$BASA
BASANITE, INC. Stock $basa

$basa Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-K Financial Statement

#000107997324000548 Filed on April 15, 2024

Income Statement

Concept	2024 Q2	2023 Q4	2023
Revenue	$86.89K	$58.43K	$376.1K
YoY Change	-43.36%	-89.82%	-72.27%
Cost Of Revenue	$30.19K	$81.09K	$248.3K
YoY Change	-67.82%	-90.38%	-89.77%
Gross Profit	$56.70K	-$22.66K	$127.8K
YoY Change	-4.83%	-91.58%	-111.92%
Gross Profit Margin	65.25%	-38.78%	33.98%
Selling, General & Admin	$228.9K	$428.0K	$1.731M
YoY Change	-57.24%	-51.14%	-51.31%
% of Gross Profit	403.79%		1354.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$31.82K	$31.96K	$128.0K
YoY Change	-0.49%	10.13%	-1.33%
% of Gross Profit	56.13%		100.14%
Operating Expenses	$228.9K	$428.0K	$1.731M
YoY Change	-57.24%	-51.14%	-51.31%
Operating Profit	-$172.2K	-$450.7K	-$1.603M
YoY Change	-63.8%	-60.64%	-65.35%
Interest Expense	$250.9K	-$130.8K	$566.4K
YoY Change	74.18%	5.94%	-210.6%
% of Operating Profit
Other Income/Expense, Net	-$250.9K		-$566.4K
YoY Change	74.18%		32.74%
Pretax Income	-$423.2K	-$581.5K	-$2.169M
YoY Change	-31.73%	-54.16%	-59.79%
Income Tax
% Of Pretax Income
Net Earnings	-$423.2K	-$581.5K	-$2.169M
YoY Change	-31.73%	-54.16%	-59.79%
Net Earnings / Revenue	-487.03%	-995.19%	-576.81%
Basic Earnings Per Share	$0.00		-$0.01
Diluted Earnings Per Share	$0.00	$0.00	-$0.01
COMMON SHARES
Basic Shares Outstanding	260.2M shares	259.2M shares	256.8M shares
Diluted Shares Outstanding	259.2M shares		256.8M shares

Balance Sheet

Concept	2024 Q2	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$62.18K	$55.25K	$55.25K
YoY Change	94.8%	82.1%	82.1%
Cash & Equivalents	$62.18K	$55.25K
Short-Term Investments
Other Short-Term Assets			$0.00
YoY Change			-100.0%
Inventory			$0.00
Prepaid Expenses	$0.00
Receivables	$35.97K	$40.22K	$40.22K
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$98.15K	$95.47K	$95.47K
YoY Change	-45.45%	-79.52%	-79.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$339.5K	$402.3K	$459.2K
YoY Change	-27.18%	-90.65%	-89.32%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$339.5K	$459.2K	$459.2K
YoY Change	-40.48%	-89.32%	-89.32%
TOTAL ASSETS
Total Short-Term Assets	$98.15K	$95.47K	$95.47K
Total Long-Term Assets	$339.5K	$459.2K	$459.2K
Total Assets	$437.6K	$554.7K	$554.7K
YoY Change	-41.67%	-88.37%	-88.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.791M	$1.762M	$1.762M
YoY Change	0.75%	2.88%	2.88%
Accrued Expenses	$1.612M	$1.208M	$1.264M
YoY Change	116.52%	19.81%	25.47%
Deferred Revenue
YoY Change
Short-Term Debt	$4.367M	$4.164M	$4.164M
YoY Change	21.17%	36.38%	36.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.245M	$7.666M	$7.666M
YoY Change	14.98%	1.14%	1.14%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change	-100.0%
Other Long-Term Liabilities	$0.00
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change	-100.0%	-100.0%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.245M	$7.666M	$7.666M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$8.245M	$7.666M	$7.666M
YoY Change	14.85%	-10.59%	-10.59%
SHAREHOLDERS EQUITY
Retained Earnings	-$56.97M	-$56.26M
YoY Change	3.25%	4.01%
Common Stock	$260.2K	$259.2K
YoY Change	1.17%	2.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$7.808M	-$7.112M	-$7.112M
YoY Change
Total Liabilities & Shareholders Equity	$437.6K	$554.7K	$554.7K
YoY Change	-41.67%	-88.37%	-88.37%

