v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]        
Revenues $ 16,073,397 $ 11,746,017 $ 28,043,639 $ 21,159,412
Cost of revenues 8,734,916 7,976,236 15,662,543 14,167,381
Gross profit 7,338,481 3,769,781 12,381,096 6,992,031
Operating expenses        
General and administrative 5,318,267 5,424,669 10,482,605 10,713,844
Research and development 1,615,341 1,239,334 3,445,054 2,471,008
Total operating expenses 6,933,608 6,664,003 13,927,659 13,184,852
Operating income/(loss) 404,873 (2,894,222) (1,546,563) (6,192,821)
Other income/(expense)        
Other income 376,504 90,922 359,421 1,021,060
Interest expense (1,335,138) (1,313,483) (2,463,372) (2,715,887)
Total other expense, net (958,634) (1,222,561) (2,103,951) (1,694,827)
Net loss before income taxes (553,761) (4,116,783) (3,650,514) (7,887,648)
Income tax benefit/(expense)
Loss from Continuing operations (553,761) (4,116,783) (3,650,514) (7,887,648)
Income/(loss) from discontinued operations, net of tax 14,232 (685,140) (3,225,389) (1,444,098)
Net loss (539,529) (4,801,923) (6,875,903) (9,331,746)
Less income/(loss) in noncontrolling interest 55,265 (80,676) (3,898) (132,548)
Net loss attributable to Cemtrex, Inc. shareholders $ (594,794) $ (4,721,247) $ (6,872,005) $ (9,199,198)
Income (loss) per share - Basic & Diluted        
Continuing Operations $ (0.75) $ (5.86) $ (4.63) $ (11.51)
Discontinued Operations $ 0.02 $ (1.00) $ (4.09) $ (2.14)
Weighted Average Number of Shares-Basic & Diluted 815,498 688,255 788,265 673,943
Weighted Average Number of Shares-Diluted 815,498 688,255 788,265 673,943

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