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LINES OF CREDIT AND LONG-TERM LIABILITIES (Tables)
 3 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
SCHEDULE OF LINES OF CREDIT AND AND LONG TERM LIABILITIES

The following table outlines the Company’s secured liabilities:

 

         December 31,   September 30, 
   Interest Rate  Maturity  2024   2024 
Fulton Bank - $360,000 fund equipment for AIS.The Company was in compliance with loan covenants as of December 31, 2024. This loan is secured by certain assets of the Company.  SOFR plus 2.37% (6.86% as of December 31, 2024 and 7.33% as of September 30, 2024).  1/31/2025   7,132    28,302 
                 
Fulton Bank - $312,000 fund equipment for AIS.The Company was in compliance with loan covenants as of December 31, 2024. This loan is secured by certain assets of the Company.  SOFR plus 2.37% (6.86% as of December 31, 2024 and 7.33% as of September 30, 2024).  9/30/2029   298,681    312,000 
                 
Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of December 31, 2024. This loan is secured by the underlying asset.  SOFR plus 2.62%  (7.11% on December 31, 2024 and 7.58% on September 30, 2024).  1/28/2040   2,094,230    2,113,337 
                 
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 (7.29% as of December 31, 2024 and 7.76% as of September 30, 2024).  9/30/2043   1,169,221    1,176,112 
                 
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 (7.29% as of December 31, 2024 and 7.76% as of September 30, 2024).  7/1/2030   1,817,195    1,881,621 
                 
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 December 31, 2024 and September 30, 2024.  8%  6/30/2025   249,821    244,766 
                 
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 December 31, 2024 and September 30, 2024.  8%  2/22/2026   12,447,664    12,195,789 
                 
Note payable - $580,000.Less original issue discount$75,000 and legal fees$5,000,net cash received $500,000.Unamortized original issue discount balance of $70,833 as of December 31, 2024.  8%  5/21/2026   585,178    - 
                 
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   40,505    50,628 
                 
                 
Total debt        $18,709,627   $18,002,555 
Less: Current maturities         (6,745,423)   (4,732,377)
Less: Unamortized original issue discount         (70,833)   - 
Long-term debt        $11,893,371   $13,270,178