2023 Q2 Form 10-Q Financial Statement

#000107997323000655 Filed on May 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $690.0K $838.0K $397.7K
YoY Change 110.69% -64.31%
% of Gross Profit
Research & Development $10.00K $24.24K $29.41K
YoY Change -17.57% -91.15%
% of Gross Profit
Depreciation & Amortization $0.00 $461.00 $250.00
YoY Change 84.4% 21.36%
% of Gross Profit
Operating Expenses $690.0K $883.7K $427.4K
YoY Change 106.76% -70.46%
Operating Profit -$883.7K -$427.4K
YoY Change 106.76% -70.46%
Interest Expense $50.00K $25.83K -$50.02K
YoY Change -151.64% -136.27%
% of Operating Profit
Other Income/Expense, Net $25.83K $852.5K
YoY Change -96.97% -926.75%
Pretax Income -$680.0K -$857.9K $425.1K
YoY Change -301.83% -127.43%
Income Tax
% Of Pretax Income
Net Earnings -$680.0K -$857.9K $425.6K
YoY Change -301.57% -127.46%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02
Diluted Earnings Per Share -$0.01 -$0.02 $9.891K
COMMON SHARES
Basic Shares Outstanding 47.34M shares 43.63M shares
Diluted Shares Outstanding 45.46M shares 43.03M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $630.0K $1.613M $3.602M
YoY Change -55.22% 115.6%
Cash & Equivalents $626.0K $1.613M $3.602M
Short-Term Investments
Other Short-Term Assets $30.00K $119.1K $51.27K
YoY Change 132.3% 626.2%
Inventory
Prepaid Expenses $16.79K $113.1K
Receivables
Other Receivables
Total Short-Term Assets $648.7K $1.732M $4.556M
YoY Change -80.45% -61.98% 171.54%
LONG-TERM ASSETS
Property, Plant & Equipment $6.851M $5.788M $1.992M
YoY Change 136.6% 190.53% 266252.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.945M $5.895M $1.992M
YoY Change 128.35% 195.9% 266252.94%
TOTAL ASSETS
Total Short-Term Assets $648.7K $1.732M $4.556M
Total Long-Term Assets $6.945M $5.895M $1.992M
Total Assets $7.594M $7.627M $6.548M
YoY Change 19.39% 16.48% 290.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $680.0K $800.9K $1.218M
YoY Change -34.24% 121.87%
Accrued Expenses $80.00K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.617M $1.585M $1.744M
YoY Change -17.31% -9.08% -84.7%
LONG-TERM LIABILITIES
Long-Term Debt $1.720M $1.736M $5.123M
YoY Change -66.12% 7.9%
Other Long-Term Liabilities $30.00K $120.0K $125.7K
YoY Change -4.57%
Total Long-Term Liabilities $1.750M $1.855M $5.249M
YoY Change -64.65% 10.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.617M $1.585M $1.744M
Total Long-Term Liabilities $1.750M $1.855M $5.249M
Total Liabilities $3.362M $3.441M $7.030M
YoY Change -53.66% -51.06% -56.45%
SHAREHOLDERS EQUITY
Retained Earnings -$127.2M -$126.6M
YoY Change 2.57%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.194M $4.149M -$481.8K
YoY Change
Total Liabilities & Shareholders Equity $7.594M $7.627M $6.548M
YoY Change 19.39% 16.48% 290.11%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income -$680.0K -$857.9K $425.6K
YoY Change -301.57% -127.46%
Depreciation, Depletion And Amortization $0.00 $461.00 $250.00
YoY Change 84.4% 21.36%
Cash From Operating Activities -$450.0K -$559.3K -$270.9K
YoY Change 106.5% -23.75%
INVESTING ACTIVITIES
Capital Expenditures $1.160M $1.664M -$1.075M
YoY Change -254.76%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.160M -$1.664M -$1.075M
YoY Change 54.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 610.0K 2.735M 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -450.0K -559.3K -270.9K
Cash From Investing Activities -1.160M -1.664M -1.075M
Cash From Financing Activities 610.0K 2.735M 0.000
Net Change In Cash -1.000M 511.5K -1.346M
YoY Change -138.0% -202.8%
FREE CASH FLOW
Cash From Operating Activities -$450.0K -$559.3K -$270.9K
Capital Expenditures $1.160M $1.664M -$1.075M
Free Cash Flow -$1.610M -$2.223M $804.5K
YoY Change -376.39%

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159433 usd
bnet Modification Of Warrants Interest
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bnet Debt Modification
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us-gaap Profit Loss
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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4186829 usd
us-gaap Net Income Loss
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-2507305 usd
us-gaap Net Income Loss
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bnet Gain On Legal Dissolutions Of Subsidiary
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10234501 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1185 usd
us-gaap Depreciation And Amortization
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832 usd
us-gaap Other Noncash Expense
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us-gaap Other Noncash Expense
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us-gaap Share Based Compensation
ShareBasedCompensation
220510 usd
us-gaap Share Based Compensation
ShareBasedCompensation
17774 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
80000 usd
bnet Modification Of Warrants
ModificationOfWarrants
154932 usd
us-gaap Adjustment Of Warrants Granted For Services
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57094 usd
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-44449 usd
us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
45000 usd
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902490 usd
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223822 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
29712 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
265000 usd
us-gaap Increase Decrease In Deferred Compensation
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224367 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2403644 usd
us-gaap Payments To Acquire Property Plant And Equipment
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1167463 usd
us-gaap Net Cash Provided By Used In Investing Activities
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-2403644 usd
