Basanite, Inc. (BASA) financial statements (2021 and earlier)

Company profile

Business Address 2041 NW 15THAVENUE
POMPANO BEACH, FL 33069
State of Incorp. NV
Fiscal Year End December 31
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26012912218910502
Cash and cash equivalents26012912218910502
Receivables2 1  3 
Inventory, net of allowances, customer advances and progress billings447159573801268 
Inventory447159573801268 
Prepaid expense40278358481037
Other current assets76146242411 
Other undisclosed current assets     (3) 
Total current assets:824461286651722229
Noncurrent Assets
Operating lease, right-of-use asset1,0041,223
Property, plant and equipment1,020772244572272901
Long-term investments and receivables     85 
Due from related parties     85 
Other undisclosed noncurrent assets 52001,50712(72) 
Total noncurrent assets:2,0242,0002241,9642403031
TOTAL ASSETS:2,8482,4615102,61531252510
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4477191,9072,0491,3921,124837
Accounts payable2492181,002356334286230
Accrued liabilities1974896331,2251,058838607
Employee-related liabilities  271469   
Interest and dividends payable 12     
Debt13889629433030222
Due to related parties1,025 3515723250
Disposal group, including discontinued operation   4   
Customer advances and deposits 354 
Other undisclosed current liabilities1,116779344136606424 
Total current liabilities:2,7262,3932,5482,5712,3921,5771,089
Noncurrent Liabilities
Long-term debt and lease obligation8261,095     
Operating lease, liability8261,095
Other undisclosed noncurrent liabilities(826)    300 
Total noncurrent liabilities:8261,095   300 
Total liabilities:3,5533,4882,5482,5712,3921,8771,089
Stockholders' equity
Stockholders' equity attributable to parent(704)(1,027)(2,263)(180)(2,080)(1,352)(1,079)
Common stock225201154128171313
Common stock, share subscribed but unissued, subscriptions receivable   (1)   
Additional paid in capital28,71424,21618,71814,9179,6676,7016,244
Accumulated deficit(29,643)(25,444)(21,135)(15,225)(11,764)(8,067)(7,336)
Stockholders' equity attributable to noncontrolling interest  225224   
Total stockholders' equity:(704)(1,027)(2,038)44(2,080)(1,352)(1,079)
TOTAL LIABILITIES AND EQUITY:2,8482,4615102,61531252510

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues  881039417530
Revenue, net1039417530
Cost of revenue
(Cost of Goods and Services Sold)
(33) (240)(6)(254)(101)(137)
Other undisclosed gross profit36(101)149   113
Gross profit:3(101)(3)4140747
Operating expenses(2,989)(3,912)(3,396)(2,355)(2,485)(494)(1,021)
Operating loss:(2,986)(4,013)(3,399)(2,352)(2,345)(421)(1,014)
Nonoperating income (expense)(550)93(2,490)(170)(1,352)(310)(413)
Interest and debt expense(57)(113)(90)(72)(1,078)(313)(413)
Other undisclosed income from continuing operations before equity method investments, income taxes571139072   
Loss from continuing operations before equity method investments, income taxes:(3,536)(3,920)(5,889)(2,522)(4,776)(1,043)(1,839)
Other undisclosed income (loss) from continuing operations before income taxes  (21)(413)1,078313413
Loss before gain (loss) on sale of properties:(3,536)(3,920)(5,909)(2,935)(3,697)(730)(1,427)
Other undisclosed net loss(664)(389)     
Net loss:(4,199)(4,309)(5,909)(2,935)(3,697)(730)(1,427)
Net loss attributable to noncontrolling interest  (1)(0)   
Net loss attributable to parent:(4,199)(4,309)(5,910)(2,935)(3,697)(730)(1,427)
Preferred stock dividends and other adjustments(664)(389)     
Net loss available to common stockholders, diluted:(4,863)(4,698)(5,910)(2,935)(3,697)(730)(1,427)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(4,199)(4,309)(5,909)(2,935)(3,697)(730)(1,427)
Comprehensive loss:(4,199)(4,309)(5,909)(2,935)(3,697)(730)(1,427)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1)(0)   
Comprehensive loss, net of tax, attributable to parent:(4,199)(4,309)(5,910)(2,935)(3,697)(730)(1,427)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: