$CETX
CEMTREX INC

2013 Form 10-K Financial Statement

#000114420414002594 Filed on January 16, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q3 2012
Revenue $13.67M $4.800M $12.16M
YoY Change 12.43% -11.23%
Cost Of Revenue $12.53M $4.910M $10.79M
YoY Change 16.16% -7.02%
Gross Profit $1.145M -$120.0K $1.376M
YoY Change -16.8% -34.47%
Gross Profit Margin 8.37% -2.5% 11.31%
Selling, General & Admin $800.0K -$170.0K $700.0K
YoY Change 14.29% -30.0%
% of Gross Profit 69.87% 50.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00K $0.00 $20.00K
YoY Change -50.0% 0.0%
% of Gross Profit 0.87% 1.45%
Operating Expenses $798.1K -$170.0K $683.4K
YoY Change 16.79% -31.66%
Operating Profit $346.8K $50.00K $692.8K
YoY Change -49.93% -37.02%
Interest Expense $45.85K -$10.00K $42.08K
YoY Change 8.97% -142.08%
% of Operating Profit 13.22% -20.0% 6.07%
Other Income/Expense, Net -$45.85K -$30.00K -$42.08K
YoY Change 8.97%
Pretax Income $301.0K $20.00K $650.7K
YoY Change -53.74% -34.93%
Income Tax $12.50K -$260.0K $2.482K
% Of Pretax Income 4.15% -1300.0% 0.38%
Net Earnings $288.5K $280.0K $648.2K
YoY Change -55.49% -35.18%
Net Earnings / Revenue 2.11% 5.83% 5.33%
Basic Earnings Per Share $0.01
Diluted Earnings Per Share $0.01 $333.3K $0.02
COMMON SHARES
Basic Shares Outstanding 40.60M shares 39.82M shares
Diluted Shares Outstanding 40.60M shares

Balance Sheet

Concept 2013 2012 Q3 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.00K $330.0K $330.0K
YoY Change -78.79% -21.43%
Cash & Equivalents $70.00K $333.0K $330.0K
Short-Term Investments
Other Short-Term Assets $430.0K $390.0K $390.0K
YoY Change 10.26% 50.0%
Inventory $160.0K $196.8K $250.0K
Prepaid Expenses
Receivables $1.850M $293.2K $650.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.510M $1.572M $1.630M
YoY Change 53.99% 24.93% 29.37%
LONG-TERM ASSETS
Property, Plant & Equipment $10.00K $20.47K $20.00K
YoY Change -50.0% -47.96% -50.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $80.00K $80.00K
YoY Change
Other Assets $0.00 $6.270K $10.00K
YoY Change -100.0% 48.4%
Total Long-Term Assets $360.0K $106.7K $100.0K
YoY Change 260.0% -90.89% -91.45%
TOTAL ASSETS
Total Short-Term Assets $2.510M $1.572M $1.630M
Total Long-Term Assets $360.0K $106.7K $100.0K
Total Assets $2.870M $1.678M $1.730M
YoY Change 65.9% -30.91% -28.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $570.0K $320.7K $320.0K
YoY Change 78.13% -50.69% -50.77%
Accrued Expenses $60.00K $38.52K $40.00K
YoY Change 50.0% -74.05% -73.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $640.0K $359.2K $360.0K
YoY Change 77.78% -55.89% -55.56%
LONG-TERM LIABILITIES
Long-Term Debt $1.110M $480.0K $480.0K
YoY Change 131.25% -68.42%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.110M $476.5K $480.0K
YoY Change 131.25% -68.66% -68.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $640.0K $359.2K $360.0K
Total Long-Term Liabilities $1.110M $476.5K $480.0K
Total Liabilities $1.740M $835.7K $840.0K
YoY Change 107.14% -64.2% -63.95%
SHAREHOLDERS EQUITY
Retained Earnings $635.4K
YoY Change -5047.1%
Common Stock $40.60K
YoY Change 1.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.130M $842.7K $900.0K
YoY Change
Total Liabilities & Shareholders Equity $2.870M $1.678M $1.730M
YoY Change 65.9% -30.91% -28.81%