us-gaap Net Cash Provided By Used In Investing Activities
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bnet Proceeds From Sale Of Units
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3266230 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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us-gaap Proceeds From Warrant Exercises
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PaymentsForRepurchaseOfWarrants
18601 usd
bnet Commissions On Sale Of Units
CommissionsOnSaleOfUnits
48000 usd
bnet Redemption Of Preferred Series B Shares And Interest
RedemptionOfPreferredSeriesBSharesAndInterest
-41000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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3337355 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1677061 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1547465 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-614232 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
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1612977 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3602089 usd
bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
149888 usd
bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
17711 usd
bnet Conversion Of Debt And Liabilities Into Notes Payable
ConversionOfDebtAndLiabilitiesIntoNotesPayable
23943 usd
bnet Conversion Of Deferred Compensation To Notes Payable
ConversionOfDeferredCompensationToNotesPayable
90000 usd
bnet Conversion Of Deferred Compensation To Notes Payable
ConversionOfDeferredCompensationToNotesPayable
190000 usd
bnet Capitalized Interest In Property And Equipment
CapitalizedInterestInPropertyAndEquipment
117342 usd
bnet Shares Issued For Warrant Exercise Commissions
SharesIssuedForWarrantExerciseCommissions
50145 usd
bnet Purchase Of Property And Equipment For Accounts Payable
PurchaseOfPropertyAndEquipmentForAccountsPayable
372844 usd
bnet Purchase Of Property And Equipment For Accounts Payable
PurchaseOfPropertyAndEquipmentForAccountsPayable
666375 usd
bnet Cattle Per Head
CattlePerHead
300 decimal
bnet Techwastage
Techwastage
1500 decimal
bnet Percentage Of Sustainable
PercentageOfSustainable
0.295 pure
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”). Now that development of the Company’s Gen3Tech is being deployed, the Company has commenced discussions with KF regarding updating and amending the JV agreement and anticipates executing an amended joint venture agreement during 2023. 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 Gen3Tech, 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
8291000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10235000 usd
CY2022 bnet Gain On Sale Of Domain Amount
GainOnSaleOfDomainAmount
902000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2507305 usd
CY2023Q1 bnet Working Capital
WorkingCapital
147000 usd
CY2023Q1 bnet Reduction Of Debt
ReductionOfDebt
3516000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1737000 usd
CY2021 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5209000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
3385000 usd
us-gaap Payments For Commissions
PaymentsForCommissions
48000 usd
CY2018 bnet Deferred Compensation Liability Amount Cancelled
DeferredCompensationLiabilityAmountCancelled
2404000 usd
CY2023Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q1 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
CY2022Q1 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_846_eus-gaap--ConcentrationRiskCreditRisk_zlNiLHrytcZ9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_86A_zf5RbMvY45d2"><span id="xdx_862_z3RIdWiJl8Ug">Concentrations of credit risk</span>:</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>
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
CY2023Q1 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
43825575 shares
CY2023Q1 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
44529884 shares
CY2022Q1 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
43733850 shares
bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
43758820 shares
bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
41315986 shares
CY2022Q1 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
43029511 shares
bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
43054511 shares
bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
40611677 shares
CY2023Q1 bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
1630842 shares
bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
1110798 shares
bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
990713 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45456417 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43029511 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
44165309 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40904342 shares
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_zgFXVN5MAn32" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_865_zT07NLJmP0U2"><span><span><span id="xdx_869_zxysJx5NwgPf"><span id="xdx_869_zmERQ4oR6bMg">Use of estimates</span>:</span></span></span></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 condensed 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>
CY2023Q1 bnet Computers And Office Equipment
ComputersAndOfficeEquipment
15156 usd
CY2022Q2 bnet Computers And Office Equipment
ComputersAndOfficeEquipment
13598 usd
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
5784494 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2892222 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
5799650 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2905820 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11447 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10262 usd
CY2023Q1 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
