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SEGMENT INFORMATION
 9 Months Ended
Jun. 30, 2022
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:

 

   2022   2021   2022   2021 
   For the three months ended    For the nine months ended  
   June 30,    June 30,  
   2022   2021   2022   2021 
Revenues from external customers                    
Advanced Technologies  $8,162,855   $5,845,958   $21,503,679   $16,006,241 
Industrial Services  $5,467,991    4,480,473    15,527,871    12,416,651 
Total revenues  $13,630,846   $10,326,431   $37,031,550   $28,422,892 
                     
Gross profit                    
Advanced Technologies  $4,219,490   $2,693,677   $9,245,092   $7,686,875 
Industrial Services   1,656,866    1,434,039    4,553,069    4,375,195 
Total gross profit  $5,876,356   $4,127,716   $13,798,161   $12,062,070 
                     
Operating income/(loss)                    
Advanced Technologies  $(3,426,264)  $(1,650,221)  $(13,252,823)  $(5,185,944)
Industrial Services   1,305,415    (650,048)   3,258,114    (1,122,874)
Total operating loss  $(2,120,849)  $(2,300,269)  $(9,994,709)  $(6,308,818)
                     
Other income/(expense)                    
Advanced Technologies  $1,252,826   $4,955,782   $(135,094)  $5,666,112 
Industrial Services  $(111,620)   (1,487,133)   (181,586)   2,649,617 
Total other expense  $1,141,206   $3,468,649   $(316,680)  $8,315,729 
                     
Depreciation and Amortization                    
Advanced Technologies  $309,634   $103,177   $816,604   $308,755 
Industrial Services   174,066    189,005    529,779    663,431 
Total depreciation and amortization  $483,700   $292,182   $1,346,383   $972,186 

 

   June 30,   September 30, 
   2022   2021 
Identifiable Assets          
Advanced Technologies  $34,098,148   $33,850,496 
Industrial Services   17,105,420    19,089,392 
Total Assets  $51,203,568   $52,939,888