XML 35 R20.htm IDEA: XBRL DOCUMENT
v3.24.4

OTHER ASSETS | 12 Months Ended
--- | ---
Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER ASSETS | NOTE 11 - OTHER ASSETS On November 13, 2020, and January 19, 2022, Cemtrex made $500,000 investments, on July 18, 2023, and October 5, 2023, made additional $100,000 investments, and on October 17, 2024, and November 18, 2024, made additional $50,000 investments on each respective date, 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 consolidated balance sheet and the Company accounts for this investment and recorded at cost. No impairment has been recorded for the years ended September 30, 2024 and 2023. Other assts consists of the following. SCHEDULE OF OTHER ASSETS
|  | September 30, 2024 |  |  | September 30, 2023 |
Rental deposits |  | $ | 194,796 |  |  | $ | 198,641 |
Investment in Masterpiece VR |  |  | 1,200,000 |  |  |  | 1,100,000 |
Other deposits |  |  | 350,845 |  |  |  | 167,808 |
Demonstration equipment supplied to resellers |  |  | 441,624 |  |  |  | 369,560 |
Other assets total |  | $ | 2,187,265 |  |  | $ | 1,836,009 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration