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Bantec, Inc.: 10-Q filed 2021-05-21

What Bantec, Inc. reported in its quarterly report filed 2021-05-21 (fiscal Q2 2021): 37 published measures, 96 facts as tagged in accession 0001213900-21-028402.

This filing

Form
10-Q (quarterly report)
Filed
2021-05-21
Fiscal period
fiscal Q2 2021
Accession
0001213900-21-028402 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 2021-03-31674,861USD
At 2020-09-30741,016USD

Total liabilities

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

PeriodValueUnitDays
At 2021-03-3116,423,636USD
At 2020-09-3018,685,989USD

Stockholders equity

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

PeriodValueUnitDays
At 2021-03-31-15,748,775USD
At 2020-12-31-16,852,601USD
At 2020-09-30-17,944,973USD
At 2020-03-31-16,217,285USD
At 2019-12-31-15,438,077USD
At 2019-09-30-14,895,354USD

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 2021-03-31231,404USD
At 2020-09-30164,014USD
At 2020-03-31192,925USD
At 2019-09-30149,832USD

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 2021-03-31-209,986USD90
2020-10-01 to 2021-03-31-189,440USD182
2020-01-01 to 2020-03-31-854,220USD91
2019-10-01 to 2020-03-31-1,521,063USD183

Operating cash flow

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

PeriodValueUnitDays
2020-10-01 to 2021-03-31-591,628USD182
2019-10-01 to 2020-03-31222,279USD183

Revenue

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

PeriodValueUnitDays
2021-01-01 to 2021-03-31664,896USD90
2020-10-01 to 2021-03-311,411,904USD182
2020-01-01 to 2020-03-311,056,347USD91
2019-10-01 to 2020-03-312,478,430USD183

Financing cash flow

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

PeriodValueUnitDays
2020-10-01 to 2021-03-31659,018USD182
2019-10-01 to 2020-03-31-179,186USD183

Retained earnings or deficit

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

PeriodValueUnitDays
At 2021-03-31-31,264,209USD
At 2020-09-30-31,074,769USD

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

PeriodValueUnitDays
2021-01-01 to 2021-03-310USD/shares90
2020-10-01 to 2021-03-310USD/shares182
2020-01-01 to 2020-03-31-0.22USD/shares91
2019-10-01 to 2020-03-31-0.42USD/shares183

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 2021-03-313,919USD
At 2020-09-308,835USD

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
2020-10-01 to 2021-03-31132,413USD182
2019-10-01 to 2020-03-31158,486USD183

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
2021-01-01 to 2021-03-31-491,176USD90
2020-10-01 to 2021-03-31-815,132USD182
2020-01-01 to 2020-03-31-461,759USD91
2019-10-01 to 2020-03-31-943,434USD183

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 2021-03-31558,865USD
At 2020-09-30593,405USD

Current liabilities

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

PeriodValueUnitDays
At 2021-03-3116,057,964USD
At 2020-09-3016,807,686USD

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 2021-03-312,690,652USD
At 2020-09-302,832,790USD
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 2021-03-31207,542USD
At 2020-09-30349,389USD

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
2021-01-01 to 2021-03-31701,031USD90
2020-10-01 to 2021-03-311,491,795USD182
2020-01-01 to 2020-03-31739,642USD91
2019-10-01 to 2020-03-311,453,868USD183

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 2021-03-31112,506USD
At 2020-09-3044,599USD

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
2021-01-01 to 2021-03-31209,855USD90
2020-10-01 to 2021-03-31676,663USD182
2020-01-01 to 2020-03-31277,883USD91
2019-10-01 to 2020-03-31510,434USD183

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
2021-01-01 to 2021-03-31698,573USD90
2020-10-01 to 2021-03-311,486,879USD182
2020-01-01 to 2020-03-31736,870USD91
2019-10-01 to 2020-03-311,448,324USD183

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 2021-03-311,553,882,154shares
At 2020-09-30491,032,439shares

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 2021-03-3115,360,046USD
At 2020-09-3013,080,692USD

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 2021-03-31112,077USD
At 2020-09-30138,776USD

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 2021-03-31156,554USD
At 2020-09-30156,554USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2021-03-31370,710USD

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 2021-03-3144,477USD

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 2021-03-314,031,722USD
At 2020-09-303,595,428USD

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 2021-03-317,413USD
At 2020-09-3035,403USD

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
2021-01-01 to 2021-03-31-209,986USD90
2020-10-01 to 2021-03-31-189,440USD182
2020-01-01 to 2020-03-31-854,220USD91
2019-10-01 to 2020-03-31-1,521,063USD183

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
2021-01-01 to 2021-03-312,458USD90
2020-10-01 to 2021-03-314,916USD182
2020-01-01 to 2020-03-312,772USD91
2019-10-01 to 2020-03-315,544USD183

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.

PeriodValueUnitDays
2019-10-01 to 2020-03-3111,113USD183

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
2021-01-01 to 2021-03-31281,190USD90
2020-10-01 to 2021-03-31625,692USD182
2020-01-01 to 2020-03-31-392,461USD91
2019-10-01 to 2020-03-31-577,629USD183

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

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
2020-10-01 to 2021-03-311,155,032USD182

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
2020-10-01 to 2021-03-31-141,847USD182
2019-10-01 to 2020-03-31-482,629USD183

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
2020-10-01 to 2021-03-3167,907USD182
2019-10-01 to 2020-03-31353,288USD183

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"])))