BION ENVIRONMENTAL TECHNOLOGIES INC
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
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Item 1. CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | June 30, | |
|---|---|---|
| 2025 | 2024 | |
| (unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash | $5,467 | $52,212 |
| Prepaid expenses | 10,378 | 16,723 |
| Deposits and other assets | 1,000 | 6,000 |
| Total current assets | 16,845 | 74,935 |
| Operating lease right-of-use asset | — | 36,622 |
| Property and equipment, net (Note 3) | — | 695 |
| Total assets | $16,845 | $112,252 |
| LIABILITIES AND EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $2,754,460 | $2,703,651 |
| Deferred compensation (Note 4) | 1,079,973 | 890,223 |
| Convertible notes payable - affiliates (Note 5) | 1,732,782 | 1,708,649 |
| Convertible bridge note payable (Note 5) | 815,973 | 418,659 |
| Note payable (Note 5) | 414,313 | — |
| Operating lease liability, current (Note 8) | — | 36,431 |
| Total current liabilities | 6,797,501 | 5,757,613 |
| Convertible notes payable (Note 5) | — | 125,567 |
| Total liabilities | 6,797,501 | 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, no par value, 250,000,000 shares authorized, 57,386,476 and 57,227,248 shares issued, respectively; 56,682,167 and 56,522,939 shares outstanding, respectively | — | — |
| Additional paid-in capital | 134,671,344 | 133,623,927 |
| Subscription receivable - affiliates (Note 7) | (504,650) | (504,650) |
| Accumulated deficit | (140,984,923) | (138,927,778) |
| Total Bion's stockholders’ equity (deficit) | (6,818,229) | (5,808,501) |
| Noncontrolling interest | 37,573 | 37,573 |
| Total equity (deficit) | (6,780,656) | (5,770,928) |
| Total liabilities and (deficit) | $16,845 | $112,252 |
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