Basanite, Inc. financial data

Symbol
BASA on OTC
Industry
Miscellaneous Manufacturing Industries
Location
2660 Nw 15 Th Court, Unit 108, Pompano Beach, FL
State of incorporation
Nevada
Fiscal year end
December 31
Former names
PayMeOn, Inc. (to 12/18/2018), MMAX MEDIA, INC. (to 5/15/2013), Nevada Processing Solutions (to 3/2/2010)
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 1.52 % -70.1%
Quick Ratio 2.12 % -85.7%
Debt-to-equity -108 % +21.5%
Return On Assets -327 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 260M shares +1.17%
Common Stock, Shares, Outstanding 260M shares +1.17%
Entity Public Float 3.09M USD -96%
Common Stock, Value, Issued 260K USD +1.17%
Weighted Average Number of Shares Outstanding, Basic 259M shares +2.08%
Weighted Average Number of Shares Outstanding, Diluted 259M shares +2.08%

Income Statement

Label TTM Value / Value Unit Change %
Operating Income (Loss) -1.06M USD +54.7%
Nonoperating Income (Expense) -733K USD -184%
Net Income (Loss) Attributable to Parent -1.79M USD +31.7%
Earnings Per Share, Basic -0.01 USD/shares 0%
Earnings Per Share, Diluted -0.01 USD/shares 0%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 55.2K USD +82.1%
Accounts Receivable, after Allowance for Credit Loss, Current 36K USD -28%
Inventory, Net 0 USD -100%
Other Assets, Current 253K USD -4.8%
Assets, Current 98.2K USD -45.5%
Property, Plant and Equipment, Net 339K USD -27.2%
Operating Lease, Right-of-Use Asset 153K USD -79.5%
Assets 438K USD -41.7%
Accounts Payable, Current 1.79M USD +0.75%
Accrued Liabilities, Current 1.61M USD +117%
Liabilities, Current 8.25M USD +15%
Operating Lease, Liability, Noncurrent 56.9K USD -88.6%
Liabilities 8.25M USD +14.9%
Retained Earnings (Accumulated Deficit) -57M USD -3.25%
Stockholders' Equity Attributable to Parent -7.81M USD -27.4%
Liabilities and Equity 438K USD -41.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -129K USD -52.6%
Net Cash Provided by (Used in) Financing Activities 78K USD -8.47%
Net Cash Provided by (Used in) Investing Activities 0 USD
Common Stock, Shares Authorized 1B shares 0%
Common Stock, Shares, Issued 260M shares
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 62.2K USD +94.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 USD
Deferred Tax Assets, Valuation Allowance 9.74K USD +30.4%
Deferred Tax Assets, Gross 3.43K USD -64.8%
Operating Lease, Liability 586K USD -34.6%
Depreciation 128K USD +30.6%
Payments to Acquire Property, Plant, and Equipment 714K USD +441%
Lessee, Operating Lease, Liability, to be Paid 0 USD
Property, Plant and Equipment, Gross 931K USD -1.3%
Operating Lease, Liability, Current 32.8K USD -65.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.15 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 72.6K USD -61.1%
Deferred Tax Assets, Operating Loss Carryforwards 2.17M USD +28488%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Additional Paid in Capital 48.9M USD +0.23%
Preferred Stock, Shares Outstanding 0 shares
Operating Leases, Future Minimum Payments, Due in Two Years 440K USD 0%
Share-based Payment Arrangement, Expense 64.3K USD -62.1%
Operating Leases, Future Minimum Payments, Due in Three Years 111K USD 0%
Operating Leases, Future Minimum Payments Due 659K USD -39.2%
Interest Expense 733K USD +60.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%