Cemtrex (CETX) 10-Q 16 Aug 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Jun. 30, 2021	Aug. 13, 2021
Affiliate, Collateralized Security [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--09-30
Entity File Number	001-37464
Entity Registrant Name	CEMTREX, INC.
Entity Central Index Key	0001435064
Entity Tax Identification Number	30-0399914
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	276 Greenpoint Ave
Entity Address, Address Line Two	Suite 208
Entity Address, City or Town	Brooklyn
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11222
City Area Code	631
Local Phone Number	756-9116
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,782,194
Common Stock [Member]
Affiliate, Collateralized Security [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	CETX
Security Exchange Name	NASDAQ
Series 1 Preferred Stock [Member]
Affiliate, Collateralized Security [Line Items]
Title of 12(b) Security	Series 1 Preferred Stock
Trading Symbol	CETXP
Security Exchange Name	NASDAQ
Series 1 Warrants [Member]
Affiliate, Collateralized Security [Line Items]
Title of 12(b) Security	Series 1 Warrants
Trading Symbol	CETXW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Current assets
Cash and equivalents	$ 12,879,278	$ 19,490,061
Restricted cash	1,690,873	1,582,798
Short-term investments	452,175	887,746
Trade receivables, net	5,234,216	6,686,797
Trade receivables - related party	1,505,789	1,432,209
Inventory –net of allowance for inventory obsolescence	8,669,397	6,793,806
Prepaid expenses and other assets	2,164,367	1,188,317
Total current assets	32,596,095	38,061,734
Property and equipment, net	7,236,755	6,961,751
Right-of-use assets	3,098,523	2,728,380
Assets held for sale	8,323,321	8,323,321
Goodwill	5,886,096	4,370,894
Other	1,094,429	744,207
Total Assets	58,235,219	61,190,287
Current liabilities
Accounts payable	2,888,144	2,857,817
Short-term liabilities	6,381,047	7,034,510
Lease liabilities - short-term	840,016	721,036
Deposits from customers	39,227	29,660
Accrued expenses	2,476,812	2,392,487
Deferred revenue	1,794,187	1,651,784
Accrued income taxes	331	89,318
Total current liabilities	14,419,764	14,776,612
Long-term liabilities
Loans payable to bank	1,046,504	1,871,201
Long-term lease liabilities	2,261,148	2,027,406
Notes payable	3,079,743	6,029,999
Mortgage payable	2,282,409	2,355,542
Other long-term liabilities	1,078,752	1,063,733
Paycheck Protection Program Loans	2,871,161	2,169,437
Deferred Revenue - long-term	449,563	467,329
Total long-term liabilities	13,069,280	15,984,647
Total liabilities	27,489,044	30,761,259
Commitments and contingencies
Shareholders’ equity
Preferred stock value
Common stock, $0.001 par value, 50,000,000 shares authorized, 18,711,463 shares issued and outstanding at June 30, 2021 and 17,622,539 shares issued and outstanding at September 30, 2020	18,711	17,623
Additional paid-in capital	58,846,576	60,221,766
Retained earnings (accumulated deficit)	(30,660,550)	(32,520,084)
Treasury stock at cost	(148,291)	(148,291)
Accumulated other comprehensive income (loss)	1,624,673	1,777,112
Total Cemtrex stockholders’ equity	29,683,054	29,351,383
Non-controlling interest	1,063,121	1,077,645
Total liabilities and shareholders’ equity	58,235,219	61,190,287
Series 1 Preferred Stock [Member]
Shareholders’ equity
Preferred stock value	1,885	2,157
Series A Preferred Stock [Member]
Shareholders’ equity
Preferred stock value		1,000
Total Cemtrex stockholders’ equity		1,000
Series C Preferred Stock [Member]
Shareholders’ equity
Preferred stock value	50	100
Total Cemtrex stockholders’ equity	$ 50	$ 100

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Sep. 30, 2020
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	1,935,151	3,256,784
Preferred stock, shares outstanding	1,935,151	3,256,784
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	18,711,463	17,622,539
Common stock, shares outstanding	18,711,463	17,622,539
Series 1 Preferred Stock [Member]
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	1,885,151	2,156,784
Preferred stock, shares outstanding	1,885,151	2,156,784
Preferred Stock, Liquidation Preference Per Share	$ 10	$ 10
Series A Preferred Stock [Member]
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	1,000,000
Preferred stock, shares outstanding	0	1,000,000
Series C Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	50,000	100,000
Preferred stock, shares outstanding	50,000	100,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenues	$ 10,326,431	$ 8,440,867	$ 28,422,892	$ 32,774,797
Cost of revenues	6,198,715	5,161,015	16,360,822	18,800,355
Gross profit	4,127,716	3,279,852	12,062,070	13,974,442
Operating expenses
General and administrative	5,670,019	5,347,718	16,337,200	15,380,199
Research and development	757,966	331,936	2,033,688	1,113,455
Total operating expenses	6,427,985	5,679,654	18,370,888	16,493,654
Operating income/(loss)	(2,300,269)	(2,399,802)	(6,308,818)	(2,519,212)
Other income/(expense)
Other income/(expense)	3,901,658	158,134	6,532,590	830,251
Settlement Agreement - Related Party			3,674,165
Interest Expense	(433,009)	(1,982,101)	(1,891,026)	(3,812,921)
Total other income/(expense), net	3,468,649	(1,823,967)	8,315,729	(2,982,670)
Net loss before income taxes	1,168,380	(4,223,769)	2,006,911	(5,501,882)
Income tax benefit/(expense)	(40,759)	(7,658)	(168,190)	(197,201)
Net income/(loss)	1,127,621	(4,231,427)	1,838,721	(5,699,083)
Less income in noncontrolling interest	29,608	(35,751)	(20,813)	151,312
Net income/(loss) attributable to Cemtrex, Inc. shareholders	1,098,013	(4,195,676)	1,859,534	(5,850,395)
Net income/(loss)	1,127,621	(4,231,427)	1,838,721	(5,699,083)
Other comprehensive income/(loss)
Foreign currency translation gain/(loss)	(193,554)	154,443	(234,045)	161,460
Defined benefit plan actuarial gain/(loss)			87,895
Comprehensive income/(loss)	934,067	(4,076,984)	1,692,571	(5,537,623)
Less comprehensive income/(loss) attributable to noncontrolling interest	(35,731)	41,266	14,524	(118,623)
Comprehensive income/(loss) attributable to Cemtrex, Inc. shareholders	$ 969,798	$ (4,118,250)	$ 1,678,047	$ (5,419,000)
Income/(loss) Per Share-Basic	$ 0.06	$ (0.38)	$ 0.10	$ (0.82)
Income/(loss) Per Share-Diluted	$ 0.06	$ (0.38)	$ 0.10	$ (0.82)
Weighted Average Number of Shares-Basic	18,711,463	10,933,926	18,368,274	7,161,785
Weighted Average Number of Shares-Diluted	18,711,463	10,933,926	18,368,274	7,161,785

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Series 1 Preferred Stock [Member]	Series A Preferred Stock [Member]	Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total	Noncontrolling Interest [Member]
Beginning balance, shares at Sep. 30, 2019	2,110,718	1,000,000		3,962,790
Beginning balance, value at Sep. 30, 2019	$ 2,111	$ 1,000		$ 3,963	$ 39,337,117	$ (23,676,887)		$ 1,791,153	$ 17,458,457	$ 885,874
Foreign currency translation gain (loss)								582,156	582,156
Share-based compensation			$ 100		119,004				119,104
Share-based compensation, shares			100,000
Shares issued to pay accounts payable				$ 18	27,520				27,538
Shares issued to pay accounts payable, shares				18,358
Shares sold in Securities Purchase Agreements, net of offering costs				$ 338	359,712				360,050
Shares sold in Securities Purchase Agreements, net of offering costs, shares				338,393
Stock issued to pay notes payable				$ 105	130,147				130,252
Shares issued to pay notes payable, shares				105,042
Dividends paid in Series 1 preferred shares	$ 106				(106)
Dividends paid in Series 1 preferred shares, shares	105,965
Net income/(loss) attributable to noncontrolling interest										194,911
Comprehensive income/(loss) attributable to noncontrolling interest										(18,429)
Net income (loss)						(55,618)			(55,618)
Ending balance, value at Dec. 31, 2019	$ 2,217	$ 1,000	$ 100	$ 4,424	39,973,394	(23,732,505)		2,373,309	18,621,939	1,062,356
Ending balance, shares at Dec. 31, 2019	2,216,683	1,000,000	100,000	4,424,583
Beginning balance, shares at Sep. 30, 2019	2,110,718	1,000,000		3,962,790
Beginning balance, value at Sep. 30, 2019	$ 2,111	$ 1,000		$ 3,963	39,337,117	(23,676,887)		1,791,153	17,458,457	885,874
Net income/(loss) attributable to noncontrolling interest									151,312
Net income (loss)									(5,850,395)
Ending balance, value at Jun. 30, 2020	$ 2,217	$ 1,000	$ 100	$ 16,264	58,476,304	(29,527,282)	(190,483)	1,778,823	30,556,943	1,004,497
Ending balance, shares at Jun. 30, 2020	2,216,683	1,000,000	100,000	16,263,715
Beginning balance, shares at Dec. 31, 2019	2,216,683	1,000,000	100,000	4,424,583
Beginning balance, value at Dec. 31, 2019	$ 2,217	$ 1,000	$ 100	$ 4,424	39,973,394	(23,732,505)		2,373,309	18,621,939	1,062,356
Foreign currency translation gain (loss)								(748,929)	(748,929)
Share-based compensation					24,104				24,104
Shares sold in Securities Purchase Agreements, net of offering costs				$ 847	1,160,253				1,161,100
Shares sold in Securities Purchase Agreements, net of offering costs, shares				847,000
Stock issued to pay notes payable				$ 2,519	3,499,747				3,502,266
Shares issued to pay notes payable, shares				2,518,045
Shares issued for services				$ 150	170,850				171,000
Shares issued for services, shares				150,000
Purchase of treasury stock							(190,483)		(190,483)
Noncontrolling interest										(16,593)
Net income (loss)						(1,599,101)			(1,599,101)
Ending balance, value at Mar. 31, 2020	$ 2,217	$ 1,000	$ 100	$ 7,940	44,828,348	(25,331,606)	(190,483)	1,624,380	20,941,896	1,045,763
Ending balance, shares at Mar. 31, 2020	2,216,683	1,000,000	100,000	7,939,628
Foreign currency translation gain (loss)								154,443	154,443
Share-based compensation					24,104				24,104
Shares sold in Securities Purchase Agreements, net of offering costs				$ 5,459	10,095,311				10,100,770
Shares sold in Securities Purchase Agreements, net of offering costs, shares				5,458,479
Stock issued to pay notes payable				$ 2,595	3,298,811				3,301,406
Shares issued to pay notes payable, shares				2,595,608
Shares issued for services				$ 270	229,730				230,000
Shares issued for services, shares				270,000
Net income/(loss) attributable to noncontrolling interest									(35,751)
Noncontrolling interest										(41,266)
Net income (loss)						(4,195,676)			(4,195,676)
Ending balance, value at Jun. 30, 2020	$ 2,217	$ 1,000	$ 100	$ 16,264	58,476,304	(29,527,282)	(190,483)	1,778,823	30,556,943	1,004,497
Ending balance, shares at Jun. 30, 2020	2,216,683	1,000,000	100,000	16,263,715
Balance at September 30, 2020, as reported at Sep. 30, 2020	$ 2,157	$ 1,000	$ 100	$ 17,623	63,313,336	(33,172,690)	(148,291)	853,643	30,866,878	1,077,645
Beginning balance, shares at Sep. 30, 2020	2,156,784	1,000,000	100,000	17,622,539
Adjustment at Sep. 30, 2020					(3,091,570)	652,606		923,469	(1,515,495)
Beginning balance, value at Sep. 30, 2020	$ 2,157	$ 1,000	$ 100	$ 17,623	60,221,766	(32,520,084)	(148,291)	1,777,112	29,351,383	1,077,645
Beginning balance, restated shares at Sep. 30, 2020	2,156,784	1,000,000	100,000	17,622,539
Foreign currency translation gain (loss)								37,864	37,864
Share-based compensation					16,071				16,071
Share-based compensation, shares
Stock issued to pay notes payable				$ 345	407,507				407,852
Shares issued to pay notes payable, shares				345,638
Dividends paid in Series 1 preferred shares	$ 108				(108)
Dividends paid in Series 1 preferred shares, shares	108,169
Net income/(loss) attributable to noncontrolling interest										(40,247)
Comprehensive income/(loss) attributable to noncontrolling interest										9,617
Net income (loss)						(1,692,611)			(1,692,611)
Ending balance, value at Dec. 31, 2020	$ 2,265	$ 1,000	$ 100	$ 17,968	60,645,236	(34,212,695)	(148,291)	1,814,976	28,120,559	1,047,015
Ending balance, shares at Dec. 31, 2020	2,264,953	1,000,000	100,000	17,968,177
Balance at September 30, 2020, as reported at Sep. 30, 2020	$ 2,157	$ 1,000	$ 100	$ 17,623	63,313,336	(33,172,690)	(148,291)	853,643	30,866,878	1,077,645
Beginning balance, shares at Sep. 30, 2020	2,156,784	1,000,000	100,000	17,622,539
Adjustment at Sep. 30, 2020					(3,091,570)	652,606		923,469	(1,515,495)
Beginning balance, value at Sep. 30, 2020	$ 2,157	$ 1,000	$ 100	$ 17,623	60,221,766	(32,520,084)	(148,291)	1,777,112	29,351,383	1,077,645
Beginning balance, restated shares at Sep. 30, 2020	2,156,784	1,000,000	100,000	17,622,539
Net income/(loss) attributable to noncontrolling interest									(20,813)
Net income (loss)									1,859,534
Ending balance, value at Jun. 30, 2021	$ 1,885		$ 50	$ 18,711	58,846,576	(30,660,550)	(148,291)	1,624,673	29,683,054	1,063,121
Ending balance, shares at Jun. 30, 2021	1,885,151		50,000	18,711,463
Beginning balance, shares at Dec. 31, 2020	2,264,953	1,000,000	100,000	17,968,177
Beginning balance, value at Dec. 31, 2020	$ 2,265	$ 1,000	$ 100	$ 17,968	60,645,236	(34,212,695)	(148,291)	1,814,976	28,120,559	1,047,015
Foreign currency translation gain (loss)								(78,521)	(78,521)
Defined benefit plan actuarial gain/(loss)								87,895	87,895
Share-based compensation					49,246				49,246
Stock issued to pay notes payable				$ 743	1,298,733				1,299,476
Shares issued to pay notes payable, shares				743,286
Income in noncontrolling interest										(19,625)
Shares and options surrendered in settelment agreement	$ (470)	$ (1,000)	$ (50)		(3,672,645)				(3,674,165)
Shares and options surrendered in settlement agreement, shares	(469,949)	(1,000,000)	(50,000)
Net income (loss)						2,454,132			2,454,132
Ending balance, value at Mar. 31, 2021	$ 1,795		$ 50	$ 18,711	58,320,570	(31,758,563)	(148,291)	1,824,350	28,258,622	1,027,390
Ending balance, shares at Mar. 31, 2021	1,795,004		50,000	18,711,463
Foreign currency translation gain (loss)								(199,677)	(199,677)
Share-based compensation					45,587				45,587
Shares granted to pay notes payable					480,509				480,509
Income in noncontrolling interest										35,731
Dividends paid in Series 1 preferred shares	$ 90				(90)
Dividends paid in Series 1 preferred shares, shares	90,147
Net income/(loss) attributable to noncontrolling interest									29,608
Net income (loss)						1,098,013			1,098,013
Ending balance, value at Jun. 30, 2021	$ 1,885		$ 50	$ 18,711	$ 58,846,576	$ (30,660,550)	$ (148,291)	$ 1,624,673	$ 29,683,054	$ 1,063,121
Ending balance, shares at Jun. 30, 2021	1,885,151		50,000	18,711,463

