Cemtrex (CETX) 10-Q 14 May 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Mar. 31, 2024	May 10, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
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	135 Fell Ct
Entity Address, City or Town	Hauppauge
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11788
City Area Code	631
Local Phone Number	756-9116
Title of 12(b) Security	Common Stock
Trading Symbol	CETX
Security Exchange Name	NASDAQ
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		10,652,287

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Current assets
Cash and cash equivalents	$ 2,916,120	$ 5,329,910
Restricted cash	1,172,416	1,019,652
Short-term investments	13,853	13,663
Inventory, net	7,397,747	8,739,219
Contract assets, net	1,979,679	1,739,201
Prepaid expenses and other current assets	1,910,415	2,098,359
Total current assets	28,405,813	29,293,041
Property and equipment, net	8,902,051	9,218,701
Right-of-use operating lease assets	2,193,011	2,287,623
Goodwill	4,381,891	4,381,891
Other	2,161,862	1,836,009
Total Assets	47,246,262	48,453,743
Current liabilities
Sales tax payable	37,487	35,829
Revolving line of credit	4,019,234
Current maturities of long-term liabilities	914,170	14,507,711
Operating lease liabilities - short-term	792,141	741,487
Deposits from customers	207,708	57,434
Accrued expenses	2,676,079	2,784,390
Contract liabilities	1,899,409	980,319
Deferred revenue	1,404,608	1,583,406
Accrued income taxes	404,288	388,627
Total current liabilities	18,105,429	27,344,118
Long-term liabilities
Long-term debt	21,553,920	9,929,348
Long-term operating lease liabilities	1,462,545	1,607,202
Other long-term liabilities	317,093	501,354
Deferred Revenue - long-term	654,617	727,928
Total long-term liabilities	23,988,175	12,765,832
Total liabilities	42,093,604	40,109,950
Commitments and contingencies
Stockholders’ equity
Common stock, $0.001 par value, 50,000,000 shares authorized, 1,055,636 shares issued and outstanding at March 31, 2024 and 1,045,783 shares issued and outstanding at September 30, 2023	1,056	1,046
Additional paid-in capital	68,936,696	68,881,705
Accumulated deficit	(66,806,600)	(64,125,895)
Treasury stock, 136,051 shares of Series 1 Preferred Stock at March 31, 2024 and 64,100 shares of Series 1 Preferred Stock at September 30, 2023	(217,996)	(148,291)
Accumulated other comprehensive income	2,773,784	3,076,706
Total Cemtrex stockholders’ equity	4,689,398	7,687,614
Non-controlling interest	463,260	656,179
Total liabilities and stockholders’ equity	47,246,262	48,453,743
Series 1 Preferred Stock [Member]
Stockholders’ equity
Preferred stock, value	2,408	2,293
Series C Preferred Stock [Member]
Stockholders’ equity
Preferred stock, value	50	50
Nonrelated Party [Member]
Current assets
Trade receivables, net - related party	11,535,880	9,209,695
Current liabilities
Accounts payable - related party	5,741,091	6,196,406
Related Party [Member]
Current assets
Trade receivables, net - related party	1,479,703	1,143,342
Royalties receivable, net - related party	440,049	674,893
Note receivable, net - related party	761,585	761,585
Current liabilities
Accounts payable - related party	$ 9,214	$ 68,509

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Sep. 30, 2023
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	50,000,000	50,000,000
Common stock, shares issued	1,055,636	1,045,783
Common stock shares outstanding	1,055,636	1,045,783
Series 1 Preferred Stock [Member]
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	2,408,053	2,293,016
Preferred stock, shares outstanding	2,272,002	2,228,916
Preferred stock, liquidation value 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 (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 17,159,595	$ 16,073,397	$ 34,037,761	$ 28,043,639
Cost of revenues	10,220,179	8,734,916	20,015,946	15,662,543
Gross profit	6,939,416	7,338,481	14,021,815	12,381,096
Operating expenses
General and administrative	7,020,157	5,318,267	13,992,123	10,482,605
Research and development	951,400	1,615,341	1,800,205	3,445,054
Total operating expenses	7,971,557	6,933,608	15,792,328	13,927,659
Operating (loss)/income	(1,032,141)	404,873	(1,770,513)	(1,546,563)
Other (expense)/income
Other income/(expense), net	144,765	376,504	223,176	359,421
Interest expense	(592,804)	(1,335,138)	(1,176,487)	(2,463,372)
Total other (expense)/income, net	(448,039)	(958,634)	(953,311)	(2,103,951)
Net loss before income taxes	(1,480,180)	(553,761)	(2,723,824)	(3,650,514)
Income tax expense	(100,004)		(170,755)
Loss from Continuing operations	(1,580,184)	(553,761)	(2,894,579)	(3,650,514)
Income/(loss) from discontinued operations, net of tax	10,463	14,232	20,955	(3,225,389)
Net loss	(1,569,721)	(539,529)	(2,873,624)	(6,875,903)
Less (loss)/income in noncontrolling interest	(96,510)	55,265	(192,919)	(3,898)
Net loss attributable to Cemtrex, Inc. stockholders	$ (1,473,211)	$ (594,794)	$ (2,680,705)	$ (6,872,005)
(Loss)/income per share - Basic & Diluted
Continuing Operations Income Loss per share - Basic	$ (1.46)	$ (0.82)	$ (2.62)	$ (4.70)
Continuing Operations Income Loss per share - Diluted	(1.46)	(0.82)	(2.62)	(4.70)
Discontinued Operations Income Loss per share - Basic	0.01	0.02	0.02	(4.09)
Discontinued Operations Income Loss per share - Diluted	$ 0.01	$ 0.02	$ 0.02	$ (4.09)
Weighted Average Number of Shares - Basic	1,055,636	815,498	1,051,630	788,265
Weighted Average Number of Shares - Diluted	1,055,636	815,498	1,051,630	788,265

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Other comprehensive loss
Net loss	$ (1,569,721)	$ (539,529)	$ (2,873,624)	$ (6,875,903)
Foreign currency translation loss	(530,686)	(317,218)	(302,922)	(93,649)
Comprehensive loss	(2,100,407)	(856,747)	(3,176,546)	(6,969,552)
Less comprehensive income/(loss) attributable to noncontrolling interest	96,510	(55,265)	192,919	3,898
Comprehensive loss attributable to Cemtrex, Inc. stockholders	$ (2,196,917)	$ (801,482)	$ (3,369,465)	$ (6,973,450)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member] Series 1 Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Preferred [Member]	AOCI Attributable to Parent [Member]	Total	Noncontrolling Interest [Member]
Balance, value at Sep. 30, 2022	$ 2,079	$ 50	$ 755	$ 66,641,698	$ (54,929,020)	$ (148,291)	$ 2,377,525	$ 13,944,796	$ 692,742
Balance, shares at Sep. 30, 2022	2,079,122	50,000	754,711
Foreign currency translation loss							223,569	223,569
Share-based compensation				39,842				39,842
Dividends paid in Series 1 preferred shares	$ 104			(104)
Dividends paid in Series 1 preferred shares, shares	104,341
Income attributable to noncontrolling interest									(59,163)
Shares issued to pay for services, shares								9,853
Net loss					(6,277,211)			$ (6,277,211)
Shares issued to pay notes payable			$ 39	232,106				232,145
Shares issued to pay notes payable, shares			39,016
Balance, value at Dec. 31, 2022	$ 2,183	50	$ 794	66,913,542	(61,206,231)	(148,291)	2,601,094	8,163,141	633,579
Balance, shares at Dec. 31, 2022	2,183,463		793,727
Balance, value at Sep. 30, 2022	$ 2,079	$ 50	$ 755	66,641,698	(54,929,020)	(148,291)	2,377,525	13,944,796	692,742
Balance, shares at Sep. 30, 2022	2,079,122	50,000	754,711
Net loss								(6,872,005)
Balance, value at Mar. 31, 2023	$ 2,183	$ 50	$ 828	67,042,743	(61,801,025)	(148,291)	2,283,876	7,380,364	688,844
Balance, shares at Mar. 31, 2023	2,183,463	50,000	828,570
Balance, value at Dec. 31, 2022	$ 2,183	$ 50	$ 794	66,913,542	(61,206,231)	(148,291)	2,601,094	8,163,141	633,579
Balance, shares at Dec. 31, 2022	2,183,463		793,727
Foreign currency translation loss							(317,218)	(317,218)
Share-based compensation				26,735				26,735
Income attributable to noncontrolling interest									55,265
Shares issued to pay for services			$ 15	102,485				102,500
Shares issued to pay for services, shares			15,529
Net loss					(594,794)			(594,794)
Additional rounding shares issued for reverse stock split			$ 19	(19)
Additional rounding shares issued for reverse stock split, shares			19,314
Balance, value at Mar. 31, 2023	$ 2,183	$ 50	$ 828	67,042,743	(61,801,025)	(148,291)	2,283,876	7,380,364	688,844
Balance, shares at Mar. 31, 2023	2,183,463	50,000	828,570
Balance, value at Sep. 30, 2023	$ 2,293	$ 50	$ 1,046	68,881,705	(64,125,895)	(148,291)	3,076,706	7,687,614	656,179
Balance, shares at Sep. 30, 2023	2,293,016	50,000	1,045,783
Foreign currency translation loss							227,764	227,764
Share-based compensation				7,558				7,558
Dividends paid in Series 1 preferred shares	$ 115			(115)
Dividends paid in Series 1 preferred shares, shares	115,037
Income attributable to noncontrolling interest									(96,409)
Shares issued to pay for services			$ 10	39,990				40,000
Net loss					(1,207,494)			(1,207,494)
Balance, value at Dec. 31, 2023	$ 2,408	$ 50	$ 1,056	68,929,138	(65,333,389)	(148,291)	3,304,470	6,755,442	559,770
Balance, shares at Dec. 31, 2023	2,408,053	50,000	1,055,636
Balance, value at Sep. 30, 2023	$ 2,293	$ 50	$ 1,046	68,881,705	(64,125,895)	(148,291)	3,076,706	7,687,614	656,179
Balance, shares at Sep. 30, 2023	2,293,016	50,000	1,045,783
Shares issued to pay for services								$ 40,000
Shares issued to pay for services, shares								9,853
Net loss								$ (2,680,705)
Balance, value at Mar. 31, 2024	$ 2,408	$ 50	$ 1,056	68,936,696	(66,806,600)	(217,996)	2,773,784	4,689,398	463,260
Balance, shares at Mar. 31, 2024	2,408,053	50,000	1,055,636
Balance, value at Dec. 31, 2023	$ 2,408	$ 50	$ 1,056	68,929,138	(65,333,389)	(148,291)	3,304,470	6,755,442	559,770
Balance, shares at Dec. 31, 2023	2,408,053	50,000	1,055,636
Foreign currency translation loss							(530,686)	(530,686)
Share-based compensation				7,558				7,558
Income attributable to noncontrolling interest									(96,510)
Shares issued to pay for services
Net loss					(1,473,211)			(1,473,211)
Purchase of treasury stock						(69,705)		(69,705)
Balance, value at Mar. 31, 2024	$ 2,408	$ 50	$ 1,056	$ 68,936,696	$ (66,806,600)	$ (217,996)	$ 2,773,784	$ 4,689,398	$ 463,260
Balance, shares at Mar. 31, 2024	2,408,053	50,000	1,055,636

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net loss	$ (2,873,624)	$ (6,875,903)
Adjustments to reconcile net loss to net cash used by operating activities
Depreciation and amortization	673,190	448,388
Gain on disposal of property  and equipment		64,908
Noncash lease expense	389,125	420,411
Bad debt expense	35,213	(1,543)
Share-based compensation	15,116	66,577
Income tax expense	(96,750)
Interest expense paid in equity shares		32,145
Accounts payable paid in equity shares	40,000	102,500
Accrued interest on notes payable	657,355	1,290,615
Non-cash royalty income	(26,564)
Gain/(loss) on marketable securities	(190)	58
Amortization of original issue discounts on notes payable		883,467
Amortization of loan origination costs	36,267
Changes in operating assets and liabilities net of effects from acquisition of subsidiaries:
Trade receivables	(2,317,074)	(1,870,729)
Trade receivables - related party	(178,980)	(408,464)
Inventory	1,341,472	(73,209)
Contract assets	(240,478)	(12,597)
Prepaid expenses and other current assets	483,043	(141,562)
Other assets	(225,853)	(185,165)
Accounts payable	(455,315)	256,584
Accounts payable - related party	408	(15,765)
Sales tax payable	1,658	90,204
Operating lease liabilities	(388,516)	(356,176)
Deposits from customers	150,274	1,618
Accrued expenses	(108,311)	701,414
Contract liabilities	919,090	554,966
Deferred revenue	(252,109)	(86,106)
Income taxes payable	(146,422)	(37,698)
Other liabilities	(184,261)	(231,998)
Net cash used by operating activities - continuing operations	(2,752,236)	(5,383,060)
Net cash provided by operating activities - discontinued operations		2,488,144
Net cash used by operating activities	(2,752,236)	(2,894,916)
Cash Flows from Investing Activities
Purchase of property and equipment	(355,308)	(263,732)
Proceeds from sale of property and equipment		11,026
Investment in MasterpieceVR	(100,000)
Net cash used by investing activities	(455,308)	(252,706)
Cash Flows from Financing Activities
Proceeds on revolving line of credit	19,360,672
Payments on revolving line of credit	(15,413,971)
Payments on debt	(2,429,743)	(544,370)
Payments on Paycheck Protection Program Loans	(20,242)	(10,033)
Proceeds on bank loans	28,331
Payments on bank loans	(204,802)	(365,724)
Purchases of treasury stock	(69,705)
Net cash provided by/(used by) financing activities	1,250,540	(920,127)
Effect of currency translation	(304,022)	(126,593)
Net decrease in cash, cash equivalents, and restricted cash	(1,957,004)	(4,067,749)
Cash, cash equivalents, and restricted cash at beginning of period	6,349,562	11,473,676
Cash, cash equivalents, and restricted cash at end of period	4,088,536	7,279,334
Balance Sheet Accounts Included in Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	2,916,120	6,634,037
Restricted cash	1,172,416	645,297
Total cash, cash equivalents, and restricted cash	4,088,536	7,279,334
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	482,865	257,145
Cash paid during the period for income taxes, net of refunds	146,422	37,698
Supplemental Schedule of Non-Cash Investing and Financing Activities
Shares issued to pay notes payable		232,145
Financing of fixed asset purchase	28,331
Investment in right of use asset	$ 294,513	$ 76,506

