v3.24.1.1.u2

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Sales	$ 771,663	$ 623,123	$ 1,727,397	$ 1,229,289
Cost of Goods Sold	675,011	514,946	1,483,198	1,026,162
Gross Profit	96,652	108,177	244,199	203,127
OPERATING EXPENSES
Selling, general, and administrative expenses	510,599	481,483	965,384	995,773
TOTAL OPERATING EXPENSES	510,599	481,483	965,384	995,773
LOSS FROM OPERATIONS	(413,947)	(373,306)	(721,185)	(792,646)
OTHER INCOME (EXPENSE)
Interest and financing costs	(532,265)	(457,362)	(701,407)	(819,697)
TOTAL OTHER EXPENSE, NET	(532,265)	(457,362)	(701,407)	(819,697)
LOSS BEFORE TAXES	(946,212)	(830,668)	(1,422,592)	(1,612,343)
Provision for Income tax
NET LOSS	(946,212)	(830,668)	(1,422,592)	(1,612,343)
Dividends Attributable to Series B and C Preferred Stock	(43,680)	(39,732)	(68,954)	(76,692)
NET LOSS AVAILABLE TO COMMON STOCKHOLDERS	$ (989,892)	$ (870,400)	$ (1,491,546)	$ (1,689,035)
BASIC NET LOSS PER SHARE AVAILABLE TO COMMON STOCKHOLDERS (in Dollars per share)	$ (0.1)	$ (0.13)	$ (0.15)	$ (0.29)
BASIC WEIGHTED AVERAGE SHARES OUTSTANDING (in Shares)	10,256,280	6,526,895	9,899,489	5,922,850

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Bantec, Inc. 10-Q