Cemtrex (CETX) 10-Q 18 Feb 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Dec. 31, 2021	Feb. 15, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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		23,673,210
Common Stock [Member]
Title of 12(b) Security	Common Stock
Trading Symbol	CETX
Security Exchange Name	NASDAQ
Series 1 Preferred Stock [Member]
Title of 12(b) Security	Series 1 Preferred Stock
Trading Symbol	CETXP
Security Exchange Name	NASDAQ
Series 1 Warrants [Member]
Title of 12(b) Security	Series 1 Warrants
Trading Symbol	CETXW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Current assets
Cash and equivalents	$ 10,338,978	$ 15,426,976
Restricted cash	1,633,452	1,759,347
Short-term investments	14,960	14,981
Trade receivables, net	5,547,749	7,810,896
Trade receivables - related party	1,492,321	1,487,155
Inventory –net of allowance for inventory obsolescence	7,085,698	5,657,287
Prepaid expenses and other assets	2,727,511	2,585,652
Total current assets	28,840,669	34,742,294
Property and equipment, net	6,736,871	6,738,944
Right-of-use assets	2,725,616	2,940,127
Goodwill	7,821,283	7,821,283
Other	697,624	697,240
Total Assets	46,822,063	52,939,888
Current liabilities
Accounts payable	3,512,267	4,235,002
Short-term liabilities	7,591,892	9,977,972
Lease liabilities - short-term	789,346	830,791
Deposits from customers	722,690	536,220
Accrued expenses	1,478,746	1,621,053
Deferred revenue	1,621,244	2,004,170
Accrued income taxes	323,371	448,194
Total current liabilities	16,039,556	19,653,402
Long-term liabilities
Loans payable to bank	486,262	767,279
Long-term lease liabilities	1,936,270	2,017,408
Notes payable	2,400,000	2,350,000
Mortgage payable	2,232,812	2,257,785
Other long-term liabilities	750,905	839,171
Paycheck Protection Program Loans	60,700	1,032,200
Deferred Revenue - long-term	497,771	467,967
Total long-term liabilities	8,364,720	9,731,810
Total liabilities	24,404,276	29,385,212
Commitments and contingencies
Shareholders’ equity
Common stock, $0.001 par value, 50,000,000 shares authorized, 23,673,210 shares issued and outstanding at December 31, 2021 and 20,782,194 shares issued and outstanding at September 30, 2021	23,673	20,782
Additional paid-in capital	65,058,290	61,727,834
Retained earnings (accumulated deficit)	(46,386,013)	(41,908,062)
Treasury stock at cost	(148,291)	(148,291)
Accumulated other comprehensive income (loss)	2,955,944	2,896,452
Total Cemtrex stockholders’ equity	21,505,633	22,590,650
Non-controlling interest	912,154	964,026
Total liabilities and shareholders’ equity	46,822,063	52,939,888
Series 1 Preferred Stock [Member]
Shareholders’ equity
Preferred stock , Value	1,980	1,885
Series C Preferred Stock [Member]
Shareholders’ equity
Preferred stock , Value	$ 50	$ 50

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Sep. 30, 2021
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	2,029,753	1,935,151
Preferred stock, shares outstanding	2,029,753	1,935,151
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	23,673,210	20,782,194
Common stock, shares outstanding	23,673,210	20,782,194
Series 1 Preferred Stock [Member]
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	1,979,753	1,885,151
Preferred stock, shares outstanding	1,979,753	1,885,151
Preferred Stock, Liquidation Preference Per Share	$ 10	$ 10
Series C Preferred Stock [Member]
Preferred stock, shares authorized	100,000	100,000
Preferred stock, shares issued	50,000	50,000
Preferred stock, shares outstanding	50,000	50,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 10,672,489	$ 8,836,076
Cost of revenues	6,803,295	4,830,606
Gross profit	3,869,194	4,005,470
Operating expenses
General and administrative	6,612,004	5,417,196
Research and development	1,311,713	634,225
Total operating expenses	7,923,717	6,051,421
Operating income/(loss)	(4,054,523)	(2,045,951)
Other income/(expense)
Other income/(expense)	930,169	950,988
Interest Expense	(1,405,469)	(608,941)
Total other income/(expense), net	(475,300)	342,047
Net loss before income taxes	(4,529,823)	(1,703,904)
Income tax benefit/(expense)		(28,954)
Net income/(loss)	(4,529,823)	(1,732,858)
Less income/(loss) in noncontrolling interest	(51,872)	(40,247)
Net income/(loss) attributable to Cemtrex, Inc. shareholders	(4,477,951)	(1,692,611)
Other comprehensive income/(loss)
Net income/(loss)	(4,529,823)	(1,732,858)
Foreign currency translation gain/(loss)	59,492	37,864
Comprehensive income/(loss)	(4,470,331)	(1,694,994)
Less comprehensive income/(loss) attributable to noncontrolling interest	(51,872)	(40,247)
Comprehensive income/(loss) attributable to Cemtrex, Inc. shareholders	$ (4,418,459)	$ (1,654,747)
Income/(loss) Per Share-Basic	$ (0.19)	$ (0.09)
Income/(loss) Per Share-Diluted	$ (0.19)	$ (0.09)
Weighted Average Number of Shares-Basic	23,097,141	17,842,664
Weighted Average Number of Shares-Diluted	23,097,141	17,842,664