ORGANIZATION AND PLAN OF OPERAT

ORGANIZATION AND PLAN OF OPERATIONS	6 Months Ended
	Mar. 31, 2024
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 company. 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’s reporting segments consist of Security and Industrial Services. Additionally, the Company’s operational structure also reports unallocated corporate expenses. Security Cemtrex’s Security segment operates under the brand of its majority owned subsidiary, Vicon Industries, Inc. (“Vicon”), 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 innovative, mission critical security and video surveillance solutions utilizing Artificial Intelligence (AI) based data algorithms. Industrial Services Cemtrex’s Industrial Services segment operates under the brand, Advanced Industrial Services (“AIS”), which offers single-source expertise and services for rigging, millwrighting, in plant maintenance, equipment erection, relocation, and disassembly to diversified customers. AIS installs high precision equipment in a wide variety of industrial markets like automotive, printing & graphics, industrial automation, packaging, and chemicals, among others. AIS is a leading provider of reliability-driven maintenance and contracting solutions for 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 Heisey Mechanical On July 1, 2023, the Company under AIS, completed the acquisition of a leading service contractor and steel fabricator that specializes in industrial and water treatment markets, Heisey Mechanical, Ltd. (“Heisey”) based in Columbia, Pennsylvania for $ 2,400,000 393,291 1,500,000 Heisey provides the water treatment industry with a variety of fabricated vessels and equipment including ASME pressure vessels, heat exchangers, mix tanks, reactors, and other specialized fabricated equipment. Additionally, the contracting team assists with installation and service of fabricated items. The company has over 33,000 The purchase price allocation presented below is still preliminary but has been developed based on an estimate of fair values of Heisey’s identifiable tangible and intangible assets acquired and liabilities assumed as of July 1, 2023. The final allocation of the purchase price will be determined within one year from the closing date of the Heisey acquisition. The consideration transferred and preliminary allocation of Heisey’s tangible and intangible assets and liabilities, are as follows: SCHEDULE OF BUSINESS ACQUISITION OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES Consideration Transferred: Cash $ 393,291 Seller’s note 240,000 Financed amount 2,160,000 Total consideration transferred $ 2,793,291 Purchase Price Allocation: Inventory 300,000 Contract assets 667,259 Machinery and equipment 1,625,000 Contract liabilities (216,469 ) Accrued expenses (57,499 ) Goodwill 475,000 Total consideration transferred $ 2,793,291 The pro forma summary below presents the results of operations as if the Heisey acquisition occurred on October 1, 2022. Proforma adjustments for the three months ended March 31, 2023, includes $ 63,900 32,460 41,331 127,800 65,860 34,433 SCHEDULE OF PRO FORMA FINANCIAL INFORMATION March 31, 2023 March 31, 2023 Unaudited for the for the March 31, 2023 March 31, 2023 Revenues $ 19,369,100 $ 32,542,938 Net gain/(loss) 41,272 (6,392,032 ) On August 30, 2023, the Company acquired a mortgage in the amount of $ 1,200,000 2.8% September 30, 2043 Nasdaq Notices for Listing Deficiencies On July 29, 2022, the Company received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, because the closing bid price for the Company’s Series 1 Preferred Stock listed on Nasdaq was below $ 1.00 1.00 On January 5, 2024 and January 12, 2024, the Company bought back an aggregate of 71,951 69,705 Going Concern Considerations The accompanying condensed consolidated financial statements of the Company have been prepared assuming the Company will continue as a going concern and in accordance with generally accepted accounting principles in the United States of America. The going concern basis of presentation assumes that the Company will continue in operation one year after the date these financial statements are issued and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. Pursuant to the requirements of the ASC 205, management must evaluate whether there are conditions or events, considered in the aggregate, which raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date these financial statements are issued. This evaluation does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented or are not within control of the Company as of the date the financial statements are issued. When substantial doubt exists under this methodology, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued, and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The Company has incurred substantial losses of $ 9,196,875 13,020,958 2,894,579 18,105,429 10,300,384 While current debt indicates a substantial doubt regarding the Company’s ability to continue as a going concern, the Company has historically, from time to time, satisfied and may continue to satisfy certain short-term liabilities through the issuance of common stock, thus reducing our cash requirement to meet our operating needs. The Company has $ 2,916,120 980,766 10,035,000 4,000,000 50 In the event additional capital is raised through equity offerings and/or debt is satisfied with equity, it may have a dilutive effect on our existing stockholders. While the Company believes these plans if successful, would be sufficient to meet the capital demands of our current operations for at least the next twelve months, there is no guarantee that we will succeed. Overall, there is no guarantee that cash flow from our existing or future operations and any external capital that we may be able to raise will be sufficient to meet our working capital needs. As of March 31, 2024, the Company did not have adequate cash or available liquidity/available capacity on our lines of credit to meet our short or long-term needs. With the subsequent public offering, the Company has the ability to meet its debt obligations for the next twelve months. The condensed consolidated financial statements do not include any adjustments relating to this uncertainty.

INTERIM STATEMENT PRESENTATION

INTERIM STATEMENT PRESENTATION	6 Months Ended
	Mar. 31, 2024
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, 2023, of Cemtrex, Inc. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“U.S. 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. 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, 2023, includes a summary of the significant accounting policies used in the preparation of the condensed consolidated financial statements. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“Update 2016-13”). Update 2016-13 replaced the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including but not limited to trade receivables. For public business entities, the new standard became effective for annual reporting periods beginning after December 15, 2022, including interim periods within that reporting period. On October 1, 2023, the Company implemented this standard and there has been no material change to the condensed consolidated financial statements. The following table illustrates the effect of implementation of Update 2016-13 on the condensed consolidated balance sheet: SCHEDULE OF EFFECT IMPLEMENTATION ON CONDENSED CONSOLIDATED BALANCE SHEET Assets: October 1, 2023 As reported under ASC 326 September 30, 2023 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade receivables, net $ 234,924 $ 234,924 $ - Contract assets, net $ 8,696 $ - $ 8,696 Royalties receivable, net - related party $ 10,000 $ - $ 10,000 Note receivable, net - related party $ 44,761 $ 44,761 $ - The Company estimates credit losses associated with our accounts receivable portfolio segment using an expected credit loss model, which utilizes an aging schedule methodology based on historical information and adjusted for asset-specific considerations, current economic conditions and reasonable and supportable forecasts. The Company will utilize the Probability-of-default method for financing receivables and loans. Expected credit losses are determined by multiplying the probability of default (i.e., the probability the asset will default within the given time frame) by the loss given default (the percentage of the asset not expected to be collected because of default). The Company considers sources of repayment associated with a financial asset when determining its credit losses, including collection against the collateral and certain embedded credit enhancements, such as guarantees or insurance. The allowance for credit losses was immaterial as of March 31, 2024. The following table illustrates the current expected credit losses activity for the six months ended March 31, 2024: SCHEDULE OF EXPECTED CREDIT LOSSES ACTIVITY As of October 1, 2023 For the six months ended March 31, 2024 As of March 31, 2024 Assets: Trade receivables, net $ 234,924 $ (9,111 ) $ 225,813 Trade receivables, net - related party $ - $ - $ - Trade receivables, net - - - Contract assets, net $ 8,696 $ 27,660 $ 36,356 Royalties receivable, net - related party $ 10,000 $ - $ 10,000 Note receivable, net - related party $ 44,761 $ 20,047 $ 64,808 Recently Issued Accounting Pronouncements Not Yet Effective On June 30, 2022, the FASB issued ASU 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”), which (1) clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to a contractual sale restriction and (2) requires specific disclosures related to such an equity security. Under current guidance, stakeholders have observed diversity in practice related to whether contractual sale restrictions should be considered in the measurement of the fair value of equity securities that are subject to such restrictions. On the basis of interpretations of existing guidance and the current illustrative example in ASC 820-10-55-52 of a restriction on the sale of an equity instrument, some entities use a discount for contractual sale restrictions when measuring fair value, while others view the application of such a discount to be inconsistent with the principles of ASC 820. To reduce the diversity in practice and increase the comparability of reported financial information, ASU 2022-03 clarifies this guidance and amends the illustrative example. ASU No. 2022-03 is effective for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact of this ASU on the condensed consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which enhances the disclosures required for operating segments in the Company’s annual and interim consolidated financial statements. ASU 2023-07 is effective for the Company for annual reporting for fiscal 2025 and for interim period reporting beginning in fiscal 2026 on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of our pending adoption of ASU 2023-07 on the condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is required to adopt this standard prospectively in fiscal year 2026 for the annual reporting period ending September 30, 2026. The Company is currently in the process of evaluating the impact of adoption on the condensed consolidated 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 condensed consolidated financial statements.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	NOTE 3 – DISCONTINUED OPERATIONS On November 22, 2022, the Company entered into two Asset Purchase Agreements and one Simple Agreement for Future Equity (“SAFE”) with the Company’s CEO, Saagar Govil, to secure the sale of the subsidiaries Cemtrex Advanced Technologies, Inc, which include the brand SmartDesk, and Cemtrex XR, Inc., which include the brands Cemtrex XR, Virtual Driver Interactive, Bravo Strong, and good tech (formerly Cemtrex Labs), to Mr. Govil. Due to the on-going losses and risk associated with the SmartDesk business the Company has valued the royalty and SAFE agreement associated with the SmartDesk sale at $ 0 Based on sales projections for Cemtrex XR, Inc., the Company does not believe that it will exceed the sales levels required to exceed the $ 820,000 ASC 310 – Receivables, 13,282 26,563 17,709 The following table summarizes the loss on the sale recorded during the three months ended December 31, 2022, included in Income/(loss) from discontinued operations, net of tax in the accompanying condensed consolidated statement of operations: SUMMARY OF LOSS ON SALE Purchase Price $ 745,621 Less cash and cash equivalents transferred (699,423 ) Less liabilities assumed (10,924 ) Net purchase price $ 35,274 Assets Sold Accounts receivable, net $ 625,638 Inventory, net 980,730 Prepaid expenses and other assets 502,577 Property and equipment, net 837,808 Goodwill 598,392 Total Assets Sold 3,545,145 Liabilities Transferred Accounts payable 370,774 Short-term liabilities 364,775 Long-term liabilities 318,981 Total Liabilities Transferred 1,054,530 Net assets sold $ 2,490,615 Pretax loss on sale of Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc.Companies $ (2,455,341 ) As of March 31, 2024, and September 30, 2023, there were no assets or liabilities included within discontinued operations on the Company’s Condensed Consolidated Balance Sheets. During the first quarter of fiscal 2023, Vicon completed the closure of its discontinued operating entity Vicon Systems, Ltd. located in Israel. The Company received funds related to benefit obligations of $ 96,095 7,010 89,085 Income/(loss)from discontinued operations, net of tax and the loss on sale of discontinued operations, net of tax, of Cemtrex Advanced Technologies, Inc. and Cemtrex XR, Inc., sold during the first quarter of fiscal year 2023, which are presented in total as discontinued operations, net of tax in the Company’s Condensed Consolidated Statements of Operations for the three and six month periods ended March 31, 2024 and 2023, are as follows: SCHEDULE OF FINANCIAL STATEMENTS INCLUDED WITHIN DISCONTINUED OPERATIONS 2024 2023 2024 2023 Three months ended March 31, Six months ended March 31, 2024 2023 2024 2023 Total net sales $ - $ - $ - $ 649,061 Cost of sales - - - 228,086 Operating, selling, general and administrative expenses 39 492 39 1,296,064 Other (income)/expenses - - - 3,195 Income (loss) from discontinued operations (39 ) (492 ) (39 ) (878,284 ) Amortization of discounted royalties 13,282 14,724 26,564 19,151 Loss on sale of discontinued operations - - - (2,455,341 ) Adjustment of benefit obligation - - - 89,085 Income tax provision 2,780 - 5,570 - Discontinued operations, net of tax $ 10,463 $ 14,232 $ 20,955 $ (3,225,389 )

