$BASA
BASANITE, INC.

2021 Form 10-K Financial Statement

#000155335022000337 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 2020
Revenue $193.2K $7.160K
YoY Change 2598.18% 84.06%
Cost Of Revenue $1.971M $4.490K
YoY Change 43788.64% -95.72%
Gross Profit -$1.777M $2.670K
YoY Change -66669.66% -102.64%
Gross Profit Margin -920.03% 37.29%
Selling, General & Admin $8.010M $2.956M
YoY Change 171.0% -24.42%
% of Gross Profit 110695.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $129.7K $117.3K
YoY Change 10.52% 584.6%
% of Gross Profit 4394.76%
Operating Expenses $8.018M $2.956M
YoY Change 171.29% -24.42%
Operating Profit -$9.796M -$2.953M
YoY Change 231.73% -26.39%
Interest Expense -$512.4K -$898.3K
YoY Change -42.95% 694.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$16.48M -$3.536M
YoY Change 366.02% -9.8%
Income Tax
% Of Pretax Income
Net Earnings -$16.48M -$3.536M
YoY Change 366.02% -9.8%
Net Earnings / Revenue -8529.33% -49383.1%
Basic Earnings Per Share
Diluted Earnings Per Share -$69.98K -$16.90K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $109.5K $259.5K
YoY Change -57.8% 100.94%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $393.4K $116.3K
YoY Change 238.29% -32.52%
Inventory $714.7K $446.6K
Prepaid Expenses
Receivables $7.820K $1.910K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.225M $824.3K
YoY Change 48.66% 78.82%
LONG-TERM ASSETS
Property, Plant & Equipment $3.986M $2.024M
YoY Change 96.91% 1.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.986M $2.024M
YoY Change 96.91% 1.2%
TOTAL ASSETS
Total Short-Term Assets $1.225M $824.3K
Total Long-Term Assets $3.986M $2.024M
Total Assets $5.211M $2.848M
YoY Change 82.95% 15.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.176M $249.4K
YoY Change 371.5% 14.34%
Accrued Expenses $897.6K $1.269M
YoY Change -29.27% -12.61%
Deferred Revenue
YoY Change
Short-Term Debt $2.457M $1.163M
YoY Change 111.22% 72.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.530M $2.726M
YoY Change 66.17% 13.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $499.6K $826.4K
YoY Change -39.55% -24.53%
Total Long-Term Liabilities $499.6K $826.4K
YoY Change -39.55% -24.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.530M $2.726M
Total Long-Term Liabilities $499.6K $826.4K
Total Liabilities $5.030M $3.553M
YoY Change 41.58% 1.84%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.8K -$704.1K
YoY Change
Total Liabilities & Shareholders Equity $5.211M $2.848M
YoY Change 82.95% 15.74%

Cashflow Statement

Concept 2021 2020
OPERATING ACTIVITIES
Net Income -$16.48M -$3.536M
YoY Change 366.02% -9.8%
Depreciation, Depletion And Amortization $129.7K $117.3K
YoY Change 10.52% 584.6%
Cash From Operating Activities -$4.507M -$2.800M
YoY Change 61.01% 23.9%
INVESTING ACTIVITIES
Capital Expenditures -$2.346M -$339.6K
YoY Change 590.97% -55.72%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.346M -$339.6K
YoY Change 590.97% -40.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.704M 3.269M
YoY Change 105.05% 15.37%
NET CHANGE
Cash From Operating Activities -4.507M -2.800M
Cash From Investing Activities -2.346M -339.6K
Cash From Financing Activities 6.704M 3.269M
Net Change In Cash -150.0K 130.4K
YoY Change -215.07% 1680.74%
FREE CASH FLOW
Cash From Operating Activities -$4.507M -$2.800M
Capital Expenditures -$2.346M -$339.6K
Free Cash Flow -$2.161M -$2.460M
YoY Change -12.15% 64.8%

Facts In Submission

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Files In Submission

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0001553350-22-000337-index.html Edgar Link pending
0001553350-22-000337.txt Edgar Link pending
0001553350-22-000337-xbrl.zip Edgar Link pending
basa-20211231.xsd Edgar Link pending
basa-20211231_cal.xml Edgar Link unprocessable
basa-20211231_def.xml Edgar Link unprocessable
basa-20211231_lab.xml Edgar Link unprocessable
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basa_10k.htm Edgar Link pending
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