v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 6,468,197 $ 5,329,910
Restricted cash 1,152,028 1,019,652
Inventory, net 7,531,955 8,739,219
Contract assets, net 1,115,060 1,739,201
Prepaid expenses and other current assets 1,582,026 2,112,022
Total current assets 26,405,347 29,293,041
Property and equipment, net 8,583,113 9,218,701
Right-of-use operating lease assets 1,936,441 2,287,623
Goodwill 4,238,822 4,381,891
Other 2,210,090 1,836,009
Total Assets 43,827,143 48,453,743
Current liabilities    
Sales tax payable 37,865 35,829
Revolving line of credit 2,730,325
Current maturities of long-term liabilities 661,271 14,507,711
Operating lease liabilities - short-term 780,423 741,487
Deposits from customers 246,765 57,434
Accrued expenses 2,347,458 2,784,390
Contract liabilities 1,901,606 980,319
Deferred revenue 1,284,688 1,583,406
Accrued income taxes 398,054 388,627
Total current liabilities 14,004,886 27,344,118
Long-term liabilities    
Long-term debt 16,893,184 9,929,348
Long-term operating lease liabilities 1,216,184 1,607,202
Other long-term liabilities 299,988 501,354
Deferred Revenue - long-term 631,581 727,928
Warrant liabilities 10,428,397
Total long-term liabilities 29,469,334 12,765,832
Total liabilities 43,474,220 40,109,950
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 50,000,000 shares authorized,16,352,270 shares issued and outstanding at June 30, 2024 and 1,045,783 shares issued and outstanding at September 30, 2023 16,353 1,046
Additional paid-in capital 73,002,738 68,881,705
Accumulated deficit (75,787,626) (64,125,895)
Treasury stock, 64,100 shares of Series 1 Preferred Stock at June 30, 2024, and September 30, 2023 (148,291) (148,291)
Accumulated other comprehensive income 2,962,275 3,076,706
Total Cemtrex stockholders’ equity 47,956 7,687,614
Non-controlling interest 304,967 656,179
Total liabilities and stockholders’ equity 43,827,143 48,453,743
Series 1 Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock value 2,457 2,293
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock value 50 50
Nonrelated Party [Member]    
Current assets    
Trade receivables, net 7,800,883 9,209,695
Current liabilities    
Accounts payable 3,612,634 6,196,406
Related Party [Member]    
Current assets    
Trade receivables, net 755,198 1,143,342
Royalties receivable, net - related party 453,330 674,893
Note receivable, net - related party 761,585
Current liabilities    
Accounts payable $ 3,797 $ 68,509

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