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SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION

NOTE 6 – SEGMENT AND GEOGRAPHIC 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: chemical, steel, printing, construction, & petrochemical.

 

 

Cemtrex Inc. and Subsidiaries

 

The following tables summarize the Company’s segment information:

 

   For the years ended 
   September 30, 
   2021   2020 
Revenues from external customers          
Advanced Technologies  $24,154,488   $25,750,684 
Industrial Services   18,976,446    17,767,700 
Total revenues  $43,130,934   $43,518,384 
           
Gross profit        (restated) 
Advanced Technologies  $10,591,956   $11,181,127 
Industrial Services   6,376,396    6,440,076 
Total gross profit  $16,968,352   $17,621,203 
           
Operating loss        (restated) 
Advanced Technologies  $(9,793,851)  $(3,278,873)
Industrial Services   1,052,031    (1,290,938)
Total operating loss  $(8,741,820)  $(4,569,811)
           
Other income/(expense)          
Advanced Technologies  $4,891,984   $(2,588,609)
Industrial Services   4,619,048    (197,815)
Total other expense  $9,511,032   $(2,786,424)
           
Depreciation and Amortization        (restated) 
Advanced Technologies  $515,465   $643,427 
Industrial Services   819,724    1,222,299 
Total depreciation and amortization  $1,335,189   $1,865,726 

 

   September 30,   September 30, 
   2021   2020 
       (restated) 
Identifiable Assets          
Advanced Technologies  $33,850,496   $37,311,047 
Industrial Services   19,089,392    14,650,280 
Discontinued operations   -    8,867,821 
Total Assets  $52,939,888   $60,829,148 

 

 

Cemtrex Inc. and Subsidiaries

 

The Company generates revenue from product sales and services from its subsidiaries located in the United States, The United Kingdom, and India. Revenue and long-lived asset information for the Company is as follows:

 

   September 30,   September 30, 
Revenues  2021   2020 
U.S. Operations  $39,081,703   $40,211,773 
Non-U.S. Operations   4,049,231    3,306,611 
   $43,130,934   $43,518,384 

 

   September 30,   September 30, 
Long-lived Assets  2021   2020 
       (restated) 
U.S. Operations  $6,584,161   $5,805,696 
Non-U.S. Operations   154,783    168,154 
   $6,738,944   $5,973,850