10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-013634`
Period End Date	20180630
Filing Date	20181005
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	boxs-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 68 Cash Flow Statement 74

Balance Sheet 71 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`	$61.91K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	31.63M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$42.94K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	27.61M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$181.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	31.63M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.61M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$123.62K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$318.34K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$81.62K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.90K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$217.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$652.49K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$761.52K	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`	$12.26K	USD	Point-in-time
Intangible assets (net)	`FiniteLivedIntangibleAssetsNet`	$66.29K	USD	Point-in-time
Intangible assets (net)	`FiniteLivedIntangibleAssetsNet`	$86.80K	USD	Point-in-time
Total assets	`Assets`	$909.99K	USD	Point-in-time
Total assets	`Assets`	$1.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$458.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.25K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$179.61K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$366.33K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$519.82K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$50.00K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$1.96M	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$750.15K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$586.85K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$443.80K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorNotesCurrent`	$418.80K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$522.78K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$464.90K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$358.05K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$678.87K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$148.24K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$214.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	$24.11K	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	-	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.20M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.30M	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$145.77K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$149.56K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.32M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 31,626,659 and 27,614,992 shares issued and outstanding, respectively	`CommonStockValue`	$31.63K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 31,626,659 and 27,614,992 shares issued and outstanding, respectively	`CommonStockValue`	$27.61K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.30M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.61M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.57M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-4.92M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$909.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.49M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$771.18K	USD	2 Qtrs
Revenue	`Revenues`	$441.16K	USD	1 Quarter
Revenue	`Revenues`	$457.96K	USD	1 Quarter
Revenue	`Revenues`	$745.79K	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$221.47K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$245.97K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$390.36K	USD	2 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$398.14K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$347.65K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$211.98K	USD	1 Quarter
Gross Profit	`GrossProfit`	$219.69K	USD	1 Quarter
Gross Profit	`GrossProfit`	$380.83K	USD	2 Qtrs
Selling	`SellingExpense`	$1.15M	USD	2 Qtrs
Selling	`SellingExpense`	$786.87K	USD	2 Qtrs
Selling	`SellingExpense`	$490.40K	USD	1 Quarter
Selling	`SellingExpense`	$398.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$603.64K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$393.75K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$702.77K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$331.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$821.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$792.51K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.49M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.75M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-609.69K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.11M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-572.82K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.41M	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-25.36K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-13.99K	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`	-	USD	2 Qtrs
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	$-2.67M	USD	1 Quarter
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	$-2.67M	USD	2 Qtrs
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$-23.98K	USD	1 Quarter
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$-23.98K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-47.42K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-18.54K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-47.86K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-23.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$-104.41K	USD	1 Quarter
Interest expense	`InterestExpense`	$-165.36K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-191.45K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-84.62K	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.14K	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$-667.00	USD	1 Quarter
Total other expenses (income):	`NonoperatingIncomeExpense`	$93.59K	USD	1 Quarter
Total other expenses (income):	`NonoperatingIncomeExpense`	$-2.58M	USD	1 Quarter
Total other expenses (income):	`NonoperatingIncomeExpense`	$188.56K	USD	2 Qtrs
Total other expenses (income):	`NonoperatingIncomeExpense`	$-2.46M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-666.41K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.05M	USD	2 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.07	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	2 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.04	USD	2 Qtrs
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.22M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.21M	shares	2 Qtrs
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.38M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.17M	shares	2 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-666.41K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.05M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.30M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.97M	USD	1 Quarter
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$-25.36K	USD	2 Qtrs
Gain on fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$122.85K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$37.25K	USD	2 Qtrs
Depreciation	`Depreciation`	$84.20K	USD	2 Qtrs
Depreciation	`Depreciation`	$96.54K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$43.40K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$43.40K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$47.42K	USD	2 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$47.86K	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-1.14K	USD	2 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	2 Qtrs
Gain on settlement of liability	`GainOnSettlementOfLiability`	$2.67M	USD	2 Qtrs
Gain on settlement of liability	`GainOnSettlementOfLiability`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnSaleOfInvestments`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnSaleOfInvestments`	$23.98K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.53K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$95.05K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$236.72K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$48.08K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.07K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.14K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$611.38K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.66K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-121.35K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-153.49K	USD	2 Qtrs
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$768.22K	USD	2 Qtrs
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	-	USD	2 Qtrs
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$163.30K	USD	2 Qtrs
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$186.21K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-177.53K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-588.86K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$38.48K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.93K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.98K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$22.89K	USD	2 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-33.84K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.48K	USD	2 Qtrs
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$278.00K	USD	2 Qtrs
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$20.00K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$196.78K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$220.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$415.00K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$16.91K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$50.00K	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$30.27K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$156.21K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$716.66K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$197.03K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-18.97K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$93.97K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$181.63K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$181.63K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$41.00K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	-	USD	2 Qtrs
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	$228.89K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$18.60K	USD	2 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$23.58K	USD	2 Qtrs

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