$BNET
BION ENVIRONMENTAL TECHNOLOGIES INC

2016 Form 10-K Financial Statement

#000094883016000132 Filed on September 19, 2016

View on sec.gov

Income Statement

Concept 2016 2015 Q2 2015
Revenue $3.658K $0.00 $3.658K
YoY Change 0.0% -63.42%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.816M $450.0K $2.375M
YoY Change -23.53% 60.71% 4.63%
% of Gross Profit
Research & Development $348.6K $140.0K $520.5K
YoY Change -33.03% 27.27% 300.36%
% of Gross Profit
Depreciation & Amortization $293.6K $150.0K $623.9K
YoY Change -52.95% -40.0% -36.33%
% of Gross Profit
Operating Expenses $4.143M $740.0K $5.270M
YoY Change -21.38% 15.63% 55.9%
Operating Profit -$4.139M -$5.266M
YoY Change -21.39%
Interest Expense $382.7K -$100.0K $375.7K
YoY Change 1.86% -23.08% -193.93%
% of Operating Profit
Other Income/Expense, Net -$382.7K $0.00 -$373.7K
YoY Change 2.4%
Pretax Income -$4.522M -$2.590M -$5.640M
YoY Change -19.82% -5.47% -2.09%
Income Tax
% Of Pretax Income
Net Earnings -$4.518M -$2.590M -$5.630M
YoY Change -19.75% -5.47% -2.29%
Net Earnings / Revenue -123521.95% -153914.46%
Basic Earnings Per Share
Diluted Earnings Per Share -$198.7K -$118.2K -$273.9K
COMMON SHARES
Basic Shares Outstanding 22.75M 20.55M
Diluted Shares Outstanding

Balance Sheet

Concept 2016 2015 Q2 2015
SHORT-TERM ASSETS
Cash & Short-Term Investments $170.2K $340.0K $339.3K
YoY Change -49.84% 78.95% 78.57%
Cash & Equivalents $339.3K
Short-Term Investments
Other Short-Term Assets $16.24K $30.00K $25.61K
YoY Change -36.59% 0.0% -14.63%
Inventory
Prepaid Expenses $18.50K
Receivables $13.13K
Other Receivables $7.108K
Total Short-Term Assets $193.9K $378.0K $378.0K
YoY Change -48.7% 57.51% 57.51%
LONG-TERM ASSETS
Property, Plant & Equipment $4.260K $1.977M $1.977M
YoY Change -99.78% -54.55% -54.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $4.260K $1.977M $1.977M
YoY Change -99.78% -54.55% -54.55%
TOTAL ASSETS
Total Short-Term Assets $193.9K $378.0K $378.0K
Total Long-Term Assets $4.260K $1.977M $1.977M
Total Assets $198.2K $2.355M $2.355M
YoY Change -91.59% -48.69% -48.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $768.3K $1.350M $1.353M
YoY Change -43.22% -5.59% -5.37%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $470.0K $472.2K
YoY Change -100.0% -77.83% -77.73%
Long-Term Debt Due $8.564M $7.750M $7.754M
YoY Change 10.44% 0.0% 0.05%
Total Short-Term Liabilities $10.80M $10.44M $10.44M
YoY Change 3.37% -13.33% -13.11%
LONG-TERM LIABILITIES
Long-Term Debt $3.281M $2.650M $2.655M
YoY Change 23.58%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.281M $2.650M $2.655M
YoY Change 23.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.80M $10.44M $10.44M
Total Long-Term Liabilities $3.281M $2.650M $2.655M
Total Liabilities $14.14M $13.10M $13.16M
YoY Change 7.4% 8.08% 8.78%
SHAREHOLDERS EQUITY
Retained Earnings -$111.7M
YoY Change
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$13.94M -$10.81M -$10.81M
YoY Change
Total Liabilities & Shareholders Equity $198.2K $2.355M $2.355M
YoY Change -91.59% -48.69% -48.69%

