10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x            QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES ACT OF 1934

For the quarterly period ended June 30, 2015

OR

¨           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES ACT OF 1934

For the transition period from ___________to ____________

Commission File Number 000-53238

CEMTREX, INC.

(Exact name of small business issuer as specified in its charter)

Delaware	30-0399914
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

19 Engineers Lane 

Farmingdale, New York 11735

(Address, including zip code, of principal executive offices)

631-756-9116

(Issuer’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

x Yes ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer o	Accelerated filer o
Non-accelerated filer   o	Smaller reporting company   x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

¨ Yes x No

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of August 4, 2015 the issuer had 6,964,461 shares of common stock issued and outstanding.

CEMTREX, INC. AND SUBSIDIARIES

INDEX

			Page
PART I.  FINANCIAL INFORMATION
Item 1.	Consolidated Financial Statements
		Consolidated Balance Sheets as of June 30, 2015 (Unaudited) and September 30, 2014	3
		Consolidated Statements of Operations and Comprehensive Income/(Loss) for the three and nine months Ended June 30, 2015 and June 30, 2014 (Unaudited)	4
		Consolidated Statements of Cash Flow the nine months Ended June 30, 2015 and June 30, 2014 (Unaudited)	5
		Notes to Unaudited Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		13
Item 4.	Controls and Procedures		17
PART II. OTHER INFORMATION
Item 6.	Exhibits		18
SIGNATURES			19

2

Part I. Financial Information 

Item 1.   Financial Statements  

Cemtrex, Inc. and Subsidiaries

Consolidated Balance Sheets

(Unaudited)

	June 30,			September 30,
Assets	2015			2014
Current assets
Cash and equivalents	$	872,795		$	146,095
Short-term investments		-			559,815
Trade receivables, net		6,742,915			4,038,340
Inventory –net of allowance for inventory obsolescence		6,277,316			6,270,327
Prepaid expenses and other assets		1,809,896			531,262
Total current assets		15,702,922			11,545,839
Property and equipment, net		7,886,997			7,399,096
Goodwill		845,000			845,000
Other		42,691			52,428
Total Assets	$	24,477,610		$	19,842,363
Liabilities & Stockholders' Equity (Deficit)
Current liabilities
Accounts payable	$	6,563,119		$	2,721,705
Accrued expenses		540,441			440,436
Accrued income taxes		62,032			62,032
Convertible notes payable		1,528,000			-
Current portion of long-term liabilities		633,915			689,769
Total current liabilities		9,327,507			3,913,942
Long-term liabilities
Loans payable to bank		4,635,253			5,508,199
Mortgage payable		4,057,612			4,906,922
Notes payable - related party		507,855			1,869,791
Total liabilities		18,528,227			16,198,854
Commitments and contingencies		-			-
Stockholders' equity (deficit)
Preferred stock series A, $0.001 par value, 10,000,000 shares authorized,
1,000,000 shares issued and outstanding, respectively		1,000			1,000
Common stock, $0.001 par value, 20,000,000 shares authorized, 6,884,941
shares issued and outstanding at June 30, 2015 and 6,766,587
shares issued and outstanding at September 30, 2014		6,885			6,767
Additional paid-in capital		466,717			199,562
Retained earnings (accumulated deficit)		6,013,689			3,592,739
Accumulated other comprehensive income (loss)		(538,908	)		(156,559	)
Total stockholders' equity (deficit)		5,949,383			3,643,509
Total liabilities and stockholders' equity (deficit)	$	24,477,610		$	19,842,363

The accompanying notes are an integral part of these financial statements

3

Cemtrex, Inc. and Subsidiaries

Consolidated Statements of Operations and Comprehensive Income/(Loss)

(Unaudited)

	For the three months ended						For the nine months ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues	$	14,665,748		$	13,453,734		$	42,839,477		$	33,966,686
Cost of revenues		10,413,546			9,253,772			30,319,710			22,896,860
Gross profit		4,252,202			4,199,962			12,519,767			11,069,826
Operating expenses
General and administrative		3,571,136			3,364,778			10,639,893			8,944,826
Total operating expenses		3,571,136			3,364,778			10,639,893			8,944,826
Operating income (loss)		681,066			835,184			1,879,874			2,125,000
Other income (expense)
Other Income (expense)		383,693			45,601			893,302			102,424
Interest Expense		(137,154	)		(148,261	)		(467,226	)		(291,457	)
Total other income (expense)		246,539			(102,660	)		426,076			(189,033	)
Net income (loss) before income taxes		927,605			732,524			2,305,950			1,935,967
Provision for income taxes		(14,900	)		16,424			(115,000	)		33,700
Net income (loss)		942,505			716,100			2,420,950			1,902,267
Other comprehensive income/(loss)
Foreign currency translation gain/(loss)		(113,747	)		123,228			(382,349	)		249,311
Comprehensive income/(loss)	$	828,758		$	839,328		$	2,038,601		$	2,151,578
Income (Loss) Per Share-Basic	$	0.14		$	0.11		$	0.36		$	0.28
Income (Loss) Per Share-Diluted	$	0.14		$	0.11		$	0.35		$	0.28
Weighted Average Number of Shares-Basic		6,835,623			6,766,587			6,794,225			6,766,587
Weighted Average Number of Shares-Diluted		6,882,870			6,766,587			6,924,603			6,766,587

The accompanying notes are an integral part of these financial statements

4

Cemtrex, Inc. and Subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

	For the nine months ended
	June 30,
Cash Flows from Operating Activities	2015			2014
Net income (loss)	$	2,420,950		$	1,902,267
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		458,306			194,759
Share-based compensation		267,273			-
Changes in operating assets and liabilities:
Trade receivables		(2,704,575	)		(2,756,515	)
Due from related party		-			(81,842	)
Inventory		(6,989	)		(2,481,705	)
Prepaid expenses and other assets		(1,278,634	)		(1,020,072	)
Others		9,737			(359,415	)
Accounts payable		3,841,414			2,806,153
Accrued expenses		100,005			422,563
Income taxes payable		-			37,145
Net cash provided by (used by) operating activities		3,107,487			(1,336,662	)
Cash Flows from Investing Activities
Purchase of property and equipment		(946,207	)		(7,164,219	)
Purchase of short-term investment		-			-
Redemption of short-term investments		559,815			-
Investment in subsidiary		-			(6,270,173	)
Net cash provided by (used by) investing activities		(386,392	)		(13,434,392	)
Cash Flows from Financing Activities
Proceeds from affiliated Loan		-			3,864,101
Payments on affiliated loan		(1,361,936	)		-
Proceeds from bank loans		-			12,150,228
Payments on bank loans		(2,160,459	)		-
Proceeds from convertible notes		1,528,000			-
Net cash provided by (used by) financing activities		(1,994,395	)		16,014,329
Net increase (decrease) in cash		726,700			1,243,275
Cash beginning of period		146,095			66,963
Cash end of period	$	872,795		$	1,310,238
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	$	244,525		$	-
Cash paid during the period for income taxes	$	5,032		$	-

The accompanying notes are an integral part of these financial statement

5

Cemtrex Inc. and Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – ORGANIZATION AND PLAN OF OPERATIONS

Cemtrex Inc. ("Cemtrex" or the "Company") is a world leading diversified industrial manufacturing company offering a wide array of solutions around the world to meet today’s technological challenges. Cemtrex, through its wholly owned subsidiaries provides manufacturing services of advanced custom engineered electronic assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.

Cemtrex, through its Electronics Manufacturing Services (EMS) group, provides end to end electronic manufacturing services, which includes product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Cemtrex, through its Environmental Products and Systems group, sells a complete line of air filtration and environmental control products to a wide variety of industrial and manufacturing industries worldwide. The group also manufactures sells, and services monitoring instruments, software and systems for measurement of emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally as well as for industrial processes. The Company also markets monitoring and analysis equipment for gas and liquid measurement for various downstream oil & gas applications as well as various industrial process applications.

Cemtrex, Inc. was incorporated as Diversified American Holding, Inc. on April 27, 1998. On December 16, 2004, the Company changed its name to Cemtrex, Inc.

On October 31, 2013, the Company completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions located in Neulingen, Germany. The ROB Group, founded in 1989, consisted of 4 distinct operating companies, forming a complete electronics design, manufacturing, assembly, and cabling solutions provider that serves the electronics and cabling needs of some of the largest companies in the world in the Medical, Automation, Industrial, and Renewable Energy industries. ROB Group also has a manufacturing facility in Sibiu, Romania. ROB Cemtrex GmbH now operates as a subsidiary of Cemtrex, Inc. (see NOTE 10).

