BION ENVIRONMENTAL TECHNOLOGIES INC (BNET) Form 10-Q — May 15, 2026
Bion Environmental Technologies reported a net loss of $1.36 million for the nine months ended March 31, 2026, with zero revenue generated. The company holds only $43,553 in cash against $6.7 million in current liabilities, including significant convertible debt and accounts payable. The filing includes a going-concern warning, stating there is substantial doubt about the company's ability to continue as a going concern. Management asserts it needs to raise between $3 million and $10 million in debt or equity within the next twelve months to fund operations and satisfy creditors.
Key figures
- Revenue
- 0
- Total Debt
- 6663860
- Cash Position
- 43553
- Shares Outstanding
- 57412311
- Lease arrears
- 137500
- Accounts payable
- 2626928
- Funding need max
- 10000000
- Funding need min
- 3000000
- Blg note advanced
- 415735
- Project finance need
- 8000000
- Deferred compensation
- 1254772
- Litigation claim hamstra
- 1494513
- Shareholder notes raised
- 1164800
- Convertible notes payable
- 1807110
- Note payable related party
- 466521
- Convertible bridge note payable
- 482206
Price after filing
Close on the filing date to close N calendar days later (from $0.24). Historical, not a forecast.
AI analysis
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