Basanite, Inc. (BASA) Financial Statements (2023 and Earlier)
Company Profile
| Business Address |
2041 NW 15THAVENUE POMPANO BEACH, FL 33069 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 731 - Advertising (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 260 | 129 | 122 | 189 | 10 | 50 | |||
| Cash and cash equivalents | 260 | 129 | 122 | 189 | 10 | 50 | |||
| Receivables | 2 | 1 | 3 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 447 | 159 | 57 | 380 | 12 | 68 | |||
| Inventory | 447 | 159 | 57 | 380 | 12 | 68 | |||
| Prepaid expense | 40 | 27 | 83 | 58 | 48 | 103 | |||
| Other current assets | 76 | 146 | 24 | 24 | 1 | 1 | |||
| Other undisclosed current assets | (3) | ||||||||
| Total current assets: | 824 | 461 | 286 | 651 | 72 | 222 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,004 | 1,223 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 1,020 | 772 | 24 | 457 | 227 | 290 | |||
| Long-term investments and receivables | 85 | ||||||||
| Due from related parties | 85 | ||||||||
| Other undisclosed noncurrent assets | 5 | 200 | 1,507 | 12 | (72) | ||||
| Total noncurrent assets: | 2,024 | 2,000 | 224 | 1,964 | 240 | 303 | |||
| TOTAL ASSETS: | 2,848 | 2,461 | 510 | 2,615 | 312 | 525 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 447 | 719 | 1,907 | 2,049 | 1,392 | 1,124 | |||
| Accounts payable | 249 | 218 | 1,002 | 356 | 334 | 286 | |||
| Accrued liabilities | 197 | 489 | 633 | 1,225 | 1,058 | 838 | |||
| Employee-related liabilities | 271 | 469 | |||||||
| Interest and dividends payable | 12 | ||||||||
| Debt | 138 | 896 | 294 | 330 | 302 | 2 | |||
| Due to related parties | 1,025 | 3 | 51 | 57 | 23 | ||||
| Disposal group, including discontinued operation | 4 | ||||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 35 | 4 | |||
| Other undisclosed current liabilities | 1,116 | 779 | 344 | 136 | 606 | 424 | |||
| Total current liabilities: | 2,726 | 2,393 | 2,548 | 2,571 | 2,392 | 1,577 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 826 | 1,095 | |||||||
| Operating lease, liability | 826 | 1,095 | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (826) | 300 | |||||||
| Total noncurrent liabilities: | 826 | 1,095 | 300 | ||||||
| Total liabilities: | 3,553 | 3,488 | 2,548 | 2,571 | 2,392 | 1,877 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | (704) | (1,027) | (2,263) | (180) | (2,080) | (1,352) | |||
| Common stock | 225 | 201 | 154 | 128 | 17 | 13 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (1) | ||||||||
| Additional paid in capital | 28,714 | 24,216 | 18,718 | 14,917 | 9,667 | 6,701 | |||
| Accumulated deficit | (29,643) | (25,444) | (21,135) | (15,225) | (11,764) | (8,067) | |||
| Stockholders' equity attributable to noncontrolling interest | 225 | 224 | |||||||
| Total stockholders' equity: | (704) | (1,027) | (2,038) | 44 | (2,080) | (1,352) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,848 | 2,461 | 510 | 2,615 | 312 | 525 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 88 | 10 | 394 | 175 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 10 | 394 | 175 | |
| Cost of revenue (Cost of Goods and Services Sold) | (33) | (240) | (6) | (254) | (101) | |||
| Other undisclosed gross profit | 36 | (101) | 149 | |||||
| Gross profit: | 3 | (101) | (3) | 4 | 140 | 74 | ||
| Operating expenses | (2,989) | (3,912) | (3,396) | (2,355) | (2,485) | (494) | ||
| Operating loss: | (2,986) | (4,013) | (3,399) | (2,352) | (2,345) | (421) | ||
| Nonoperating income (expense) | (550) | 93 | (2,490) | (170) | (1,352) | (310) | ||
| Interest and debt expense | (57) | (113) | (90) | (72) | (1,078) | (313) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 57 | 113 | 90 | 72 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (3,536) | (3,920) | (5,889) | (2,522) | (4,776) | (1,043) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (21) | (413) | 1,078 | 313 | ||||
| Loss before gain (loss) on sale of properties: | (3,536) | (3,920) | (5,909) | (2,935) | (3,697) | (730) | ||
| Other undisclosed net loss | (664) | (389) | ||||||
| Net loss: | (4,199) | (4,309) | (5,909) | (2,935) | (3,697) | (730) | ||
| Net loss attributable to noncontrolling interest | (1) | (0) | ||||||
| Net loss attributable to parent: | (4,199) | (4,309) | (5,910) | (2,935) | (3,697) | (730) | ||
| 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) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (4,199) | (4,309) | (5,909) | (2,935) | (3,697) | (730) | ||
| Comprehensive loss: | (4,199) | (4,309) | (5,909) | (2,935) | (3,697) | (730) | ||
| 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) | ||
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.