BASA
Basanite, Inc.
Price Chart
Latest Quote
$0.01
-0.00 (-17.52%)
Current Price
| Previous Close | $0.01 |
| Open | $0.01 |
| Day High | $0.01 |
| Day Low | $0.01 |
| Volume | 2,590 |
Stock Information
| Shares Outstanding | 267.56M |
| Total Debt | $5.57M |
| Revenue | $293K |
| Net Income | $-2.02M |
| Sector | Basic Materials |
| Industry | Building Materials |
| Market Cap | $3.02M |
| Exchange | PNK |
đ Comprehensive Analysis
Company Data
| Sales | $293K |
| Income | $-2.02M |
| Book/sh | $-0.04 |
| Employees | 2 |
Financial Ratios
| Quick Ratio | 0.00 |
| Current Ratio | 0.00 |
Returns & Margins
| ROA | -504.64% |
| Gross Margin | 13.04% |
| Operating Margin | -18769.40% |
Ownership
| Insider Ownership | 18.45% |
| Institutional Ownership | 0.01% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 10.32 |
| P/B | -0.31 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $0.02 |
| SMA50 | $0.02 |
| SMA200 | $0.03 |
| RSI | 19.28 |
| ATR | 0.0028 |
| Shares Float | 194.06M |
| Volatility | 0.02 |
| Rel Volume | 0.01 |
Performance History
| Week | -37.22% |
| Month | -48.64% |
| Quarter | -61.03% |
| 6 Months | -62.33% |
| YTD | -66.76% |
| Year | -61.03% |
| 3 Years | -67.71% |
| 5 Years | -95.65% |
| 10 Years | -97.74% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-04 | $0.01 | 2,590 |
| 2026-06-03 | $0.01 | 452,200 |
| 2026-06-02 | $0.01 | 37,300 |
| 2026-06-01 | $0.02 | 48,500 |
| 2026-05-29 | $0.02 | 247,100 |
| 2026-05-28 | $0.02 | 28,500 |
| 2026-05-27 | $0.02 | 82,200 |
| 2026-05-26 | $0.02 | 25,400 |
| 2026-05-22 | $0.02 | 2,668,200 |
| 2026-05-21 | $0.03 | 20,000 |
| 2026-05-20 | $0.02 | 129,000 |
| 2026-05-19 | $0.03 | 10,000 |
| 2026-05-18 | $0.03 | 4,100 |
| 2026-05-15 | $0.03 | 15,000 |
| 2026-05-14 | $0.03 | 320,300 |
| 2026-05-13 | $0.02 | 2,400 |
| 2026-05-12 | $0.02 | 21,000 |
| 2026-05-11 | $0.02 | 1,000 |
| 2026-05-08 | $0.02 | 7,900 |
| 2026-05-07 | $0.02 | 130,700 |
| 2026-05-06 | $0.02 | 600 |
| 2026-05-05 | $0.02 | 21,700 |
About Basanite, Inc.
Basanite, Inc., through its subsidiary, Basanite Industries, LLC, manufactures and sells basalt fiber reinforced polymer (BFRP) reinforcing bar products for the construction industry worldwide. It provides BasaFlex, a BFRP reinforcing bar; BasaMix, which are fine denier basalt fibers; and BasaMesh, a line of basalt geogrid mesh rolls to replace welded wire mesh. The company's BFRP products are used for concrete reinforcement and steel reinforcement, as well as a replacement for other FRP rebar and industry established fiber products. It sells its products through third-party distribution partners. The company was formerly known as PayMeOn, Inc. and changed its name to Basanite, Inc. in December 2018. Basanite, Inc. was founded in 2006 and is based in Pompano Beach, Florida.
