Bantek Inc. (BANT) financial statements (2020 and earlier)

Company profile

Business Address 330 CHANGEBRIDGE ROAD
PINE BROOK, NJ 07058
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)

6/30/2019
TTM
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 108152
Cash and cash equivalents 108152
Receivables 1,6161,169
Inventory, net of allowances, customer advances and progress billings 533681
Inventory 533681
Prepaid expense 4444
Other undisclosed current assets 15113
Total current assets: 2,4522,059
Noncurrent Assets
Property, plant and equipment 16 
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: 3,7013,951
TOTAL ASSETS: 6,1536,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6,3214,831
Accounts payable 4,1143,816
Accrued liabilities 2,0461,016
Settlement liabilities 161 
Debt 6,9904,188
Derivative instruments and hedges, liabilities 258 
Due to related parties 900900
Other undisclosed current liabilities 1532,500
Total current liabilities: 14,62212,420
Noncurrent Liabilities
Long-term debt and lease obligation 688 
Long-term debt, excluding current maturities 688 
Total noncurrent liabilities: 688 
Total liabilities: 15,31012,420
Stockholders' equity
Stockholders' equity attributable to parent (9,157)(6,410)
Common stock 774
Additional paid in capital 10,3977,442
Accumulated deficit (19,631)(13,856)
Total stockholders' equity: (9,157)(6,410)
TOTAL LIABILITIES AND EQUITY: 6,1536,010

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

6/30/2019
TTM
9/30/2018
9/30/2017
Revenues 18,39024,590
Cost of revenue
(Cost of Goods and Services Sold)
 (16,773)(22,963)
Gross profit: 1,6171,627
Operating expenses (3,678)(7,212)
Operating loss: (2,061)(5,585)
Nonoperating income 3,713 
Interest and debt expense 3,534 
Income (loss) from continuing operations before equity method investments, income taxes: 5,186(5,585)
Other undisclosed loss from continuing operations before income taxes (10,961)(2,242)
Loss from continuing operations before income taxes: (5,775)(7,827)
Income tax expense  (0)
Net loss available to common stockholders, diluted: (5,775)(7,827)

Comprehensive Income ($ in thousands)

6/30/2019
TTM
9/30/2018
9/30/2017
Net loss: (5,775)(7,827)
Comprehensive loss, net of tax, attributable to parent: (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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