2022 Q3 Form 10-K Financial Statement

#000107997322001171 Filed on September 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $866.5K
YoY Change 76.43%
% of Gross Profit
Research & Development $28.44K $200.7K
YoY Change -53.98% -73.19%
% of Gross Profit
Depreciation & Amortization $330.00 $1.161K
YoY Change 32.0% 40.39%
% of Gross Profit
Operating Expenses $895.3K $2.550M
YoY Change 61.84% -9.81%
Operating Profit -$895.3K -$2.550M
YoY Change 61.84% -9.81%
Interest Expense $26.10K $301.7K
YoY Change -123.57% -54.15%
% of Operating Profit
Other Income/Expense, Net -$24.16K -$10.84M
YoY Change -78.17% 1639.72%
Pretax Income -$919.4K
YoY Change 38.49%
Income Tax
% Of Pretax Income
Net Earnings -$919.4K $8.291M
YoY Change 38.6% -340.26%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02 $0.20
Diluted Earnings Per Share -$21.16K $0.20
COMMON SHARES
Basic Shares Outstanding 43.42M shares 41.96M shares
Diluted Shares Outstanding 43.45M shares 41.96M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.898M
YoY Change -52.1%
Cash & Equivalents $1.898M $3.160M
Short-Term Investments
Other Short-Term Assets $135.3K
YoY Change 48.14%
Inventory
Prepaid Expenses $134.3K $157.6K
Receivables
Other Receivables
Total Short-Term Assets $2.033M $3.319M
YoY Change -49.84% -23.55%
LONG-TERM ASSETS
Property, Plant & Equipment $3.249M $2.896M
YoY Change 5091.13% 535123.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.381M $3.041M
YoY Change 5303.47% 562070.98%
TOTAL ASSETS
Total Short-Term Assets $2.033M $3.319M
Total Long-Term Assets $3.381M $3.041M
Total Assets $5.415M $6.360M
YoY Change 31.55% 46.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $549.4K
YoY Change 156.46%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.204M $1.955M
YoY Change -89.24% -82.15%
LONG-TERM LIABILITIES
Long-Term Debt $5.212M
YoY Change 6.53%
Other Long-Term Liabilities $132.1K
YoY Change
Total Long-Term Liabilities $5.344M
YoY Change 9.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.204M $1.955M
Total Long-Term Liabilities $5.344M
Total Liabilities $6.548M $7.255M
YoY Change -59.37% -53.93%
SHAREHOLDERS EQUITY
Retained Earnings -$125.0M -$124.0M
YoY Change -6.27%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.171M -$932.2K
YoY Change
Total Liabilities & Shareholders Equity $5.415M $6.360M
YoY Change 31.55% 46.49%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$919.4K $8.291M
YoY Change 38.6% -340.26%
Depreciation, Depletion And Amortization $330.00 $1.161K
YoY Change 32.0% 40.39%
Cash From Operating Activities -$1.316M -$670.8K
YoY Change 275.97% -51.72%
INVESTING ACTIVITIES
Capital Expenditures $322.7K $2.062M
YoY Change -4408.33%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$322.7K -$2.062M
YoY Change 4208.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $376.1K $1.677M
YoY Change 263.41% -66.76%
NET CHANGE
Cash From Operating Activities -$1.316M -$670.8K
Cash From Investing Activities -$322.7K -$2.062M
Cash From Financing Activities $376.1K $1.677M
Net Change In Cash -$1.262M -$1.056M
YoY Change 397.05% -128.88%
FREE CASH FLOW
Cash From Operating Activities -$1.316M -$670.8K
Capital Expenditures $322.7K $2.062M
Free Cash Flow -$1.639M -$2.733M
YoY Change 378.41% 96.69%

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-16923 usd
CY2022 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
289200 usd
CY2021 us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
396604 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-670785 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1389460 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2062155 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2062155 usd
