10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-047183`
Period End Date	20200630
Filing Date	20210909
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	boxs-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 76 Cash Flow Statement 63 Stockholders Equity 17

Balance Sheet 58 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
Accounts receivable	`AccountsReceivableNetCurrent`	-	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
Accounts receivable	`AccountsReceivableNetCurrent`	$1.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	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 issued	`CommonStockSharesIssued`	37.72M	shares	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	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`	$69.39K	USD	Point-in-time
Total assets	`Assets`	$100.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$327.92K	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`	$435.21K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.50M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.21M	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`	$3.87M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.94M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$128.09K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$104.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.30M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleDebtNoncurrent`	$1.11M	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`	$46.80K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.55K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.55K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.18M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.07M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.47M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 37,717,755 shares issued and outstanding	`CommonStockValue`	$37.72K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 37,717,755 shares issued and outstanding	`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`	$-14.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.64M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$100.99K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$69.39K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$49.77K	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$64.40K	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-14.63K	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling	`SellingExpense`	-	USD	1 Quarter
Selling	`SellingExpense`	$102.95K	USD	2 Qtrs
Selling	`SellingExpense`	-	USD	2 Qtrs
Selling	`SellingExpense`	$41.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$114.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.30K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$533.90K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$419.28K	USD	1 Quarter
Depreciation	`LossOnAssetImpairment`	-	USD	2 Qtrs
Depreciation	`LossOnAssetImpairment`	$18.63K	USD	1 Quarter
Depreciation	`LossOnAssetImpairment`	$81.36K	USD	2 Qtrs
Depreciation	`LossOnAssetImpairment`	-	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$114.88K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$63.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$479.38K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$718.20K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-732.83K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-479.38K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-114.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-63.30K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-19.77K	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-357.84K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-394.00	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-156.71K	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	2 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$27.46K	USD	2 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-156.66K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-1.40K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-22.37K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-4.06K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$306.14K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$323.06K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$159.95K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$154.65K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$322.27K	USD	2 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$-175.51K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$330.70K	USD	2 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$155.66K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.06M	USD	2 Qtrs
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-218.96K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-303.87K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-437.16K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-303.87K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-218.96K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-437.16K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
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`	$-0.03	USD	2 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.85M	shares	1 Quarter
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.72M	shares	2 Qtrs
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	37.72M	shares	1 Quarter
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	35.10M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.06M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-437.16K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.62K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$251.24K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$81.36K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$4.06K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$156.66K	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$156.71K	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$42.62K	USD	2 Qtrs
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	-	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$19.77K	USD	2 Qtrs
Loss on sale of asset	`GainLossOnSaleOfInvestments`	$-12.07K	USD	2 Qtrs
Loss on sale of asset	`GainLossOnSaleOfInvestments`	$-27.46K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-25.65K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-59.13K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-21.31K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$174.34K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-78.62K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-176.70K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-296.57K	USD	2 Qtrs
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$63.37K	USD	2 Qtrs
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.98K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-539.85K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$350.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$350.00K	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$270.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$347.70K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$10.50K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$184.24K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$15.52K	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$13.20K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$293.49K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$126.77K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.02K	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-63.08K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	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, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	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
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$178.57K	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$79.39K	USD	2 Qtrs
Note payable converted to equity	`NotePayableConvertedToEquity`	-	USD	2 Qtrs
Note payable converted to equity	`NotePayableConvertedToEquity`	$20.00K	USD	2 Qtrs
Liabilities converted into convertible notes	`LiabilitiesConvertedIntoConvertibleNotes`	$321.82K	USD	2 Qtrs
Liabilities converted into convertible notes	`LiabilitiesConvertedIntoConvertibleNotes`	-	USD	2 Qtrs

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-7.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$210.24K	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$251.24K	USD	2 Qtrs
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$20.00K	USD	2 Qtrs
Reclassification of warrant liability to equity related to adoption of ASU 2017-11	`ReclassificationOfWarrantLiability`	$118.67K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$2.62K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$2.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-437.16K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.06M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-303.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-218.96K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.25M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.40M	USD	Point-in-time

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