REVENUE

REVENUE	6 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	NOTE 4 – REVENUE The following table illustrates the approximate disaggregation of the Company’s revenue based off timing of revenue recognition for the three and six months ended March 31, 2024 and 2023: SCHEDULE OF DISAGGREGATION OF REVENUE RECOGNITION March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 For the three months ended For the six months ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Over time 58 % 46 % 55 % 48 % Point-in-time 42 % 54 % 45 % 52 %

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE	6 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
LOSS PER COMMON SHARE	NOTE 5 – 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 six months ended March 31, 2024, and 2023, 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 2024 2023 2024 2023 For the six months ended For the three months ended March 31, March 31, 2024 2023 2024 2023 Options 28,796 28,796 28,796 28,796 For the three and six months ended March 31, 2024 and 2023, loss per share basic and diluted for continuing operations are calculated as follows: SCHEDULE OF LOSS PER SHARE BASIC AND DILUTED FOR CONTINUING OPERATION 2024 2023 2024 2023 For the three months For the six months March 31, March 31, 2024 2023 2024 2023 Loss from Continuing operations $ (1,580,184 ) $ (553,761 ) $ (2,894,579 ) $ (3,650,514 ) Less (loss)/gain in noncontrolling interest (96,510 ) 55,265 (192,919 ) (3,898 ) Preferred stock dividends 52,515 58,720 52,515 58,720 Net loss applicable to common shareholders (1,536,189 ) (667,746 ) (2,754,175 ) (3,705,336 ) Weighted Average Number of Shares-Basic & Diluted 1,055,636 815,498 1,051,630 788,265 Loss per share - Basic & Diluted - Continuing Operations $ (1.46 ) $ (0.82 ) $ (2.62 ) $ (4.70 )

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 6 – SEGMENT INFORMATION The Company reports and evaluates financial information for two The following tables summarize the Company’s reportable segment information and unallocated corporate expenses: SCHEDULE OF SEGMENT INFORMATION Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Three months ended March 31, 2024 Three months ended March 31, 2023 Reportable Segments Reportable Segments Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Revenues $ 8,084,932 $ 9,074,663 $ - $ 17,159,595 $ 9,913,898 $ 6,159,499 $ - $ 16,073,397 Cost of revenues 3,971,963 6,248,216 - 10,220,179 4,793,817 3,941,099 - 8,734,916 Gross profit $ 4,112,969 $ 2,826,447 $ - $ 6,939,416 $ 5,120,081 $ 2,218,400 $ - $ 7,338,481 Operating expenses Sales, general, and administrative 3,833,596 1,897,269 984,403 6,715,268 2,965,659 1,336,313 807,242 5,109,214 Depreciation and amortization 71,260 233,629 - 304,889 31,543 157,385 20,125 209,053 Research and development 951,400 - - 951,400 1,615,341 - - 1,615,341 Operating income/(loss) $ (743,287 ) $ 695,549 $ (984,403 ) $ (1,032,141 ) 507,538 724,702 (827,367 ) 404,873 Other income/(expense) $ (138,633 ) $ (78,289 ) $ (231,117 ) $ (448,039 ) $ 337,191 $ (29,866 ) $ (1,265,959 ) $ (958,634 ) Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Six months ended March 31, 2024 Six months ended March 31, 2023 Reportable Segments Reportable Segments Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Revenues $ 17,252,733 $ 16,785,028 $ - $ 34,037,761 $ 16,918,642 $ 11,124,997 $ - $ 28,043,639 Cost of revenues 8,622,817 11,393,129 - 20,015,946 8,394,871 7,267,672 - 15,662,543 Gross profit $ 8,629,916 $ 5,391,899 $ - $ 14,021,815 $ 8,523,771 $ 3,857,325 $ - $ 12,381,096 Operating expenses General, and administrative 8,161,224 3,426,532 1,731,177 13,318,933 5,715,088 2,525,178 1,793,951 10,034,217 Depreciation and amortization 199,412 473,778 - 673,190 71,203 324,906 52,279 448,388 Research and development 1,800,205 - - 1,800,205 3,445,054 - - 3,445,054 Operating (loss)/income $ (1,530,925 ) $ 1,491,589 $ (1,731,177 ) $ (1,770,513 ) $ (707,574 ) $ 1,007,241 $ (1,846,230 ) $ (1,546,563 ) Other income/(expense) $ (272,894 ) $ (186,433 ) $ (493,984 ) $ (953,311 ) $ 224,792 $ (61,426 ) $ (2,267,317 ) $ (2,103,951 ) Unallocated corporate expenses mainly relate to payroll and benefits for corporate officers, investor relation expenses, accounting expenses related audit and taxes, legal expenses related to corporate matters, and interest expense on notes payable.

RESTRICTED CASH

RESTRICTED CASH	6 Months Ended
	Mar. 31, 2024
Cash and Cash Equivalents [Abstract]
RESTRICTED CASH	NOTE 7 – 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 $ 1,072,416 919,652 100,000

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 8 – 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. The Company measures 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 March 31, 2024, and September 30, 2023, are as follows. SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs March 31, (Level 1) (Level 2) (Level 3) 2024 Assets Investment in marketable securities (included in short-term investments) $ 13,853 $ - $ - $ 13,853 $ 13,853 $ - $ - $ 13,853 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) 2023 Assets Investment in marketable securities (included in short-term investments) $ 13,663 $ - $ - $ 13,663 $ 13,663 $ - $ - $ 13,663

TRADE RECEIVABLES, NET

TRADE RECEIVABLES, NET	6 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
TRADE RECEIVABLES, NET	NOTE 9 – TRADE RECEIVABLES, NET Trade receivables, net consist of the following: SCHEDULE OF TRADE RECEIVABLES, NET March 31, September 30, 2024 2023 Trade receivables $ 11,761,693 $ 9,444,619 Allowance for credit losses (225,813 ) (234,924 ) Accounts receivables, net, total $ 11,535,880 $ 9,209,695 Trade receivables include amounts due for shipped products and services rendered. Allowance for credit losses include estimated losses resulting from the inability of our customers to make the required payments.

PREPAID EXPENSES AND OTHER CURR

PREPAID EXPENSES AND OTHER CURRENT ASSETS	6 Months Ended
	Mar. 31, 2024
Prepaid Expenses And Other Current Assets
PREPAID EXPENSES AND OTHER CURRENT ASSETS	NOTE 10 – PREPAID EXPENSES AND OTHER CURRENT ASSETS Prepaid expenses and other current assets consist of the following: SUMMARY OF PREPAID AND OTHER CURRENT ASSETS March 31, 2024 September 30, 2023 Prepaid expenses $ 838,980 $ 521,310 Prepaid inventory 498,631 1,084,051 Deferred costs 83,502 25,941 Loan origination costs 36,267 - Prepaid income taxes 428,193 168,555 VAT and GST tax receivable 24,842 298,502 Prepaid expenses and other current assets total $ 1,910,415 $ 2,098,359

INVENTORY, NET

INVENTORY, NET	6 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
INVENTORY, NET	NOTE 11 – INVENTORY, NET Inventory, net consisted of the following: SCHEDULE OF INVENTORY, NET March 31, September 30, 2024 2023 Raw materials $ 797,943 $ 885,398 Work in progress 304,563 109,019 Finished goods 6,295,241 7,744,802 Inventory, net 7,397,747 8,739,219 The Company maintained an allowance for obsolete inventories of $ 502,577 618,021

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 12 – PROPERTY AND EQUIPMENT Property and equipment are summarized as follows: SUMMARY OF PROPERTY AND EQUIPMENT March 31, September 30, 2024 2023 Land $ 945,279 $ 945,279 Building and leasehold improvements 4,372,598 4,362,062 Furniture and office equipment 597,198 579,700 Computers and software 1,333,135 1,333,135 Machinery and equipment 12,806,142 12,488,639 Property and equipment, gross 20,054,352 19,708,815 Less: Accumulated depreciation (11,152,301 ) (10,490,114 ) Property and equipment, net $ 8,902,051 $ 9,218,701 Depreciation expense for the three and six months ended March 31, 2024 and 2023, was $ 304,889 673,190 209,053 448,388

GOODWILL

GOODWILL	6 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	NOTE 13 – GOODWILL Changes in the carrying amount of goodwill, by segment, are as follows: SCHEDULE OF GOODWILL BY SEGMENT Security Industrial Services Consolidated Balance at September 30, 2023 $ 530,475 $ 3,851,416 $ 4,381,891 Balance at March 31, 2024 $ 530,475 $ 3,851,416 $ 4,381,891 As of March 31, 2024, and September 30, 2023, accumulated impairment losses of $ 3,316,000

OTHER ASSETS

OTHER ASSETS	6 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	NOTE 14 – OTHER ASSETS On November 13, 2020, Cemtrex made a $ 500,000 500,000 100,000 No Other assets consisted of the following: SCHEDULE OF OTHER ASSETS March 31, 2024 September 30, 2023 Rental deposits $ 213,770 $ 198,641 Investment in Masterpiece VR 1,200,000 1,100,000 Other deposits 305,117 167,808 Demonstration equipment supplied to resellers 442,975 369,560 Other assets total $ 2,161,862 $ 1,836,009

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	NOTE 15 – ACCRUED EXPENSES Accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES March 31, 2024 September 30, 2023 Accrued expenses $ 489,603 $ 319,211 Accrued payable on inventory in transit 846,823 1,154,254 Accrued payroll 1,116,951 1,088,223 Accrued warranty 222,702 222,702 Accrued expenses total $ 2,676,079 $ 2,784,390

DEFERRED REVENUE

DEFERRED REVENUE	6 Months Ended
	Mar. 31, 2024
Deferred Revenue
DEFERRED REVENUE	NOTE 16 – DEFERRED REVENUE The Company’s deferred revenue as of and for the three and six months ended March 31, 2024, and 2023, were as follows: SCHEDULE OF DEFERRED REVENUE For the three months ended For the six months ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Deferred revenue at beginning of period $ 2,256,352 $ 1,693,021 $ 2,311,334 $ 1,824,534 Net additions: Deferred software revenues 487,413 580,752 1,147,383 1,008,169 Recognized as revenue: Deferred software revenues (684,540 ) (558,775 ) (1,399,492 ) (1,117,705 ) Deferred revenue at end of period 2,059,225 1,714,998 2,059,225 1,714,998 Less: current portion 1,404,608 581,193 1,404,608 581,193 Long-term deferred revenue at end of period $ 654,617 $ 1,133,805 $ 654,617 $ 1,133,805 For the three and six months ended March 31, 2024 and 2023, the Company recognized revenue of $ 608,808 483,296 1,043,281 963,674

CONTRACT ASSETS AND LIABILITIES

CONTRACT ASSETS AND LIABILITIES	6 Months Ended
	Mar. 31, 2024
Contract Assets And Liabilities
CONTRACT ASSETS AND LIABILITIES	NOTE 17 – CONTRACT ASSETS AND LIABILITIES Project contracts typically provide for a schedule of billings on percentage of completion of specific tasks inherent in the fulfillment of the Company’s performance obligation(s). The schedules for such billings usually do not precisely match the schedule on which costs are incurred. As a result, contract revenue recognized in the statements of operations can and usually does differ from amounts that can be billed to the customer at any point during the contract. Amounts by which cumulative contract revenue recognized on a contract as of a given date exceeds cumulative billings and unbilled receivables to the customer under the contract are reflected as a current asset in the condensed consolidated balance sheets under the caption “Contract assets.” Amounts by which cumulative billings to the customer under a contract as of a given date exceed cumulative contract revenue recognized are reflected as a current liability in the condensed consolidated balance sheets under the caption “Contract liabilities.” Conditional retainage represents the portion of the contract price withheld until the work is substantially complete for assurance of the Company’s obligations to complete the job. The following is a summary of the Company’s uncompleted contracts: SCHEDULE OF CONTRACT ASSETS AND LIABILITIES March 31, 2024 September 30, 2023 Costs incurred on uncompleted contracts $ 11,582,989 $ 12,523,552 Estimated gross profit 2,816,002 3,085,350 14,398,991 15,608,902 Applicable billings to date (14,318,721 ) (14,850,020 ) Net billings in excess of costs, Ending balance $ 80,270 $ 758,882 For the three and six months ended March 31, 2024 and 2023, the Company recognized revenue of $ 95,759 9,030 886,920 361,887

