10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-015771`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	boxs-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 68 Cash Flow Statement 76

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`	$73.43K	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 issued	`CommonStockSharesIssued`	32.18M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$44.47K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$27.77K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	27.61M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.18M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$28.57K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$81.62K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$346.35K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$28.80K	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`	$447.39K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$594.24K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$711.13K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$11.42K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$12.26K	USD	Point-in-time
Intangible asset (net)	`FiniteLivedIntangibleAssetsNet`	$52.19K	USD	Point-in-time
Intangible asset (net)	`FiniteLivedIntangibleAssetsNet`	$86.80K	USD	Point-in-time
Total assets	`Assets`	$1.22M	USD	Point-in-time
Total assets	`Assets`	$909.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.72K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$448.81K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.25K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$122.15K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$643.09K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$366.33K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$69.84K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$1.96M	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$586.85K	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$788.62K	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`	$644.94K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$945.11K	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`	$242.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.87M	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	-	USD	Point-in-time
Senior convertible notes, net of discount	`SeniorLongTermNotes`	$24.64K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.20M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleLongTermNotesPayable`	$2.12M	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$131.04K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$157.80K	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`	$2.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.75M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 32,176,659 and 27,614,992 shares issued and outstanding, respectively	`CommonStockValue`	$32.18K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 32,176,659 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`	$5.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.62M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.19M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-5.53M	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`	$1.22M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$288.52K	USD	1 Quarter
Revenue	`Revenues`	$1.18M	USD	3 Qtrs
Revenue	`Revenues`	$1.03M	USD	3 Qtrs
Revenue	`Revenues`	$409.05K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$623.92K	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$163.59K	USD	1 Quarter
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$561.74K	USD	3 Qtrs
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$233.57K	USD	1 Quarter
Gross Profit	`GrossProfit`	$472.57K	USD	3 Qtrs
Gross Profit	`GrossProfit`	$124.93K	USD	1 Quarter
Gross Profit	`GrossProfit`	$175.48K	USD	1 Quarter
Gross Profit	`GrossProfit`	$556.31K	USD	3 Qtrs
Selling	`SellingExpense`	$236.44K	USD	1 Quarter
Selling	`SellingExpense`	$1.39M	USD	3 Qtrs
Selling	`SellingExpense`	$1.29M	USD	3 Qtrs
Selling	`SellingExpense`	$499.84K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$939.52K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$259.22K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$335.88K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$961.99K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$2.33M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$572.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$759.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.25M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.69M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.85M	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-583.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-447.39K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$30.53K	USD	3 Qtrs
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`	$5.18K	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	3 Qtrs
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	$2.67M	USD	3 Qtrs
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$23.98K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$38.43K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$73.41K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$25.99K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$86.30K	USD	3 Qtrs
Interest expense	`InterestExpense`	$332.38K	USD	3 Qtrs
Interest expense	`InterestExpense`	$249.09K	USD	3 Qtrs
Interest expense	`InterestExpense`	$140.93K	USD	1 Quarter
Interest expense	`InterestExpense`	$83.73K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.46K	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	3 Qtrs
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$-11.60K	USD	3 Qtrs
Total other expenses (income):	`NonoperatingIncomeExpense`	$-179.37K	USD	1 Quarter
Total other expenses (income):	`NonoperatingIncomeExpense`	$-115.00K	USD	1 Quarter
Total other expenses (income):	`NonoperatingIncomeExpense`	$-303.56K	USD	3 Qtrs
Total other expenses (income):	`NonoperatingIncomeExpense`	$2.28M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$425.91K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-698.58K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-626.75K	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	3 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	3 Qtrs
Net income (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.33M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	31.69M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.59M	shares	3 Qtrs
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.02M	shares	3 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-698.58K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-626.75K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$425.91K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.00M	USD	3 Qtrs
Gain on fair value of debt and warrant liabilities	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Gain on fair value of debt and warrant liabilities	`FairValueAdjustmentOfWarrants`	$-30.53K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$142.08K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$53.53K	USD	3 Qtrs
Depreciation	`Depreciation`	$153.57K	USD	3 Qtrs
Depreciation	`Depreciation`	$136.33K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$65.10K	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$65.10K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$73.41K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$86.30K	USD	3 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-11.60K	USD	3 Qtrs
Unrealized loss (gain) on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	3 Qtrs
Gain on sale of asset	`GainLossOnSaleOfInvestments`	$23.98K	USD	3 Qtrs
Gain on sale of asset	`GainLossOnSaleOfInvestments`	-	USD	3 Qtrs
Gain on settlement of liability	`GainOnSettlementOfLiability`	-	USD	3 Qtrs
Gain on settlement of liability	`GainOnSettlementOfLiability`	$2.67M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$19.40K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-801.00	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$33.38K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$264.73K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.45K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.97K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.98K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.01M	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-182.30K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-276.76K	USD	3 Qtrs
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$788.06K	USD	3 Qtrs
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	-	USD	3 Qtrs
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$259.12K	USD	3 Qtrs
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$201.76K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-190.62K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-899.32K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$58.75K	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.99K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.98K	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Purchases of intangible assets	`PaymentsToAcquireIntangibleAssets`	$30.49K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.75K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.50K	USD	3 Qtrs
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	$20.00K	USD	3 Qtrs
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	$278.00K	USD	3 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$399.01K	USD	3 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$563.75K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$290.00K	USD	3 Qtrs
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$33.83K	USD	3 Qtrs
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	3 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$78.75K	USD	3 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$50.00K	USD	3 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$254.56K	USD	3 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$36.42K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$873.62K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.88K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-43.20K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.52K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.47K	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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$73.43K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.47K	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
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$73.43K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$63.00K	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$40.53K	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$35.94K	USD	3 Qtrs
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	-	USD	3 Qtrs
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	$259.47K	USD	3 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$295.04K	USD	3 Qtrs
Issuance of convertible notes to settle principal, interest, fees and penalties	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs

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