10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-050126`
Period End Date	20210630
Filing Date	20210928
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	f10q0621_boxscore_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 68 Cash Flow Statement 56 Stockholders Equity 22

Balance Sheet 60 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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	211.43M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.83M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	211.43M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.63K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.63K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.38K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$17.50K	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`	$20.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.53K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$310.46K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$354.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$390.40K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.93M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.72M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$193.80K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$402.70K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$406.08K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$499.33K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.84M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.77M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$44.69K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$146.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.15M	USD	Point-in-time
Promissory notes payable	`SubordinatedLongTermDebt`	$118.25K	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$481.35K	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$558.72K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$16.60K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$34.89K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$969.67K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.54M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.72M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.71M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 211,434,302 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$211.43K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 211,434,302 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$75.83K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.13M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$20.13K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$94.97K	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$100.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$173.65K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$114.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.65K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$63.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$100.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$114.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-63.30K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-114.88K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-100.15K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-173.65K	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-2.11M	USD	2 Qtrs
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 change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-261.46K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-31.33K	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-4.06K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-1.40K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$306.14K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$209.07K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$154.65K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$404.96K	USD	2 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$-1.74M	USD	2 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$155.66K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$322.27K	USD	2 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$-52.39K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-437.16K	USD	2 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-218.96K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.77K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	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
Net Income (Loss)	`NetIncomeLoss`	$-218.96K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-437.16K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-47.77K	USD	1 Quarter
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.72M	shares	2 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	137.53M	shares	2 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.72M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	174.84M	shares	1 Quarter
Weighted average common shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.84M	shares	1 Quarter
Weighted average common shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	299.24M	shares	2 Qtrs
Weighted average common shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	1 Quarter
Weighted average common shares - diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.57M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-437.16K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$2.62K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$3.15K	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	2 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$4.06K	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$31.33K	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`	$2.11M	USD	2 Qtrs
Loss on sale of assets	`GainLossOnSaleOfInvestments`	-	USD	2 Qtrs
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-12.07K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00K	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`	$31.41K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-402.96K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-296.57K	USD	2 Qtrs
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	2 Qtrs
Amount due to officers	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.98K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-139.09K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	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`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$365.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$10.50K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$15.52K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	USD	2 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$167.50K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$25.00K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$115.50K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.02K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-23.59K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	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`	$23.59K	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
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$79.39K	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$54.60K	USD	2 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	-	USD	2 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$314.57K	USD	2 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	-	USD	2 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$195.87K	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.18M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$303.73K	USD	1 Quarter
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$510.44K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$2.62K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$1.57K	USD	1 Quarter
Fair value of warrants	`FairValueOfWarrants`	$3.15K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$2.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-47.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-218.96K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-437.16K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.18M	USD	Point-in-time

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