Company research
Bantec, Inc.
CIK 1704795Updated Sep 26, 2026
SecurityBANT · OTC · equity
Name history
Bantek Inc. · through Feb 18, 2020Drone USA Inc. · through Sep 14, 2018
BANT price & chart
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Recent filings
15-12G filing
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities
Items 1.01, 2.03, 3.02, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Unregistered Sales of Equity Securities
Items 1.01, 2.03, 3.02, 9.01
NT 10-K filing
10-Q filing
Show 5 more recent filings
Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 495,926Source | 738,946Source | 1,456,586Source | 741,016Source |
| Property, Plant and Equipment, NetUSD | 1,542Source | 1,461Source | 1,461Source | 8,835Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 44,650Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 35,443Source | 186,386Source | 985,953Source | 164,014Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 138,609Source | 419,951Source | 128,386Source | 349,389Source |
| Inventory, NetUSD | 178,056Source | 92,917Source | 61,837Source | 44,599Source |
| Assets, CurrentUSD | 367,108Source | 703,917Source | 1,205,058Source | 593,405Source |
| Prepaid Expense and Other Assets, CurrentUSD | 15,000Source | 4,663Source | 28,882Source | 35,403Source |
| Operating Lease, Right-of-Use AssetUSD | 127,276Source | 33,568Source | 85,747Source | 138,776Source |
| Other Assets, NoncurrentUSD | — | — | 119,670Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 17,288,398Source | 16,632,039Source | 16,252,664Source | 18,685,989Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 930Source | 440,733Source | 247,052Source | 49,104Source |
| Additional Paid in CapitalUSD | 20,598,156Source | 18,610,920Source | 17,913,710Source | 13,080,692Source |
| Retained Earnings (Accumulated Deficit)USD | -37,855,520Source | -35,630,186Source | -32,956,840Source | -31,074,769Source |
| Stockholders' Equity Attributable to ParentUSD | -17,256,434Source | -16,578,533Source | -14,796,078Source | -17,944,973Source |
| Liabilities and EquityUSD | 495,926Source | 738,946Source | 1,456,586Source | 741,016Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 8,352,264Source | 16,504,500Source | 15,914,650Source | 16,807,686Source |
| Operating Lease, Liability, CurrentUSD | 41,946Source | 34,475Source | 52,178Source | 52,180Source |
| Accounts Payable, CurrentUSD | 2,215,246Source | 2,730,309Source | 2,667,110Source | 2,832,790Source |
| Operating Lease, Liability, NoncurrentUSD | 85,880Source | — | 34,812Source | 86,991Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 3,530,406Source | 5,094,394Source | 4,316,258Source | 3,595,428Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | -2,673,346Source | -1,882,071Source | -4,328,318Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 69,108Source | 250,709Source | 127,277Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -251,870Source | — | — | -442,339Source |
| Increase (Decrease) in InventoriesUSD | 85,140Source | 31,080Source | 17,238Source | -73,959Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -639,392Source | -1,644,132Source | -1,576,648Source | -491,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,542Source | — | -44,650Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,542Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 489,991Source | 844,565Source | 2,443,237Source | 505,182Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -799,567Source | 821,939Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 35,443Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | 37,551Source | 501,690Source | — |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | 182,385Source | 258,557Source | 407,186Source | 435,909Source |
| AmortizationUSD | — | — | — | 11,088Source |
| Share-based Payment Arrangement, ExpenseUSD | — | — | 82,308Source | — |
| Amortization of Debt Issuance CostsUSD | 292,076Source | 135,506Source | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 328Source | 157,446Source | 183,992Source | — |
| Amortization of Intangible AssetsUSD | — | 8,931Source | — | — |
| DepreciationUSD | 1,461Source | 8,931Source | 7,374Source | 11,088Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | 8,710Source | 5,916Source | — |
| Financing Interest ExpenseUSD | 1,406,007Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 531,231Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | 156,447Source | — | — | 992,592Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | 35,719Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -2,225,334Source | -2,673,346Source | -1,882,071Source | -4,328,318Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,371,317Source | -3,257,418Source | — | — |
| Nonoperating Income (Expense)USD | -718,329Source | 866,433Source | -90,679Source | 2,590,838Source |
| Operating ExpensesUSD | 1,886,542Source | 2,224,938Source | 2,842,430Source | 2,841,228Source |
| Other Nonoperating Income (Expense)USD | — | 7,068Source | — | — |
| Payments of Financing CostsUSD | — | 122,766Source | 18,000Source | — |
| Proceeds from Issuance of Common StockUSD | 99,333Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | — | — | 119,670Source | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 2,324,307Source | 2,466,198Source | 2,422,996Source | 4,455,186Source |
| Cost of RevenueUSD | 1,944,770Source | 2,048,173Source | 1,553,516Source | 3,351,438Source |
| Selling, General and Administrative ExpenseUSD | 1,885,081Source | 2,180,288Source | 2,834,856Source | 2,830,140Source |
| Operating Income (Loss)USD | -1,507,005Source | -1,806,913Source | -1,972,750Source | -1,737,480Source |
| Other Nonoperating Income (Expense)USD | — | 7,068Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -2,225,334Source | -2,673,346Source | 1,882,071Source | 4,328,318Source |
| Net Income (Loss) Attributable to ParentUSD | -2,225,334Source | -2,673,346Source | -1,882,071Source | -4,328,318Source |
| Earnings Per Share, BasicUSD per share | -0.36Source | 0Source | 0Source | — |
| Earnings Per Share, DilutedUSD per share | -0.36Source | 0Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 6,602,104Source | 3,424,570,305Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 6,602,104Source | 3,424,570,305Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 8,931Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,461Source | — | — | 11,088Source |
| Financing Interest ExpenseUSD | 1,406,007Source | — | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | 531,231Source | — | — | — |
| Gross ProfitUSD | 379,537Source | 418,025Source | 869,480Source | 1,103,748Source |
| Interest ExpenseUSD | — | — | — | 1,598,246Source |
| Interest Income (Expense), NetUSD | — | 1,220,730Source | 1,440,220Source | 1,598,246Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -2,371,317Source | -3,257,418Source | — | — |
| Net Income (Loss) from Continuing Operations Available to Common Shareholders, BasicUSD | — | 3,257,418Source | — | — |
| Nonoperating Income (Expense)USD | -718,329Source | 866,433Source | -90,679Source | 2,590,838Source |
| Operating ExpensesUSD | 1,886,542Source | 2,224,938Source | 2,842,430Source | 2,841,228Source |
| Other ExpensesUSD | — | — | 90,866Source | — |
| Preferred Stock Dividends and Other AdjustmentsUSD | 145,983Source | 584,072Source | — | — |