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]Series 1 Preferred Stock [Member]	Preferred Stock [Member]Series A Preferred Stock [Member]	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, value at Sep. 30, 2020	$ 2,157	$ 1,000	$ 100	$ 17,623	$ 60,221,766	$ (34,100,067)	$ (148,291)	$ 1,812,457	$ 27,806,745	$ 1,042,300
Beginning balance, 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
Shares 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
Income/(loss) attributable to noncontrolling interest										(40,247)
Net loss						(1,692,611)			(1,692,611)
Ending balance, value at Dec. 31, 2020	$ 2,265	$ 1,000	$ 100	$ 17,968	60,645,236	(35,792,678)	(148,291)	1,850,321	26,575,921	1,002,053
Ending balance, shares at Dec. 31, 2020	2,264,953	1,000,000	100,000	17,968,177
Beginning balance, value at Sep. 30, 2021	$ 1,885		$ 50	$ 20,782	61,727,834	(41,908,062)	(148,291)	2,896,452	22,590,650	964,026
Beginning balance, shares at Sep. 30, 2021	1,885,151		50,000	20,782,194
Foreign currency translation gain/(loss)								59,492	59,492
Share-based compensation					45,371				45,371
Shares issued to pay notes payable				$ 2,891	3,285,180				3,288,071
Shares issued to pay notes payable, shares				2,891,016
Dividends paid in Series 1 preferred shares	$ 95				(95)
Dividends paid in Series 1 preferred shares, shares	94,602
Income/(loss) attributable to noncontrolling interest										(51,872)
Net loss						(4,477,951)			(4,477,951)
Ending balance, value at Dec. 31, 2021	$ 1,980		$ 50	$ 23,673	$ 65,058,290	$ (46,386,013)	$ (148,291)	$ 2,955,944	$ 21,505,633	$ 912,154
Ending balance, shares at Dec. 31, 2021	1,979,753		50,000	23,673,210

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash Flows from Operating Activities
Net income/(loss)	$ (4,529,823)	$ (1,732,858)
Adjustments to reconcile net loss to net cash provided/(used) by operating activities:
Depreciation and amortization	262,833	360,578
(Gain)/loss on disposal of property and equipment	(27,170)	4,050
Amortization of right-of-use assets	214,511	186,777
Change in allowance for doubtful accounts	94,588	(3,979)
Share-based compensation	45,371	16,069
Income tax expense/ (benefit)		(28,954)
Interest expense paid in equity shares	821,592	87,099
Accrued interest on notes payable	132,162	126,390
Amortization of original issue discounts on notes payable	325,000	250,000
Gain/loss on marketable securities	(21)	942,923
Discharge of Paycheck Protection Program Loans	(971,500)
Changes in operating assets and liabilities net of effects from acquisition of subsidiaries:
Accounts receivable	(2,168,559)	(2,213,132)
Accounts receivable - related party	5,166	243,006
Inventory	1,428,411	632,610
Prepaid expenses and other current assets	141,859	(273,705)
Other assets	384	(141,058)
Other liabilities	(88,266)	7,856
Accounts payable	(722,735)	(702,285)
Operating lease liabilities	(122,583)	(192,534)
Deposits from customers	186,470	3,539
Accrued expenses	(142,307)	(38,891)
Deferred revenue	(353,122)	(156,166)
Income taxes payable	(124,823)	(74,099)
Net cash used by operating activities	(4,352,702)	(1,086,152)
Cash Flows from Investing Activities
Purchase of property and equipment	(301,327)	(14,807)
Proceeds from sale of property and equipment	9,661	9,586
Investment in MasterpieceVR		(900,000)
Investment in related party		(500,000)
Proceeds from sale of marketable securities		4,307,594
Purchase of marketable securities		(3,569,760)
Net cash used by investing activities	(291,666)	(667,387)
Cash Flows from Financing Activities
Payments on notes payable	(326,763)	(1,275,000)
Payments on bank loans	(305,990)	(354,708)
Net cash used by financing activities	(632,753)	(1,629,708)
Effect of currency translation	(63,228)	24,116
Net decrease in cash, cash equivalents, and restricted cash	(5,277,121)	(3,383,247)
Cash, cash equivalents, and restricted cash at beginning of period	17,186,323	21,072,859
Cash, cash equivalents, and restricted cash at end of period	11,972,430	17,665,496
Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash
Cash and equivalents	10,338,978	15,866,068
Restricted cash	1,633,452	1,799,428
Total cash, cash equivalents, and restricted cash	11,972,430	17,665,496
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	126,715	145,452
Cash paid during the period for income taxes	124,823	74,099
Supplemental Schedule of Non-Cash Investing and Financing Activities
Investment in Virtual Driver Interactive		439,774
Stock issued to pay notes payable	$ 3,288,071	$ 407,854

ORGANIZATION AND PLAN OF OPERAT

ORGANIZATION AND PLAN OF OPERATIONS	3 Months Ended
	Dec. 31, 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 has two Advanced Technologies (AT) Cemtrex’s Advanced Technologies segment operates several brands that deliver cutting-edge software and hardware technologies: - Vicon Industries – - SmartDesk – - Cemtrex XR (“CXR”) - Virtual Driver Interactive (“VDI”) - Bravo Strong - good tech (formerly Cemtrex Labs) Industrial Services (IS) Cemtrex’s IS segment operates through a brand, Advanced Industrial Services (“AIS”), that 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. Results for VDI will be reported under the AT segment. The Company paid $ 900,000 in cash and issued a note 439,774 . This note carries interest of 5 % and is payable in two installments of $ 239,774 plus accumulated interest on October 26, 2021, and $ 200,000 plus accumulated interest on October 26, 2022. Additionally, the Company paid contingent consideration of $ 175,428 in May 2021. There is no further contingent consideration specified in the purchase agreement. The Company has accounted for this acquisition as a business combination and has allocated the purchase price as follows, $ 876,820 to proprietary software, $ 39,992 to inventory, and $ 598,391 to goodwill. Strategic Investment On November 13, 2020, Cemtrex made a $ 500,000 investment via a simple agreement for future equity(“SAFE”) in MasterpieceVR. The SAFE provides that the Company will automatically receive shares of the entity based on the conversion rate of future equity rounds up to a valuation cap, as defined. MasterpieceVR is a software company that is developing software for content creation using virtual reality. The investment is included in other assets in the accompanying balance sheet and the Company accounts for this investment and recorded at cost. No impairment has been recorded for the period December 31, 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 the last fiscal year, primarily with delays in expected orders by many customers and new product development, including newer versions of surveillance software since our technical facility in Pune, India has been under lock down on multiple occasions. Overall bookings level in the IS segment of our business were down by more than 20%, however our AT segment had experienced relatively less slow down. Bookings and revenue are starting to show signs of recovery in this fiscal quarter compared to the same period last year. However, due to delays in certain supply chain areas, the expected launch times of our new products and new versions has resulted in delays of several months. Additionally, increased prices and the need to increase wages to The broader implications of COVID-19 on our results from operations going forward remains uncertain. The COVID-19 pandemic and the resulting supply chain issues and inflation 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. However, opportunities in the video surveillance field have been growing for Vicon products. The extent of the pandemics 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 emergence of new virus variants that are more contagious or harmful than prior variants, 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	3 Months Ended
	Dec. 31, 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, 2021, of Cemtrex Inc. 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 The condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, Cemtrex Advanced Technologies Inc., Cemtrex Technologies Pvt. Ltd., Cemtrex XR Inc., and Advanced Industrial Services, Inc. and the Company’s majority owned subsidiary Vicon Industries, Inc. and its subsidiary, Vicon 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, 2021, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements. Recently Issued Accounting Standards ASU 2016-13 Measurement of Credit Losses on Financial Instrument is effective for fiscal years beginning after December 15, 2022. This is not expected to apply to the Company as financial instruments giving rise to credit risk are not utilized by the Company. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The new ASU addresses issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options. This amendment is effective for all entities, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact this new guidance will have on its financial statements The Company does not believe that any other recently issued but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE	3 Months Ended
	Dec. 31, 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 months ended December 31, 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 COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT 2021 2020 For the three months ended December 31, 2021 2020 Warrants to purchase shares 433,965 433,965 Options 950,000 945,833 Net loss per common share anti-dilutive effect 950,000 945,833

