10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-050052`
Period End Date	20201231
Filing Date	20210927
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	boxs-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 40 Cash Flow Statement 69 Stockholders Equity 13

Balance Sheet 62 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.53K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.72M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.83M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.83M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.79K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.72M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$9.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.38K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$91.67K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$61.60K	USD	Point-in-time
Total assets	`Assets`	$94.97K	USD	Point-in-time
Total assets	`Assets`	$100.99K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.53K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$278.19K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$390.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$399.55K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.72M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.21M	USD	Point-in-time
Other amounts due to related parties	`DueToRelatedPartiesCurrent`	-	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`	$402.70K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$520.54K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$406.08K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$4.77M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleNotesPayableCurrent`	$3.87M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$146.73K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$104.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.89M	USD	Point-in-time
Promissory notes payable	`SubordinatedLongTermDebt`	-	USD	Point-in-time
Promissory notes payable	`SubordinatedLongTermDebt`	$118.25K	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleDebtNoncurrent`	$1.09M	USD	Point-in-time
Convertible notes payable, net of discount	`ConvertibleDebtNoncurrent`	$481.35K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$76.47K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$34.89K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$13.55K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.72M	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`	$11.87M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 75,828,064 and 37,717,755 shares issued and outstanding, respectively	`CommonStockValue`	$75.83K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 75,828,064 and 37,717,755 shares issued and outstanding, respectively	`CommonStockValue`	$37.72K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.20M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$94.97K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$100.99K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$80.23K	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	$88.97K	USD	Annual
Cost of goods sold	`CostOfGoodsAndServicesSold`	-	USD	Annual
Gross Profit	`GrossProfit`	$-8.73K	USD	Annual
Gross Profit	`GrossProfit`	-	USD	Annual
Selling	`SellingExpense`	-	USD	Annual
Selling	`SellingExpense`	$143.32K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$821.12K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$245.81K	USD	Annual
Asset impairment	`AssetImpairmentCharges`	$192.71K	USD	Annual
Asset impairment	`AssetImpairmentCharges`	-	USD	Annual
Depreciation	`LossOnAssetImpairment`	-	USD	Annual
Depreciation	`LossOnAssetImpairment`	$100.19K	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.26M	USD	Annual
Total operating expenses	`OperatingExpenses`	$245.81K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-245.81K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.27M	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-34.99K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$3.07M	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-156.71K	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-11.00K	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$27.46K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-4.43K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-171.51K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$611.29K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$622.80K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$630.08K	USD	Annual
Total other expenses (income)	`NonoperatingIncomeExpense`	$3.69M	USD	Annual
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.90M	USD	Annual
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.93M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-3.93M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.94M	shares	Annual
Weighted average common shares basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.37M	shares	Annual

Cash Flow Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.90M	USD	Annual
Net loss	`ProfitLoss`	$-3.93M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$285.38K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$5.77K	USD	Annual
Depreciation	`Depreciation`	$100.19K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$171.51K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$4.43K	USD	Annual
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$11.00K	USD	Annual
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$156.71K	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	-	USD	Annual
Loss on default of convertible notes	`LossOnDefaultOfConvertibleNotes`	$42.62K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$34.99K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-3.07M	USD	Annual
Loss on sale of asset	`GainLossOnSaleOfInvestments`	$-12.07K	USD	Annual
Loss on sale of asset	`GainLossOnSaleOfInvestments`	$-27.46K	USD	Annual
Loss on asset impairment	`OperatingLeaseImpairmentLoss`	$192.71K	USD	Annual
Loss on asset impairment	`OperatingLeaseImpairmentLoss`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-24.12K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-59.13K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.22K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-144.90K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$283.43K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-595.00K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-455.60K	USD	Annual
NHL and MLB sponsorship liability	`NHLAndMLBSponsorshipLiability`	-	USD	Annual
NHL and MLB sponsorship liability	`NHLAndMLBSponsorshipLiability`	$115.00K	USD	Annual
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$15.85K	USD	Annual
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-751.64K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.39K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$350.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$350.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$270.00K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$619.30K	USD	Annual
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$76.50K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$189.94K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$15.52K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$64.30K	USD	Annual
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$15.00K	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$296.51K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$338.56K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.98K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-63.08K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.59K	USD	Annual
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`	$23.59K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.08K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$178.57K	USD	Annual
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$228.95K	USD	Annual
Note payable converted to equity	`NotePayableConvertedToEquity`	$118.01K	USD	Annual
Note payable converted to equity	`NotePayableConvertedToEquity`	$105.00K	USD	Annual
Promissory note converted into convertible notes	`LiabilitiesConvertedIntoConvertibleNotes`	-	USD	Annual
Promissory note converted into convertible notes	`LiabilitiesConvertedIntoConvertibleNotes`	$248.49K	USD	Annual
Accrued interest exchanged into convertible notes	`AccruedInterestExchangedIntoConvertibleNotes`	$73.34K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$285.38K	USD	Annual
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$118.01K	USD	Annual
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$105.00K	USD	Annual
Fair value of warrants	`FairValueOfWarrants`	$5.77K	USD	Annual
Reclassification of warrant liability to equity related to adoption of ASU 2017-11	`ReclassificationOfWarrantLiability`	$118.67K	USD	Annual
Net loss	`NetIncomeLoss`	$-3.93M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Balance	`StockholdersEquity`	$-6.58M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time

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