| SCHEDULE OF SEGMENT INFORMATION |
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 | |
|
| SCHEDULE OF REVENUE FROM PRODUCT SALES AND SERVICES FROM ITS 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 | |
|