Bion Environmental Technologies Inc. Files Q2 2025 10-Q

TL;DR

BION filed its Q2 2025 10-Q. Financials updated.

AI Summary

Bion Environmental Technologies Inc. filed its Q2 2025 10-Q report for the period ending December 31, 2024. The company, previously known as RSTS Corp, is incorporated in Colorado and operates in the agriculture chemicals sector. Their fiscal year ends on June 30th, and their principal business address is PO Box 323, Old Bethpage, NY 11804.

Why It Matters

This filing provides investors with an update on Bion Environmental Technologies Inc.'s financial performance and operational status for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial information.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period)
• 2024-12-31 — Period End Date (Financial reporting period)

Key Players & Entities

• BION ENVIRONMENTAL TECHNOLOGIES INC (company) — Filer
• RSTS CORP (company) — Former company name
• 2024-12-31 (date) — Reporting period end date
• 2025-02-14 (date) — Filing date
• PO BOX 323, OLD BETHPAGE, NY 11804 (address) — Business and mailing address

FAQ

Key Financial Figures

• $15 million — Further, Bion will be required to raise $15 million (or more) to fund the ARS for the Stova
• $3 — in which Bion crosses the threshold of $3 (three) million in aggregate capital ra
• $15 MILLION — ODULE IS PROJECTED TO COST IN EXCESS OF $15 MILLION (DEBT/EQUITY/GRANTS) TO CONSTRUCT AND W

Filing Documents

• bion_10q.htm (10-Q) — 971KB
• ex31x1.htm (EX-31.1) — 8KB
• ex32x1.htm (EX-32.1) — 3KB
• 0001079973-25-000234.txt ( ) — 4726KB
• bnet-20241231.xsd (EX-101.SCH) — 39KB
• bnet-20241231_cal.xml (EX-101.CAL) — 36KB
• bnet-20241231_def.xml (EX-101.DEF) — 177KB
• bnet-20241231_lab.xml (EX-101.LAB) — 325KB
• bnet-20241231_pre.xml (EX-101.PRE) — 281KB
• bion_10q_htm.xml (XML) — 593KB

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 BION ENVIRONMENTAL TECHNOLOGIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS December 31, June 30, 2024 2024 (unaudited) ASSETS Current assets: Cash $ 31,764 $ 52,212 Prepaid expenses 866 16,723 Deposits and other assets 1,000 6,000 Total current assets 33,630 74,935 Operating lease right-of-use asset 5,384 36,622 Property and equipment, net (Note 3) 205 695 Total assets $ 39,219 $ 112,252 LIABILITIES AND EQUITY (DEFICIT) Current liabilities: Accounts payable and accrued expenses $ 2,734,155 $ 2,703,651 Deferred compensation (Note 4) 1,030,574 890,223 Convertible notes payable - affiliates (Note 5) 1,727,568 1,708,649 Convertible bridge note payable (Note 5) 436,957 418,659 Note payable (Note 5) 406,920 — Operating lease liability, current (Note 8) — 36,431 Total current liabilities 6,336,174 5,757,613 Convertible notes payable (Note 5) 174,429 125,567 Total liabilities 6,510,603 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 — — Common stock,

View Full Filing

View this 10-Q filing on SEC EDGAR