10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-050125`
Period End Date	20210331
Filing Date	20210928
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	boxs-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 56 Stockholders Equity 12

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$20.93K	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`	$23.59K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.79K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.83M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.63K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	130.23M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$33.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$23.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	130.23M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.83M	shares	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$61.60K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$17.50K	USD	Point-in-time
Total assets	`Assets`	$41.07K	USD	Point-in-time
Total assets	`Assets`	$94.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$318.34K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.53K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$390.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$338.51K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.82M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.72M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$288.80K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$402.70K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$509.33K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$406.08K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.77M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.90M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$45.70K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$146.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.15M	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	`ConvertibleDebtNoncurrent`	$524.95K	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$481.35K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$34.89K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$14.74K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$1.23M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.77M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.72M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.87M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 130,226,748 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$75.83K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 130,226,748 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$130.23K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.13M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$41.07K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$94.97K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$51.58K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$73.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.58K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$73.50K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-51.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-73.50K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-1.85M	USD	1 Quarter
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$394.00	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-31.33K	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-2.66K	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$195.89K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$151.49K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$-1.69M	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`	$1.61M	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`	$1.61M	USD	1 Quarter
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	100.30M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.72M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	267.52M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.61M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-218.20K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$1.57K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$2.66K	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$31.33K	USD	1 Quarter
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	1 Quarter
(Gain) loss on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-394.00	USD	1 Quarter
(Gain) loss on change in fair value of debt and warrant liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$1.85M	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-12.07K	USD	1 Quarter
Loss on sale of assets	`GainLossOnSaleOfInvestments`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$107.09K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.42K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-194.74K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-146.39K	USD	1 Quarter
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	1 Quarter
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.65K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.08K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$125.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$7.50K	USD	1 Quarter
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	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`	$15.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.92K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.65K	USD	1 Quarter
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$20.93K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	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`	$20.93K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Accounts payable and accrued expenses exchanged for convertible note	`LiabilitiesConvertedIntoConvertibleNotes`	$47.10K	USD	1 Quarter
Accounts payable and accrued expenses exchanged for convertible note	`LiabilitiesConvertedIntoConvertibleNotes`	$54.23K	USD	1 Quarter
Fixed assets under lease exchanged in settlement of lease liability	`FixedAssetsUnderLeaseExchangedInSettlementOfLeaseLiability`	$44.10K	USD	1 Quarter
Fixed assets under lease exchanged in settlement of lease liability	`FixedAssetsUnderLeaseExchangedInSettlementOfLeaseLiability`	-	USD	1 Quarter
Senior convertible notes converted to common stock	`SeniorConvertibleNotesConvertedToCommonStock`	$113.90K	USD	1 Quarter
Senior convertible notes converted to common stock	`SeniorConvertibleNotesConvertedToCommonStock`	-	USD	1 Quarter
Accrued interest on senior convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$92.81K	USD	1 Quarter
Accrued interest on senior convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.96M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$206.72K	USD	1 Quarter
Fair value of warrants	`FairValueOfWarrants`	$1.57K	USD	1 Quarter
Net Income/loss	`NetIncomeLoss`	$-218.20K	USD	1 Quarter
Net Income/loss	`NetIncomeLoss`	$1.61M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-8.18M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.96M	USD	Point-in-time

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