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INTERIM STATEMENT PRESENTATION (Tables)
 9 Months Ended
Jun. 30, 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 
   June 30, 2020 
   Previously reported   Adjustments   Adjusted 
             
Net Income income/(loss) attributable to Cemtrex, Inc. shareholders  $(4,454,617)  $258,941   $(4,195,676)
Foreign currency translation gain/(loss)  $310,797   $(156,354)  $154,443 
Loss Per Share-Basic  $(0.41)  $0.02   $(0.38)
Loss Per Share-Diluted  $(0.41)  $0.02   $(0.38)

 

   For the nine months ended 
   June 30, 2020 
   Previously reported   Adjustments   Adjusted 
             
Net loss available to Cemtrex, Inc. shareholders  $(6,658,086)  $807,691   $(5,850,395)
Foreign currency translation gain  $153,420   $8,040   $161,460 
Loss Per Share-Basic  $(0.93)  $0.11   $(0.82)
Loss Per Share-Diluted  $(0.93)  $0.11   $(0.82)
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY

Condensed Consolidated Statement of Stockholders’ Equity

 

   For the nine months ended 
   June 30, 2020 
   Previously reported   Adjustments   Adjusted 
             
Retained earnings (accumulated deficit) at September 30, 2019  $(20,067,685)  $(3,609,202)  $(23,676,887)
Net income/(loss)  $(8,744,636)  $2,894,241   $(5,850,395)
Retained earnings (accumulated deficit) at June 30, 2020  $(28,812,321)  $(714,961)  $(29,527,282)
Accumulated other comprehensive income/(loss)at September 30, 2019  $796,004   $995,149   $1,791,153 
Comprehensive income/(loss)  $153,420   $8,040   $161,460 
Accumulated other comprehensive income/(loss) at June 30, 2020  $949,424   $829,399   $1,778,823 
Additional paid-in capital  $60,543,674   $(2,067,370)  $58,476,304 
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Condensed Consolidated Statements of Cash Flows

 

   For the nine months ended 
   June 30, 2020 
   Previously reported   Adjustments   Adjusted 
             
Net loss  $(6,506,774)  $807,691   $(5,699,083)
Depreciation and amortization  $2,158,938   $(815,731)  $1,343,207 
Net cash used by operating activities  $(3,377,687)  $(8,040)  $(3,385,727)
Effect of currency translation  $120,731   $8,040   $128,771