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Dec. 31, 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 2021 2020 For the three months ended December 31, 2021 2020 Revenues from external customers Advanced Technologies $ 5,618,517 $ 4,672,869 Industrial Services 5,053,972 4,163,207 Total revenues $ 10,672,489 $ 8,836,076 Gross profit Advanced Technologies $ 2,439,009 $ 2,346,272 Industrial Services 1,430,185 1,659,198 Total gross profit $ 3,869,194 $ 4,005,470 Operating loss Advanced Technologies $ (3,894,624 ) $ (1,842,346 ) Industrial Services (159,899 ) (203,605 ) Total operating loss $ (4,054,523 ) $ (2,045,951 ) Other income/(expense) Advanced Technologies $ (424,252 ) $ 367,235 Industrial Services (51,048 ) (25,188 ) Total other expense $ (475,300 ) $ 342,047 Depreciation and Amortization Advanced Technologies $ 83,610 $ 115,832 Industrial Services 179,223 244,746 Total depreciation and amortization $ 262,833 $ 360,578 December 31, September 30, 2021 2021 Identifiable Assets Advanced Technologies $ 29,506,121 $ 33,850,496 Industrial Services 17,315,942 19,089,392 Total Assets $ 46,822,063 $ 52,939,888

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Dec. 31, 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 December 31, 2021 and September 30, 2021, SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs December 31, (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 14,960 $ - $ - $ 14,960 $ 14,960 $ - $ - $ 14,960 Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs September, 30 (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 14,981 $ $ $ 14,981 $ 14,981 $ - $ - $ 14,981

RESTRICTED CASH

RESTRICTED CASH	3 Months Ended
	Dec. 31, 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 $ 1,476,037 at and $ 1,601,932 a account. The 157,415 as of December 31, 2021 and Sepetmber 30, 2021 .

ACCOUNTS RECEIVABLE, NET

ACCOUNTS RECEIVABLE, NET	3 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	NOTE 7 – ACCOUNTS RECEIVABLE, NET Accounts receivables, net consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE, NET December 31, September 30, 2021 2021 Accounts receivable $ 5,821,329 $ 7,989,888 Allowance for doubtful accounts (273,580 ) (178,992 ) Accounts receivables, net, total $ 5,547,749 $ 7,810,896 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	3 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
INVENTORY, NET	NOTE 8 – INVENTORY, NET Inventory, net, consist of the following: SCHEDULE OF INVENTORY, NET December 31, September 30, 2021 2021 Raw materials $ 2,109,452 $ 1,957,410 Work in progress 947,091 429,871 Finished goods 5,848,146 5,191,007 Inventory, gross 8,904,689 7,578,288 Less: Allowance for inventory obsolescence (1,818,991 ) (1,921,001 ) Inventory –net of allowance for inventory obsolescence $ 7,085,698 $ 5,657,287

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Dec. 31, 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 December 31, September 30, 2021 2021 Land $ 790,373 $ 790,373 Building and leasehold improvements 2,907,109 2,892,900 Furniture and office equipment 515,873 501,885 Computers and software 1,313,816 1,105,681 Machinery and equipment 12,918,350 12,984,959 Property and equipment, gross 18,445,521 18,275,798 Less: Accumulated depreciation (11,708,650 ) (11,536,854 ) Property and equipment, net $ 6,736,871 $ 6,738,944 Depreciation expense for the three months ended December 31, 2021, and 2020 were $ 262,833 360,578

LEASES

LEASES	3 Months Ended
	Dec. 31, 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 ● 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 December 31, September 30, 2021 2021 Lease liabilities - current Finance leases $ - $ - Operating leases 789,346 830,791 Lease liabilities - current 789,346 830,791 Lease liabilities - net of current portion Finance leases $ - $ - Operating leases 1,936,270 2,017,408 Lease liabilities - net of current portion $ 1,936,270 $ 2,017,408 A reconciliation of undiscounted cash flows to finance and operating lease liabilities recognized in the condensed consolidated balance sheet at December 31, 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 2022 - 685,022 685,022 2023 - 704,934 704,934 2024 - 580,667 580,667 2025 - 557,870 557,870 2026 & Thereafter - 661,696 661,696 Undiscounted lease payments - 3,190,189 3,190,189 Amount representing interest - (464,573 ) (464,573 ) Discounted lease payments $ - $ 2,725,616 $ 2,725,616 Additional disclosures of lease data are set forth below: SCHEDULE OF LEASE COSTS Three months ended December 31, 2021 December 31, 2020 Lease costs: Finance lease costs: Depreciation of finance lease assets $ - $ 5,728 Interest on lease liabilities - 27 Operating lease costs: Amortization of right-of-use assets 214,511 186,777 Interest on lease liabilities 24,341 16,636 Total lease cost $ 238,852 $ 209,168 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 122,583 $ 178,228 Finance leases - 14,306 $ 122,583 $ 192,534 Weighted-average remaining lease term - finance leases (months) 0 7 Weighted-average remaining lease term - operating leases (months) 52 48 Weighted-average discount rate - finance leases 3.63 % 3.63 % Weighted-average discount rate - operating leases 6.85 % 6.64 % 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	3 Months Ended
	Dec. 31, 2021
Prepaid And Other Current Assets
PREPAID AND OTHER CURRENT ASSETS	NOTE 11 – PREPAID AND OTHER CURRENT ASSETS On December 31, 2021, the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $ 467,093 , and 2,260,418 . On September 30, 2021, the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $ 298,707 , and other current assets of $ 2,286,945 .