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash Flows from Operating Activities
Net income/(loss)	$ 1,838,721	$ (5,699,083)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Depreciation and amortization	972,186	1,343,207
Gain on disposal of property and equipment	18,583	457
Amortization of right-of-use assets	653,175	352,691
Change in allowance for doubtful accounts	(161,101)	126
Share-based compansation	110,904	167,312
Income tax expense/ (benefit)	168,190	(197,201)
Interest expense paid in equity shares	818,348	2,505,924
Accrued interest on notes payable	64,748	308,748
Amortization of original issue discounts on notes payable	575,000	757,278
Gain on marketable securities	(2,407,841)	(607,103)
Settlement Agreement - Related Party	(3,674,165)
Discarge of Paycheck Protection Program Loans	(3,349,700)
Changes in operating assets and liabilities net of effects from acquisition of subsidiaries:
Accounts receivable	1,613,682	1,654,383
Accounts receivable - related party	(78,594)	5,510
Inventory	(1,875,591)	(1,384,453)
Prepaid expenses and other curent asstets	(976,050)	(514,580)
Other assets	149,778	(1,017,337)
Other liabilities	15,019	(117,667)
Accounts payable	30,327	(1,205,851)
Operating lease liabilities	(650,535)	(296,892)
Deposits from customers	9,567	2,003
Accrued expenses	(78,851)	383,230
Deferred revenue	124,637	(99,354)
Income taxes payable	(88,987)	272,925
Net cash used by operating activities	(6,178,550)	(3,385,727)
Cash Flows from Investing Activities
Purchase of property and equipment	(1,113,658)	(4,541,537)
Investment in Virtual Driver Interactive	(1,075,428)
Investment in MasterpieceVR	(500,000)
Investment in related party		(500,000)
Proceeds from sale of marketable securities	9,134,159	22,720,132
Purchase of marketable securities	(6,290,747)	(23,479,038)
Purchases of treasury stock		(190,483)
Note Receivable - Related party
Net cash used by investing activities	154,326	(5,990,926)
Cash Flows from Financing Activities
Proceeds from notes payable		4,485,000
Payments on notes payable	(2,145,257)	(726,640)
Proceeds on bank loans		5,947,101
Payments on bank loans	(957,186)	(224,196)
Proceeds from Paycheck Protection Program Loans	2,942,285
Proceeds from securities purchase agreements		12,462,648
Payments on capital lease liabilities	(20,061)	(13,838)
Expenses on securities purchase agreements		(840,728)
Revolving line of credit		(425,812)
Net cash provided/(used) by financing activities	(180,219)	20,663,535
Effect of currency translation	(298,265)	128,771
Net increase in cash, cash equivalents, and restricted cash	(6,204,443)	11,286,882
Cash, cash equivalents, and restricted cash at beginning of period	21,072,859	2,858,085
Cash, cash equivalents, and restricted cash at end of period	14,570,151	14,273,738
Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash
Cash and equivalents	12,879,278	12,939,493
Restricted cash	1,690,873	1,334,245
Total cash, cash equivalents, and restricted cash	14,570,151	14,273,738
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	432,930	240,971
Cash paid during the period for income taxes	88,987	75,724
Supplemental Schedule of Non-Cash Investing and Financing Activities
Investment in Virtual Driver Interactive	439,774
Stock issued to pay for products and/or services		428,538
Stock issued to pay notes payable	$ 2,187,837	$ 6,933,924

ORGANIZATION AND PLAN OF OPERAT

ORGANIZATION AND PLAN OF OPERATIONS	9 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND PLAN OF OPERATIONS	NOTE 1 – ORGANIZATION AND PLAN OF OPERATIONS Cemtrex was incorporated in 1998, in the state of Delaware and has evolved through strategic acquisitions and internal growth into a leading multi-industry technology company. The Company has expanded in a wide range of sectors, including smart technologies, virtual and augmented realities, industrial solutions, and intelligent security systems. Unless the context requires otherwise, all references to “we”, “our”, “us”, “Company”, “registrant”, “Cemtrex” or “management” refer to Cemtrex, Inc. and its subsidiaries. The Company continuously assesses the composition of its portfolio businesses to ensure it is aligned with its strategic objectives and positioned to maximize growth and return in the coming years. During fiscal 2018, the Company made a strategic decision to exit its Electronics Manufacturing group by selling all companies in that business segment on August 15, 2019. Accordingly, the Company has reported the results of the Electronics Manufacturing business as discontinued operations in the Consolidated Statements of Operations and in the Consolidated Balance Sheets. These changes have been applied for all periods presented. During fiscal 2019, the Company also reached a strategic decision to exit the environmental products business, which was part of the Industrial Services Segment. Now the Company has two Advanced Technologies (AT) Cemtrex’s Advanced Technologies segment delivers cutting-edge technologies in the Internet of Things (IoT) and Smart Devices, such as the SmartDesk. Through the Company’s advanced engineering and product design, the Company delivers Virtual Reality (VR) and Augmented Reality (AR) solutions that provide higher productivity, progressive design and impactful experiences for consumer products, and various commercial and industrial applications. The Company is in the process of developing its own virtual reality applications for commercialization over the next couple years. The AT business segment also includes the Company’s majority owned subsidiary, Vicon Industries, which provides end-to-end security solutions to meet the toughest corporate, industrial and governmental security challenges. Vicon’s products include browser-based video monitoring systems and analytics-based recognition systems, cameras, servers, and access control systems for every aspect of security and surveillance in industrial and commercial facilities, federal prisons, hospitals, universities, schools, and federal and state government offices. Vicon provides cutting edge, mission critical security and video surveillance solutions utilizing Artificial Intelligence (AI) based data algorithms. Industrial Services (IS) Cemtrex’s IS segment, offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. We install high precision equipment in a wide variety of industrial markets like automotive, printing & graphics, industrial automation, packaging, and chemicals, among others. We are a leading provider of reliability-driven maintenance and contracting solutions for the machinery, packaging, printing, chemical, and other manufacturing markets. The focus is on customers seeking to achieve greater asset utilization and reliability to cut costs and increase production from existing assets, including small projects, sustaining capital, turnarounds, maintenance, specialty welding services, and high-quality scaffolding. Acquisition of Virtual Driver Interactive On October 26, 2020, the company acquired Virtual Driver Interactive (“VDI”), a California based provider of innovative driver training simulation solutions for a purchase price of $ 1,339,774 175,428 For over 10 years, VDI has been known for its effective and engaging driver training systems, designed for users of all ages and skill levels. The Company offers comprehensive training for new teen and novice drivers, along with advanced training for corporate fleets and truck drivers. VDI’s wide range of training courses and system options provide customers with highly portable, affordable and effective solutions, all while focusing on the dangers of distracted driving. Result for VDI will be reported under the AT segment. The Company paid $ 900,000 439,774 5 239,774 200,000 175,428 Strategic Investment On November 13, 2020, Cemtrex made a $ 500,000 Potential Impacts of COVID-19 on our Business The current COVID-19 pandemic has impacted our business operations and the results of our operations in this fiscal year, primarily with delays in expected orders by many customers and new product development. Overall bookings level in both business segments have been impacted. In addition, due to delays in certain supply chain areas, the expected launch times of our new products and new versions of existing products have been delayed for several months. We are also starting to see the costs of certain components that are facing shortages, increase in price which may affect gross margins. The broader implications of COVID-19 on our results from operations going forward remains uncertain. The COVID-19 pandemic has the potential to cause adverse effects to our customers, suppliers or business partners in locations that have or will experience more pronounced disruptions, which could result in a reduction to future revenue and manufacturing output as well as delays in our new product development activities. The extent of the pandemic’s effect on our operational and financial performance will depend in large part on future developments, which cannot be reasonably estimated at this time. Future developments include the duration, scope and severity of the pandemic, the actions taken to contain or mitigate its impact both within and outside the jurisdictions where we operate, the impact on governmental programs and budgets, the development of treatments or vaccines, and the resumption of widespread economic activity. Due to the inherent uncertainty of the unprecedented and rapidly evolving situation, we are unable to predict with any confidence the likely impact of the COVID-19 pandemic on our future operations.

