XML 19 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Sep. 30, 2022
Current assets    
Cash and equivalents $ 6,634,037 $ 9,895,761
Restricted cash 645,297 1,577,915
Short-term investments 13,663 13,721
Inventory –net of allowance for inventory obsolescence 8,561,026 8,487,817
Prepaid expenses and other assets 2,588,400 2,421,644
Assets of discontinued operations 3,971,693
Total current assets 26,122,375 31,767,767
Property and equipment, net 5,052,796 5,280,442
Right-of-use assets 2,297,293 2,641,198
Goodwill 3,906,891 3,906,891
Other 1,584,910 1,399,745
Total Assets 40,404,180 45,757,628
Current liabilities    
Short-term liabilities 16,441,488 16,894,743
Lease liabilities - short-term 732,680 754,495
Deposits from customers 74,762 73,144
Accrued expenses 3,062,806 2,271,188
Deferred revenue 2,058,661 1,551,088
Accrued income taxes 57,150 94,848
Liabilities of discontinued operations 805,219
Total current liabilities 25,738,436 25,514,795
Long-term liabilities    
Loans payable to bank 73,407 110,331
Long-term lease liabilities 1,564,613 1,822,468
Notes payable 1,604,743
Mortgage payable 2,125,864 2,160,169
Other long-term liabilities 575,900 807,898
Paycheck Protection Program Loans 70,816 97,120
Deferred Revenue - long-term 581,193 607,309
Total long-term liabilities 6,596,536 5,605,295
Total liabilities 32,334,972 31,120,090
Commitments and contingencies
Shareholders’ equity    
Common stock, $0.001 par value, 50,000,000 shares authorized, 828,570 shares issued and outstanding at March 31, 2023 and 754,711 shares issued and outstanding at September 30, 2022 828 755
Additional paid-in capital 67,042,743 66,641,698
Accumulated deficit (61,801,025) (54,929,020)
Treasury stock, 64,100 shares of Series 1 Preferred Stock at March 31, 2023 and September 30, 2022 (148,291) (148,291)
Accumulated other comprehensive income 2,283,876 2,377,525
Total Cemtrex stockholders’ equity 7,380,364 13,944,796
Non-controlling interest 688,844 692,742
Total liabilities and shareholders’ equity 40,404,180 45,757,628
Series 1 Preferred Stock [Member]    
Shareholders’ equity    
Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at March 31 31, 2023 and September 30, 2022 2,183 2,079
Series C Preferred Stock [Member]    
Shareholders’ equity    
Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at March 31 31, 2023 and September 30, 2022 50 50
Nonrelated Party [Member]    
Current assets    
Trade receivables, net 7,271,488 5,399,216
Current liabilities    
Accounts payable 3,307,521 3,050,937
Related Party [Member]    
Current assets    
Trade receivables, net 408,464
Royalties receivable - related party 678,330
Note receivable - related party 761,585 761,585
Current liabilities    
Accounts payable $ 3,368 $ 19,133