OTHER ASSETS

OTHER ASSETS	3 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 12 – OTHER ASSETS As of December 31, 2021, the Company had other assets of $ 697,624 96,320 500,000 101,304 697,240 84,362 500,000 112,878

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Dec. 31, 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 550,000 . As of December 31, 2021, and September 30, 2021, there was $ 1,492,321 and $ 1,487,155 in receivables due from Ducon Technologies, Inc., respectively. At December 31, 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. The Company is currently negotiating a payment agreement surrounding all these amounts due. 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 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 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 is reported as Settlement Agreement – As discussed above, Mr. Govil also executed a secured promissory note (the “Note”) in the amount of $ 1,533,280 two years 9%

LINES OF CREDIT AND LONG-TERM L

LINES OF CREDIT AND LONG-TERM LIABILITIES	3 Months Ended
	Dec. 31, 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 . The line carries an interest of LIBOR plus 2.00% per annum ( 2.078% as of December 31, 2021 and 2.075% At December 31, 2021 and September 30, 2021, there was no outstanding balance on this line of credit. The terms of this line of credit are subject to the bank’s review annually on February 1. Loans payable to bank On December 15, 2015, the Company acquired a loan from Fulton Bank in the amount of $ 5,250,000 5,000,000 2.25% 2.328% 2.325% December 15, 2022 977,808 1,218,680 On May 1, 2018, the Company acquired a loan from Fulton Bank in the amount of $ 400,000 2.00% 2.078% 2.075% May 1, 2023 133,008 149,914 On January 28, 2020, the Company acquired a loan from Fulton Bank in the amount of $ 360,000 2.25% 2.328% 2.325% May 1, 2023 234,821 258,060 Notes payable On September 30, 2020, the Company, issued a note payable to an independent private lender in the amount of $ 4,605,000 . This note carries interest of 8% and matures on March 30, 2022 . After deduction of an original issue discount of 600,000 and legal fees of $ 5,000 , the Company received $ 4,000,000 in cash. As of December 31, 2021, and September 30, 2021, this note had a balance of $ 0 and $ 2,256,448 , respectively. As of December 31, 2021, and September 30, 2021, this note had unamortized original issue discount balance of $ 0 200,000 On September 30, 2021, the Company, issued a note payable to an independent private lender in the amount of $ 5,755,000 . This note carries interest of 8% and matures on March 30, 2023 . After deduction of an original issue discount of 750,000 and legal fees of $ 5,000 , the Company received $ 5,000,000 in cash. As of December 31, 2021, and September 30, 2021, this note had a balance of $ 5,248,855 and $ 5,005,000 , respectively. As of December 31, 2021, and September 30, 2021, this note had unamortized original issue discount balance of $ 625,000 750,000 On March 3, 2020, Vicon, a subsidiary of the Company, 5,600,000 Term Loan Agreement with NIL Funding Corporation (“NIL”). Upon closing, $ 500,000 of outstanding borrowings were repaid to NIL. 8.85% and matures on March 30, 2022 . This note carries loan covenants which the Company is in compliance with as of December 31, 2021. As of December 31, 2021, and September 30, 2021, this note had a balance of $ 3,529,743 and $ 3,604,743 , respectively. 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 . The Company paid $ 905,433 in cash and acquired a mortgage from Fulton Bank in the amount of $ 2,476,000 . This mortgage carries interest of LIBOR plus 2.50% per annum ( 2.578% as of December 31, 2021 and 2.575% as of September 30, 2021) and is payable on January 28, 2040 . This loan carries loan covenants similar to covenants on the 2,314,141 and $ 2,339,114 , respectively. Paycheck Protection Program Loans In April and May of 2020, and January and April of 2021, the Company and its subsidiaries applied for and were granted $ 6,413,385 in Paycheck Protection Program loans under the CARES Act. These loans bear interest of 2 % and mature in two years. The Company has applied for and received loan forgiveness under the provisions of the CARES Act for $ 6,291,985 . The remaining loan of $ 121,400 is recorded under Paycheck Protection Program Loans on our Condensed Consolidated Balance Sheet as of December 31, 2021, net of the short-term portion of $ 60,700 . The issuing bank determined

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Dec. 31, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 15 – STOCKHOLDERS’ EQUITY Preferred Stock The Company is authorized to issue 10,000,000 0.001 2,029,753 1,935,151 Series 1 Preferred Stock During the three months ended December 31, 2021, 94,602 shares of Series 1 Preferred Stock were issued to pay dividends to holders of Series 1 Preferred Stock. As of December 31, 2021, and September 30, 2021, there were 1,979,753 1,885,151 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. As of December 31, 2021, and September 30, 2021, there were 50,000 Common Stock The Company is authorized to issue 50,000,000 0.001 23,673,210 20,782,194 During the three months ended December 31, 2021, 2,981,016 2,112,500 353,978 821,593

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 16 – SHARE-BASED COMPENSATION For the three months ended December 31, 2021, and 2020, the Company recognized $ 45,371 16,071 314,043 four years

