XML 26 R13.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT INFORMATION
 3 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 6 – SEGMENT INFORMATION

 

The Company reports and evaluates financial information for two reportable segments: the Security segment and the Industrial Services segment.

 

The following tables summarize the Company’s reportable segment information and corporate expenses:

 

   Security   Industrial Services   Corporate   Consolidated   Security   Industrial Services   Corporate   Consolidated 
  

Three months ended

December 31, 2023

  

Three months ended

December 31, 2022

 
   Reportable Segments           Reportable Segments         
   Security   Industrial Services   Corporate   Consolidated   Security   Industrial Services   Corporate   Consolidated 
Revenues  $9,167,801   $7,710,365   $-   $16,878,166   $7,004,744   $4,965,498   $-   $11,970,242 
Cost of revenues   4,650,854    5,144,913    -    9,795,767    3,601,054    3,326,573    -    6,927,627 
Gross profit  $4,516,947   $2,565,452   $-   $7,082,399   $3,403,690   $1,638,925   $-   $5,042,615 
Operating expenses                                        
General, and administrative   4,327,628    1,529,263    746,774    6,603,665    2,749,429    1,188,865    986,709    4,925,003 
Depreciation and amortization   128,152    240,149    -    368,301    331,155    167,521    32,154    530,830 
Research and development   848,805    -    -    848,805    1,538,218    -    -    1,538,218 
Operating (loss)/income  $(787,638)  $796,040   $(746,774)  $(738,372)  $(1,215,112)  $282,539   $(1,018,863)  $(1,951,436)
                                         
Other income/(expense)  $(134,261)  $(108,144)  $(262,867)  $(505,272)  $(112,399)  $(31,560)  $(1,001,358)  $(1,145,317)