2013 Q4 Form 10-Q Financial Statement
#000114420414009677 Filed on February 14, 2014
Income Statement
| Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
|---|---|---|---|
| Revenue | $8.964M | $2.530M | $2.186M |
| YoY Change | 310.02% | -47.29% | 8.23% |
| Cost Of Revenue | $6.140M | $2.600M | $1.679M |
| YoY Change | 265.61% | -47.05% | 19.95% |
| Gross Profit | $2.825M | -$70.00K | $507.0K |
| YoY Change | 457.11% | -41.67% | -18.22% |
| Gross Profit Margin | 31.51% | -2.77% | 23.19% |
| Selling, General & Admin | $2.370M | -$50.00K | $260.0K |
| YoY Change | 811.54% | -70.59% | -18.75% |
| % of Gross Profit | 83.9% | 51.28% | |
| Research & Development | $0.00 | ||
| YoY Change | |||
| % of Gross Profit | 0.0% | ||
| Depreciation & Amortization | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| % of Gross Profit | 0.0% | ||
| Operating Expenses | $2.367M | -$50.00K | $262.1K |
| YoY Change | 803.28% | -70.59% | -18.11% |
| Operating Profit | $457.7K | -$20.00K | $245.0K |
| YoY Change | 86.82% | -140.0% | -18.34% |
| Interest Expense | $54.36K | -$10.00K | $9.466K |
| YoY Change | 474.24% | 0.0% | -147.33% |
| % of Operating Profit | 11.88% | 3.86% | |
| Other Income/Expense, Net | -$35.85K | -$9.466K | |
| YoY Change | 278.71% | ||
| Pretax Income | $421.8K | -$30.00K | $235.5K |
| YoY Change | 79.11% | -250.0% | -15.89% |
| Income Tax | $5.276K | -$90.00K | $68.60K |
| % Of Pretax Income | 1.25% | 29.13% | |
| Net Earnings | $416.6K | $60.00K | $166.9K |
| YoY Change | 149.56% | -78.57% | -12.15% |
| Net Earnings / Revenue | 4.65% | 2.37% | 7.63% |
| Basic Earnings Per Share | $0.01 | $0.01 | |
| Diluted Earnings Per Share | $0.01 | $67.42K | $0.01 |
| COMMON SHARES | |||
| Basic Shares Outstanding | 40.60M shares | 40.60M shares | 40.60M shares |
| Diluted Shares Outstanding | 40.60M shares | 40.60M shares |
Balance Sheet
| Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $1.410M | $70.00K | $0.00 |
| YoY Change | -78.79% | -100.0% | |
| Cash & Equivalents | $633.2K | $66.96K | $4.876K |
| Short-Term Investments | |||
| Other Short-Term Assets | $5.660M | $430.0K | $170.0K |
| YoY Change | 3229.41% | 10.26% | -37.04% |
| Inventory | $5.294M | $159.3K | $300.0K |
| Prepaid Expenses | |||
| Receivables | $394.0K | $641.3K | $1.940M |
| Other Receivables | $0.00 | $0.00 | $0.00 |
| Total Short-Term Assets | $16.33M | $2.506M | $2.410M |
| YoY Change | 577.55% | 59.46% | 100.83% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $673.5K | $9.323K | $20.00K |
| YoY Change | 3267.74% | -54.45% | -33.33% |
| Goodwill | $0.00 | ||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | |||
| YoY Change | |||
| Other Assets | $4.225K | $4.225K | $110.0K |
| YoY Change | -96.16% | -32.62% | 450.0% |
| Total Long-Term Assets | $677.8K | $367.7K | $130.0K |
| YoY Change | 421.36% | 244.49% | -91.72% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $16.33M | $2.506M | $2.410M |
| Total Long-Term Assets | $677.8K | $367.7K | $130.0K |
| Total Assets | $17.01M | $2.874M | $2.540M |
| YoY Change | 569.55% | 71.22% | -8.3% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $1.786M | $571.5K | $620.0K |
| YoY Change | 188.09% | 78.19% | -12.68% |
| Accrued Expenses | $262.8K | $63.63K | $100.0K |
| YoY Change | 162.82% | 65.17% | -58.33% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $0.00 | ||
| YoY Change | |||
| Total Short-Term Liabilities | $2.052M | $635.1K | $720.0K |
| YoY Change | 185.06% | 76.8% | -24.21% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $13.23M | $1.110M | $760.0K |
| YoY Change | 1640.79% | 131.25% | -50.65% |
| Other Long-Term Liabilities | |||
| YoY Change | |||
| Total Long-Term Liabilities | $13.23M | $1.110M | $760.0K |
| YoY Change | 1640.79% | 132.97% | -50.65% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $2.052M | $635.1K | $720.0K |
| Total Long-Term Liabilities | $13.23M | $1.110M | $760.0K |
| Total Liabilities | $15.28M | $1.743M | $1.480M |
| YoY Change | 932.53% | 108.52% | -40.56% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | $1.518M | $923.9K | |
| YoY Change | 45.41% | ||
| Common Stock | $40.60K | $40.60K | |
| YoY Change | 0.0% | ||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | $1.725M | $1.131M | $1.060M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $17.01M | $2.874M | $2.540M |
| YoY Change | 569.55% | 71.22% | -8.3% |
Cashflow Statement
| Concept | 2013 Q4 | 2013 Q3 | 2012 Q4 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | $416.6K | $60.00K | $166.9K |
| YoY Change | 149.56% | -78.57% | -12.15% |
| Depreciation, Depletion And Amortization | $0.00 | $0.00 | |
| YoY Change | -100.0% | ||
| Cash From Operating Activities | -$7.330M | $120.0K | -$590.0K |
| YoY Change | 1142.37% | -36.84% | 63.89% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | $0.00 | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$4.230M | -$20.00K | |
| YoY Change | 21050.0% | 0.0% | |
| Cash From Investing Activities | -$4.230M | -$20.00K | |
| YoY Change | 21050.0% | 0.0% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | |||
| YoY Change | |||
| Cash From Financing Activities | 12.12M | -260.0K | 280.0K |
| YoY Change | 4228.57% | -273.33% | 1300.0% |
| NET CHANGE | |||
| Cash From Operating Activities | -7.330M | 120.0K | -590.0K |
| Cash From Investing Activities | -4.230M | -20.00K | |
| Cash From Financing Activities | 12.12M | -260.0K | 280.0K |
| Net Change In Cash | 560.0K | -140.0K | -330.0K |
| YoY Change | -269.7% | -153.85% | -8.33% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$7.330M | $120.0K | -$590.0K |
| Capital Expenditures | $0.00 | ||
| Free Cash Flow | -$7.330M | ||
| 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 |
| CY2013Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2052454 | USD |
| CY2013Q3 | us-gaap |
Inventory Net
InventoryNet
|
159348 | USD |
| CY2013Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
394002 | USD |
| CY2013Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
571485 | USD |
| CY2013Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
165730 | USD |
| CY2013Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
