2024 Q1 Form 10-Q Financial Statement

#000107997324000236 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2022 Q4
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $526.6K $629.0K $607.5K
YoY Change -37.16% 3.54% -1.69%
% of Gross Profit
Research & Development $6.144K $7.431K $15.15K
YoY Change -74.66% -50.94% -72.15%
% of Gross Profit
Depreciation & Amortization $331.00 $460.00 $394.00
YoY Change -28.2% 16.75% 19.39%
% of Gross Profit
Operating Expenses $533.1K $643.9K $646.1K
YoY Change -39.67% -0.34% -3.96%
Operating Profit -$533.1K -$643.9K -$646.1K
YoY Change -39.67% -0.34% -3.96%
Interest Expense -$4.050K -$74.68K $85.29K
YoY Change -115.68% -187.57% -172.83%
% of Operating Profit
Other Income/Expense, Net -$5.026K -$74.68K -$83.91K
YoY Change -119.46% -11.0% -100.83%
Pretax Income -$538.2K -$718.6K -$730.0K
YoY Change -37.27% -1.56% -107.73%
Income Tax
% Of Pretax Income
Net Earnings -$538.1K -$718.6K -$730.0K
YoY Change -37.27% -1.56% -107.73%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01 -$0.01 -$0.02
Diluted Earnings Per Share -$0.01 -$0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 56.20M shares 48.80M shares 43.63M shares
Diluted Shares Outstanding 54.04M shares 48.75M shares 43.62M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.74K $384.7K $1.101M
YoY Change -96.92% -65.07% -77.74%
Cash & Equivalents $49.74K $384.7K $1.101M
Short-Term Investments
Other Short-Term Assets $127.3K $9.390K $78.49K
YoY Change 6.87% -88.04% 64.48%
Inventory
Prepaid Expenses $121.3K $3.394K $77.49K
Receivables
Other Receivables
Total Short-Term Assets $177.0K $394.1K $1.180M
YoY Change -89.78% -66.6% -76.38%
LONG-TERM ASSETS
Property, Plant & Equipment $9.342M $9.111M $3.836M
YoY Change 61.39% 137.5% 1103.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $9.393M $9.177M $3.956M
YoY Change 59.33% 131.96% 1141.22%
TOTAL ASSETS
Total Short-Term Assets $177.0K $394.1K $1.180M
Total Long-Term Assets $9.393M $9.177M $3.956M
Total Assets $9.570M $9.571M $5.136M
YoY Change 25.47% 86.35% -3.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.719M $2.648M $523.3K
YoY Change 239.47% 406.04% 146.52%
Accrued Expenses $53.98K $76.50K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $261.1K $250.0K
YoY Change
Total Short-Term Liabilities $4.467M $4.200M $1.237M
YoY Change 181.77% 239.39% 24.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.711M $1.740M $5.300M
YoY Change -1.4% -67.17% 4.42%
Other Long-Term Liabilities $0.00 $0.00 $135.4K
YoY Change -100.0% -100.0% 10.46%
Total Long-Term Liabilities $1.711M $1.740M $5.435M
YoY Change -7.77% -67.99% 4.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.467M $4.200M $1.237M
Total Long-Term Liabilities $1.711M $1.740M $5.435M
Total Liabilities $6.178M $5.940M $6.673M
YoY Change 79.55% -10.99% 7.17%
SHAREHOLDERS EQUITY
Retained Earnings -$129.2M -$128.7M -$125.7M
YoY Change 2.12% 2.39%
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 $3.355M $3.593M -$1.574M
YoY Change
Total Liabilities & Shareholders Equity $9.570M $9.571M $5.136M
YoY Change 25.47% 86.35% -3.36%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2022 Q4
OPERATING ACTIVITIES
Net Income -$538.1K -$718.6K -$730.0K
YoY Change -37.27% -1.56% -107.73%
Depreciation, Depletion And Amortization $331.00 $460.00 $394.00
YoY Change -28.2% 16.75% 19.39%
Cash From Operating Activities -$304.5K -$50.65K -$606.0K
YoY Change -45.56% -91.64% 20.48%
INVESTING ACTIVITIES
Capital Expenditures $206.1K $323.8K $416.8K
YoY Change -87.62% -22.31% -592.44%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$206.1K -$323.8K -$416.8K
YoY Change -87.62% -22.31% 392.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 175.6K 623.2K 226.2K
YoY Change -93.58% 175.49% -85.62%
NET CHANGE
Cash From Operating Activities -304.5K -50.65K -606.0K
Cash From Investing Activities -206.1K -323.8K -416.8K
Cash From Financing Activities 175.6K 623.2K 226.2K
Net Change In Cash -335.0K 248.8K -796.5K
YoY Change -165.49% -131.23% -180.79%
FREE CASH FLOW
Cash From Operating Activities -$304.5K -$50.65K -$606.0K
Capital Expenditures $206.1K $323.8K $416.8K
Free Cash Flow -$510.6K -$374.5K -$1.023M
YoY Change -77.04% -63.39% 144.49%

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WarrantsExercisedForCommonShares
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us-gaap Stock Issued During Period Value Issued For Services
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bnet Issuance Of Warrants For Services
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5000 usd
bnet Vesting Of Options For Employees And Services
VestingOfOptionsForEmployeesAndServices
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bnet Vesting Of Warrants For Employees And Services
VestingOfWarrantsForEmployeesAndServices
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bnet Debt Modification
DebtModification
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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bnet Adjustment To Additional Paid In Capital Modification Of Warrants
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150206 usd
bnet Commission On Sale Of Units
CommissionOnSaleOfUnits
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us-gaap Profit Loss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-1649421 usd
us-gaap Depreciation And Amortization
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921 usd
us-gaap Depreciation And Amortization
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724 usd
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OtherNoncashExpense
145717 usd
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OtherNoncashExpense
43292 usd
us-gaap Share Based Compensation
ShareBasedCompensation
129048 usd
us-gaap Share Based Compensation
ShareBasedCompensation
223021 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
81321 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
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127250 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-13391 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
