Bantec, Inc. (BANT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
195 PATERSON AVENUE LITTLE FALLS, NJ 07424 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3721 - Aircraft (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 45 | 101 | 35 | 44 | 10 | 95 | |||
| Cash and cash equivalent | 45 | 101 | 35 | 44 | 10 | 95 | |||
| Receivables | 196 | 291 | 139 | 268 | 299 | 117 | |||
| Inventory, net of allowances, customer advances and progress billings | 235 | 133 | 178 | 55 | 84 | 92 | |||
| Inventory | 235 | 133 | 178 | 55 | 84 | 92 | |||
| Other undisclosed current assets | 20 | 15 | 35 | 5 | 5 | ||||
| Total current assets: | 496 | 525 | 367 | 402 | 398 | 309 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 106 | 117 | 127 | 141 | 7 | 21 | |||
| Property, plant and equipment | 3 | 3 | 2 | 1 | 1 | 1 | |||
| Total noncurrent assets: | 109 | 120 | 129 | 142 | 9 | 22 | |||
| TOTAL ASSETS: | 605 | 645 | 496 | 544 | 407 | 331 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,618 | 6,171 | 5,746 | 8,926 | 8,598 | 7,967 | |||
| Accounts payable | 2,535 | 2,337 | 2,215 | 2,668 | 2,717 | 2,611 | |||
| Accrued liabilities | 4,083 | 3,834 | 3,530 | 6,258 | 5,881 | 5,355 | |||
| Debt | 2,875 | 2,706 | 1,976 | 725 | 575 | 575 | |||
| Other undisclosed current liabilities | 344 | 72 | 631 | 8,824 | 8,286 | 8,135 | |||
| Total current liabilities: | 9,837 | 8,948 | 8,352 | 18,475 | 17,459 | 16,677 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 200 | 198 | 150 | 150 | 150 | 127 | |||
| Long-term debt, excluding current maturities | 200 | 198 | 150 | 150 | 150 | 127 | |||
| Liabilities, other than long-term debt | 62 | 74 | 86 | 100 | |||||
| Operating lease, liability | 62 | 74 | 86 | 100 | |||||
| Other undisclosed noncurrent liabilities | 8,738 | 8,697 | 8,700 | ||||||
| Total noncurrent liabilities: | 9,000 | 8,969 | 8,936 | 250 | 150 | 127 | |||
| Total liabilities: | 18,837 | 17,917 | 17,288 | 18,725 | 17,609 | 16,803 | |||
| Temporary equity, including noncontrolling interest | 505 | 482 | 464 | 461 | 762 | 722 | |||
| Equity | |||||||||
| Equity, attributable to parent | (18,737) | (17,753) | (17,256) | (18,642) | (17,964) | (17,195) | |||
| Common stock | 1 | 1 | 1 | 1 | 699 | 586 | |||
| Additional paid in capital | 20,540 | 20,578 | 20,598 | 19,243 | 18,579 | 18,630 | |||
| Accumulated deficit | (39,278) | (38,332) | (37,856) | (37,886) | (37,243) | (36,412) | |||
| Total equity: | (18,737) | (17,753) | (17,256) | (18,642) | (17,964) | (17,195) | |||
| TOTAL LIABILITIES AND EQUITY: | 605 | 645 | 496 | 544 | 407 | 331 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 772 | 956 | 505 | 590 | 623 | 606 | ||
| Cost of revenue (Cost of Product and Service Sold) | (675) | (808) | (429) | (490) | (515) | (511) | ||
| Gross profit: | 97 | 148 | 76 | 101 | 108 | 95 | ||
| Operating expenses | (511) | (455) | (493) | (397) | (481) | (514) | ||
| Operating loss: | (414) | (307) | (418) | (297) | (373) | (419) | ||
| Nonoperating income (expense) | (532) | (169) | 448 | (347) | (457) | (362) | ||
| Interest and debt expense | 2 | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 156 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (946) | (474) | 187 | (643) | (831) | (782) | ||
| Other undisclosed loss from continuing operations before income taxes | (2) | (156) | ||||||
| Net income (loss) attributable to parent: | (946) | (476) | 30 | (643) | (831) | (782) | ||
| Preferred stock dividends and other adjustments | (44) | (25) | (34) | (35) | (40) | (37) | ||
| Net loss available to common stockholders, diluted: | (990) | (502) | (4) | (678) | (870) | (819) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q3 | 3/31/2024 Q2 | 12/31/2023 Q1 | 9/30/2023 Q4 | 6/30/2023 Q3 | 3/31/2023 Q2 | 12/31/2022 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (946) | (476) | 30 | (643) | (831) | (782) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (946) | (476) | 30 | (643) | (831) | (782) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.