NOTE 2 – BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES

Basis of Presentation and Use of Estimates

The accompanying unaudited financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2014 (“2014 Annual Report”) of Cemtrex Inc. (“Cemtrex” or the “Company”). A summary of the Company’s significant accounting policies is identified in Note 1 of the notes to the consolidated financial statements included in the Company’s 2014 Annual Report. There have been no changes in the Company’s significant accounting policies subsequent to September 30, 2014.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X pursuant to the requirements of the U.S. Securities and Exchange Commission (‘SEC”). Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year.

6

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the disclosure of contingent assets and liabilities in the consolidated financial statements and the accompanying notes, and the reported amounts of revenues, expenses and cash flows during the periods presented. Actual amounts and results could differ from those estimates. The estimates and assumptions the Company makes are based on historical factors, current circumstances and the experience and judgment of the Company's management. The Company evaluates its estimates and assumptions on an ongoing basis.

The consolidated financial statements of the Company include the accounts of its 100% owned subsidiaries, Griffin Filters LLC, Cemtrex Ltd., and ROB Cemtrex GmbH. All significant intercompany balances and transactions have been eliminated.

Significant Accounting Policies

Note 2 of the Notes to Consolidated Financial Statements, included in the annual report on Form 10-K for the year ended September 30, 2014, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements.

Reclassifications

Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

NOTE 3 – FAIR VALUE MEASUREMENTS

The Company complies with the provisions of ASC 820 “Fair Value Measurements and Disclosures” (“ASC 820”).  Under ASC 820, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.

The following tables present information about the Company’s assets measured at fair value as of June 30, 2015 and June 30, 2014:

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Unobservable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2015
Assets
Investment in certificates of deposit (included in short-term investments)	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Observable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2014
Assets
Investment in certificates of deposit (included in short-term investments)	$	661,425	$	-	$	-	$	661,425
	$	661,425	$	-	$	-	$	661,425

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NOTE 4 – TRADE RECEIVABLES, NET

Trade receivables, net consist of the following:

	June 30,			September 30,
	2015			2014
Trade receivables	$	6,807,257		$	4,106,441
Allownce for doubtful accounts		(64,342	)		(68,101	)
	$	6,742,915		$	4,038,340

Trade receivables include amounts due for shipped products and services rendered.

Allowance for doubtful accounts include estimated losses resulting from the inability of our customers to make required payments.

NOTE 5 – INVENTORY, NET

Inventory, net of reserves, consist of the following:

	June 30,			September 30,
	2015			2014
Raw materials	$	3,454,959		$	3,449,501
Work in progress		1,351,225			1,254,013
Finished goods		1,620,099			1,715,780
		6,426,283			6,419,294
Less: Allowance for inventory obsolensence		(148,967	)	$	(148,967	)
Inventory –net of allowance for inventory obsolescence	$	6,277,316		$	6,270,327

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment are summarized as follows:

	June 30,			September 30,
	2015			2014
Land		1,167,640		$	1,065,500
Building		3,857,772			4,387,880
Furniture and office equipment		534,358			316,715
Computer software		236,801			46,619
Machinery and equipment		3,364,048			2,234,423
		9,160,619			8,051,137
Less: Accumulated depreciation		(1,273,622	)		(652,041	)
Property and equipment, net		7,886,997		$	7,399,096

8

NOTE 7 – PREPAID AND OTHER CURRENT ASSETS

On June 30, 2015 the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $936,388, the current year income tax benefit of $115,000 and other current assets of $758,508. On June 30, 2014 the company had prepaid and other current assets consisting of prepayments on inventory purchases of $1,447,828 and other current assets of $4,225.

NOTE 8 – CONVERTIBLE NOTES PAYABLE

On June 30, 2015 the Company has the following unsecured convertible notes, issued on the dates listed, to various unrelated third parties outstanding.

· December 30, 2014 for $154,000

· February 6, 2015 for $150,000

· March 24, 2015 for $150,000

· May 7, 2015 for $200,000

· May 12, 2015 for $174,000

· June 25, 2015 for $300,000

Each convertible note matures in nine (9) months with an interest rate of 8% per annum, and can be converted into Company’s common stock at a conversion price equaling 65% of the market price only after six months from the date of issuance at the holder’s option.

Additionally, the Company issued unsecured convertible notes to an unrelated third party, in the amount of $200,000 on March 26, 2015 and an additional $200,000 on June 8, 2015. The twelve (12) month maturity notes carry an interest rate of 10% per annum, and can be converted into Company’s common stock at a conversion price equaling 70% of the market price only after six months from the date of issuance at the holder’s option.

The use of the proceeds from the notes issued is for growth capital and planned acquisitions. As per the terms of these convertible notes the Company has reserved 1,500,000 shares (post reverse split basis) representing approximately six times the actual shares that would be issued upon conversion of all the notes.

As of June 30, 2015, 97,923 shares of the Company’s common stock have been issued to satisfy $204,000 of convertible notes payable.

NOTE 9 – LONG-TERM LIABILITIES

Loans payable to bank

On October 31, 2013, the company acquired a loan from Sparkasse Bank of Germany in the amount of €3,000,000 ($4,006,500, based upon exchange rate on October 31, 2013) in order to fund the purchase of ROB Cemtrex GmbH. $2,799,411 of the proceeds went to direct purchase of ROB Cemtrex GmbH and $1,207,089 funded beginning operations. This loan carries interest of 4.95% per annum and is payable on October 30, 2021.

On October 31, 2013, the company acquired a loan from Sparkasse Bank of Germany in the amount of €1,000,000 ($1,335,500, based upon exchange rate on October 31, 2013) in order to further fund the operations of ROB Cemtrex GmbH. This loan carries interest of 4.00% per annum and is payable on October 30, 2015. In February of 2014 and in May of 2014 the Company increased this credit line by €500,000 at each instance to a total of €2,000,000.

On May 28, 2014 the Company financed an upgrade of the information technology infrastructure for ROB Cemtrex GmbH. The purchase was fully financed through Sparkasse Bank of Germany for €200,000 ($272,840 based upon the exchange rate on May 28, 2014). This loan carries interest of 4.50% and is payable over 4 years.

9

Mortgage payable

On March 1, 2014 the Company completed the purchase of the building that ROB Cemtrex GmbH occupies in Neulingen, Germany. The purchase was fully financed through Sparkasse Bank of Germany for €4,000,000 ($5,500,400 based upon the exchange rate on March 1, 2014). This mortgage carries interest of 3.00% and is payable over 17 years.

Notes payable – related party

Please see Note 11 – Related Party Transactions for details on notes payable to Ducon Technologies, Inc..

NOTE 10 – BUSINESS COMBINATION

On October 31, 2013, the Company completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions located in Neulingen, Germany. The ROB Group, founded in 1989, consisted of 4 distinct operating companies, forming a complete electronics design, manufacturing, assembly, and cabling solutions provider that serves the electronics and cabling needs of some of the largest companies in the world in the Medical, Automation, Industrial, and Renewable Energy industries. ROB Group also has a manufacturing facility in Sibiu, Romania. ROB Cemtrex GmbH now operates as a subsidiary of Cemtrex, Inc..

The acquisition date fair value of the total consideration transferred was $5.936 million, which consisted of the following:

Loan from bank		3,133,286
Loan from related party		2,803,012
Total Purchase Price	$	5,936,298

In accordance with Accounting Standards Codification ("ASC") 805, Business Combinations ("ASC 805"), the total purchase consideration is allocated to the net tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values as of October 31, 2013 (the acquisition date). The purchase price was allocated based on the information currently available, and may be adjusted after obtaining more information regarding, among other things, asset valuations, liabilities assumed, and revisions of preliminary estimates.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:

Inventories	$	4,941,350
Property and Equipment		981,593
Other long-term assets		13,355
Net assets acquired	$	5,936,298

NOTE 11 – RELATED PARTY TRANSACTIONS

The Company has Notes payable to Ducon Technologies Inc., totaling $507,855 and $1,869,791 at June 30, 2015 and September 30, 2014, respectively. These notes are unsecured and carry 5% interest per annum.

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NOTE 12 – STOCKHOLDERS’ EQUITY

Series A Preferred Stock

The Company is authorized to issue 10,000,000 shares of Series A Preferred Stock, $0.001 par value. As of June 30, 2015 and September 30, 2014, there were 1,000,000 shares issued and outstanding, respectively.

Each issued and outstanding Series A Preferred Share shall be entitled to the number of votes equal to the result of: (i) the number of shares of common stock of the Company issued and outstanding at the time of such vote multiplied by 1.01; divided by (ii) the total number of Series A Preferred Shares issued and outstanding at the time of such vote, at each meeting of shareholders of the Company with respect to any and all matters presented to the shareholders of the Company for their action or consideration, including the election of directors. Holders of Series A Preferred Shares shall vote together with the holders of Common Shares as a single class.

