| SEGMENT AND GEOGRAPHIC INFORMATION |
NOTE
6 – SEGMENT AND GEOGRAPHIC INFORMATION
The
Company reports and evaluates financial information for two segments: Advanced Technologies (AT) segment, and the Industrial Services
(IS) segment. The AT segment develops smart devices and provides progressive design and development solutions to create impactful experiences
for mobile, web, virtual and augmented reality, wearables and television as well as providing cutting edge, mission critical security
and video surveillance. The IS segment offers single-source expertise and services for rigging, millwrighting, in plant maintenance,
equipment erection, relocation, and disassembly to diversified customers in USA in industries such as: chemical, steel, printing, construction,
& petrochemical.
Cemtrex
Inc. and Subsidiaries
The
following tables summarize the Company’s segment information:
| | |
For the years ended | |
| | |
September 30, | |
| | |
2021 | | |
2020 | |
| Revenues from external customers | |
| | | |
| | |
| Advanced Technologies | |
$ | 24,154,488 | | |
$ | 25,750,684 | |
| Industrial Services | |
| 18,976,446 | | |
| 17,767,700 | |
| Total revenues | |
$ | 43,130,934 | | |
$ | 43,518,384 | |
| | |
| | | |
| | |
| Gross profit | |
| | | |
| (restated) | |
| Advanced Technologies | |
$ | 10,591,956 | | |
$ | 11,181,127 | |
| Industrial Services | |
| 6,376,396 | | |
| 6,440,076 | |
| Total gross profit | |
$ | 16,968,352 | | |
$ | 17,621,203 | |
| | |
| | | |
| | |
| Operating loss | |
| | | |
| (restated) | |
| Advanced Technologies | |
$ | (9,793,851 | ) | |
$ | (3,278,873 | ) |
| Industrial Services | |
| 1,052,031 | | |
| (1,290,938 | ) |
| Total operating loss | |
$ | (8,741,820 | ) | |
$ | (4,569,811) |
| | |
| | | |
| | |
| Other income/(expense) | |
| | | |
| | |
| Advanced Technologies | |
$ | 4,891,984 | | |
$ | (2,588,609 | ) |
| Industrial Services | |
| 4,619,048 | | |
| (197,815 | ) |
| Total other expense | |
$ | 9,511,032 | | |
$ | (2,786,424 | ) |
| | |
| | | |
| | |
| Depreciation and Amortization | |
| | | |
| (restated) | |
| Advanced Technologies | |
$ | 515,465 | | |
$ | 643,427 | |
| Industrial Services | |
| 819,724 | | |
| 1,222,299 | |
| Total depreciation and amortization | |
$ | 1,335,189 | | |
$ | 1,865,726 | |
| | |
September 30, | | |
September 30, | |
| | |
2021 | | |
2020 | |
| | |
| | |
(restated) | |
| Identifiable Assets | |
| | | |
| | |
| Advanced Technologies | |
$ | 33,850,496 | | |
$ | 37,311,047 | |
| Industrial Services | |
| 19,089,392 | | |
| 14,650,280 | |
| Discontinued operations | |
| - | | |
| 8,867,821 | |
| Total Assets | |
$ | 52,939,888 | | |
$ | 60,829,148 | |
Cemtrex
Inc. and Subsidiaries
The
Company generates revenue from product sales and services from its subsidiaries located in the United States, The United Kingdom, and
India. Revenue and long-lived asset information for the Company is as follows:
| | |
September 30, | | |
September 30, | |
| Revenues | |
2021 | | |
2020 | |
| U.S. Operations | |
$ | 39,081,703 | | |
$ | 40,211,773 | |
| Non-U.S. Operations | |
| 4,049,231 | | |
| 3,306,611 | |
| | |
$ | 43,130,934 | | |
$ | 43,518,384 | |
| | |
September 30, | | |
September 30, | |
| Long-lived Assets | |
2021 | | |
2020 | |
| | |
| | |
(restated) | |
| U.S. Operations | |
$ | 6,584,161 | | |
$ | 5,805,696 | |
| Non-U.S. Operations | |
| 154,783 | | |
| 168,154 | |
| | |
$ | 6,738,944 | | |
$ | 5,973,850 | |
|