5788203 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
2895558 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
149342 usd
bnet Non Cash Compensation
NonCashCompensation
135648 usd
CY2023Q1 us-gaap Depreciation
Depreciation
461 usd
CY2022Q1 us-gaap Depreciation
Depreciation
252 usd
us-gaap Depreciation
Depreciation
1185 usd
us-gaap Depreciation
Depreciation
832 usd
CY2023Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
784255 usd
CY2022Q1 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
525699 usd
CY2023Q1 bnet Interest Rate On Deferred Compensation
InterestRateOnDeferredCompensation
0.04 pure
bnet Deferred Compensation Consecutive Trading Days
DeferredCompensationConsecutiveTradingDays
P10D
CY2023Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
110000 usd
CY2022Q1 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
0 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
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
10234501 usd
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
9868495 usd
CY2023Q1 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.50
CY2023Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
51238 usd
CY2022Q1 us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
0 usd
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
117342 usd
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
0 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
3521000 usd
CY2023Q1 bnet Reduction Of Additional Paid In Capital
ReductionOfAdditionalPaidInCapital
5620 usd
bnet Redemption Of Convertible Preferred Stock
RedemptionOfConvertiblePreferredStock
41000 usd
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
CY2023Q1 us-gaap Payments For Commissions
PaymentsForCommissions
48000 usd
CY2023Q1 bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
84000 shares
CY2023Q1 bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
84000 shares
CY2023Q1 bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
63000 usd
CY2023Q1 bnet Sale Of Unit Price Per Unit
SaleOfUnitPricePerUnit
1.00
CY2023Q1 us-gaap Share Price
SharePrice
0.75
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
346230 shares
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
346230 usd
us-gaap Payments For Commissions
PaymentsForCommissions
48000 usd
bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
158834 shares
bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
158834 shares
bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
119125 usd
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
21900000 shares
bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
158834 shares
bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
158834 shares
bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
119125 usd
CY2022Q2 bnet Sharebased Compensation Granted
SharebasedCompensationGranted
720000 shares
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
305000 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11506600 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.82
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y7D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
10238395 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
220510 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
220510 usd
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4650 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4650 usd
CY2022Q2 bnet Compensation Increased
CompensationIncreased
25000 usd
CY2022Q1 bnet Exercise Bonus
ExerciseBonus
0.75 pure
bnet Warrants Held By Trust Owned
WarrantsHeldByTrustOwned
3000000 usd
CY2023Q1 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
18438339 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
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.25 pure
CY2023Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
533100 usd
CY2023Q1 bnet Aggregate Payment
AggregatePayment
2532225 usd
CY2022Q2 bnet Purchase Order
PurchaseOrder
133275 usd
CY2022Q2 bnet Purchase Order Billed
PurchaseOrderBilled
86275 usd
CY2022Q2 bnet Purchase Order Invoiced
PurchaseOrderInvoiced
50000 usd
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
5164256 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 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
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
12436 usd
us-gaap Extinguishment Of Debt Gain Loss Net Of Tax
ExtinguishmentOfDebtGainLossNetOfTax
10234501 usd
CY2021Q2 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
9868495 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18750 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
56250 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
75000 usd
CY2023Q1 bnet Undiscounted Cash Flow
UndiscountedCashFlow
131250 usd
CY2023Q1 bnet Less Imputed Interest
LessImputedInterest
-11299 usd
CY2023Q1 us-gaap Capital Leases Contingent Rental Payments Due
CapitalLeasesContingentRentalPaymentsDue
119951 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M29D
CY2023Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.10 pure
CY2023Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18750 usd

Files In Submission

Name View Source Status
0001079973-23-000655-index-headers.html Edgar Link pending
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0001079973-23-000655.txt Edgar Link pending
0001079973-23-000655-xbrl.zip Edgar Link pending
bion_10q-q3.htm Edgar Link pending
bnet-20230331.xsd Edgar Link pending
bnet-20230331_def.xml Edgar Link unprocessable
bnet-20230331_cal.xml Edgar Link unprocessable
bnet-20230331_lab.xml Edgar Link unprocessable
bion_10q-q3_htm.xml Edgar Link completed
ex31x1.htm Edgar Link pending
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ex32x2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
bnet-20230331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable