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 2601291221891050
Cash and cash equivalents 2601291221891050
Receivables 2 1  3
Inventory, net of allowances, customer advances and progress billings 447159573801268
Inventory 447159573801268
Prepaid expense 4027835848103
Other current assets 76146242411
Other undisclosed current assets      (3)
Total current assets: 82446128665172222
Noncurrent Assets
Operating lease, right-of-use asset 1,0041,223
Property, plant and equipment 1,02077224457227290
Long-term investments and receivables      85
Due from related parties      85
Other undisclosed noncurrent assets  52001,50712(72)
Total noncurrent assets: 2,0242,0002241,964240303
TOTAL ASSETS: 2,8482,4615102,615312525
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4477191,9072,0491,3921,124
Accounts payable 2492181,002356334286
Accrued liabilities 1974896331,2251,058838
Employee-related liabilities   271469  
Interest and dividends payable  12    
Debt 1388962943303022
Due to related parties 1,025 3515723
Disposal group, including discontinued operation    4  
Customer advances and deposits 354
Other undisclosed current liabilities 1,116779344136606424
Total current liabilities: 2,7262,3932,5482,5712,3921,577
Noncurrent Liabilities
Long-term debt and lease obligation 8261,095    
Operating lease, liability 8261,095
Other undisclosed noncurrent liabilities (826)    300
Total noncurrent liabilities: 8261,095   300
Total liabilities: 3,5533,4882,5482,5712,3921,877
Stockholders' equity
Stockholders' equity attributable to parent (704)(1,027)(2,263)(180)(2,080)(1,352)
Common stock 2252011541281713
Common stock, share subscribed but unissued, subscriptions receivable    (1)  
Additional paid in capital 28,71424,21618,71814,9179,6676,701
Accumulated deficit (29,643)(25,444)(21,135)(15,225)(11,764)(8,067)
Stockholders' equity attributable to noncontrolling interest   225224  
Total stockholders' equity: (704)(1,027)(2,038)44(2,080)(1,352)
TOTAL LIABILITIES AND EQUITY: 2,8482,4615102,615312525

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   8810394175
Revenue, net10394175
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)414074
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 571139072  
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)1,078313
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.

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