10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-025789`
Period End Date	20191231
Filing Date	20210512
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	boxs-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 40 Cash Flow Statement 74 Stockholders Equity 14

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	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
Common stock, shares issued	`CommonStockSharesIssued`	37.72M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.53K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$25.65K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	32.18M	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`	$18.75K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$166.61K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$91.67K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$762.03K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$12.26K	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$940.91K	USD	Point-in-time
Total assets	`Assets`	$100.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$278.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$691.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$239.44K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$399.55K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.21M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$749.73K	USD	Point-in-time
Other amounts due to related parties	`DueToRelatedPartiesCurrent`	$67.02K	USD	Point-in-time
Other amounts due to related parties	`DueToRelatedPartiesCurrent`	$267.87K	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	`OtherNotesPayableCurrent`	$520.54K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$738.28K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.87M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$2.75M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$218.12K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationsCurrent`	$104.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.89M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$1.09M	USD	Point-in-time
Convertible notes payable, net of discount	`SeniorLongTermNotes`	$1.11M	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$76.47K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationsNoncurrent`	$152.67K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$28.36K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.55K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$121.86K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	-	USD	Point-in-time
Warrant liabilities	`WarrantLiabilitiesNoncurrent`	$129.35K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.42M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.18M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$7.52M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 37,717,755 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, 37,717,755 and 32,176,659 shares issued and outstanding, respectively	`CommonStockValue`	$37.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.20M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.30M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$100.99K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$940.91K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$80.23K	USD	Annual
Revenue	`Revenues`	$1.28M	USD	Annual
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsAndServicesSold`	$776.34K	USD	Annual
Cost of goods sold (exclusive of depreciation shown separately below)	`CostOfGoodsAndServicesSold`	$88.97K	USD	Annual
Gross Profit	`GrossProfit`	$-8.73K	USD	Annual
Gross Profit	`GrossProfit`	$507.41K	USD	Annual
Selling	`SellingExpense`	$143.32K	USD	Annual
Selling	`SellingExpense`	$1.47M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$821.12K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.53M	USD	Annual
Depreciation	`Depreciation`	$211.24K	USD	Annual
Depreciation	`Depreciation`	$100.19K	USD	Annual
Loss on asset impairment	`LossOnAssetImpairment`	$192.71K	USD	Annual
Loss on asset impairment	`LossOnAssetImpairment`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.26M	USD	Annual
Total operating expenses	`OperatingExpenses`	$3.20M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.27M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-2.70M	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-34.99K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-62.10K	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-2.67M	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-156.71K	USD	Annual
Loss( gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$27.46K	USD	Annual
Loss( gain) on sale of assets	`GainLossOnDispositionOfAssets1`	$-23.98K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-171.51K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-86.30K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$661.33K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$622.80K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$-2.01M	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$630.08K	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.90M	USD	Annual
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-683.78K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Net Loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	30.56M	shares	Annual
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.37M	shares	Annual

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Net loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$115.19K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$285.38K	USD	Annual
Depreciation	`Depreciation`	$211.24K	USD	Annual
Depreciation	`Depreciation`	$100.19K	USD	Annual
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$86.80K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$151.36K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$171.51K	USD	Annual
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$2.67M	USD	Annual
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$156.71K	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$-120.25K	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$-42.62K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$62.10K	USD	Annual
Gain on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$34.99K	USD	Annual
Loss (gain) on sale of asset	`GainLossOnSaleOfInvestments`	$23.98K	USD	Annual
Loss (gain) on sale of asset	`GainLossOnSaleOfInvestments`	$-27.46K	USD	Annual
Loss on asset impairment	`LossOnAssetImpairment`	-	USD	Annual
Loss on asset impairment	`LossOnAssetImpairment`	$192.71K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.92K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-24.12K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-59.13K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-22.49K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.22K	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`	$-144.90K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-383.40K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-455.60K	USD	Annual
NHL and MLB sponsorship liability	`IncreaseDecreaseInSponsorshipLiability`	$115.00K	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`	$-15.85K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.24M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-751.64K	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.08K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$23.98K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$350.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$350.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$9.90K	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	-	USD	Annual
Proceeds from warrant exercise	`ProceedsFromWarrantExercises`	$278.00K	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$270.00K	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`	$619.30K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$33.83K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfLongTermCapitalLeaseObligations`	$189.94K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$64.30K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$78.75K	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$296.51K	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`	$338.56K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-63.08K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.59K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$87.67K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$178.57K	USD	Annual
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	-	USD	Annual
Note payable converted to equity	`NotePayableConvertedToEquity`	-	USD	Annual
Note payable converted to equity	`NotePayableConvertedToEquity`	$105.00K	USD	Annual
Promissory note payable exchanged into convertible notes	`PromissoryNotePayableExchangedIntoConvertibleNotes`	$248.49K	USD	Annual
Promissory note payable exchanged into convertible notes	`PromissoryNotePayableExchangedIntoConvertibleNotes`	-	USD	Annual
Accrued interest exchanged into convertible notes	`AccruedInterestExchangedIntoConvertibleNotes`	$73.34K	USD	Annual
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	-	USD	Annual
Assets acquired through capital lease	`AssetsAcquiredThroughCapitalLease`	$259.47K	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

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$-6.29M	USD	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$61.64K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$53.55K	USD	Annual
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$285.38K	USD	Annual
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$105.00K	USD	Annual
Reclassification of warrant liability to equity related to adoption of ASU 2017-11	`ReclassificationOfWarrantLiability`	$118.67K	USD	Annual
Shares issued for warrant exercise	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$278.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Net loss	`NetIncomeLoss`	$-683.78K	USD	Annual
Balance at ending	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance at ending	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance at ending	`StockholdersEquity`	$-6.29M	USD	Point-in-time

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