$BASA
BASANITE, INC.

2014 Q2 Form 10-Q Financial Statement

#000155335014000580 Filed on May 20, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2014 Q1 2013 Q1
Revenue $592.00 $2.448K $5.885K
YoY Change -78.28% -58.4% -11.54%
Cost Of Revenue
YoY Change
Gross Profit $592.00 $2.448K
YoY Change
Gross Profit Margin 100.0% 100.0%
Selling, General & Admin $13.30K $382.1K $44.84K
YoY Change -87.96% 752.18% 13.16%
% of Gross Profit 2246.11% 15609.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $305.00 $305.00 $2.369K
YoY Change -86.95% -87.13% -0.04%
% of Gross Profit 51.52% 12.46%
Operating Expenses $158.5K $479.7K $381.9K
YoY Change -83.53% 25.61% -31.05%
Operating Profit -$157.9K -$477.3K -$376.0K
YoY Change -83.54% 26.92% -31.28%
Interest Expense $115.9K $169.3K $54.75K
YoY Change -5.68% 209.27% 2602.22%
% of Operating Profit
Other Income/Expense, Net -$115.9K -$169.3K -$54.75K
YoY Change -5.68% 209.27% 2602.22%
Pretax Income -$273.9K -$646.6K -$430.8K
YoY Change -74.7% 50.1% -21.57%
Income Tax
% Of Pretax Income
Net Earnings -$273.9K -$646.6K -$430.8K
YoY Change -74.7% 50.1% -21.57%
Net Earnings / Revenue -46261.49% -26412.79% -7319.85%
Basic Earnings Per Share
Diluted Earnings Per Share -$48.47K -$116.7K -$390.9K
COMMON SHARES
Basic Shares Outstanding 5.573M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q2 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $0.00 $40.00K
YoY Change -66.67% -100.0% 33.33%
Cash & Equivalents $7.235K $1.149K $36.83K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $7.235K $1.149K $36.83K
YoY Change -94.56% -96.88% 22.78%
LONG-TERM ASSETS
Property, Plant & Equipment $2.006K $2.311K $9.468K
YoY Change -71.75% -75.59% -52.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $2.006K $2.311K $13.76K
YoY Change -94.79% -83.2% -54.14%
TOTAL ASSETS
Total Short-Term Assets $7.235K $1.149K $36.83K
Total Long-Term Assets $2.006K $2.311K $13.76K
Total Assets $9.241K $3.460K $50.59K
YoY Change -94.61% -93.16% -15.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $225.5K $213.3K $59.80K
YoY Change 25.48% 256.63% -0.34%
Accrued Expenses $862.4K $782.4K $268.8K
YoY Change 183.91% 191.09% 198.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $10.00K
YoY Change -100.0% -91.67%
Long-Term Debt Due $1.010M $890.0K $200.0K
YoY Change 225.81% 345.0%
Total Short-Term Liabilities $2.102M $1.890M $532.5K
YoY Change 164.66% 254.99% 83.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.102M $1.890M $532.5K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.100M $1.890M $530.0K
YoY Change 165.82% 256.6% 82.76%
SHAREHOLDERS EQUITY
Retained Earnings -$6.830M -$6.556M -$3.907M
YoY Change 36.88% 67.8%
Common Stock $5.573K $5.573K $75.85K
YoY Change 0.0% -92.65%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.093M -$1.887M -$481.9K
YoY Change
Total Liabilities & Shareholders Equity $9.241K $3.460K $50.59K
YoY Change -94.61% -93.16% -15.68%

Cashflow Statement

Concept 2014 Q2 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income -$273.9K -$646.6K -$430.8K
YoY Change -74.7% 50.1% -21.57%
Depreciation, Depletion And Amortization $305.00 $305.00 $2.369K
YoY Change -86.95% -87.13% -0.04%
Cash From Operating Activities -$70.00K -$69.94K -$253.9K
YoY Change -68.18% -72.45% 172.96%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 70.00K $68.03K $270.0K
YoY Change -74.07% -74.8% 125.0%
NET CHANGE
Cash From Operating Activities -70.00K -$69.94K -$253.9K
Cash From Investing Activities 0.000
Cash From Financing Activities 70.00K $68.03K $270.0K
Net Change In Cash 0.000 -$1.912K $16.12K
YoY Change -100.0% -111.86% -40.27%
FREE CASH FLOW
Cash From Operating Activities -$70.00K -$69.94K -$253.9K
Capital Expenditures $0.00
Free Cash Flow -$70.00K
YoY Change -53.33%

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Files In Submission

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