10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-049051`
Period End Date	20220630
Filing Date	20220817
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0622_boxscore_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 56 Cash Flow Statement 48 Stockholders Equity 22

Balance Sheet 56 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`	$8.29K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.42K	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
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$129.51K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	385.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	335.78M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$141.92K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.05K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	385.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	335.78M	shares	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Total assets	`Assets`	$110.05K	USD	Point-in-time
Total assets	`Assets`	$241.92K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$303.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$320.62K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$348.22K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$437.18K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.10M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.31M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$95.80K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$75.00K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$473.27K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$473.27K	USD	Point-in-time
Convertible notes payable, current	`ConvertibleNotesPayableCurrent`	$5.51M	USD	Point-in-time
Convertible notes payable, current	`ConvertibleNotesPayableCurrent`	$4.66M	USD	Point-in-time
Current capital lease obligation	`CurrentCapitalLeaseObligation`	$36.25K	USD	Point-in-time
Current capital lease obligation	`CurrentCapitalLeaseObligation`	$36.25K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.03M	USD	Point-in-time
Convertible notes payable, non-current	`ConvertibleDebtNoncurrent`	$915.00K	USD	Point-in-time
Convertible notes payable, non-current	`ConvertibleDebtNoncurrent`	$570.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$211.34K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$570.00K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.74M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.15M	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 385,568,143 and 335,778,778 shares issued and outstanding, respectively	`CommonStockValue`	$335.78K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 385,568,143 and 335,778,778 shares issued and outstanding, respectively	`CommonStockValue`	$385.57K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.99M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.01M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$241.92K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$110.05K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$173.65K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$490.26K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$100.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$364.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$364.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$490.26K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$100.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$173.65K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-364.19K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-173.65K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-490.26K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-100.15K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$261.46K	USD	1 Quarter
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`	$211.34K	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$31.33K	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-404.96K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-362.81K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-209.07K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-173.76K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$1.74M	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$52.39K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-173.76K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-151.46K	USD	2 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.77K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.57M	USD	2 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-537.95K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-641.72K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	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
Net Income (Loss)	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-47.77K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-537.95K	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	$0.01	USD	2 Qtrs
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	380.22M	shares	2 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	385.57M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	174.84M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	137.53M	shares	2 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	385.57M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	380.22M	shares	2 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	299.24M	shares	2 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.84M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-47.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-537.95K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$3.15K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$525.00	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$31.33K	USD	2 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$211.34K	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$2.11M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$127.74K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.41K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$121.33K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-402.96K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-348.07K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-139.09K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-510.87K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$365.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromNotesPayable`	$590.00K	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	2 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$57.00K	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$167.50K	USD	2 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$75.00K	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$25.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$515.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$115.50K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-23.59K	USD	2 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.13K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.42K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.42K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	$15.00K	USD	2 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	$94.60K	USD	2 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$48.80K	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`	$140.40K	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`	$-9.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.95M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Shares issued for conversion of convertible note and accrued interest	`StockIssuedDuringPeriodValueConversionOfUnits`	$189.20K	USD	2 Qtrs
Shares issued for conversion of convertible note and accrued interest	`StockIssuedDuringPeriodValueConversionOfUnits`	$303.73K	USD	1 Quarter
Shares issued for conversion of convertible note and accrued interest	`StockIssuedDuringPeriodValueConversionOfUnits`	$510.44K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$3.15K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$525.00	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$1.57K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$1.57M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-47.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-537.95K	USD	1 Quarter

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