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 18 – 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, for total consideration of $ 550,000 Company negotiated a payment agreement surrounding the sale of Griffin Filters, LLC, and other liabilities due to the Company 761,585 5 July 31, 2024 64,808 As of March 31, 2024, and September 30, 2023, there was $ 3,798 3,806 As of March 31, 2024, and September 30, 2023, there was $ 635,956 637,208 On November 22, 2022, the Company entered into two Asset Purchase Agreements and one Simple Agreement for Future Equity (“SAFE”) with the Company’s CEO, Saagar Govil, to secure the sale of the subsidiaries Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc., which include the brands SmartDesk, Cemtrex XR, Virtual Driver Interactive, Bravo Strong, and good tech (formerly Cemtrex Labs), to Mr. Govil. Cemtrex XR, Inc. was purchased for $ 890,000 75,000 5 the next three years; and should the total sum of royalties due be less than $820,000 at the end of the three-year period, Mr. Govil shall be obligated to pay the difference between $820,000 and the royalties paid. Cemtrex Advanced Technologies, Inc. was purchased for $10,000 in cash, 5% royalty of all revenues on the Business to be paid 90 days after the end of each calendar year for the next 5 years, and $1,600,000 in SAFE (common equity) at any subsequent fundraising or exit above $5,000,000 with a $10,000,000 cap. Subsequent to the sale of Cemtrex Advanced Technologies, Inc. the business has ceased operations 5 During the three and six months ended March 31, 2024, the Company wrote off $ 94,027 59,703 As of March 31, 2024, there was $ 583,340 60,628 522,712 5,416 As of March 31, 2024, there were royalties receivable from the sale of Cemtrex, XR, Inc. of $ 700,456 260,407 10,000

LEASES

LEASES	6 Months Ended
	Mar. 31, 2024
Leases
LEASES	NOTE 19 – LEASES The Company is party to contracts where we lease property from others under contracts classified as operating leases. The Company primarily leases office and operating facilities, vehicles, and office equipment. The weighted average remaining term of our operating leases was approximately 3.5 3 6.45 5.66 The Company has elected not to recognize lease assets and liabilities for leases with a term of 12 months or less. The Company’s corporate segment leases approximately 100 600 3,600 600 The Company’s security segment leases approximately 1,037 5,487 30,362 A reconciliation of undiscounted cash flows to operating lease liabilities recognized in the condensed consolidated balance sheet at March 31, 2024, is set forth below: SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO OPERATING LEASE LIABILITIES Years ending September 30, Operating Leases 2024 461,372 2025 908,932 2026 711,262 2027 315,525 2028 58,085 Undiscounted lease payments 2,455,176 Amount representing interest (200,490 ) Discounted lease payments $ 2,254,686 Lease costs for the three and six months ended March 31, 2024, and 2023 are set forth below: SCHEDULE OF LEASE COSTS 2024 2023 2024 2023 For the three months ended For the six months ended March 31, March 31, 2024 2023 2024 2023 Operating lease costs 195,693 223,213 389,125 484,646 Short-term lease costs 15,701 - 33,962 - Total lease cost $ 211,394 $ 223,213 $ 423,087 $ 484,646

LINES OF CREDIT AND LONG-TERM L

LINES OF CREDIT AND LONG-TERM LIABILITIES	6 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
LINES OF CREDIT AND LONG-TERM LIABILITIES	NOTE 20 – LINES OF CREDIT AND LONG-TERM LIABILITIES Revolving line of credit On October 5, 2023, the Company obtained a revolving line of credit in the amount of $ 5,000,000 3 4,019,234 36,267 980,766 Standstill Agreement On August 31, 2023, the Company and Streeterville Capital, LLC entered into a standstill agreement for the two notes held by Streeterville Capital, LLC. The terms of this agreement are the earlier of (a) the date that is ninety (90) days from the Effective Date, and (b) the date that the Company completes an equity offering on either Form S-1 or Form S-3 (the “Standstill Period”), Streeterville Capital, LLC will not seek to redeem any portion of the Notes, and (c) the Company agrees to prepay to Lender fifty percent ( 50 5,000,000 The following table outlines the Company’s secured liabilities: SCHEDULE OF LINES OF CREDIT AND LIABILITIES March 31, September 30, Interest Rate Maturity 2024 2023 Fulton Bank - $ 360,000 SOFR plus 2.37 7.71 7.68 1/31/2025 69,164 108,700 Fulton Bank - $ 360,000 SOFR plus 2.37 7.71 7.68 01/31/2025 69,164 108,700 Fulton Bank mortgage $ 2,476,000 SOFR plus 2.62 7.96 7.93 01/28/2040 2,146,939 2,180,115 Fulton Bank (HEISEY) - $ 1,200,000 SOFR plus 2.80 8.14 8.11 09/30/2043 1,188,315 1,200,000 Fulton Bank (HEISEY) - $ 2,160,000 SOFR plus 2.80 8.14 8.11 07/01/2030 2,004,136 2,122,565 Note payable - $ 5,755,000 750,000 5,000 5,000,000 0 8 06/30/2025 4,787,348 4,596,589 Note payable - $ 9,205,000 1,200,000 5,000 8,000,000 28,572 700,400 0 8 02/22/2026 11,709,830 11,243,233 Note Payable - $ 240,000 6 07/01/2024 240,000 240,000 Term Loan Agreement with NIL Funding Corporation (“NIL”) - $ 5,600,000 11.50 12/31/2024 - 1,979,743 Paycheck Protection Program loan - $ 121,400 1 05/05/2025 70,872 91,114 Software License Agreement - $ 1,125,000 N/A 06/03/2024 225,000 675,000 HDFC Bank Auto Loan - $ 28,331 65,179 784.89 8.70 06/05/2027 26,486 - Total debt $ 22,468,090 $ 24,437,059 Less: Current maturities (914,170 ) (14,507,711 ) Long-term debt $ 21,553,920 $ 9,929,348

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 21 – STOCKHOLDERS’ EQUITY Series 1 Preferred Stock The Company’s Series 1 Preferred Stock was suspended from the Nasdaq Capital Market on January 22, 2024. The Series 1 Preferred Stock is now quoted on the OTC Markets under the symbol “CETXP.” Nasdaq informed the Company that Nasdaq will complete the delisting by filing a Form 25 Notification of Delisting with the SEC following the lapse of applicable appeal periods. The Company does not intend to appeal the Panel’s decision. The Form 25 was filed on March 21, 2024. The deregistration of the Company’s Series 1 Preferred Stock under Section 12(b) of the Exchange Act will be effective for 90 days, or such shorter period as the SEC may determine, after filing of the Form 25. During the six months ended March 31, 2024, 115,037 During the six months ended March 31, 2024, the Company has bought back 71,951 69,705 As of March 31, 2024, and September 30, 2023, there were 2,408,053 2,293,016 2,272,002 2,228,916 Common Stock During the six months ended March 31, 2024, 9,853 40,000

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 22 – SHARE-BASED COMPENSATION For the three and six months ended March 31, 2024, and 2023, the Company recognized $ 7,558 26,735 15,116 66,577 48,189 During the six months ended March 31, 2024, no options were granted, cancelled, or forfeited.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 23 – COMMITMENTS AND CONTINGENCIES From time to time, the Company and its subsidiaries are involved in legal proceedings that are incidental to the operation of our business. The Company continues to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including assessment of the merits of the particular claim, as well as current accruals and insurance coverage, the Corporation does not expect that such legal proceedings will have a material adverse impact on its condensed consolidated financial statements.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 24 – SUBSEQUENT EVENTS On April 5, 2024, 120,725 10 10.00 On April 8, 2024, the Company issued an aggregate of 1,946 9,000 On April 8, 2024, the Company cancelled 71,951 On April 13, 2024, the Company and CXR, Inc. agreed to structured payments on the first-year royalties with full payment being made by December 31, 2024. Standstill Agreement On April 30, 2024, the Company entered into a Standstill Agreement (the “Agreement”) with Streeterville Capital, LLC (“Streeterville”). Pursuant to the Agreement, Streeterville agreed not to seek to redeem any portion of its two outstanding notes with the Company, dated September 20, 2021 and February 22, 2022, for a period of one year (the “Standstill Period”) and Streeterville further agreed to extend the maturity dates on the notes to June 30, 2025 and February 22, 2026, respectively. 4,000,000 50 4,588,897 Underwriting agreement and public offering On May 1, 2024, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with Aegis Capital Corp. (the “Underwriter”), in connection with a firm commitment underwritten public offering (the “Offering”) of (i) 554,705 units (the “Common Units”), each consisting of one share of common stock of the Company (“common stock”), a warrant to purchase one share of common stock at an exercise price of $.085 per share or pursuant to an alternative cashless exercise option (described below), which warrant will expire on the two-and-a-half year anniversary of the original issuance date (the “Series A Warrants”) and a warrant to purchase one share of common stock at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the original issuance date (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”); and (ii) 11,210,000 pre-funded units (the “Pre-funded Units” and together with the Common Units, the “Units”), each consisting of one pre-funded warrant to purchase one share of common stock (the “Pre-funded Warrants”), a Series A Warrant and a Series B Warrant. The purchase price of each Unit was $0.85, and the purchase price of each Pre-Funded Unit was $0.849 (which is equal to the public offering price per Common Unit to be sold in the Offering minus $0.001). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full. In addition, the Company granted the Underwriter a 45-day option to purchase additional 1,764,705 15 1,764,705 15 1,764,705 15 The Offering closed on May 3, 2024. An aggregate of 11,764,705 554,705 11,210,000 11,210,000 1,764,705 1,764,705 10,035,000 Under the terms of the Underwriting Agreement, the Underwriter received an underwriting discount of 7.0% to the public offering price for the Units. In addition, the Company agreed to (a) pay a non-accountable expense allowance to the Underwriter equal to 0.5% of the gross proceeds received in this Offering and (b) to reimburse the Underwriter for certain out-of-pocket expenses, including, but not limited to, up to $100,000 for reasonable legal fees and disbursements for the Underwriter’s counsel. Right of First Refusal Subject to certain conditions, the Company has granted the Underwriter the right of first refusal with respect to certain transactions and for the duration described below. If, for the period beginning on the closing of the Offering and ending fifteen (15) months after the commencement of sales in the offering, the Company or any of its subsidiaries (a) decides to finance or refinance any indebtedness, the Underwriter (or any affiliate designated by the Underwriter) shall have the right to act as sole book-runner, sole manager, sole placement agent or sole agent with respect to such financing or refinancing; or (b) decides to raise funds by means of a public offering (including at-the-market facility) or a private placement or any other capital raising financing of equity, equity-linked or debt securities, the Underwriter (or any affiliate designated by the Underwriter) shall have the right to act as sole book-running manager, sole underwriter or sole placement agent for such financing. If the Underwriter or one of its affiliates decides to accept any such engagement, the agreement governing such engagement will contain, among other things, provisions for customary fees and terms for transactions of similar size and nature, including indemnification, which are appropriate to such a transaction. Notwithstanding the foregoing, the decision to accept the engagement shall be made by the Underwriter or one of its affiliates, by a written notice to the Company, within ten (10) days of the receipt of the Company’s notification of financing needs, including a detailed term sheet. The Underwriter’s determination of whether in any case to exercise its right of first refusal will be strictly limited to the terms on such term sheet, and any waiver of such right of first refusal shall apply only to such specific terms. If the Underwriter waives its right of first refusal, any deviation from such terms shall void the waiver and require the Company to seek a new waiver from the right of first refusal.

INTERIM STATEMENT PRESENTATION

INTERIM STATEMENT PRESENTATION (Policies)	6 Months Ended
	Mar. 31, 2024
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, 2023, of Cemtrex, Inc. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“U.S. 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.
Significant Accounting Policies	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, 2023, includes a summary of the significant accounting policies used in the preparation of the condensed consolidated financial statements.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued Accounting Standards Update No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“Update 2016-13”). Update 2016-13 replaced the incurred loss model with an expected loss model, which is referred to as the current expected credit loss (“CECL”) model. The CECL model is applicable to the measurement of credit losses on financial assets measured at amortized cost, including but not limited to trade receivables. For public business entities, the new standard became effective for annual reporting periods beginning after December 15, 2022, including interim periods within that reporting period. On October 1, 2023, the Company implemented this standard and there has been no material change to the condensed consolidated financial statements. The following table illustrates the effect of implementation of Update 2016-13 on the condensed consolidated balance sheet: SCHEDULE OF EFFECT IMPLEMENTATION ON CONDENSED CONSOLIDATED BALANCE SHEET Assets: October 1, 2023 As reported under ASC 326 September 30, 2023 Pre-ASC 326 Adoption Impact of ASC 326 Adoption Trade receivables, net $ 234,924 $ 234,924 $ - Contract assets, net $ 8,696 $ - $ 8,696 Royalties receivable, net - related party $ 10,000 $ - $ 10,000 Note receivable, net - related party $ 44,761 $ 44,761 $ - The Company estimates credit losses associated with our accounts receivable portfolio segment using an expected credit loss model, which utilizes an aging schedule methodology based on historical information and adjusted for asset-specific considerations, current economic conditions and reasonable and supportable forecasts. The Company will utilize the Probability-of-default method for financing receivables and loans. Expected credit losses are determined by multiplying the probability of default (i.e., the probability the asset will default within the given time frame) by the loss given default (the percentage of the asset not expected to be collected because of default). The Company considers sources of repayment associated with a financial asset when determining its credit losses, including collection against the collateral and certain embedded credit enhancements, such as guarantees or insurance. The allowance for credit losses was immaterial as of March 31, 2024. The following table illustrates the current expected credit losses activity for the six months ended March 31, 2024: SCHEDULE OF EXPECTED CREDIT LOSSES ACTIVITY As of October 1, 2023 For the six months ended March 31, 2024 As of March 31, 2024 Assets: Trade receivables, net $ 234,924 $ (9,111 ) $ 225,813 Trade receivables, net - related party $ - $ - $ - Trade receivables, net - - - Contract assets, net $ 8,696 $ 27,660 $ 36,356 Royalties receivable, net - related party $ 10,000 $ - $ 10,000 Note receivable, net - related party $ 44,761 $ 20,047 $ 64,808
Recently Issued Accounting Pronouncements Not Yet Effective	Recently Issued Accounting Pronouncements Not Yet Effective On June 30, 2022, the FASB issued ASU 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”), which (1) clarifies the guidance in ASC 820 on the fair value measurement of an equity security that is subject to a contractual sale restriction and (2) requires specific disclosures related to such an equity security. Under current guidance, stakeholders have observed diversity in practice related to whether contractual sale restrictions should be considered in the measurement of the fair value of equity securities that are subject to such restrictions. On the basis of interpretations of existing guidance and the current illustrative example in ASC 820-10-55-52 of a restriction on the sale of an equity instrument, some entities use a discount for contractual sale restrictions when measuring fair value, while others view the application of such a discount to be inconsistent with the principles of ASC 820. To reduce the diversity in practice and increase the comparability of reported financial information, ASU 2022-03 clarifies this guidance and amends the illustrative example. ASU No. 2022-03 is effective for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact of this ASU on the condensed consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which enhances the disclosures required for operating segments in the Company’s annual and interim consolidated financial statements. ASU 2023-07 is effective for the Company for annual reporting for fiscal 2025 and for interim period reporting beginning in fiscal 2026 on a retrospective basis. Early adoption is permitted. The Company is currently evaluating the impact of our pending adoption of ASU 2023-07 on the condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is required to adopt this standard prospectively in fiscal year 2026 for the annual reporting period ending September 30, 2026. The Company is currently in the process of evaluating the impact of adoption on the condensed consolidated 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 condensed consolidated financial statements.