CY2022 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1736662 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3049490 usd
CY2022 bnet Commissions On Exercise Of Warrants
CommissionsOnExerciseOfWarrants
18601 usd
CY2021 bnet Commissions On Exercise Of Warrants
CommissionsOnExerciseOfWarrants
3537 usd
CY2022 bnet Redemption Of Preferred Series B Shares And Interest
RedemptionOfPreferredSeriesBSharesAndInterest
-41000 usd
CY2021 bnet Proceeds From Sale Of Units
ProceedsFromSaleOfUnits
1860000 usd
CY2021 bnet Commissions On Sale Of Units
CommissionsOnSaleOfUnits
-161000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
300000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1677061 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5044953 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1055879 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3655493 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4216321 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
560828 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3160442 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4216321 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
28 usd
CY2022 bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
17711 usd
CY2021 bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
773811 usd
CY2021 bnet Warrants Issued For Unit Commissions
WarrantsIssuedForUnitCommissions
16100 usd
CY2022 bnet Shares Issued For Warrant Exercise Commissions
SharesIssuedForWarrantExerciseCommissions
50145 usd
CY2021 bnet Shares Issued For Warrant Exercise Commissions
SharesIssuedForWarrantExerciseCommissions
97023 usd
CY2022 bnet Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
666375 usd
CY2022 bnet Noncash Compensation In Property And Equipment
NoncashCompensationInPropertyAndEquipment
135648 usd
CY2022 bnet Capitalized Interest In Property And Equipment
CapitalizedInterestInPropertyAndEquipment
32000 usd
CY2022 bnet Conversion Of Deferred Compensation To Note Payable
ConversionOfDeferredCompensationToNotePayable
190000 usd
CY2022 bnet Cattle Per Head
CattlePerHead
300 decimal
CY2022 bnet Tech Wastage
TechWastage
1500 decimal
CY2022 bnet Percentage Of Sustainable
PercentageOfSustainable
0.295 pure
CY2022 us-gaap Costs And Expenses
CostsAndExpenses
50000000 usd
CY2022 bnet Description Of Kreider2 Poultry Project
DescriptionOfKreider2PoultryProject
Bion has done extensive pre-development work related to a waste treatment/renewable energy production facility to treat the waste from KF’s approximately 6+ million chickens (planned to expand to approximately 9-10 million) (and potentially other poultry operations and/or other waste streams) ('Kreider Renewable Energy Facility' or ‘Kreider 2 Project’). On May 5, 2016, the Company executed a stand-alone joint venture agreement (“JVA”) with Kreider Farms covering all matters related to development and operation of Kreider 2 system to treat the waste streams from Kreider’s poultry facilities in Bion PA2 LLC (“PA2”). During May 2011 the PADEP certified a smaller version of the Kreider 2 Project (utilizing our 2nd generation technology) under the old EPA’s Chesapeake Bay model. The Company anticipates that if and when new designs are finalized utilizing our Gen3 Tech, a larger Kreider 2 Project will be re-certified for a far larger number of credits (management’s current estimates are between 2-4 million (or more) nutrient reduction credits for treatment of the waste stream from Kreider’s poultry pursuant to the amended EPA Chesapeake Bay model and agreements between the EPA and PA).