Cashflow Statement

Concept	2024 Q2	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$423.2K	-$581.5K	-$2.169M
YoY Change	-31.73%	-54.16%	-59.79%
Depreciation, Depletion And Amortization	$31.82K	$31.96K	$128.0K
YoY Change	-0.49%	10.13%	-1.33%
Cash From Operating Activities	-$66.61K	-$235.0K	-$1.056M
YoY Change	-85.01%	-93.47%	-1583.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities		$0.00	$0.00
YoY Change			-100.0%
Cash From Investing Activities		$0.00
YoY Change		-100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	125.0K	175.0K	$1.081M
YoY Change	-71.94%	-96.82%	-83.88%
NET CHANGE
Cash From Operating Activities	-66.61K	-235.0K	-$1.056M
Cash From Investing Activities		0.000
Cash From Financing Activities	125.0K	175.0K	$1.081M
Net Change In Cash	58.39K	-60.03K	$24.91K
YoY Change	4725.62%	-46.29%	-65.0%
FREE CASH FLOW
Cash From Operating Activities	-$66.61K	-$235.0K	-$1.056M
Capital Expenditures
Free Cash Flow			-$1.056M
YoY Change			-53.6%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022	basa	Loan Forgiveness LoanForgiveness	170096	usd
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	164266	usd
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	509013	usd
CY2023	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-137370	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	9564	usd
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-714655	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-27738	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	514677	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	653020	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1030968	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	505000	usd
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-93186	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-359429	usd
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CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2830650	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	178115	usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	450000	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	271885	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	649591	usd
CY2022	basa	Proceeds From Exercise Of Warrants And Options ProceedsFromExerciseOfWarrantsAndOptions	225000	usd
CY2022	basa	Proceeds From Subscription Liability ProceedsFromSubscriptionLiability	1300000	usd
CY2023	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	1145000	usd
CY2022	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	305000	usd
CY2023	basa	Repayments Of Note Payable RepaymentsOfNotePayable	64243	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1080757	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2479591	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	24908	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-79174	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30340	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	109514	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	55248	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	30340	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	45031	usd
CY2023	basa	Shares Issued From Subscription Liability SharesIssuedFromSubscriptionLiability	1300000	usd
CY2022	basa	Conversion Of Accrued Interest To Convertible Notes ConversionOfAccruedInterestToConvertibleNotes	454612	usd
CY2023Q4	us-gaap	Retained Earnings Appropriated RetainedEarningsAppropriated	56300000	usd
CY2022Q4	us-gaap	Retained Earnings Appropriated RetainedEarningsAppropriated	54000000.0	usd
CY2023Q4	basa	Working Capital Deficiency WorkingCapitalDeficiency	7600000	usd
CY2022Q4	basa	Working Capital Deficiency WorkingCapitalDeficiency	7000000	usd
CY2023	basa	Cash Used In Operating Activities CashUsedInOperatingActivities	1100000	usd
CY2022	basa	Cash Used In Operating Activities CashUsedInOperatingActivities	2800000	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	55248	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30340	usd
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84F_eus-gaap--UseOfEstimates_zjtbwBUVHAij" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>(A) <span id="xdx_865_zjgsHQK55Bw9">Use of Estimates in Financial Statements</span></i></b></p> <p style="font: 10pt/11.25pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">The presentation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt/9.35pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">Stock-based compensation and stock awards related to convertible debt instruments are recognized based on the fair value of the awards granted. The fair value of each award or conversion feature is estimated on the grant date using the Black-Scholes pricing model. The Black-Scholes pricing model requires the input of highly subjective assumptions, including the fair value of the underlying common stock, the expected term of the option, the expected volatility of the price of our common stock, risk-free interest rates and the expected dividend yield of our common stock. The assumptions used to determine the fair value of the stock awards represent management’s best estimates. These estimates involve inherent uncertainties and the application of management’s judgment.</p> <p style="font: 10pt/9.6pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost	1344	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	3434	usd
CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	9744	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	3434	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	9744	usd
