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SEGMENT AND GEOGRAPHIC INFORMATION | 12 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC INFORMATION | NOTE 3 – SEGMENT AND GEOGRAPHIC INFORMATION The Company has two business segments, consisting of (i) Advanced Technologies (AT) and (ii) Industrial Services (IS). Advanced Technologies (AT) Cemtrex’s Advanced Technologies segment operates several brands that deliver cutting-edge software and hardware technologies:
| - | Vicon Industries – Vicon Industries, a majority owned subsidiary, provides end-to-end video security solutions to meet the toughest corporate, industrial and governmental security challenges. Vicon’s products include browser-based video monitoring systems and analytics-based recognition systems, cameras, servers, and access control systems for every aspect of security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices. Vicon provides cutting edge, mission critical security and video surveillance solutions utilizing Artificial Intelligence (AI) based data algorithms.
| - | SmartDesk – SmartDesk is focused on reinventing the workspace through developing state-of-the-art, modern, fully integrated, workplace solutions.
| - | Cemtrex XR (“CXR”) – CXR is focused on realizing the potential of the metaverse. CXR delivers Virtual Reality (VR) and Augmented Reality (AR) solutions that provide higher productivity, progressive design and impactful experiences for consumer products, and various commercial and industrial applications. The Company is in the process of developing virtual reality applications for commercialization in the metaverse over the next couple years. CXR also invests in emerging startups focused on building best in class solutions for the metaverse.
| - | Virtual Driver Interactive (“VDI”) – VDI provides innovative driver training simulation solutions for effective and engaging learning for all ages and skills.
| - | Bravo Strong – Bravo Strong is a gaming and content studio working to building games and experiences for the metaverse.
| - | good tech (formerly Cemtrex Labs) – good tech provides mobile, web, and enterprise software application development services for startups to large enterprises.
Industrial Services (IS) Cemtrex’s IS segment operates through a brand, Advanced Industrial Services (“AIS”), that offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. We install high precision equipment in a wide variety of industrial markets like automotive, printing & graphics, industrial automation, packaging, and chemicals among others. We are a leading provider of reliability-driven maintenance and contracting solutions for the machinery, packaging, printing, chemical, and other manufacturing markets. The focus is on customers seeking to achieve greater asset utilization and reliability to cut costs and increase production from existing assets, including small projects, sustaining capital, turnarounds, maintenance, specialty welding services, and high-quality scaffolding. The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION
|  | 2022 |  |  | 2021 |
|  | For the years ended |
|  | September 30, |
|  | 2022 |  |  | 2021 |
Revenues from external customers |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 29,068,907 |  |  | $ | 24,154,488 |
Industrial Services |  |  | 21,206,016 |  |  |  | 18,976,446 |
Total revenues |  | $ | 50,274,923 |  |  | $ | 43,130,934 |
Gross profit |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 12,713,294 |  |  | $ | 10,591,956 |
Industrial Services |  |  | 6,342,224 |  |  |  | 6,376,396 |
Total gross profit |  | $ | 19,055,518 |  |  | $ | 16,968,352 |
Operating income/(loss) |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | (13,535,275 | ) |  | $ | (9,793,851 | )
Industrial Services |  |  | (3,333,086 | ) |  |  | 1,052,031 |
Total operating loss |  | $ | (16,868,361 | ) |  | $ | (8,741,820 | )
Other income/(expense) |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 3,548,734 |  |  | $ | 4,891,984 |
Industrial Services |  |  | (181,160 | ) |  |  | 4,619,048 |
Total other expense |  | $ | 3,367,574 |  |  | $ | 9,511,032 |
Depreciation and Amortization |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 1,158,444 |  |  | $ | 515,465 |
Industrial Services |  |  | 704,246 |  |  |  | 819,724 |
Total depreciation and amortization |  | $ | 1,862,690 |  |  | $ | 1,335,189 |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |
Identifiable Assets |  |  |  |  |  |  |  |
Advanced Technologies |  | $ | 29,098,644 |  |  | $ | 33,850,496 |
Industrial Services |  |  | 16,658,984 |  |  |  | 19,089,392 |
Total Assets |  | $ | 45,757,628 |  |  | $ | 52,939,888 |
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: SCHEDULE OF REVENUE FROM PRODUCT SALES AND SERVICES FROM ITS SUBSIDIARIES
|  | For the year ended |
|  | September 30, |  |  | September 30, |
Revenues |  | 2022 |  |  | 2021 |
United States |  | $ | 48,190,274 |  |  | $ | 39,081,703 |
United Kingdom |  |  | 2,049,239 |  |  |  | 3,989,223 |
India |  |  | 35,410 |  |  |  | 60,008 |
|  | $ | 50,274,923 |  |  | $ | 43,130,934 |
|  | September 30, |  |  | September 30, |
Long-lived Assets |  |  | 2022 |  |  |  | 2021 |
United States |  | $ | 12,663,822 |  |  | $ | 16,790,785 |
United Kingdom |  |  | 346,948 |  |  |  | 397,968 |
India |  |  | 242,003 |  |  |  | 311,601 |
|  | $ | 13,252,773 |  |  | $ | 17,500,354 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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