v3.23.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Sep. 30, 2022
Current assets    
Cash and equivalents $ 5,628,839 $ 9,895,761
Restricted cash 805,273 1,577,915
Short-term investments 13,663 13,721
Inventory –net of allowance for inventory obsolescence 8,719,740 8,487,817
Prepaid expenses and other assets 3,089,416 2,421,644
Assets of discontinued operations 3,971,693
Total current assets 26,343,074 31,767,767
Property and equipment, net 6,180,771 5,280,442
Right-of-use assets 2,213,341 2,641,198
Goodwill 3,906,891 3,906,891
Other 1,646,403 1,399,745
Total Assets 41,743,676 45,757,628
Current liabilities    
Short-term liabilities, net of unamortized original issue discounts 17,185,167 16,894,743
Lease liabilities - short-term 716,896 754,495
Deposits from customers 34,281 73,144
Accrued expenses 3,536,097 2,271,188
Deferred revenue 2,060,570 1,551,088
Accrued income taxes 49,075 94,848
Liabilities of discontinued operations 805,219
Total current liabilities 27,310,563 25,514,795
Long-term liabilities    
Loans payable to bank 54,578 110,331
Long-term lease liabilities 1,496,445 1,822,468
Notes payable 1,379,743
Mortgage payable 2,110,020 2,160,169
Other long-term liabilities 528,952 807,898
Paycheck Protection Program Loans 60,695 97,120
Deferred Revenue - long-term 623,007 607,309
Total long-term liabilities 6,253,440 5,605,295
Total liabilities 33,564,003 31,120,090
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 50,000,000 shares authorized, 957,760 shares issued and outstanding at June 30, 2023 and 754,711 shares issued and outstanding at September 30, 2022 958 755
Additional paid-in capital 68,302,617 66,641,698
Accumulated deficit (62,947,549) (54,929,020)
Treasury stock, 64,100 shares of Series 1 Preferred Stock at June 30, 2023 and September 30, 2022 (148,291) (148,291)
Accumulated other comprehensive income 2,306,346 2,377,525
Total Cemtrex stockholders’ equity 7,516,424 13,944,796
Non-controlling interest 663,249 692,742
Total liabilities and shareholders’ equity 41,743,676 45,757,628
Series 1 Preferred Stock [Member]    
Stockholders’ equity    
Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at June 30, 2023 and September 30, 2022 2,293 2,079
Series C Preferred Stock [Member]    
Stockholders’ equity    
Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at June 30, 2023 and September 30, 2022 50 50
Nonrelated Party [Member]    
Current assets    
Trade receivables, net 7,507,755 5,399,216
Current liabilities    
Accounts payable 3,725,105 3,050,937
Related Party [Member]    
Current assets    
Trade receivables, net 578,388
Royalties receivable - related party 691,611
Note receivable - related party 761,585 761,585
Current liabilities    
Accounts payable $ 3,372 $ 19,133

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