10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-059033`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	f10q0921_boxscorebrands_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 64 Cash Flow Statement 58 Stockholders Equity 22

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.83M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	288.10M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.66K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	288.10M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$9.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	75.83M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.76K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.38K	USD	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`	$94.97K	USD	Point-in-time
Total assets	`Assets`	$29.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$308.17K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$314.53K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$345.76K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$390.40K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.01M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.72M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$402.70K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$183.80K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$473.27K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$406.08K	USD	Point-in-time
Convertible notes payable, current portion	`ConvertibleNotesPayableCurrent`	$4.59M	USD	Point-in-time
Convertible notes payable, current portion	`ConvertibleNotesPayableCurrent`	$4.77M	USD	Point-in-time
Capital lease obligation, current portion	`CapitalLeaseObligationCurrent`	$36.25K	USD	Point-in-time
Capital lease obligation, current portion	`CapitalLeaseObligationCurrent`	$146.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.94M	USD	Point-in-time
Promissory notes payable	`SubordinatedLongTermDebt`	$118.25K	USD	Point-in-time
Promissory notes payable	`SubordinatedLongTermDebt`	-	USD	Point-in-time
Convertible notes payable, noncurrent portion	`ConvertibleDebtNoncurrent`	$831.22K	USD	Point-in-time
Convertible notes payable, noncurrent portion	`ConvertibleDebtNoncurrent`	$481.35K	USD	Point-in-time
Capital lease obligation, noncurrent portion	`CapitalLeaseObligationNoncurrent`	$34.89K	USD	Point-in-time
Capital lease obligation, noncurrent portion	`CapitalLeaseObligationNoncurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$2.21M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$3.08M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.72M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$3.04M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.87M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 288,097,871 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, 288,097,871 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$288.10K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-10.96M	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`	$-7.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$94.97K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$29.92K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$59.37K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$83.25K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$174.26K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$256.90K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$174.26K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$83.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$256.90K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$59.37K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-83.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-174.26K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-59.37K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-256.90K	USD	3 Qtrs
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$1.24M	USD	1 Quarter
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-871.39K	USD	3 Qtrs
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$75.96K	USD	1 Quarter
(Gain) loss on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$75.96K	USD	3 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-30.77K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-11.00K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-11.00K	USD	3 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-62.09K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$12.07K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-372.00	USD	1 Quarter
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$-4.43K	USD	3 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$155.46K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$645.88K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$240.92K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$461.60K	USD	3 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$543.06K	USD	3 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$220.79K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$1.45M	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$-287.60K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-280.16K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.54M	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.70K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-717.32K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-280.16K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-717.32K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$30.70K	USD	3 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`	-	USD	3 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`	$-0.02	USD	3 Qtrs
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	3 Qtrs
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	3 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	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.19M	shares	3 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	261.69M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.72M	shares	3 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	3 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	261.69M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.72M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	340.83M	shares	3 Qtrs

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-717.32K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$30.70K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.20K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.72K	USD	3 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	-	USD	3 Qtrs
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	$4.43K	USD	3 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$62.09K	USD	3 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$11.00K	USD	3 Qtrs
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-75.96K	USD	3 Qtrs
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$871.39K	USD	3 Qtrs
Loss on sale of asset	`GainLossOnSaleOfInvestments`	-	USD	3 Qtrs
Loss on sale of asset	`GainLossOnSaleOfInvestments`	$-12.07K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.05K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$230.84K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-638.34K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-448.33K	USD	3 Qtrs
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	3 Qtrs
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.98K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-228.83K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$15.50K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$615.00K	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$82.00K	USD	3 Qtrs
Repayment of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$15.52K	USD	3 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	3 Qtrs
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$297.10K	USD	3 Qtrs
Repayment of promissory notes	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Repayment of promissory notes	`RepaymentsOfNotesPayable`	$25.00K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-20.00	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.90K	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 Qtrs
Net decrease in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-17.93K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$23.59K	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
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.66K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$113.80K	USD	3 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$62.10K	USD	3 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	-	USD	3 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$429.15K	USD	3 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	-	USD	3 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$351.62K	USD	3 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-10.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$270.32K	USD	1 Quarter
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$780.76K	USD	3 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$1.57K	USD	1 Quarter
Fair value of warrants	`FairValueOfWarrants`	$4.72K	USD	3 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$1.57K	USD	1 Quarter
Fair value of warrants	`FairValueOfWarrants`	$4.20K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-717.32K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$30.70K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-280.16K	USD	1 Quarter
Balance	`StockholdersEquity`	$-8.68M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time

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