ORGANIZATION AND PLAN OF OPER_2

ORGANIZATION AND PLAN OF OPERATIONS (Tables)	6 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SCHEDULE OF BUSINESS ACQUISITION OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES	The consideration transferred and preliminary allocation of Heisey’s tangible and intangible assets and liabilities, are as follows: SCHEDULE OF BUSINESS ACQUISITION OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES Consideration Transferred: Cash $ 393,291 Seller’s note 240,000 Financed amount 2,160,000 Total consideration transferred $ 2,793,291 Purchase Price Allocation: Inventory 300,000 Contract assets 667,259 Machinery and equipment 1,625,000 Contract liabilities (216,469 ) Accrued expenses (57,499 ) Goodwill 475,000 Total consideration transferred $ 2,793,291
SCHEDULE OF PRO FORMA FINANCIAL INFORMATION	SCHEDULE OF PRO FORMA FINANCIAL INFORMATION March 31, 2023 March 31, 2023 Unaudited for the for the March 31, 2023 March 31, 2023 Revenues $ 19,369,100 $ 32,542,938 Net gain/(loss) 41,272 (6,392,032 )

INTERIM STATEMENT PRESENTATIO_2

INTERIM STATEMENT PRESENTATION (Tables)	6 Months Ended
	Mar. 31, 2024
SCHEDULE OF EFFECT IMPLEMENTATION ON CONDENSED CONSOLIDATED BALANCE SHEET
SCHEDULE OF EXPECTED CREDIT LOSSES ACTIVITY	The following table illustrates the current expected credit losses activity for the six months ended March 31, 2024: SCHEDULE OF EXPECTED CREDIT LOSSES ACTIVITY As of October 1, 2023 For the six months ended March 31, 2024 As of March 31, 2024 Assets: Trade receivables, net $ 234,924 $ (9,111 ) $ 225,813 Trade receivables, net - related party $ - $ - $ - Trade receivables, net - - - Contract assets, net $ 8,696 $ 27,660 $ 36,356 Royalties receivable, net - related party $ 10,000 $ - $ 10,000 Note receivable, net - related party $ 44,761 $ 20,047 $ 64,808

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Mar. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
SUMMARY OF LOSS ON SALE	The following table summarizes the loss on the sale recorded during the three months ended December 31, 2022, included in Income/(loss) from discontinued operations, net of tax in the accompanying condensed consolidated statement of operations: SUMMARY OF LOSS ON SALE Purchase Price $ 745,621 Less cash and cash equivalents transferred (699,423 ) Less liabilities assumed (10,924 ) Net purchase price $ 35,274 Assets Sold Accounts receivable, net $ 625,638 Inventory, net 980,730 Prepaid expenses and other assets 502,577 Property and equipment, net 837,808 Goodwill 598,392 Total Assets Sold 3,545,145 Liabilities Transferred Accounts payable 370,774 Short-term liabilities 364,775 Long-term liabilities 318,981 Total Liabilities Transferred 1,054,530 Net assets sold $ 2,490,615 Pretax loss on sale of Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc.Companies $ (2,455,341 )
SCHEDULE OF FINANCIAL STATEMENTS INCLUDED WITHIN DISCONTINUED OPERATIONS	SCHEDULE OF FINANCIAL STATEMENTS INCLUDED WITHIN DISCONTINUED OPERATIONS 2024 2023 2024 2023 Three months ended March 31, Six months ended March 31, 2024 2023 2024 2023 Total net sales $ - $ - $ - $ 649,061 Cost of sales - - - 228,086 Operating, selling, general and administrative expenses 39 492 39 1,296,064 Other (income)/expenses - - - 3,195 Income (loss) from discontinued operations (39 ) (492 ) (39 ) (878,284 ) Amortization of discounted royalties 13,282 14,724 26,564 19,151 Loss on sale of discontinued operations - - - (2,455,341 ) Adjustment of benefit obligation - - - 89,085 Income tax provision 2,780 - 5,570 - Discontinued operations, net of tax $ 10,463 $ 14,232 $ 20,955 $ (3,225,389 )

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
SCHEDULE OF DISAGGREGATION OF REVENUE RECOGNITION	The following table illustrates the approximate disaggregation of the Company’s revenue based off timing of revenue recognition for the three and six months ended March 31, 2024 and 2023: SCHEDULE OF DISAGGREGATION OF REVENUE RECOGNITION March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 For the three months ended For the six months ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Over time 58 % 46 % 55 % 48 % Point-in-time 42 % 54 % 45 % 52 %

LOSS PER COMMON SHARE (Tables)

LOSS PER COMMON SHARE (Tables)	6 Months Ended
	Mar. 31, 2024
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 2024 2023 2024 2023 For the six months ended For the three months ended March 31, March 31, 2024 2023 2024 2023 Options 28,796 28,796 28,796 28,796
SCHEDULE OF LOSS PER SHARE BASIC AND DILUTED FOR CONTINUING OPERATION	For the three and six months ended March 31, 2024 and 2023, loss per share basic and diluted for continuing operations are calculated as follows: SCHEDULE OF LOSS PER SHARE BASIC AND DILUTED FOR CONTINUING OPERATION 2024 2023 2024 2023 For the three months For the six months March 31, March 31, 2024 2023 2024 2023 Loss from Continuing operations $ (1,580,184 ) $ (553,761 ) $ (2,894,579 ) $ (3,650,514 ) Less (loss)/gain in noncontrolling interest (96,510 ) 55,265 (192,919 ) (3,898 ) Preferred stock dividends 52,515 58,720 52,515 58,720 Net loss applicable to common shareholders (1,536,189 ) (667,746 ) (2,754,175 ) (3,705,336 ) Weighted Average Number of Shares-Basic & Diluted 1,055,636 815,498 1,051,630 788,265 Loss per share - Basic & Diluted - Continuing Operations $ (1.46 ) $ (0.82 ) $ (2.62 ) $ (4.70 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT INFORMATION	The following tables summarize the Company’s reportable segment information and unallocated corporate expenses: SCHEDULE OF SEGMENT INFORMATION Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Three months ended March 31, 2024 Three months ended March 31, 2023 Reportable Segments Reportable Segments Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Revenues $ 8,084,932 $ 9,074,663 $ - $ 17,159,595 $ 9,913,898 $ 6,159,499 $ - $ 16,073,397 Cost of revenues 3,971,963 6,248,216 - 10,220,179 4,793,817 3,941,099 - 8,734,916 Gross profit $ 4,112,969 $ 2,826,447 $ - $ 6,939,416 $ 5,120,081 $ 2,218,400 $ - $ 7,338,481 Operating expenses Sales, general, and administrative 3,833,596 1,897,269 984,403 6,715,268 2,965,659 1,336,313 807,242 5,109,214 Depreciation and amortization 71,260 233,629 - 304,889 31,543 157,385 20,125 209,053 Research and development 951,400 - - 951,400 1,615,341 - - 1,615,341 Operating income/(loss) $ (743,287 ) $ 695,549 $ (984,403 ) $ (1,032,141 ) 507,538 724,702 (827,367 ) 404,873 Other income/(expense) $ (138,633 ) $ (78,289 ) $ (231,117 ) $ (448,039 ) $ 337,191 $ (29,866 ) $ (1,265,959 ) $ (958,634 ) Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Six months ended March 31, 2024 Six months ended March 31, 2023 Reportable Segments Reportable Segments Security Industrial Services Corporate Consolidated Security Industrial Services Corporate Consolidated Revenues $ 17,252,733 $ 16,785,028 $ - $ 34,037,761 $ 16,918,642 $ 11,124,997 $ - $ 28,043,639 Cost of revenues 8,622,817 11,393,129 - 20,015,946 8,394,871 7,267,672 - 15,662,543 Gross profit $ 8,629,916 $ 5,391,899 $ - $ 14,021,815 $ 8,523,771 $ 3,857,325 $ - $ 12,381,096 Operating expenses General, and administrative 8,161,224 3,426,532 1,731,177 13,318,933 5,715,088 2,525,178 1,793,951 10,034,217 Depreciation and amortization 199,412 473,778 - 673,190 71,203 324,906 52,279 448,388 Research and development 1,800,205 - - 1,800,205 3,445,054 - - 3,445,054 Operating (loss)/income $ (1,530,925 ) $ 1,491,589 $ (1,731,177 ) $ (1,770,513 ) $ (707,574 ) $ 1,007,241 $ (1,846,230 ) $ (1,546,563 ) Other income/(expense) $ (272,894 ) $ (186,433 ) $ (493,984 ) $ (953,311 ) $ 224,792 $ (61,426 ) $ (2,267,317 ) $ (2,103,951 )

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUE OF ASSETS	The Company’s fair value assets at March 31, 2024, and September 30, 2023, are as follows. SCHEDULE OF FAIR VALUE OF ASSETS Quoted Prices Significant in Active Other Significant Balance Markets for Observable Unobservable as of Identical Assets Inputs Inputs March 31, (Level 1) (Level 2) (Level 3) 2024 Assets Investment in marketable securities (included in short-term investments) $ 13,853 $ - $ - $ 13,853 $ 13,853 $ - $ - $ 13,853 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) 2023 Assets Investment in marketable securities (included in short-term investments) $ 13,663 $ - $ - $ 13,663 $ 13,663 $ - $ - $ 13,663

TRADE RECEIVABLES, NET (Tables)

TRADE RECEIVABLES, NET (Tables)	6 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
SCHEDULE OF TRADE RECEIVABLES, NET	Trade receivables, net consist of the following: SCHEDULE OF TRADE RECEIVABLES, NET March 31, September 30, 2024 2023 Trade receivables $ 11,761,693 $ 9,444,619 Allowance for credit losses (225,813 ) (234,924 ) Accounts receivables, net, total $ 11,535,880 $ 9,209,695

PREPAID EXPENSES AND OTHER CU_2

PREPAID EXPENSES AND OTHER CURRENT ASSETS (Tables)	6 Months Ended
	Mar. 31, 2024
Prepaid Expenses And Other Current Assets
SUMMARY OF PREPAID AND OTHER CURRENT ASSETS	Prepaid expenses and other current assets consist of the following: SUMMARY OF PREPAID AND OTHER CURRENT ASSETS March 31, 2024 September 30, 2023 Prepaid expenses $ 838,980 $ 521,310 Prepaid inventory 498,631 1,084,051 Deferred costs 83,502 25,941 Loan origination costs 36,267 - Prepaid income taxes 428,193 168,555 VAT and GST tax receivable 24,842 298,502 Prepaid expenses and other current assets total $ 1,910,415 $ 2,098,359

INVENTORY, NET (Tables)

INVENTORY, NET (Tables)	6 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORY, NET	Inventory, net consisted of the following: SCHEDULE OF INVENTORY, NET March 31, September 30, 2024 2023 Raw materials $ 797,943 $ 885,398 Work in progress 304,563 109,019 Finished goods 6,295,241 7,744,802 Inventory, net 7,397,747 8,739,219

