10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001213900-18-012036`
Period End Date	20171231
Filing Date	20180904
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	boxs-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 38 Cash Flow Statement 76 Stockholders Equity 20

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$139.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.61M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$16.54K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.57K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.66M	shares	Point-in-time
Inventory, net	`InventoryNet`	$76.21K	USD	Point-in-time
Inventory, net	`InventoryNet`	$81.62K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.66M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.61M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.67K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$39.10K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$193.77K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$217.53K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$710.61K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$594.24K	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$173.60K	USD	Point-in-time
Intangible asset, net	`FiniteLivedIntangibleAssetsNet`	$86.80K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$11.42K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$17.39K	USD	Point-in-time
Goodwill	`Goodwill`	$642.34K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total Assets	`Assets`	$909.99K	USD	Point-in-time
Total Assets	`Assets`	$1.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$433.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$105.58K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.25K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$366.33K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$215.64K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiability`	$1.96M	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiability`	$906.75K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$586.85K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$288.40K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$360.77K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$443.80K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$464.90K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$498.10K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$358.05K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$696.48K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$148.24K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$261.37K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.77M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.87M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$1.08M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.20M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$310.96K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.27M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.32M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 27,614,992 and 24,664,992 shares issued and outstanding, respectively	`CommonStockValue`	$24.66K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 27,614,992 and 24,664,992 shares issued and outstanding, respectively	`CommonStockValue`	$27.61K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.11M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-8.43M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$909.99K	USD	Point-in-time
Total Liabilities and Stockholders' Deficit	`LiabilitiesAndStockholdersEquity`	$1.74M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.43M	USD	Annual
Revenue	`Revenues`	$1.43M	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$713.87K	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$779.81K	USD	Annual
Gross Profit	`GrossProfit`	$647.16K	USD	Annual
Gross Profit	`GrossProfit`	$714.17K	USD	Annual
Selling	`SellingExpense`	$1.45M	USD	Annual
Selling	`SellingExpense`	$1.58M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.28M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.53M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.97M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.87M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.22M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.26M	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-177.28K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-121.86K	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$348.18K	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$102.21K	USD	Annual
Interest expense	`InterestExpense`	$305.66K	USD	Annual
Interest expense	`InterestExpense`	$267.54K	USD	Annual
Goodwill impairment charge	`GoodwillImpairmentLoss`	$642.34K	USD	Annual
Goodwill impairment charge	`GoodwillImpairmentLoss`	-	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$4.53K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$14.56K	USD	Annual
Other loss (income)	`OtherNonoperatingIncomeExpense`	$-93.09K	USD	Annual
Other loss (income)	`OtherNonoperatingIncomeExpense`	$22.41K	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$349.87K	USD	Annual
Total other expenses	`NonoperatingIncomeExpense`	$965.31K	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.61M	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.18M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$-908.00	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.61M	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.88M	shares	Annual
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.41M	shares	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.61M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$165.30K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$98.47K	USD	Annual
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-121.86K	USD	Annual
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-177.28K	USD	Annual
Common shares and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$132.90K	USD	Annual
Common shares and warrants issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$76.14K	USD	Annual
Depreciation	`Depreciation`	$180.78K	USD	Annual
Depreciation	`Depreciation`	$148.83K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$86.80K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$86.80K	USD	Annual
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$100.48K	USD	Annual
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$252.34K	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	$642.34K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-14.56K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.53K	USD	Annual
Settlement of debt interest, fees and penalties with convertible notes	`SettlementOfDebtInterestFeesAndPenaltiesWithConvertibleNotes`	$95.83K	USD	Annual
Settlement of debt interest, fees and penalties with convertible notes	`SettlementOfDebtInterestFeesAndPenaltiesWithConvertibleNotes`	$22.41K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.03K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.74K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$29.23K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.41K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-25.47K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-39.08K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.41K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$713.72K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-189.70K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-168.15K	USD	Annual
NHL & MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	-	USD	Annual
NHL & MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$1.05M	USD	Annual
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$298.45K	USD	Annual
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$245.34K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-525.15K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-773.90K	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.49K	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$112.14K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.49K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-112.14K	USD	Annual
Proceeds from common stock warrant	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from common stock warrant	`ProceedsFromIssuanceOfCommonStock`	$20.00K	USD	Annual
Proceeds from convertible and promissory notes	`ProceedsFromNotesPayable`	$995.50K	USD	Annual
Proceeds from convertible and promissory notes	`ProceedsFromNotesPayable`	$689.84K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$50.00K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$82.72K	USD	Annual
Principal repayments of promissory notes	`RepaymentsOfNotesPayable`	$44.45K	USD	Annual
Deferred financing costs paid	`PaymentOfFinancingAndStockIssuanceCosts`	$104.50K	USD	Annual
Deferred financing costs paid	`PaymentOfFinancingAndStockIssuanceCosts`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$808.28K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$615.39K	USD	Annual
Net Increase/(Decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-77.76K	USD	Annual
Net Increase/(Decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.75K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$139.68K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$139.68K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$67.93K	USD	Annual
Interest paid	`InterestPaidNet`	$97.00K	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	-	USD	Annual
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$135.86K	USD	Annual
Issuance of common shares and warrants as debt financing or extension costs	`IssuanceOfCommonSharesAndWarrantsAsDebtFinancingOrExtensionCosts`	-	USD	Annual
Issuance of common shares and warrants as debt financing or extension costs	`IssuanceOfCommonSharesAndWarrantsAsDebtFinancingOrExtensionCosts`	$22.50K	USD	Annual
Conversion of senior convertible notes and convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	Annual
Conversion of senior convertible notes and convertible notes into common stock	`DebtConversionConvertedInstrumentAmount1`	$97.50K	USD	Annual
Issuance of common shares in settlement of due to officers	`StockIssued1`	$500.00K	USD	Annual
Issuance of common shares in settlement of due to officers	`StockIssued1`	$98.47K	USD	Annual
Issuance of senior convertible note to settle interest, fees and penalties due	`NotesIssued1`	$108.80K	USD	Annual
Issuance of senior convertible note to settle interest, fees and penalties due	`NotesIssued1`	-	USD	Annual
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	-	USD	Annual
Issuance of convertible notes to settle principal, interest, fees and penalties	`NotesIssued2`	$761.60K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$98.47K	USD	Annual
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$165.30K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$70.41K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$76.14K	USD	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	1.07M	shares	Annual
Shares issued for services, shares	`StockIssuedDuringPeriodSharesIssuedForServices`	2.55M	shares	Annual
Shares issued on warrant exercise	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$20.00K	USD	Annual
Shares issued on warrant exercise	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$97.50K	USD	Annual
Shares issued in settlement of due to officers	`StockIssuedDuringPeriodValueSettlementOfDueToOfficers`	$500.00K	USD	Annual
Warrants granted for services	`StockIssuedDuringPeriodValueWarrantsGrantedForServices`	$62.49K	USD	Annual
Beneficial conversion feature related to senior convertible notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$87.04K	USD	Annual
Shares issued as fees for debt extension	`StockIssuedDuringPeriodValueOther`	$22.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.61M	USD	Annual
Ending Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.