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SEGMENT INFORMATION

3 Months Ended

Dec. 31, 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

		2021				2020
		For the three months ended
		December 31,
		2021				2020
Revenues from external customers
Advanced Technologies		$	5,618,517			$	4,672,869
Industrial Services			5,053,972				4,163,207
Total revenues		$	10,672,489			$	8,836,076
Gross profit
Advanced Technologies		$	2,439,009			$	2,346,272
Industrial Services			1,430,185				1,659,198
Total gross profit		$	3,869,194			$	4,005,470
Operating loss
Advanced Technologies		$	(3,894,624	)		$	(1,842,346	)
Industrial Services			(159,899	)			(203,605	)
Total operating loss		$	(4,054,523	)		$	(2,045,951	)
Other income/(expense)
Advanced Technologies		$	(424,252	)		$	367,235
Industrial Services			(51,048	)			(25,188	)
Total other expense		$	(475,300	)		$	342,047
Depreciation and Amortization
Advanced Technologies		$	83,610			$	115,832
Industrial Services			179,223				244,746
Total depreciation and amortization		$	262,833			$	360,578

		December 31,				September 30,
		2021				2021
Identifiable Assets
Advanced Technologies		$	29,506,121			$	33,850,496
Industrial Services			17,315,942				19,089,392
Total Assets		$	46,822,063			$	52,939,888

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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

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