Bion Environmental Technologies Inc. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Bion Environmental Technologies Inc. filed its Q2 2024 10-Q report on February 14, 2024, detailing financial performance for the period ending December 31, 2023.</b>

AI Summary

BION ENVIRONMENTAL TECHNOLOGIES INC (BNET) filed a Quarterly Report (10-Q) with the SEC on February 14, 2024. Bion Environmental Technologies Inc. filed a 10-Q report for the period ending December 31, 2023. The filing covers the second quarter of fiscal year 2024. The company's fiscal year ends on June 30. The filing was made on February 14, 2024. The company's SIC code is 2870 (Agriculture Chemicals).

Why It Matters

For investors and stakeholders tracking BION ENVIRONMENTAL TECHNOLOGIES INC, this filing contains several important signals. This filing provides investors with the latest financial performance data for Bion Environmental Technologies Inc., crucial for assessing the company's current health and future prospects. Understanding the details within this 10-Q is essential for making informed investment decisions regarding BNET stock.

Risk Assessment

Risk Level: — BION ENVIRONMENTAL TECHNOLOGIES INC shows moderate risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags.

Analyst Insight

Monitor future filings for revenue growth and profitability trends to assess the company's operational progress.

Key Numbers

• 20231231 — Period End Date (CONFORMED PERIOD OF REPORT)
• 20240214 — Filing Date (FILED AS OF DATE)
• 2024 — Fiscal Year (Fiscal Year)
• Q2 — Quarter (Quarter)

Key Players & Entities

• BION ENVIRONMENTAL TECHNOLOGIES INC (company) — FILER
• BNET (company) — tk
• 20231231 (date) — CONFORMED PERIOD OF REPORT
• 20240214 (date) — FILED AS OF DATE
• 2870 (industry_code) — STANDARD INDUSTRIAL CLASSIFICATION
• OLD BETHPAGE (location) — CITY
• 19930328 (date) — DATE OF NAME CHANGE

FAQ

Industry Context

Bion Environmental Technologies Inc. operates within the agriculture chemicals sector, focusing on environmental technologies.

Regulatory Implications

The company is subject to standard SEC reporting requirements for public companies, including the filing of quarterly 10-Q reports.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze revenue and expense trends in subsequent filings.
3. Research the company's specific environmental technologies and market position.

Key Dates

• 2023-12-31: Period End Date — End of the reporting period for the 10-Q filing.
• 2024-02-14: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending December 31, 2023, providing updated financial information since the last reporting period.

Key Financial Figures

• $2.0 million — ccrued expenses' totaling approximately $2.0 million and an increase in deferred compensatio

Filing Documents

• bion_10q.htm (10-Q) — 1168KB
• ex31x1.htm (EX-31.1) — 7KB
• ex31x2.htm (EX-31.2) — 6KB
• ex32x1.htm (EX-32.1) — 4KB
• ex32x2.htm (EX-32.2) — 5KB
• 0001079973-24-000236.txt (&nbsp;) — 5854KB
• bnet-20231231.xsd (EX-101.SCH) — 47KB
• bnet-20231231_cal.xml (EX-101.CAL) — 37KB
• bnet-20231231_def.xml (EX-101.DEF) — 216KB
• bnet-20231231_lab.xml (EX-101.LAB) — 306KB
• bnet-20231231_pre.xml (EX-101.PRE) — 292KB
• bion_10q_htm.xml (XML) — 783KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Financial Statements 1 Balance sheets 1 2 3 4 Notes to unaudited condensed consolidated financial statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 41 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 53 Item 4.

Controls and Procedures

Controls and Procedures 53

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 54 Item 1A.

Risk Factors

Risk Factors 56 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 56 Item 3. Defaults Upon Senior Securities 56 Item 4. Mine Safety Disclosures 56 Item 5. Other Information 56 Item 6. Exhibits 57

Signatures

Signatures 58 FORWARD-LOOKING This Quarterly Report on Form 10-Q contains forward-looking statements, within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Forward-looking "intend," "estimate," "anticipate," "project," "predict," "plan," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. The expectations reflected in forward-looking ii BION ENVIRONMENTAL TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS December 31, June 30, 2023 2023 (unaudited) ASSETS Current assets: Cash $ 384,735 $ 625,964 Prepaid expenses 3,394 16,785 Deposits and other assets 6,000 6,000 Total current assets 394,129 648,749 Operating lease right-of-use asset 66,090 93,875 Property and equipment, net (Note 3) 9,110,640 6,851,009 Total assets $ 9,570,859 $ 7,593,633 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 2,648,005 $ 677,136 Deferred compensation (Note 4) 1,225,226 864,781 Convertible Bridge Note Payable (Note 6) 255,407 — Operating lease liability, current (Note 9) 71,091 75,000 Total current liabilities 4,199,729 1,616,917 Operating lease liability, long term (Note 9) — 29,068 Convertible notes payable - affiliates (Note 6) 1,740,083 1,715,970 Total liabilities 5,939,812 3,361,955 Equity (deficit): Common stock, no par value, 250,000,000 shares authorized, 50,611,962 and 48,044,790 shares issued, respectively; 49,907,653 and 47,340,480 shares outstanding, respectively — — Additional paid-in capital 132,798,923 131,935,418 Subscription receivable - affiliates (Note 8) ( 504,650

View Full Filing

View this 10-Q filing on SEC EDGAR