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3451000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8292000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10235000 usd
CY2022 bnet Gain On Sale Of Domain Amount
GainOnSaleOfDomainAmount
902490 usd
CY2022 bnet Operating Loss
OperatingLoss
2550000 usd
CY2022Q2 bnet Working Capital
WorkingCapital
1364000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-932152 usd
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5209000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1737000 usd
CY2022 us-gaap Payments For Commissions
PaymentsForCommissions
19000 usd
CY2018 bnet Deferred Compensation Liability Amount Cancelled
DeferredCompensationLiabilityAmountCancelled
2404000 usd
CY2021Q2 bnet Computers And Office Equipment Gross
ComputersAndOfficeEquipmentGross
171485 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2892222 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2905820 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2795625 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10262 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2795084 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2895558 usd
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
214235 usd
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
950 usd
CY2021Q4 us-gaap Assets
Assets
0 usd
CY2021Q4 us-gaap Liabilities
Liabilities
10234501 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10009802 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
212263 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
541 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
32000 usd
CY2022 bnet Non Cash Compensation
NonCashCompensation
135648 usd
CY2022 us-gaap Depreciation
Depreciation
1161 usd
CY2021 us-gaap Depreciation
Depreciation
827 usd
CY2022Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
594798 usd
CY2021Q2 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
479208 usd
CY2022Q2 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
0 usd
CY2021Q2 us-gaap Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
0 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_zvyG9Utw9Crk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86E_z6eNYKRI61Rk">Concentrations of credit risk</span>:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2022Q2 bnet Interest Rate On Deferred Compensation
InterestRateOnDeferredCompensation
0.04 pure
CY2022 bnet Deferred Compensation Consecutive Trading Days
DeferredCompensationConsecutiveTradingDays
P10D
CY2021Q3 us-gaap Assets
Assets
297 usd
CY2021Q3 us-gaap Liabilities
Liabilities
10154334 usd
CY2022 bnet Unrecognized Tax Positions Term
UnrecognizedTaxPositionsTerm
P12M
CY2022Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
9939148 usd
CY2022 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
41315986 shares
CY2021 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
31409005 shares
CY2022 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
704309 shares
CY2021 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
704309 shares
CY2022 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
40611677 shares
CY2021 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
30704696 shares
CY2022 bnet Weighted Average Number Of Shares Issued During Period
WeightedAverageNumberOfSharesIssuedDuringPeriod
1350625 shares
CY2021 bnet Weighted Average Number Of Shares Issued During Period
WeightedAverageNumberOfSharesIssuedDuringPeriod
2364136 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41962302 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
33068832 shares
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_zjeDOYKHORPb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zjPMq1xcx096">Use of estimates</span>:</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In preparing the Company’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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p>
CY2021Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
2222670 usd
CY2021Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
401470 usd
CY2022Q2 bnet Computers And Office Equipment Gross
ComputersAndOfficeEquipmentGross
13598 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12436 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10234501 usd
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
9868495 usd
CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.50
CY2022 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
32000 usd
CY2021 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
0 usd
CY2022 bnet Redemption Of Convertible Preferred Stock
RedemptionOfConvertiblePreferredStock
41000 usd
CY2022 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
704309 shares
CY2022 bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
2315550 shares
CY2022 bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
2315550 shares
CY2022 bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
1736662 usd
CY2022 bnet Stock Issued During Period Shares Commission On Sale Of Units And Warrant Exercises
StockIssuedDuringPeriodSharesCommissionOnSaleOfUnitsAndWarrantExercises
66860 shares
CY2022 bnet Payments Of Commissions On Exercise Of Warrants
PaymentsOfCommissionsOnExerciseOfWarrants
18601 usd
CY2021Q2 us-gaap Share Price
SharePrice
0.50
CY2021 bnet Proceeds From Allocated Shares
ProceedsFromAllocatedShares
3720000 shares
CY2022 bnet Allocated To Warrants
AllocatedToWarrants
114148 usd
CY2022 bnet Allocated To Sharea
AllocatedToSharea
1745852 usd
CY2021 bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
4065988 shares
CY2021 bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
4065988 shares
CY2021Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.75
CY2021 bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
3049490 usd
CY2021 bnet Stock Issued During Period Shares Commission On Sale Of Units And Warrant Exercises
StockIssuedDuringPeriodSharesCommissionOnSaleOfUnitsAndWarrantExercises
129364 shares
CY2021 bnet Payments Of Commissions On Exercise Of Warrants
PaymentsOfCommissionsOnExerciseOfWarrants
3537 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
20800000 shares
CY2022 bnet Weighted Average Exercise Price For Outstanding Warrants
WeightedAverageExercisePriceForOutstandingWarrants
0.75
CY2022 bnet Weighted Average Remaining Contractual Life For Outstanding Warrants
WeightedAverageRemainingContractualLifeForOutstandingWarrants
P2Y7M6D
CY2022Q2 bnet Sharebased Compensation Granted
SharebasedCompensationGranted