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $172,191 | $248,313 | $2,025,926 | $1,970,604 |
| Cost Of Revenue | $172,191 | $248,313 | $2,025,926 | $1,970,604 |
| Total Revenue | $434,725 | $376,096 | $1,356,165 | $193,194 |
| Operating Revenue | $434,725 | $376,096 | $1,356,165 | $193,194 |
| Expenses | ||||
| Interest Expense | $924,768 | $566,429 | $512,162 | $512,418 |
| Total Expenses | $1,239,710 | $1,979,046 | $5,611,881 | $9,988,756 |
| Other Income Expense | $357 | - | $-203,921 | $-6,169,843 |
| Other Non Operating Income Expenses | $357 | - | $30 | $39,902 |
| Net Non Operating Interest Income Expense | $-924,768 | $-566,429 | $-512,162 | $-512,418 |
| Interest Expense Non Operating | $924,768 | $566,429 | $512,162 | $512,418 |
| Operating Expense | $1,067,519 | $1,730,733 | $3,585,955 | $8,018,152 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Net Interest Income | $-924,768 | $-566,429 | $-512,162 | $-512,418 |
| Normalized Income | $-1,729,396 | $-2,169,379 | $-4,767,848 | $-10,307,980 |
| Net Income From Continuing And Discontinued Operation | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Total Operating Income As Reported | $-804,985 | $-1,602,950 | $-4,255,716 | $-9,795,562 |
| Net Income Common Stockholders | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Net Income | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Net Income Including Noncontrolling Interests | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Net Income Continuous Operations | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Pretax Income | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Operating Income | $-804,985 | $-1,602,950 | $-4,255,716 | $-9,795,562 |
| Gross Profit | $262,534 | $127,783 | $-669,761 | $-1,777,410 |
| Special Income Charges | - | $0 | $-203,951 | $-6,169,843 |
| Per Share | ||||
| Diluted EPS | $-0.01 | $-0.01 | $-0.03 | $-0.07 |
| Basic EPS | $-0.01 | $-0.01 | $-0.03 | $-0.07 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-627,204 | $-1,378,628 | $-3,821,813 | $-9,410,818 |
| Reconciled Depreciation | $177,424 | $224,322 | $433,873 | $384,744 |
| EBITDA (Bullshit earnings) | $-627,204 | $-1,378,628 | $-4,025,764 | $-15,580,661 |
| EBIT | $-804,628 | $-1,602,950 | $-4,459,637 | $-15,965,405 |
| Diluted Average Shares | $260,156,796 | $256,834,618 | $251,488,656 | $235,473,411 |
| Basic Average Shares | $260,156,796 | $256,834,618 | $251,488,656 | $235,473,411 |
| Diluted NI Availto Com Stockholders | $-1,729,396 | $-2,169,379 | $-4,971,799 | $-16,477,823 |
| Selling General And Administration | $1,067,519 | $1,730,733 | $3,585,955 | $8,018,152 |
| Total Unusual Items | - | $0 | $-203,951 | $-6,169,843 |
| Total Unusual Items Excluding Goodwill | - | $0 | $-203,951 | $-6,169,843 |
| Gain On Sale Of Business | - | $0 | $-426,759 | $0 |
| Other Special Charges | - | - | $-222,808 | $6,169,843 |
| Gain On Sale Of Ppe | - | - | - | $0 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Total Assets | $265,709 | $554,656 | $919,178 | $5,211,286 |
| Total Non Current Assets | $132,728 | $459,186 | $683,508 | $3,985,941 |
| Other Non Current Assets | $762 | - | $1 | - |
| Current Assets | $132,981 | $95,470 | $235,670 | $1,225,345 |
| Receivables | $50,759 | $40,222 | $67,960 | $7,817 |
| Accounts Receivable | $50,759 | $40,222 | $67,960 | $7,817 |
| Cash Cash Equivalents And Short Term Investments | $82,222 | $55,248 | $30,340 | $109,514 |