INTERIM STATEMENT PRESENTATION

INTERIM STATEMENT PRESENTATION	9 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
INTERIM STATEMENT PRESENTATION	NOTE 2 – INTERIM STATEMENT PRESENTATION Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2020, of Cemtrex Inc. The accompanying condensed consolidated balance sheet has been derived from the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2020, adjusted and restated as further discussed in Note 2 of these financial statements. Additionally, the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss), the Condensed Consolidated Statement of Stockholders’ Equity, the Condensed Consolidated Statements of Cash Flows, and notes to the financial statements related to the results of the three- and nine-month periods ended June 30, 2020, have been restated. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X pursuant to the requirements of the U.S. Securities and Exchange Commission (‘SEC”). Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the condensed consolidated financial statements, the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and the accompanying notes, and the reported amounts of revenues, expenses and cash flows during the periods presented. Actual amounts and results could differ from those estimates. The estimates and assumptions the Company makes are based on historical factors, current circumstances and the experience and judgment of the Company’s management. The Company evaluates its estimates and assumptions on an ongoing basis. The condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, Cemtrex Advanced Technologies Inc., Cemtrex Ltd., Cemtrex Technologies Pvt. Ltd., Griffin Filters, LLC, Cemtrex XR Inc., and Advanced Industrial Services, Inc. and the Company’s majority owned subsidiary Vicon Industries, Inc. and its subsidiaries, Telesite USA, IQInVision, Vicon Industries Ltd., and Vicon Systems, Ltd. All inter-company balances and transactions have been eliminated in consolidation. Restatement of Financial Statements Background On February 23, 2021, Cemtrex’s Board of Directors determined that certain transactions between Cemtrex Inc. and First Commercial, a company owned by former Executive Director, former Controlling Shareholder and former CFO, Aron Govil, were incorrectly handled and accounted for. The total amount of disputed transfers was approximately $ 7,100,000 5,600,000 1,500,000 Upon the Company’s investigation into this matter, the Company has determined that there were inaccuracies in the Company’s financial statements. The financials for the periods 2017 and 2018 were incorrect corresponding to the amounts that were incorrectly accounted for, and subsequent years were affected by the roll forward effects of these entries. The Company found unsupported advertising expenses in the amount of approximately $ 400,000 5,700,000 975,000 7,100,000 As part of the restatement investigation, it was determined that the Company did not follow GAAP in the treatment of its Series 1 Preferred dividends. The Company currently has a deficit in retained earnings and in accordance with guidance has reversed the accrual for dividends payable and placed the amount of the accrual back into retained earnings. Position and Adjusting Entries The Company has determined that these transactions are not material in the years that they occurred and conclude that prior financial reports can be relied upon. The Company’s determination is based on the following: The adjustments do not cause any changes to the previously reported cash and debt balances as of the end of each of the periods in FY 2019 and 2020. The adjustments also do not cause any changes to revenues in any of the prior periods. In addition, the Company expects to maintain compliance with its debt covenants based on a preliminary review of the covenants for all the impacted periods. The Company has also determined that the adjustments have little effect on the trend of earnings over the last three fiscal years. In 2017 the operations of the Company were vastly different with both the environmental and circuit board manufacturing segments accounting for approximately 75% of revenues. These businesses are now either sold or discontinued. The current reported 2017 financial statements of the Company do not give an accurate representation of the Company today because only 16% of the $120M business operations are still a part of current operations. The table below represents the balances of the affected accounts on the Condensed Consolidated Balance Sheets as of September 30, 2020, the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) for the three and nine months ended June 30, 2020, Condensed Consolidated Statement of Stockholders’ Equity, and the Condensed Consolidated Statements of Cash Flows for the nine months ended June 30, 2020. Condensed Consolidated Balance Sheets SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS Balance as reported on September 30, 2020 Adjustment of net value of intangible assets Cumulative effect of derecognition of expenses Loss on amounts transferred to First Commercial Restatement on Dividends Cumulative effect of currency translation Adjusted balance at September 30, 2020 Property and equipment, net $ 9,558,936 $ (2,597,185 ) $6,961,751 Series 1 preferred stock dividends payable $ 1,081,690 $ (1,081,690 ) $ - Additional paid-in capital $ 63,313,336 $ (3,091,570 ) $60,221,766 Retained earnings (accumulated deficit) $ (33,172,690 ) $ 3,579,346 $ (7,100,000 ) $ 4,173,260 $(32,520,084) Accumulated other comprehensive income $ 853,643 $ 923,469 $1,777,112 Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) For the three months ended June 30, 2020 Previously reported Adjustments Adjusted Net Income income/(loss) attributable to Cemtrex, Inc. shareholders $ (4,454,617 ) $ 258,941 $ (4,195,676 ) Foreign currency translation gain/(loss) $ 310,797 $ (156,354 ) $ 154,443 Loss Per Share-Basic $ (0.41 ) $ 0.02 $ (0.38 ) Loss Per Share-Diluted $ (0.41 ) $ 0.02 $ (0.38 ) For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss available to Cemtrex, Inc. shareholders $ (6,658,086 ) $ 807,691 $ (5,850,395 ) Foreign currency translation gain $ 153,420 $ 8,040 $ 161,460 Loss Per Share-Basic $ (0.93 ) $ 0.11 $ (0.82 ) Loss Per Share-Diluted $ (0.93 ) $ 0.11 $ (0.82 ) Condensed Consolidated Statement of Stockholders’ Equity SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Retained earnings (accumulated deficit) at September 30, 2019 $ (20,067,685 ) $ (3,609,202 ) $ (23,676,887 ) Net income/(loss) $ (8,744,636 ) $ 2,894,241 $ (5,850,395 ) Retained earnings (accumulated deficit) at June 30, 2020 $ (28,812,321 ) $ (714,961 ) $ (29,527,282 ) Accumulated other comprehensive income/(loss)at September 30, 2019 $ 796,004 $ 995,149 $ 1,791,153 Comprehensive income/(loss) $ 153,420 $ 8,040 $ 161,460 Accumulated other comprehensive income/(loss) at June 30, 2020 $ 949,424 $ 829,399 $ 1,778,823 Additional paid-in capital $ 60,543,674 $ (2,067,370 ) $ 58,476,304 Condensed Consolidated Statements of Cash Flows SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss $ (6,506,774 ) $ 807,691 $ (5,699,083 ) Depreciation and amortization $ 2,158,938 $ (815,731 ) $ 1,343,207 Net cash used by operating activities $ (3,377,687 ) $ (8,040 ) $ (3,385,727 ) Effect of currency translation $ 120,731 $ 8,040 $ 128,771 On February 26, 2021, the Company entered into a Settlement Agreement and Release with Aron Govil regarding these transactions. As part of the Settlement Agreement, Mr. Govil was required to pay the Company consideration with a total value of $7,100,000 (the “Settlement Amount”) by entering into the Agreement. The Settlement Amount was satisfied in a combination of Mr. Govil forfeiting certain Preferred Stock and outstanding options and executing a secured note in the amount of $ 1,533,280 In March 2021, Mr. Govil returned to the Company 1,000,000 50,000 469,949 The Company recognized the gain with respect to the surrendered Securities during this reporting period. The gain of $ 3,674,165 As discussed above, Mr. Govil also executed a secured promissory note (the “Note”) in the amount of $ 1,533,280 Accounting Pronouncements Significant Accounting Policies Note 2 of the Notes to Consolidated Financial Statements, included in the annual report on Form 10-K for the year ended September 30, 2020, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements. Recently Issued Accounting Standards In December 2019, the FASB issued amended guidance, Simplifying the Accounting for Income Taxes, to remove certain exceptions to the general principles from ASC 740 - Income Taxes , In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU No. 2020-04”). The update provides optional guidance for a limited period to ease the potential burden in accounting for (or recognizing the effects of) contract modifications on financial reporting caused by reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020, through December 31, 2022. The Company adopted this guidance in the second quarter of 2020. The adoption of this guidance had no impact on the Company’s Condensed Consolidated Financial Statements or the related disclosures.

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE	9 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
LOSS PER COMMON SHARE	NOTE 3 – LOSS PER COMMON SHARE Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income by the weighted average number of shares of common stock and potentially dilutive outstanding shares of common stock during the period to reflect the potential dilution that could occur from common shares issuable through contingent share arrangements, stock options and warrants. For the three and nine months ended June 30, 2021, and 2020, the following items were excluded from the computation of diluted net loss per common share as their effect is anti-dilutive: SCHEDULE OF EXCLUDED FROM COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE For the three months ended For the nine months ended June 30, June 30, 2021 2020 2021 2020 Warrants to purchase shares 433,965 433,965 433,965 433,965 Options 1,383,965 1,145,871 1,383,965 1,204,329

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 4 – SEGMENT INFORMATION The Company reports and evaluates financial information for two The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION For the three months ended For the nine months ended June 30, June 30, 2021 2020 2021 2020 Revenues from external customers Advanced Technologies $ 5,845,958 $ 4,977,424 $ 16,006,241 $ 18,389,057 Industrial Services $ 4,480,473 3,463,443 12,416,651 14,385,740 Total revenues $ 10,326,431 $ 8,440,867 $ 28,422,892 $ 32,774,797 Gross profit Advanced Technologies $ 2,693,677 $ 1,837,957 $ 7,686,875 $ 8,712,543 Industrial Services 1,434,039 1,441,895 4,375,195 5,261,899 Total gross profit $ 4,127,716 $ 3,279,852 $ 12,062,070 $ 13,974,442 Operating loss (restated) (restated) Advanced Technologies $ (1,650,221 ) $ (1,595,405 ) $ (5,185,944 ) $ (1,686,680 ) Industrial Services (650,048 ) (804,397 ) (1,122,874 ) (832,532 ) Total operating loss $ (2,300,269 ) $ (2,399,802 ) $ (6,308,818 ) $ (2,519,212 ) Other income/(expense) Advanced Technologies $ 4,955,782 $ (1,795,637 ) $ 5,666,112 $ (2,868,033 ) Industrial Services (1,487,133 ) (28,330 ) 2,649,617 (114,637 ) Total other expense $ 3,468,649 $ (1,823,967 ) $ 8,315,729 $ (2,982,670 ) Depreciation and Amortization (restated) (restated) Advanced Technologies $ 103,177 $ 114,151 $ 308,755 $ 212,088 Industrial Services 189,005 358,128 663,431 1,139,159 Total depreciation and amortization $ 292,182 $ 472,279 $ 972,186 $ 1,351,247 September 30, June 30, 2020 2020 (restated) Identifiable Assets Advanced Technologies $ 31,726,862 $ 36,732,018 Industrial Services 17,640,536 15,590,448 Discontinued operations 8,867,821 8,867,821 Total Assets $ 58,235,219 $ 61,190,287

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 5 – FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-level hierarchy is applied to prioritize the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under the guidance for fair value measurements are described below: Level 1 — Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Our Level 1 assets include cash equivalents, banker’s acceptances, trading securities investments and investment funds. We measure trading securities investments and investment funds at quoted market prices as they are traded in an active market with sufficient volume and frequency of transactions. Level 2 — Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified contractual term, a Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 — Level 3 inputs are unobservable inputs for the asset or liability in which there is little, if any, market activity for the asset or liability at the measurement date. Level 3 assets and liabilities include cost method investments. Quantitative information for Level 3 assets and liabilities reviewed at each reporting period includes indicators of significant deterioration in the earnings performance, credit rating, asset quality, business prospects of the investee, and financial indicators of the investee’s ability to continue as a going concern. The Company’s fair value assets at June 30, 2021, are as follows. SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices in Active Significant Markets for Other Significant Balance Identical Observable Unobservable as of Assets Inputs Inputs June 30, (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 452,175 $ - $ - $ 452,175 Investment in MasterpieceVR $ 500,000 $ 500,000 (included in Other assets) $ 452,175 $ - $ 500,000 $ 952,175

RESTRICTED CASH

RESTRICTED CASH	9 Months Ended
	Jun. 30, 2021
Restricted Cash
RESTRICTED CASH	NOTE 6 – RESTRICTED CASH A subsidiary of the Company participates in a consortium in order to self-insure group care coverage for its employees. The plan is administrated by Benecon Group and the Company makes monthly deposits in a trust account to cover medical claims and any administrative costs associated with the plan. These funds, as required by the plan are restricted in nature and amounted to $ 1,533,458 157,415

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	9 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	NOTE 7 – ACCOUNTS RECEIVABLE, NET Accounts receivables, net consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE, NET June 30, + September 30, 2021 2020 Accounts receivable $ 5,413,963 $ 7,027,645 Allowance for doubtful accounts (179,747 ) (340,848 ) Accounts receivables, net, total $ 5,234,216 $ 6,686,797 Accounts receivable include amounts due for shipped products and services rendered. Allowance for doubtful accounts include estimated losses resulting from the inability of our customers to make required payments.