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
SUMMARY OF PROPERTY AND EQUIPMENT	Property and equipment are summarized as follows: SUMMARY OF PROPERTY AND EQUIPMENT March 31, September 30, 2024 2023 Land $ 945,279 $ 945,279 Building and leasehold improvements 4,372,598 4,362,062 Furniture and office equipment 597,198 579,700 Computers and software 1,333,135 1,333,135 Machinery and equipment 12,806,142 12,488,639 Property and equipment, gross 20,054,352 19,708,815 Less: Accumulated depreciation (11,152,301 ) (10,490,114 ) Property and equipment, net $ 8,902,051 $ 9,218,701

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF GOODWILL BY SEGMENT	Changes in the carrying amount of goodwill, by segment, are as follows: SCHEDULE OF GOODWILL BY SEGMENT Security Industrial Services Consolidated Balance at September 30, 2023 $ 530,475 $ 3,851,416 $ 4,381,891 Balance at March 31, 2024 $ 530,475 $ 3,851,416 $ 4,381,891

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	6 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF OTHER ASSETS	Other assets consisted of the following: SCHEDULE OF OTHER ASSETS March 31, 2024 September 30, 2023 Rental deposits $ 213,770 $ 198,641 Investment in Masterpiece VR 1,200,000 1,100,000 Other deposits 305,117 167,808 Demonstration equipment supplied to resellers 442,975 369,560 Other assets total $ 2,161,862 $ 1,836,009

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
SCHEDULE OF ACCRUED EXPENSES	Accrued expenses consisted of the following: SCHEDULE OF ACCRUED EXPENSES March 31, 2024 September 30, 2023 Accrued expenses $ 489,603 $ 319,211 Accrued payable on inventory in transit 846,823 1,154,254 Accrued payroll 1,116,951 1,088,223 Accrued warranty 222,702 222,702 Accrued expenses total $ 2,676,079 $ 2,784,390

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	6 Months Ended
	Mar. 31, 2024
Deferred Revenue
SCHEDULE OF DEFERRED REVENUE	The Company’s deferred revenue as of and for the three and six months ended March 31, 2024, and 2023, were as follows: SCHEDULE OF DEFERRED REVENUE For the three months ended For the six months ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Deferred revenue at beginning of period $ 2,256,352 $ 1,693,021 $ 2,311,334 $ 1,824,534 Net additions: Deferred software revenues 487,413 580,752 1,147,383 1,008,169 Recognized as revenue: Deferred software revenues (684,540 ) (558,775 ) (1,399,492 ) (1,117,705 ) Deferred revenue at end of period 2,059,225 1,714,998 2,059,225 1,714,998 Less: current portion 1,404,608 581,193 1,404,608 581,193 Long-term deferred revenue at end of period $ 654,617 $ 1,133,805 $ 654,617 $ 1,133,805

CONTRACT ASSETS AND LIABILITI_2

CONTRACT ASSETS AND LIABILITIES (Tables)	6 Months Ended
	Mar. 31, 2024
Contract Assets And Liabilities
SCHEDULE OF CONTRACT ASSETS AND LIABILITIES	The following is a summary of the Company’s uncompleted contracts: SCHEDULE OF CONTRACT ASSETS AND LIABILITIES March 31, 2024 September 30, 2023 Costs incurred on uncompleted contracts $ 11,582,989 $ 12,523,552 Estimated gross profit 2,816,002 3,085,350 14,398,991 15,608,902 Applicable billings to date (14,318,721 ) (14,850,020 ) Net billings in excess of costs, Ending balance $ 80,270 $ 758,882

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Mar. 31, 2024
Leases
SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO OPERATING LEASE LIABILITIES	A reconciliation of undiscounted cash flows to operating lease liabilities recognized in the condensed consolidated balance sheet at March 31, 2024, is set forth below: SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO OPERATING LEASE LIABILITIES Years ending September 30, Operating Leases 2024 461,372 2025 908,932 2026 711,262 2027 315,525 2028 58,085 Undiscounted lease payments 2,455,176 Amount representing interest (200,490 ) Discounted lease payments $ 2,254,686
SCHEDULE OF LEASE COSTS	Lease costs for the three and six months ended March 31, 2024, and 2023 are set forth below: SCHEDULE OF LEASE COSTS 2024 2023 2024 2023 For the three months ended For the six months ended March 31, March 31, 2024 2023 2024 2023 Operating lease costs 195,693 223,213 389,125 484,646 Short-term lease costs 15,701 - 33,962 - Total lease cost $ 211,394 $ 223,213 $ 423,087 $ 484,646

LINES OF CREDIT AND LONG-TERM_2

LINES OF CREDIT AND LONG-TERM LIABILITIES (Tables)	6 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
SCHEDULE OF LINES OF CREDIT AND LIABILITIES	The following table outlines the Company’s secured liabilities: SCHEDULE OF LINES OF CREDIT AND LIABILITIES March 31, September 30, Interest Rate Maturity 2024 2023 Fulton Bank - $ 360,000 SOFR plus 2.37 7.71 7.68 1/31/2025 69,164 108,700 Fulton Bank - $ 360,000 SOFR plus 2.37 7.71 7.68 01/31/2025 69,164 108,700 Fulton Bank mortgage $ 2,476,000 SOFR plus 2.62 7.96 7.93 01/28/2040 2,146,939 2,180,115 Fulton Bank (HEISEY) - $ 1,200,000 SOFR plus 2.80 8.14 8.11 09/30/2043 1,188,315 1,200,000 Fulton Bank (HEISEY) - $ 2,160,000 SOFR plus 2.80 8.14 8.11 07/01/2030 2,004,136 2,122,565 Note payable - $ 5,755,000 750,000 5,000 5,000,000 0 8 06/30/2025 4,787,348 4,596,589 Note payable - $ 9,205,000 1,200,000 5,000 8,000,000 28,572 700,400 0 8 02/22/2026 11,709,830 11,243,233 Note Payable - $ 240,000 6 07/01/2024 240,000 240,000 Term Loan Agreement with NIL Funding Corporation (“NIL”) - $ 5,600,000 11.50 12/31/2024 - 1,979,743 Paycheck Protection Program loan - $ 121,400 1 05/05/2025 70,872 91,114 Software License Agreement - $ 1,125,000 N/A 06/03/2024 225,000 675,000 HDFC Bank Auto Loan - $ 28,331 65,179 784.89 8.70 06/05/2027 26,486 - Total debt $ 22,468,090 $ 24,437,059 Less: Current maturities (914,170 ) (14,507,711 ) Long-term debt $ 21,553,920 $ 9,929,348

SCHEDULE OF BUSINESS ACQUISITIO

SCHEDULE OF BUSINESS ACQUISITION OF TANGIBLE AND INTANGIBLE ASSETS AND LIABILITIES (Details) - USD ($)	Jul. 01, 2023	Mar. 31, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Goodwill		$ 4,381,891	$ 4,381,891
Heisey Mechanical Ltd [Member]
Restructuring Cost and Reserve [Line Items]
Cash	$ 393,291
Seller's note	240,000
Financed amount	2,160,000
Total consideration transferred	2,793,291
Inventory	300,000
Contract assets	667,259
Machinery and equipment	1,625,000
Contract liabilities	(216,469)
Accrued expenses	(57,499)
Goodwill	475,000
Total consideration transferred	$ 2,793,291

SCHEDULE OF PRO FORMA FINANCIAL

SCHEDULE OF PRO FORMA FINANCIAL INFORMATION (Details) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenues	$ 19,369,100	$ 32,542,938
Net gain/(loss)	$ 41,272	$ (6,392,032)

ORGANIZATION AND PLAN OF OPER_3

ORGANIZATION AND PLAN OF OPERATIONS (Details Narrative)			3 Months Ended	6 Months Ended		12 Months Ended
	Aug. 30, 2023 USD ($)	Jul. 01, 2023 USD ($) ft²	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jan. 12, 2024 shares	Jan. 05, 2024 shares	Jul. 29, 2022 $ / shares
Share repurchase program | shares								69,705	71,951
Net loss						$ 9,196,875	$ 13,020,958
Loss from Continuing operations				$ 2,894,579
Debt obligations				18,105,429
Working capital				10,300,384
Cash				2,916,120		$ 5,329,910
Available fund				980,766
Aggregate gross proceeds				10,035,000
Sale of common stock				$ 4,000,000
Percentage for sale of equity				50%
Preferred Stock [Member]
Minimum share bid price | $ / shares										$ 1
Preferred Stock [Member] | Minimum [Member]
Minimum share bid price | $ / shares										$ 1
Heisey Mechanical Ltd [Member]
Business combination including contract assets and liabilities		$ 2,400,000
Adjustments for contract assets and liabilities		$ 393,291
Real estate purchased	$ 1,500,000
Area of Land | ft²		33,000
Depreciation expense from acquired fixed assets			$ 63,900		$ 127,800
Interest expense on debt used in acquisition			32,460		65,860
Income tax expenses			$ 41,331		$ 34,433
Heisey Mechanical Ltd [Member] | Fulton Bank [Member]
Interest expense	$ 1,200,000
Percentage of financing rate	2.80%
Debt maturity date	Sep. 30, 2043

SCHEDULE OF EFFECT IMPLEMENTATI

SCHEDULE OF EFFECT IMPLEMENTATION ON CONDENSED CONSOLIDATED BALANCE SHEET (Details) - USD ($)	Mar. 31, 2024	Oct. 01, 2023	Sep. 30, 2023
Trade receivables, net	$ 11,535,880		$ 9,209,695
Contract assets, net	1,979,679		1,739,201
Related Party [Member]
Trade receivables, net	583,340
Royalties receivable, net - related party	440,049		674,893
Note receivable, net - related party	761,585		761,585
Accounting Standards Update 2016-13 [Member]
Trade receivables, net			234,924
Contract assets, net
Accounting Standards Update 2016-13 [Member] | Related Party [Member]
Royalties receivable, net - related party
Note receivable, net - related party			$ 44,761
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Trade receivables, net		$ 234,924
Contract assets, net		8,696
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjusted Balance [Member] | Related Party [Member]
Royalties receivable, net - related party		10,000
Note receivable, net - related party		$ 44,761
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Trade receivables, net
Contract assets, net	8,696
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Related Party [Member]
Royalties receivable, net - related party	10,000
Note receivable, net - related party

SCHEDULE OF EXPECTED CREDIT LOS

SCHEDULE OF EXPECTED CREDIT LOSSES ACTIVITY (Details) - USD ($)	Mar. 31, 2024	Oct. 01, 2023	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
Trade receivables, net	$ 11,535,880		$ 9,209,695
Contract assets, net	1,979,679		1,739,201
Related Party [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net	583,340
Royalties receivable, net - related party	440,049		674,893
Note receivable, net - related party	761,585		$ 761,585
Accounts Receivable Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net	225,813
Contract assets, net	36,356
Accounts Receivable Portfolio Segment [Member] | Related Party [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net
Royalties receivable, net - related party	10,000
Note receivable, net - related party	64,808
Accounts Receivable Portfolio Segment [Member] | Previously Reported [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net		$ 234,924
Contract assets, net		8,696
Accounts Receivable Portfolio Segment [Member] | Previously Reported [Member] | Related Party [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net
Royalties receivable, net - related party		10,000
Note receivable, net - related party		$ 44,761
Accounts Receivable Portfolio Segment [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net	(9,111)
Contract assets, net	27,660
Accounts Receivable Portfolio Segment [Member] | Revision of Prior Period, Reclassification, Adjustment [Member] | Related Party [Member]
Financing Receivable, Past Due [Line Items]
Trade receivables, net
Royalties receivable, net - related party
Note receivable, net - related party	$ 20,047

SUMMARY OF LOSS ON SALE (Detail

SUMMARY OF LOSS ON SALE (Details) - Discontinued Operations, Disposed of by Sale [Member]	3 Months Ended
	Dec. 31, 2022 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Purchase Price	$ 745,621
Less cash and cash equivalents transferred	(699,423)
Less liabilities assumed	(10,924)
Net purchase price	35,274
Assets Sold
Accounts receivable, net	625,638
Inventory, net	980,730
Prepaid expenses and other assets	502,577
Property and equipment, net	837,808
Goodwill	598,392
Total Assets Sold	3,545,145
Liabilities Transferred
Accounts payable	370,774
Short-term liabilities	364,775
Long-term liabilities	318,981
Total Liabilities Transferred	1,054,530
Net assets sold	2,490,615
Pretax loss on sale of Cemtrex Advanced Technologies, Inc, and Cemtrex XR, Inc.Companies	$ (2,455,341)

SCHEDULE OF FINANCIAL STATEMENT

SCHEDULE OF FINANCIAL STATEMENTS INCLUDED WITHIN DISCONTINUED OPERATIONS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Total net sales				$ 649,061
Cost of sales				228,086
Operating, selling, general and administrative expenses	39	492	39	1,296,064
Other (income)/expenses				3,195
Income (loss) from discontinued operations	(39)	(492)	(39)	(878,284)
Amortization of discounted royalties	13,282	14,724	26,564	19,151
Loss on sale of discontinued operations				(2,455,341)
Adjustment of benefit obligation				89,085
Income tax provision	2,780		5,570
Discontinued operations, net of tax	$ 10,463	$ 14,232	$ 20,955	$ (3,225,389)

