XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Sep. 30, 2020
Current assets    
Cash and equivalents $ 12,879,278 $ 19,490,061
Restricted cash 1,690,873 1,582,798
Short-term investments 452,175 887,746
Trade receivables, net 5,234,216 6,686,797
Trade receivables - related party 1,505,789 1,432,209
Inventory –net of allowance for inventory obsolescence 8,669,397 6,793,806
Prepaid expenses and other assets 2,164,367 1,188,317
Total current assets 32,596,095 38,061,734
Property and equipment, net 7,236,755 6,961,751
Right-of-use assets 3,098,523 2,728,380
Assets held for sale 8,323,321 8,323,321
Goodwill 5,886,096 4,370,894
Other 1,094,429 744,207
Total Assets 58,235,219 61,190,287
Current liabilities    
Accounts payable 2,888,144 2,857,817
Short-term liabilities 6,381,047 7,034,510
Lease liabilities - short-term 840,016 721,036
Deposits from customers 39,227 29,660
Accrued expenses 2,476,812 2,392,487
Deferred revenue 1,794,187 1,651,784
Accrued income taxes 331 89,318
Total current liabilities 14,419,764 14,776,612
Long-term liabilities    
Loans payable to bank 1,046,504 1,871,201
Long-term lease liabilities 2,261,148 2,027,406
Notes payable 3,079,743 6,029,999
Mortgage payable 2,282,409 2,355,542
Other long-term liabilities 1,078,752 1,063,733
Paycheck Protection Program Loans 2,871,161 2,169,437
Deferred Revenue - long-term 449,563 467,329
Total long-term liabilities 13,069,280 15,984,647
Total liabilities 27,489,044 30,761,259
Commitments and contingencies
Shareholders’ equity    
Preferred stock value
Common stock, $0.001 par value, 50,000,000 shares authorized, 18,711,463 shares issued and outstanding at June 30, 2021 and 17,622,539 shares issued and outstanding at September 30, 2020 18,711 17,623
Additional paid-in capital 58,846,576 60,221,766
Retained earnings (accumulated deficit) (30,660,550) (32,520,084)
Treasury stock at cost (148,291) (148,291)
Accumulated other comprehensive income (loss) 1,624,673 1,777,112
Total Cemtrex stockholders’ equity 29,683,054 29,351,383
Non-controlling interest 1,063,121 1,077,645
Total liabilities and shareholders’ equity 58,235,219 61,190,287
Series 1 Preferred Stock [Member]    
Shareholders’ equity    
Preferred stock value 1,885 2,157
Series A Preferred Stock [Member]    
Shareholders’ equity    
Preferred stock value 1,000
Total Cemtrex stockholders’ equity 1,000
Series C Preferred Stock [Member]    
Shareholders’ equity    
Preferred stock value 50 100
Total Cemtrex stockholders’ equity $ 50 $ 100