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 17 – COMMITMENTS AND CONTINGENCIES The Company has its corporate headquarters in New York City with a month-to-month lease of 2,500 13,000 The Company’s IS segment owns approximately 25,000 43,000 15,500 4,555 August 31, 2022 The Company’s AT segment leases (i) approximately 6,700 6,453 456,972 February 28, 2024 30,000 seven 28,719 March 31, 2027 9,400 7,329 5,771 March 24, 2031 terminate in 2026

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 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. On January 28, 2022, Christopher C. Moore was dismissed from his position as Chief Financial Officer and Paul J. Wyckoff was appointed Cemtrex’s Interim Chief Financial Officer. On February 2, 2022, the Company invested an additional $ 500,000

INTERIM STATEMENT PRESENTATION

INTERIM STATEMENT PRESENTATION (Policies)	3 Months Ended
	Dec. 31, 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, 2021, of Cemtrex Inc. 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 The condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, Cemtrex Advanced Technologies Inc., Cemtrex Technologies Pvt. Ltd., Cemtrex XR Inc., and Advanced Industrial Services, Inc. and the Company’s majority owned subsidiary Vicon Industries, Inc. and its subsidiary, Vicon
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, 2021, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements. Recently Issued Accounting Standards ASU 2016-13 Measurement of Credit Losses on Financial Instrument is effective for fiscal years beginning after December 15, 2022. This is not expected to apply to the Company as financial instruments giving rise to credit risk are not utilized by the Company. In May 2021, the FASB issued ASU 2021-04, Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40). The new ASU addresses issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options. This amendment is effective for all entities, for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact this new guidance will have on its financial statements The Company does not believe that any other recently issued but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying consolidated financial statements.

LOSS PER COMMON SHARE (Tables)

LOSS PER COMMON SHARE (Tables)	3 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT	SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT 2021 2020 For the three months ended December 31, 2021 2020 Warrants to purchase shares 433,965 433,965 Options 950,000 945,833 Net loss per common share anti-dilutive effect 950,000 945,833

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT INFORMATION	The following tables summarize the Company’s segment information: SCHEDULE OF SEGMENT INFORMATION 2021 2020 For the three months ended December 31, 2021 2020 Revenues from external customers Advanced Technologies $ 5,618,517 $ 4,672,869 Industrial Services 5,053,972 4,163,207 Total revenues $ 10,672,489 $ 8,836,076 Gross profit Advanced Technologies $ 2,439,009 $ 2,346,272 Industrial Services 1,430,185 1,659,198 Total gross profit $ 3,869,194 $ 4,005,470 Operating loss Advanced Technologies $ (3,894,624 ) $ (1,842,346 ) Industrial Services (159,899 ) (203,605 ) Total operating loss $ (4,054,523 ) $ (2,045,951 ) Other income/(expense) Advanced Technologies $ (424,252 ) $ 367,235 Industrial Services (51,048 ) (25,188 ) Total other expense $ (475,300 ) $ 342,047 Depreciation and Amortization Advanced Technologies $ 83,610 $ 115,832 Industrial Services 179,223 244,746 Total depreciation and amortization $ 262,833 $ 360,578 December 31, September 30, 2021 2021 Identifiable Assets Advanced Technologies $ 29,506,121 $ 33,850,496 Industrial Services 17,315,942 19,089,392 Total Assets $ 46,822,063 $ 52,939,888

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF ASSETS	The Company’s fair value assets at December 31, 2021 and September 30, 2021, SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs December 31, (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 14,960 $ - $ - $ 14,960 $ 14,960 $ - $ - $ 14,960 Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs September, 30 (Level 1) (Level 2) (Level 3) 2021 Assets Investment in marketable securities (included in short-term investments) $ 14,981 $ $ $ 14,981 $ 14,981 $ - $ - $ 14,981

ACCOUNTS RECEIVABLE, NET (Table

ACCOUNTS RECEIVABLE, NET (Tables)	3 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE, NET	Accounts receivables, net consist of the following: SCHEDULE OF ACCOUNTS RECEIVABLE, NET December 31, September 30, 2021 2021 Accounts receivable $ 5,821,329 $ 7,989,888 Allowance for doubtful accounts (273,580 ) (178,992 ) Accounts receivables, net, total $ 5,547,749 $ 7,810,896

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	3 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY, NET	Inventory, net, consist of the following: SCHEDULE OF INVENTORY, NET December 31, September 30, 2021 2021 Raw materials $ 2,109,452 $ 1,957,410 Work in progress 947,091 429,871 Finished goods 5,848,146 5,191,007 Inventory, gross 8,904,689 7,578,288 Less: Allowance for inventory obsolescence (1,818,991 ) (1,921,001 ) Inventory –net of allowance for inventory obsolescence $ 7,085,698 $ 5,657,287

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
SUMMARY OF PROPERTY AND EQUIPMENT	Property and equipment are summarized as follows: SUMMARY OF PROPERTY AND EQUIPMENT December 31, September 30, 2021 2021 Land $ 790,373 $ 790,373 Building and leasehold improvements 2,907,109 2,892,900 Furniture and office equipment 515,873 501,885 Computers and software 1,313,816 1,105,681 Machinery and equipment 12,918,350 12,984,959 Property and equipment, gross 18,445,521 18,275,798 Less: Accumulated depreciation (11,708,650 ) (11,536,854 ) Property and equipment, net $ 6,736,871 $ 6,738,944