220699 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-5192 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
32308 usd
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
427583 usd
us-gaap Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
170000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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-450648 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
483823 usd
us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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bnet Proceeds From Sale Of Units
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bnet Proceeds From Sale Of Units
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bnet Commission On Sale Of Unit
CommissionOnSaleOfUnit
6000 usd
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250000 usd
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28500 usd
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3160442 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
384735 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1101450 usd
bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
49048 usd
bnet Conversion Of Debt And Liabilities Into Common Units
ConversionOfDebtAndLiabilitiesIntoCommonUnits
50000 usd
bnet Conversion Of Debt And Liabilities Into Notes Payable
ConversionOfDebtAndLiabilitiesIntoNotesPayable
23943 usd
bnet Conversion Of Deferred Compensation To Notes Payable
ConversionOfDeferredCompensationToNotesPayable
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bnet Conversion Of Deferred Compensation To Notes Payable
ConversionOfDeferredCompensationToNotesPayable
60000 usd
bnet Conversion Of Notes Payable Into Shares
ConversionOfNotesPayableIntoShares
91548 usd
bnet Purchase Of Property And Equipment For Accounts Payable
PurchaseOfPropertyAndEquipmentForAccountsPayable
1750170 usd
bnet Purchase Of Property And Equipment For Accounts Payable
PurchaseOfPropertyAndEquipmentForAccountsPayable
135673 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4200000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2600000 usd
CY2023Q4 bnet Initial Tranche
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250000 usd
bnet Techwastage
Techwastage
1500 decimal
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
CY2022Q2 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.25 pure
CY2023Q1 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
533100 usd
CY2023Q2 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
83275 usd
CY2023Q2 bnet Aggregate Payment
AggregatePayment
2615500 usd
CY2023Q3 bnet Purchase Order
PurchaseOrder
50000 usd
bnet Additional Interest Costs Incurred Capitalized
AdditionalInterestCostsIncurredCapitalized
6442812 usd
bnet Interest Costs Capitalized Paid
InterestCostsCapitalizedPaid
6983954 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1750170 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
8177452 usd
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).
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1464000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1649000 usd
CY2023Q4 bnet Working Capital Deficit
WorkingCapitalDeficit
3806000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
8291000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3189000 usd
CY2022 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10235000 usd
CY2022 bnet Gain On Sale Of Domain Amount
GainOnSaleOfDomainAmount
902000 usd
CY2023 bnet Reduction Of Debt
ReductionOfDebt
3516000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4200000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1600000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
2600000 usd
CY2023 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
4038000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
1737000 usd
bnet Payments To Warrant Exercises Commissions
PaymentsToWarrantExercisesCommissions
86000 usd
bnet Payments To Warrant Exercises Commissions
PaymentsToWarrantExercisesCommissions
19000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
443000 usd
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
602000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
250000 usd
CY2023Q4 bnet Deferred Compensation Liability Amount Cancelled
DeferredCompensationLiabilityAmountCancelled
1250000 usd
CY2018 bnet Deferred Compensation Liability Amount Cancelled
DeferredCompensationLiabilityAmountCancelled
2404000 usd
bnet Reduction Of Debt
ReductionOfDebt
3516000 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023Q4 bnet Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
48879433 shares
CY2022Q4 bnet Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
43620051 shares
bnet Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
48748554 shares
bnet Weighted Average Number Of Diluted Share Outstanding
WeightedAverageNumberOfDilutedShareOutstanding
43533789 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_848_eus-gaap--ConcentrationRiskCreditRisk_zUVU9AdDhdck" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_867_zFlYHc1REXEk">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>
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zxWXfYRtx0Qe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><span id="xdx_860_z0JnsqRZ7rx2">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 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>
CY2023Q4 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
49485556 shares
CY2022Q4 bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
44303654 shares
bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
48880237 shares
bnet Shares Issued Beginning Of Period
SharesIssuedBeginningOfPeriod
43758820 shares
CY2023Q4 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
CY2022Q4 bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
CY2023Q4 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
48781247 shares
CY2022Q4 bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