During the three and nine month periods ending June 30, 2015 and 2014, the Company did not issue any Series A Preferred Stock.

Reverse Stock Split

On April 3, 2015, our Board of Directors approved a reverse split of our common stock, par value $0.001, at a ratio of one-for-six. This reverse stock split became effective on April 15, 2015 and, unless otherwise indicated, all share amounts. Per share data, share prices, exercise prices and conversion rates set forth in this Report and the accompanying consolidated financial statements have, where applicable, been adjusted retroactively to reflect this reverse stock split.

Listing on NASDAQ Capital Markets

On June 25, 2015 the Company’s common stock commenced trading on the NASDAQ Capital Markets under the symbol “CETX”.

Common Stock

The Company is authorized to issue 20,000,000 shares of common stock, $0.001 par value. As of June 30, 2015 there were 6,884,941 shares issued and outstanding and at September 30, 2014, there were 6,766,587 shares issued and outstanding.

During the three and nine month periods ended June 31, 2015 the Company issued 7,930 and 16,264 shares of common stock, respectively, related to the stock options discussed below. During the three and nine month periods ended June 30, 2014, the Company did not issue any common stock.

During the fiscal year ended September 30, 2014 the company granted stock options for 100,000 shares to employees of the Company. These options have a call price of $1.80 per share, vest over four years, and expire after six years. As of June 30, 2015, 16,264 shares have been exercised and none have expired or have been cancelled.

During the three and nine month period ending June 30, 2015 the company issued 97,323 shares of common stock to satisfy $204,000 of convertible notes payable (see NOTE 8).

NOTE 13 – COMMITMENTS AND CONTIGENCIES

The Company leases its principal office at Farmingdale, New York, 4,000 square feet of office and warehouse/shop space in a single story commercial structure on a month to month lease from Ducon Technologies Inc., at a monthly rental of $4,000.

The Company’s subsidiary Griffin Filters LLC leases approx. 5,000 sq. ft. of office and warehouse space in Liverpool, New York from a third party in a five year lease at a monthly rent of $2,200 expiring on March 31, 2018.

The Company’s subsidiary ROB Cemtrex GmbH owns and has a 17 year 3.00% interest mortgage on their 70,000 sq. ft. building in Neulingen, Germany. Monthly mortgage payments are €25,000 through March 2031.

11

The Company’s subsidiary ROB Cemtrex GmbH rents a 10,000 sq. ft. manufacturing facility in Sibiu, Romania from a third party in a ten year lease at a monthly rent of €8,000 expiring on May 31, 2019.

The Company’s subsidiary Cemtrex Ltd. leases approximately 600 square feet of office on a month to month rental from a third party in Hong Kong at a monthly rental of $4,133.00.

NOTE 14 – RECENTLY ISSUED ACCOUNTING STANDARDS

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

NOTE 15 - SUBSEQUENT EVENTS

On various dates in July 2015, 79,326 shares of the Company’s common stock were issued to satisfy $154,000 of convertible notes payable (see NOTE 8).

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Except for historical information contained in this report, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this report, words such as “anticipates”, “believes”, “could”, “estimates”, “expects”, “may”, “plans”, “potential” and “intends” and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and their pricing; unexpected manufacturing or supplier problems; the Company’s ability to maintain sufficient credit arrangements; changes in governmental standards by which our environmental control products are evaluated and the risk factors reported from time to time in the Company’s SEC reports, including its recent report on Form 10-K. The Company undertakes no obligation to update forward-looking statements as a result of future events or developments.

General Overview

Cemtrex Inc. ("Cemtrex" or the "Company") is a world leading diversified industrial manufacturing company offering a wide array of solutions around the world to meet today’s technological challenges. Cemtrex, through its wholly owned subsidiaries provides manufacturing services of advanced custom engineered electronic assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.

Cemtrex, through its Electronics Manufacturing Services (EMS) group, provides end to end electronic manufacturing services, which includes product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Cemtrex, through its Environmental Products and Systems group, sells a complete line of air filtration and environmental control products to a wide variety of industrial and manufacturing industries worldwide. The group also manufactures sells, and services monitoring instruments, software and systems for measurement of emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally as well as for industrial processes. The Company also markets monitoring and analysis equipment for gas and liquid measurement for various downstream oil & gas applications as well as various industrial process applications.

Cemtrex, Inc. was incorporated as Diversified American Holding, Inc. on April 27, 1998. On December 16, 2004, the Company changed its name to Cemtrex, Inc.

On October 31, 2013, the Company completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions located in Neulingen, Germany. The ROB Group, founded in 1989, consisted of 4 distinct operating companies, forming a complete electronics design, manufacturing, assembly, and cabling solutions provider that serves the electronics and cabling needs of some of the largest companies in the world in the Medical, Automation, Industrial, and Renewable Energy industries. ROB Group also has a manufacturing facility in Sibiu, Romania. ROB Cemtrex GmbH now operates as a subsidiary of Cemtrex, Inc. (see NOTE 10).

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based upon the accompanying unaudited condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The preparation of financial statements in conformity with U.S. GAAP requires management to make judgments, estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, and the related disclosures at the date of the financial statements and during the reporting period. Although these estimates are based on our knowledge of current events, our actual amounts and results could differ from those estimates. The estimates made are based on historical factors, current circumstances, and the experience and judgment of our management, who continually evaluate the judgments, estimates and assumptions and may employ outside experts to assist in the evaluations.

13

Certain of our accounting policies are deemed “critical”, as they are both most important to the financial statement presentation and require management’s most difficult, subjective or complex judgments as a result of the need to make estimates about the effect of matters that are inherently uncertain. For a discussion of our critical accounting policies, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended September 30, 2014. 

Results of Operations - For the three months ending June 30, 2015 and 2014 

Total revenue for the three months ended June 30, 2015 and 2014 was $14,665,748 and $13,453,734, respectively, an increase of $1,212,014, or 9%. Net income for the three months ended June 30, 2015 and 2014 was $942,505 and $716,100, respectively, an increase of $226,405, or 32%. Net income in the third quarter increased, as compared to net income in the same period last year, due to higher sales in the Environmental products and systems group.

Revenues

Environmental products and systems revenues for three months ended June 30, 2015 increased by $3,827,962 or 69%, to $9,341,099 from $5,513,137 for the three months ended June 30, 2014. The increase was primarily due to an increased demand for environmental products and services in foreign Asian markets.

Electronics manufacturing services revenues for three months ended June 30, 2015 decreased by 2,615,948 or 33% to $5,324,649 from $7,940,597 for the three months ended June 30, 2014. The primary reason for decreased sales was due to the decline in exchange rate of the Euro vs US Dollar. Additionally, the sales were lower due to the timing of shipments of in-house orders during this quarter as compared to the same quarter a year ago.

Gross Profit 

Gross Profit for the three months ended June 30, 2015 was $4,252,202 or 29% of revenues as compared to gross profit of $4,199,962 or 31% of revenues for the three months ended June 30, 2014. The decrease in gross profit percentage in the three months ended June 30, 2015 was a direct result of lower profit margin jobs shipped during this period as compared to the same quarter in the prior year.

Operating Expenses

 Operating expenses for the three months ended June 30, 2015 increased $206,358 or 6% to $3,571,136 from $3,364,778 for the three months ended June 30, 2014. Operating expenses as a percentage of revenue decreased to 24% for the three month periods ended June 30, 2015 compared to 25% for the three month period ended June 30, 2014. The increases in operating expenses were primarily due to increases in salaries and fringe benefits, depreciation expense related to the ROB building and additional legal and accounting expenses.

Other Income/(Expense)

Interest and other income/(expense) for the third quarter of fiscal 2015 was $246,539 as compared to $(102,660) for the third quarter of fiscal 2014. The income was due primarily to forgiveness of some debt in the Electronics manufacturing group.

Provision for Income Taxes

During the third quarter of fiscal 2015 we recorded an income tax benefit of $14,900 compared to an income tax provision accrual of $16,424 for the third quarter of fiscal 2014. The provision for income tax is based upon the projected income tax from the Company’s various U.S. and international subsidiaries that are subject to income taxes.

14

Net Income/Loss

The Company had net income of $898,827 or 6% of revenues, for the three month period ended June 30, 2015 as compared to a net income of $716,100 or 5% of revenues, for the three months ended June 30, 2014. Net income in the third quarter increased, as compared to net income in the same period last year, due largely to higher sales in the Environmental products and systems group and the forgiveness of debt in the Electronic manufacturing group.