569703 | USD |
| CY2013Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1725244 | USD |
| CY2013Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17006632 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1413239 | USD |
| CY2013Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
641264 | USD |
| CY2013Q3 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
1206372 | USD |
| CY2013Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
3571017 | USD |
| CY2013Q4 | us-gaap |
Inventory Net
InventoryNet
|
5294302 | USD |
| CY2013Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
777032 | USD |
| CY2013Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2519626 | USD |
| CY2013Q4 | us-gaap |
Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
|
3449228 | USD |
| CY2013Q3 | us-gaap |
Assets
Assets
|
2519626 | USD |
| CY2013Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
63625 | USD |
| CY2013Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
165730 | USD |
| CY2013Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4225 | USD |
| CY2013Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
1517915 | USD |
| CY2013Q4 | us-gaap |
Interest Expense
InterestExpense
|
54358 | USD |
| CY2013Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-35849 | USD |
| CY2013Q3 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
432131 | USD |
| CY2013Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
5656299 | USD |
| CY2013Q3 | us-gaap |
Assets Current
AssetsCurrent
|
2506078 | USD |
| CY2013Q4 | us-gaap |
Assets Current
AssetsCurrent
|
16328859 | USD |
| CY2013Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9323 | USD |
| CY2013Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
673548 | USD |
| CY2013Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
4225 | USD |
| CY2013Q4 | us-gaap |
Assets
Assets
|
17006632 | USD |
| CY2013Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1786187 | USD |
| CY2013Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
262822 | USD |
| CY2013Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
635110 | USD |
| CY2013Q3 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
1107484 | USD |
| CY2013Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
1226505 | USD |
| CY2013Q3 | us-gaap |
Liabilities
Liabilities
|
1742594 | USD |
| CY2013Q4 | us-gaap |
Liabilities
Liabilities
|
15281388 | USD |
| CY2013Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
| CY2013Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
0 | USD |
| CY2013Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1000 | USD |
| CY2013Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
1000 | USD |
| CY2013Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
40599 | USD |
| CY2013Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
40599 | USD |
| CY2013Q4 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
1998-04-27 | |
| CY2013Q4 | us-gaap |
Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
|
2004-12-16 | |
| CY2013Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2013Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
1000000 | shares |
| CY2013Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000000 | shares |
| CY2013Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
1000000 | shares |
| CY2013Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2013Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
| CY2013Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
60000000 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
60000000 | shares |
| CY2013Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40599129 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
40599129 | shares |
| CY2013Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40599129 | shares |
| CY2013Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
40599129 | shares |
| CY2013Q4 | us-gaap |
Sales Revenue Net
SalesRevenueNet
|
6849723 | USD |
| CY2012Q4 | us-gaap |
Revenues
Revenues
|
2186332 | USD |
| CY2013Q4 | us-gaap |
Revenues
Revenues
|
8964380 | USD |
| CY2012Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
1679300 | USD |
| CY2013Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6139642 | USD |
| CY2012Q4 | us-gaap |
Gross Profit
GrossProfit
|
507032 | USD |
| CY2013Q4 | us-gaap |
Gross Profit
GrossProfit
|
2824738 | USD |
| CY2012Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
262051 | USD |
| CY2013Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2367061 | USD |
| CY2012Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
262051 | USD |
| CY2013Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
2367061 | USD |
| CY2012Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
244981 | USD |
| CY2013Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
457677 | USD |
| CY2012Q4 | us-gaap |
Interest Expense
InterestExpense
|
9466 | USD |
| CY2012Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-9466 | USD |
| CY2012Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
235515 | USD |
| CY2013Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
421828 | USD |
| CY2012Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
68600 | USD |
| CY2013Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5276 | USD |
| CY2012Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
166915 | USD |
| CY2013Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
416552 | USD |
| CY2012Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2013Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
| CY2012Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2786 | USD |
| CY2013Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
-664225 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1290782 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2117383 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
44965 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
5134954 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-219690 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1243281 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
0 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
