CEMTREX INC
For the period ended Sep 30, 2024. Filed Dec 30, 2024.
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FY2024 · Filed Dec 30, 2024
CETX$0.59-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at September 30, 2024 and 2023
| September 30, | September 30, | |
|---|---|---|
| Assets | 2024 | 2023 |
| Current assets | ||
| Cash and cash equivalents | $3,897,511 | $5,329,910 |
| Restricted cash | 1,522,881 | 1,019,652 |
| Trade receivables, net | 11,159,676 | 9,209,695 |
| Trade receivables, net - related party | 685,788 | 1,143,342 |
| Inventory, net | 6,988,529 | 8,739,219 |
| Contract assets, net | 985,207 | 1,739,201 |
| Prepaid expenses and other current assets | 1,456,687 | 2,112,022 |
| Total current assets | 26,696,279 | 29,293,041 |
| Property and equipment, net | 9,133,578 | 9,218,701 |
| Right-of-use operating lease assets | 1,933,378 | 2,287,623 |
| Royalties receivable, net - related party | 456,611 | 674,893 |
| Note receivable, net - related party | - | 761,585 |
| Goodwill | 3,708,347 | 4,381,891 |
| Other | 2,187,265 | 1,836,009 |
| Total Assets | $44,115,458 | $48,453,743 |
| Liabilities & Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $4,520,173 | $6,196,406 |
| Accounts payable - related party | - | 68,509 |
| Sales tax payable | 73,024 | 35,829 |
| Revolving line of credit | 3,125,011 | - |
| Current maturities of long-term liabilities | 4,732,377 | 14,507,711 |
| Operating lease liabilities - short-term | 832,823 | 741,487 |
| Deposits from customers | 408,415 | 57,434 |
| Accrued expenses | 2,034,352 | 2,784,390 |
| Contract liabilities | 1,254,204 | 980,319 |
| Deferred revenue | 1,297,616 | 1,583,406 |
| Accrued income taxes | 314,827 | 388,627 |
| Total current liabilities | 18,592,822 | 27,344,118 |
| Long-term liabilities | ||
| Long-term debt | 13,270,178 | 9,929,348 |
| Long-term operating lease liabilities | 1,159,204 | 1,607,202 |
| Other long-term liabilities | 274,957 | 501,354 |
| Deferred Revenue - long-term | 658,019 | 727,928 |
| Warrant liabilities | 5,199,436 | - |
| Total long-term liabilities | 20,561,794 | 12,765,832 |
| Total liabilities | 39,154,616 | 40,109,950 |
| Commitments and contingencies | - | - |
| Stockholders’ equity | ||
| Preferred stock , $0.001 par value, 10,000,000 shares authorized, Series 1, 3,000,000 shares authorized, 2,456,827 shares issued and 2,392,727 shares outstanding as of September 30, 2024 and 2,293,016 shares issued and 2,228,916 shares outstanding as of September 30, 2023 (liquidation value of $10 per share) | 2,457 | 2,293 |
| Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at September 30, 2024 and September 30, 2023 | 50 | 50 |
| Common stock, $0.001 par value, 70,000,000 shares authorized, 14,176 shares issued and outstanding at September 30, 2024 and 50,000,000 shares authorized, 498 shares issued and outstanding at September 30, 2023 | 14 | 1 |
| Additional paid-in capital | 73,262,536 | 68,882,750 |
| Accumulated deficit | (71,355,386) | (64,125,895) |
| Treasury stock, 64,100 shares of Series 1 Preferred Stock at September 30, 2024, and September 30, 2023 | (148,291) | (148,291) |
| Accumulated other comprehensive income | 2,949,297 | 3,076,706 |
| Total Cemtrex stockholders’ equity | 4,710,677 | 7,687,614 |
| Non-controlling interest | 250,165 | 656,179 |
| Total liabilities and stockholders’ equity | $44,115,458 | $48,453,743 |
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