BASANITE, INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that BASANITE, INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Revenue
Total revenue from all business activities — the top line of the income statement. Represents all money earned before any expenses are deducted.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2018 | Dec 31, 2018 | $87.8K | Mar 28, 2019 |
| FY2018 | Dec 31, 2017 | $9.7K | Mar 28, 2019 |
Revenue (Net Sales)
Net sales revenue — gross revenue less returns, allowances, and discounts. Used by many manufacturers and retailers as the primary top-line figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $9.7K | Jul 17, 2018 |
| FY2016 | Dec 31, 2016 | $394.2K | Apr 26, 2017 |
| FY2016 | Dec 31, 2015 | $175.2K | Apr 26, 2017 |
| FY2015 | Dec 31, 2014 | $30.4K | Apr 15, 2016 |
| FY2014 | Dec 31, 2013 | $10.0K | Mar 26, 2015 |
Gross Profit
Revenue minus the cost of goods sold (COGS). Gross profit shows how much revenue remains to cover operating expenses, R&D, and administrative costs before calculating operating income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $262.5K | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | $127.8K | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($669.8K) | May 10, 2024 |
| FY2022 | Dec 31, 2021 | ($1.78M) | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $2.7K | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | ($101.1K) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($3.2K) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | $3.8K | Mar 28, 2019 |
| FY2016 | Dec 31, 2016 | $140.0K | Apr 26, 2017 |
| FY2016 | Dec 31, 2015 | $73.8K | Apr 26, 2017 |
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($1.73M) | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | ($2.17M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($7.97M) | May 10, 2024 |
| FY2022 | Dec 31, 2021 | ($16.48M) | May 16, 2023 |
| FY2021 | Dec 31, 2020 | ($4.20M) | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | ($4.31M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($5.91M) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | ($2.94M) | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | ($3.70M) | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | ($730.5K) | Apr 26, 2017 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($805.0K) | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | ($1.60M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($4.26M) | May 10, 2024 |
| FY2022 | Dec 31, 2021 | ($9.80M) | May 16, 2023 |
| FY2021 | Dec 31, 2020 | ($2.99M) | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | ($4.01M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($4.43M) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | ($2.35M) | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | ($1.92M) | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | ($420.7K) | Apr 26, 2017 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $1.07M | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | $1.73M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $3.59M | May 10, 2024 |
| FY2022 | Dec 31, 2021 | $8.02M | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $2.99M | Apr 15, 2022 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($401.0K) | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | ($1.06M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($2.83M) | May 10, 2024 |
| FY2022 | Dec 31, 2021 | ($4.51M) | May 16, 2023 |
| FY2021 | Dec 31, 2020 | ($2.80M) | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | ($2.26M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($1.40M) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | ($2.30M) | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | ($377.5K) | Jul 17, 2018 |
| FY2014 | Dec 31, 2014 | ($265.5K) | Mar 26, 2015 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2023 | Dec 31, 2022 | $178.1K | May 10, 2024 |
| FY2022 | Dec 31, 2021 | $2.35M | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $339.6K | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | $766.9K | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $2.9K | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | $456.9K | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | $2.2K | Jul 17, 2018 |
| FY2012 | Dec 31, 2011 | $5.2K | Apr 1, 2013 |
| FY2011 | Dec 31, 2010 | $25.7K | Apr 5, 2012 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $265.7K | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | $554.7K | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $919.2K | May 10, 2024 |
| FY2022 | Dec 31, 2021 | $5.21M | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $2.85M | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | $2.46M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $510.2K | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | $2.61M | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | $886.9K | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | $524.6K | Apr 26, 2017 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $9.09M | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | $7.67M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $7.33M | May 10, 2024 |
| FY2022 | Dec 31, 2021 | $5.03M | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $3.55M | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | $3.49M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | $2.55M | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | $2.57M | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | $2.90M | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | $1.88M | Apr 26, 2017 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($8.83M) | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | ($7.11M) | Mar 31, 2025 |
| FY2024 | Dec 31, 2022 | ($6.41M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2021 | $181.8K | May 10, 2024 |
| FY2022 | Dec 31, 2020 | ($704.1K) | May 16, 2023 |
| FY2021 | Dec 31, 2019 | ($1.03M) | Apr 15, 2022 |
| FY2019 | Dec 31, 2018 | ($2.26M) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | ($180.4K) | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | ($2.02M) | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | ($1.35M) | Apr 26, 2017 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | ($57.99M) | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | ($56.26M) | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | ($54.09M) | May 10, 2024 |
| FY2022 | Dec 31, 2021 | ($46.12M) | May 16, 2023 |
| FY2021 | Dec 31, 2020 | ($29.64M) | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | ($25.44M) | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | ($21.14M) | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | ($15.23M) | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | ($12.29M) | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | ($8.07M) | Apr 26, 2017 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | $82.2K | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | $55.2K | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | $30.3K | May 10, 2024 |
| FY2022 | Dec 31, 2021 | $109.5K | May 16, 2023 |
| FY2021 | Dec 31, 2020 | $259.5K | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | $129.2K | Mar 31, 2021 |
| FY2020 | Dec 31, 2018 | $121.8K | Mar 31, 2021 |
| FY2019 | Dec 31, 2017 | $188.7K | Apr 6, 2020 |
| FY2018 | Dec 31, 2016 | $88.3K | Mar 28, 2019 |
| FY2017 | Dec 31, 2015 | $50.2K | Jul 17, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 0 | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | 0 | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 0 | May 10, 2024 |
| FY2022 | Dec 31, 2021 | 0 | May 16, 2023 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 0 | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | 0 | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 0 | May 10, 2024 |
| FY2022 | Dec 31, 2021 | 0 | May 16, 2023 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2024 | Dec 31, 2024 | 259.16M | Mar 31, 2025 |
| FY2024 | Dec 31, 2023 | 253.22M | Mar 31, 2025 |
| FY2023 | Dec 31, 2022 | 253.22M | May 10, 2024 |
| FY2022 | Dec 31, 2021 | 248.84M | May 16, 2023 |
| FY2021 | Dec 31, 2020 | 224.84M | Apr 15, 2022 |
| FY2020 | Dec 31, 2019 | 200.74M | Mar 31, 2021 |
| FY2019 | Dec 31, 2018 | 154.20M | Apr 6, 2020 |
| FY2018 | Dec 31, 2017 | 128.31M | Mar 28, 2019 |
| FY2017 | Dec 31, 2016 | 97.68M | Jul 17, 2018 |
| FY2016 | Dec 31, 2015 | 12.86M | Apr 26, 2017 |