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LINES OF CREDIT AND LONG-TERM LIABILITIES (Tables)

6 Months Ended

Mar. 31, 2024

SCHEDULE OF LINES OF CREDIT AND LIABILITIES

The following table outlines the Company’s secured liabilities:

			March 31,			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 March 31, 2024. This loan is secured by certain assets of the Company.	SOFR plus 2.37% (7.71% as of March 31, 2024 and 7.68% as of September 30, 2023).	1/31/2025		69,164			108,700
Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of March 31, 2024. This loan is secured by certain assets of the Company.	SOFR plus 2.37% (7.71% as of March 31, 2024 and 7.68% as of September 30, 2023).	01/31/2025		69,164			108,700

Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of March 31, 2024. This loan is secured by the underlying asset.	SOFR plus 2.62% (7.96% on March 31, 2024 and (7.93% on September 30, 2023).	01/28/2040		2,146,939			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 (8.14% as of March 31, 2024 and 8.11% as of September 30, 2023).	09/30/2043		1,188,315			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 (8.14% as of March 31, 2024 and 8.11% as of September 30, 2023).	07/01/2030		2,004,136			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 March 31, 2024 and September 30, 2023.	8%	06/30/2025		4,787,348			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 March 31, 2024 and September 30, 2023.	8%	02/22/2026		11,709,830			11,243,233

Note Payable - $240,000 For the purchase of Heisey Mechanical, Ltd.	6%	07/01/2024		240,000			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%	05/05/2025		70,872			91,114

Software License Agreement - $1,125,000, for the purchase of software source code for use in our Security segment products	N/A	06/03/2024		225,000			675,000

HDFC Bank Auto Loan - $28,331, for the purchase of automobile at India office. Monthly payments of ₹65,179 ($784.89 as translated as of March 31, 2024). Automobile is collateral for this loan.	8.70%	06/05/2027		26,486			-
Total debt			$	22,468,090		$	24,437,059
Less: Current maturities				(914,170	)		(14,507,711	)
Long-term debt			$	21,553,920		$	9,929,348