INVENTORY, NET

INVENTORY, NET	9 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORY, NET	NOTE 8 – INVENTORY, NET Inventory, net, consist of the following: SCHEDULE OF INVENTORY, NET June 30, September 30, 2021 2020 Raw materials $ 2,309,734 $ 3,959,888 Work in progress 779,929 995,184 Finished goods 6,751,717 6,413,927 Inventory, gross 9,841,380 11,368,999 Less: Allowance for inventory obsolescence (1,171,983 ) (4,575,193 ) Inventory –net of allowance for inventory obsolescence $ 8,669,397 $ 6,793,806

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 9 – PROPERTY AND EQUIPMENT Property and equipment are summarized as follows: SUMMARY OF PROPERTY AND EQUIPMENT June 30, September 30, 2021 2020 (restated) Land $ 790,373 $ 790,373 Building and leasehold improvements 3,962,225 3,875,796 Furniture and office equipment 687,055 621,790 Computers and software 346,051 264,940 Trade show display 89,330 89,330 Machinery and equipment 14,675,127 13,668,263 20,550,161 19,310,492 Less: Accumulated depreciation (13,313,406 ) (12,348,741 ) Property and equipment, net $ 7,236,755 $ 6,961,751 Depreciation expense for the three and nine months ended June 30, 2021, and 2020 were $ 292,182 972,186 472,279 1,351,247

LEASES

LEASES	9 Months Ended
	Jun. 30, 2021
Leases
LEASES	NOTE 10 – LEASES ASC 842, “Leases”, requires that a lessee recognize the assets and liabilities that arise from operating leases. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities. In transition, lessees and lessors are required to recognize and measure leases at either the effective date (the “effective date method”) or the beginning of the earliest period presented (the “comparative method”) using a modified retrospective approach. Under the effective date method, the Company’s comparative period reporting is unchanged. In contrast, under the comparative method, the Company’s date of initial application is the beginning of the earliest comparative period presented, and the Topic 842 transition guidance is then applied to all comparative periods presented. Further, under either transition method, the standard includes certain practical expedients intended to ease the burden of adoption. The Company adopted ASC 842 October 1, 2019, using the effective date method and elected certain practical expedients allowing the Company not to reassess: ● whether expired or existing contracts contain leases under the new definition of a lease; ● lease classification for expired or existing leases; and ● whether previously capitalized initial direct costs would qualify for capitalization under Topic 842. The Company also made the accounting policy decision not to recognize lease assets and liabilities for leases with a term of 12 months or less. The Company entered into a financing lease for a single vehicle in the Industrial services segment with a term of 3 2 7 Finance and operating lease liabilities consist of the following: SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES June 30, September 30, 2021 2020 Lease liabilities - current Finance leases $ - $ 20,061 Operating leases 840,016 700,975 840,016 721,036 Lease liabilities - net of current portion Finance leases $ - $ - Operating leases 2,261,148 2,027,406 $ 2,261,148 $ 2,027,406 A reconciliation of undiscounted cash flows to finance and operating lease liabilities recognized in the condensed consolidated balance sheet at June 30, 2021, is set forth below: SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES Years ending September 30, Finance leases Operating Leases Total 2021 - 236,899 236,899 2022 - 895,590 895,590 2023 - 712,413 712,413 2024 - 576,687 576,687 2025 - 552,884 552,884 2026 & Thereafter - 621,099 621,099 Undiscounted lease payments - 3,595,572 3,595,572 Amount representing interest - (494,408 ) (494,408 ) Discounted lease payments $ - $ 3,101,164 $ 3,101,164 Additional disclosures of lease data are set forth below: SCHEDULE OF LEASE COSTS Nine months ended June 30, 2021 March 31, 2020 Lease costs: Finance lease costs: Depreciation of finance lease assets $ 17,184 $ 11,456 Interest on lease liabilities 88 416 Operating lease costs: Amortization of right-of-use assets 653,175 275,822 Interest on lease liabilities 56,927 20,375 Total lease cost $ 727,374 $ 308,069 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 650,535 $ 296,892 Finance leases 28,535 13,838 $ 679,070 $ 310,730 Weighted-average remaining lease term - finance leases (months) 3 13 Weighted-average remaining lease term - operating leases (months) 58 73 Weighted-average discount rate - finance leases 3.63 % 6.95 % Weighted-average discount rate - operating leases 6.85 % 6.98 % The Company used the rate implicit in the lease, where known, or its incremental borrowing rate as the rate used to discount the future lease payments.

PREPAID AND OTHER CURRENT ASSET

PREPAID AND OTHER CURRENT ASSETS	9 Months Ended
	Jun. 30, 2021
Prepaid And Other Current Assets
PREPAID AND OTHER CURRENT ASSETS	NOTE 11 – PREPAID AND OTHER CURRENT ASSETS On June 30, 2021, the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $ 397,056 1,767,311 101,308 1,087,009

OTHER ASSETS

OTHER ASSETS	9 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 12 - OTHER ASSETS As of June 30, 2021, the Company had other assets of $ 1,094,429 248,160 500,000 346,269 744,207 294,553 449,654

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 13 – RELATED PARTY TRANSACTIONS On August 31, 2019, the Company entered into an Asset Purchase Agreement for the sale of Griffin Filters, LLC to Ducon Technologies, Inc., which Aron Govil, the Company’s Founder and Former CFO, is President, for total consideration of $ 550,000 1,515,820 1,432,209 At June 30, 2021, $ 500,000 Please see Note 2 for further transactions relating to Aron Govil.

LINES OF CREDIT AND LONG-TERM L

LINES OF CREDIT AND LONG-TERM LIABILITIES	9 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
LINES OF CREDIT AND LONG-TERM LIABILITIES	NOTE 14 – LINES OF CREDIT AND LONG-TERM LIABILITIES Lines of credit The Company currently has a line of credit with Fulton Bank for $ 3,500,000 2.00 2.09 Loans payable to bank On December15, 2015, the Company acquired a loan from Fulton Bank in the amount of $ 5,250,000 5,000,000 2.25 2.34 December 15, 2022 On December15, 2015, the Company acquired a loan from Fulton Bank in the amount of $ 620,000 2.00 2.09 December 15, 2020 On May 1, 2018, the Company acquired a loan from Fulton Bank in the amount of $ 400,000 2.00 2.09 May 1, 2023 On January 28, 2020, the Company acquired a loan from Fulton Bank in the amount of $ 360,000 2.25 2.44 May 1, 2023 Notes payable On December 23, 2019, the Company, issued a note payable to an independent private lender in the amount of $ 1,725,000 8 June 23, 2021 225,000 5,000 1,495,000 On April 24, 2020, the Company, issued a note payable to an independent private lender in the amount of $ 1,725,000 8 October 24, 2021 225,000 5,00 1,495,000 On September 30, 2020, the Company, issued a note payable to an independent private lender in the amount of $ 4,605,000 8 March 30, 2022 600,000 5,000 4,000,000 On March 3, 2020, Vicon, a subsidiary of the Company amended the $ 5,600,000 500,000 500,000 8.85 March 30, 2022 Mortgage Payable On January 28, 2020, the Company’s subsidiary, Advanced Industrial Services, Inc., completed the purchase of two buildings for a total purchase price of $ 3,381,433 905,433 2,476,000 2.50 2.59 January 28, 2040 Paycheck Protection Program Loans In April and May of 2020, the Company and its subsidiaries applied for and were granted $ 3,471,100 1 710,046 3,156,700 193,000 On January 24, 2021, and April 17, 2021, subsidiaries of the company received additional $ 1,970,785 971,500 1

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Jun. 30, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 15 – STOCKHOLDERS’ EQUITY Preferred Stock The Company is authorized to issue 10,000,000 0.001 1,935,151 3,256,784 Series 1 Preferred Stock On March 30, 2020, the Company amended the Certificate of Designation (the “Amended Certificate of Designation”) for our Series 1 Preferred Stock (the “Series 1 Stock”). The Amended Certificate of Designation increased the number of authorized preferred shares under the designation for our Series 1 Preferred Stock from 3,000,000 4,000,000 For the nine months ended June 30, 2021, 198,316 During the nine-month period ended June 30, 2021, the Company retired 469,949 As of June 30, 2021, and September 30, 2020, there were 1,885,151 2,156,784 Series A Preferred stock During the nine-month period ended June 30, 2021, the Company retired 1,000,000 As of June 30, 2021, and September 30, 2020, there were zero 1,000,000 Series C Preferred Stock On October 3, 2019, pursuant to Article IV of our Articles of Incorporation, our Board of Directors voted to designate a class of preferred stock entitled Series C Preferred Stock, consisting of up to one hundred thousand ( 100,000 0.001 Under the Certificate of Designation, holders of Series C Preferred Stock are entitled to the number of votes equal to the result of (i) the total number of shares of Common Stock outstanding at the time of such vote multiplied by 10.01, and divided by (ii) the total number of shares of Series C Preferred Stock outstanding at the time of such vote, at each meeting of our shareholders with respect to any and all matters presented to our shareholders for their action or consideration, including the election of directors During the nine-month period ended June 30, 2021, the Company retired 50,000 As of June 30, 2021, and September 30, 2020, there were 50,000 100,000 Common Stock The Company is authorized to issue 50,000,000 0.001 18,711,463 17,622,539 During the nine months ended June 30, 1,088,924 550,000 191,556 465,772 318,218 400,000 80,509 Shares Surrendered in Settlement In March 2021, Mr. Govil returned to the Company 1,000,000 50,000 469,949

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 16 – SHARE-BASED COMPENSATION For the nine months ended June 30, 2021, and 2020, the Company recognized $ 110,904 67,212 401,690 five

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 17 – COMMITMENTS AND CONTINGENCIES The Company has moved its corporate activities to New York City with a month-to-month lease of 2,500 13,000 117,000 The Company’s IS segment owns approximately 25,000 43,000 15,500 three 4,555 August 31, 2022 40,995 The Company’s AT segment leases (i) approximately 6,700 five 6,453 456,972 February 28, 2024 58,077 30,000 seven 28,719 March 31, 2027 258,471 9,400 fifteen 7,329 5,771 March 24, 2031 terminate in 2026 65,961