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details Narrative) - USD ($)		3 Months Ended			6 Months Ended
	Nov. 22, 2022	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Loss on discontinued operations						$ 89,085
Smart Desk [Member] | Safe Agreement [Member]
Gain contingency on royalty	$ 0
Cemtrex XR Inc [Member]
Increase in royalty payment	$ 820,000
Royalties paid		$ 13,282		$ 13,282	$ 26,563	$ 17,709
Vicon Industries, Inc. [Member]
Discontinued operations funds received			$ 96,095
Discontinued operations consulting fees			7,010
Loss on discontinued operations			$ 89,085

SCHEDULE OF DISAGGREGATION OF R

SCHEDULE OF DISAGGREGATION OF REVENUE RECOGNITION (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Point-in-time	58%	46%	55%	48%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Point-in-time	42%	54%	45%	52%

SCHEDULE OF COMPUTATION OF DILU

SCHEDULE OF COMPUTATION OF DILUTED NET LOSS PER COMMON SHARE AS ANTI-DILUTIVE EFFECT (Details) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options	28,796	28,796	28,796	28,796

SCHEDULE OF LOSS PER SHARE BASI

SCHEDULE OF LOSS PER SHARE BASIC AND DILUTED FOR CONTINUING OPERATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Loss from Continuing operations	$ (1,580,184)	$ (553,761)	$ (2,894,579)	$ (3,650,514)
Less (loss)/gain in noncontrolling interest	(96,510)	55,265	(192,919)	(3,898)
Preferred stock dividends	52,515	58,720	52,515	58,720
Net loss applicable to common shareholders	$ (1,536,189)	$ (667,746)	$ (2,754,175)	$ (3,705,336)
Weighted Average Number of Shares - Basic	1,055,636	815,498	1,051,630	788,265
Weighted Average Number of Shares - Diluted	1,055,636	815,498	1,051,630	788,265
Continuing Operations Income Loss per share - Basic	$ (1.46)	$ (0.82)	$ (2.62)	$ (4.70)
Income (Loss) from Continuing Operations, Per Diluted Share	$ (1.46)	$ (0.82)	$ (2.62)	$ (4.70)

SCHEDULE OF SEGMENT INFORMATION

SCHEDULE OF SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenues	$ 17,159,595	$ 16,073,397	$ 34,037,761	$ 28,043,639
Cost of revenues	10,220,179	8,734,916	20,015,946	15,662,543
Gross profit	6,939,416	7,338,481	14,021,815	12,381,096
Operating expenses
General, and administrative	6,715,268	5,109,214	13,318,933	10,034,217
Depreciation and amortization	304,889	209,053	673,190	448,388
Research and development	951,400	1,615,341	1,800,205	3,445,054
Operating (loss)/income	(1,032,141)	404,873	(1,770,513)	(1,546,563)
Other income/(expense)	(448,039)	(958,634)	(953,311)	(2,103,951)
Security [Member]
Segment Reporting Information [Line Items]
Revenues	8,084,932	9,913,898	17,252,733	16,918,642
Cost of revenues	3,971,963	4,793,817	8,622,817	8,394,871
Gross profit	4,112,969	5,120,081	8,629,916	8,523,771
Operating expenses
General, and administrative	3,833,596	2,965,659	8,161,224	5,715,088
Depreciation and amortization	71,260	31,543	199,412	71,203
Research and development	951,400	1,615,341	1,800,205	3,445,054
Operating (loss)/income	(743,287)	507,538	(1,530,925)	(707,574)
Other income/(expense)	(138,633)	337,191	(272,894)	224,792
Industrial Services [Member]
Segment Reporting Information [Line Items]
Revenues	9,074,663	6,159,499	16,785,028	11,124,997
Cost of revenues	6,248,216	3,941,099	11,393,129	7,267,672
Gross profit	2,826,447	2,218,400	5,391,899	3,857,325
Operating expenses
General, and administrative	1,897,269	1,336,313	3,426,532	2,525,178
Depreciation and amortization	233,629	157,385	473,778	324,906
Research and development
Operating (loss)/income	695,549	724,702	1,491,589	1,007,241
Other income/(expense)	(78,289)	(29,866)	(186,433)	(61,426)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Cost of revenues
Gross profit
Operating expenses
General, and administrative	984,403	807,242	1,731,177	1,793,951
Depreciation and amortization		20,125		52,279
Research and development
Operating (loss)/income	(984,403)	(827,367)	(1,731,177)	(1,846,230)
Other income/(expense)	$ (231,117)	$ (1,265,959)	$ (493,984)	$ (2,267,317)

SEGMENT INFORMATION (Details Na

SEGMENT INFORMATION (Details Narrative)	6 Months Ended
	Mar. 31, 2024 Segment
Segment Reporting [Abstract]
Number of reportable segments	2

RESTRICTED CASH (Details Narrat

RESTRICTED CASH (Details Narrative) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Cash and Cash Equivalents [Abstract]
Restricted cash	$ 1,072,416	$ 919,652
Restricted cash escrow	$ 100,000	$ 100,000

SCHEDULE OF FAIR VALUE OF ASSET

SCHEDULE OF FAIR VALUE OF ASSETS (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	$ 13,853	$ 13,663
Investment in Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	13,853	13,663
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	13,853	13,663
Fair Value, Inputs, Level 1 [Member] | Investment in Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets	13,853	13,663
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] | Investment in 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] | Investment in Marketable Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets

SCHEDULE OF TRADE RECEIVABLES,

SCHEDULE OF TRADE RECEIVABLES, NET (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Receivables [Abstract]
Trade receivables	$ 11,761,693	$ 9,444,619
Allowance for credit losses	(225,813)	(234,924)
Accounts receivables, net, total	$ 11,535,880	$ 9,209,695

SUMMARY OF PREPAID AND OTHER CU

SUMMARY OF PREPAID AND OTHER CURRENT ASSETS (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Prepaid Expenses And Other Current Assets
Prepaid expenses	$ 838,980	$ 521,310
Prepaid inventory	498,631	1,084,051
Deferred costs	83,502	25,941
Loan origination costs	36,267
Prepaid income taxes	428,193	168,555
VAT and GST tax receivable	24,842	298,502
Prepaid expenses and other current assets total	$ 1,910,415	$ 2,098,359

SCHEDULE OF INVENTORY, NET (Det

SCHEDULE OF INVENTORY, NET (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 797,943	$ 885,398
Work in progress	304,563	109,019
Finished goods	6,295,241	7,744,802
Inventory, net	$ 7,397,747	$ 8,739,219

INVENTORY, NET (Details Narrati

INVENTORY, NET (Details Narrative) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Inventory Disclosure [Abstract]
Allowance for obsolete inventories	$ 502,577	$ 618,021

SUMMARY OF PROPERTY AND EQUIPME

SUMMARY OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 20,054,352	$ 19,708,815
Less: Accumulated depreciation	(11,152,301)	(10,490,114)
Property and equipment, net	8,902,051	9,218,701
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	945,279	945,279
Building and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,372,598	4,362,062
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	597,198	579,700
Computers and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,333,135	1,333,135
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 12,806,142	$ 12,488,639

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Depreciation expense			$ 673,190	$ 448,388
General and Administrative Expense [Member]
Impaired Assets to be Disposed of by Method Other than Sale [Line Items]
Depreciation expense	$ 304,889	$ 209,053	$ 673,190	$ 448,388

SCHEDULE OF GOODWILL BY SEGMENT

SCHEDULE OF GOODWILL BY SEGMENT (Details)	Mar. 31, 2024 USD ($)
Indefinite-Lived Intangible Assets [Line Items]
Balance beginning	$ 4,381,891
Balance ending	4,381,891
Security [Member]
Indefinite-Lived Intangible Assets [Line Items]
Balance beginning	530,475
Balance ending	530,475
Industrial Services [Member]
Indefinite-Lived Intangible Assets [Line Items]
Balance beginning	3,851,416
Balance ending	$ 3,851,416

GOODWILL (Details Narrative)

GOODWILL (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Security [Member]
Indefinite-Lived Intangible Assets [Line Items]
Accumulated impairment losses	$ 3,316,000	$ 3,316,000

SCHEDULE OF OTHER ASSETS (Detai

SCHEDULE OF OTHER ASSETS (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Rental deposits	$ 213,770	$ 198,641
Investment in Masterpiece VR	1,200,000	1,100,000
Other deposits	305,117	167,808
Demonstration equipment supplied to resellers	442,975	369,560
Other assets total	$ 2,161,862	$ 1,836,009

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative) - USD ($)	6 Months Ended
	Mar. 31, 2024	Oct. 05, 2023	Jul. 18, 2023	Jan. 19, 2022	Nov. 13, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Investment		$ 100,000	$ 100,000	$ 500,000	$ 500,000
Impairment expense	$ 0

SCHEDULE OF ACCRUED EXPENSES (D

SCHEDULE OF ACCRUED EXPENSES (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Payables and Accruals [Abstract]
Accrued expenses	$ 489,603	$ 319,211
Accrued payable on inventory in transit	846,823	1,154,254
Accrued payroll	1,116,951	1,088,223
Accrued warranty	222,702	222,702
Accrued expenses total	$ 2,676,079	$ 2,784,390

SCHEDULE OF DEFERRED REVENUE (D

SCHEDULE OF DEFERRED REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023
Deferred Revenue
Deferred revenue at beginning of period	$ 2,256,352	$ 1,693,021	$ 2,311,334	$ 1,824,534
Deferred software revenues, Additions	487,413	580,752	1,147,383	1,008,169
Deferred revenues revenues, Recognized	(684,540)	(558,775)	(1,399,492)	(1,117,705)
Deferred revenue at end of period	2,059,225	1,714,998	2,059,225	1,714,998
Less: current portion	1,404,608	581,193	1,404,608	581,193
Less: current portion	1,404,608	581,193	1,404,608	581,193	$ 1,583,406
Long-term deferred revenue at end of period	$ 654,617	$ 1,133,805	$ 654,617	$ 1,133,805

DEFERRED REVENUE (Details Narra

DEFERRED REVENUE (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Deferred Revenue
Deferred revenue reconized	$ 608,808	$ 1,043,281	$ 483,296	$ 963,674

SCHEDULE OF CONTRACT ASSETS AND

SCHEDULE OF CONTRACT ASSETS AND LIABILITIES (Details) - USD ($)	6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Contract Assets And Liabilities
Costs incurred on uncompleted contracts	$ 11,582,989	$ 12,523,552
Costs incurred on uncompleted contracts	2,816,002	3,085,350
Costs incurred on uncompleted contracts	14,398,991	15,608,902
Costs incurred on uncompleted contracts	(14,318,721)	(14,850,020)
Costs incurred on uncompleted contracts	$ 80,270	$ 758,882

CONTRACT ASSETS AND LIABILITI_3

CONTRACT ASSETS AND LIABILITIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Contract Assets And Liabilities
Revenue recognized	$ 95,759	$ 886,920	$ 9,030	$ 361,887

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)				3 Months Ended	6 Months Ended
	Nov. 22, 2022	Jul. 31, 2022	Aug. 31, 2019	Mar. 31, 2024	Mar. 31, 2024	Oct. 05, 2023	Sep. 30, 2023
Related Party Transaction [Line Items]
Related party, Interest rate						3%
Accrued interest				$ 64,808	$ 64,808
Trade receivables				11,535,880	11,535,880		$ 9,209,695
Griffin Filters LLC [Member]
Related Party Transaction [Line Items]
Related party transaction, description		Company negotiated a payment agreement surrounding the sale of Griffin Filters, LLC, and other liabilities due to the Company
Related Party [Member]
Related Party Transaction [Line Items]
Trade receivables wrote off				94,027	94,027
Trade payables wrote off				59,703	59,703
Trade receivables				583,340	583,340
Other receivables, current					60,628
Accounts payable				5,416	5,416
Trade receivable, related party				1,479,703	1,479,703		1,143,342
Allowance for expected credit losses				10,000	10,000
Ducon Technologies, Pvt Ltd. [Member]
Related Party Transaction [Line Items]
Due to related parties, current				3,798	3,798		3,806
Due from related parties, current				635,956	635,956		$ 637,208
Cemtrex Technologies Pvt Ltd [Member]
Related Party Transaction [Line Items]
Other receivables, current					522,712
Cemtrex XR Inc [Member]
Related Party Transaction [Line Items]
Royalties receivable					700,456
Trade receivable, related party				$ 260,407	$ 260,407
Asset Purchase Agreement [Member] | Ducon Technologies Inc [Member] | Griffin Filters LLC [Member] | Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Total consideration			$ 550,000
Asset Purchase Agreement [Member] | Ducon to Cemtrix Technology [Member] | Griffin Filters LLC [Member]
Related Party Transaction [Line Items]
Related party, Interest rate		5%
Debt instrument maturity date		Jul. 31, 2024
Asset Purchase Agreement [Member] | Ducon to Cemtrix Technology [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Due to related parties, current		$ 761,585
Asset Purchase Agreements [Member] | Saagar Govil [Member]
Related Party Transaction [Line Items]
Related party transaction, description	the next three years; and should the total sum of royalties due be less than $820,000 at the end of the three-year period, Mr. Govil shall be obligated to pay the difference between $820,000 and the royalties paid. Cemtrex Advanced Technologies, Inc. was purchased for $10,000 in cash, 5% royalty of all revenues on the Business to be paid 90 days after the end of each calendar year for the next 5 years, and $1,600,000 in SAFE (common equity) at any subsequent fundraising or exit above $5,000,000 with a $10,000,000 cap. Subsequent to the sale of Cemtrex Advanced Technologies, Inc. the business has ceased operations
Purchases from related party	$ 890,000
Cash from related party	$ 75,000
Royalty percentage	5%

