XML 50 R38.htm IDEA: XBRL DOCUMENT v3.22.4
SUMMARY OF LOSS ON SALE (Details) - USD ($)
 3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Sep. 30, 2022
Assets Sold      
Accounts receivable, net   $ 561,470
Total Assets Sold   3,971,693
Liabilities Transferred      
Short-term liabilities   805,219
Long-term liabilities   6,273
Total Liabilities Transferred   $ 811,492
Pretax loss on sale of Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc.Companies (2,455,341)  
Discontinued Operations, Disposed of by Sale [Member]      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Purchase Price 745,621    
Less cash and cash equivalents transferred (699,423)    
Less Liabilities assumed (10,924)    
Net purchase price 35,274    
Assets Sold      
Accounts receivable, net 625,638    
Inventory, net 980,730    
Prepaid expenses and other assets 502,577    
Property and equipment, net 837,808    
Goodwill 598,392    
Total Assets Sold 3,545,145    
Liabilities Transferred      
Accounts payable 370,774    
Short-term liabilities 364,775    
Long-term liabilities 318,981    
Total Liabilities Transferred 1,054,530    
Net assets sold 2,490,615    
Pretax loss on sale of Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc.Companies $ (2,455,341)