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SEGMENT INFORMATION (Tables) | 6 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT INFORMATION | The following tables summarize the Company’s reportable segment information and unallocated corporate expenses: SCHEDULE OF SEGMENT INFORMATION
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
|  | Three months ended March 31, 2024 |  |  | Three months ended March 31, 2023 |
|  | Reportable Segments |  |  |  |  |  |  |  |  | Reportable Segments |  |  |  |  |  |  |
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 8,084,932 |  |  | $ | 9,074,663 |  |  | $ | - |  |  | $ | 17,159,595 |  |  | $ | 9,913,898 |  |  | $ | 6,159,499 |  |  | $ | - |  |  | $ | 16,073,397 |
Cost of revenues |  |  | 3,971,963 |  |  |  | 6,248,216 |  |  |  | - |  |  |  | 10,220,179 |  |  |  | 4,793,817 |  |  |  | 3,941,099 |  |  |  | - |  |  |  | 8,734,916 |
Gross profit |  | $ | 4,112,969 |  |  | $ | 2,826,447 |  |  | $ | - |  |  | $ | 6,939,416 |  |  | $ | 5,120,081 |  |  | $ | 2,218,400 |  |  | $ | - |  |  | $ | 7,338,481 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales, general, and administrative |  |  | 3,833,596 |  |  |  | 1,897,269 |  |  |  | 984,403 |  |  |  | 6,715,268 |  |  |  | 2,965,659 |  |  |  | 1,336,313 |  |  |  | 807,242 |  |  |  | 5,109,214 |
Depreciation and amortization |  |  | 71,260 |  |  |  | 233,629 |  |  |  | - |  |  |  | 304,889 |  |  |  | 31,543 |  |  |  | 157,385 |  |  |  | 20,125 |  |  |  | 209,053 |
Research and development |  |  | 951,400 |  |  |  | - |  |  |  | - |  |  |  | 951,400 |  |  |  | 1,615,341 |  |  |  | - |  |  |  | - |  |  |  | 1,615,341 |
Operating income/(loss) |  | $ | (743,287 | ) |  | $ | 695,549 |  |  | $ | (984,403 | ) |  | $ | (1,032,141 | ) |  |  | 507,538 |  |  |  | 724,702 |  |  |  | (827,367 | ) |  |  | 404,873 |
Other income/(expense) |  | $ | (138,633 | ) |  | $ | (78,289 | ) |  | $ | (231,117 | ) |  | $ | (448,039 | ) |  | $ | 337,191 |  |  | $ | (29,866 | ) |  | $ | (1,265,959 | ) |  | $ | (958,634 | )
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
|  | Six months ended March 31, 2024 |  |  | Six months ended March 31, 2023 |
|  | Reportable Segments |  |  |  |  |  |  |  |  | Reportable Segments |  |  |  |  |  |  |
|  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |  |  | Security |  |  | Industrial Services |  |  | Corporate |  |  | Consolidated |
Revenues |  | $ | 17,252,733 |  |  | $ | 16,785,028 |  |  | $ | - |  |  | $ | 34,037,761 |  |  | $ | 16,918,642 |  |  | $ | 11,124,997 |  |  | $ | - |  |  | $ | 28,043,639 |
Cost of revenues |  |  | 8,622,817 |  |  |  | 11,393,129 |  |  |  | - |  |  |  | 20,015,946 |  |  |  | 8,394,871 |  |  |  | 7,267,672 |  |  |  | - |  |  |  | 15,662,543 |
Gross profit |  | $ | 8,629,916 |  |  | $ | 5,391,899 |  |  | $ | - |  |  | $ | 14,021,815 |  |  | $ | 8,523,771 |  |  | $ | 3,857,325 |  |  | $ | - |  |  | $ | 12,381,096 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General, and administrative |  |  | 8,161,224 |  |  |  | 3,426,532 |  |  |  | 1,731,177 |  |  |  | 13,318,933 |  |  |  | 5,715,088 |  |  |  | 2,525,178 |  |  |  | 1,793,951 |  |  |  | 10,034,217 |
Depreciation and amortization |  |  | 199,412 |  |  |  | 473,778 |  |  |  | - |  |  |  | 673,190 |  |  |  | 71,203 |  |  |  | 324,906 |  |  |  | 52,279 |  |  |  | 448,388 |
Research and development |  |  | 1,800,205 |  |  |  | - |  |  |  | - |  |  |  | 1,800,205 |  |  |  | 3,445,054 |  |  |  | - |  |  |  | - |  |  |  | 3,445,054 |
Operating (loss)/income |  | $ | (1,530,925 | ) |  | $ | 1,491,589 |  |  | $ | (1,731,177 | ) |  | $ | (1,770,513 | ) |  | $ | (707,574 | ) |  | $ | 1,007,241 |  |  | $ | (1,846,230 | ) |  | $ | (1,546,563 | )
Other income/(expense) |  | $ | (272,894 | ) |  | $ | (186,433 | ) |  | $ | (493,984 | ) |  | $ | (953,311 | ) |  | $ | 224,792 |  |  | $ | (61,426 | ) |  | $ | (2,267,317 | ) |  | $ | (2,103,951 | )

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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