CEMTREX INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Feb 14, 2025
CETX$0.62-2.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets as of December 31, 2024 (Unaudited) and September 30, 2024
Condensed Consolidated Balance Sheets
| (Unaudited) | ||
|---|---|---|
| December 31, | September 30, | |
| 2024 | 2024 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $4,224,130 | $3,897,511 |
| Restricted cash | 1,240,124 | 1,522,881 |
| Trade receivables, net | 9,202,802 | 11,159,676 |
| Trade receivables, net - related party | 524,838 | 685,788 |
| Inventory, net | 11,115,435 | 6,988,529 |
| Contract assets, net | 1,541,239 | 985,207 |
| Prepaid expenses and other current assets | 1,195,128 | 1,456,687 |
| Total current assets | 29,043,696 | 26,696,279 |
| Property and equipment, net | 9,695,289 | 9,133,578 |
| Right-of-use operating lease assets | 1,837,769 | 1,933,378 |
| Royalties receivable, net - related party | 274,756 | 456,611 |
| Goodwill | 3,708,347 | 3,708,347 |
| Other | 2,129,566 | 2,187,265 |
| Total Assets | $46,689,423 | $44,115,458 |
| Liabilities & Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $3,469,117 | $4,520,173 |
| Sales tax payable | 9,515 | 73,024 |
| Revolving line of credit | 4,096,898 | 3,125,011 |
| Current maturities of long-term liabilities | 6,745,423 | 4,732,377 |
| Operating lease liabilities - short-term | 845,535 | 832,823 |
| Deposits from customers | 320,130 | 408,415 |
| Accrued expenses | 1,628,618 | 1,393,902 |
| Accrued payable on inventory in transit | 5,149,660 | 640,450 |
| Contract liabilities | 1,279,185 | 1,254,204 |
| Deferred revenue | 1,206,052 | 1,297,616 |
| Accrued income taxes | 163,170 | 314,827 |
| Total current liabilities | 24,913,303 | 18,592,822 |
| Long-term liabilities | ||
| Long-term debt | 11,893,371 | 13,270,178 |
| Long-term operating lease liabilities | 1,049,307 | 1,159,204 |
| Other long-term liabilities | 307,468 | 274,957 |
| Deferred Revenue - long-term | 560,653 | 658,019 |
| Warrant liabilities | 9,454,842 | 5,199,436 |
| Total long-term liabilities | 23,265,641 | 20,561,794 |
| Total liabilities | 48,178,944 | 39,154,616 |
| Commitments and contingencies | - | - |
| Stockholders’ equity | ||
| Preferred stock , $0.001 par value, 10,000,000 shares authorized, | ||
| Series 1, 3,000,000 shares authorized, 2,579,994 shares issued and | ||
| 2,515,894 shares outstanding as of December 31, 2024 and 2,456,827 shares issued and | ||
| 2,392,727 shares outstanding as of September 30, 2024 (liquidation value of $10 per share) | 2,580 | 2,457 |
| Series C, 100,000 shares authorized, 50,000 shares issued and outstanding at | ||
| December 31, 2024 and September 30, 2024 | 50 | 50 |
| Common stock, $0.001 par value, 70,000,000 shares authorized, | ||
| 1,784,575 shares issued and outstanding at December 31, 2024 and | ||
| 14,176 shares issued and outstanding at September 30, 2024 | 1,785 | 14 |
| Additional paid-in capital | 95,876,237 | 73,262,536 |
| Accumulated deficit | (100,109,753) | (71,355,386) |
| Treasury stock, 64,100 shares of Series 1 Preferred Stock at December 31, 2024, | ||
| and September 30, 2024 | (148,291) | (148,291) |
| Accumulated other comprehensive income | 2,817,858 | 2,949,297 |
| Total Cemtrex stockholders’ equity | (1,559,534) | 4,710,677 |
| Non-controlling interest | 70,013 | 250,165 |
| Total liabilities and stockholders’ equity | $46,689,423 | $44,115,458 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.