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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Statements of cash flows
CONDENSED CONSOLIDATED CASH FLOWS
NINE MONTHS ENDED MARCH 31, 2025 AND 2024
| 2025 | 2024 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net (loss) | $(2,057,145) | $(2,002,281) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 695 | 1,251 |
| Accrued interest on loans payable, deferred compensation and other | 270,809 | 149,879 |
| Stock- based compensation | 837,287 | 184,709 |
| Stock-based compensation for services | 34,500 | 106,321 |
| Warrants issued for compensation for services | — | 5,000 |
| Forgiveness of debt | (4,245) | — |
| Increase (decrease) in prepaid expenses | 11,345 | (104,497) |
| Increase in accounts payable and accrued expenses | 50,809 | 285,420 |
| (Increase) in operating lease assets and liabilities | 191 | (7,788) |
| Increase in deferred compensation | 178,546 | 626,834 |
| Net cash used in operating activities | (677,208) | (755,152) |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of property and equipment | — | (689,919) |
| Net cash used in investing activities | — | (689,919) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from sale of units | — | 610,742 |
| Commission on the sale of units and convertible debt | (5,300) | (20,400) |
| Proceeds from notes payable | 635,763 | 250,000 |
| Proceeds from exercise of warrants | — | 28,500 |
| Net cash provided by financing activities | 630,463 | 868,842 |
| Net decrease in cash | (46,745) | (576,229) |
| Cash at beginning of year | 52,212 | 625,964 |
| Cash at end of year | $5,467 | $49,735 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | $— | $— |
| Non-cash investing and financing transactions: | ||
| Conversion of debt and liabilities into common units | $— | $140,951 |
| Conversion of deferred compensation to notes payable | $— | $80,767 |
| Capitalized interest in property and equipment | $— | $45,676 |
| Purchase of property and equipment for accounts payable | $— | $1,756,285 |
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