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BASA
Basanite Inc.

Common Stock

0.03

0.00

0.00%

0.03 / 0.0309 (10000 x 10000)

Real-Time Best Bid & Ask: 07:35am 07/25/2025
Delayed (15 Min) Trade Data: 12:00am 07/24/2025

Basanite Inc.

2660 NW 15th Court

Unit 108

Pompano Beach, FL 33069

Principal Executive Offices:

2660 NW 15 CT

Unit 108

Pompano Beach, FL 33069

Business Description
Basanite, Inc., operating as Basanite Industries, LLC, was created to exploit the paradigm shift underway in the construction industry. As the industry looks away from traditional steel reinforcement products that not only corrode but also incur long-term costs associated with maintenance and repair, Basanite is well positioned with advanced solutions which are more environmentally friendly, completely non-corrosive, more durable and longer lasting. Basanite is addressing this challenge through the manufacture of reinforcing materials made from basalt fiber reinforced polymers (BFRP).
Financial Reporting
Reporting Status
U.S. Reporting: SEC Reporting
Audited Financials
Audited
Latest Report
CIK
0001448705
Fiscal Year End
12/31
Company Officers & Contacts
Ronald J. LoRicco, Sr.
Interim CEO

Ronald J LoRicco, Sr. has served as a member of our board of directors since June, 2017. Mr. LoRicco attended Fairfield University where he received a Bachelor of Arts degree in 1986. Thereafter, he received a Juris Doctor degree from Quinnipiac College School of Law, formerly known as the University of Bridgeport, School of Law, in 1989, when he became affiliated with the firm. Mr. LoRicco practices in the areas of civil litigation, insurance defense, criminal law, estate planning and administration and workers' compensation. He is also admitted to practice in United States District Court for the District of Connecticut. Mr. LoRicco is a member of the American, Connecticut, and New Haven Bar Associations, American Trial Lawyers Association and Connecticut Trial Lawyers Association. Mr. LoRicco presently serves several organizations. He supports the Board of the Jimmy Fund in its fundraising efforts. The Jimmy Fund is a local charitable organization providing assistance to families who have children suffering from cancer. He is also an avid supporter of the Juvenile Diabetes organization and the Yale New Haven Children's Hospital.

Frederick Tingberg
CTO

Jackie C Placeres
Treasurer, Secretary, Interim CFO

Board of Directors
Adam Falkoff
Independent Director

Adam Falkoff, has over 20 years of experience in public policy, international relations, and business development. He has advised CEOs of the Fortune 100, Presidents, Prime Ministers, Cabinet Ministers and Ambassadors. Mr. Falkoff is currently the President of CapitalKeys, a bipartisan global public policy and strategic consulting firm based in Washington D.C. His expertise is to successfully help clientele understand, anticipate, and navigate the complex public policy environment as well as strategies for business development driving client revenues. Earlier in his career he served as professional staff in the United States Senate. Mr. Falkoff was a 2018 recipient of the Ellis Island Medal of Honor for service to the United States of America and named in the Power 100 of Washington, D.C. by Washington Life Magazine. Mr. Falkoff received a B.A. from Duke University and both an M.B.A. and M.I.M. (Master of International Management) from the Thunderbird School of Global Management on an academic scholarship. During his graduate studies, he served as an assistant to former Vice President Dan Quayle. Mr. Falloff also holds a Certificate in International Law from the University of Salzburg, Institute on International Legal Studies. The coursework was instructed by Supreme Court Justice Anthony Kennedy and Supreme Court Justice John Paul Stevens.

Andrew Acquarulo Jr.

Manuel Rodriguez
Independent Director

Paul M. Sallarulo
Independent Director, Compensation Committee Member, Nominating Committee Member

Mr. Sallarulo had an extensive financial career in capital markets and investment banking in senior positions with Wachovia Securities, Prudential, Raymond James, Meridian Capital Markets and CoreStates Capital Markets. Mr. Sallarulo was appointed Commissioner of the North Broward Hospital District by Florida Governor Jeb Bush for two four-year terms and served as Chairman of the Board of Commissioners, and Chairman of the Executive Committee. He oversaw four major hospitals, thirty-eight clinics, six thousand professionals, and a budget in excess of $2 billion. In addition to serving on this Board, he serves as a director and Chairman of Committees on many local Boards.

Frederick Tingberg
Independent Director

Other Company Insiders

None

Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Accounting/Auditing Firm
Hudgens CPA, LLC

1220 Blalock Rd

Suite 300

Houston, TX 77055

Securities Counsel
Morse & Morse, PLLC

1400 Old Country Road

#302

Westbury, NY 11590

Profile Data
SIC - Industry Classification
3990 - Miscellaneous Manufacturing Industries
Incorporation Information
NV, US, 2017

NV, US, 2006

Employees
3 as of 11/07/2023
Shell
No
Products and Services

Manufacturer of composite products made from Basalt fiber, used in concrete reinforcement by the construction industry.

Company Facilities

Manufacturing Facility Our production facility located at 2660 NW 15th CT. in Pompano Beach, FL has a total of 1,500 ft². 1,500 ft² of production.

Company Notes
Formerly=PayMeOn, Inc. until 12-2018
Formerly=MMax Media Inc. until 5-2013
Formerly=Nevada Processing Solutions, Inc. until 4-2010
OTCQB Venture Market Logo
Joined OTCQB 08/2019
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
The Company’s board of directors includes at least two Independent Directors.
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