Results of Operations - For the nine months ending June 30, 2015 and 2014 

Total revenue for the nine months ended June 30, 2015 and 2014 was $42,839,477 and $33,966,686, respectively, an increase of $8,872,791, or 26%. Net income for the nine months ended June 30, 2015 and 2014 was $2,420,950 and $1,902,267, respectively, an increase of $518,683, or 27%. Net income in the first nine months of fiscal 2015 increased, as compared to net income in the same period last year, due to higher sales in the Environmental products and systems group.

Revenues

Environmental products and systems revenues for the nine months ended June 30, 2015 increased by $11,792,853 or 98%, to $23,825,982 from $12,033,129 for the nine months ended June 30, 2014. The increase was primarily due to an increased demand for environmental products and services in foreign Asian markets.

Electronics manufacturing services revenues for nine months ended June 30, 2015 decreased by $2,920,062 or 13% to $19,013,495 from $21,933,557 for the nine months ended June 30, 2014. The primary reason for decreased sales was due to the decline in exchange rate of the Euro vs US Dollar. Additionally, the sales were lower due to the timing of shipments of in-house orders during this quarter as compared to the similar quarter a year ago.

Gross Profit 

Gross Profit for the nine months ended June 30, 2015 was $12,519,767 or 29% of revenues as compared to gross profit of $11,069,826 or 33% of revenues for the nine months ended June 30, 2014. The increase in gross profit dollars was due to higher sales in the Environmental products and systems group. The decrease percentage in the nine months ended June 30, 2015 was a direct result of lower profit margin jobs shipped during this period as compared to the same period in the prior year.

Operating Expenses

Operating expenses for the nine months ended June 30, 2015 increased $1,695,067 or 25% to $10,639,893 from $8,944,826 for the nine months ended June 30, 2014. Operating expenses as a percentage of revenue decreased to 25% for the nine month period ended June 30, 2015 as compared to 26% for the nine months ended June 30, 2014. The increases in operating expenses were primarily due to increases in salaries and fringe benefits, depreciation expense related to the ROB building and additional legal and accounting expenses.

Other Income/(Expense)

Interest and other income/(expense) for the first three quarters of fiscal 2015 was $426,076 as compared to $(189,033) for the first three quarters of fiscal 2014. The income was due primarily to forgiveness of some debt in the Electronics manufacturing group.

Provision for Income Taxes

During the first three quarters of fiscal 2015 we recorded an income tax benefit of $115,000 compared to an income tax provision accrual of $33,700 for the first three quarters of fiscal 2014. The provision for income tax is based upon the projected income tax from the Company’s various U.S. and international subsidiaries that are subject to income taxes.

15

Net Income/Loss

The Company had net income of $2,420,950 or 6% of revenues, for the nine month period ended June 30, 2015 as compared to a net income of $1,902,267 or 6% of revenues, for the nine months ended June 30, 2014. Net income in the first three quarters increased, as compared to net income in the same period last year, due largely to higher sales in the Environmental products and systems group and the forgiveness of debt in the Electronic manufacturing group.

Effects of Inflation

The Company’s business and operations have not been materially affected by inflation during the periods for which financial information is presented.

Liquidity and Capital Resources

Working capital was $6,375,415 at June 30, 2015 compared to $7,631,897 at September 30, 2014. This includes cash and cash equivalents of $872,795 at June 30, 2015 and $146,095 at September 30, 2014, respectively. The decrease in working capital was primarily due to increases in trade receivables, inventory, prepaid expenses and other current assets, purchases of property and equipment, payments on affiliated loans, and payments on bank loans, offset by a decrease in other assets, increases in accounts payable and accrued expenses, redemption of short-term investments, and proceeds from convertible notes.

Trade receivables increased $2,704,575 or 67% to $6,742,915 at June 30, 2015 from $4,038,340 at September 30, 2014. The increase in trade receivables is attributable to the timing of shipments of in-house orders not delivered in the prior quarter and collection of trade receivables.

Inventories increased $6,989 or less than 1% to $6,277,316 at June 30, 2015 from $6,270,327 at September 30, 2014. The increase in inventories was due to timing management of purchases for in-house orders.

Operating activities provided $3,107,487 of cash for the nine months ended June 30, 2015 compared to using cash of $1,336,662 of cash for the nine months ended June 30, 2014. The increase in operating cash flows was primarily due to the increase of trade payables during the nine months ended June 30, 2015.

Investment activities used $386,392 of cash for the nine months ended June 30, 2015 compared to using cash of $13,434,392 during the nine month period ended June 30, 2014. Investing activities were primarily driven by the purchase of property and equipment offset by the redemption of short-term investments.

Financing activities used $1,994,395 of cash for the nine month period ended June 30, 2015 as compared to providing cash of $16,014,329 in the nine month period ended June 30, 2014. Financing activities were primarily driven by payments on bank and affiliated loans offset by proceeds from convertible notes payable.

We believe that our cash on hand, cash generated by operations, is sufficient to meet the capital demands of our current operations during the 2015 fiscal year (ending September 30, 2015). Any major increases in sales, particularly in new products, may require substantial capital investment. Failure to obtain sufficient capital could materially adversely impact our growth potential.

16

Item 4. Controls and Procedures 

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures reporting as promulgated under the Exchange Act is defined as controls and procedures that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act are recorded, processed, summarized and reported within the time periods specified in the SEC rules and forms. Disclosure controls and procedures include without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer (“CEO”) and Vice President of Finance (“VPF”), or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Our CEO and our VPF have evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of June 30, 2015 and have concluded that the Company’s disclosure controls and procedures were effective as of June 30, 2015.

Changes in Internal Control Over Financial Reporting

There was no change in the Company’s internal control over financial reporting during the Company’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

17

Part II Other Information

Item 6. Exhibits

31.1	Certification of Chief Executive Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Vice President of Finance and Principal Financial Officer as required by Rule 13a-14 or 15d-14 of the Exchange Act, as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of 2002.
32.2	Certification of Vice President of Finance and Principal Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act 0f of 2002.
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

18

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Cemtrex, Inc.
Dated: August 11, 2015	By:	/s/Saagar Govil
		Saagar Govil
		Chief Executive Officer
Dated: August 11, 2015		/s/Renato Dela Rama
		Renato Dela Rama
		Vice President of Finance
		and Principal Financial Officer

19

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO RULE 13a/15d OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Saagar Govil, certify that:

1. I have reviewed this report on Form 10-Q of Cemtrex, Inc. and subsidiaries (the “registrant);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/Saagar Govil

Saagar Govil

Chief Executive Officer

Dated: August 11, 2015

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO RULE 13a/15d OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Renato Dela Rama, certify that:

1. I have reviewed this report on Form 10-Q of Cemtrex, Inc. and subsidiaries (the “registrant);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/Renato Dela Rama  .

Renato Dela Rama

Vice President of Finance

and Principal Financial Officer

Dated: August 11, 2015

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Cemtrex, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Saagar Govil, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Saagar Govil.

Saagar Govil

Chief Executive Officer

Dated: August 11, 2015

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Cemtrex, Inc. (the “Company”) on Form 10-Q for the quarter ended June 30, 2015, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Renato Dela Rama, Vice President of Finance and Principal Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1) the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Renato Dela Rama.

Renato Dela Rama

Vice President of Finance

and Principal Financial Officer

Dated: August 11, 2015

XML

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Related Party Transaction [Line Items]
Notes Payable, Related Parties, Noncurrent	$ 507,855	$ 1,869,791
Ducon Technologies, Inc [Member]
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Notes Payable, Related Parties, Noncurrent	$ 507,855	$ 1,869,791

XML

PROPERTY AND EQUIPMENT (Tables)

9 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property and equipment are summarized as follows:

	June 30,		September 30,
	2015		2014
Land		1,167,640	$	1,065,500
Building		3,857,772		4,387,880
Furniture and office equipment		534,358		316,715
Computer software		236,801		46,619
Machinery and equipment		3,364,048		2,234,423
		9,160,619		8,051,137
Less: Accumulated depreciation		(1,273,622)		(652,041)
Property and equipment, net		7,886,997	$	7,399,096

XML

SUBSEQUENT EVENTS (Details Textual) - Convertible Notes Payable [Member] - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2015	Jun. 30, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		97,323	97,323
Extinguishment of Debt, Amount		$ 204,000	$ 204,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued	79,326
Extinguishment of Debt, Amount	$ 154,000

XML

BUSINESS COMBINATION (Details 1) - ROB Cemtrex GmbH [Member]	Jun. 30, 2015 USD ($)
Business Acquisition [Line Items]
Inventories	$ 4,941,350
Property and Equipment	981,593
Other long-term assets	13,355
Net assets acquired	$ 5,936,298

XML

TRADE RECEIVABLES, NET

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 4 – TRADE RECEIVABLES, NET

Trade receivables, net consist of the following:

	June 30,		September 30,
	2015		2014
Trade receivables	$	6,807,257	$	4,106,441
Allownce for doubtful accounts		(64,342)		(68,101)
	$	6,742,915	$	4,038,340

Trade receivables include amounts due for shipped products and services rendered.