Cashflow Statement

Concept 2016 2015 Q2 2015
OPERATING ACTIVITIES
Net Income -$4.518M -$2.590M -$5.630M
YoY Change -19.75% -5.47% -2.29%
Depreciation, Depletion And Amortization $293.6K $150.0K $623.9K
YoY Change -52.95% -40.0% -36.33%
Cash From Operating Activities -$900.0K -$240.0K -$810.0K
YoY Change 11.11% 71.43% -18.18%
INVESTING ACTIVITIES
Capital Expenditures $5.179K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.179K $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $26.25K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 736.1K 70.00K 963.1K
YoY Change -23.57% 133.33% -10.82%
NET CHANGE
Cash From Operating Activities -900.0K -240.0K -810.0K
Cash From Investing Activities -5.179K 0.000
Cash From Financing Activities 736.1K 70.00K 963.1K
Net Change In Cash -169.1K -170.0K 153.1K
YoY Change -210.42% 54.55% 2.09%
FREE CASH FLOW
Cash From Operating Activities -$900.0K -$240.0K -$810.0K
Capital Expenditures $5.179K $0.00
Free Cash Flow -$905.2K -$240.0K -$810.0K
YoY Change 11.75% 71.43% -18.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0000875729
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2016 dei Entity Registrant Name
EntityRegistrantName
BION ENVIRONMENTAL TECHNOLOGIES INC
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2016 dei Trading Symbol
TradingSymbol
bnet
CY2016 bnet Common Stock Value Cancelled
CommonStockValueCancelled
-2727
CY2016 bnet Common Stock Voting Rights Votes Per Share
CommonStockVotingRightsVotesPerShare
1
CY2016Q2 bnet Computers And Office Equipment Gross
ComputersAndOfficeEquipmentGross
173313
CY2015Q2 bnet Computers And Office Equipment Gross
ComputersAndOfficeEquipmentGross
175248
CY2016 bnet Deferred Compensation Consecutive Trading Days
DeferredCompensationConsecutiveTradingDays
P10D
CY2016 bnet Deferred Compensation Conversion Days
DeferredCompensationConversionDays
P5D
CY2016 bnet Deferred Tax Assets Reduction Percentage
DeferredTaxAssetsReductionPercentage
1
CY2016 bnet Defined Contribution Pension And Other Postretirement Plans Minimum Age
DefinedContributionPensionAndOtherPostretirementPlansMinimumAge
P21Y
CY2016 bnet Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
-13000
CY2015 bnet Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
-19000
CY2016 bnet Increase Decrease In Deposits And Other Receivables
IncreaseDecreaseInDepositsAndOtherReceivables
-6108
CY2015 bnet Increase Decrease In Deposits And Other Receivables
IncreaseDecreaseInDepositsAndOtherReceivables
CY2016Q2 bnet Interest Rate On Deferred Compensation
InterestRateOnDeferredCompensation
0.04
CY2016Q2 bnet Loans Payable Current Including Accrued Interest And Late Charges
LoansPayableCurrentIncludingAccruedInterestAndLateCharges
8563662
CY2015Q2 bnet Loans Payable Current Including Accrued Interest And Late Charges
LoansPayableCurrentIncludingAccruedInterestAndLateCharges
8331001
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Type
DocumentType
10-K
CY2015Q4 dei Entity Public Float
EntityPublicFloat
8200000
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
22932660
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 bnet Modification Of Options
ModificationOfOptions
369283
CY2016 bnet Modification Of Options
ModificationOfOptions
42550
CY2015 bnet Modification Of Warrants
ModificationOfWarrants
230636
CY2016 bnet Proceeds From The Sale Ofunits
ProceedsFromTheSaleOfunits
314957
CY2015 bnet Proceeds From The Sale Ofunits
ProceedsFromTheSaleOfunits
893720
CY2015 bnet Sale Of Units Value
SaleOfUnitsValue
900000
CY2016 bnet Sale Of Units Value
SaleOfUnitsValue
314957
CY2016Q2 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
704309
CY2015Q2 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
704309
CY2015 bnet Subscription Agreement Warrants Agreed To Exercise
SubscriptionAgreementWarrantsAgreedToExercise
12500
CY2015 bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
87815
CY2016 bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
437295
CY2016 bnet Weighted Average Exercise Price For Outstanding Warrants
WeightedAverageExercisePriceForOutstandingWarrants
1.24
CY2016 bnet Weighted Average Number Of Shares Issued During Period
WeightedAverageNumberOfSharesIssuedDuringPeriod
759940
CY2015 bnet Weighted Average Number Of Shares Issued During Period
WeightedAverageNumberOfSharesIssuedDuringPeriod
998146
CY2016 bnet Weighted Average Remaining Contractual Life For Outstanding Warrants
WeightedAverageRemainingContractualLifeForOutstandingWarrants
P3Y328D
CY2016 bnet Weighted Average Shares For Fully Vested Stock Bonuses
WeightedAverageSharesForFullyVestedStockBonuses
600000
CY2015 bnet Weighted Average Shares For Fully Vested Stock Bonuses
WeightedAverageSharesForFullyVestedStockBonuses
675000
CY2016Q2 bnet Working Capital
WorkingCapital
-10602000
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-06-30
CY2016Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
768272
CY2015Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
776167
CY2016Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
7500
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
13125
CY2016Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2793194
CY2015Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2506731
CY2016Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
102278364
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
100891127
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
61522
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
24496
CY2016Q2 us-gaap Assets
Assets
198193
CY2015Q2 us-gaap Assets
Assets
2355241
CY2016Q2 us-gaap Assets Current
AssetsCurrent
193934
CY2015Q2 us-gaap Assets Current
AssetsCurrent
378022
CY2016Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
401470
CY2015Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
1385125
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
339286
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
186148
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
170194
CY2016 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-169092
CY2016Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2015Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2016Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19705000
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2016Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2015Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2016Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
7500
CY2015Q2 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
13125
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
153138
CY2016Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
8100000
CY2013Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
100000
CY2016Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
