Bion Environmental Technologies Files Q1 2025 10-Q

TL;DR

BION 10-Q filed: Q1 FY25 results are in, check financials.

AI Summary

Bion Environmental Technologies Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the first quarter of fiscal year 2025. Specific financial figures and operational highlights are presented within the report.

Why It Matters

This filing provides investors with a quarterly update on Bion Environmental Technologies' financial health and operational progress, crucial for assessing the company's performance and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that requires careful analysis to understand the company's financial health and potential risks.

Key Numbers

• Q1 2025 — Fiscal Quarter (Reporting period for the 10-Q filing.)
• 2024-09-30 — Period End Date (The end date for the financial reporting period.)
• 2024-11-14 — Filing Date (The date the report was officially submitted to the SEC.)

Key Players & Entities

• BION ENVIRONMENTAL TECHNOLOGIES INC (company) — Filer
• 2024-09-30 (date) — Reporting Period End Date
• 2024-11-14 (date) — Filing Date
• 0000875729 (company) — Central Index Key

FAQ

Key Financial Figures

• $60 million — gic partners, will be required to raise $60 million (or more) to fund the Stovall JV beef p
• $3 — in which Bion crosses the threshold of $3 (three) million in aggregate capital ra
• $60 MILLION — ODULE IS PROJECTED TO COST IN EXCESS OF $60 MILLION (DEBT/EQUITY/GRANTS) TO CONSTRUCT AND W

Filing Documents

• bion_10q-093024.htm (10-Q) — 710KB
• bion_ex31x1.htm (EX-31.1) — 8KB
• bion_ex32x1.htm (EX-32.1) — 5KB
• 0001079973-24-001553.txt ( ) — 4285KB
• bnet-20240930.xsd (EX-101.SCH) — 38KB
• bnet-20240930_cal.xml (EX-101.CAL) — 36KB
• bnet-20240930_def.xml (EX-101.DEF) — 175KB
• bnet-20240930_lab.xml (EX-101.LAB) — 303KB
• bnet-20240930_pre.xml (EX-101.PRE) — 269KB
• bion_10q-093024_htm.xml (XML) — 513KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Page Item 1. Condensed Consolidated Financial Statements 2 Balance sheets 2 3 4 5 Notes to unaudited condensed consolidated financial statements 6 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 21 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 31 Item 4.

Controls and Procedures

Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 32 Item 6. Exhibits 33

Signatures

Signatures 34 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 1 BION ENVIRONMENTAL TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS September 30, June 30, 2024 2024 (unaudited) ASSETS Current assets: Cash $ 35,970 $ 52,212 Prepaid expenses 61,347 16,723 Deposits and other assets 6,000 6,000 Total current assets 103,317 74,935 Operating lease right-of-use asset 21,230 36,622 Property and equipment, net (Note 3) 410 695 Total assets $ 124,957 $ 112,252 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 2,770,472 $ 2,703,651 Deferred compensation (Note 4) 957,311 890,223 Convertible notes payable - affiliates (Note 5) 1,718,108 1,708,649 Convertible bridge note payable (Note 5) 427,808 418,659 Note payable (Note 5) 202,389 — Operating lease liability, current (Note 8) 18,442 36,431 Total current liabilities 6,094,530 5,757,613 Convertible notes payable (Note 5) 127,458 125,567 Total liabilities 6,221,988 5,883,180 Equity (deficit): Bion's stockholders' equity (deficit): Series A Preferred stock, $ 0.01 par value, 50,000 shares authorized, no shares issued and outstanding — — Series C Convertible Preferred stock, $ 0.01 par value, 60,000 shares authorized; no shares issued and outstanding — —

View Full Filing

View this 10-Q filing on SEC EDGAR