10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-046335`
Period End Date	20200331
Filing Date	20210902
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	boxs-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 32 Cash Flow Statement 62 Stockholders Equity 13

Balance Sheet 61 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`	$13.96K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$63.08K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.72M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.72M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.53K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$9.32K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$61.60K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$91.67K	USD	Point-in-time
Total assets	`Assets`	$100.99K	USD	Point-in-time
Total assets	`Assets`	$69.39K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$348.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$278.19K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$399.55K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$382.36K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.21M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.35M	USD	Point-in-time
Other amounts due to related parties	`DueToRelatedPartiesCurrent`	$67.02K	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`	$521.08K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.94M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.87M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$104.38K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$114.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.10M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleDebtNoncurrent`	$1.08M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleDebtNoncurrent`	$1.09M	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$76.47K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$55.75K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.95K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.55K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.15M	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`	$8.25M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 37,717,755 and 37,717,755 shares issued and outstanding, respectively	`CommonStockValue`	$37.72K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 37,717,755 and 37,717,755 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`	$6.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.42M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.18M	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 liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$69.39K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$100.99K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$49.77K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$64.40K	USD	1 Quarter
Gross Profit (Loss)	`GrossProfit`	$-14.63K	USD	1 Quarter
Selling	`SellingExpense`	$61.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$114.61K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.58K	USD	1 Quarter
Depreciation	`LossOnAssetImpairment`	$62.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$238.81K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-253.44K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-51.58K	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$394.00	USD	1 Quarter
Loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$338.06K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-156.71K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$27.46K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-134.29K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-2.66K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$151.49K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$163.10K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$506.22K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$166.61K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-218.20K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-759.66K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-218.20K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.34M	shares	1 Quarter
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.72M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-218.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$41.00K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$62.73K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$2.66K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$134.29K	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$156.71K	USD	1 Quarter
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$42.62K	USD	1 Quarter
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-394.00	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-338.06K	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-12.07K	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-27.46K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.65K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$-59.13K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-13.64K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$107.09K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-225.93K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-110.97K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-146.39K	USD	1 Quarter
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$56.80K	USD	1 Quarter
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.08K	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`	$18.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$350.00K	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	-	USD	1 Quarter
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$270.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$75.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$7.50K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$173.99K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$10.42K	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$226.59K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.59K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.92K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-49.11K	USD	1 Quarter
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.96K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.96K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$54.23K	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$60.00K	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 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$41.00K	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`	$-218.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-759.66K	USD	1 Quarter
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	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.