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OTHER ASSETS | 9 Months Ended
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Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER ASSETS | NOTE 12 – OTHER ASSETS On November 13, 2020, Cemtrex made a $500,000 investment and on January 19, 2022, made an additional $500,000 investment via a simple agreement for future equity (“SAFE”) in MasterpieceVR. The SAFE provides that the Company will automatically receive shares of the entity based on the conversion rate of future equity rounds up to a valuation cap, as defined. MasterpieceVR is a software company that is developing software for content creation using virtual reality. The investment is included in other assets in the accompanying balance sheet and the Company accounts for this investment and recorded at cost. No impairment has been recorded for the three and nine months ended June 30, 2023. Other assets consist of the following: SCHEDULE OF OTHER ASSETS
|  | June 30, 2023 |  |  | September 30, 2022 |
Rental deposits |  | $ | 251,739 |  |  | $ | 204,388 |
Investment in Masterpiece VR |  |  | 1,000,000 |  |  |  | 1,000,000 |
Other deposits |  |  | 64,626 |  |  |  | 24,467 |
Demonstration equipment supplied to resellers |  |  | 330,038 |  |  |  | 170,890 |
Other assets total |  | $ | 1,646,403 |  |  | $ | 1,399,745 |

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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