10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-019672`
Period End Date	20190331
Filing Date	20191004
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	boxs-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 38 Cash Flow Statement 67 Stockholders Equity 16

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	32.18M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.96K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	35.45M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$25.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.18M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	35.45M	shares	Point-in-time
Inventory (net)	`InventoryNet`	$59.13K	USD	Point-in-time
Inventory (net)	`InventoryNet`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.75K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.75K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$762.03K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$321.84K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$9.59K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$12.26K	USD	Point-in-time
Total assets	`Assets`	$353.18K	USD	Point-in-time
Total assets	`Assets`	$940.91K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$259.33K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$691.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$413.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$239.44K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$860.70K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$749.73K	USD	Point-in-time
Other amounts due to related parties	`DueToOfficersOrStockholdersCurrent`	$267.87K	USD	Point-in-time
Other amounts due to related parties	`DueToOfficersOrStockholdersCurrent`	$26.41K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$443.80K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$443.80K	USD	Point-in-time
Promissory notes payable, net of discount	`NotesPayableCurrent`	$738.28K	USD	Point-in-time
Promissory notes payable, net of discount	`NotesPayableCurrent`	$832.18K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$2.75M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.18M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$69.88K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$218.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.08M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.09M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$1.11M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$923.77K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$152.67K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$126.91K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$74.94K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$28.36K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$129.35K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$302.16K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.52M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 35,447,755 and 32,176,659 shares issued and outstanding, respectively	`CommonStockValue`	$32.18K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 35,447,755 and 32,176,659 shares issued and outstanding, respectively	`CommonStockValue`	$35.45K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.69M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.06M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-6.58M	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 stockholders' deficit	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$940.91K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$353.18K	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$287.83K	USD	1 Quarter
Revenue	`Revenues`	$49.77K	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsAndServicesSold`	$64.40K	USD	1 Quarter
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsAndServicesSold`	$107.71K	USD	1 Quarter
Gross (Loss) Profit	`GrossProfit`	$180.12K	USD	1 Quarter
Gross (Loss) Profit	`GrossProfit`	$-14.63K	USD	1 Quarter
Selling	`SellingExpense`	$61.47K	USD	1 Quarter
Selling	`SellingExpense`	$660.03K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$114.61K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$272.38K	USD	1 Quarter
Depreciation	`Depreciation`	$44.46K	USD	1 Quarter
Depreciation	`Depreciation`	$62.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$238.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$976.86K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-235.44K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-796.74K	USD	1 Quarter
Loss on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-338.06K	USD	1 Quarter
Loss on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$156.71K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-27.46K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$27.46K	USD	Point-in-time
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$29.32K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$134.29K	USD	1 Quarter
Interest expense	`InterestExpense`	$163.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$87.04K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$-116.37K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$-506.22K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-759.66K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-913.10K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-913.10K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.34M	shares	1 Quarter
Weighted average common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.09M	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-913.10K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$15.71K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$41.00K	USD	1 Quarter
Depreciation	`Depreciation1`	$62.73K	USD	1 Quarter
Depreciation	`Depreciation1`	$44.38K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AdjustmentForAmortization`	$134.29K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AdjustmentForAmortization`	$29.32K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$156.71K	USD	1 Quarter
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	-	USD	1 Quarter
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$-42.62K	USD	1 Quarter
Loss on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-338.06K	USD	1 Quarter
Loss on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-27.46K	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.68K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.65K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-59.13K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$196.20K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$21.74K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-13.64K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$178.46K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-225.93K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-68.34K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-110.97K	USD	1 Quarter
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	-	USD	1 Quarter
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$542.13K	USD	1 Quarter
Other amounts due to related parties	`IncreaseDecreaseInDueToOfficersAndStockholders`	$-56.80K	USD	1 Quarter
Other amounts due to related parties	`IncreaseDecreaseInDueToOfficersAndStockholders`	$47.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-187.08K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-343.53K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$350.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	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) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.83K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$350.00K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$25.00K	USD	1 Quarter
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$23.43K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$270.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$315.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$75.00K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$173.99K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$79.25K	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$226.59K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$284.19K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.59K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.11K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.28K	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.96K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$173.94K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.96K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
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`	-	USD	1 Quarter
Accounts payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$60.00K	USD	1 Quarter
Accounts payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	-	USD	1 Quarter
Note payable converted to equity	`NotePayableConvertedToEquity`	-	USD	1 Quarter
Note payable converted to equity	`NotePayableConvertedToEquity`	$20.00K	USD	1 Quarter

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$9.23K	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$41.00K	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$6.48K	USD	1 Quarter
Shares issued for warrant exercise	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$25.00K	USD	1 Quarter
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$20.00K	USD	1 Quarter
Reclassification of warrant liability to equity related to adoption of ASU 2017-11	`ReclassificationOfWarrantLiability`	$118.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-913.10K	USD	1 Quarter
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time

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