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Dec. 31, 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 December 31, September 30, 2021 2021 Lease liabilities - current Finance leases $ - $ - Operating leases 789,346 830,791 Lease liabilities - current 789,346 830,791 Lease liabilities - net of current portion Finance leases $ - $ - Operating leases 1,936,270 2,017,408 Lease liabilities - net of current portion $ 1,936,270 $ 2,017,408
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 December 31, 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 2022 - 685,022 685,022 2023 - 704,934 704,934 2024 - 580,667 580,667 2025 - 557,870 557,870 2026 & Thereafter - 661,696 661,696 Undiscounted lease payments - 3,190,189 3,190,189 Amount representing interest - (464,573 ) (464,573 ) Discounted lease payments $ - $ 2,725,616 $ 2,725,616
SCHEDULE OF LEASE COSTS	Additional disclosures of lease data are set forth below: SCHEDULE OF LEASE COSTS Three months ended December 31, 2021 December 31, 2020 Lease costs: Finance lease costs: Depreciation of finance lease assets $ - $ 5,728 Interest on lease liabilities - 27 Operating lease costs: Amortization of right-of-use assets 214,511 186,777 Interest on lease liabilities 24,341 16,636 Total lease cost $ 238,852 $ 209,168 Other information: Cash paid for amounts included in the measurement of lease liabilities: Operating leases $ 122,583 $ 178,228 Finance leases - 14,306 $ 122,583 $ 192,534 Weighted-average remaining lease term - finance leases (months) 0 7 Weighted-average remaining lease term - operating leases (months) 52 48 Weighted-average discount rate - finance leases 3.63 % 3.63 % Weighted-average discount rate - operating leases 6.85 % 6.64 %

ORGANIZATION AND PLAN OF OPER_2

ORGANIZATION AND PLAN OF OPERATIONS (Details Narrative)	Oct. 26, 2022USD ($)	Oct. 26, 2021USD ($)	Oct. 26, 2020USD ($)	Dec. 31, 2021Segments	May 31, 2021USD ($)	Nov. 13, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Number of reportable segments | Segments				2
Contingent consideration					$ 175,428
MasterpieceVR [Member]
Restructuring Cost and Reserve [Line Items]
Equity Method Investment, Underlying Equity in Net Assets						$ 500,000
Installment One [Member]
Restructuring Cost and Reserve [Line Items]
Debt Instrument, Periodic Payment		$ 239,774
Installment Two [Member]
Restructuring Cost and Reserve [Line Items]
Debt Instrument, Periodic Payment	$ 200,000
Virtual Driver Interactive [Member]
Restructuring Cost and Reserve [Line Items]
Purchase price of acquisition			$ 1,339,774
Contingent consideration			175,428
Payments to Acquire Businesses, Gross			900,000
Notes Payable			$ 439,774
Debt Instrument, Interest Rate, Stated Percentage			5.00%
Virtual Driver Interactive [Member] | Proprietary Software [Member]
Restructuring Cost and Reserve [Line Items]
Purchase price of acquisition			$ 876,820
Virtual Driver Interactive [Member] | Inventory [Member]
Restructuring Cost and Reserve [Line Items]
Purchase price of acquisition			39,992
Virtual Driver Interactive [Member] | Goodwill [Member]
Restructuring Cost and Reserve [Line Items]
Purchase price of acquisition			$ 598,391

SCHEDULE OF COMPUTATION OF DILU

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT (Details) - shares	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss per common share anti-dilutive effect	433,965	433,965
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss per common share anti-dilutive effect	950,000	945,833

SCHEDULE OF SEGMENT INFORMATION

SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 10,672,489	$ 8,836,076
Total gross profit	3,869,194	4,005,470
Total operating loss	(4,054,523)	(2,045,951)
Total other expense	(475,300)	342,047
Total depreciation and amortization	262,833	360,578
Total Assets	46,822,063		$ 52,939,888
Advanced Technologies [Member]
Segment Reporting Information [Line Items]
Total revenues	5,618,517	4,672,869
Total gross profit	2,439,009	2,346,272
Total operating loss	(3,894,624)	(1,842,346)
Total other expense	(424,252)	367,235
Total depreciation and amortization	83,610	115,832
Total Assets	29,506,121		33,850,496
Industrial Services [Member]
Segment Reporting Information [Line Items]
Total revenues	5,053,972	4,163,207
Total gross profit	1,430,185	1,659,198
Total operating loss	(159,899)	(203,605)
Total other expense	(51,048)	(25,188)
Total depreciation and amortization	179,223	$ 244,746
Total Assets	$ 17,315,942		$ 19,089,392

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	3 Months Ended
	Dec. 31, 2021Segments
Segment Reporting [Abstract]
Number of reportable segments	2

SCHEDULE OF FAIR VALUE OF ASSET

SCHEDULE OF FAIR VALUE OF ASSETS (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	$ 14,960	$ 14,981
Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	14,960	14,981
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	14,960	14,981
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	14,960	14,981
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
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

RESTRICTED CASH (Details Narrat

RESTRICTED CASH (Details Narrative) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Restricted Cash
Restricted Cash, Current	$ 1,476,037	$ 1,601,932
Accrued Liabilities	$ 157,415	$ 157,415

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE, NET (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Receivables [Abstract]
Accounts receivable	$ 5,821,329	$ 7,989,888
Allowance for doubtful accounts	(273,580)	(178,992)
Accounts receivables, net, total	$ 5,547,749	$ 7,810,896

SCHEDULE OF INVENTORY, NET (Det

SCHEDULE OF INVENTORY, NET (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 2,109,452	$ 1,957,410
Work in progress	947,091	429,871
Finished goods	5,848,146	5,191,007
Inventory, gross	8,904,689	7,578,288
Less: Allowance for inventory obsolescence	(1,818,991)	(1,921,001)
Inventory –net of allowance for inventory obsolescence	$ 7,085,698	$ 5,657,287

SUMMARY OF PROPERTY AND EQUIPME

SUMMARY OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 18,445,521	$ 18,275,798
Less: Accumulated depreciation	(11,708,650)	(11,536,854)
Property and equipment, net	6,736,871	6,738,944
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	2,907,109	2,892,900
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	515,873	501,885
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,313,816	1,105,681
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 12,918,350	$ 12,984,959

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 262,833	$ 360,578

SUMMARY OF FINANCE AND OPERATIN

SUMMARY OF FINANCE AND OPERATING LEASE LIABILITIES (Details) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Leases
Lease liabilities - current, Finance leases
Lease liabilities - current, Operating leases	789,346	830,791
Lease liabilities - current	789,346	830,791
Lease liabilities - net of current portion, Finance leases
Lease liabilities - net of current portion, Operating leases	1,936,270	2,017,408
Lease liabilities - net of current portion	$ 1,936,270	$ 2,017,408