SCHEDULE OF RECONCILIATION OF U

SCHEDULE OF RECONCILIATION OF UNDISCOUNTED CASH FLOWS TO OPERATING LEASE LIABILITIES (Details)	Mar. 31, 2024 USD ($)
Leases
2024	$ 461,372
2025	908,932
2026	711,262
2027	315,525
2028	58,085
Undiscounted lease payments	2,455,176
Amount representing interest	(200,490)
Discounted lease payments	$ 2,254,686

SCHEDULE OF LEASE COSTS (Detail

SCHEDULE OF LEASE COSTS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Leases
Operating lease costs	$ 195,693	$ 223,213	$ 389,125	$ 484,646
Short-term lease costs	15,701		33,962
Total lease cost	$ 211,394	$ 223,213	$ 423,087	$ 484,646

LEASES (Details Narrative)

LEASES (Details Narrative)	6 Months Ended
	Mar. 31, 2024 USD ($) ft²	Mar. 31, 2023 USD ($)	Sep. 30, 2023
Lessee, Operating Lease, Term of Contract	3 years 6 months		3 years
Operating Lease, Weighted Average Discount Rate, Percent	6.45%		5.66%
Brooklyn [Member]
Area of Land | ft²	100
Payments for rent	$ 600
Operating Lease, Expense	$ 3,600	$ 600
Clovis [Member]
Area of Land | ft²	1,037
Payments for rent	$ 5,487
Operating Lease, Expense	$ 30,362

SCHEDULE OF LINES OF CREDIT AND

SCHEDULE OF LINES OF CREDIT AND LIABILITIES (Details) - USD ($)	6 Months Ended
	Mar. 31, 2024	Sep. 30, 2023
Line of Credit Facility [Line Items]
Total debt	$ 22,468,090	$ 24,437,059
Current maturities	(914,170)	(14,507,711)
Long-term debt	$ 21,553,920	9,929,348
Fulton Bank One [Member]
Line of Credit Facility [Line Items]
Maturity date	Jan. 31, 2025
Total debt	$ 69,164	108,700
Fulton Bank Two [Member]
Line of Credit Facility [Line Items]
Maturity date	Jan. 28, 2040
Total debt	$ 2,146,939	2,180,115
Fulton Bank HEISEY One [Member]
Line of Credit Facility [Line Items]
Maturity date	Sep. 30, 2043
Total debt	$ 1,188,315	1,200,000
Fulton Bank HEISEY Two [Member]
Line of Credit Facility [Line Items]
Maturity date	Jul. 01, 2030
Total debt	$ 2,004,136	2,122,565
Notes Payable One [Member]
Line of Credit Facility [Line Items]
Maturity date	Jun. 30, 2025
Total debt	$ 4,787,348	4,596,589
Notes Payable Two [Member]
Line of Credit Facility [Line Items]
Maturity date	Feb. 22, 2026
Total debt	$ 11,709,830	11,243,233
Notes Payable [Member] | Heisey Mechanical Ltd [Member]
Line of Credit Facility [Line Items]
Maturity date	Jul. 01, 2024
Total debt	$ 240,000	240,000
Term Loan Agreement [Member]
Line of Credit Facility [Line Items]
Maturity date	Dec. 31, 2024
Total debt		1,979,743
PPP Loans [Member]
Line of Credit Facility [Line Items]
Maturity date	May 05, 2025
Total debt	$ 70,872	91,114
Software License Agreement [Member]
Line of Credit Facility [Line Items]
Maturity date	Jun. 03, 2024
Total debt	$ 225,000	675,000
HDFC Bank Auto Loan [Member]
Line of Credit Facility [Line Items]
Maturity date	Jun. 05, 2027
Total debt	$ 26,486

SCHEDULE OF LINES OF CREDIT A_2

SCHEDULE OF LINES OF CREDIT AND LIABILITIES (Details) (Parenthetical)	6 Months Ended
	Mar. 31, 2024 USD ($) shares	Mar. 31, 2024 INR (₨) shares	Mar. 31, 2023 USD ($)	Oct. 05, 2023	Sep. 30, 2023 USD ($)
Line of Credit Facility [Line Items]
Interest rate				3%
Notes payable - discount			$ 883,467
Notes Payable One [Member]
Line of Credit Facility [Line Items]
Interest rate	8%
Notes payable	$ 5,755,000
Notes payable - discount	750,000
Notes payable - legal fees	5,000
Proceeds from notes payable	5,000,000
Notes payable - Unamortized discount	$ 0				$ 0
Notes Payable Two [Member]
Line of Credit Facility [Line Items]
Interest rate	8%
Notes payable	$ 9,205,000
Notes payable - discount	1,200,000
Notes payable - legal fees	5,000
Proceeds from notes payable	8,000,000
Notes payable - Unamortized discount	$ 0				$ 0
Common stock, shares | shares	28,572	28,572
Common stock, value	$ 700,400
Notes Payable [Member] | Heisey Mechanical Ltd [Member]
Line of Credit Facility [Line Items]
Interest rate	6%
Notes payable	$ 240,000
Term Loan Agreement [Member]
Line of Credit Facility [Line Items]
Interest rate	11.50%
Loans payable	$ 5,600,000
PPP Loans [Member]
Line of Credit Facility [Line Items]
Interest rate	1%
Loans payable	$ 121,400
Software License Agreement [Member]
Line of Credit Facility [Line Items]
Loans payable	$ 1,125,000
HDFC Bank Auto Loan [Member]
Line of Credit Facility [Line Items]
Interest rate	8.70%
Loans payable	$ 784.89
Notes payable	28,331
Monthly payments | ₨		₨ 65,179
Fulton Bank One [Member]
Line of Credit Facility [Line Items]
Loans payable to bank	$ 360,000
Interest rate basis spread	2.37%	2.37%
Interest rate	7.71%				7.68%
Fulton Bank Two [Member]
Line of Credit Facility [Line Items]
Loans payable to bank	$ 2,476,000
Interest rate basis spread	2.62%	2.62%
Interest rate	7.96%				7.93%
Fulton Bank HEISEY One [Member]
Line of Credit Facility [Line Items]
Loans payable to bank	$ 1,200,000
Interest rate basis spread	2.80%	2.80%
Interest rate	8.14%				8.11%
Fulton Bank HEISEY Two [Member]
Line of Credit Facility [Line Items]
Loans payable to bank	$ 2,160,000
Interest rate basis spread	2.80%	2.80%
Interest rate	8.14%				8.11%

LINES OF CREDIT AND LONG-TERM_3

LINES OF CREDIT AND LONG-TERM LIABILITIES (Details Narrative) - USD ($)		6 Months Ended
	Aug. 31, 2023	Mar. 31, 2024	Oct. 05, 2023	Sep. 30, 2023
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revolving line of credit		$ 980,766	$ 5,000,000
Interest rate			3%
Revolving lline of credit		4,019,234
Loan origination costs		$ 36,267
Percentage for sale of equity		50%
Standstill Agreement [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Revolving lline of credit	$ 5,000,000
Percentage for sale of equity	50%

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	3 Months Ended				6 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Jan. 12, 2024	Jan. 05, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Share repurchase program						69,705	71,951
Common stock shares, issued for service				9,853	9,853
Common stock value, issued for service		$ 40,000	$ 102,500		$ 40,000
Series 1 Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock dividends shares					115,037
Share repurchase program	71,951				71,951
Treasury stock purchase					$ 69,705
Preferred stock, shares issued	2,408,053				2,408,053			2,293,016
Preferred stock, shares outstanding	2,272,002				2,272,002			2,228,916

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense	$ 7,558	$ 15,116	$ 26,735	$ 66,577
Unrecognized compensation cost	$ 48,189		$ 48,189

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)

3 Months Ended

6 Months Ended

May 06, 2024

May 03, 2024

May 01, 2024

Apr. 30, 2024

Apr. 08, 2024

Apr. 05, 2024

Aug. 31, 2023

Mar. 31, 2024

Dec. 31, 2023

Mar. 31, 2023

Dec. 31, 2022

Mar. 31, 2024

Sep. 30, 2023

Subsequent Event [Line Items]

Number of shares for service

9,853

9,853

Value of shares for service

$ 40,000

$ 102,500

$ 40,000

Proceeds from common stock

$ 4,000,000

Percentage for sale of equity

50%

Common Stock [Member]

Subsequent Event [Line Items]

Number of shares for service

15,529

Value of shares for service

$ 10

$ 15

Standstill Agreement [Member]

Subsequent Event [Line Items]

Percentage for sale of equity

50%

Series 1 Preferred Stock [Member]

Subsequent Event [Line Items]

Number of shares issued, per share

$ 10

$ 10

$ 10

Subsequent Event [Member]

Subsequent Event [Line Items]

Number of shares for service

1,946

Value of shares for service

$ 9,000

Subsequent Event [Member] | Standstill Agreement [Member]

Subsequent Event [Line Items]

Maturity date description

Pursuant to the Agreement, Streeterville agreed not to seek to redeem any portion of its two outstanding notes with the Company, dated September 20, 2021 and February 22, 2022, for a period of one year (the “Standstill Period”) and Streeterville further agreed to extend the maturity dates on the notes to June 30, 2025 and February 22, 2026, respectively.

Proceeds from common stock

$ 4,000,000

Percentage for sale of equity

50%

Proceeds from payment of debt

$ 4,588,897

Subsequent Event [Member] | Underwriting Agreement [Member] | IPO [Member]

Subsequent Event [Line Items]

Underwritting description

(i) 554,705 units (the “Common Units”), each consisting of one share of common stock of the Company (“common stock”), a warrant to purchase one share of common stock at an exercise price of $.085 per share or pursuant to an alternative cashless exercise option (described below), which warrant will expire on the two-and-a-half year anniversary of the original issuance date (the “Series A Warrants”) and a warrant to purchase one share of common stock at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the original issuance date (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”); and (ii) 11,210,000 pre-funded units (the “Pre-funded Units” and together with the Common Units, the “Units”), each consisting of one pre-funded warrant to purchase one share of common stock (the “Pre-funded Warrants”), a Series A Warrant and a Series B Warrant. The purchase price of each Unit was $0.85, and the purchase price of each Pre-Funded Unit was $0.849 (which is equal to the public offering price per Common Unit to be sold in the Offering minus $0.001). The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until all of the Pre-Funded Warrants are exercised in full.

Number of shares sold

11,764,705

Subsequent Event [Member] | Underwriting Agreement [Member] | IPO [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Number of shares sold

554,705

Subsequent Event [Member] | Underwriting Agreement [Member] | IPO [Member] | Prefunded Units [Member]

Subsequent Event [Line Items]

Number of shares sold

11,210,000

Subsequent Event [Member] | Underwriting Agreement [Member] | IPO [Member] | Prefunded Warrant [Member]

Subsequent Event [Line Items]

SaleOfStockNumberOfSharesIssuedInTransaction

11,210,000

Subsequent Event [Member] | Underwriting Agreement [Member] | Over-Allotment Option [Member]

Subsequent Event [Line Items]

Underwritting discount description

the Underwriter received an underwriting discount of 7.0% to the public offering price for the Units. In addition, the Company agreed to (a) pay a non-accountable expense allowance to the Underwriter equal to 0.5% of the gross proceeds received in this Offering and (b) to reimburse the Underwriter for certain out-of-pocket expenses, including, but not limited to, up to $100,000 for reasonable legal fees and disbursements for the Underwriter’s counsel.

Subsequent Event [Member] | Underwriting Agreement [Member] | Over-Allotment Option [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Stock option granted

1,764,705

Percentage for number of common stock and pre-funded warrants sold in offering

15%

Subsequent Event [Member] | Underwriting Agreement [Member] | Over-Allotment Option [Member] | Series A Warrant [Member]

Subsequent Event [Line Items]

Warrants sold

1,764,705

1,764,705

Percentage for warrants sold in offering

15%

Subsequent Event [Member] | Underwriting Agreement [Member] | Over-Allotment Option [Member] | Series B Warrant [Member]

Subsequent Event [Line Items]

Warrants sold

1,764,705

1,764,705

Percentage for warrants sold in offering

15%

Subsequent Event [Member] | Underwriting Agreement [Member] | Over-Allotment Option [Member] | Prefunded Warrant [Member]

Subsequent Event [Line Items]

Proceeds from common stock

$ 10,035,000

Subsequent Event [Member] | Series 1 Preferred Stock [Member]

Subsequent Event [Line Items]

Number of shares issued to pay dividend

120,725

Dividend rate

10%

Number of shares issued, per share

$ 10

Treasury stock cancelled

71,951