Cashflow Statement

Concept 2013 2012 Q3 2012
OPERATING ACTIVITIES
Net Income $288.5K $280.0K $648.2K
YoY Change -55.49% -35.18%
Depreciation, Depletion And Amortization $10.00K $0.00 $20.00K
YoY Change -50.0% 0.0%
Cash From Operating Activities -$623.0K $190.0K $941.4K
YoY Change -166.17% -1041.4%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$80.00K -$80.00K
YoY Change
Cash From Investing Activities -$80.00K -$80.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $100.0K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $356.9K 150.0K -$1.024M
YoY Change -134.86% -313.28%
NET CHANGE
Cash From Operating Activities -$623.0K 190.0K $941.4K
Cash From Investing Activities -80.00K -80.00K
Cash From Financing Activities $356.9K 150.0K -$1.024M
Net Change In Cash -$266.1K 260.0K -$82.32K
YoY Change 223.21% -121.66%
FREE CASH FLOW
Cash From Operating Activities -$623.0K $190.0K $941.4K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
66963 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
1571638 USD
CY2013Q3 us-gaap Assets Current
AssetsCurrent
2506078 USD
CY2012Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20466 USD
CY2013Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9323 USD
CY2013Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40599129 shares
CY2012Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40599129 shares
CY2013Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
40599129 shares
CY2012Q3 us-gaap Liabilities
Liabilities
835689 USD
CY2012Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2013Q3 us-gaap Liabilities Current
LiabilitiesCurrent
635110 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
48606 USD
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-42075 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2482 USD
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2013Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2012Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2013 us-gaap Fiscal Period
FiscalPeriod
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Fiscal Year-End</font></font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">The Company elected September 30 as its fiscal year-end date.</font></font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Use of Estimates and Assumptions and Critical Accounting Estimates and Assumptions</font></font></u></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date(s) of the financial statements and the reported amounts of revenues and expenses during the reporting period(s).</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Critical accounting estimates are estimates for which (a) the nature of the estimate is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change and (b) the impact of the estimate on financial condition or operating performance is material. The Company&#8217;s critical accounting estimates and assumptions affecting the financial statements were:</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-ALIGN: justify; TEXT-INDENT: 0in; MARGIN: 0in" align="justify"> <table style="FONT-FAMILY: Times New Roman; TABLE-LAYOUT: fixed; FONT-SIZE: 10pt; dtth: tableHanging" cellspacing="0" cellpadding="0" width="100%"> <tr style="PADDING-BOTTOM: 0pt; PADDING-TOP: 0in" valign="top"> <td style="WIDTH: 0.5in; WORD-WRAP: break-word"> <div>&#160;&#160;</div> </td> <td style="WIDTH: 0.5in; WORD-WRAP: break-word" valign="top"> <div><font style="FONT-SIZE: 10pt">(i)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="WIDTH: auto; WORD-WRAP: break-word" valign="top"> <div align="justify"><font style="FONT-SIZE: 10pt"><i>Allowance for doubtful accounts</i>: <font style="COLOR: black"> Management&#8217;s estimate of the allowance for doubtful accounts is based on historical sales, historical loss levels, and an analysis of the collectability of individual accounts; <font style="COLOR: black">and general economic conditions that may affect a client&#8217;s ability to pay. The Company evaluated the key factors and assumptions used to develop the allowance in determining that it is reasonable in relation to the financial statements taken as a whole;</font></font></font></div> </td> </tr> <tr style="PADDING-BOTTOM: 0pt; PADDING-TOP: 0in" valign="top"> <td style="WIDTH: 0in; WORD-WRAP: break-word"> <div>&#160;&#160;&#160;</div> </td> <td style="WIDTH: 0.5in; WORD-WRAP: break-word" valign="top"> <div><font style="FONT-SIZE: 10pt">(ii)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="WIDTH: auto; WORD-WRAP: break-word" valign="top"> <div align="justify"><font style="FONT-SIZE: 10pt"><i><u>Inventory Obsolescence and Markdowns</u></i>: <font style="COLOR: black">The Company&#8217;s estimate of potentially excess and slow-moving inventories is based on evaluation of inventory levels and aging, review of inventory turns and historical sales experiences. The Company&#8217;s estimate of reserve for inventory shrinkage is based on the historical results of physical inventory cycle counts;</font></font></div> </td> </tr> <tr style="PADDING-BOTTOM: 0pt; PADDING-TOP: 0in" valign="top"> <td style="WIDTH: 0in; WORD-WRAP: break-word"> <div>&#160;&#160;&#160;</div> </td> <td style="WIDTH: 0.5in; WORD-WRAP: break-word" valign="top"> <div><font style="FONT-SIZE: 10pt">(iii)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="WIDTH: auto; WORD-WRAP: break-word" valign="top"> <div align="justify"><font style="FONT-SIZE: 10pt"><i>Fair value of long-lived assets</i>: Fair value is generally determined using the asset&#8217;s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. <font style="COLOR: black">The Company considers the following to be some examples of important indicators that may trigger an impairment review: (i) significant under-performance or losses of assets relative to expected historical or projected future operating results; (ii) significant changes in the manner or use of assets or in the Company&#8217;s overall strategy with respect to the manner or use of the acquired assets or changes in the Company&#8217;s overall business strategy; (iii) significant negative industry or economic trends; (iv) increased competitive pressures; (v) a significant decline in the Company&#8217;s stock price for a sustained period of time; and (vi) regulatory changes. The Company evaluates acquired assets for potential impairment indicators at least annually and more frequently upon the occurrence of such events.