v3.24.1.1.u2
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Sep. 30, 2023
Current assets    
Cash and cash equivalents $ 2,916,120 $ 5,329,910
Restricted cash 1,172,416 1,019,652
Short-term investments 13,853 13,663
Inventory, net 7,397,747 8,739,219
Contract assets, net 1,979,679 1,739,201
Prepaid expenses and other current assets 1,910,415 2,098,359
Total current assets 28,405,813 29,293,041
Property and equipment, net 8,902,051 9,218,701
Right-of-use operating lease assets 2,193,011 2,287,623
Goodwill 4,381,891 4,381,891
Other 2,161,862 1,836,009
Total Assets 47,246,262 48,453,743
Current liabilities    
Sales tax payable 37,487 35,829
Revolving line of credit 4,019,234
Current maturities of long-term liabilities 914,170 14,507,711
Operating lease liabilities - short-term 792,141 741,487
Deposits from customers 207,708 57,434
Accrued expenses 2,676,079 2,784,390
Contract liabilities 1,899,409 980,319
Deferred revenue 1,404,608 1,583,406
Accrued income taxes 404,288 388,627
Total current liabilities 18,105,429 27,344,118
Long-term liabilities    
Long-term debt 21,553,920 9,929,348
Long-term operating lease liabilities 1,462,545 1,607,202
Other long-term liabilities 317,093 501,354
Deferred Revenue - long-term 654,617 727,928
Total long-term liabilities 23,988,175 12,765,832
Total liabilities 42,093,604 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 March 31, 2024 and 1,045,783 shares issued and outstanding at September 30, 2023 1,056 1,046
Additional paid-in capital 68,936,696 68,881,705
Accumulated deficit (66,806,600) (64,125,895)
Treasury stock, 136,051 shares of Series 1 Preferred Stock at March 31, 2024 and 64,100 shares of Series 1 Preferred Stock at September 30, 2023 (217,996) (148,291)
Accumulated other comprehensive income 2,773,784 3,076,706
Total Cemtrex stockholders’ equity 4,689,398 7,687,614
Non-controlling interest 463,260 656,179
Total liabilities and stockholders’ equity 47,246,262 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 - related party 11,535,880 9,209,695
Current liabilities    
Accounts payable - related party 5,741,091 6,196,406
Related Party [Member]    
Current assets    
Trade receivables, net - related party 1,479,703 1,143,342
Royalties receivable, net - related party 440,049 674,893
Note receivable, net - related party 761,585 761,585
Current liabilities    
Accounts payable - related party $ 9,214 $ 68,509

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