CY2022Q4	basa	Rou Asset Amortization RouAssetAmortization	333	usd
CY2023Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	127	usd
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	101	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2169	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	7587	usd
CY2023Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	1265	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	454	usd
CY2022Q4	basa	Rou Liability Amortization RouLiabilityAmortization	359	usd
CY2023Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	0	usd
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	0	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	931438	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	931438	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	529167	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	401201	usd
CY2023Q4	basa	Property Plants And Equipment Net PropertyPlantsAndEquipmentNet	402271	usd
CY2022Q4	basa	Property Plants And Equipment Net PropertyPlantsAndEquipmentNet	530237	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	127967	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	100670	usd
CY2022	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2599585	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	127	usd
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	434	usd
CY2023Q4	basa	Valuation Allowance ValuationAllowance	127	usd
CY2022Q4	basa	Valuation Allowance ValuationAllowance	434	usd
CY2023Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	202187	usd
CY2022Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	22847	usd
CY2023Q4	basa	Accrued Interest Current AccruedInterestCurrent	998826	usd
CY2022Q4	basa	Accrued Interest Current AccruedInterestCurrent	340521	usd
CY2023Q4	basa	Accrued Expenses Current AccruedExpensesCurrent	64096	usd
CY2022Q4	basa	Accrued Expenses Current AccruedExpensesCurrent	775502	usd
CY2023Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	1265109	usd
CY2022Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	1138870	usd
CY2022Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	165000	usd
CY2022Q4	basa	Total Accrued Legal Liability TotalAccruedLegalLiability	165000	usd
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	134789603	shares
CY2022	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	148003598	shares
CY2023	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	20000	usd
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	1783284	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	0	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets PrepaidExpenseAndOtherAssets	0	usd
CY2023	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	0	usd
CY2022	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	509013	usd
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum	1.6212	pure
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum	1.6720	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum	1.4479	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum	1.4870	pure
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum	0.0078	pure
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum	0.0126	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum	0.0078	pure
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum	0.0126	pure
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2023Q4	us-gaap	Operating Loss Carryforwards Valuation Allowance OperatingLossCarryforwardsValuationAllowance	3400000	usd
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	56200000	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards Valuation Allowance OperatingLossCarryforwardsValuationAllowance	9700000	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	54000000.0	usd
CY2023	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	5500000	usd
CY2023	basa	Federal Net Operating Losses FederalNetOperatingLosses	28400000	usd
CY2023	basa	Federal Net Operating Losses Expired Amount If Not Utilized FederalNetOperatingLossesExpiredAmountIfNotUtilized	27200000	usd
CY2023Q4	us-gaap	Liability For Uncertain Tax Positions Current LiabilityForUncertainTaxPositionsCurrent	0	usd
CY2019Q1	basa	Base Rent Obligation BaseRentObligation	33825	usd
CY2019Q1	us-gaap	Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions	1405804	usd
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y1M24D
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.150	pure
CY2023	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	0	usd
CY2022	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	424593	usd
CY2023Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	0	usd
CY2022Q4	us-gaap	Convertible Debt Current ConvertibleDebtCurrent	0	usd
CY2023Q4	us-gaap	Deposit Liabilities Accrued Interest DepositLiabilitiesAccruedInterest	0	usd
CY2022Q4	us-gaap	Deposit Liabilities Accrued Interest DepositLiabilitiesAccruedInterest	0	usd
CY2023Q4	basa	Notes Payable Convertible Related Party NotesPayableConvertibleRelatedParty	2144357	usd
CY2022Q4	basa	Notes Payable Convertible Related Party NotesPayableConvertibleRelatedParty	2144357	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	1610005	usd
CY2023Q4	us-gaap	Other Notes Payable OtherNotesPayable	270000	usd
CY2022Q4	us-gaap	Other Notes Payable OtherNotesPayable	605000	usd
CY2018Q4	us-gaap	Debt Instrument Interest Rate Stated Percentage DebtInstrumentInterestRateStatedPercentage	0.04	pure
CY2018Q4	us-gaap	Notes Payable NotesPayable	260425	usd
CY2020Q3	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	191965	usd