23573057
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
22089650
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19576619
CY2016Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
22868748
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21385341
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18872310
CY2016Q2 us-gaap Common Stock Value
CommonStockValue
0
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
0
CY2016 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Concentrations of credit risk:</div></div></div><div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">The Company's financial instruments that are exposed to concentrations of credit risk consist of cash. The Company's cash is in demand deposit accounts placed with federally insured financial institutions and selected brokerage accounts. Such deposit accounts at times may exceed federally insured limits. The Company has not experienced any losses on such accounts.</div></div></div></div></div>
CY2016Q2 us-gaap Construction Loan
ConstructionLoan
7.75
CY2016Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
3280647
CY2015Q2 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
2654708
CY2016 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
CY2015 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
112379
CY2016Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1436595
CY2015Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
839288
CY2016Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
28799000
CY2015Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27111000
CY2015Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
19083000
CY2016Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
2014000
CY2015Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1390000
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1688000
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1383000
CY2016Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5392000
CY2015Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5255000
CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
28799000
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27111000
CY2016 us-gaap Depreciation
Depreciation
293577
CY2015 us-gaap Depreciation
Depreciation
623934
CY2016 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
CY2015 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
CY2016 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.20
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.27
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1
CY2016Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
9913
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1816341
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2375145
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1684562
CY2015 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
1750000
CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-163738
CY2016 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
853600
CY2015 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
1030784
CY2016 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-3263
CY2016 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1688000
CY2015 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2110000
CY2016 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1537000
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1918000
CY2016 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-138000
CY2015 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-173000
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-7896
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1497
CY2016 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-13125
CY2015 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-30000
CY2016 us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
CY2015 us-gaap Induced Conversion Of Convertible Debt Expense
InducedConversionOfConvertibleDebtExpense
9593
CY2016 us-gaap Interest Expense
InterestExpense
382686
CY2015 us-gaap Interest Expense
InterestExpense
375705
CY2016 us-gaap Interest Paid
InterestPaid
CY2015 us-gaap Interest Paid
InterestPaid
CY2015 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
72118
CY2016Q2 us-gaap Liabilities
Liabilities
14076576
CY2015Q2 us-gaap Liabilities
Liabilities
13098794
CY2016Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
198193
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2355241
CY2016Q2 us-gaap Liabilities Current
LiabilitiesCurrent
10795929
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
10444086
CY2016Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2222670
CY2015Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2923577
CY2016Q2 us-gaap Minority Interest
MinorityInterest
59746
CY2015Q2 us-gaap Minority Interest
MinorityInterest
63380
CY2016 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
736108
CY2015 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
963138
CY2016 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5179
CY2015 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
CY2016 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-900021
CY2015 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-810000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-4518433
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-5630191
CY2016 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-3634
CY2015 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-11397
CY2016 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4518433
CY2015 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5639784
CY2016 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-380686
CY2015 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-373705
CY2016Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
CY2015Q2 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
472230
CY2016 us-gaap Notes Reduction
NotesReduction
60000
CY2015 us-gaap Notes Reduction
NotesReduction
CY2016 us-gaap Operating Expenses
OperatingExpenses
4143039
CY2015 us-gaap Operating Expenses
OperatingExpenses
5269541
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
-4139381
CY2015 us-gaap Operating Income Loss
OperatingIncomeLoss
-5265883
CY2016Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
51824000
CY2016 us-gaap Other Noncash Expense
OtherNoncashExpense
418171
CY2015 us-gaap Other Noncash Expense
OtherNoncashExpense
449549
CY2016Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
1000
CY2015Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
7108
CY2016 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
286093
CY2015 us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
80780
CY2016 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
105000