Allowance for doubtful accounts include estimated losses resulting from the inability of our customers to make required payments.

XML

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	$ 0	$ 559,815	$ 661,425
Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		661,425
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		661,425
Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		661,425
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		0
Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	0		0
Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Investments	$ 0		$ 0

XML

BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES (Details Textual)	9 Months Ended
	Jun. 30, 2015
Griffin Filters [Member]
Basis Of Presentation And Critical Accounting Policies [Line Items]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	100.00%
Cemtrex Ltd [Member]
Basis Of Presentation And Critical Accounting Policies [Line Items]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	100.00%
ROB Cemtrex GmbH [Member]
Basis Of Presentation And Critical Accounting Policies [Line Items]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	100.00%

XML

TRADE RECEIVABLES, NET (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 6,807,257	$ 4,106,441
Allownce for doubtful accounts	(64,342)	(68,101)
Trade Receivables, Net, Total	$ 6,742,915	$ 4,038,340

XML

INVENTORY, NET (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Inventory [Line Items]
Raw materials	$ 3,454,959	$ 3,449,501
Work in progress	1,351,225	1,254,013
Finished goods	1,620,099	1,715,780
Inventory, Gross, Total	6,426,283	6,419,294
Less: Allowance for inventory obsolensence	(148,967)	(148,967)
Inventory -net of allowance for inventory obsolescence	$ 6,277,316	$ 6,270,327

XML

FAIR VALUE MEASUREMENTS

9 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

NOTE 3 – FAIR VALUE MEASUREMENTS

The Company complies with the provisions of ASC 820 “Fair Value Measurements and Disclosures” (“ASC 820”).  Under ASC 820, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.

The following tables present information about the Company’s assets measured at fair value as of June 30, 2015 and June 30, 2014:

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Unobservable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2015
Assets
Investment in certificates of deposit (included in short-term investments)	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Observable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2014
Assets
Investment in certificates of deposit (included in short-term investments)	$	661,425	$	-	$	-	$	661,425
	$	661,425	$	-	$	-	$	661,425

XML

PROPERTY AND EQUIPMENT (Details) - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Land	$ 1,167,640	$ 1,065,500
Building	3,857,772	4,387,880
Furniture and office equipment	534,358	316,715
Computer software	236,801	46,619
Machinery and equipment	3,364,048	2,234,423
Property, Plant and Equipment, Gross, Total	9,160,619	8,051,137
Less: Accumulated depreciation	(1,273,622)	(652,041)
Property and equipment, net	$ 7,886,997	$ 7,399,096

XML

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)		3 Months Ended	9 Months Ended	12 Months Ended
	Apr. 03, 2015	Jun. 30, 2015	Jun. 30, 2015	Sep. 30, 2014
Schedule of Equity Method Investments [Line Items]
Preferred Stock, Shares Authorized		10,000,000	10,000,000	10,000,000
Preferred Stock, Par Or Stated Value Per Share		$ 0.001	$ 0.001	$ 0.001
Preferred Stock, Shares Issued		1,000,000	1,000,000	1,000,000
Preferred Stock, Shares Outstanding		1,000,000	1,000,000	1,000,000
Preferred Stock, Voting Rights			Each issued and outstanding Series A Preferred Share shall be entitled to the number of votes equal to the result of: (i) the number of shares of common stock of the Company issued and outstanding at the time of such vote multiplied by 1.01; divided by (ii) the total number of Series A Preferred Shares issued and outstanding at the time of such vote, at each meeting of shareholders of the Company with respect to any and all matters presented to the shareholders of the Company for their action or consideration, including the election of directors. Holders of Series A Preferred Shares shall vote together with the holders of Common Shares as a single class.
Common Stock, Shares Authorized		20,000,000	20,000,000	20,000,000
Common Stock, Par Or Stated Value Per Share		$ 0.001	$ 0.001	$ 0.001
Common Stock, Shares, Issued		6,884,941	6,884,941	6,766,587
Common Stock, Shares, Outstanding		6,884,941	6,884,941	6,766,587
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		7,930	16,264
Stockholders' Equity, Reverse Stock Split	On April 3, 2015, our Board of Directors approved a reverse split of our common stock, par value $0.001, at a ratio of one-for-six. This reverse stock split became effective on April 15, 2015
Convertible Notes Payable [Member]
Schedule of Equity Method Investments [Line Items]
Debt Conversion, Converted Instrument, Shares Issued		97,323	97,323
Extinguishment of Debt, Amount		$ 204,000	$ 204,000
ROB Cemtrex GmbH [Member] | Executive Officer [Member]
Schedule of Equity Method Investments [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				100,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price				$ 1.80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			16,264
Series A Preferred Stock [Member]
Schedule of Equity Method Investments [Line Items]
Preferred Stock, Shares Authorized		10,000,000	10,000,000	10,000,000
Preferred Stock, Par Or Stated Value Per Share		$ 0.001	$ 0.001	$ 0.001
Preferred Stock, Shares Issued		1,000,000	1,000,000	1,000,000
Preferred Stock, Shares Outstanding		1,000,000	1,000,000	1,000,000

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Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Sep. 30, 2014
Current assets
Cash and equivalents	$ 872,795	$ 146,095
Short-term investments	0	559,815
Trade receivables, net	6,742,915	4,038,340
Inventory -net of allowance for inventory obsolescence	6,277,316	6,270,327
Prepaid expenses and other assets	1,809,896	531,262
Total current assets	15,702,922	11,545,839
Property and equipment, net	7,886,997	7,399,096
Goodwill	845,000	845,000
Other	42,691	52,428
Total Assets	24,477,610	19,842,363
Current liabilities
Accounts payable	6,563,119	2,721,705
Accrued expenses	540,441	440,436
Accrued income taxes	62,032	62,032
Convertible notes payable	1,528,000	0
Current portion of long-term liabilities	633,915	689,769
Total current liabilities	9,327,507	3,913,942
Long-term liabilities
Loans payable to bank	4,635,253	5,508,199
Mortgage payable	4,057,612	4,906,922
Notes payable - related party	507,855	1,869,791
Total liabilities	18,528,227	16,198,854
Commitments and contingencies	0	0
Stockholders' equity (deficit)
Preferred stock series A, $0.001 par value, 10,000,000 shares authorized, 1,000,000 shares issued and outstanding, respectively	1,000	1,000
Common stock, $0.001 par value, 20,000,000 shares authorized, 6,884,941 shares issued and outstanding at June 30, 2015 and 6,766,587 shares issued and outstanding at September 30, 2014	6,885	6,767
Additional paid-in capital	466,717	199,562
Retained earnings (accumulated deficit)	6,013,689	3,592,739
Accumulated other comprehensive income (loss)	(538,908)	(156,559)
Total stockholders' equity (deficit)	5,949,383	3,643,509
Total liabilities and stockholders' equity (deficit)	$ 24,477,610	$ 19,842,363

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ORGANIZATION AND PLAN OF OPERATIONS

9 Months Ended

Jun. 30, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Nature Of Operations [Text Block]

NOTE 1 – ORGANIZATION AND PLAN OF OPERATIONS

Cemtrex Inc. ("Cemtrex" or the "Company") is a world leading diversified industrial manufacturing company offering a wide array of solutions around the world to meet today’s technological challenges. Cemtrex, through its wholly owned subsidiaries provides manufacturing services of advanced custom engineered electronic assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.

Cemtrex, through its Electronics Manufacturing Services (EMS) group, provides end to end electronic manufacturing services, which includes product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Cemtrex, through its Environmental Products and Systems group, sells a complete line of air filtration and environmental control products to a wide variety of industrial and manufacturing industries worldwide. The group also manufactures sells, and services monitoring instruments, software and systems for measurement of emissions of Greenhouse gases, hazardous gases, particulate and other regulated pollutants used in emissions trading globally as well as for industrial processes. The Company also markets monitoring and analysis equipment for gas and liquid measurement for various downstream oil & gas applications as well as various industrial process applications.

Cemtrex, Inc. was incorporated as Diversified American Holding, Inc. on April 27, 1998. On December 16, 2004, the Company changed its name to Cemtrex, Inc.

