v3.22.4
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues $ 50,274,923 $ 43,130,934
Cost of revenues 31,219,405 26,162,582
Gross profit 19,055,518 16,968,352
Operating expenses    
General and administrative 27,756,159 22,538,496
Research and development 4,851,720 3,171,676
Goodwill impairment 3,316,000
Total operating expenses 35,923,879 25,710,172
Operating loss (16,868,361) (8,741,820)
Other income/(expense)    
Other income 7,265,293 8,758,212
Settlement Agreement - Related Party 3,674,165
Interest Expense (3,897,719) (2,921,345)
Total other income/(expense), net 3,367,574 9,511,032
Net (loss)/income before income taxes (13,500,787) 769,212
Income tax benefit/(expense) 208,545 (375,434)
(Loss)/Income from Continuing operations (13,292,242) 393,778
Loss from discontinued operations, net of tax (8,280,047)
Net loss (13,292,242) (7,886,269)
Less loss in noncontrolling interest (271,284) (78,274)
Net loss attributable to Cemtrex, Inc. shareholders (13,020,958) (7,807,995)
Other comprehensive income/(loss)    
Foreign currency translation (loss)/income (518,927) 996,100
Defined benefit plan actuarial gain 87,895
Comprehensive loss (13,811,169) (6,802,274)
Less comprehensive loss attributable to noncontrolling interest (271,284) (78,274)
Comprehensive loss attributable to Cemtrex, Inc. shareholders $ (13,539,885) $ (6,724,000)
Income/(loss) Per Share-Basic    
Continuing Operations $ (0.52) $ 0.02
Discontinued Operations (0.44)
Income/(loss) Per Share-Diluted    
Continuing Operations (0.52) 0.02
Discontinued Operations $ (0.44)
Weighted Average Number of Shares-Basic 24,832,056 18,911,746
Weighted Average Number of Shares-Diluted 24,832,056 18,911,746

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