CY2015 us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
CY2016 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
24496
CY2015 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
61522
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5179
CY2015 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
CY2016Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
15240
CY2015Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18503
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Reclassifications:</div></div></div><div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Certain amounts in the prior year financial statements have been reclassified to conform to the current year presentation including the reclassification of accrued interest related to the Pennvest Loan from accounts payable and accrued expenses into loan payable and accrued interest.</div></div></div></div></div>
CY2016 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
45000
CY2015 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
CY2016 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2015 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26250
CY2016 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
760604
CY2015 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1000940
CY2016 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
387522
CY2015 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
74690
CY2016 us-gaap Profit Loss
ProfitLoss
-4522067
CY2015 us-gaap Profit Loss
ProfitLoss
-5641588
CY2016Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2797453
CY2015Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4483950
CY2016Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4259
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1977219
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
348559
CY2015 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
520462
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-116216493
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-111698060
CY2016 us-gaap Revenues
Revenues
3658
CY2015 us-gaap Revenues
Revenues
3658
CY2016 us-gaap Share Based Compensation
ShareBasedCompensation
370661
CY2015 us-gaap Share Based Compensation
ShareBasedCompensation
1142556
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4175537
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.80
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
288333
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
802500
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
100000
CY2015 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
957500
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.59
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
398250
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
158675
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4258870
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4413870
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4225537
CY2014Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.81
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.88
CY2016Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.79
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.78
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.90
CY2015 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.74
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.92
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
144175
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y219D
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
100000
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
50000
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.76
CY2016Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.76
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y73D
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y36D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y255D
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
97000
CY2015 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
476075
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
150000
CY2016 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.65
CY2015 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
45647
CY2016 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
242034
CY2015 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
186878
CY2016 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
286093
CY2015 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
41028
CY2016 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
228558
CY2015 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
26250
CY2015 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
501609
CY2016 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
99553
CY2016Q2 us-gaap Stockholders Equity
StockholdersEquity
-13938129
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
-10806933
CY2016Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-13878383
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-10743553
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-7456060
CY2016Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2015Q2 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2015 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2016 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; font-weight: bold;">Use of estimates:</div></div></div><div style=" MARGIN-BOTTOM: 0pt; MARGIN-TOP: 0pt"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div><div style=" TEXT-ALIGN: justify; MARGIN: 0pt 0pt 0pt 18pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">In preparing the Company&#x2019;s consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the 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.</div></div></div></div></div>
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22745281
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
20545456
CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
22745281
CY2015 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20545456

Files In Submission

Name View Source Status
0000948830-16-000132-index-headers.html Edgar Link pending
0000948830-16-000132-index.html Edgar Link pending
0000948830-16-000132.txt Edgar Link pending
0000948830-16-000132-xbrl.zip Edgar Link pending
bnet-20160630.xml Edgar Link completed
bnet-20160630.xsd Edgar Link pending
bnet-20160630_cal.xml Edgar Link unprocessable
bnet-20160630_def.xml Edgar Link unprocessable
bnet-20160630_lab.xml Edgar Link unprocessable
bnet-20160630_pre.xml Edgar Link unprocessable
f1bion6301610k.htm Edgar Link pending
f2ex231.htm Edgar Link pending
f3ex311.htm Edgar Link pending
f4ex312.htm Edgar Link pending
f5ex321.htm Edgar Link pending
f6ex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending