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Bantec, Inc.: 10-Q filed 2020-06-26

What Bantec, Inc. reported in its quarterly report filed 2020-06-26 (fiscal Q2 2020): 33 published measures, 90 facts as tagged in accession 0001213900-20-015931.

This filing

Form
10-Q (quarterly report)
Filed
2020-06-26
Fiscal period
fiscal Q2 2020
Accession
0001213900-20-015931 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.

PeriodValueUnitDays
At 2020-03-31992,749USD
At 2019-09-301,084,588USD

Total liabilities

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

PeriodValueUnitDays
At 2020-03-3117,210,034USD
At 2019-09-3015,979,942USD

Stockholders equity

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

PeriodValueUnitDays
At 2020-03-31-16,217,285USD
At 2019-12-31-15,438,077USD
At 2019-09-30-14,895,354USD
At 2019-03-31-10,090,060USD
At 2018-12-31-9,709,862USD
At 2018-09-30-9,157,344USD

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 2020-03-31192,925USD
At 2019-09-30149,832USD
At 2019-03-3194,735USD
At 2018-09-30108,446USD

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
2020-01-01 to 2020-03-31-854,220USD91
2019-10-01 to 2020-03-31-1,521,063USD183
2019-01-01 to 2019-03-31-1,016,870USD90
2018-10-01 to 2019-03-31-2,082,412USD182

Operating cash flow

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

PeriodValueUnitDays
2019-10-01 to 2020-03-31222,279USD183
2018-10-01 to 2019-03-31-746,317USD182

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2020-01-01 to 2020-03-311,056,347USD91
2019-10-01 to 2020-03-312,478,430USD183
2019-01-01 to 2019-03-312,659,917USD90
2018-10-01 to 2019-03-316,412,375USD182

Financing cash flow

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

PeriodValueUnitDays
2019-10-01 to 2020-03-31-179,186USD183
2018-10-01 to 2019-03-31748,212USD182

Investing cash flow

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

PeriodValueUnitDays
2018-10-01 to 2019-03-31-15,606USD182

Retained earnings or deficit

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

PeriodValueUnitDays
At 2020-03-31-28,267,514USD
At 2019-09-30-26,746,451USD

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 2020-03-3114,379USD
At 2019-09-3019,923USD

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
2019-10-01 to 2020-03-31158,486USD183
2018-10-01 to 2019-03-31162,622USD182

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
2020-01-01 to 2020-03-31-461,759USD91
2019-10-01 to 2020-03-31-943,434USD183
2019-01-01 to 2019-03-31-593,718USD90
2018-10-01 to 2019-03-31-1,156,051USD182

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 2020-03-31978,370USD
At 2019-09-301,064,665USD

Interest expense

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

PeriodValueUnitDays
2020-01-01 to 2020-03-31392,461USD91
2019-10-01 to 2020-03-31735,117USD183
2019-12-02 to 2019-12-3022,810USD29
2019-01-01 to 2019-03-31437,668USD90
2018-10-01 to 2019-03-31902,720USD182

Current liabilities

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

PeriodValueUnitDays
At 2020-03-3115,987,048USD
At 2019-09-3014,697,003USD

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 2020-03-313,570,610USD
At 2019-09-303,163,443USD
At 2019-04-10218,637USD

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 2020-03-31309,099USD
At 2019-09-30791,728USD

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
2020-01-01 to 2020-03-31739,642USD91
2019-10-01 to 2020-03-311,453,868USD183
2019-01-01 to 2019-03-31881,080USD90
2018-10-01 to 2019-03-311,818,332USD182

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 2020-03-31471,846USD
At 2019-09-30118,558USD

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
2020-01-01 to 2020-03-31277,883USD91
2019-10-01 to 2020-03-31510,434USD183
2019-01-01 to 2019-03-31287,362USD90
2018-10-01 to 2019-03-31662,281USD182

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.

PeriodValueUnitDays
2020-01-01 to 2020-03-31736,870USD91
2019-10-01 to 2020-03-311,448,324USD183
2019-01-01 to 2019-03-31811,703USD90
2018-10-01 to 2019-03-311,680,641USD182

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 2020-03-314,414,959shares
At 2019-09-303,255,346shares

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 2020-03-3112,049,787USD
At 2019-09-3011,850,771USD

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 2020-03-312,807,580USD
At 2019-09-301,906,478USD

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.

PeriodValueUnitDays
At 2020-03-314,500USD
At 2019-09-304,547USD

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.

PeriodValueUnitDays
2020-01-01 to 2020-03-31-854,220USD91
2019-10-01 to 2020-03-31-1,521,063USD183
2019-01-01 to 2019-03-31-1,016,870USD90
2018-10-01 to 2019-03-31-2,082,412USD182

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
2019-10-01 to 2020-03-315,544USD183
2018-10-01 to 2019-03-315,193USD182

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
2020-01-01 to 2020-03-31-392,461USD91
2019-10-01 to 2020-03-31-577,629USD183
2019-01-01 to 2019-03-31-423,152USD90
2018-10-01 to 2019-03-31-926,361USD182

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
2019-10-01 to 2020-03-3184,895USD183
2018-10-01 to 2019-03-31118,435USD182

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.

PeriodValueUnitDays
2019-12-02 to 2019-12-30500USD29

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
2019-10-01 to 2020-03-31-482,629USD183
2018-10-01 to 2019-03-31-613,321USD182

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
2019-10-01 to 2020-03-31353,288USD183
2018-10-01 to 2019-03-31-412,229USD182

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.

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.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
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"])))