SCHEDULE OF RECONCILIATION OF U

SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO FINANCE AND OPERATING LEASE LIABILITIES (Details)	Dec. 31, 2021USD ($)
Leases
Finance leases, 2022
Operating Leases, 2022	685,022
Total, 2022	685,022
Finance leases, 2023
Operating Leases, 2023	704,934
Total, 2023	704,934
Finance leases, 2024
Operating Leases, 2024	580,667
Total, 2024	580,667
Finance leases, 2025
Operating Leases, 2025	557,870
Total, 2025	557,870
Finance leases, 2026 & Thereafter
Operating Leases, 2026 & Thereafter	661,696
Total, 2026 & Thereafter	661,696
Finance leases, Undiscounted lease payments
Operating Leases, Undiscounted lease payments	3,190,189
Total, Undiscounted lease payments	3,190,189
Finance leases, Amount representing interest
Operating Leases, Amount representing interest	(464,573)
Total, Amount representing interest	(464,573)
Finance leases, Discounted lease payments
Operating Leases, Discounted lease payments	2,725,616
Total, Discounted lease payments	$ 2,725,616

SCHEDULE OF LEASE COSTS (Detail

SCHEDULE OF LEASE COSTS (Details) - USD ($)	3 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases
Finance lease costs: Depreciation of finance lease assets		$ 5,728
Finance lease costs: Interest on lease liabilities		27
Operating lease costs: Amortization of right-of-use assets	214,511	186,777
Operating lease costs: Interest on lease liabilities	24,341	16,636
Total lease cost	238,852	209,168
Cash paid for amounts included in the measurement of lease liabilities: Operating leases	122,583	178,228
Cash paid for amounts included in the measurement of lease liabilities: Finance leases		14,306
Cash paid for amounts included in the measurement of lease liabilities: Total	$ 122,583	$ 192,534
Weighted-average remaining lease term - finance leases (months)	0 months	7 months
Weighted-average remaining lease term - operating leases (months)	52 months	48 months
Weighted-average discount rate - finance leases	3.63%	3.63%
Weighted-average discount rate - operating leases	6.85%	6.64%

LEASES (Details Narrative)

LEASES (Details Narrative)	3 Months Ended
	Dec. 31, 2021
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]
Operating lease term	2 years
Maximum [Member]
Operating lease term	7 years
Industrial Services [Member]
Finance lease term	3 years

PREPAID AND OTHER CURRENT ASS_2

PREPAID AND OTHER CURRENT ASSETS (Details Narrative) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Prepaid And Other Current Assets
Prepaid Supplies	$ 467,093	$ 298,707
Other Assets, Current	$ 2,260,418	$ 2,286,945

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative) - USD ($)	Dec. 31, 2021	Sep. 30, 2021
Net Investment Income [Line Items]
Other assets	$ 697,624	$ 697,240
Rent security	96,320	84,362
Other assets excluding rent security	101,304	112,878
MasterpieceVR [Member]
Net Investment Income [Line Items]
Other investments	$ 500,000	$ 500,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2021	Feb. 23, 2021	Aug. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2021	Feb. 26, 2021
Related Party Transaction [Line Items]
Accounts Receivable, Related Parties, Current				$ 1,492,321				$ 1,487,155
Research and development expenses				$ 1,311,713	$ 634,225
Incorrectly Handled And Accounted [Member]
Related Party Transaction [Line Items]
Advertising expense						$ 400,000
Intangible assets						5,700,000
Research and development expenses						975,000
Unsubstantiated transfers and advertising expense						7,100,000	$ 7,100,000
Disputes [Member] | Incorrectly Handled And Accounted [Member]
Related Party Transaction [Line Items]
Dispute amount		$ 7,100,000				$ 1,500,000	$ 5,600,000
Griffin Filters LLC [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Description of Transaction				At December 31, 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. The Company is currently negotiating a payment agreement surrounding all these amounts due.
Asset Purchase Agreement [Member] | Griffin Filters LLC [Member] | Ducon Technologies Inc [Member] | Aron Govil [Member]
Related Party Transaction [Line Items]
Business Combination, Consideration Transferred			$ 550,000
Settlement Agreement [Member] | Aron Govil [Member]
Related Party Transaction [Line Items]
Due from related parties									$ 7,100,000
Secured debt									$ 1,533,280
Extinguishment of Debt, Gain (Loss), Net of Tax	$ 3,674,165
Settlement Agreement [Member] | Aron Govil [Member] | Secured Promissory Note [Member]
Related Party Transaction [Line Items]
Debt instrument, principal amount	$ 1,533,280
Debt instrument term	2 years
Debt interest rate	9.00%
Settlement Agreement [Member] | Aron Govil [Member] | Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Stock repurchased during the period	1,000,000
Settlement Agreement [Member] | Aron Govil [Member] | Series C Preferred Stock [Member]
Related Party Transaction [Line Items]
Stock repurchased during the period	50,000
Settlement Agreement [Member] | Aron Govil [Member] | Series 1 Preferred Stock [Member]
Related Party Transaction [Line Items]
Stock repurchased during the period	469,949

