Basanite, Inc. (BASA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2660 NW 15TH COURT POMPANO BEACH, FL 33069 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 399 - Miscellaneous Manufacturing Industries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 55 | 30 | 110 | 260 | 129 | 122 | |||
| Cash and cash equivalents | 55 | 30 | 110 | 260 | 129 | 122 | |||
| Receivables | 40 | 68 | 8 | 2 | 1 | ||||
| Inventory, net of allowances, customer advances and progress billings | 715 | 447 | 159 | 57 | |||||
| Inventory | 715 | 447 | 159 | 57 | |||||
| Prepaid expense | 137 | 128 | 40 | 27 | 83 | ||||
| Other current assets | 266 | 76 | 146 | 24 | |||||
| Total current assets: | 95 | 236 | 1,225 | 824 | 461 | 286 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 57 | ✕ | |||||||
| Operating lease, right-of-use asset | 153 | 749 | 1,004 | 1,223 | ✕ | ||||
| Property, plant and equipment | 402 | 530 | 3,237 | 1,020 | 772 | 24 | |||
| Other undisclosed noncurrent assets | 5 | 200 | |||||||
| Total noncurrent assets: | 459 | 684 | 3,986 | 2,024 | 2,000 | 224 | |||
| TOTAL ASSETS: | 555 | 919 | 5,211 | 2,848 | 2,461 | 510 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,970 | 2,152 | 1,626 | 447 | 719 | 1,907 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 43 | 12 | ||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 271 | |||||
| Accounts payable | 1,762 | 1,713 | 1,176 | 249 | 218 | 1,002 | |||
| Accrued liabilities | 1,208 | 439 | 407 | 197 | 489 | 633 | |||
| Debt | 270 | 304 | 467 | 138 | 896 | 294 | |||
| Due to related parties | ✕ | ✕ | 1,690 | 1,025 | 3 | ||||
| Other undisclosed current liabilities | 4,426 | 4,813 | 748 | 1,116 | 779 | 344 | |||
| Total current liabilities: | 7,666 | 7,269 | 4,530 | 2,726 | 2,393 | 2,548 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 500 | 826 | 1,095 | ||||||
| Operating lease, liability | 500 | 826 | 1,095 | ✕ | |||||
| Other undisclosed noncurrent liabilities | 57 | (500) | (826) | ||||||
| Total noncurrent liabilities: | 57 | 500 | 826 | 1,095 | |||||
| Total liabilities: | 7,666 | 7,326 | 5,030 | 3,553 | 3,488 | 2,548 | |||
| Equity | |||||||||
| Equity, attributable to parent | (7,112) | (6,406) | 182 | (704) | (1,027) | (2,263) | |||
| Common stock | 259 | 253 | 249 | 225 | 201 | 154 | |||
| Additional paid in capital | 48,892 | 47,433 | 46,054 | 28,714 | 24,216 | 18,718 | |||
| Accumulated deficit | (56,262) | (54,093) | (46,121) | (29,643) | (25,444) | (21,135) | |||
| Equity, attributable to noncontrolling interest | 225 | ||||||||
| Other undisclosed equity | |||||||||
| Total equity: | (7,112) | (6,406) | 182 | (704) | (1,027) | (2,038) | |||
| TOTAL LIABILITIES AND EQUITY: | 555 | 919 | 5,211 | 2,848 | 2,461 | 510 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 88 | |||||||
| Cost of revenue (Cost of Goods and Services Sold) | (248) | (2,026) | (1,971) | (33) | (240) | |||
| Other undisclosed gross profit | 376 | 1,356 | 193 | 36 | (101) | 149 | ||
| Gross profit: | 128 | (670) | (1,777) | 3 | (101) | (3) | ||
| Operating expenses | (1,731) | (3,586) | (8,018) | (2,989) | (3,912) | (3,396) | ||
| Other undisclosed operating loss | (3,000) | |||||||
| Operating loss: | (1,603) | (7,256) | (9,796) | (2,986) | (4,013) | (3,399) | ||
| Nonoperating income (expense) | (566) | (716) | (6,682) | (550) | 93 | (2,490) | ||
| Interest and debt expense | (566) | (512) | (7,255) | (57) | (113) | (90) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 57 | 113 | 90 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (2,736) | (8,484) | (23,733) | (3,536) | (3,920) | (5,889) | ||
| Other undisclosed loss from continuing operations before income taxes | (21) | |||||||
| Loss from continuing operations: | (2,736) | (8,484) | (23,733) | (3,536) | (3,920) | (5,909) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (23,733) | (3,536) | (3,920) | (5,909) | |
| Other undisclosed net income (loss) | 566 | 512 | 7,255 | (664) | (389) | |||
| Net loss: | (2,169) | (7,972) | (16,478) | (4,199) | (4,309) | (5,909) | ||
| Net loss attributable to noncontrolling interest | (1) | |||||||
| Other undisclosed net loss attributable to parent | ||||||||
| Net loss attributable to parent: | (2,169) | (7,972) | (16,478) | (4,199) | (4,309) | (5,910) | ||
| Preferred stock dividends and other adjustments | (664) | (389) | ||||||
| Net loss available to common stockholders, diluted: | (2,169) | (7,972) | (16,478) | (4,863) | (4,698) | (5,910) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,169) | (7,972) | (16,478) | (4,199) | (4,309) | (5,909) | ||
| Comprehensive loss: | (2,169) | (7,972) | (16,478) | (4,199) | (4,309) | (5,909) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (1) | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (2,169) | (7,972) | (16,478) | (4,199) | (4,309) | (5,910) | ||
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.