Bantec, Inc.: 10-Q filed 2020-03-17
What Bantec, Inc. reported in its quarterly report filed 2020-03-17 (fiscal Q1 2020): 33 published measures, 68 facts as tagged in accession 0001213900-20-006670.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2020-03-17
- Fiscal period
- fiscal Q1 2020
- Accession
- 0001213900-20-006670 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 Bantec, Inc. filings.
Reported measures
Total assets
Resources recognized on the balance sheet. Book assets are not the market value of the business.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 1,012,213 | USD | |
| At 2019-09-30 | 1,084,588 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 16,450,290 | USD | |
| At 2019-09-30 | 15,979,942 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | -15,438,077 | USD | |
| At 2019-09-30 | -14,895,354 | USD | |
| At 2018-12-31 | -9,709,862 | USD | |
| At 2018-09-30 | -9,157,344 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 162,708 | USD | |
| At 2019-09-30 | 149,832 | USD | |
| At 2018-12-31 | 150,693 | USD | |
| At 2018-09-30 | 108,446 | USD |
Net income or loss
Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -666,843 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -1,065,542 | USD | 92 |
Operating cash flow
Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 138,856 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -376,753 | USD | 92 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 1,422,083 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 3,752,458 | USD | 92 |
Financing cash flow
Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -125,980 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 419,000 | USD | 92 |
Retained earnings or deficit
Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | -27,413,294 | USD | |
| At 2019-09-30 | -26,746,451 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 17,151 | USD | |
| At 2019-09-30 | 19,923 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 88,504 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 150,957 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -481,675 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -562,333 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 995,062 | USD | |
| At 2019-09-30 | 1,064,665 | USD |
Interest expense
Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 22,810 | USD | 92 |
Current liabilities
Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 15,192,104 | USD | |
| At 2019-09-30 | 14,697,003 | USD |
Current accounts payable
Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 3,344,922 | USD | |
| At 2019-09-30 | 3,163,443 | USD | |
| At 2019-04-10 | 218,367 | USD |
Net current accounts receivable
Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 589,682 | USD | |
| At 2019-09-30 | 791,728 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 714,226 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 937,252 | USD | 92 |
Net inventory
Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 239,172 | USD | |
| At 2019-09-30 | 118,558 | USD |
Gross profit
Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 232,551 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 374,919 | USD | 92 |
Selling, general and administrative expense
Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 711,454 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 868,938 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 3,670,112 | shares | |
| At 2019-09-30 | 3,255,346 | shares |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 11,974,849 | USD | |
| At 2019-09-30 | 11,850,771 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 2,444,479 | USD | |
| At 2019-09-30 | 1,906,478 | USD |
Prepaid expenses and other current assets
Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2019-12-31 | 3,500 | USD | |
| At 2019-09-30 | 4,547 | USD |
Pre-tax income or loss from continuing operations
Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -666,843 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -1,065,542 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 2,772 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 2,065 | USD | 92 |
Other nonoperating income or expense
Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2018-10-01 to 2018-12-31 | 12 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -185,168 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -503,209 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 7,082 | USD | 92 |
| 2018-10-01 to 2018-12-31 | 116,939 | USD | 92 |
Operating lease payments
Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 500 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | -202,046 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -625,007 | USD | 92 |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2019-10-01 to 2019-12-31 | 120,614 | USD | 92 |
| 2018-10-01 to 2018-12-31 | -257,763 | USD | 92 |
Inspect the source
- Entity
- Bantec, Inc. / CIK 0001704795
- Captured
- SEC response SHA-256
c7a6fe552340e0b5ccd5d6a57250a055f91ef414e043167b906c3a1c8d0d45ab
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.
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import json
from urllib.request import urlopen
with urlopen("https://canlicapital.com/company-data/0001704795.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"])))