Company: BNBX
Filing Date: 2025-10-30
Form Type: S-1
Source: 0001104659-25-103871
Chunk: 194

Company: BNB PLUS CORP.
Filing Date: 2025-10-30
Form: S-1
Chunk 194
---
, 2024. The adoption of ASU 2020-06 did not have a significant impact on the Company’s condensed consolidated financial statements.

NOTE C — INVENTORIES

Inventories consist of the following:

| ​                
 ​                
 ​                
 ​                | ​ 
 ​ 
 ​ | ​           
 June 30,    
 2025        
 (unaudited) |       ​ | ​ 
 ​ 
 ​ | ​             
 September 30, 
 2024          
 ​             |       ​ 
       ​ |
|:-----------------|:--|:------------|--------:|:--|:--------------|--------:|
| Raw materials    | ​ | $           | 101,537 | ​ | $             |  75,141 |
| Work-in-progress | ​ | ​           | 233,650 | ​ | ​             | 221,250 |
| Finished goods   | ​ |             |   3,536 | ​ |               | 136,334 |
| Total            | ​ | $           | 338,723 | ​ | $             | 432,725 |

F-41

NOTE D — ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities are as follows:

| ​                        
 ​                        
 ​                        
 ​                        | ​ 
 ​ 
 ​ | ​           
 June 30,    
 2025        
 (unaudited) |         ​ | ​ 
 ​ 
 ​ | ​             
 September 30, 
 2024          
 ​             |         ​ 
         ​ |
|:-------------------------|:--|:------------|----------:|:--|:--------------|----------:|
| Accounts payable         | ​ | $           |   614,759 | ​ | $             | 1,138,187 |
| Accrued salaries payable | ​ |             |   902,328 | ​ |               |   480,760 |
| Other accrued expenses   | ​ |             |    47,620 | ​ |               |   118,419 |
| Total                    | ​ | $           | 1,564,707 | ​ | $             | 1,737,366 |

Included in accrued salaries and payable is $ for severance payments to be made for former employees from the June 30, 2025 workforce reduction disclosed in Note A above. This $ was recorded to the following accounts within the condensed consolidated statement of operations for the three and nine-month periods ended June 30