 | ) |  |  | (28,330 | ) |  |  | 2,649,617 |  |  |  | (114,637 | )
Total other expense |  | $ | 3,468,649 |  |  | $ | (1,823,967 | ) |  | $ | 8,315,729 |  |  | $ | (2,982,670 | )
Depreciation and Amortization |  |  |  |  |  |  | (restated) |  |  |  |  |  |  |  | (restated) |
Advanced Technologies |  | $ | 103,177 |  |  | $ | 114,151 |  |  | $ | 308,755 |  |  | $ | 212,088 |
Industrial Services |  |  | 189,005 |  |  |  | 358,128 |  |  |  | 663,431 |  |  |  | 1,139,159 |
Total depreciation and amortization |  | $ | 292,182 |  |  | $ | 472,279 |  |  | $ | 972,186 |  |  | $ | 1,351,247 |
|  |  |  |  | September 30, |
|  | June 30, |  |  | 2020 |
|  | 2020 |  |  | (restated) |
Identifiable Assets |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 31,726,862 |  |  | $ | 36,732,018 |
Industrial Services |  |  | 17,640,536 |  |  |  | 15,590,448 |
Discontinued operations |  |  | 8,867,821 |  |  |  | 8,867,821 |
Total Assets |  | $ | 58,235,219 |  |  | $ | 61,190,287 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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