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 18 - SUBSEQUENT EVENTS Cemtrex has evaluated subsequent events up to the date the condensed consolidated financial statements were issued. Cemtrex concluded that the following subsequent events have occurred and require recognition or disclosure in the condensed consolidated financial statements. In July of 2021, the Company issued 2,070,731 2,837,814

INTERIM STATEMENT PRESENTATION

INTERIM STATEMENT PRESENTATION (Policies)	9 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2020, of Cemtrex Inc. The accompanying condensed consolidated balance sheet has been derived from the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2020, adjusted and restated as further discussed in Note 2 of these financial statements. Additionally, the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss), the Condensed Consolidated Statement of Stockholders’ Equity, the Condensed Consolidated Statements of Cash Flows, and notes to the financial statements related to the results of the three- and nine-month periods ended June 30, 2020, have been restated. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X pursuant to the requirements of the U.S. Securities and Exchange Commission (‘SEC”). Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the condensed consolidated financial statements, the disclosure of contingent assets and liabilities in the condensed consolidated financial statements and the accompanying notes, and the reported amounts of revenues, expenses and cash flows during the periods presented. Actual amounts and results could differ from those estimates. The estimates and assumptions the Company makes are based on historical factors, current circumstances and the experience and judgment of the Company’s management. The Company evaluates its estimates and assumptions on an ongoing basis. The condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, Cemtrex Advanced Technologies Inc., Cemtrex Ltd., Cemtrex Technologies Pvt. Ltd., Griffin Filters, LLC, Cemtrex XR Inc., and Advanced Industrial Services, Inc. and the Company’s majority owned subsidiary Vicon Industries, Inc. and its subsidiaries, Telesite USA, IQInVision, Vicon Industries Ltd., and Vicon Systems, Ltd. All inter-company balances and transactions have been eliminated in consolidation. Restatement of Financial Statements Background On February 23, 2021, Cemtrex’s Board of Directors determined that certain transactions between Cemtrex Inc. and First Commercial, a company owned by former Executive Director, former Controlling Shareholder and former CFO, Aron Govil, were incorrectly handled and accounted for. The total amount of disputed transfers was approximately $ 7,100,000 5,600,000 1,500,000 Upon the Company’s investigation into this matter, the Company has determined that there were inaccuracies in the Company’s financial statements. The financials for the periods 2017 and 2018 were incorrect corresponding to the amounts that were incorrectly accounted for, and subsequent years were affected by the roll forward effects of these entries. The Company found unsupported advertising expenses in the amount of approximately $ 400,000 5,700,000 975,000 7,100,000 As part of the restatement investigation, it was determined that the Company did not follow GAAP in the treatment of its Series 1 Preferred dividends. The Company currently has a deficit in retained earnings and in accordance with guidance has reversed the accrual for dividends payable and placed the amount of the accrual back into retained earnings. Position and Adjusting Entries The Company has determined that these transactions are not material in the years that they occurred and conclude that prior financial reports can be relied upon. The Company’s determination is based on the following: The adjustments do not cause any changes to the previously reported cash and debt balances as of the end of each of the periods in FY 2019 and 2020. The adjustments also do not cause any changes to revenues in any of the prior periods. In addition, the Company expects to maintain compliance with its debt covenants based on a preliminary review of the covenants for all the impacted periods. The Company has also determined that the adjustments have little effect on the trend of earnings over the last three fiscal years. In 2017 the operations of the Company were vastly different with both the environmental and circuit board manufacturing segments accounting for approximately 75% of revenues. These businesses are now either sold or discontinued. The current reported 2017 financial statements of the Company do not give an accurate representation of the Company today because only 16% of the $120M business operations are still a part of current operations. The table below represents the balances of the affected accounts on the Condensed Consolidated Balance Sheets as of September 30, 2020, the Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) for the three and nine months ended June 30, 2020, Condensed Consolidated Statement of Stockholders’ Equity, and the Condensed Consolidated Statements of Cash Flows for the nine months ended June 30, 2020. Condensed Consolidated Balance Sheets SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS Balance as reported on September 30, 2020 Adjustment of net value of intangible assets Cumulative effect of derecognition of expenses Loss on amounts transferred to First Commercial Restatement on Dividends Cumulative effect of currency translation Adjusted balance at September 30, 2020 Property and equipment, net $ 9,558,936 $ (2,597,185 ) $6,961,751 Series 1 preferred stock dividends payable $ 1,081,690 $ (1,081,690 ) $ - Additional paid-in capital $ 63,313,336 $ (3,091,570 ) $60,221,766 Retained earnings (accumulated deficit) $ (33,172,690 ) $ 3,579,346 $ (7,100,000 ) $ 4,173,260 $(32,520,084) Accumulated other comprehensive income $ 853,643 $ 923,469 $1,777,112 Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) For the three months ended June 30, 2020 Previously reported Adjustments Adjusted Net Income income/(loss) attributable to Cemtrex, Inc. shareholders $ (4,454,617 ) $ 258,941 $ (4,195,676 ) Foreign currency translation gain/(loss) $ 310,797 $ (156,354 ) $ 154,443 Loss Per Share-Basic $ (0.41 ) $ 0.02 $ (0.38 ) Loss Per Share-Diluted $ (0.41 ) $ 0.02 $ (0.38 ) For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss available to Cemtrex, Inc. shareholders $ (6,658,086 ) $ 807,691 $ (5,850,395 ) Foreign currency translation gain $ 153,420 $ 8,040 $ 161,460 Loss Per Share-Basic $ (0.93 ) $ 0.11 $ (0.82 ) Loss Per Share-Diluted $ (0.93 ) $ 0.11 $ (0.82 ) Condensed Consolidated Statement of Stockholders’ Equity SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Retained earnings (accumulated deficit) at September 30, 2019 $ (20,067,685 ) $ (3,609,202 ) $ (23,676,887 ) Net income/(loss) $ (8,744,636 ) $ 2,894,241 $ (5,850,395 ) Retained earnings (accumulated deficit) at June 30, 2020 $ (28,812,321 ) $ (714,961 ) $ (29,527,282 ) Accumulated other comprehensive income/(loss)at September 30, 2019 $ 796,004 $ 995,149 $ 1,791,153 Comprehensive income/(loss) $ 153,420 $ 8,040 $ 161,460 Accumulated other comprehensive income/(loss) at June 30, 2020 $ 949,424 $ 829,399 $ 1,778,823 Additional paid-in capital $ 60,543,674 $ (2,067,370 ) $ 58,476,304 Condensed Consolidated Statements of Cash Flows SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss $ (6,506,774 ) $ 807,691 $ (5,699,083 ) Depreciation and amortization $ 2,158,938 $ (815,731 ) $ 1,343,207 Net cash used by operating activities $ (3,377,687 ) $ (8,040 ) $ (3,385,727 ) Effect of currency translation $ 120,731 $ 8,040 $ 128,771 On February 26, 2021, the Company entered into a Settlement Agreement and Release with Aron Govil regarding these transactions. As part of the Settlement Agreement, Mr. Govil was required to pay the Company consideration with a total value of $7,100,000 (the “Settlement Amount”) by entering into the Agreement. The Settlement Amount was satisfied in a combination of Mr. Govil forfeiting certain Preferred Stock and outstanding options and executing a secured note in the amount of $ 1,533,280 In March 2021, Mr. Govil returned to the Company 1,000,000 50,000 469,949 The Company recognized the gain with respect to the surrendered Securities during this reporting period. The gain of $ 3,674,165 As discussed above, Mr. Govil also executed a secured promissory note (the “Note”) in the amount of $ 1,533,280
Accounting Pronouncements	Accounting Pronouncements Significant Accounting Policies Note 2 of the Notes to Consolidated Financial Statements, included in the annual report on Form 10-K for the year ended September 30, 2020, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements. Recently Issued Accounting Standards In December 2019, the FASB issued amended guidance, Simplifying the Accounting for Income Taxes, to remove certain exceptions to the general principles from ASC 740 - Income Taxes , In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU No. 2020-04”). The update provides optional guidance for a limited period to ease the potential burden in accounting for (or recognizing the effects of) contract modifications on financial reporting caused by reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020, through December 31, 2022. The Company adopted this guidance in the second quarter of 2020. The adoption of this guidance had no impact on the Company’s Condensed Consolidated Financial Statements or the related disclosures.

INTERIM STATEMENT PRESENTATIO_2

INTERIM STATEMENT PRESENTATION (Tables)	9 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS	Condensed Consolidated Balance Sheets SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS Balance as reported on September 30, 2020 Adjustment of net value of intangible assets Cumulative effect of derecognition of expenses Loss on amounts transferred to First Commercial Restatement on Dividends Cumulative effect of currency translation Adjusted balance at September 30, 2020 Property and equipment, net $ 9,558,936 $ (2,597,185 ) $6,961,751 Series 1 preferred stock dividends payable $ 1,081,690 $ (1,081,690 ) $ - Additional paid-in capital $ 63,313,336 $ (3,091,570 ) $60,221,766 Retained earnings (accumulated deficit) $ (33,172,690 ) $ 3,579,346 $ (7,100,000 ) $ 4,173,260 $(32,520,084) Accumulated other comprehensive income $ 853,643 $ 923,469 $1,777,112
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)	Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) For the three months ended June 30, 2020 Previously reported Adjustments Adjusted Net Income income/(loss) attributable to Cemtrex, Inc. shareholders $ (4,454,617 ) $ 258,941 $ (4,195,676 ) Foreign currency translation gain/(loss) $ 310,797 $ (156,354 ) $ 154,443 Loss Per Share-Basic $ (0.41 ) $ 0.02 $ (0.38 ) Loss Per Share-Diluted $ (0.41 ) $ 0.02 $ (0.38 ) For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss available to Cemtrex, Inc. shareholders $ (6,658,086 ) $ 807,691 $ (5,850,395 ) Foreign currency translation gain $ 153,420 $ 8,040 $ 161,460 Loss Per Share-Basic $ (0.93 ) $ 0.11 $ (0.82 ) Loss Per Share-Diluted $ (0.93 ) $ 0.11 $ (0.82 )
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY	Condensed Consolidated Statement of Stockholders’ Equity SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Retained earnings (accumulated deficit) at September 30, 2019 $ (20,067,685 ) $ (3,609,202 ) $ (23,676,887 ) Net income/(loss) $ (8,744,636 ) $ 2,894,241 $ (5,850,395 ) Retained earnings (accumulated deficit) at June 30, 2020 $ (28,812,321 ) $ (714,961 ) $ (29,527,282 ) Accumulated other comprehensive income/(loss)at September 30, 2019 $ 796,004 $ 995,149 $ 1,791,153 Comprehensive income/(loss) $ 153,420 $ 8,040 $ 161,460 Accumulated other comprehensive income/(loss) at June 30, 2020 $ 949,424 $ 829,399 $ 1,778,823 Additional paid-in capital $ 60,543,674 $ (2,067,370 ) $ 58,476,304
SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS	Condensed Consolidated Statements of Cash Flows SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS For the nine months ended June 30, 2020 Previously reported Adjustments Adjusted Net loss $ (6,506,774 ) $ 807,691 $ (5,699,083 ) Depreciation and amortization $ 2,158,938 $ (815,731 ) $ 1,343,207 Net cash used by operating activities $ (3,377,687 ) $ (8,040 ) $ (3,385,727 ) Effect of currency translation $ 120,731 $ 8,040 $ 128,771

LOSS PER COMMON SHARE (Tables)

LOSS PER COMMON SHARE (Tables)	9 Months Ended
	Jun. 30, 2021
Earnings Per Share [Abstract]
SCHEDULE OF EXCLUDED FROM COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE	SCHEDULE OF EXCLUDED FROM COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE For the three months ended For the nine months ended June 30, June 30, 2021 2020 2021 2020 Warrants to purchase shares 433,965 433,965 433,965 433,965 Options 1,383,965 1,145,871 1,383,965 1,204,329

