Bantec, Inc.: 10-Q filed 2020-08-14
What Bantec, Inc. reported in its quarterly report filed 2020-08-14 (fiscal Q3 2020): 35 published measures, 92 facts as tagged in accession 0001213900-20-022186.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2020-08-14
- Fiscal period
- fiscal Q3 2020
- Accession
- 0001213900-20-022186 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 2020-06-30 | 843,345 | 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 2020-06-30 | 18,940,728 | 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 2020-06-30 | -18,097,383 | USD | |
| At 2020-03-31 | -16,217,285 | USD | |
| At 2019-09-30 | -14,895,354 | USD | |
| At 2019-06-30 | -11,808,301 | USD | |
| At 2019-03-31 | -10,090,060 | USD | |
| At 2018-09-30 | -9,157,094 | 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 2020-06-30 | 246,171 | USD | |
| At 2019-09-30 | 149,832 | USD | |
| At 2019-06-30 | 41,930 | 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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | -2,215,592 | USD | 91 |
| 2019-10-01 to 2020-06-30 | -3,736,655 | USD | 274 |
| 2019-04-01 to 2019-06-30 | -1,650,147 | USD | 91 |
| 2018-10-01 to 2019-06-30 | -3,732,559 | USD | 273 |
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 2020-06-30 | -95,906 | USD | 274 |
| 2018-10-01 to 2019-06-30 | -883,551 | USD | 273 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | 1,144,893 | USD | 91 |
| 2019-10-01 to 2020-06-30 | 3,623,323 | USD | 274 |
| 2019-04-01 to 2019-06-30 | 2,176,773 | USD | 91 |
| 2018-10-01 to 2019-06-30 | 8,589,148 | USD | 273 |
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 2020-06-30 | 192,245 | USD | 274 |
| 2018-10-01 to 2019-06-30 | 832,641 | USD | 273 |
Investing cash flow
Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2018-10-01 to 2019-06-30 | -15,606 | USD | 273 |
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 2020-06-30 | -30,483,106 | 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 2020-06-30 | 11,607 | 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 2020-06-30 | 87,015 | USD | 274 |
| 2018-10-01 to 2019-06-30 | 236,277 | USD | 273 |
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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | -305,397 | USD | 91 |
| 2019-10-01 to 2020-06-30 | -1,248,813 | USD | 274 |
| 2019-04-01 to 2019-06-30 | -1,192,781 | USD | 91 |
| 2018-10-01 to 2019-06-30 | -2,348,832 | USD | 273 |
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 2020-06-30 | 679,632 | 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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | 434,615 | USD | 91 |
| 2019-10-01 to 2020-06-30 | 1,169,732 | USD | 274 |
| 2019-12-02 to 2019-12-30 | 22,810 | USD | 29 |
| 2019-04-01 to 2019-06-30 | 277,746 | USD | 91 |
| 2018-10-01 to 2019-06-30 | 1,180,454 | USD | 273 |
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 2020-06-30 | 16,148,896 | 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 2020-06-30 | 2,997,122 | USD | |
| At 2019-09-30 | 3,163,443 | USD | |
| At 2019-04-10 | 218,637 | 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 2020-06-30 | 374,830 | 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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | 618,368 | USD | 91 |
| 2019-10-01 to 2020-06-30 | 2,072,236 | USD | 274 |
| 2019-04-01 to 2019-06-30 | 1,374,043 | USD | 91 |
| 2018-10-01 to 2019-06-30 | 3,192,375 | USD | 273 |
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 2020-06-30 | 54,131 | 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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | 312,971 | USD | 91 |
| 2019-10-01 to 2020-06-30 | 823,405 | USD | 274 |
| 2019-04-01 to 2019-06-30 | 181,262 | USD | 91 |
| 2018-10-01 to 2019-06-30 | 843,543 | USD | 273 |
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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | 615,596 | USD | 91 |
| 2019-10-01 to 2020-06-30 | 2,063,920 | USD | 274 |
| 2019-04-01 to 2019-06-30 | 657,883 | USD | 91 |
| 2018-10-01 to 2019-06-30 | 2,338,524 | USD | 273 |
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 2020-06-30 | 124,823,560 | 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 2020-06-30 | 12,373,240 | USD | |
| At 2019-09-30 | 11,850,771 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-06-30 | 152,106 | USD |
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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2020-06-30 | 156,554 | 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 2020-06-30 | 3,219,993 | 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 2020-06-30 | 4,500 | 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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | -2,215,592 | USD | 91 |
| 2019-10-01 to 2020-06-30 | -3,736,655 | USD | 274 |
| 2019-04-01 to 2019-06-30 | -1,650,147 | USD | 91 |
| 2018-10-01 to 2019-06-30 | -3,732,559 | USD | 273 |
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 2020-06-30 | 8,316 | USD | 274 |
| 2018-10-01 to 2019-06-30 | 8,344 | USD | 273 |
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 |
|---|---|---|---|
| 2020-04-01 to 2020-06-30 | -1,910,195 | USD | 91 |
| 2019-10-01 to 2020-06-30 | -2,487,824 | USD | 274 |
| 2019-04-01 to 2019-06-30 | -457,366 | USD | 91 |
| 2018-10-01 to 2019-06-30 | -1,383,727 | USD | 273 |
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 2020-06-30 | 98,895 | USD | 274 |
| 2018-10-01 to 2019-06-30 | 148,435 | USD | 273 |
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 |
|---|---|---|---|
| 2019-12-02 to 2019-12-30 | 500 | USD | 29 |
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 2020-06-30 | -416,898 | USD | 274 |
| 2018-10-01 to 2019-06-30 | -644,659 | USD | 273 |
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 2020-06-30 | -64,427 | USD | 274 |
| 2018-10-01 to 2019-06-30 | -443,175 | USD | 273 |
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"])))