</font></font></div> </td> </tr> <tr style="PADDING-BOTTOM: 0pt; PADDING-TOP: 0in" valign="top"> <td style="WIDTH: 0in; WORD-WRAP: break-word"> <div>&#160;&#160;&#160;&#160;</div> </td> <td style="WIDTH: 0.5in; WORD-WRAP: break-word" valign="top"> <div><font style="FONT-SIZE: 10pt">(iv)<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </td> <td style="WIDTH: auto; WORD-WRAP: break-word" valign="top"> <div align="justify"><font style="FONT-SIZE: 10pt"><i>Valuation allowance for deferred tax assets</i>: Management assumes that the realization of the Company&#8217;s net deferred tax assets resulting from its net operating loss (&#8220;NOL&#8221;) carry&#150;forwards for Federal income tax purposes that may be offset against future taxable income was not considered more likely than not and accordingly, the potential tax benefits of the net loss carry-forwards are offset by a full valuation allowance. Management made this assumption based on (a) the Company has incurred recurring losses, (b) general economic conditions, and (c) its ability to raise additional funds to support its daily operations by way of a public or private offering, among other factors.</font></div> </td> </tr> </table> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties attached to these estimates or assumptions, and certain estimates or assumptions are difficult to measure or value.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable in relation to the financial statements taken as a whole under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Management regularly evaluates the key factors and assumptions used to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience and reasonable assumptions. After such evaluations, if deemed appropriate, those estimates are adjusted accordingly.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Actual results could differ from those estimates.</font></font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2012Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
333045 USD
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
293155 USD
CY2013Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
641264 USD
CY2012Q3 us-gaap Inventory Net
InventoryNet
196844 USD
CY2013Q3 us-gaap Inventory Net
InventoryNet
159348 USD
CY2012Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
393808 USD
CY2013Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
432131 USD
CY2012Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
354786 USD
CY2013Q3 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
1206372 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6270 USD
CY2013Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4225 USD
CY2012Q3 us-gaap Assets
Assets
1678374 USD
CY2013Q3 us-gaap Assets
Assets
2873776 USD
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
320709 USD
CY2013Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
571485 USD
CY2012Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
38522 USD
CY2013Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
63625 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
359231 USD
CY2012Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
476458 USD
CY2013Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
1107484 USD
CY2013Q3 us-gaap Liabilities
Liabilities
1742594 USD
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-15600 USD
CY2013 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
0 USD
CY2013Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012Q3 us-gaap Preferred Stock Value
PreferredStockValue
1000 USD
CY2013Q3 us-gaap Preferred Stock Value
PreferredStockValue
1000 USD
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
40599 USD
CY2013Q3 us-gaap Common Stock Value
CommonStockValue
40599 USD
CY2012Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
165730 USD
CY2013Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
165730 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
635356 USD
CY2013Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
923853 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
842685 USD
CY2012 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-329692 USD
CY2013 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
250776 USD
CY2012 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-109932 USD
CY2013 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
25103 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
941396 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-622958 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1023720 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
1131182 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1678374 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2873776 USD
CY2012Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40000 USD
CY2013Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
40000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
356876 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-82324 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-266082 USD
CY2012Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
83687 USD
CY2013Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
83687 USD
CY2012Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
4631 USD
CY2013Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
4631 USD
CY2012Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
78392 USD
CY2013Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
78392 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-45850 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
650681 USD
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
300997 USD
CY2012Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
60000000 shares
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12500 USD
CY2012 us-gaap Net Income Loss
NetIncomeLoss
648199 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
288497 USD
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
146244 USD
CY2013Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
157387 USD
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18865 USD
CY2013 us-gaap Depreciation And Amortization
DepreciationAndAmortization
11143 USD
CY2012Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05 pure
CY2013Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.05 pure
CY2012Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2012Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.02
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
348109 USD
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-121052 USD
CY2013 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-37496 USD
CY2012 ctei Increase Decrease In Prepaid Expense Related To Related Party
IncreaseDecreaseInPrepaidExpenseRelatedToRelatedParty
130634 USD
CY2013 ctei Increase Decrease In Prepaid Expense Related To Related Party
IncreaseDecreaseInPrepaidExpenseRelatedToRelatedParty
38323 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
415369 USD
CY2012 us-gaap Interest Paid
InterestPaid
0 USD
CY2013 us-gaap Interest Paid
InterestPaid
0 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
7039 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
999 USD
CY2013Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
100000 USD
CY2012Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
1000000 shares
CY2012Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1000000 shares
CY2013Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
1000000 shares