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT INFORMATION	The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION For the three months ended For the nine months ended June 30, June 30, 2021 2020 2021 2020 Revenues from external customers Advanced Technologies $ 5,845,958 $ 4,977,424 $ 16,006,241 $ 18,389,057 Industrial Services $ 4,480,473 3,463,443 12,416,651 14,385,740 Total revenues $ 10,326,431 $ 8,440,867 $ 28,422,892 $ 32,774,797 Gross profit Advanced Technologies $ 2,693,677 $ 1,837,957 $ 7,686,875 $ 8,712,543 Industrial Services 1,434,039 1,441,895 4,375,195 5,261,899 Total gross profit $ 4,127,716 $ 3,279,852 $ 12,062,070 $ 13,974,442 Operating loss (restated) (restated) Advanced Technologies $ (1,650,221 ) $ (1,595,405 ) $ (5,185,944 ) $ (1,686,680 ) Industrial Services (650,048 ) (804,397 ) (1,122,874 ) (832,532 ) Total operating loss $ (2,300,269 ) $ (2,399,802 ) $ (6,308,818 ) $ (2,519,212 ) Other income/(expense) Advanced Technologies $ 4,955,782 $ (1,795,637 ) $ 5,666,112 $ (2,868,033 ) Industrial Services (1,487,133 ) (28,330 ) 2,649,617 (114,637 ) Total other expense $ 3,468,649 $ (1,823,967 ) $ 8,315,729 $ (2,982,670 ) Depreciation and Amortization (restated) (restated) Advanced Technologies $ 103,177 $ 114,151 $ 308,755 $ 212,088 Industrial Services 189,005 358,128 663,431 1,139,159 Total depreciation and amortization $ 292,182 $ 472,279 $ 972,186 $ 1,351,247 September 30, June 30, 2020 2020 (restated) Identifiable Assets Advanced Technologies $ 31,726,862 $ 36,732,018 Industrial Services 17,640,536 15,590,448 Discontinued operations 8,867,821 8,867,821 Total Assets $ 58,235,219 $ 61,190,287

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF ASSETS	The Company’s fair value assets at June 30, 2021, are as follows. SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices in Active Significant Markets for Other Significant Balance Identical Observable Unobservable as of Assets Inputs Inputs June 30, (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 452,175 $ - $ - $ 452,175 Investment in MasterpieceVR $ 500,000 $ 500,000 (included in Other assets) $ 452,175 $ - $ 500,000 $ 952,175

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	9 Months Ended
	Jun. 30, 2021
Receivables [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE, NET	Accounts receivables, net consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE, NET June 30, + September 30, 2021 2020 Accounts receivable $ 5,413,963 $ 7,027,645 Allowance for doubtful accounts (179,747 ) (340,848 ) Accounts receivables, net, total $ 5,234,216 $ 6,686,797

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	9 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY, NET	Inventory, net, consist of the following: SCHEDULE OF INVENTORY, NET June 30, September 30, 2021 2020 Raw materials $ 2,309,734 $ 3,959,888 Work in progress 779,929 995,184 Finished goods 6,751,717 6,413,927 Inventory, gross 9,841,380 11,368,999 Less: Allowance for inventory obsolescence (1,171,983 ) (4,575,193 ) Inventory –net of allowance for inventory obsolescence $ 8,669,397 $ 6,793,806

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
SUMMARY OF PROPERTY AND EQUIPMENT	Property and equipment are summarized as follows: SUMMARY OF PROPERTY AND EQUIPMENT June 30, September 30, 2021 2020 (restated) Land $ 790,373 $ 790,373 Building and leasehold improvements 3,962,225 3,875,796 Furniture and office equipment 687,055 621,790 Computers and software 346,051 264,940 Trade show display 89,330 89,330 Machinery and equipment 14,675,127 13,668,263 20,550,161 19,310,492 Less: Accumulated depreciation (13,313,406 ) (12,348,741 ) Property and equipment, net $ 7,236,755 $ 6,961,751

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Jun. 30, 2021
Leases
SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES	Finance and operating lease liabilities consist of the following: SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES June 30, September 30, 2021 2020 Lease liabilities - current Finance leases $ - $ 20,061 Operating leases 840,016 700,975 840,016 721,036 Lease liabilities - net of current portion Finance leases $ - $ - Operating leases 2,261,148 2,027,406 $ 2,261,148 $ 2,027,406
SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES	A reconciliation of undiscounted cash flows to finance and operating lease liabilities recognized in the condensed consolidated balance sheet at June 30, 2021, is set forth below: SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES Years ending September 30, Finance leases Operating Leases Total 2021 - 236,899 236,899 2022 - 895,590 895,590 2023 - 712,413 712,413 2024 - 576,687 576,687 2025 - 552,884 552,884 2026 & Thereafter - 621,099 621,099 Undiscounted lease payments - 3,595,572 3,595,572 Amount representing interest - (494,408 ) (494,408 ) Discounted lease payments $ - $ 3,101,164 $ 3,101,164
SCHEDULE OF LEASE COSTS	Additional disclosures of lease data are set forth below: SCHEDULE OF LEASE COSTS Nine months ended June 30, 2021 March 31, 2020 Lease costs: Finance lease costs: Depreciation of finance lease assets $ 17,184 $ 11,456 Interest on lease liabilities 88 416 Operating lease costs: Amortization of right-of-use assets 653,175 275,822 Interest on lease liabilities 56,927 20,375 Total lease cost $ 727,374 $ 308,069 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 650,535 $ 296,892 Finance leases 28,535 13,838 $ 679,070 $ 310,730 Weighted-average remaining lease term - finance leases (months) 3 13 Weighted-average remaining lease term - operating leases (months) 58 73 Weighted-average discount rate - finance leases 3.63 % 6.95 % Weighted-average discount rate - operating leases 6.85 % 6.98 %

ORGANIZATION AND PLAN OF OPER_2

ORGANIZATION AND PLAN OF OPERATIONS (Details Narrative)	Oct. 26, 2022USD ($)	Oct. 26, 2021USD ($)	Oct. 26, 2020USD ($)	Aug. 15, 2019Segments	Jun. 30, 2021Segments	May 31, 2021USD ($)	Nov. 13, 2020USD ($)
Entity Listings [Line Items]
Number of reportable segments | Segments					2
Contingent consideration						$ 175,428
Forecast [Member] | Installment One [Member]
Entity Listings [Line Items]
Debt monthly payments		$ 239,774
Forecast [Member] | Installment Two [Member]
Entity Listings [Line Items]
Debt monthly payments	$ 200,000
Virtual Driver Interactive [Member]
Entity Listings [Line Items]
Purchase price of acquisition			$ 1,339,774
Contingent consideration			175,428
Cash payment to acquire			900,000
Notes payable			$ 439,774
Interest rate			500.00%
Vicon Industries, Inc. [Member]
Entity Listings [Line Items]
Number of reportable segments | Segments				2
MasterpieceVR [Member]
Entity Listings [Line Items]
Equity investment							$ 500,000

SCHEDULE OF CONDENSED CONSOLIDA

SCHEDULE OF CONDENSED CONSOLIDATED BALANCE SHEETS (Details) - USD ($)	Jun. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019
Reclassification [Line Items]
Property and equipment, net	$ 7,236,755	$ 6,961,751
Series 1 preferred stock dividends payable
Additional paid-in capital	58,846,576	60,221,766
Retained earnings (accumulated deficit)	(30,660,550)	(32,520,084)	$ (29,527,282)	$ (23,676,887)
Accumulated other comprehensive income	$ 1,624,673	1,777,112	1,778,823	1,791,153
Adjustment of Net Value of Intangible Assets [Member]
Reclassification [Line Items]
Property and equipment, net		(2,597,185)
Restatement on Dividends [Member]
Reclassification [Line Items]
Series 1 preferred stock dividends payable		(1,081,690)
Additional paid-in capital		(3,091,570)
Retained earnings (accumulated deficit)		4,173,260
Cumulative Effect of Derecognition of Expenses [Member]
Reclassification [Line Items]
Retained earnings (accumulated deficit)		3,579,346
Loss on Amounts Transferred to First Commercial [Member]
Reclassification [Line Items]
Retained earnings (accumulated deficit)		(7,100,000)
Cumulative Effect of Currency Translation [Member]
Reclassification [Line Items]
Accumulated other comprehensive income		923,469
Previously Reported [Member]
Reclassification [Line Items]
Property and equipment, net		9,558,936
Series 1 preferred stock dividends payable		1,081,690
Additional paid-in capital		63,313,336
Retained earnings (accumulated deficit)		(33,172,690)	(28,812,321)	(20,067,685)
Accumulated other comprehensive income		$ 853,643	$ 949,424	$ 796,004

SCHEDULE OF CONDENSED CONSOLI_2

SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS) (Details) - USD ($)	3 Months Ended						9 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2021	Jun. 30, 2020
Reclassification [Line Items]
Net loss available to Cemtrex, Inc. shareholders	$ 1,098,013	$ 2,454,132	$ (1,692,611)	$ (4,195,676)	$ (1,599,101)	$ (55,618)	$ 1,859,534	$ (5,850,395)
Foreign currency translation gain/(loss)	$ (193,554)			$ 154,443			$ (234,045)	$ 161,460
Loss Per Share-Basic	$ 0.06			$ (0.38)			$ 0.10	$ (0.82)
Loss Per Share-Diluted	$ 0.06			$ (0.38)			$ 0.10	$ (0.82)
Previously Reported [Member]
Reclassification [Line Items]
Net loss available to Cemtrex, Inc. shareholders				$ (4,454,617)				$ (6,658,086)
Foreign currency translation gain/(loss)				$ 310,797				$ 153,420
Loss Per Share-Basic				$ (0.41)				$ (0.93)
Loss Per Share-Diluted				$ (0.41)				$ (0.93)
Revision of Prior Period, Adjustment [Member]
Reclassification [Line Items]
Net loss available to Cemtrex, Inc. shareholders				$ 258,941				$ 807,691
Foreign currency translation gain/(loss)				$ (156,354)				$ 8,040
Loss Per Share-Basic				$ 0.02				$ 0.11
Loss Per Share-Diluted				$ 0.02				$ 0.11

SCHEDULE OF CONDENSED CONSOLI_3

SCHEDULE OF CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification [Line Items]
Retained earnings (accumulated deficit) at September 30, 2019			$ (32,520,084)	$ (23,676,887)
Net income/(loss)				(5,850,395)
Retained earnings (accumulated deficit) at March 31, 2020	$ (30,660,550)	$ (29,527,282)	(30,660,550)	(29,527,282)
Accumulated other comprehensive income/(loss)at September 30, 2019			1,777,112	1,791,153
Comprehensive income/(loss)	(193,554)	154,443	(234,045)	161,460
Accumulated other comprehensive income/(loss) at March 31, 2020	$ 1,624,673	1,778,823	1,624,673	1,778,823
Additional paid-in capital				58,476,304
Previously Reported [Member]
Reclassification [Line Items]
Retained earnings (accumulated deficit) at September 30, 2019			(33,172,690)	(20,067,685)
Net income/(loss)				(8,744,636)
Retained earnings (accumulated deficit) at March 31, 2020		(28,812,321)		(28,812,321)
Accumulated other comprehensive income/(loss)at September 30, 2019			$ 853,643	796,004
Comprehensive income/(loss)		310,797		153,420
Accumulated other comprehensive income/(loss) at March 31, 2020		949,424		949,424
Additional paid-in capital				60,543,674
Revision of Prior Period, Adjustment [Member]
Reclassification [Line Items]
Retained earnings (accumulated deficit) at September 30, 2019				(3,609,202)
Net income/(loss)				2,894,241
Retained earnings (accumulated deficit) at March 31, 2020		(714,961)		(714,961)
Accumulated other comprehensive income/(loss)at September 30, 2019				995,149
Comprehensive income/(loss)		(156,354)		8,040
Accumulated other comprehensive income/(loss) at March 31, 2020		$ 829,399		829,399
Additional paid-in capital				$ (2,067,370)