0 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
295109 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1214702 | USD |
| CY2012Q4 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
63738 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
199197 | USD |
| CY2012Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-587509 | USD |
| CY2013Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-7325947 | USD |
| CY2012Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
280833 | USD |
| CY2013Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
7052837 | USD |
| CY2012Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
280833 | USD |
| CY2013Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
12121451 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-328169 | USD |
| CY2013Q4 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
1346276 | USD |
| CY2012Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
333045 | USD |
| CY2012Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
4876 | USD |
| CY2013Q4 | us-gaap |
Interest Paid
InterestPaid
|
0 | USD |
| CY2013Q4 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | USD |
| CY2013Q4 | 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"><b><font style="FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt">Note 2- Organization and Operations</font></b></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">  </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><i><u><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Cemtrex, Inc.</font></u></i></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">  </font></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">Cemtrex Inc. ("Cemtrex" or the "Company") is a technology company that operates in a wide array of business segments and provides solutions to meet today's industrial challenges. The Company provides electronic manufacturing services of printed circuit board assemblies, provides instruments & emission monitors for industrial processes, and provides industrial air filtration & environmental control systems.</font></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">The Company through its Monitoring Instruments and Products (MIP) division manufactures sells, and services instruments, software and systems for monitoring emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally. Cemtrex also markets technologies for generating carbon credits from low temperature catalytic oxidation of methane ventilating from coal mines.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font> Cemtrex also provides Green Direct Control Ventilation (DCV) systems for commercial buildings to provide energy efficiency.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font> The Company sells air filtration and environmental control products through its subsidiary Griffin Filters LLC. Cemtrex through its wholly owned subsidiary ROB Cemtrex GmbH provides electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products.</font></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">  </font></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-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">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 <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">December 16, 2004</font>, the Company changed its name to Cemtrex, Inc.</font></div> </div> <table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> | |
| CY2013Q4 | dei |
Document Type
DocumentType
|
10-Q | |
| CY2013Q4 | dei |
Amendment Flag
AmendmentFlag
|
false | |
| CY2013Q4 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2013-12-31 | |
| CY2013Q4 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2014 | |
| CY2013Q4 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
| CY2013Q4 | dei |
Trading Symbol
TradingSymbol
|
CTEI | |
| CY2013Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
40599129 | shares |
| CY2013Q4 | dei |
Entity Registrant Name
EntityRegistrantName
|
CEMTREX INC | |
| CY2013Q4 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001435064 | |
| CY2013Q4 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | |
| CY2013Q4 | dei |
Entity Filer Category
EntityFilerCategory
|
Smaller Reporting Company | |
| CY2013Q3 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
0 | USD |
| CY2013Q4 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
0 | USD |
| CY2013Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
0 | USD |
| CY2013Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3445 | USD |
| CY2013Q3 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
0 | USD |
| CY2013Q4 | us-gaap |
Customer Deposits Current
CustomerDepositsCurrent
|
0 | USD |
| CY2013Q4 | us-gaap |
Long Term Loans From Bank
LongTermLoansFromBank
|
5068614 | USD |
| CY2013Q4 | us-gaap |
Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
|
6933815 | USD |
| CY2012Q4 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
0 | USD |
| CY2013Q4 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
18509 | USD |
| CY2012Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2013Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
| CY2012Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40599129 | shares |
| CY2013Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40599129 | shares |
| CY2012Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40599129 | shares |
| CY2013Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40599129 | shares |
| CY2012Q4 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
USD | |
| CY2013Q4 | us-gaap |
Increase Decrease In Due From Related Parties Current
IncreaseDecreaseInDueFromRelatedPartiesCurrent
|
USD | |
| CY2012Q4 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | USD |
| CY2013Q4 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
3445 | USD |
| CY2012Q4 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
21493 | USD |
| CY2012Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-21493 | USD |
| CY2013Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-3449228 | USD |
| CY2013Q4 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
5068614 | USD |