LINES OF CREDIT AND LONG-TERM_2

LINES OF CREDIT AND LONG-TERM LIABILITIES (Details Narrative) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Mar. 03, 2020	Jan. 28, 2020	May 02, 2018	May 01, 2018	Dec. 15, 2015	Dec. 31, 2021	Dec. 31, 2020	Apr. 30, 2021	May 31, 2020
Debt Instrument [Line Items]
Repayments of Notes Payable								$ 326,763	$ 1,275,000
Liabilities, Noncurrent	$ 9,731,810							8,364,720
Repayments of Lines of Credit								6,291,985
Short-term Debt	9,977,972							7,591,892
Advanced Industrial Services, Inc [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	2,339,114							2,314,141
[custom:PurchasePrice-0]				$ 3,381,433
Liabilities, Noncurrent				905,433
Term Loan Agreement [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			8.85%
Maturity date			Mar. 30, 2022
Notes Payable	3,604,743		$ 5,600,000					3,529,743
Repayments of Notes Payable			$ 500,000
Paycheck Protection Program [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage										2.00%
[custom:LoanGrantedOnPaycheckProtection-0]											$ 6,413,385
Repayments of Lines of Credit								121,400
Short-term Debt								60,700
Independent Third-party [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		8.00%
Maturity date		Mar. 30, 2022
Unamortized dicount	200,000	$ 600,000						0
Legal Fees		5,000
Proceeds from Notes Payable		4,000,000
Notes Payable	$ 2,256,448							0
Independent Third-party [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 4,605,000
Independent Third Party Two [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Maturity date	Mar. 30, 2023
Unamortized dicount	$ 750,000							625,000
Legal Fees	5,000
Proceeds from Notes Payable	5,000,000
Notes Payable	5,005,000							5,248,855
Independent Third Party Two [Member] | Notes Payable [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount	5,755,000
Advanced Industrial Services, Inc [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment, Principal							$ 5,000,000
Long-term Line of Credit	$ 1,218,680							$ 977,808
Fulton Bank [Member] | Advanced Industrial Services, Inc [Member]
Debt Instrument [Line Items]
Liabilities, Noncurrent				$ 2,476,000
London Interbank Offered Rate (LIBOR) [Member] | Advanced Industrial Services, Inc [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	2.575%			2.50%				2.578%
Maturity date				Jan. 28, 2040
London Interbank Offered Rate (LIBOR) [Member] | Advanced Industrial Services, Inc [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate							2.25%
Debt Instrument, Interest Rate, Stated Percentage	2.325%							2.328%
Maturity date							Dec. 15, 2022
London Interbank Offered Rate (LIBOR) [Member] | New Advanced Industrial Services Inc [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					2.00%
Debt Instrument, Interest Rate, Stated Percentage								2.078%
Fulton Bank [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding							$ 3,500,000
Loans Payable to Bank, Current							$ 5,250,000
Fulton Bank [Member] | Notes Payable Due On May One Two Thousand Twenty Three One [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Current				$ 360,000
Debt Instrument, Interest Rate, Stated Percentage	2.325%							2.328%
Maturity date				May 1, 2023
Long-term Line of Credit	$ 258,060							$ 234,821
Fulton Bank [Member] | New Advanced Industrial Services Inc [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment, Principal					$ 400,000
Debt Instrument, Interest Rate, Stated Percentage	2.075%
Maturity date						May 1, 2023
Long-term Line of Credit	$ 149,914							$ 133,008
Fulton Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	2.075%						2.00%	2.078%
Fulton Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Notes Payable Due On May One Two Thousand Twenty Three One [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate				2.25%

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	Oct. 03, 2019	Dec. 31, 2021	Dec. 31, 2020	Sep. 30, 2021
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		10,000,000		10,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Preferred stock, shares outstanding		2,029,753		1,935,151
Preferred stock, shares issued		2,029,753		1,935,151
Common Stock, Shares Authorized		50,000,000		50,000,000
Common Stock, Par or Stated Value Per Share		$ 0.001		$ 0.001
Common Stock, Shares, Outstanding		23,673,210		20,782,194
Common Stock, Shares, Issued		23,673,210		20,782,194
Accrued interest on notes payable		$ 132,162	$ 126,390
Interest Expense		$ 1,405,469	$ 608,941
Notes Payable [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues		2,981,016
Interest Payable		$ 2,112,500
Accrued interest on notes payable		353,978
Interest Expense		$ 821,593
Series 1 Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		3,000,000		3,000,000
Preferred stock, shares outstanding		1,979,753		1,885,151
Preferred stock, shares issued		1,979,753		1,885,151
Stock Dividends, Shares		94,602
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized	100,000	100,000		100,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001
Preferred stock, shares outstanding		50,000		50,000
Preferred stock, shares issued		50,000		50,000
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.

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Expense		$ 45,371	$ 16,071
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		$ 314,043
Recognized period	4 years

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	3 Months Ended		15 Months Ended
	Dec. 31, 2021USD ($)ft²	Dec. 31, 2021INR (₨)ft²	Dec. 31, 2021GBP (£)ft²
Product Liability Contingency [Line Items]
Area of Land	2,500	2,500	2,500
Payments for Rent | $	$ 13,000
Lessee, Operating 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.	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.
I S Segment [Member] | Manchester [Member]
Product Liability Contingency [Line Items]
Area of Land	25,000	25,000	25,000
I S Segment [Member] | York [Member]
Product Liability Contingency [Line Items]
Area of Land	43,000	43,000	43,000
I S Segment [Member] | Emigsville [Member]
Product Liability Contingency [Line Items]
Area of Land	15,500	15,500	15,500
Payments for Rent | $	$ 4,555
Lease expiration date	Aug. 31, 2022	Aug. 31, 2022
Advanced Technologies [Member]
Product Liability Contingency [Line Items]
Lease expiration date	Mar. 24, 2031	Mar. 24, 2031
Advanced Technologies [Member] | Pune [Member]
Product Liability Contingency [Line Items]
Area of Land	6,700	6,700	6,700
Payments for Rent	$ 6,453	₨ 456,972
Lease expiration date	Feb. 28, 2024	Feb. 28, 2024
Advanced Technologies [Member] | Hauppauge [Member]
Product Liability Contingency [Line Items]
Area of Land	30,000	30,000	30,000
Payments for Rent | $	$ 28,719
Lease expiration date	Mar. 31, 2027	Mar. 31, 2027
Lessee, Operating Lease, Term of Contract	7 years	7 years	7 years
Advanced Technologies [Member] | Hampshire [Member]
Product Liability Contingency [Line Items]
Area of Land	9,400	9,400	9,400
Payments for Rent	$ 7,329		£ 5,771
Lessee, Operating Lease, Description	terminate in 2026	terminate in 2026

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Feb. 02, 2022	Dec. 31, 2021	Sep. 30, 2021
Subsequent Event [Line Items]
Short-term Investments		$ 14,960	$ 14,981
MasterpieceVR [Member] | Simple Agreement For Future Equity [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Short-term Investments	$ 500,000