CY2020Q3	us-gaap	Interest Payable Current InterestPayableCurrent	15729	usd
CY2023	us-gaap	Interest Expense Debt InterestExpenseDebt	5625	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	122	usd
CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	159630	usd
CY2021Q4	us-gaap	Interest Payable Current InterestPayableCurrent	63310	usd
CY2023	basa	Notes Payable Related Party Textblock NotesPayableRelatedPartyTextblock	<p id="xdx_800_ecustom--NotesPayableRelatedPartyTextblock_zOi5v5eRb6Wg" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 8 – <span id="xdx_82B_zEBy7ne5QQKl">NOTES PAYABLE – RELATED PARTY</span></b></p> <p style="font: 10pt/11.45pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">Notes payable – related party totaled $<span id="xdx_905_ecustom--NotesPayableRelatedPartyCurrentAndNoncurrent_c20231231_pp0p0" title="Notes payable - related party">1,750,000</span> and $<span id="xdx_906_ecustom--NotesPayableRelatedPartyCurrentAndNoncurrent_c20221231_pp0p0" title="Notes payable - related party">605,000</span> at December 31, 2023 and December 31, 2022, respectively.</p> <p style="font: 10pt/11.25pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On January 16, 2020, the Company entered into a demand note agreement with our Board Chairman, Michael V. Barbera, in the amount of $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_c20200116__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">50,000</span>. The note has a term of 6 months bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20200116__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum. On April 13, 2020, an addendum was executed changing the terms of the note to a convertible note payable bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20200413__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">12%</span> per annum. Per the addendum, the principal and accrued interest is convertible at the option of the holder after June 5, 2020 at a 20% discount of that days’ closing price. See Note 6 for information regarding this convertible note payable – related party.</p> <p style="font: 10pt/9.4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On April 2, 2021, the Company issued a promissory note with Paul Sallarulo, a member of our Board of Directors, in exchange for $<span id="xdx_904_eus-gaap--DebtInstrumentFaceAmount_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_c20210401__20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">October 2, 2022</span>. The company also issued <span id="xdx_906_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Issuance of shares">1,500,000</span> common stock warrants at an exercise price of $0.20 per share expiring in 5 years. The note was not paid by its due date. On April 2, 2022, the due date of this note was extended to <span id="xdx_908_eus-gaap--DebtInstrumentMaturityDate_c20220401__20220402__srt--CounterpartyNameAxis__custom--PaulSallaruloMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 1, 2024</span>. As of the date of this report, the note has not been called.</p> <p style="font: 10pt/9.35pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On April 2, 2021, the Company issued a promissory note with Michael V. Barbera, our Chairman of the Board, in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_907_eus-gaap--DebtInstrumentMaturityDate_c20210401__20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">October 2, 2022</span>. The company also issued <span id="xdx_906_eus-gaap--ClassOfWarrantOrRightOutstanding_c20210402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Issuance of shares">1,500,000</span> common stock warrants at an exercise price of $0.20 per share expiring in 5 years. The note was not paid by its due date. On April 2, 2022, the due date of this note was extended to <span id="xdx_905_eus-gaap--DebtInstrumentMaturityDate_c20220401__20220402__srt--CounterpartyNameAxis__custom--MichaelVBarberaMember__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 1, 2024</span>. As of the date of this report, the note has not been called.</p> <p style="font: 10pt/9.35pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 31, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">37,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220830__20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 31, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 22, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">20,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220821__20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 22, 2024</span>.</p> <p style="font: 10pt/7.4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 22, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">5,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220821__20220822__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 22, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 29, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">25,000</span> bearing an interest rate of <span id="xdx_902_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_909_eus-gaap--DebtInstrumentMaturityDate_c20220828__20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 29, 2024</span>.</p> <p style="font: 10pt/6.45pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 29, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_c20220828__20220829__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 29, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On August 31, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">13,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20220830__20220831__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">August 31, 2024</span>.