Bannix Acquisition Corp. (BNIX) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 TICE BLVD
WOODCLIFF LAKE, NJ 07677
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,257429,444
Cash and cash equivalents19,257429,444
Prepaid expense26,296171,616
Total current assets:45,553601,060
Noncurrent Assets
Other undisclosed noncurrent assets71,421,12569,691,502
Total noncurrent assets:71,421,12569,691,502
TOTAL ASSETS:71,466,67870,292,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:272,594208,957
Accrued liabilities156,285 
Other undisclosed accounts payable and accrued liabilities116,309208,957
Due to related parties 28,890
Other undisclosed current liabilities1,159,135 
Total current liabilities:1,431,729237,847
Noncurrent Liabilities
Liabilities, other than long-term debt79,177 
Accounts payable and accrued liabilities12,180 
Deferred income tax liabilities 66,997 
Other undisclosed noncurrent liabilities225,000419,880
Total noncurrent liabilities:304,177419,880
Total liabilities:1,735,906657,727
Equity
Equity, attributable to parent(1,242,612)11,563,522
Common stock39,61539,615
Treasury stock, value(14,375)(14,375)
Additional paid in capital  11,815,485
Accumulated deficit(1,267,852)(277,203)
Other undisclosed equity70,973,38458,071,313
Total equity:69,730,77269,634,835
TOTAL LIABILITIES AND EQUITY:71,466,67870,292,562

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Gross profit:  (18,333)
Operating expenses (15,217,697)
Other undisclosed operating income (loss)(1,000,944)14,840,328
Operating loss:(1,000,944)(395,702)
Nonoperating income1,271,333118,499
Investment income, nonoperating  118,499
Other nonoperating income1,271,333 
Income (loss) from continuing operations before income taxes:270,389(277,203)
Income tax expense (benefit)(223,282)103,024
Income (loss) from continuing operations:47,107(174,179)
Loss before gain (loss) on sale of properties:(174,179)
Other undisclosed net loss  (103,024)
Net income (loss):47,107(277,203)
Other undisclosed net income attributable to parent  
Net income (loss) available to common stockholders, diluted:47,107(277,203)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income (loss):47,107(277,203)
Comprehensive income (loss), net of tax, attributable to parent:47,107(277,203)

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.

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