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 |
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| 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 |
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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