SCHEDULE OF CONDENSED CONSOLI_4

SCHEDULE OF CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reclassification [Line Items]
Net loss	$ 1,127,621	$ (4,231,427)	$ 1,838,721	$ (5,699,083)
Depreciation and amortization			972,186	1,343,207
Net cash used by operating activities			(6,178,550)	(3,385,727)
Effect of currency translation			$ (298,265)	128,771
Previously Reported [Member]
Reclassification [Line Items]
Net loss				(6,506,774)
Depreciation and amortization				2,158,938
Net cash used by operating activities				(3,377,687)
Effect of currency translation				120,731
Revision of Prior Period, Adjustment [Member]
Reclassification [Line Items]
Net loss				807,691
Depreciation and amortization				(815,731)
Net cash used by operating activities				(8,040)
Effect of currency translation				$ 8,040

INTERIM STATEMENT PRESENTATIO_3

INTERIM STATEMENT PRESENTATION (Details Narrative) - USD ($)	Feb. 26, 2021	Feb. 23, 2021	Mar. 31, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2018	Sep. 30, 2017
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Research and development expenses					$ 757,966	$ 331,936	$ 2,033,688	$ 1,113,455
Settlement Agreement [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
One-time gain	$ 3,674,165
Settlement Agreement [Member] | Aron Govil [Member] | Preferred Stock And Outstanding Options [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Receivable from related party	1,533,280
Incorrectly Handled and Accounted [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Advertising expenses									$ 400,000
Intangible asset									5,700,000
Research and development expenses									975,000
Error corrections and prior period adjustments, description							In 2017 the operations of the Company were vastly different with both the environmental and circuit board manufacturing segments accounting for approximately 75% of revenues. These businesses are now either sold or discontinued. The current reported 2017 financial statements of the Company do not give an accurate representation of the Company today because only 16% of the $120M business operations are still a part of current operations.
Incorrectly Handled and Accounted [Member] | Settlement Agreement [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Error corrections and prior period adjustments, description							As part of the Settlement Agreement, Mr. Govil was required to pay the Company consideration with a total value of $7,100,000 (the “Settlement Amount”) by entering into the Agreement. The Settlement Amount was satisfied in a combination of Mr. Govil forfeiting certain Preferred Stock and outstanding options and executing a secured note in the amount of $1,533,280. The Independent Board of Directors in coordination with Management concluded the settlement represented fair value.
Incorrectly Handled and Accounted [Member] | Settlement Agreement [Member] | Aron Govil [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Receivable from related party	$ 7,100,000
Error corrections and prior period adjustments, description	As discussed above, Mr. Govil also executed a secured promissory note (the “Note”) in the amount of $1,533,280. The Note matures and is due in full in two years and bears interest at 9% per annum and is secured by all of Mr. Govil’s assets. Mr. Govil also agreed to sign an affidavit confessing judgment in the event of a default on the Note
Shares repurchased during period, value	$ 1,533,280
Incorrectly Handled and Accounted [Member] | Settlement Agreement [Member] | Aron Govil [Member] | Series A Preferred Stock [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Shares repurchased during period				1,000,000			1,000,000
Incorrectly Handled and Accounted [Member] | Settlement Agreement [Member] | Aron Govil [Member] | Series C Preferred Stock [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Shares repurchased during period			50,000				50,000
Incorrectly Handled and Accounted [Member] | Settlement Agreement [Member] | Aron Govil [Member] | Series 1 Preferred Stock [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Shares repurchased during period			469,949				469,949
Incorrectly Handled and Accounted [Member] | Disputes [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Dispute amount		$ 7,100,000							$ 1,500,000	$ 5,600,000

SCHEDULE OF EXCLUDED FROM COMPU

SCHEDULE OF EXCLUDED FROM COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE (Details) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Computation of diluted net loss per common share as anti-dilutive	433,965	433,965	433,965	433,965
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Computation of diluted net loss per common share as anti-dilutive	1,383,965	1,145,871	1,383,965	1,204,329

SCHEDULE OF SEGMENT INFORMATION

SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 10,326,431	$ 8,440,867	$ 28,422,892	$ 32,774,797
Total gross profit	4,127,716	3,279,852	12,062,070	13,974,442
Total operating loss	(2,300,269)	(2,399,802)	(6,308,818)	(2,519,212)
Total other expense	3,468,649	(1,823,967)	8,315,729	(2,982,670)
Total depreciation and amortization	292,182	472,279	972,186	1,351,247
Total Assets	58,235,219	58,235,219	58,235,219	58,235,219	$ 61,190,287
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Total Assets		8,867,821		8,867,821	8,867,821
Advanced Technologies [Member]
Segment Reporting Information [Line Items]
Total revenues	5,845,958	4,977,424	16,006,241	18,389,057
Total gross profit	2,693,677	1,837,957	7,686,875	8,712,543
Total operating loss	(1,650,221)	(1,595,405)	(5,185,944)	(1,686,680)
Total other expense	4,955,782	(1,795,637)	5,666,112	(2,868,033)
Total depreciation and amortization	103,177	114,151	308,755	212,088
Total Assets		31,726,862		31,726,862	36,732,018
Industrial Services [Member]
Segment Reporting Information [Line Items]
Total revenues	4,480,473	3,463,443	12,416,651	14,385,740
Total gross profit	1,434,039	1,441,895	4,375,195	5,261,899
Total operating loss	(650,048)	(804,397)	(1,122,874)	(832,532)
Total other expense	(1,487,133)	(28,330)	2,649,617	(114,637)
Total depreciation and amortization	$ 189,005	358,128	$ 663,431	1,139,159
Total Assets		$ 17,640,536		$ 17,640,536	$ 15,590,448

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	9 Months Ended
	Jun. 30, 2021Segments
Segment Reporting [Abstract]
Number of reportable segments	2

SCHEDULE OF FAIR VALUE OF ASSET

SCHEDULE OF FAIR VALUE OF ASSETS (Details)	Jun. 30, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	$ 952,175
Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	452,175
MasterpieceVR [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	500,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	452,175
Fair Value, Inputs, Level 1 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	452,175
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets
Fair Value, Inputs, Level 2 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	500,000
Fair Value, Inputs, Level 3 [Member] | Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets
Fair Value, Inputs, Level 3 [Member] | MasterpieceVR [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	$ 500,000

RESTRICTED CASH (Details Narrat

RESTRICTED CASH (Details Narrative)	Jun. 30, 2021USD ($)
Restricted Cash
Restricted cash	$ 1,533,458
Accrued expenses	$ 157,415

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Receivables [Abstract]
Accounts receivable	$ 5,413,963	$ 7,027,645
Allowance for doubtful accounts	(179,747)	(340,848)
Accounts receivables, net, total	$ 5,234,216	$ 6,686,797

SCHEDULE OF INVENTORY, NET (Det

SCHEDULE OF INVENTORY, NET (Details) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 2,309,734	$ 3,959,888
Work in progress	779,929	995,184
Finished goods	6,751,717	6,413,927
Inventory, gross	9,841,380	11,368,999
Less: Allowance for inventory obsolescence	(1,171,983)	(4,575,193)
Inventory –net of allowance for inventory obsolescence	$ 8,669,397	$ 6,793,806

SUMMARY OF PROPERTY AND EQUIPME

SUMMARY OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 20,550,161	$ 19,310,492
Less: Accumulated depreciation	(13,313,406)	(12,348,741)
Property and equipment, net	7,236,755	6,961,751
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	790,373	790,373
Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	3,962,225	3,875,796
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	687,055	621,790
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	346,051	264,940
Trade Show Display [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	89,330	89,330
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 14,675,127	$ 13,668,263

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 292,182	$ 472,279	$ 972,186	$ 1,351,247

SUMMARY OF FINANCE AND OPERATIN

SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES (Details) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Lease liabilities - current	$ 840,016	$ 721,036
Lease liabilities - net of current portion	2,261,148	2,027,406
Other Liabilities [Member]
Customer Securities for which Entity has Right to Sell or Repledge (Including Securities Sold or Repledged) [Line Items]
Lease liabilities - current, Finance leases		20,061
Lease liabilities - current, Operating leases	840,016	700,975
Lease liabilities - current	840,016	721,036
Lease liabilities - net of current portion, Finance leases
Lease liabilities - net of current portion, Operating leases	2,261,148	2,027,406
Lease liabilities - net of current portion	$ 2,261,148	$ 2,027,406

SCHEDULE OF RECONCILIATION OF U

SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES (Details)	Jun. 30, 2021USD ($)
Leases
Finance leases, 2021
Operating Leases, 2021	236,899
Total, 2021	236,899
Finance leases, 2022
Operating Leases, 2022	895,590
Total, 2022	895,590
Finance leases, 2023
Operating Leases, 2023	712,413
Total, 2023	712,413
Finance leases, 2024
Operating Leases, 2024	576,687
Total, 2024	576,687
Finance leases, 2025
Operating Leases, 2025	552,884
Total, 2025	552,884
Finance leases, 2026 & thereafter
Operating Leases, 2026 & thereafter	621,099
Total, 2026 & thereafter	621,099
Finance leases, Undiscounted lease payments
Operating Leases, Undiscounted lease payments	3,595,572
Total, Undiscounted lease payments	3,595,572
Finance leases, Amount representing interest
Operating Leases, Amount representing interest	(494,408)
Total, Amount representing interest	(494,408)
Finance leases, Discounted lease payments
Operating Leases, Discounted lease payments	3,101,164
Total, Discounted lease payments	$ 3,101,164

SCHEDULE OF LEASE COSTS (Detail

SCHEDULE OF LEASE COSTS (Details) - USD ($)	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Leases
Finance lease costs: Depreciation of finance lease assets	$ 17,184	$ 11,456
Finance lease costs: Interest on lease liabilities	88	416
Operating lease costs: Amortization of right-of-use assets	653,175	275,822
Operating lease costs: Interest on lease liabilities	56,927	20,375
Total lease cost	727,374	308,069
Cash paid for amounts included in the measurement of lease liabilities: Operating leases	650,535	296,892
Cash paid for amounts included in the measurement of lease liabilities: Finance leases	28,535	13,838
Cash paid for amounts included in the measurement of lease liabilities: Total	$ 679,070	$ 310,730
Weighted-average remaining lease term - finance leases (months)	3 months	13 months
Weighted-average remaining lease term - operating leases (months)	58 months	73 months
Weighted-average discount rate - finance leases	3.63%	695.00%
Weighted-average discount rate - operating leases	6.85%	6.98%

LEASES (Details Narrative)

LEASES (Details Narrative)	9 Months Ended
	Jun. 30, 2021
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Lease description	The Company also made the accounting policy decision not to recognize lease assets and liabilities for leases with a term of 12 months or less.
Minimum [Member]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Operating lease term	2 years
Maximum [Member]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Operating lease term	7 years
Industrial Services [Member]
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Line Items]
Finance lease term	3 years

PREPAID AND OTHER CURRENT ASS_2

PREPAID AND OTHER CURRENT ASSETS (Details Narrative) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Prepaid And Other Current Assets
Prepayments on inventory purchases	$ 397,056	$ 101,308
Other assets, current	$ 1,767,311	$ 1,087,009

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative) - USD ($)	Jun. 30, 2021	Sep. 30, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other assets	$ 1,094,429	$ 744,207
Rent security deposits	248,160	294,553
Investment	500,000
Other assets excluding rent security	$ 346,269	$ 449,654

