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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 3,897,511 $ 5,329,910
Restricted cash 1,522,881 1,019,652
Inventory, net 6,988,529 8,739,219
Contract assets, net 985,207 1,739,201
Prepaid expenses and other current assets 1,456,687 2,112,022
Total current assets 26,696,279 29,293,041
Property and equipment, net 9,133,578 9,218,701
Right-of-use operating lease assets 1,933,378 2,287,623
Goodwill 3,708,347 4,381,891
Other 2,187,265 1,836,009
Total Assets 44,115,458 48,453,743
Current liabilities    
Sales tax payable 73,024 35,829
Revolving line of credit 3,125,011
Current maturities of long-term liabilities 4,732,377 14,507,711
Operating lease liabilities - short-term 832,823 741,487
Deposits from customers 408,415 57,434
Accrued expenses 2,034,352 2,784,390
Contract liabilities 1,254,204 980,319
Deferred revenue 1,297,616 1,583,406
Accrued income taxes 314,827 388,627
Total current liabilities 18,592,822 27,344,118
Long-term liabilities    
Long-term debt 13,270,178 9,929,348
Long-term operating lease liabilities 1,159,204 1,607,202
Other long-term liabilities 274,957 501,354
Deferred Revenue - long-term 658,019 727,928
Warrant liabilities 5,199,436
Total long-term liabilities 20,561,794 12,765,832
Total liabilities 39,154,616 40,109,950
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 70,000,000 shares authorized, 14,176 shares issued and outstanding at September 30, 2024 and 50,000,000 shares authorized, 498 shares issued and outstanding at September 30, 2023 14 1
Additional paid-in capital 73,262,536 68,882,750
Accumulated deficit (71,355,386) (64,125,895)
Treasury stock, 64,100 shares of Series 1 Preferred Stock at September 30, 2024, and September 30, 2023 (148,291) (148,291)
Accumulated other comprehensive income 2,949,297 3,076,706
Total Cemtrex stockholders’ equity 4,710,677 7,687,614
Non-controlling interest 250,165 656,179
Total liabilities and stockholders’ equity 44,115,458 48,453,743
Series 1 Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 2,457 2,293
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 50 50
Nonrelated Party [Member]    
Current assets    
Trade receivables, net 11,159,676 9,209,695
Current liabilities    
Accounts payable 4,520,173 6,196,406
Related Party [Member]    
Current assets    
Trade receivables, net 685,788 1,143,342
Royalties receivable, net - related party 456,611 674,893
Note receivable, net - related party 761,585
Current liabilities    
Accounts payable $ 68,509