On October 31, 2013, the Company completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions located in Neulingen, Germany. The ROB Group, founded in 1989, consisted of 4 distinct operating companies, forming a complete electronics design, manufacturing, assembly, and cabling solutions provider that serves the electronics and cabling needs of some of the largest companies in the world in the Medical, Automation, Industrial, and Renewable Energy industries. ROB Group also has a manufacturing facility in Sibiu, Romania. ROB Cemtrex GmbH now operates as a subsidiary of Cemtrex, Inc. (see NOTE 10).

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LONG-TERM LIABILITIES (Details Textual)	1 Months Ended
	May. 31, 2014 EUR (€)	May. 28, 2014 USD ($)	Mar. 30, 2014 USD ($)	Feb. 28, 2014 EUR (€)	Oct. 31, 2013 USD ($)	Jun. 30, 2015 USD ($)	Sep. 30, 2014 USD ($)	May. 28, 2014 EUR (€)	Mar. 30, 2014 EUR (€)	Oct. 31, 2013 EUR (€)
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent						$ 4,635,253	$ 5,508,199
Participating Mortgage Loans, Mortgage Obligations, Amount			$ 5,500,400						€ 4,000,000
Mortgage Loans on Real Estate, Interest Rate			3.00%
Mortgage Loans on Real Estate, Periodic Payment Terms			17 years
Loan payable to bank One [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent					$ 4,006,500					€ 3,000,000
Debt Instrument, Interest Rate, Stated Percentage					4.95%					4.95%
Debt Instrument, Maturity Date					Oct. 30, 2021
Loan payable to bank One [Member] | ROB Cemtrex GmbH Acquisition [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent					$ 2,799,411
Loan payable to bank One [Member] | ROB Cemtrex GmbH Funded Operations [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent					1,207,089
Loan payable to bank Two [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent					$ 1,335,500					€ 1,000,000
Debt Instrument, Interest Rate, Stated Percentage					4.00%					4.00%
Increased Line Of Credit Facility | €	€ 500,000			€ 500,000
Line of Credit Facility, Increase (Decrease), Net | €	€ 2,000,000
Loan Payable To Bank Three [Member]
Debt Instrument [Line Items]
Loans Payable to Bank, Noncurrent		$ 272,840						€ 200,000
Debt Instrument, Interest Rate, Stated Percentage		4.50%						4.50%
Debt Instrument, Term		4 years

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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Jun. 30, 2015

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following tables present information about the Company’s assets measured at fair value as of June 30, 2015 and June 30, 2014:

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Unobservable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2015
Assets
Investment in certificates of deposit (included in short-term investments)	$	-	$	-	$	-	$	-
	$	-	$	-	$	-	$	-

	Quoted Prices		Significant
	in Active		Other		Significant		Balance
	Markets for		Observable		Observable		as of
	Identical Assets		Inputs		Inputs		June 30,
	(Level 1)		(Level 2)		(Level 3)		2014
Assets
Investment in certificates of deposit (included in short-term investments)	$	661,425	$	-	$	-	$	661,425
	$	661,425	$	-	$	-	$	661,425

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BUSINESS COMBINATION (Details)	1 Months Ended
	Oct. 31, 2013 USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	$ 5,936,298
Loan From Bank [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	3,133,286
Loan From Related Party [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	$ 2,803,012

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INVENTORY, NET (Tables)

9 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventory, net of reserves, consist of the following:

	June 30,		September 30,
	2015		2014
Raw materials	$	3,454,959	$	3,449,501
Work in progress		1,351,225		1,254,013
Finished goods		1,620,099		1,715,780
		6,426,283		6,419,294
Less: Allowance for inventory obsolensence		(148,967)	$	(148,967)
Inventory –net of allowance for inventory obsolescence	$	6,277,316	$	6,270,327

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BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE 2 – BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES

Basis of Presentation and Use of Estimates

The accompanying unaudited financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2014 (“2014 Annual Report”) of Cemtrex Inc. (“Cemtrex” or the “Company”). A summary of the Company’s significant accounting policies is identified in Note 1 of the notes to the consolidated financial statements included in the Company’s 2014 Annual Report. There have been no changes in the Company’s significant accounting policies subsequent to September 30, 2014.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X pursuant to the requirements of the U.S. Securities and Exchange Commission (‘SEC”). Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the disclosure of contingent assets and liabilities in the consolidated financial statements and the accompanying notes, and the reported amounts of revenues, expenses and cash flows during the periods presented. Actual amounts and results could differ from those estimates. The estimates and assumptions the Company makes are based on historical factors, current circumstances and the experience and judgment of the Company's management. The Company evaluates its estimates and assumptions on an ongoing basis.

The consolidated financial statements of the Company include the accounts of its 100% owned subsidiaries, Griffin Filters LLC, Cemtrex Ltd., and ROB Cemtrex GmbH. All significant intercompany balances and transactions have been eliminated.

Significant Accounting Policies

Note 2 of the Notes to Consolidated Financial Statements, included in the annual report on Form 10-K for the year ended September 30, 2014, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements.

Reclassifications

Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

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Consolidated Balance Sheets [Parenthetical] - $ / shares	Jun. 30, 2015	Sep. 30, 2014
Preferred Stock Series A, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock Series A, shares authorized	10,000,000	10,000,000
Preferred Stock Series A, shares issued	1,000,000	1,000,000
Preferred Stock Series A, shares outstanding	1,000,000	1,000,000
Common Stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common Stock, shares authorized	20,000,000	20,000,000
Common Stock, shares issued	6,884,941	6,766,587
Common Stock, shares outstanding	6,884,941	6,766,587

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STOCKHOLDERS' EQUITY

9 Months Ended

Jun. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders Equity Note Disclosure [Text Block]

NOTE 12 – STOCKHOLDERS’ EQUITY

Series A Preferred Stock

The Company is authorized to issue 10,000,000 shares of Series A Preferred Stock, $0.001 par value. As of June 30, 2015 and September 30, 2014, there were 1,000,000 shares issued and outstanding, respectively.

Each issued and outstanding Series A Preferred Share shall be entitled to the number of votes equal to the result of: (i) the number of shares of common stock of the Company issued and outstanding at the time of such vote multiplied by 1.01; divided by (ii) the total number of Series A Preferred Shares issued and outstanding at the time of such vote, at each meeting of shareholders of the Company with respect to any and all matters presented to the shareholders of the Company for their action or consideration, including the election of directors. Holders of Series A Preferred Shares shall vote together with the holders of Common Shares as a single class.

During the three and nine month periods ending June 30, 2015 and 2014, the Company did not issue any Series A Preferred Stock.

Reverse Stock Split

On April 3, 2015, our Board of Directors approved a reverse split of our common stock, par value $0.001, at a ratio of one-for-six. This reverse stock split became effective on April 15, 2015 and, unless otherwise indicated, all share amounts. Per share data, share prices, exercise prices and conversion rates set forth in this Report and the accompanying consolidated financial statements have, where applicable, been adjusted retroactively to reflect this reverse stock split.

Listing on NASDAQ Capital Markets

On June 25, 2015 the Company’s common stock commenced trading on the NASDAQ Capital Markets under the symbol “CETX”.

Common Stock

The Company is authorized to issue 20,000,000 shares of common stock, $0.001 par value. As of June 30, 2015 there were 6,884,941 shares issued and outstanding and at September 30, 2014, there were 6,766,587 shares issued and outstanding.

During the three and nine month periods ended June 31, 2015 the Company issued 7,930 and 16,264 shares of common stock, respectively, related to the stock options discussed below. During the three and nine month periods ended June 30, 2014, the Company did not issue any common stock.

During the fiscal year ended September 30, 2014 the company granted stock options for 100,000 shares to employees of the Company. These options have a call price of $1.80 per share, vest over four years, and expire after six years. As of June 30, 2015, 16,264 shares have been exercised and none have expired or have been cancelled.

During the three and nine month period ending June 30, 2015 the company issued 97,323 shares of common stock to satisfy $204,000 of convertible notes payable (see NOTE 8).

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Document And Entity Information - shares	9 Months Ended
	Jun. 30, 2015	Aug. 04, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Entity Registrant Name	CEMTREX INC
Entity Central Index Key	0001435064
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CETX
Entity Common Stock, Shares Outstanding		6,964,461

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COMMITMENTS AND CONTIGENCIES

9 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 13 – COMMITMENTS AND CONTIGENCIES

The Company leases its principal office at Farmingdale, New York, 4,000 square feet of office and warehouse/shop space in a single story commercial structure on a month to month lease from Ducon Technologies Inc., at a monthly rental of $4,000.

The Company’s subsidiary Griffin Filters LLC leases approx. 5,000 sq. ft. of office and warehouse space in Liverpool, New York from a third party in a five year lease at a monthly rent of $2,200 expiring on March 31, 2018.

