Bantec, Inc. (BANT) Financial Statements (2023 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 millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110000
Cash and cash equivalents110000
Receivables000121
Inventory, net of allowances, customer advances and progress billings000011
Inventory000011
Prepaid expense    00
Other undisclosed current assets000000
Total current assets:111122
Noncurrent Assets
Operating lease, right-of-use asset000 
Property, plant and equipment00000 
Intangible assets, net (including goodwill)00   4
Goodwill     2
Intangible assets, net (excluding goodwill)00   2
Other noncurrent assets00  4 
Total noncurrent assets:000044
TOTAL ASSETS:111166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities776665
Accounts payable333344
Accrued liabilities544221
Employee-related liabilities   0  
Interest and dividends payable   0  
Settlement liabilities00000 
Debt 10874
Derivative instruments and hedges, liabilities00000 
Due to related parties   011
Other undisclosed current liabilities9810103
Total current liabilities:161617151512
Noncurrent Liabilities
Long-term debt and lease obligation00011 
Long-term debt, excluding current maturities00 11 
Operating lease, liability000 
Other undisclosed noncurrent liabilities(0)(0)20  
Total noncurrent liabilities:00211 
Total liabilities:161619161512
Stockholders' equity
Stockholders' equity attributable to parent(15)(15)(18)(15)(9)(6)
Common stock000000
Additional paid in capital18181312107
Accumulated deficit(34)(33)(31)(27)(20)(14)
Total stockholders' equity:(15)(15)(18)(15)(9)(6)
TOTAL LIABILITIES AND EQUITY:111166

Income Statement (P&L) ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues224101825
Cost of revenue
(Cost of Goods and Services Sold)
(2)(2)(3)(9)(17)(23)
Gross profit:011122
Operating expenses(3)(3)(3)(7)(4)(7)
Other undisclosed operating income00    
Operating loss:(2)(2)(2)(6)(2)(6)
Nonoperating income (expense)(1)(0)314 
Interest and debt expense(2)(2)(2)24 
Income (loss) from continuing operations before equity method investments, income taxes:(5)(4)(1)(3)5(6)
Other undisclosed income (loss) from continuing operations before income taxes655(5)(11)(2)
Income (loss) from continuing operations before income taxes:124(7)(6)(8)
Income tax expense     (0)
Income (loss) before gain (loss) on sale of properties:124(7)(6)(8)
Other undisclosed net loss(4)(4)(9)   
Net loss available to common stockholders, diluted:(3)(2)(4)(7)(6)(8)

Comprehensive Income ($ in millions)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net loss:(3)(2)(4)(7)(6)(8)
Comprehensive loss, net of tax, attributable to parent:(3)(2)(4)(7)(6)(8)

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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