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)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments163150108152
Cash and cash equivalents163150108152
Receivables5907921,6161,169
Inventory, net of allowances, customer advances and progress billings239119533681
Inventory239119533681
Prepaid expense  4444
Other undisclosed current assets4515113
Total current assets:9951,0652,4522,059
Noncurrent Assets
Property, plant and equipment172016 
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:17203,7013,951
TOTAL ASSETS:1,0121,0856,1536,010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8865,5356,3214,831
Accounts payable3,3453,1634,1143,816
Accrued liabilities2,4441,9062,0461,016
Employee-related liabilities5493  
Interest and dividends payable 197  
Settlement liabilities43175161 
Debt7,6367,8726,9904,188
Derivative instruments and hedges, liabilities129129258 
Due to related parties227203900900
Other undisclosed current liabilities1,3149581532,500
Total current liabilities:15,19214,69714,62212,420
Noncurrent Liabilities
Long-term debt and lease obligation900900688 
Long-term debt, excluding current maturities900900688 
Other undisclosed noncurrent liabilities358383  
Total noncurrent liabilities:1,2581,283688 
Total liabilities:16,45015,98015,31012,420
Stockholders' equity
Stockholders' equity attributable to parent(15,438)(14,895)(9,157)(6,410)
Common stock0326774
Additional paid in capital11,97511,52610,3977,442
Accumulated deficit(27,413)(26,746)(19,631)(13,856)
Total stockholders' equity:(15,438)(14,895)(9,157)(6,410)
TOTAL LIABILITIES AND EQUITY:1,0121,0856,1536,010

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
Revenues7,95710,28718,39024,590
Cost of revenue
(Cost of Goods and Services Sold)
(7,004)(9,192)(16,773)(22,963)
Gross profit:9531,0951,6171,627
Operating expenses(6,493)(6,716)(3,678)(7,212)
Operating loss:(5,540)(5,621)(2,061)(5,585)
Nonoperating income1,8121,4943,713 
Interest and debt expense1,6501,5273,534 
Income (loss) from continuing operations before equity method investments, income taxes:(2,078)(2,599)5,186(5,585)
Other undisclosed loss from continuing operations before income taxes(4,638)(4,516)(10,961)(2,242)
Loss from continuing operations before income taxes:(6,716)(7,115)(5,775)(7,827)
Income tax expense   (0)
Net loss available to common stockholders, diluted:(6,716)(7,115)(5,775)(7,827)

Comprehensive Income ($ in thousands)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
Net loss:(6,716)(7,115)(5,775)(7,827)
Comprehensive loss, net of tax, attributable to parent:(6,716)(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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