Basanite, INC

Basanite, Inc. terminated its independent registered public accounting firm, Hudgens CPA, PLLC, after discovering the firm withdrew from the PCAOB and ceased operations without notification.

Ronald LoRicco, Sr. has resigned as Acting Interim Chief Financial Officer of Basanite, Inc., while continuing his roles as Acting Interim CEO and Chairman of the Board.

Basanite, Inc. announced the retirement of Frederick Tingberg from his roles as Chief Technology Officer and Board Director, effective August 15, 2025.

Basanite, Inc. announced the resignation of four directors, including its Acting Interim Chief Financial Officer, raising significant corporate governance concerns.

Basanite, Inc. announces the reappointment of Ronald LoRicco, Sr. as Acting Interim Chief Executive Officer, effective immediately, following Mike Nelson's departure.

Basanite, Inc. appoints Michael Dennis Nelson as CEO effective March 18, 2025, granting him a salary and stock options contingent on future financing milestones.

Basanite, Inc. reports significant revenue decline, negative gross profit, zero cash, and substantial doubt about its ability to continue as a going concern in its latest 10-Q filing.

Basanite, Inc. reports significant revenue decline, increased losses, and substantial doubt about its ability to continue as a going concern, amidst paused manufacturing and mounting debt.

Basanite Inc.'s Q1 2025 results reveal a decrease in revenue and continued net losses, highlighting the company's struggle with manufacturing constraints and limited working capital.

Basanite Inc.'s Q3 2024 results reveal ongoing financial difficulties, including net losses and a working capital deficiency, while the company focuses on restructuring and securing additional funding.

Basanite Inc.'s Q2 2024 results reveal ongoing financial struggles with reduced revenue and operating losses, alongside efforts to address manufacturing and compliance issues.

Basanite Inc. reports a net loss of $287,958 for the first quarter of 2024, with revenue decreasing to $59,449, highlighting ongoing financial and operational challenges.

Basanite, Inc.'s 10-K filing reveals ongoing operating losses and substantial doubt about its ability to continue as a going concern, despite a slight increase in revenue.

Basanite Inc.'s amended 10-K filing reveals ongoing financial challenges, including material weaknesses in internal controls and substantial doubt about the company's ability to continue as a going concern.

Basanite Inc.'s 10-K filing reveals significant operating losses, limited cash resources, and substantial doubt about the company's ability to continue as a going concern, despite efforts to expand manufacturing and sales.