v3.24.0.1
Condensed Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 2,835,216 $ 5,329,910
Restricted cash 1,181,516 1,019,652
Short-term investments 13,307 13,663
Inventory, net 7,938,617 8,739,219
Contract assets, net 1,694,135 1,739,201
Prepaid expenses and other current assets 1,347,298 2,098,359
Total current assets 26,411,336 29,293,041
Property and equipment, net 9,170,376 9,218,701
Right-of-use operating lease assets 2,094,342 2,287,623
Goodwill 4,381,891 4,381,891
Other 1,990,601 1,836,009
Total Assets 45,298,305 48,453,743
Current liabilities    
Sales tax payable 10,713 35,829
Revolving line of credit 3,357,324
Current maturities of long-term liabilities 15,717,081 14,507,711
Operating lease liabilities - short-term 728,875 741,487
Deposits from customers 83,613 57,434
Accrued expenses 1,842,692 2,784,390
Contract liabilities 988,725 980,319
Deferred revenue 1,562,107 1,583,406
Accrued income taxes 212,249 388,627
Total current liabilities 28,696,123 27,344,118
Long-term liabilities    
Loans payable to bank 1,852,620 1,909,739
Long-term operating lease liabilities 1,426,684 1,607,202
Notes payable 1,600,000 4,679,743
Mortgage payable 3,267,355 3,289,303
Other long-term liabilities 405,624 501,354
Paycheck Protection Program Loans 40,443 50,563
Deferred Revenue - long-term 694,245 727,928
Total long-term liabilities 9,286,971 12,765,832
Total liabilities 37,983,094 40,109,950
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 50,000,000 shares authorized, 1,055,636 shares issued and outstanding at December 31, 2023 and 1,045,783 shares issued and outstanding at September 30, 2023 1,056 1,046
Additional paid-in capital 68,929,137 68,881,705
Accumulated deficit (65,333,389) (64,125,895)
Treasury stock, 64,100 shares of Series 1 Preferred Stock at December 31, 2023 and September 30, 2023 (148,291) (148,291)
Accumulated other comprehensive income 3,304,470 3,076,706
Total Cemtrex stockholders’ equity 6,755,441 7,687,614
Non-controlling interest 559,770 656,179
Total liabilities and stockholders’ equity 45,298,305 48,453,743
Series 1 Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 2,408 2,293
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 50 50
Nonrelated Party [Member]    
Current assets    
Trade receivables, net 9,904,555 9,209,695
Current liabilities    
Accounts payable 4,124,014 6,196,406
Related Party [Member]    
Current assets    
Trade receivables, net 1,496,692 1,143,342
Royalties receivable, net- related party 488,174 674,893
Note receivable, net - related party 761,585 761,585
Current liabilities    
Accounts payable $ 68,730 $ 68,509

Source

PDF HTML
ZIP XBRL