43599345 shares
bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
48175928 shares
bnet Shares Outstanding Beginning Of Period
SharesOutstandingBeginningOfPeriod
43054511 shares
CY2023Q4 bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
98186 shares
CY2022Q4 bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
20706 shares
bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
572626 shares
bnet Weighted Average Shares Issued During Period
WeightedAverageSharesIssuedDuringPeriod
479278 shares
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9123468 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6862916 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
12828 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11907 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
9110640 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6851009 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
238540 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
98104 usd
bnet Non Cash Compensation
NonCashCompensation
135648 usd
bnet Non Cash Compensation
NonCashCompensation
135648 usd
CY2023Q4 us-gaap Depreciation
Depreciation
460 usd
CY2022Q4 us-gaap Depreciation
Depreciation
394 usd
us-gaap Depreciation
Depreciation
921 usd
us-gaap Depreciation
Depreciation
724 usd
CY2023Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
1225226 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
714222 usd
CY2023Q4 bnet Interest Rate On Deferred Compensation
InterestRateOnDeferredCompensation
0.04 pure
bnet Deferred Compensation Consecutive Trading Days
DeferredCompensationConsecutiveTradingDays
P10D
CY2023Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
255000 usd
CY2022Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
80000 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
CY2023Q4 us-gaap Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
0.50
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
26559 usd
us-gaap Costs Incurred Development Costs
CostsIncurredDevelopmentCosts
66104 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023Q4 bnet Initial Tranche
InitialTranche
250000 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
3470000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
3522000 usd
CY2023 bnet Reduction Of Additional Paid In Capital
ReductionOfAdditionalPaidInCapital
14051 usd
bnet Debt Modifications
DebtModifications
16861 usd
bnet Shares Held By Subsidiaries
SharesHeldBySubsidiaries
-704309 shares
bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
38000 shares
bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
38000 shares
bnet Total Proceeds
TotalProceeds
28500 usd
CY2023Q4 bnet Exercise Bonus
ExerciseBonus
0.75 pure
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
24000000 shares
CY2023Q3 bnet Sale Of Warrants
SaleOfWarrants
1003590 shares
CY2023Q3 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
1.25
CY2023Q3 us-gaap Shares Issued
SharesIssued
501795 shares
CY2023Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2023-10-01
bnet Class Of Warrant Or Right Exercised During Period
ClassOfWarrantOrRightExercisedDuringPeriod
38000 shares
bnet Common Stock Shares Issued Upon Exercise Of Warrants
CommonStockSharesIssuedUponExerciseOfWarrants
38000 shares
bnet Warrants Exercised For Common Stock
WarrantsExercisedForCommonStock
28500 usd
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12006600 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.85
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M29D
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
5085659 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
12006600 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.85
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y3M25D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1778547 usd
CY2022Q2 bnet Compensation Increased
CompensationIncreased
25000 usd
CY2021Q2 bnet Exercise Bonus
ExerciseBonus
0.75 pure
CY2021Q2 bnet Warrants Held By Trust Owned Shares
WarrantsHeldByTrustOwnedShares
3000000 shares
CY2023Q4 bnet Warrants And Rights Outstanding Shares
WarrantsAndRightsOutstandingShares
20415408 shares
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
CY2023Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
83275 usd
CY2023Q2 bnet Aggregate Payment
AggregatePayment
2615500 usd
CY2022Q2 bnet Purchase Order
PurchaseOrder
50000 usd
us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
6442812 usd
bnet Interest Costs Capitalized Paid
InterestCostsCapitalizedPaid
6983954 usd
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
1750170 usd
bnet Interests Costs Incurred Capitalized
InterestsCostsIncurredCapitalized
8177452 usd
CY2023Q4 bnet Operating Leases Future Minimum Payment Receivable In Two Years
OperatingLeasesFutureMinimumPaymentReceivableInTwoYears
75000 usd
CY2023Q4 bnet Undiscounted Cash Flow
UndiscountedCashFlow
75000 usd
CY2023Q4 bnet Less Imputed Interest
LessImputedInterest
-3909 usd
CY2023Q4 bnet Capital Lease Contingent Rental Payments Due
CapitalLeaseContingentRentalPaymentsDue
71091 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 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
CY2021Q4 us-gaap Liabilities
Liabilities
10234501 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10009802 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
CY2023Q2 bnet Bank Account Hacked Amount
BankAccountHackedAmount
75000 usd
CY2023Q4 bnet Initial Tranche
InitialTranche
250000 usd
CY2024Q1 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
9108312 usd

Files In Submission

Name View Source Status
0001079973-24-000236-index-headers.html Edgar Link pending
0001079973-24-000236-index.html Edgar Link pending
0001079973-24-000236.txt Edgar Link pending
0001079973-24-000236-xbrl.zip Edgar Link pending
bion_10q.htm Edgar Link pending
bnet-20231231.xsd Edgar Link pending
bnet-20231231_def.xml Edgar Link unprocessable
bnet-20231231_lab.xml Edgar Link unprocessable
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