| Cash And Cash Equivalents | $82,222 | $55,248 | $30,340 | $109,514 |
| Cash Financial | $82,222 | $55,248 | $30,340 | $109,514 |
| Prepaid Assets | - | $0 | $137,370 | $127,806 |
| Inventory | - | $0 | $0 | $714,655 |
| Other Current Assets | - | - | $177,874 | $265,553 |
| Debt | ||||
| Net Debt | $4,510,135 | $4,109,109 | $3,023,260 | $2,346,993 |
| Total Debt | $4,592,357 | $4,221,272 | $3,203,701 | $3,281,392 |
| Current Debt And Capital Lease Obligation | $4,592,357 | $4,221,272 | $3,146,786 | $2,781,846 |
| Current Debt | $4,592,357 | $4,164,357 | $3,053,600 | $2,456,507 |
| Other Current Borrowings | $2,144,357 | $2,144,357 | $2,144,357 | $1,689,745 |
| Long Term Debt And Capital Lease Obligation | - | $0 | $56,915 | $499,546 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $9,091,656 | $7,666,207 | $7,325,616 | $5,029,528 |
| Total Non Current Liabilities Net Minority Interest | $0 | $0 | $56,915 | $499,546 |
| Current Liabilities | $9,091,656 | $7,666,207 | $7,268,701 | $4,529,982 |
| Current Notes Payable | $2,448,000 | $2,020,000 | $909,243 | $766,762 |
| Payables And Accrued Expenses | $4,499,299 | $3,502,499 | $2,821,915 | $1,748,136 |
| Interest Payable | $1,924,705 | $998,826 | $340,521 | $312,409 |
| Payables | $2,208,422 | $2,237,390 | $2,218,045 | $1,175,859 |
| Accounts Payable | $1,733,422 | $1,762,390 | $1,713,045 | $1,175,682 |
| Other Current Liabilities | - | $-57,564 | $1,300,000 | - |
| Other Payable | - | - | $177 | $177 |
| Equity | ||||
| Common Stock Equity | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Total Equity Gross Minority Interest | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Stockholders Equity | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Retained Earnings | $-57,991,785 | $-56,262,389 | $-54,093,010 | $-46,121,210 |
| Other | ||||
| Ordinary Shares Number | $260,156,796 | $259,156,796 | $251,884,069 | $248,840,144 |
| Share Issued | $260,156,796 | $259,156,796 | $251,884,069 | $248,840,144 |
| Tangible Book Value | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Invested Capital | $-4,233,590 | $-2,947,194 | $-3,352,838 | $2,638,265 |
| Working Capital | $-8,958,675 | $-7,570,737 | $-7,033,031 | $-3,304,637 |
| Capital Lease Obligations | $0 | $56,915 | $150,101 | $824,885 |
| Total Capitalization | $-8,825,947 | $-7,111,551 | $-6,406,438 | $181,758 |
| Additional Paid In Capital | $48,905,681 | $48,891,681 | $47,433,354 | $46,054,126 |
| Capital Stock | $260,157 | $259,157 | $253,218 | $248,842 |
| Common Stock | $260,157 | $259,157 | $253,218 | $248,842 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Current Capital Lease Obligation | $0 | $56,915 | $93,186 | $325,339 |
| Current Accrued Expenses | $2,290,877 | $1,265,109 | $603,870 | $572,277 |
| Dueto Related Parties Current | $475,000 | $475,000 | $505,000 | $0 |
| Net PPE | $131,966 | $459,186 | $683,507 | $3,985,941 |
| Accumulated Depreciation | $-652,939 | $-529,167 | $-401,201 | $-270,566 |
| Gross PPE | $784,905 | $988,353 | $1,084,708 | $4,256,507 |
| Machinery Furniture Equipment | $784,905 | $931,438 | $931,438 | $922,383 |
| Long Term Capital Lease Obligation | - | $0 | $56,915 | $499,546 |
| Other Properties | - | $56,915 | $153,270 | $749,116 |
| Finished Goods | - | $0 | $0 | $328,229 |
| Work In Process | - | $0 | $0 | $35,213 |
| Raw Materials | - | $0 | $0 | $351,213 |
| Leases | - | - | $166,252 | $166,252 |
| Construction In Progress | - | - | $2,411,486 | $2,411,486 |
| Land And Improvements | - | - | $7,270 | $7,270 |
| Properties | - | - | $0 | $0 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-401,026 | $-1,055,849 | $-3,008,765 | $-6,853,901 |
| Operating Activities | ||||
| Operating Cash Flow | $-401,026 | $-1,055,849 | $-2,830,650 | $-4,507,418 |
| Cash Flow From Continuing Operating Activities | $-401,026 | $-1,055,849 | $-2,830,649 | $-4,507,418 |
| Operating Gains Losses | - | - | $-170,096 | $6,618,872 |
| Investing Activities | ||||
| Investing Cash Flow | $0 | $0 | $271,885 | $-2,346,483 |
| Cash Flow From Continuing Investing Activities | - | $0 | $271,885 | $-2,346,483 |
| Capital Expenditure | - | - | $-178,115 | $-2,346,483 |
| Financing Activities | ||||
| Financing Cash Flow | $428,000 | $1,080,757 | $2,479,591 | $6,703,910 |
| Cash Flow From Continuing Financing Activities | $428,000 | $1,080,757 | $2,479,591 | $6,703,910 |
| Issuance Of Capital Stock | - | $0 | $649,591 | $5,178,163 |
| Net Common Stock Issuance | - | $0 | $649,591 | $5,178,163 |
| Common Stock Issuance | - | $0 | $649,591 | $5,178,163 |
| Net Other Financing Charges | - | - | $1,300,000 | - |
| Other | ||||
| Repayment Of Debt | $0 | $-64,243 | $0 | $-595,500 |
| Issuance Of Debt | $428,000 | $1,145,000 | $305,000 | $2,121,247 |
| Interest Paid Supplemental Data | $0 | $0 | $45,031 | $26,663 |
| Income Tax Paid Supplemental Data | $0 | $0 | - | - |
| End Cash Position | $42,618 | $55,248 | $30,340 | $109,514 |
| Beginning Cash Position | $55,248 | $30,340 | $109,514 | $259,505 |
| Changes In Cash | $-12,630 | $24,908 | $-79,174 | $-149,991 |
| Net Issuance Payments Of Debt | $428,000 | $1,080,757 | $305,000 | $1,525,747 |
| Net Short Term Debt Issuance | $428,000 | $1,080,757 | $305,000 | $1,525,747 |
| Short Term Debt Payments | $0 | $-64,243 | $0 | $-595,500 |
| Short Term Debt Issuance | $428,000 | $1,145,000 | $305,000 | $2,121,247 |
| Change In Working Capital | $986,912 | $724,942 | $1,366,953 | $372,706 |
| Change In Other Current Liabilities | $-56,915 | $-93,186 | $-359,429 | $-308,792 |
| Change In Payables And Accrued Expense | $1,054,364 | $653,020 | $1,535,968 | $1,137,108 |
| Change In Payable | $1,054,364 | $653,020 | $1,535,968 | $1,137,108 |
| Change In Account Payable | $1,054,364 | $653,020 | $1,030,968 | $1,137,108 |
| Change In Prepaid Assets | $0 | $137,370 | $-9,564 | $-181,620 |
| Change In Inventory | $0 | $0 | $714,655 | $-268,080 |
| Change In Receivables | $-10,537 | $27,738 | $-514,677 | $-5,910 |
| Changes In Account Receivables | $-10,537 | $27,738 | $-514,677 | $-5,910 |
| Stock Based Compensation | $15,000 | $164,266 | $509,013 | $1,135,139 |
| Asset Impairment Charge | $149,034 | $0 | $3,054,119 | $0 |
| Depreciation Amortization Depletion | $177,424 | $224,322 | $433,873 | $384,744 |
| Depreciation And Amortization | $177,424 | $224,322 | $433,873 | $384,744 |
| Depreciation | $177,424 | $224,322 | $433,873 | $384,744 |
| Net Income From Continuing Operations | $-1,729,396 | $-2,169,379 | $-7,971,799 | $-16,477,823 |
| Proceeds From Stock Option Exercised | - | $0 | $225,000 | $0 |
| Net PPE Purchase And Sale | - | $0 | $271,885 | $-2,346,483 |
| Sale Of PPE | - | $0 | $450,000 | $0 |
| Purchase Of PPE | - | $0 | $-178,115 | $-2,346,483 |
| Other Non Cash Items | - | - | $-52,713 | $3,458,944 |
| Net Long Term Debt Issuance | - | - | - | $1,525,747 |
| Long Term Debt Payments | - | - | - | $-595,500 |
| Long Term Debt Issuance | - | - | - | $2,121,247 |
Fetched: 2026-02-02