BASANITE, INC. - 10-Q filing on 2012-05-21

SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS On April 6, 2012 the Company issued 125,000 shares of its common stock to consultants valued at $7,500 ($.06 per share) the fair value of the common stock on the date of issuance. The Company received advances of $35,000 on May 11, 2012 from an existing note holder. The Company is still negotiating the terms.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2012

NOTE 12 – SUBSEQUENT EVENTS

On April 6, 2012 the Company issued 125,000 shares of its common stock to consultants valued at $7,500 ($.06 per share) the fair value of the common stock on the date of issuance.

The Company received advances of $35,000 on May 11, 2012 from an existing note holder. The Company is still negotiating the terms.