The Company’s subsidiary ROB Cemtrex GmbH owns and has a 17 year 3.00% interest mortgage on their 70,000 sq. ft. building in Neulingen, Germany. Monthly mortgage payments are €25,000 through March 2031.

The Company’s subsidiary ROB Cemtrex GmbH rents a 10,000 sq. ft. manufacturing facility in Sibiu, Romania from a third party in a ten year lease at a monthly rent of €8,000 expiring on May 31, 2019.

The Company’s subsidiary Cemtrex Ltd. leases approximately 600 square feet of office on a month to month rental from a third party in Hong Kong at a monthly rental of $4,133.00.

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Consolidated Statements of Operations and Comprehensive Income/(Loss) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Revenues	$ 14,665,748	$ 13,453,734	$ 42,839,477	$ 33,966,686
Cost of goods sold
Cost of revenues	10,413,546	9,253,772	30,319,710	22,896,860
Gross profit	4,252,202	4,199,962	12,519,767	11,069,826
Operating expenses
General and administrative	3,571,136	3,364,778	10,639,893	8,944,826
Total operating expenses	3,571,136	3,364,778	10,639,893	8,944,826
Operating income (loss)	681,066	835,184	1,879,874	2,125,000
Other income (expense)
Other Income (expense)	383,693	45,601	893,302	102,424
Interest Expense	(137,154)	(148,261)	(467,226)	(291,457)
Total other income (expense)	246,539	(102,660)	426,076	(189,033)
Net income (loss) before income taxes	927,605	732,524	2,305,950	1,935,967
Provision for income taxes	(14,900)	16,424	(115,000)	33,700
Net income (loss)	942,505	716,100	2,420,950	1,902,267
Other comprehensive income/(loss)
Foreign currency translation gain/(loss)	(113,747)	123,228	(382,349)	249,311
Comprehensive income/(loss)	$ 828,758	$ 839,328	$ 2,038,601	$ 2,151,578
Net income per common share:
Income (Loss) Per Share-Basic (in dollars per share)	$ 0.14	$ 0.11	$ 0.36	$ 0.28
Income (Loss) Per Share-Diluted (in dollars per share)	$ 0.14	$ 0.11	$ 0.35	$ 0.28
Weighted average common shares outstanding:
Weighted Average Number of Shares-Basic (in shares)	6,835,623	6,766,587	6,794,225	6,766,587
Weighted Average Number of Shares-Diluted (in shares)	6,882,870	6,766,587	6,924,603	6,766,587

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PREPAID AND OTHER CURRENT ASSETS

9 Months Ended

Jun. 30, 2015

Prepaid Expense and Other Assets, Current [Abstract]

Prepaid, and Other Current Assets [Text Block]

NOTE 7 – PREPAID AND OTHER CURRENT ASSETS

On June 30, 2015 the Company had prepaid and other current assets consisting of prepayments on inventory purchases of $936,388, the current year income tax benefit of $115,000 and other current assets of $758,508. On June 30, 2014 the company had prepaid and other current assets consisting of prepayments on inventory purchases of $1,447,828 and other current assets of $4,225.

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PROPERTY AND EQUIPMENT

9 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY AND EQUIPMENT

Property and equipment are summarized as follows:

	June 30,		September 30,
	2015		2014
Land		1,167,640	$	1,065,500
Building		3,857,772		4,387,880
Furniture and office equipment		534,358		316,715
Computer software		236,801		46,619
Machinery and equipment		3,364,048		2,234,423
		9,160,619		8,051,137
Less: Accumulated depreciation		(1,273,622)		(652,041)
Property and equipment, net		7,886,997	$	7,399,096

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TRADE RECEIVABLES, NET (Tables)

9 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Trade receivables, net consist of the following:

	June 30,		September 30,
	2015		2014
Trade receivables	$	6,807,257	$	4,106,441
Allownce for doubtful accounts		(64,342)		(68,101)
	$	6,742,915	$	4,038,340

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RECENTLY ISSUED ACCOUNTING STANDARDS

9 Months Ended

Jun. 30, 2015

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

NOTE 14 – RECENTLY ISSUED ACCOUNTING STANDARDS

The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the consolidated financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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BUSINESS COMBINATION

9 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

NOTE 10 – BUSINESS COMBINATION

On October 31, 2013, the Company completed the acquisition of the privately held ROB Group, a leader in electronics manufacturing solutions located in Neulingen, Germany. The ROB Group, founded in 1989, consisted of 4 distinct operating companies, forming a complete electronics design, manufacturing, assembly, and cabling solutions provider that serves the electronics and cabling needs of some of the largest companies in the world in the Medical, Automation, Industrial, and Renewable Energy industries. ROB Group also has a manufacturing facility in Sibiu, Romania. ROB Cemtrex GmbH now operates as a subsidiary of Cemtrex, Inc..

The acquisition date fair value of the total consideration transferred was $5.936 million, which consisted of the following:

Loan from bank		3,133,286
Loan from related party		2,803,012
Total Purchase Price	$	5,936,298

In accordance with Accounting Standards Codification ("ASC") 805, Business Combinations ("ASC 805"), the total purchase consideration is allocated to the net tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values as of October 31, 2013 (the acquisition date). The purchase price was allocated based on the information currently available, and may be adjusted after obtaining more information regarding, among other things, asset valuations, liabilities assumed, and revisions of preliminary estimates.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:

Inventories	$	4,941,350
Property and Equipment		981,593
Other long-term assets		13,355
Net assets acquired	$	5,936,298

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CONVERTIBLE NOTES PAYABLE

9 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 8 – CONVERTIBLE NOTES PAYABLE

On June 30, 2015 the Company has the following unsecured convertible notes, issued on the dates listed, to various unrelated third parties outstanding.

· December 30, 2014 for $154,000

· February 6, 2015 for $150,000

· March 24, 2015 for $150,000

· May 7, 2015 for $200,000

· May 12, 2015 for $174,000

· June 25, 2015 for $300,000

Each convertible note matures in nine (9) months with an interest rate of 8% per annum, and can be converted into Company’s common stock at a conversion price equaling 65% of the market price only after six months from the date of issuance at the holder’s option.

Additionally, the Company issued unsecured convertible notes to an unrelated third party, in the amount of $200,000 on March 26, 2015 and an additional $200,000 on June 8, 2015. The twelve (12) month maturity notes carry an interest rate of 10% per annum, and can be converted into Company’s common stock at a conversion price equaling 70% of the market price only after six months from the date of issuance at the holder’s option.

The use of the proceeds from the notes issued is for growth capital and planned acquisitions. As per the terms of these convertible notes the Company has reserved 1,500,000 shares (post reverse split basis) representing approximately six times the actual shares that would be issued upon conversion of all the notes.

As of June 30, 2015, 97,923 shares of the Company’s common stock have been issued to satisfy $204,000 of convertible notes payable.

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LONG-TERM LIABILITIES

9 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

NOTE 9 – LONG-TERM LIABILITIES

Loans payable to bank

On October 31, 2013, the company acquired a loan from Sparkasse Bank of Germany in the amount of €3,000,000 ($4,006,500, based upon exchange rate on October 31, 2013) in order to fund the purchase of ROB Cemtrex GmbH. $2,799,411 of the proceeds went to direct purchase of ROB Cemtrex GmbH and $1,207,089 funded beginning operations. This loan carries interest of 4.95% per annum and is payable on October 30, 2021.

On October 31, 2013, the company acquired a loan from Sparkasse Bank of Germany in the amount of €1,000,000 ($1,335,500, based upon exchange rate on October 31, 2013) in order to further fund the operations of ROB Cemtrex GmbH. This loan carries interest of 4.00% per annum and is payable on October 30, 2015. In February of 2014 and in May of 2014 the Company increased this credit line by €500,000 at each instance to a total of €2,000,000.

On May 28, 2014 the Company financed an upgrade of the information technology infrastructure for ROB Cemtrex GmbH. The purchase was fully financed through Sparkasse Bank of Germany for €200,000 ($272,840 based upon the exchange rate on May 28, 2014). This loan carries interest of 4.50% and is payable over 4 years.

Mortgage payable

On March 1, 2014 the Company completed the purchase of the building that ROB Cemtrex GmbH occupies in Neulingen, Germany. The purchase was fully financed through Sparkasse Bank of Germany for €4,000,000 ($5,500,400 based upon the exchange rate on March 1, 2014). This mortgage carries interest of 3.00% and is payable over 17 years.

