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SEGMENT INFORMATION
 3 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 5 – SEGMENT INFORMATION

 

During the first quarter of fiscal year 2023, The Company reorganized its reporting segments to be in line with its current structure. The Company reports and evaluates financial information for three current segments: Security segment, Industrial Services segment and the Corporate segment.

 

The following tables summarize the Company’s segment information:

   Security  

Industrial

Services

   Corporate 
   Three months ended December 31, 2022 
   Security  

Industrial

Services

   Corporate 
Revenues  $7,004,744   $4,965,498   $- 
Cost of revenues   3,601,054    3,326,573    - 
Gross profit  $3,403,690   $1,638,925   $- 
Operating expenses               
Sales, general, and administrative   2,749,429    1,188,865    986,709 
Depreciation and amortization   331,155    167,521    32,154 
Research and development   1,538,218    -    - 
Operating loss  $(1,215,112)  $282,539   $(1,018,863)
                
Other income/(expense)  $(112,399)  $(31,560)  $(1,001,358)

 

   Security  

Industrial

Services

   Corporate 
   Three months ended December 31, 2021 
   Security   Industrial Services   Corporate 
Revenues  $4,359,423    5,053,972   $- 
Cost of revenues   2,567,358    3,623,787    - 
Gross profit  $1,792,065   $1,430,185   $- 
Operating expenses               
Sales, general, and administrative   2,859,964    1,410,861    929,423 
Depreciation and amortization   31,778    179,223    36,702 
Research and development   1,072,898    -    - 
Operating loss  $(2,172,575)  $(159,899)  $(966,125)
                
Other income/(expense)  $861,700   $(51,048)  $(1,282,918)

 

 

   December 31,   September 30, 
   2022   2022 
Identifiable Assets          
Security  $17,722,829   $12,052,177 
Industrial Services   17,382,118    16,658,984 
Corporate   5,802,342    13,077,101 
Discontinued operations   2,327    3,969,366 
Total Assets  $40,909,616   $45,757,628