720000 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9511600 shares
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.74
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y6M
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
960000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.10
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10471600 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.77
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y8M12D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
6064335 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
730000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.00
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P3Y8M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11201600 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.80
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y8M12D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4429263 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
730000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.574
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
730000 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.574
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
419370 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
1017700 usd
CY2021 bnet Effective Income Tax Rate Reconciliation Expiration Of Net Operating Allowance Amount
EffectiveIncomeTaxRateReconciliationExpirationOfNetOperatingAllowanceAmount
802000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3281000 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-75000 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8274000 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.75
CY2022Q2 bnet Compensation Increased
CompensationIncreased
25000 usd
CY2021Q2 bnet Exercise Bonus
ExerciseBonus
0.75 pure
CY2021 bnet Warrants Held By Trust Owned
WarrantsHeldByTrustOwned
3000000 usd
CY2022Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
17778213 usd
CY2022Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
2665500 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.25 pure
CY2022Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
666375 usd
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.25 pure
CY2022Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
666375 usd
CY2022Q1 bnet Sale Of Domain Description
SaleOfDomainDescription
the Company entered into an agreement to sell domain name <biontech.com> and other related assets to BioNTech SE (“BNTX”) for the sum of $950,000 (before expenses related to the transaction) which sale was closed/completed on April 2, 2022 with a one-time gain of $902,490.
CY2021Q4 us-gaap Long Term Construction Loan Current
LongTermConstructionLoanCurrent
10010000 usd
CY2021Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2255802 usd
CY2021Q3 us-gaap Assets
Assets
297 usd
CY2021Q3 us-gaap Liabilities
Liabilities
10154334 usd
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
9939148 usd
CY2021Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
214235 usd
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
950 usd
CY2021Q4 us-gaap Liabilities
Liabilities
10234501 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10009802 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
212263 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12436 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
10234501 usd
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
9868495 usd
CY2022Q2 bnet Cash Paid For Noncancelable Operating Lease Included In Operating Cash Flows
CashPaidForNoncancelableOperatingLeaseIncludedInOperatingCashFlows
60000 usd
CY2022Q2 bnet Right Of Use Assets Obtained In Exchange For Operating Lease Liabilities
RightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilities
180586 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
43750 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
75000 usd
CY2022Q2 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
31250 usd
CY2022Q2 bnet Undiscounted Cash Flow
UndiscountedCashFlow
150000 usd
CY2022Q2 bnet Imputed Interest
ImputedInterest
-21136 usd
CY2022Q2 us-gaap Capital Leases Contingent Rental Payments Due
CapitalLeasesContingentRentalPaymentsDue
128864 usd
CY2022 bnet Weighted Average Remaining Lease Term Description
WeightedAverageRemainingLeaseTermDescription
The weighted average remaining lease term and discounted rate related to the Company’s lease liability as of June 30, 2022 were 3 years and 10%, respectively.
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1741000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-724000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
303000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-126000 usd
CY2021 bnet Effective Income Tax Rate Reconciliation Rtp Excess Business Interest Amount
EffectiveIncomeTaxRateReconciliationRTPExcessBusinessInterestAmount
115000 usd
CY2022 bnet Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
8000 usd
CY2021 bnet Income Tax Reconciliation Permanent Differences
IncomeTaxReconciliationPermanentDifferences
8000 usd
CY2022 bnet Effective Income Tax Rate Reconciliation Expiration Of Net Operating Allowance Amount
EffectiveIncomeTaxRateReconciliationExpirationOfNetOperatingAllowanceAmount
1229000 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8274000 usd
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11784000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5436000 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
5350000 usd
CY2022Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1340000 usd
CY2021Q2 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
1340000 usd
CY2022Q2 bnet Deferred Tax Assets Business Interest
DeferredTaxAssetsBusinessInterest
339000 usd
CY2021Q2 bnet Deferred Tax Assets Business Interest
DeferredTaxAssetsBusinessInterest
264000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
1054000 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
986000 usd
CY2022Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16443000 usd
CY2021Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
19724000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
16443000 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
19724000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
1 pure
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.25 pure
CY2022Q2 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
666375 usd

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