| SCHEDULE OF LINES OF CREDIT AND AND LONG TERM LIABILITIES |
The
following table outlines the Company’s secured liabilities:
SCHEDULE
OF LINES OF CREDIT AND AND LONG TERM LIABILITIES
| | |
| | |
| |
June 30, | | |
September 30, | |
| | |
Interest Rate | | |
Maturity | |
2025 | | |
2024 | |
| Fulton Bank - $360,000 fund equipment for AIS. The Company was in compliance with loan covenants as of June 30, 2025. This loan is secured by certain assets of the Company. | |
| SOFR plus 2.37% (6.82% as of June 30, 2025 and 7.33% as of September 30, 2024). | | |
1/31/2025 | |
| - | | |
| 28,302 | |
| | |
| | | |
| |
| | | |
| | |
| Fulton Bank - $312,000 fund equipment for AIS. The Company was in compliance with loan covenants as of June 30, 2025. This loan is secured by certain assets of the Company. | |
| SOFR plus 2.37% (6.82% as of June 30, 2025 and 7.33% as of September 30, 2024). | | |
9/30/2029 | |
| 271,570 | | |
| 312,000 | |
| | |
| | | |
| |
| | | |
| | |
| Fulton Bank mortgage $2,476,000. The Company was in compliance with loan covenants as of June 30, 2025. This loan is secured by the underlying asset. | |
| SOFR plus 2.62% (7.07% on June 30, 2025 and 7.58% on September 30, 2024). | | |
1/28/2040 | |
| 2,054,108 | | |
| 2,113,337 | |
| | |
| | | |
| |
| | | |
| | |
| Fulton Bank (HEISEY) - $1,200,000 mortgage loan; requires monthly principal and interest payments through August 1, 2043 with a final payment of remaining principal on September 1, 2043; The loan is collateralized by 615 Florence Street and 740 Barber Street and guaranteed by AIS and Cemtrex. | |
| SOFR plus 2.80% per annum (7.25% as of June 30, 2025 and 7.76% as of September 30, 2024). | | |
9/30/2043 | |
| 1,154,163 | | |
| 1,176,112 | |
| | |
| | | |
| |
| | | |
| | |
| Fulton Bank (HEISEY) - $2,160,000. promissory note related to purchase of Heisey; requires 84 monthly principal and interest payments; The note is collateralized by the Heisey assets and guaranteed by the Parent; matures in 2030. | |
| SOFR plus 2.80% per annum (7.25% as of June 30, 2025 and 7.76% as of September 30, 2024). | | |
7/1/2030 | |
| 1,682,569 | | |
| 1,881,621 | |
| | |
| | | |
| |
| | | |
| | |
| Note payable - $5,755,000 - Less original issue discount $750,000 and legal fees $5,000, net cash received $5,000,000 Unamortized original issue discount balance of $0, as of June 30, 2025 and September 30, 2024. | |
| 8 | % | |
6/30/2025 | |
| - | | |
| 244,766 | |
| | |
| | | |
| |
| | | |
| | |
| Note payable - $9,205,000. Less original issue discount $1,200,000 and legal fees $5,000,net cash received $8,000,000. 28,572 shares of common stock valued at $700,400 recognized as additional original issue discount. Unamortized original issue discount balance of $0 as of June 30, 2025 and September 30, 2024. | |
| 8 | % | |
2/22/2026 | |
| 12,578,143 | | |
| 12,195,789 | |
| | |
| | | |
| |
| | | |
| | |
| Note payable - $580,000. Less original issue discount $75,000 and legal fees $5,000,net cash received $500,000. Unamortized original issue discount balance of $45,833 as of June 30, 2025. | |
| 8 | % | |
5/21/2027 | |
| 609,192 | | |
| - | |
| | |
| | | |
| |
| | | |
| | |
| Paycheck Protection Program loan - $121,400 - The issuing bank determined that this loan qualifies for loan forgiveness; however the Company is awaiting final approval from the Small Business Administration. | |
| 1 | % | |
5/5/2025 | |
| - | | |
| 50,628 | |
| | |
| | | |
| |
| | | |
| | |
| Total debt | |
| | | |
| |
$ | 18,349,745 | | |
$ | 18,002,555 | |
| Less: Current maturities | |
| | | |
| |
| (9,827,991 | ) | |
| (4,732,377 | ) |
| Less: Unamortized original issue discount | |
| | | |
| |
| (45,833 | ) | |
| - | |
| Long-term debt | |
| | | |
| |
$ | 8,475,921 | | |
$ | 13,270,178 | |
|