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Aug. 31, 2019	Jun. 30, 2021	Sep. 30, 2020
Related Party Transaction [Line Items]
Trade receivables related parties		$ 1,505,789	$ 1,432,209
Ducon Technologies Inc., [Member]
Related Party Transaction [Line Items]
Trade receivables related parties		1,515,820	$ 1,432,209
Griffin Filters, LLC [Member]
Related Party Transaction [Line Items]
Trade receivables related parties		$ 500,000
Description of remaining balance due		At June 30, 2021, $500,000 of the balance due is for the sale of Griffin, which was due in February 2021, and the remaining balance are various receivables with various due dates within the next fiscal year.
Asset Purchase Agreement [Member] | Griffin Filters, LLC [Member] | Ducon Technologies Inc., [Member] | Aron Govil [Member]
Related Party Transaction [Line Items]
Consideration amount	$ 550,000

LINES OF CREDIT AND LONG-TERM_2

LINES OF CREDIT AND LONG-TERM LIABILITIES (Details Narrative) - USD ($)

Sep. 30, 2020

Apr. 24, 2020

Mar. 03, 2020

Jan. 28, 2020

Dec. 23, 2019

May 01, 2018

Dec. 15, 2015

Jun. 30, 2021

Apr. 30, 2021

Jun. 30, 2021

Jun. 30, 2020

Apr. 17, 2021

Jan. 24, 2021

May 31, 2020

Line of Credit Facility [Line Items]

Proceeds from notes payable

$ 4,485,000

Repayment of notes payable

2,145,257

$ 726,640

Long term liabilities

$ 15,984,647

$ 13,069,280

$ 13,069,280

Term Loan Agreement [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate

8.85%

Debt instrument, maturity date

Mar. 30, 2022

Note payable

$ 5,600,000

Repayment of notes payable

500,000

Term Loan Agreement [Member] | One Year [Member]

Line of Credit Facility [Line Items]

Repayment of notes payable

$ 500,000

Paycheck Protection Program [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate

1.00%

1.00%

Loan granted on paycheck protection

$ 3,471,100

Other long-term liabilities

$ 710,046

Debt forgiveness

$ 193,000

$ 3,156,700

Loans payable

$ 971,500

$ 1,970,785

Independent Third-party [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate

8.00%

8.00%

8.00%

Debt instrument, maturity date

Mar. 30, 2022

Oct. 24, 2021

Jun. 23, 2021

Note payable

$ 4,605,000

$ 1,725,000

$ 1,725,000

Original issue discount

600,000

225,000

225,000

Legal fees

5,000

5

5,000

Proceeds from notes payable

$ 4,000,000

$ 1,495,000

$ 1,495,000

Advanced Industrial Services, Inc [Member]

Line of Credit Facility [Line Items]

Purchase price

$ 3,381,433

Long term liabilities

905,433

Advanced Industrial Services, Inc [Member] | Fulton Bank [Member]

Line of Credit Facility [Line Items]

Long term liabilities

2,476,000

Notes Payable Due on May 1, 2023 [Member] | Fulton Bank [Member]

Line of Credit Facility [Line Items]

Loans payable to bank

$ 360,000

$ 400,000

Debt instrument, interest rate

2.09%

2.09%

Notes Payable Due on May 1, 2023 [Member] | Fulton Bank [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate

2.44%

2.44%

Advanced Industrial Services, Inc [Member]

Line of Credit Facility [Line Items]

Payments to acquire businesses and interest in affiliates

$ 5,000,000

Advanced Industrial Services, Inc [Member] | Notes Payable Due on May 1, 2023 [Member]

Line of Credit Facility [Line Items]

Debt instrument, maturity date

May 1, 2023

May 1, 2023

London Interbank Offered Rate (LIBOR) [Member] | Advanced Industrial Services, Inc [Member]

Line of Credit Facility [Line Items]

Debt instrument, interest rate

2.50%

2.59%

2.59%

Debt instrument, maturity date

Jan. 28, 2040

London Interbank Offered Rate (LIBOR) [Member] | Notes Payable Due on May 1, 2023 [Member] | Fulton Bank [Member]

Line of Credit Facility [Line Items]

Debt instrument, variable interest rate

2.25%

2.00%

London Interbank Offered Rate (LIBOR) [Member] | Advanced Industrial Services, Inc [Member]

Line of Credit Facility [Line Items]

Debt instrument, variable interest rate

2.25%

Fulton Bank [Member]

Line of Credit Facility [Line Items]

Line of credit

$ 3,500,000

Loans payable to bank

$ 5,250,000

Debt instrument, interest rate

2.34%

2.34%

Debt instrument, maturity date

Dec. 15, 2022

Fulton Bank [Member] | Notes Payable Due on December 15, 2020 [Member]

Line of Credit Facility [Line Items]

Loans payable to bank

$ 620,000

Debt instrument, interest rate

2.09%

2.09%

Debt instrument, maturity date

Dec. 15, 2020

Fulton Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Notes Payable Due on December 15, 2020 [Member]

Line of Credit Facility [Line Items]

Debt instrument, variable interest rate

2.00%

Fulton Bank One [Member]. | London Interbank Offered Rate (LIBOR) [Member]

Line of Credit Facility [Line Items]

Line of credit facility, interest rate

2.00%

2.09%

2.09%

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Oct. 03, 2019	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Sep. 30, 2020	Mar. 30, 2020
Class of Stock [Line Items]
Preferred stock, shares authorized		10,000,000			10,000,000		10,000,000		10,000,000
Preferred stock, par value		$ 0.001			$ 0.001		$ 0.001		$ 0.001
Preferred stock, shares issued		1,935,151			1,935,151		1,935,151		3,256,784
Preferred stock, shares outstanding		1,935,151			1,935,151		1,935,151		3,256,784
Common stock, shares authorized		50,000,000			50,000,000		50,000,000		50,000,000
Common stock, par or stated value per share		$ 0.001			$ 0.001		$ 0.001		$ 0.001
Common stock, shares, issued		18,711,463			18,711,463		18,711,463		17,622,539
Common stock, shares, outstanding		18,711,463			18,711,463		18,711,463		17,622,539
Interest expense					$ 433,009	$ 1,982,101	$ 1,891,026	$ 3,812,921
Notes Payable [Member]
Class of Stock [Line Items]
Accrued interest		$ 191,556			$ 191,556		191,556
Interest expense		$ 80,509					$ 465,772
Notes Payable [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of stock shares issued		318,218					1,088,924
Stock issued during the period retired							50,000
Number of common shares value		$ 400,000					$ 550,000
Series 1 Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		3,000,000			3,000,000		3,000,000		3,000,000
Preferred stock, shares issued		1,885,151			1,885,151		1,885,151		2,156,784
Preferred stock, shares outstanding		1,885,151			1,885,151		1,885,151		2,156,784
Shares of preferred stock for dividends							198,316
Series 1 Preferred Stock [Member] | Term Loan Agreement [Member]
Class of Stock [Line Items]
Number of stock shares issued					469,949
Series 1 Preferred Stock [Member] | Settlement Agreement [Member] | Incorrectly Handled and Accounted [Member] | Aron Govil [Member]
Class of Stock [Line Items]
Shares repurchased during period			469,949				469,949
Series 1 Preferred Stock [Member] | Minimum [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized										3,000,000
Series 1 Preferred Stock [Member] | Maximum [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized										4,000,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		1,000,000			1,000,000		1,000,000		1,000,000
Preferred stock, shares issued		0			0		0		1,000,000
Preferred stock, shares outstanding		0			0		0		1,000,000
Stock issued during the period retired					1,000,000
Series A Preferred Stock [Member] | Settlement Agreement [Member] | Incorrectly Handled and Accounted [Member] | Aron Govil [Member]
Class of Stock [Line Items]
Shares repurchased during period				1,000,000			1,000,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized	100,000	100,000			100,000		100,000		100,000
Preferred stock, par value	$ 0.001
Preferred stock, shares issued		50,000			50,000		50,000		100,000
Preferred stock, shares outstanding		50,000			50,000		50,000		100,000
Preferred stock, voting rights	Under the Certificate of Designation, holders of Series C Preferred Stock are entitled to the number of votes equal to the result of (i) the total number of shares of Common Stock outstanding at the time of such vote multiplied by 10.01, and divided by (ii) the total number of shares of Series C Preferred Stock outstanding at the time of such vote, at each meeting of our shareholders with respect to any and all matters presented to our shareholders for their action or consideration, including the election of directors
Series C Preferred Stock [Member] | Settlement Agreement [Member] | Incorrectly Handled and Accounted [Member] | Aron Govil [Member]
Class of Stock [Line Items]
Shares repurchased during period			50,000				50,000

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 110,904	$ 67,212
Unrecognized compensation cost	$ 401,690
Unrecognized compensation expense, expected to be recognized period	5 years

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	9 Months Ended
	Jun. 30, 2021USD ($)ft²	Jun. 30, 2021INR (₨)ft²	Jun. 30, 2021GBP (£)ft²	Jun. 30, 2020USD ($)
Product Liability Contingency [Line Items]
Lease expense	$ 56,927			$ 20,375
Operating lease termination description	The Company also made the accounting policy decision not to recognize lease assets and liabilities for leases with a term of 12 months or less.	The Company also made the accounting policy decision not to recognize lease assets and liabilities for leases with a term of 12 months or less.	The Company also made the accounting policy decision not to recognize lease assets and liabilities for leases with a term of 12 months or less.
NEW YORK
Product Liability Contingency [Line Items]
Area of land | ft²	2,500	2,500	2,500
Monthly lease rent payment	$ 13,000
Lease expense	$ 117,000
Manchester PA [Member]. | IS Segment [Member].
Product Liability Contingency [Line Items]
Area of land | ft²	25,000	25,000	25,000
York, PA [Member]. | IS Segment [Member].
Product Liability Contingency [Line Items]
Area of land | ft²	43,000	43,000	43,000
Emigsville, PA [Member] | IS Segment [Member].
Product Liability Contingency [Line Items]
Area of land | ft²	15,500	15,500	15,500
Monthly lease rent payment	$ 4,555
Lease expense	$ 40,995
Lease term	3 years	3 years	3 years
Lease expiration date	Aug. 31, 2022	Aug. 31, 2022	Aug. 31, 2022
Pune, India [Member]. | Advanced Technologies [Member]
Product Liability Contingency [Line Items]
Area of land | ft²	6,700	6,700	6,700
Monthly lease rent payment	$ 6,453
Lease expense	$ 58,077
Lease term	5 years	5 years	5 years
Lease expiration date	Feb. 28, 2024	Feb. 28, 2024	Feb. 28, 2024
Pune, India [Member]. | Advanced Technologies [Member] | INR [Member]
Product Liability Contingency [Line Items]
Monthly lease rent payment | ₨		₨ 456,972
Hauppauge, New York [Member]. | Advanced Technologies [Member]
Product Liability Contingency [Line Items]
Area of land | ft²	30,000	30,000	30,000
Monthly lease rent payment	$ 28,719
Lease expense	$ 258,471
Lease term	7 years	7 years	7 years
Lease expiration date	Mar. 31, 2027	Mar. 31, 2027	Mar. 31, 2027
Hampshire, England [Member] | Advanced Technologies [Member]
Product Liability Contingency [Line Items]
Area of land | ft²	9,400	9,400	9,400
Monthly lease rent payment	$ 7,329
Lease expense	$ 65,961
Lease term	15 years	15 years	15 years
Lease expiration date	Mar. 24, 2031	Mar. 24, 2031	Mar. 24, 2031
Operating lease termination description	terminate in 2026	terminate in 2026	terminate in 2026
Hampshire, England [Member] | Advanced Technologies [Member] | GBP [Member]
Product Liability Contingency [Line Items]
Monthly lease rent payment | £			£ 5,771

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member]	1 Months Ended
	Jul. 31, 2021USD ($)
Subsequent Event [Line Items]
Stock Issued During Period, Value, New Issues	$ 2,070,731
Debt Conversion, Original Debt, Amount	$ 2,837,814