Basanite, Inc. (BASA) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 122189105023
Cash and cash equivalents 122189105023
Receivables 1  3  
Inventory, net of allowances, customer advances and progress billings 573801268 
Inventory 573801268  
Prepaid expense 8358481037 
Other current assets 242411  
Other undisclosed current assets    (3)  
Total current assets: 2866517222293
Noncurrent Assets
Property, plant and equipment 2445722729013
Long-term investments and receivables    85  
Due from related parties    85  
Other undisclosed noncurrent assets 2001,50712(72) 31
Total noncurrent assets: 2241,964240303134
TOTAL ASSETS: 5102,6153125251037
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,9072,0491,3921,124837611
Accounts payable 1,002356334286230188
Accrued liabilities 6331,2251,058838607423
Employee-related liabilities 271469    
Debt 294330302222
Due to related parties 35157232506
Disposal group, including discontinued operation  4    
Customer advances and deposits 354 
Other undisclosed current liabilities 344136606424 668
Total current liabilities: 2,5482,5712,3921,5771,0891,287
Noncurrent Liabilities
Other undisclosed noncurrent liabilities    300  
Total noncurrent liabilities:    300  
Total liabilities: 2,5482,5712,3921,8771,0891,287
Stockholders' equity
Stockholders' equity attributable to parent (2,263)(180)(2,080)(1,352)(1,079)(1,250)
Common stock 1541281713136
Common stock, share subscribed but unissued, subscriptions receivable  (1)    
Additional paid in capital 18,71814,9179,6676,7016,2444,654
Accumulated deficit (21,135)(15,225)(11,764)(8,067)(7,336)(5,909)
Stockholders' equity attributable to noncontrolling interest 225224    
Total stockholders' equity: (2,038)44(2,080)(1,352)(1,079)(1,250)
TOTAL LIABILITIES AND EQUITY: 5102,6153125251037

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 88103941753010
Revenue, net103941753010
Cost of revenue
(Cost of Goods and Services Sold)
 (240)(6)(254)(101)(137)(375)
Other undisclosed gross profit 149   113 
Gross profit: (3)4140747(365)
Operating expenses (3,396)(2,355)(2,485)(494)(1,021)(1,876)
Other undisclosed operating income      375
Operating loss: (3,399)(2,352)(2,345)(421)(1,014)(1,866)
Nonoperating expense (2,490)(170)(1,352)(310)(413)(567)
Debt instrument, convertible, beneficial conversion feature      650
Interest and debt expense (90)(72)(1,078)(313)(413)(567)
Other undisclosed income from continuing operations before equity method investments, income taxes 9072    
Loss from continuing operations before equity method investments, income taxes: (5,889)(2,522)(4,776)(1,043)(1,839)(3,001)
Other undisclosed income (loss) from continuing operations before income taxes (21)(413)1,078313413 
Net loss: (5,909)(2,935)(3,697)(730)(1,427)(3,001)
Net loss attributable to noncontrolling interest (1)(0)    
Other undisclosed net income attributable to parent      567
Net loss available to common stockholders, diluted: (5,910)(2,935)(3,697)(730)(1,427)(2,433)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (5,909)(2,935)(3,697)(730)(1,427)(3,001)
Comprehensive loss: (5,909)(2,935)(3,697)(730)(1,427)(3,001)
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(0)    
Comprehensive loss, net of tax, attributable to parent: (5,910)(2,935)(3,697)(730)(1,427)(3,001)

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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