10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-013603`
Period End Date	20180331
Filing Date	20181005
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	boxs-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 30 Cash Flow Statement 62

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.70M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$67.10K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.61M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.61M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.57K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$32.25K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$277.82K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$81.62K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.67K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$525.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$217.53K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$549.85K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$594.24K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$11.42K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$11.42K	USD	Point-in-time
Intangible assets (net)	`FiniteLivedIntangibleAssetsNet`	$86.80K	USD	Point-in-time
Intangible assets (net)	`FiniteLivedIntangibleAssetsNet`	$75.93K	USD	Point-in-time
Total assets	`Assets`	$909.99K	USD	Point-in-time
Total assets	`Assets`	$1.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$576.75K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.72K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$150.67K	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`	$434.67K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$1.96M	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$2.50M	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$586.85K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$634.45K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$418.80K	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`	$426.40K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$649.13K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$358.05K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$148.24K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$148.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.87M	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	$23.93K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	-	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.22M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.20M	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$141.04K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.32M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.32M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 28,697,135 and 27,614,992 shares issued and outstanding, respectively	`CommonStockValue`	$27.61K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 28,697,135 and 27,614,992 shares issued and outstanding, respectively	`CommonStockValue`	$28.70K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.30M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.53M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$909.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.16M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$287.83K	USD	1 Quarter
Revenue	`Revenues`	$330.03K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$152.17K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$168.89K	USD	1 Quarter
Gross Profit	`GrossProfit`	$135.67K	USD	1 Quarter
Gross Profit	`GrossProfit`	$161.13K	USD	1 Quarter
Selling	`SellingExpense`	$388.11K	USD	1 Quarter
Selling	`SellingExpense`	$660.03K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$309.02K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$272.38K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$697.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$932.40K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-535.99K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-796.74K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-11.37K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-29.32K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-23.80K	USD	1 Quarter
Interest expense	`InterestExpense`	$-80.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$-87.04K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.81K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$94.97K	USD	1 Quarter
Total other expenses	`NonoperatingIncomeExpense`	$116.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-913.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-630.96K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.05M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.09M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-913.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-630.96K	USD	1 Quarter
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-11.37K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$15.71K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$40.00K	USD	1 Quarter
Depreciation	`Depreciation`	$41.10K	USD	1 Quarter
Depreciation	`Depreciation`	$44.38K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$29.32K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$23.80K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.81K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.12K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.68K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$19.44K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$196.20K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.23K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.74K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$214.26K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$178.46K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-68.34K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-54.98K	USD	1 Quarter
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	-	USD	1 Quarter
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$542.13K	USD	1 Quarter
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$74.61K	USD	1 Quarter
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$47.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-202.87K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-187.08K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.01K	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	1 Quarter
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$10.83K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.01K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.83K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$20.00K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$25.00K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$23.43K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$220.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$315.00K	USD	1 Quarter
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$30.00K	USD	1 Quarter
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$79.25K	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$17.23K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$284.19K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$230.07K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.28K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.19K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.10K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.10K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$24.00K	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$17.90K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$16.94K	USD	1 Quarter

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