XML 42 R30.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT INFORMATION (Tables)
 9 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

The following tables summarize the Company’s 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