CY2012Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40599129 shares
CY2013Q3 us-gaap Area Of Land
AreaOfLand
4000 acre
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
4000 USD
CY2012 us-gaap Revenues
Revenues
12162046 USD
CY2013 us-gaap Revenues
Revenues
13673531 USD
CY2012 us-gaap Cost Of Goods Sold
CostOfGoodsSold
3999985 USD
CY2013 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2627241 USD
CY2012 us-gaap Gross Profit
GrossProfit
1376128 USD
CY2013 us-gaap Gross Profit
GrossProfit
1144982 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
683372 USD
CY2013 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
798135 USD
CY2012 us-gaap Operating Expenses
OperatingExpenses
683372 USD
CY2013 us-gaap Operating Expenses
OperatingExpenses
798135 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
692756 USD
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
346847 USD
CY2012 us-gaap Interest Expense
InterestExpense
42075 USD
CY2013 us-gaap Interest Expense
InterestExpense
45850 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.070 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
-0.218 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.410 pure
CY2013 us-gaap Nature Of Operations
NatureOfOperations
<div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font size="2"><b><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Note 1 - Organization and Operations</font></b></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Cemtrex, Inc. and its wholly-owned subsidiary Griffin Filters, LLC (<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#8220;Cemtrex&#8221; or</font> collectively the &#8220;Company&#8221;), engages in manufacturing and selling advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, among others. Cemtrex also provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to Kyoto protocol and assists project owners in selling of carbon credits globally. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries including federal and state governmental agencies. Through its wholly-owned subsidiary, Griffin Filters, the Company designs, manufactures and sells air filtration equipment and systems to control particulate emissions in a variety of industries.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> &#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font size="2">Cemtrex, Inc. was incorporated as Diversified American Holding, Inc. on <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">April 27, 1998</font>. On December 16, 2004, the Company changed its name to Cemtrex, Inc. On <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">April 30, 2007</font>, Cemtrex, Inc. acquired <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">Griffin Filters, LLC</font>.</font></font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000 USD
CY2013 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
94486 USD
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
39823129 shares
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
40599129 shares
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
100000 USD
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Trading Symbol
TradingSymbol
CTEI
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
40599129 shares
CY2013 dei Entity Registrant Name
EntityRegistrantName
CEMTREX INC
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001435064
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--09-30
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2013Q4 dei Entity Public Float
EntityPublicFloat
3290766 USD
CY2012Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
187176 USD
CY2013Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
166710 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
2482 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6300 USD
CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 USD
CY2013 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
6200 USD
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0 USD
CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
12500 USD
CY2012Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
42500 USD
CY2013Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2012Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
42500 USD
CY2013Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.340 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.070 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.156 pure
CY2012 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
4901621 USD
CY2013 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2873659 USD
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.036 pure
CY2012 us-gaap Related Party Costs
RelatedPartyCosts
6785933 USD
CY2013 us-gaap Related Party Costs
RelatedPartyCosts
9901308 USD
CY2012 us-gaap Cost Of Revenue
CostOfRevenue
10785918 USD
CY2013 us-gaap Cost Of Revenue
CostOfRevenue
12528549 USD
CY2012 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7260425 USD
CY2013 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
10799872 USD
CY2012Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
115000 USD
CY2013Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
0 USD
CY2013 ctei Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2029
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2045 USD
CY2013 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2045 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-772789 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
851586 USD
CY2012 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 USD
CY2013 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
631026 USD
CY2012 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1043720 USD
CY2013 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
CY2012 us-gaap Inventory Write Down
InventoryWriteDown
54000 USD
CY2013 us-gaap Inventory Write Down
InventoryWriteDown
108968 USD
CY2012Q3 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
80000 USD
CY2013Q3 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
354150 USD
CY2012 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
80000 USD
CY2013 us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
274150 USD
CY2013 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.05 pure

Files In Submission

Name View Source Status
0001144204-14-002594-index-headers.html Edgar Link pending
0001144204-14-002594-index.html Edgar Link pending
0001144204-14-002594.txt Edgar Link pending
0001144204-14-002594-xbrl.zip Edgar Link pending
ctei-20130930.xml Edgar Link completed
ctei-20130930.xsd Edgar Link pending
ctei-20130930_cal.xml Edgar Link unprocessable
ctei-20130930_def.xml Edgar Link unprocessable
ctei-20130930_lab.xml Edgar Link unprocessable
ctei-20130930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v362912_10k.htm Edgar Link pending
v362912_ex31-1.htm Edgar Link pending
v362912_ex31-2.htm Edgar Link pending
v362912_ex32-1.htm Edgar Link pending
v362912_ex32-2.htm Edgar Link pending