Notes payable – related party

Please see Note 11 – Related Party Transactions for details on notes payable to Ducon Technologies, Inc

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RELATED PARTY TRANSACTIONS

9 Months Ended

Jun. 30, 2015

Related Party Transactions [Abstract]

Concentration Risk Disclosure [Text Block]

NOTE 11 – RELATED PARTY TRANSACTIONS

The Company has Notes payable to Ducon Technologies Inc., totaling $507,855 and $1,869,791 at June 30, 2015 and September 30, 2014, respectively. These notes are unsecured and carry 5% interest per annum.

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CONVERTIBLE NOTES PAYABLE (Details Textual) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 26, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 25, 2015	Jun. 08, 2015	May. 12, 2015	May. 07, 2015	Mar. 24, 2015	Feb. 06, 2015	Dec. 30, 2014
Short-term Debt [Line Items]
Shares Reserved For Debt Conversion		1,500,000	1,500,000
Convertible Notes Payable [Member]
Short-term Debt [Line Items]
Extinguishment of Debt, Amount		$ 204,000	$ 204,000
Debt Conversion, Converted Instrument, Shares Issued		97,323	97,323
Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable	$ 200,000				$ 200,000
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Convertible, Terms of Conversion Feature	converted into Companys common stock at a conversion price equaling 70% of the market price only after six months from the date of issuance at the holders option
Debt Instrument, Term	12 months
Various Unrelated Third Parties [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		8.00%	8.00%
Debt Instrument, Convertible, Terms of Conversion Feature			converted into Companys common stock at a conversion price equaling 65% of the market price only after six months from the date of issuance at the holders option
Debt Instrument, Term			9 months
Second Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable										$ 154,000
Third Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable									$ 150,000
Fourth Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable								$ 150,000
Fifth Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable							$ 200,000
Sixth Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable						$ 174,000
Seventh Issue [Member] | Unsecured Debt [Member]
Short-term Debt [Line Items]
Convertible Notes Payable				$ 300,000

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BASIS OF PRESENTATION AND CRITICAL ACCOUNTING POLICIES (Policies)

9 Months Ended

Jun. 30, 2015

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Use of Estimates

The accompanying unaudited financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K for the year ended September 30, 2014 (“2014 Annual Report”) of Cemtrex Inc. (“Cemtrex” or the “Company”). A summary of the Company’s significant accounting policies is identified in Note 1 of the notes to the consolidated financial statements included in the Company’s 2014 Annual Report. There have been no changes in the Company’s significant accounting policies subsequent to September 30, 2014.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the Unites States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X pursuant to the requirements of the U.S. Securities and Exchange Commission (‘SEC”). Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The results of operations for the interim periods are not necessarily indicative of the results of operations for the entire year.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the disclosure of contingent assets and liabilities in the consolidated financial statements and the accompanying notes, and the reported amounts of revenues, expenses and cash flows during the periods presented. Actual amounts and results could differ from those estimates. The estimates and assumptions the Company makes are based on historical factors, current circumstances and the experience and judgment of the Company's management. The Company evaluates its estimates and assumptions on an ongoing basis.

The consolidated financial statements of the Company include the accounts of its 100% owned subsidiaries, Griffin Filters LLC, Cemtrex Ltd., and ROB Cemtrex GmbH. All significant intercompany balances and transactions have been eliminated.

Significant Accounting Policies

Note 2 of the Notes to Consolidated Financial Statements, included in the annual report on Form 10-K for the year ended September 30, 2014, includes a summary of the significant accounting policies used in the preparation of the consolidated financial statements.

Reclassification, Policy [Policy Text Block]

Reclassifications

Certain reclassifications have been made to prior period amounts to conform to the current period presentation.

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BUSINESS COMBINATION (Tables)

9 Months Ended

Jun. 30, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The acquisition date fair value of the total consideration transferred was $5.936 million, which consisted of the following:

Loan from bank		3,133,286
Loan from related party		2,803,012
Total Purchase Price	$	5,936,298

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:

Inventories	$	4,941,350
Property and Equipment		981,593
Other long-term assets		13,355
Net assets acquired	$	5,936,298

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COMMITMENTS AND CONTIGENCIES (Details Textual)	1 Months Ended	9 Months Ended
	Mar. 30, 2014	Jun. 30, 2015 USD ($) ft²	Jun. 30, 2015 EUR (€) ft²
Commitments And Contingencies Disclosure [Line Item]
Mortgage Loans on Real Estate, Interest Rate	3.00%
office and warehouse space [Member]
Commitments And Contingencies Disclosure [Line Item]
Area of Land		4,000	4,000
Lease And Rental Expense Per Month | $		$ 4,000
Griffin Filters [Member]
Commitments And Contingencies Disclosure [Line Item]
Lease Expiration Date		Mar. 31, 2018	Mar. 31, 2018
Griffin Filters [Member] | office and warehouse space [Member]
Commitments And Contingencies Disclosure [Line Item]
Area of Land		5,000	5,000
Lease And Rental Expense Per Month | $		$ 2,200
ROB Cemtrex GmbH [Member]
Commitments And Contingencies Disclosure [Line Item]
Lease Expiration Date		Mar. 31, 2031	Mar. 31, 2031
Mortgage Loans on Real Estate Periodic Payments | €			€ 25,000
ROB Cemtrex GmbH [Member] | mortgage [Member]
Commitments And Contingencies Disclosure [Line Item]
Area of Land		70,000	70,000
Lease Term		17 years	17 years
Mortgage Loans on Real Estate, Interest Rate		3.00%	3.00%
ROB Cemtrex GmbH [Member] | Manufacturing Facility [Member]
Commitments And Contingencies Disclosure [Line Item]
Area of Land		10,000	10,000
Lease And Rental Expense Per Month | $		$ 8,000
Cemtrex Inc [Member] | Office Building [Member]
Commitments And Contingencies Disclosure [Line Item]
Area of Land		600	600
Lease And Rental Expense Per Month | $		$ 4,133

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Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash Flows from Operating Activities
Net income (loss)	$ 2,420,950	$ 1,902,267
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	458,306	194,759
Share-based compensation	267,273	0
Changes in operating assets and liabilities:
Trade receivables	(2,704,575)	(2,756,515)
Due from related party		(81,842)
Inventory	(6,989)	(2,481,705)
Prepaid expenses and other assets	(1,278,634)	(1,020,072)
Others	9,737	(359,415)
Accounts payable	3,841,414	2,806,153
Accrued expenses	100,005	422,563
Income taxes payable	0	37,145
Net cash provided by (used by) operating activities	3,107,487	(1,336,662)
Cash Flows from Investing Activities
Purchase of property and equipment	(946,207)	(7,164,219)
Purchase of short-term investment		0
Redemption of short-term investments	559,815	0
Investment in subsidiary	0	(6,270,173)
Net cash provided by (used by) investing activities	(386,392)	(13,434,392)
Cash Flows from Financing Activities
Proceeds from affiliated Loan	0	3,864,101
Payments on affiliated loan	(1,361,936)	0
Proceeds from bank loans	0	12,150,228
Payments on bank loans	(2,160,459)	0
Proceeds from convertible notes	1,528,000	0
Net cash provided by (used by) financing activities	(1,994,395)	16,014,329
Net increase (decrease) in cash	726,700	1,243,275
Cash beginning of period	146,095	66,963
Cash end of period	872,795	1,310,238
Supplemental Disclosure of Cash Flow Information:
Cash paid during the period for interest	244,525	0
Cash paid during the period for income taxes	$ 5,032	$ 0

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INVENTORY, NET

9 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 5 – INVENTORY, NET

Inventory, net of reserves, consist of the following:

	June 30,		September 30,
	2015		2014
Raw materials	$	3,454,959	$	3,449,501
Work in progress		1,351,225		1,254,013
Finished goods		1,620,099		1,715,780
		6,426,283		6,419,294
Less: Allowance for inventory obsolensence		(148,967)	$	(148,967)
Inventory –net of allowance for inventory obsolescence	$	6,277,316	$	6,270,327

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ORGANIZATION AND PLAN OF OPERATIONS (Details Textual)	1 Months Ended	9 Months Ended
	Oct. 31, 2013	Jun. 30, 2015
Organization and Operations [Line Items]
Business Acquisition, Name of Acquired Entity	ROB Group
Cemtrex Inc [Member]
Organization and Operations [Line Items]
Entity Incorporation, Date Of Incorporation		Apr. 27, 1998
Date of acquisition		Oct. 31, 2013

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BUSINESS COMBINATION (Details Textual)	1 Months Ended
	Oct. 31, 2013 USD ($)
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	$ 5,936,298
ROB Cemtrex GmbH [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Total	$ 5,936,000

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SUBSEQUENT EVENTS

9 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 15 - SUBSEQUENT EVENTS

On various dates in July 2015, 79,326 shares of the Company’s common stock were issued to satisfy $154,000 of convertible notes payable (see NOTE 8).