Basanite, Inc. (BASA) Financial Statements (2024 and earlier)

Company Profile

Business Address 2041 NW 15THAVENUE
POMPANO BEACH, FL 33069
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments30110260129122189
Cash and cash equivalents30110260129122189
Receivables6882 1 
Inventory, net of allowances, customer advances and progress billings  71544715957380
Inventory  71544715957380
Prepaid expense13712840278358
Other current assets  266761462424
Total current assets:2361,225824461286651
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset 1537491,0041,223
Property, plant and equipment5303,2371,02077224457
Other undisclosed noncurrent assets    52001,507
Total noncurrent assets:6843,9862,0242,0002241,964
TOTAL ASSETS:9195,2112,8482,4615102,615
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1521,6264477191,9072,049
Interest and dividends payable43 12  
Employee-related liabilities   271469
Accounts payable1,7131,1762492181,002356
Accrued liabilities4394071974896331,225
Debt304467138896294330
Disposal group, including discontinued operation      4
Due to related parties 1,6901,025 351
Other undisclosed current liabilities4,8137481,116779344136
Total current liabilities:7,2694,5302,7262,3932,5482,571
Noncurrent Liabilities
Long-term debt and lease obligation:  5008261,095  
Operating lease, liability  5008261,095
Other undisclosed noncurrent liabilities 57(500)(826)   
Total noncurrent liabilities: 575008261,095  
Total liabilities:7,3265,0303,5533,4882,5482,571
Equity
Equity, attributable to parent(6,406)182(704)(1,027)(2,263)(180)
Common stock253249225201154128
Common stock, share subscribed but unissued, subscriptions receivable      (1)
Additional paid in capital47,43346,05428,71424,21618,71814,917
Accumulated deficit(54,093)(46,121)(29,643)(25,444)(21,135)(15,225)
Equity, attributable to noncontrolling interest     225224
Total equity:(6,406)182(704)(1,027)(2,038)44
TOTAL LIABILITIES AND EQUITY:9195,2112,8482,4615102,615

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues     8810
Revenue, net10
Cost of revenue
(Cost of Goods and Services Sold)
(2,026)(1,971)(33) (240)(6)
Other undisclosed gross profit1,35619336(101)149 
Gross profit:(670)(1,777)3(101)(3)4
Operating expenses(3,586)(8,018)(2,989)(3,912)(3,396)(2,355)
Other undisclosed operating loss(3,000)     
Operating loss:(7,256)(9,796)(2,986)(4,013)(3,399)(2,352)
Nonoperating income (expense)(716)(6,682)(550)93(2,490)(170)
Interest and debt expense(512)(7,255)(57)(113)(90)(72)
Other undisclosed income from continuing operations before equity method investments, income taxes   571139072
Loss from continuing operations before equity method investments, income taxes:(8,484)(23,733)(3,536)(3,920)(5,889)(2,522)
Other undisclosed loss from continuing operations before income taxes     (21)(413)
Loss from continuing operations:(8,484)(23,733)(3,536)(3,920)(5,909)(2,935)
Loss before gain (loss) on sale of properties:(23,733)(3,536)(3,920)(5,909)(2,935)
Other undisclosed net income (loss)5127,255(664)(389)  
Net loss:(7,972)(16,478)(4,199)(4,309)(5,909)(2,935)
Net loss attributable to noncontrolling interest     (1)(0)
Other undisclosed net income attributable to parent      
Net loss attributable to parent:(7,972)(16,478)(4,199)(4,309)(5,910)(2,935)
Preferred stock dividends and other adjustments   (664)(389)  
Net loss available to common stockholders, diluted:(7,972)(16,478)(4,863)(4,698)(5,910)(2,935)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(7,972)(16,478)(4,199)(4,309)(5,909)(2,935)
Comprehensive loss:(7,972)(16,478)(4,199)(4,309)(5,909)(2,935)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1)(0)
Comprehensive loss, net of tax, attributable to parent:(7,972)(16,478)(4,199)(4,309)(5,910)(2,935)

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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