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SEGMENT INFORMATION | 9 Months Ended
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Jun. 30, 2023
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: the Security segment, Industrial Services segment and the Corporate segment. The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
|  | Three months ended June 30, 2023 |  |  | Nine months ended June 30, 2023 |
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 9,015,279 |  |  | $ | 5,714,861 |  |  | $ | - |  |  | $ | 14,730,140 |  |  | $ | 25,933,921 |  |  | $ | 16,839,858 |  |  | $ | - |  |  | $ | 42,773,779 |
Cost of revenues |  |  | 4,610,443 |  |  |  | 3,639,054 |  |  |  | - |  |  |  | 8,249,497 |  |  |  | 13,005,314 |  |  |  | 10,908,935 |  |  |  | - |  |  |  | 23,914,249 |
Gross profit |  | $ | 4,404,836 |  |  | $ | 2,075,807 |  |  | $ | - |  |  | $ | 6,480,643 |  |  | $ | 12,928,607 |  |  | $ | 5,930,923 |  |  | $ | - |  |  | $ | 18,859,530 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales, general, and administrative |  |  | 3,182,509 |  |  |  | 912,387 |  |  |  | 1,032,183 |  |  |  | 5,127,079 |  |  |  | 9,494,634 |  |  |  | 3,437,565 |  |  |  | 2,826,134 |  |  |  | 15,758,333 |
Depreciation and amortization |  |  | 90,630 |  |  |  | 159,251 |  |  |  | - |  |  |  | 249,881 |  |  |  | 161,833 |  |  |  | 484,157 |  |  |  | 52,279 |  |  |  | 698,269 |
Research and development |  |  | 1,049,909 |  |  |  | - |  |  |  | - |  |  |  | 1,049,909 |  |  |  | 3,895,717 |  |  |  | - |  |  |  | - |  |  |  | 3,895,717 |
Operating income/(loss) |  | $ | 81,788 |  |  | $ | 1,004,169 |  |  | $ | (1,032,183 | ) |  | $ | 53,774 |  |  | $ | (623,577 | ) |  | $ | 2,009,201 |  |  | $ | (2,878,413 | ) |  | $ | (1,492,789 | )
Other income/(expense) |  | $ | (282,857 | ) |  | $ | (7,281 | ) |  | $ | (929,395 | ) |  | $ | (1,219,533 | ) |  | $ | (58,065 | ) |  | $ | (68,707 | ) |  | $ | (3,196,712 | ) |  | $ | (3,323,484 | )
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
|  | Three months ended June 30, 2022 |  |  | Nine months ended June 30, 2022 |
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 6,640,913 |  |  | $ | 5,467,991 |  |  | $ | - |  |  | $ | 12,108,904 |  |  | $ | 17,740,445 |  |  |  | 15,527,871 |  |  | $ | - |  |  | $ | 33,268,316 |
Cost of revenues |  |  | 3,257,672 |  |  |  | 3,811,125 |  |  |  | - |  |  |  | 7,068,797 |  |  |  | 10,261,376 |  |  |  | 10,974,802 |  |  |  | - |  |  |  | 21,236,178 |
Gross profit |  | $ | 3,383,241 |  |  | $ | 1,656,866 |  |  | $ | - |  |  | $ | 5,040,107 |  |  | $ | 7,479,069 |  |  | $ | 4,553,069 |  |  | $ | - |  |  | $ | 12,032,138 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales, general, and administrative |  |  | 3,057,839 |  |  |  | 1,081,392 |  |  |  | 814,487 |  |  |  | 4,953,718 |  |  |  | 8,483,955 |  |  |  | 3,706,041 |  |  |  | 2,867,239 |  |  |  | 15,057,235 |
Depreciation and amortization |  |  | 217,497 |  |  |  | 174,066 |  |  |  | 36,248 |  |  |  | 427,811 |  |  |  | 398,707 |  |  |  | 529,779 |  |  |  | 109,652 |  |  |  | 1,038,138 |
Research and development |  |  | 1,189,875 |  |  |  | - |  |  |  | - |  |  |  | 1,189,875 |  |  |  | 3,660,883 |  |  |  | - |  |  |  | - |  |  |  | 3,660,883 |
Operating (loss)/income |  | $ | (1,081,970 | ) |  | $ | 401,408 |  |  | $ | (850,735 | ) |  | $ | (1,531,297 | ) |  | $ | (5,064,476 | ) |  | $ | 317,249 |  |  | $ | (2,976,891 | ) |  | $ | (7,724,118 | )
Other income/(expense) |  | $ | (83,355 | ) |  | $ | (104,797 | ) |  | $ | 1,578,107 |  |  | $ | 1,389,955 |  |  | $ | 741,330 |  |  | $ | (181,586 | ) |  | $ | (864,616 | ) |  | $ | (304,872 | )
|  | 2023 |  |  | 2022 |
|  | June 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |
Identifiable Assets |  |  |  |  |  |  |  |
Security |  | $ | 20,631,185 |  |  | $ | 15,257,235 |
Industrial Services |  |  | 17,302,398 |  |  |  | 16,658,984 |
Corporate |  |  | 3,810,093 |  |  |  | 9,869,716 |
Discontinued operations |  |  | - |  |  |  | 3,971,693 |
Total Assets |  | $ | 41,743,676 |  |  | $ | 45,757,628 |

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