Bantek Inc. (BANT) financial statements (2021 and earlier)

Company profile

Business Address 195 PATERSON AVENUE
LITTLE FALLS, NJ 07424
State of Incorp. DE
Fiscal Year End September 30
SIC 3721 - Aircraft (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments139164150108152
Cash and cash equivalents139164150108152
Receivables1163497921,6161,169
Inventory, net of allowances, customer advances and progress billings3945119533681
Inventory3945119533681
Prepaid expense   4444
Other undisclosed current assets1035515113
Total current assets:3045931,0652,4522,059
Noncurrent Assets
Operating lease, right-of-use asset125139 
Property, plant and equipment692016 
Intangible assets, net (including goodwill)    3,951
Goodwill    2,410
Intangible assets, net (excluding goodwill)    1,540
Other noncurrent assets   3,686 
Total noncurrent assets:132148203,7013,951
TOTAL ASSETS:4367411,0856,1536,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,5906,4715,5356,3214,831
Accounts payable2,6392,8333,1634,1143,816
Accrued liabilities3,9083,5951,9062,0461,016
Employee-related liabilities  93  
Interest and dividends payable  197  
Settlement liabilities4343175161 
Debt409427,8726,9904,188
Derivative instruments and hedges, liabilities177129129258 
Due to related parties50 203900900
Other undisclosed current liabilities8,83810,1669581532,500
Total current liabilities:16,06416,80814,69714,62212,420
Noncurrent Liabilities
Long-term debt and lease obligation44587900688 
Long-term debt, excluding current maturities371 900688 
Operating lease, liability7487 
Other undisclosed noncurrent liabilities7061,704383  
Total noncurrent liabilities:1,2241,8781,283688 
Total liabilities:17,28818,68615,98015,31012,420
Stockholders' equity
Stockholders' equity attributable to parent(16,853)(17,945)(14,895)(9,157)(6,410)
Common stock10149326774
Additional paid in capital14,10113,08111,52610,3977,442
Accumulated deficit(31,054)(31,075)(26,746)(19,631)(13,856)
Total stockholders' equity:(16,853)(17,945)(14,895)(9,157)(6,410)
TOTAL LIABILITIES AND EQUITY:4367411,0856,1536,010

Income statement (P&L) ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues3,7804,45510,28718,39024,590
Cost of revenue
(Cost of Goods and Services Sold)
(2,442)(3,351)(9,192)(16,773)(22,963)
Gross profit:1,3381,1041,0951,6171,627
Operating expenses(2,918)(2,841)(6,716)(3,678)(7,212)
Other undisclosed operating loss(0)    
Operating loss:(1,580)(1,737)(5,621)(2,061)(5,585)
Nonoperating income3,1212,5911,4943,713 
Interest and debt expense(462)(1,598)1,5273,534 
Income (loss) from continuing operations before equity method investments, income taxes:1,079(745)(2,599)5,186(5,585)
Other undisclosed income (loss) from continuing operations before income taxes3,9375,073(4,516)(10,961)(2,242)
Income (loss) from continuing operations before income taxes:5,0164,328(7,115)(5,775)(7,827)
Income tax expense    (0)
Income (loss) before gain (loss) on sale of properties:5,0164,328(7,115)(5,775)(7,827)
Other undisclosed net loss(8,657)(8,657)   
Net loss available to common stockholders, diluted:(3,641)(4,328)(7,115)(5,775)(7,827)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net loss:(3,641)(4,328)(7,115)(5,775)(7,827)
Comprehensive loss, net of tax, attributable to parent:(3,641)(4,328)(7,115)(5,775)(7,827)

Statements sources

The financial statements are based on the company's filings with the 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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