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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)
12 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

The following tables summarize the Company’s segment information:

 

 

   Security   Industrial Services   Corporate   Consolidated   Security   Industrial Services   Corporate   Consolidated 
   Year ended September 30, 2023   Year ended September 30, 2022 
   Security   Industrial Services   Corporate   Consolidated   Security   Industrial Services   Corporate   Consolidated 
Revenues  $34,359,470   $25,009,092   $-   $59,368,562   $23,820,764   $21,206,016   $-   $45,026,780 
Cost of revenues   17,253,170    16,429,566    -    33,682,736    13,597,060    14,863,792    -    28,460,852 
Gross profit  $17,106,300   $8,579,526   $-   $25,685,826   $10,223,704   $6,342,224   $-   $16,565,928 
Operating expenses                                        
Sales, general, and administrative   14,422,950    4,755,998    3,724,317    22,903,265    12,150,249    5,008,695    4,023,513    21,182,457 
Depreciation and amortization   254,392    719,404    52,279    1,026,075    906,272    704,246    141,580    1,752,098 
Goodwill impairment   -    -    -    -    3,316,000    -    -    3,316,000 
Research and development   3,267,994    -    -    3,267,994    4,444,488    -    -    4,444,488 
Operating (loss)/income  $(839,036)  $3,104,124   $(3,776,596)  $(1,511,508)  $(10,593,305)  $629,283   $(4,165,093)  $(14,129,115)
                                         
Other income/(expense)  $113,846   $(166,369)  $(4,437,082)  $(4,489,605)  $686,413   $(181,160)  $2,796,782   $3,302,035 

 

   September 30,   September 30, 
   2023   2022 
Identifiable Assets          
Security  $21,829,183   $15,257,235 
Industrial Services   23,781,349    16,658,984 
Corporate   2,843,211    9,869,716 
Discontinued operations   -    3,971,693 
Total Assets  $48,453,743   $45,757,628 
SCHEDULE OF REVENUE FROM PRODUCT SALES AND SERVICES FROM ITS 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:

 

   For the year ended 
   September 30,   September 30, 
   2023   2022 
Revenues          
United States  $53,905,149   $40,977,549 
United Kingdom   3,301,682    3,989,223 
India   2,161,731    60,008 
   $59,368,562   $45,026,780 

 

   September 30,   September 30, 
   2023   2022 
Long-lived Assets          
United States  $15,420,489   $11,118,962 
United Kingdom   328,819    397,968 
India   138,907    311,601 
   $15,888,215   $11,828,531