Bion Environmental Technologies, Inc. filed its quarterly report on Form 10-Q for the three months ended September 30, 2026, with the SEC on November 13, 2026, disclosing a net loss of $768,992 and total assets of $82,370.

Key Highlights

  • Net loss: Bion reported a net loss of $768,992 for the three months ended September 30, 2026, compared to a net loss of $581,329 in the same period of the prior year.
  • Revenue: The company reported $0 in revenue for both the three months ended September 30, 2026 and September 30, 2025, according to the filing.
  • Total assets: Total assets were $82,370 as of September 30, 2026, up from $35,576 as of June 30, 2026, driven primarily by cash of $62,131.
  • Total liabilities: Total liabilities stood at $8,025,698 as of September 30, 2026, including convertible notes payable of $4,133,498 and deferred compensation of $1,867,287.
  • Accumulated deficit: The accumulated deficit reached $144,034,874 as of September 30, 2026, compared to $143,265,882 as of June 30, 2026.
  • Shares outstanding: As of November 1, 2026, there were 58,116,620 common shares issued and 57,412,311 common shares outstanding.
  • Total stockholders' deficit: Total equity (deficit) was $(7,943,328) as of September 30, 2026, compared to $(7,192,428) as of June 30, 2026.

Bion Environmental Technologies Reports Q1 FY2027 Financial Results

According to the filing, Bion Environmental Technologies, Inc. (OTCQB:BNET) generated no revenue in the three months ended September 30, 2026, consistent with the same period a year earlier. Total operating expenses increased to $655,193 from $476,547 in the prior-year quarter, with general and administrative expenses, including stock-based compensation, rising to $652,363 from $470,033. Research and development expenses were $2,830, down from $6,514 a year earlier.

The company disclosed interest expense of $113,872 for the quarter, compared to $104,791 in the three months ended September 30, 2025. Combined with the operating loss, this produced a net loss of $768,992, or $(0.01) per basic and diluted common share, based on a weighted-average share count of 57,412,311. The filing noted that the net loss attributable to noncontrolling interest was $0 for the period.

On the balance sheet, cash rose to $62,131 as of September 30, 2026, compared to $3,670 as of June 30, 2026. Accounts payable and accrued expenses fell to $1,014,961 from $2,936,162 at June 30, 2026, while convertible notes payable (current) increased to $4,133,498 from $1,428,306 over the same period. The company also carried a convertible bridge note payable of $500,405 and a note payable to a related party of $492,950. Additional paid-in capital was $134,513,624, reflecting a warrant modification of $18,842 recorded during the quarter. The filing identified the registrant as a smaller reporting company and a non-accelerated filer. The forward-looking statements contained in the report are the company's own and are subject to its cautionary language regarding risks and uncertainties.

What Was Disclosed

Bion Environmental Technologies disclosed its unaudited condensed consolidated financial results for the three months ended September 30, 2026, including a net loss of $768,992, zero revenue, total assets of $82,370, and a total stockholders' deficit of $7,943,328.