10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001213900-19-012471`
Period End Date	20181231
Filing Date	20190711
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	boxs-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 78 Stockholders Equity 14

Balance Sheet 70 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`	$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`	$63.08K	USD	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`	$25.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.18M	shares	Point-in-time
Inventory (net)	`InventoryNet`	$81.62K	USD	Point-in-time
Inventory (net)	`InventoryNet`	$59.13K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.67K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$217.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.61K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$762.03K	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 asset (net)	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangible asset (net)	`FiniteLivedIntangibleAssetsNet`	$86.80K	USD	Point-in-time
Total assets	`Assets`	$940.91K	USD	Point-in-time
Total assets	`Assets`	$909.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$691.82K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.72K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$239.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.25K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$749.73K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$366.33K	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	-	USD	Point-in-time
NHL and MLB sponsorship liability	`SponsorshipLiabilityCurrent`	$1.96M	USD	Point-in-time
Amounts due to officers	`DueToOfficersOrStockholdersCurrent`	$267.87K	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`	$443.80K	USD	Point-in-time
Promissory notes payable	`NotesPayableCurrent`	$738.28K	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`	$2.75M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$148.24K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$218.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.87M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.09M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$2.20M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$1.11M	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$152.67K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$28.36K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$129.35K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$184.68K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$2.32M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.52M	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
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
Additional paid in capital	`AdditionalPaidInCapital`	$5.69M	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`	$-12.30M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$909.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$940.91K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.43M	USD	Annual
Revenue	`Revenues`	$1.28M	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$779.81K	USD	Annual
Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$987.58K	USD	Annual
Gross Profit	`GrossProfit`	$647.16K	USD	Annual
Gross Profit	`GrossProfit`	$296.17K	USD	Annual
Selling	`SellingExpense`	$1.58M	USD	Annual
Selling	`SellingExpense`	$1.47M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.53M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.28M	USD	Annual
Goodwill impairment charge	`GoodwillImpairmentLoss`	$642.34K	USD	Annual
Goodwill impairment charge	`GoodwillImpairmentLoss`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.51M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.99M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.86M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.70M	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$62.10K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$121.86K	USD	Annual
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on settlement of liability	`GainsLossesOnExtinguishmentOfDebt`	$2.67M	USD	Annual
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	$23.98K	USD	Annual
Gain on sale of asset	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$102.21K	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$86.30K	USD	Annual
Interest expense	`InterestExpense`	$661.33K	USD	Annual
Interest expense	`InterestExpense`	$305.66K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossBeforeTax`	$-14.56K	USD	Annual
Other loss	`OtherNonoperatingIncomeExpense`	$-22.41K	USD	Annual
Other loss	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$-322.97K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$2.01M	USD	Annual
Net Loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	Annual
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.88M	shares	Annual
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.56M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Stock based compensation and stock issued for services	`ShareBasedCompensation`	$115.19K	USD	Annual
Stock based compensation and stock issued for services	`ShareBasedCompensation`	$172.06K	USD	Annual
Depreciation	`Depreciation`	$211.24K	USD	Annual
Depreciation	`Depreciation`	$180.78K	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`	$151.36K	USD	Annual
Amortization of debt discount and deferred financing costs	`AdjustmentForAmortization`	$100.48K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	$-14.56K	USD	Annual
Unrealized loss on foreign currency	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$121.86K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$62.10K	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$-120.25K	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	-	USD	Annual
Gain on sale of asset	`GainLossOnSaleOfInvestments`	$23.98K	USD	Annual
Gain on sale of asset	`GainLossOnSaleOfInvestments`	-	USD	Annual
Gain on settlement of NHL liability	`GainOnSettlementOfLiability`	$2.67M	USD	Annual
Gain on settlement of NHL liability	`GainOnSettlementOfLiability`	-	USD	Annual
Settlement of debt interest, fees and penalties with convertible notes	`SettlementOfDebtInterest`	-	USD	Annual
Settlement of debt interest, fees and penalties with convertible notes	`SettlementOfDebtInterest`	$22.41K	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	$642.34K	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$12.03K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.92K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$5.41K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-22.49K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-25.47K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-80.00	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$273.71K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.96K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-189.70K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-383.40K	USD	Annual
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$1.05M	USD	Annual
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$718.22K	USD	Annual
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$117.52K	USD	Annual
Amount due to officers	`IncreaseDecreaseInDueToOfficersAndStockholders`	$298.45K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.24M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-525.15K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.08K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$64.49K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.98K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-64.49K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.90K	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$20.00K	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$278.00K	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$37.30K	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$608.25K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$830.25K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$652.54K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$33.83K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$50.00K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$78.75K	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$44.45K	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$397.30K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.21M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$615.39K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.75K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.59K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$61.91K	USD	Point-in-time
Cash, end of year	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$40.77K	USD	Annual
Interest paid	`InterestPaidNet`	$67.93K	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`	$226.51K	USD	Annual
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	$259.46K	USD	Annual
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	-	USD	Annual
Issuance of common shares in settlement of due to officers	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Issuance of common shares in settlement of due to officers	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$98.47K	USD	Annual
Convertible promissory notes issued in exchange for accrued salary	`ConvertiblePromissoryNotesIssuedInExchangeForAccruedSalary`	$436.50K	USD	Annual
Convertible promissory notes issued in exchange for accrued salary	`ConvertiblePromissoryNotesIssuedInExchangeForAccruedSalary`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$61.64K	USD	Annual
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$98.47K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$76.14K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$53.55K	USD	Annual
Shares issued for warrant exercise	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$278.00K	USD	Annual
Shares issued for warrant exercise	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$20.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.18M	USD	Annual
Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time

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