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LINES OF CREDIT AND LONG-TERM LIABILITIES (Tables)

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

SCHEDULE OF LINES OF CREDIT AND LONG TERM LIABILITIES

 SCHEDULE OF LINES OF CREDIT AND LONG TERM LIABILITIES

								September 30,				September 30,
		Interest Rate		Maturity				2024				2023
Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of September 30, 2024. This loan is secured by certain assets of the Company.		SOFR plus 2.37% (7.33% as of September 30, 2024 and 7.68% as of September 30, 2023).			1/31/2025				28,302				108,700
Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of September 30, 2024. This loan is secured by certain assets of the Company.		SOFR plus 2.37% (7.33% as of September 30, 2024 and 7.68% as of September 30, 2023).			1/31/2025				28,302				108,700
Fulton Bank - $312,000 fund equipment for AIS. The Company was in compliance with loan covenants as of September 30, 2024. This loan is secured by certain assets of the Company.		SOFR plus 2.37% (7.33% as of September 30, 2024 and 7.68% as of September 30, 2023).			9/30/2029				312,000				-
Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of September 30, 2024. This loan is secured by the underlying asset.		SOFR plus 2.62% (7.58% on September 30, 2024 and (7.93% on September 30, 2023).			1/28/2040				2,113,337				2,180,115
Fulton Bank (HEISEY) - $1,200,000 mortgage loan; requires monthly principal and interest payments through August 1, 2043 with a final payment of remaining principal on September 1, 2043; The loan is collateralized by 615 Florence Street and 740 Barber Street and guaranteed by AIS and Cemtrex.		SOFR plus 2.80% per annum (7.76% as of September 30, 2024 and 8.11% as of September 30, 2023).			9/30/2043				1,176,112				1,200,000
Fulton Bank (HEISEY) - $2,160,000. promissory note related to purchase of Heisey; requires 84 monthly principal and interest payments; The note is collateralized by the Heisey assets and guaranteed by the Parent; matures in 2030.		SOFR plus 2.80% per annum (7.76% as of September 30, 2024 and 8.11% as of September 30, 2023).			7/1/2030				1,881,621				2,122,565
Note payable - $5,755,000 - Less original issue discount $750,000 and legal fees $5,000, net cash received $5,000,000 Unamortized original issue discount balance of $0, as of September 30, 2024 and September 30, 2023.		8%			6/30/2025				244,766				4,596,589
Note payable - $9,205,000. Less original issue discount $1,200,000 and legal fees $5,000,net cash received $8,000,000. 28,572 shares of common stock valued at $700,400 recognized as additional original issue discount. Unamortized original issue discount balance of $0 as of September 30, 2024 and September 30, 2023.		8%			2/22/2026				12,195,789				11,243,233
Note Payable - $240,000 For the purchase of Heisey Mechanical, Ltd.		6%			7/1/2024				-				240,000
Term Loan Agreement with NIL Funding Corporation (“NIL”) - $5,600,000 The Company was in compliance with loan covenants as of September 30, 2023.		11.50%			12/31/2024				-				1,979,743
Paycheck Protection Program loan - $121,400 - The issuing bank determined that this loan qualifies for loan forgiveness; however the Company is awaiting final approval from the Small Business Administration.		1%			5/5/2025				50,628				91,114
Software License Agreement - $1,125,000, for the purchase of software source code for use in our Security segment products		N/A			6/3/2024				-				675,000
Total debt								$	18,002,555			$	24,437,059
Less: Current maturities									(4,732,377	)			(14,507,711	)
Long-term debt								$	13,270,178			$	9,929,348

SCHEDULE OF ESTIMATED MATURITIES OF LONG TERM DEBT

Estimated maturities of the Company’s long-term debt over the next 5 years are as follows.

 SCHEDULE OF ESTIMATED MATURITIES OF LONG TERM DEBT

		2025				2026				2027				2028				2029				Thereafter				Total
Fulton Bank - $360,000			28,302				-				-				-				-				-			$	28,302
Fulton Bank - $360,000			28,302				-				-				-				-				-			$	28,302
Fulton Bank - $312,000			53,671				57,643				62,210				67,114				71,362				-			$	312,000
Fulton Bank - $2.16 Mil			264,301				262,135				284,544				308,869				335,063				426,709			$	1,881,621
Fulton Bank - Mortgage #1			72,410				73,009				85,701				92,430				100,563				1,689,224			$	2,113,337
Fulton Bank - Mortgage #2			28,417				26,792				29,087				31,578				34,030				1,026,208			$	1,176,112
PPP Loans			40,511				10,117				-				-				-				-			$	50,628
Notes Payable			4,244,765				8,195,790				-				-				-				-			$	12,440,555
TOTAL		$	4,732,377			$	8,625,486			$	461,542			$	499,991			$	541,018			$	3,142,141			$	18,002,555

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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