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OTHER ASSETS

9 Months Ended

Jun. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER ASSETS

NOTE 14 – OTHER ASSETS

On November 13, 2020, Cemtrex made a $500,000 investment, on January 19, 2022, made an additional $500,000 investment, and on July 18, 2023, and October 5, 2023, made an additional $100,000 investment on each date via a simple agreement for future equity (“SAFE”) in MasterpieceVR. The SAFE provides that the Company will automatically receive shares of the entity based on the conversion rate of future equity rounds up to a valuation cap, as defined. MasterpieceVR is a software company that is developing software for content creation using virtual reality. The investment is recorded at cost and is included in other assets in the accompanying Condensed consolidated balance sheets. No impairment has been recorded for the three and nine months ended June 30, 2024.

Other assets consisted of the following:

 SCHEDULE OF OTHER ASSETS

		June 30, 2024				September 30, 2023
Rental deposits		$	210,428			$	198,641
Investment in Masterpiece VR			1,200,000				1,100,000
Other deposits			356,684				167,808
Demonstration equipment supplied to resellers			442,978				369,560
Other assets total		$	2,210,090			$	1,836,009

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The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets.

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