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Basanite, Inc.: 10-Q filed 2021-11-15

What Basanite, Inc. reported in its quarterly report filed 2021-11-15 (fiscal Q3 2021): 38 published measures, 102 facts as tagged in accession 0001553350-21-001020.

This filing

Form
10-Q (quarterly report)
Filed
2021-11-15
Fiscal period
fiscal Q3 2021
Accession
0001553350-21-001020 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Basanite, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2021-09-305,769,142USD
At 2020-12-312,848,467USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2021-09-303,890,716USD
At 2020-12-313,552,528USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2021-09-301,878,426USD
At 2021-06-30-1,461,725USD
At 2021-03-31-1,302,643USD
At 2020-12-31-704,061USD
At 2020-09-30-885,477USD
At 2020-06-30-1,118,276USD
At 2020-03-31-1,588,583USD
At 2019-12-31-1,027,278USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2021-09-301,308,227USD
At 2020-12-31259,505USD
At 2020-09-30575,912USD
At 2019-12-31129,152USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-10,662,964USD273
2020-01-01 to 2020-09-30-2,330,346USD274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-3,879,286USD273
2020-01-01 to 2020-12-31-2,799,499USD366
2020-01-01 to 2020-09-30-1,612,928USD274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

PeriodValueUnitDays
2021-01-01 to 2021-09-301,687,696USD273
2020-01-01 to 2020-09-30115,956USD274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2021-01-01 to 2021-09-306,796,904USD273
2020-01-01 to 2020-09-302,175,644USD274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

PeriodValueUnitDays
2021-01-01 to 2021-09-30-1,868,896USD273
2020-01-01 to 2020-09-30-115,956USD274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2021-09-30-40,306,351USD
At 2020-12-31-29,643,387USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2021-09-302,611,376USD
At 2020-12-311,020,035USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2021-01-01 to 2021-09-301,019,075USD273
2020-01-01 to 2020-09-3078,590USD274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-1,654,473USD92
2021-01-01 to 2021-09-30-4,164,928USD273
2020-07-01 to 2020-09-30-706,566USD92
2020-01-01 to 2020-09-30-1,869,254USD274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2021-09-302,341,063USD
At 2020-12-31824,265USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

PeriodValueUnitDays
2021-07-01 to 2021-09-30120,070USD92
2021-01-01 to 2021-09-30325,944USD273
2020-07-01 to 2020-09-30550,094USD92
2020-01-01 to 2020-09-30801,925USD274

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2021-09-303,302,744USD
At 2020-12-312,726,140USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

PeriodValueUnitDays
At 2021-09-30150,184USD
At 2020-12-31249,353USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2021-09-3035,963USD
At 2020-12-311,907USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2021-07-01 to 2021-09-301,632,956USD92
2021-01-01 to 2021-09-304,145,403USD273
2020-07-01 to 2020-09-30708,055USD92
2020-01-01 to 2020-09-301,870,815USD274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

PeriodValueUnitDays
At 2021-09-30654,128USD
At 2020-12-31446,575USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-21,517USD92
2021-01-01 to 2021-09-30-19,525USD273
2020-07-01 to 2020-09-301,489USD92
2020-01-01 to 2020-09-301,561USD274

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2021-09-30248,520,598shares
At 2020-12-31224,836,785shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2021-09-3041,936,255USD
At 2020-12-3128,714,488USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2021-09-301,878,426USD
At 2020-12-31-704,061USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2021-09-30816,703USD
At 2020-12-311,004,167USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

PeriodValueUnitDays
At 2021-09-30896,669USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2021-09-302,848,603USD
At 2020-12-311,160,907USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2021-09-30237,227USD
At 2020-12-31140,872USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

PeriodValueUnitDays
At 2021-09-30210,413USD
At 2020-12-31197,350USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-1,672,285USD92
2021-04-01 to 2021-06-30-4,318,474USD91
2021-01-01 to 2021-03-31-4,672,205USD90
2020-07-01 to 2020-09-30-987,624USD92
2020-04-01 to 2020-06-30-781,417USD91
2020-01-01 to 2020-03-31-561,305USD91

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-1,672,285USD92
2021-01-01 to 2021-09-30-10,662,964USD273
2020-07-01 to 2020-09-30-987,624USD92
2020-01-01 to 2020-09-30-2,330,346USD274

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2021-07-01 to 2021-09-30775,941USD92
2021-01-01 to 2021-09-302,309,878USD273
2020-07-01 to 2020-09-30402,217USD92
2020-01-01 to 2020-09-30903,279USD274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

PeriodValueUnitDays
2021-07-01 to 2021-09-3032,430USD92
2021-01-01 to 2021-09-3096,355USD273
2020-07-01 to 2020-09-3030,102USD92
2020-01-01 to 2020-09-3085,875USD274

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2021-07-01 to 2021-09-30-17,812USD92
2021-01-01 to 2021-09-30-6,498,036USD273
2020-07-01 to 2020-09-30-281,058USD92
2020-01-01 to 2020-09-30-461,092USD274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2020-01-01 to 2020-09-3034,747USD274

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2021-01-01 to 2021-09-305,054,662USD273
2020-01-01 to 2020-09-30684,167USD274

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-3034,056USD273

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

PeriodValueUnitDays
2021-01-01 to 2021-09-30207,553USD273
2020-01-01 to 2020-09-3046,173USD274

Inspect the source

Entity
Basanite, Inc. / CIK 0001448705
Captured
2026-09-19T11:18:13.033Z
SEC response SHA-256
5e25bfa84363e30f9e590e17a3c3197c2761c9e60ce2167d3efbbb0c18bf831d

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001448705.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))