Bantec, Inc.: 10-Q filed 2023-05-15

Name: Bantec, Inc.: 10-Q filed 2023-05-15
Creator: Bantec, Inc.

What Bantec, Inc. reported in its quarterly report filed 2023-05-15 (fiscal Q2 2023): 41 published measures, 110 facts as tagged in accession 0001213900-23-039539.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-05-15
Fiscal period: fiscal Q2 2023
Accession: 0001213900-23-039539 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 2023-03-31	406,904	USD
At 2022-09-30	738,946	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-03-31	17,608,914	USD
At 2022-09-30	16,632,039	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2023-03-31	-17,964,143	USD
At 2022-09-30	-16,578,533	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 2023-03-31	10,149	USD
At 2022-09-30	186,386	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
2023-01-01 to 2023-03-31	-830,668	USD	90
2022-10-01 to 2023-03-31	-1,612,343	USD	182
2022-01-01 to 2022-03-31	-722,704	USD	90
2021-10-01 to 2022-03-31	-1,575,676	USD	182

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
2022-10-01 to 2023-03-31	-320,732	USD	182
2021-10-01 to 2022-03-31	-985,226	USD	182

Revenue

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

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	623,123	USD	90
2022-10-01 to 2023-03-31	1,229,289	USD	182
2022-01-01 to 2022-03-31	369,908	USD	90
2021-10-01 to 2022-03-31	772,025	USD	182

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
2022-10-01 to 2023-03-31	144,495	USD	182
2021-10-01 to 2022-03-31	387,103	USD	182

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 2023-03-31	-37,242,529	USD
At 2022-09-30	-35,630,186	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	6,526,894,563	shares	90
2022-10-01 to 2023-03-31	5,922,850,352	shares	182
2022-01-01 to 2022-03-31	3,137,190,619	shares	90
2021-10-01 to 2022-03-31	2,862,173,585	shares	182

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	6,526,894,563	shares	90
2022-10-01 to 2023-03-31	5,922,850,352	shares	182
2022-01-01 to 2022-03-31	3,137,190,619	shares	90
2021-10-01 to 2022-03-31	2,862,173,585	shares	182

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.

Period	Unit	Days
2023-01-01 to 2023-03-31	USD/shares	90
2022-10-01 to 2023-03-31	USD/shares	182
2022-01-01 to 2022-03-31	USD/shares	90
2021-10-01 to 2022-03-31	USD/shares	182

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Unit	Days
2023-01-01 to 2023-03-31	USD/shares	90
2022-10-01 to 2023-03-31	USD/shares	182
2022-01-01 to 2022-03-31	USD/shares	90
2021-10-01 to 2022-03-31	USD/shares	182

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 2023-03-31	1,461	USD
At 2022-09-30	1,461	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
2021-10-01 to 2022-03-31	69,108	USD	182

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
2023-01-01 to 2023-03-31	-373,306	USD	90
2022-10-01 to 2023-03-31	-792,646	USD	182
2022-01-01 to 2022-03-31	-499,674	USD	90
2021-10-01 to 2022-03-31	-1,059,153	USD	182

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 2023-03-31	398,000	USD
At 2022-09-30	703,917	USD

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 2023-03-31	17,458,914	USD
At 2022-09-30	16,504,500	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 2023-03-31	2,717,147	USD
At 2022-09-30	2,730,309	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 2023-03-31	299,350	USD
At 2022-09-30	419,951	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
2023-01-01 to 2023-03-31	481,483	USD	90
2022-10-01 to 2023-03-31	995,773	USD	182
2022-01-01 to 2022-03-31	547,529	USD	90
2021-10-01 to 2022-03-31	1,201,825	USD	182

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 2023-03-31	83,838	USD
At 2022-09-30	92,917	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
2023-01-01 to 2023-03-31	108,177	USD	90
2022-10-01 to 2023-03-31	203,127	USD	182
2022-01-01 to 2022-03-31	47,855	USD	90
2021-10-01 to 2022-03-31	142,672	USD	182

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
2023-01-01 to 2023-03-31	481,483	USD	90
2022-10-01 to 2023-03-31	995,773	USD	182
2022-01-01 to 2022-03-31	547,529	USD	90
2021-10-01 to 2022-03-31	1,201,825	USD	182

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 2023-03-31	6,993,994,532	shares
At 2022-09-30	4,407,320,832	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 2023-03-31	18,578,986	USD
At 2022-09-30	18,610,920	USD

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.

Period	Value	Unit
At 2023-03-31	-17,964,143	USD
At 2022-12-31	-17,195,238	USD
At 2022-09-30	-16,578,533	USD
At 2022-03-31	-15,377,405	USD
At 2021-12-31	-15,178,266	USD
At 2021-09-30	-14,796,078	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 2023-03-31	7,443	USD
At 2022-09-30	33,568	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 2020-09-30	156,554	USD

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.

Period	Value	Unit	Days
At 2023-03-31	149,111	USD
At 2022-09-30	122,986	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 2023-03-31	5,880,856	USD
At 2022-09-30	5,094,394	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 2023-03-31	4,663	USD
At 2022-09-30	4,663	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
2023-01-01 to 2023-03-31	-830,668	USD	90
2022-10-01 to 2023-03-31	-1,612,343	USD	182
2022-01-01 to 2022-03-31	-722,704	USD	90
2021-10-01 to 2022-03-31	-1,575,676	USD	182

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.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-830,668	USD	90
2022-10-01 to 2023-03-31	-1,612,343	USD	182
2022-01-01 to 2022-03-31	-722,704	USD	90
2021-10-01 to 2022-03-31	-1,575,676	USD	182

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.

Period	Value	Unit	Days
2023-01-01 to 2023-03-31	-870,400	USD	90
2022-10-01 to 2023-03-31	-1,689,035	USD	182
2022-01-01 to 2022-03-31	-722,704	USD	90
2021-10-01 to 2022-03-31	-1,575,676	USD	182

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
2023-01-01 to 2023-03-31	-457,362	USD	90
2022-10-01 to 2023-03-31	-819,697	USD	182
2022-01-01 to 2022-03-31	-223,030	USD	90
2021-10-01 to 2022-03-31	-516,523	USD	182

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
2022-10-01 to 2023-03-31	16,965	USD	182

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.

Period	Value	Unit	Days
2022-10-01 to 2023-03-31	99,333	USD	182
2021-10-01 to 2022-03-31	574,589	USD	182

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
2022-06-01 to 2022-06-27	5,000	USD	27

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
2022-10-01 to 2023-03-31	-120,602	USD	182
2021-10-01 to 2022-03-31	41,013	USD	182

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
2022-10-01 to 2023-03-31	-9,080	USD	182
2021-10-01 to 2022-03-31	60,392	USD	182

Inspect the source

Entity: Bantec, Inc. / CIK 0001704795
Captured: 2026-09-22 19:54 UTC
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
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with urlopen("https://canlicapital.com/company-data/0001704795.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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