</p> <p style="font: 10pt/6.45pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 9, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_901_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">60,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90B_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">August 16, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 9, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90D_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">September 9, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 9, 2022 the Company issued a promissory note to a strategic partner in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote2Member" title="Maturity date">September 9, 2024</span>.</p> <p style="font: 10pt/7.4pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 9, 2022 the Company issued a promissory note to a strategic partner in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_903_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote3Member" title="Maturity date">September 9, 2024</span>.</p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 9, 2022 the Company issued a promissory note to an investor and advisor to the board, in exchange for $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member_pdd" title="Interest rate">10%</span> per annum and payable on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20220908__20220909__us-gaap--TransactionTypeAxis__custom--PromissoryNote4Member" title="Maturity date">September 9, 2024</span>.</p> <p style="font: 10pt/6.45pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 22, 2022 the Company issued a promissory note to a board member in exchange for $<span id="xdx_904_eus-gaap--DebtInstrumentFaceAmount_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">42,500</span> bearing an interest rate of <span id="xdx_908_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_904_eus-gaap--DebtInstrumentMaturityDate_c20220921__20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">September 22, 2024</span>.</p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On February 14, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">10,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20230213__20230214__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">February 13, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On February 24, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">50,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20230223__20230224__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">February 23, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt/1.35pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/0.45pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On March 3, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20230301__20230303__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 2, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On March 24, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_908_eus-gaap--DebtInstrumentFaceAmount_c20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">15,000</span> bearing an interest rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20230301__20230324__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">March 23, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On April 12, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_906_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90E_eus-gaap--DebtInstrumentMaturityDate_c20230411__20230412__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 11, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On April 28, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_906_eus-gaap--DebtInstrumentFaceAmount_c20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_90E_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_900_eus-gaap--DebtInstrumentMaturityDate_c20230427__20230428__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">April 27, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On May 12, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_909_eus-gaap--DebtInstrumentFaceAmount_c20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_905_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90C_eus-gaap--DebtInstrumentMaturityDate_c20230511__20230512__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">May 11, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On June 5, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230604__20230605__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">June 4, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On July 25, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_905_eus-gaap--DebtInstrumentFaceAmount_c20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">200,000</span> bearing an interest rate of <span id="xdx_909_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_902_eus-gaap--DebtInstrumentMaturityDate_c20230624__20230625__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">July 24, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 11, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90A_eus-gaap--DebtInstrumentFaceAmount_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">150,000</span> bearing an interest rate of <span id="xdx_90B_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230910__20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">September 10, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 11, 2023 the Company issued a promissory note to an advisor to the board in exchange for $<span id="xdx_90E_eus-gaap--DebtInstrumentFaceAmount_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">50,000</span> bearing an interest rate of <span id="xdx_90D_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_906_eus-gaap--DebtInstrumentMaturityDate_c20230910__20230911__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">September 10, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On November 2, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90D_eus-gaap--DebtInstrumentFaceAmount_c20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">100,000</span> bearing an interest rate of <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90A_eus-gaap--DebtInstrumentMaturityDate_c20231101__20231102__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">November 1, 2024</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On December 12, 2023 the Company issued a promissory note to a board member in exchange for $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pp0p0" title="Face amount">75,000</span> bearing an interest rate of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember_pdd" title="Interest rate">20%</span> per annum and payable on <span id="xdx_90F_eus-gaap--DebtInstrumentMaturityDate_c20231201__20231212__us-gaap--TransactionTypeAxis__custom--PromissoryNoteMember" title="Maturity date">December 11, 2024</span>.</p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"> </p> <p style="font: 10pt/7.15pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">On September 22, 2022 the Company issued a promissory note to an investor and advisor to the board in exchange for $<span id="xdx_90F_eus-gaap--DebtInstrumentFaceAmount_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pp0p0" title="Face amount">42,500</span> bearing an interest rate of <span id="xdx_90C_eus-gaap--DebtInstrumentInterestRateStatedPercentage_c20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member_pdd" title="Interest rate">18%</span> per annum and payable on <span id="xdx_900_eus-gaap--DebtInstrumentMaturityDate_c20220921__20220922__us-gaap--TransactionTypeAxis__custom--PromissoryNote1Member" title="Maturity date">September 22, 2024</span>.</p> <p style="font: 10pt/102% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">Interest expense for the Company’s notes payable – related party was $<span id="xdx_903_eus-gaap--InterestExpenseOther_c20230101__20231231_pp0p0" title="Interest expense">566,429</span> and $<span id="xdx_905_eus-gaap--InterestExpenseOther_c20220101__20221231_pp0p0" title="Interest expense">121,932</span> for the years ended December 31, 2023 and 2022, respectively.</p> <p style="font: 10pt/8.5pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 29.15pt">Accrued interest for the Company’s notes payable at December 31, 2023 and December 31, 2022 was $<span id="xdx_903_eus-gaap--InterestReceivableCurrent_c20231231_pp0p0" title="Accrued interest">287,725</span> and $<span id="xdx_90C_eus-gaap--InterestReceivableCurrent_c20221231_pp0p0" title="Accrued interest">121,932</span>, respectively, and is included in accrued expenses on the consolidated balance sheets.</p> <p style="font: 10pt/8.3pt Times New Roman, Times, Serif; margin: 0"> </p>
CY2023Q4	basa	Notes Payable Related Party Current And Noncurrent NotesPayableRelatedPartyCurrentAndNoncurrent	1750000	usd
CY2022Q4	basa	Notes Payable Related Party Current And Noncurrent NotesPayableRelatedPartyCurrentAndNoncurrent	605000	usd
CY2023	us-gaap	Interest Expense Other InterestExpenseOther	566429	usd
CY2022	us-gaap	Interest Expense Other InterestExpenseOther	121932	usd
CY2023Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	287725	usd
CY2022Q4	us-gaap	Interest Receivable Current InterestReceivableCurrent	121932	usd
CY2021Q4	us-gaap	Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights	40000000	shares
CY2021Q3	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	0.275
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	164266	usd
CY2023Q4	basa	Subscription Liabilities SubscriptionLiabilities	0	usd
CY2022Q4	basa	Subscription Liabilities SubscriptionLiabilities	1300000	usd

Files In Submission

Name	View Source	Status
0001079973-24-000548-index-headers.html	Edgar Link	pending
0001079973-24-000548-index.html	Edgar Link	pending
0001079973-24-000548.txt	Edgar Link	pending
0001079973-24-000548-xbrl.zip	Edgar Link	pending
basa-20231231.xsd	Edgar Link	pending
basa-20231231_cal.xml	Edgar Link	unprocessable
basa_10k-123123.htm	Edgar Link	pending
basa_ex31x1.htm	Edgar Link	pending
basa_ex31x2.htm	Edgar Link	pending
basa_ex32x1.htm	Edgar Link	pending
basa_ex32x2.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
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basa-20231231_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
basa_10k-123123_htm.xml	Edgar Link	completed
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
basa-20231231_lab.xml	Edgar Link	unprocessable
basa-20231231_def.xml	Edgar Link	unprocessable

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$BASA
BASANITE, INC. Stock $basa

2024 Q2 Form 10-K Financial Statement

#000107997324000548 Filed on April 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BASA BASANITE, INC. Stock $basa

2024 Q2 Form 10-K Financial Statement

#000107997324000548 Filed on April 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$BASA
BASANITE, INC. Stock $basa