10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-016728`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2021_boxscorebrands_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 34 Cash Flow Statement 59 Stockholders Equity 13

Balance Sheet 59 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`	$8.29K	USD	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`	$1.76K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	75.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	335.78M	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
Total current assets	`AssetsCurrent`	$10.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$33.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	335.78M	shares	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	-	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentOther`	$61.60K	USD	Point-in-time
Mineral claims	`MineralPropertiesNet`	-	USD	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Total assets	`Assets`	$94.97K	USD	Point-in-time
Total assets	`Assets`	$110.05K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$303.25K	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`	$348.22K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.72M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.10M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$95.80K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$402.70K	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	`ConvertibleNotesPayableCurrent`	$4.77M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.66M	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$36.25K	USD	Point-in-time
Current capital lease obligation	`CapitalLeaseObligationCurrent`	$146.73K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.03M	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`	$481.35K	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$915.00K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	$34.89K	USD	Point-in-time
Capital lease obligation	`CapitalLeaseObligationNoncurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$211.34K	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`	$1.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.87M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.15M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 335,778,778 and 75,828,064 shares issued and outstanding, respectively	`CommonStockValue`	$335.78K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 335,778,778 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`	$6.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.37M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$94.97K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$110.05K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$393.38K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$245.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$245.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$393.38K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-245.81K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-393.38K	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-3.07M	USD	Annual
Gain (loss) on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$2.87M	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$62.09K	USD	Annual
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$11.00K	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on sale of assets	`GainLossOnDispositionOfAssets1`	$-12.07K	USD	Annual
Write-off of assets	`WriteoffOfAssets`	$-17.50K	USD	Annual
Write-off of assets	`WriteoffOfAssets`	-	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`	-	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-760.66K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-611.29K	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$-3.69M	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$2.16M	USD	Annual
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.93M	USD	Annual
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.76M	USD	Annual
Provision for income taxes	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	Annual
Provision for income taxes	`OtherIncomeTaxExpenseBenefitContinuingOperations`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-3.93M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$1.76M	USD	Annual
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	Annual
Net income (loss) per share basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.09	USD	Annual
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	Annual
Net income (loss) per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	$-0.09	USD	Annual
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.94M	shares	Annual
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	210.48M	shares	Annual
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	41.94M	shares	Annual
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	374.39M	shares	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.76M	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.93M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$5.77K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$6.30K	USD	Annual
Amortization and accretion of debt discount and deferred financing costs	`AmortizationOfFinancingCosts`	-	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`	$62.09K	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-3.07M	USD	Annual
(Gain) loss on change in fair value of derivative liabilities	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$2.87M	USD	Annual
Loss on sale of assets	`GainLossOnSaleOfInvestments`	$-12.07K	USD	Annual
Loss on sale of assets	`GainLossOnSaleOfInvestments`	-	USD	Annual
Write-off of assets	`WriteoffOfAssets`	$-17.50K	USD	Annual
Write-off of assets	`WriteoffOfAssets`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$283.43K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.92K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-595.00K	USD	Annual
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-714.38K	USD	Annual
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	$67.02K	USD	Annual
Other amounts due to related parties	`IncreaseDecreaseInAccountsReceivableRelatedParties`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-392.44K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.39K	USD	Annual
Acquisition of mineral claims	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$100.00K	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$18.00K	USD	Annual
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$885.00K	USD	Annual
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$76.50K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$15.52K	USD	Annual
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$82.00K	USD	Annual
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	$300.85K	USD	Annual
Repayment of convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$25.00K	USD	Annual
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$15.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$477.15K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.98K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-15.29K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$23.59K	USD	Annual
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$228.95K	USD	Annual
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableExchangedForConvertibleNote`	$94.60K	USD	Annual
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$589.15K	USD	Annual
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$118.01K	USD	Annual
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	-	USD	Annual
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$372.80K	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$961.95K	USD	Annual
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$118.01K	USD	Annual
Shares issued for note conversion (in Shares)	`DebtConversionConvertedInstrumentSharesIssued1`	23.16M	shares	Annual
Vesting of warrants	`VestingOfWarrants`	$5.77K	USD	Annual
Vesting of warrants	`VestingOfWarrants`	$6.30K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-3.93M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.76M	USD	Annual
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-7.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time

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