10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-074161`
Period End Date	20220930
Filing Date	20221121
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	f10q0922_boxscore_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 56 Cash Flow Statement 56 Stockholders Equity 25

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.29K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$52.95K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.76K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$89.86K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	50,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	50,000.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.05K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$142.81K	USD	Point-in-time
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`	4.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	4.50B	shares	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	385.57M	shares	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	335.78M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	385.57M	shares	Point-in-time
Total assets	`Assets`	$242.81K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	335.78M	shares	Point-in-time
Total assets	`Assets`	$110.05K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$303.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$386.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$489.04K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$348.22K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.40M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.10M	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$75.00K	USD	Point-in-time
Senior convertible notes	`SeniorNotesCurrent`	$95.80K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$473.27K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$503.27K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$4.66M	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$5.82M	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`	$8.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.71M	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$915.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleDebtNoncurrent`	$470.00K	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$211.34K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$1.13M	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$470.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.15M	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.18M	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 50,000 and 0 shares issued and outstanding, respectively	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 50,000 and 0 shares issued and outstanding, respectively	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.001 par value, 4,500,000,000 shares authorized, 385,568,143 and 335,778,778 shares issued and outstanding, respectively	`CommonStockValue`	$335.78K	USD	Point-in-time
Common stock, $0.001 par value, 4,500,000,000 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`	$7.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.52M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.37M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.94M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-10.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-11.77M	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 liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$110.05K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$242.81K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$822.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$331.74K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$256.90K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$83.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$256.90K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$822.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$331.74K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$83.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-822.00K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-256.90K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-83.25K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-331.74K	USD	1 Quarter
Gain (loss) on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$-211.34K	USD	3 Qtrs
Gain (loss) on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	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`	$1.24M	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-62.09K	USD	3 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$-30.77K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$537.94K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$175.13K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$240.92K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$645.88K	USD	3 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$1.45M	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$175.13K	USD	1 Quarter
Total other expenses (income)	`NonoperatingIncomeExpense`	$-287.60K	USD	3 Qtrs
Total other expenses (income)	`NonoperatingIncomeExpense`	$326.59K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.15M	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-506.87K	USD	1 Quarter
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$30.70K	USD	3 Qtrs
Income (loss) from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.54M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$30.70K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-506.87K	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	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`	-	USD	3 Qtrs
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	3 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	3 Qtrs
Net loss per share diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	179.19M	shares	3 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	382.02M	shares	3 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	174.84M	shares	1 Quarter
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	385.57M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	382.02M	shares	3 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	385.57M	shares	1 Quarter
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	340.83M	shares	3 Qtrs
Weighted average common shares diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	174.84M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$30.70K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-506.87K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$11.08K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$4.72K	USD	3 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	$62.09K	USD	3 Qtrs
Gain on settlement of liabilities	`GainLossRelatedToLitigationSettlement`	-	USD	3 Qtrs
Gain on change in fair value of debt and warrant liabilities	`DerivativeGainLossOnDerivativeNet`	$871.39K	USD	3 Qtrs
Gain on change in fair value of debt and warrant liabilities	`DerivativeGainLossOnDerivativeNet`	$211.34K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.17K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$88.10K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.05K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$241.12K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-475.49K	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-638.34K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-720.34K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-228.83K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$615.00K	USD	3 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$590.00K	USD	3 Qtrs
Proceeds from promissory notes	`ProceedsFromNotesPayable`	$200.00K	USD	3 Qtrs
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$50.00K	USD	3 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$82.00K	USD	3 Qtrs
Repayments of capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	3 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$297.10K	USD	3 Qtrs
Repayment of convertible note	`RepaymentsOfConvertibleDebt`	$75.00K	USD	3 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$25.00K	USD	3 Qtrs
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$765.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$210.90K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-17.93K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$44.66K	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.66K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.95K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$23.59K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$52.95K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.66K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	3 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	-	USD	3 Qtrs
Accounts payable and accrued expenses exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	$62.10K	USD	3 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$429.15K	USD	3 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$48.80K	USD	3 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$140.40K	USD	3 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestExchangedIntoConvertibleNotes`	$351.62K	USD	3 Qtrs
Promissory notes converted to convertible notes	`NotesIssued1`	-	USD	3 Qtrs
Promissory notes converted to convertible notes	`NotesIssued1`	$170.00K	USD	3 Qtrs
Accrued interest on promissory notes converted to convertible notes	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Accrued interest on promissory notes converted to convertible notes	`DebtConversionConvertedInstrumentAmount1`	$57.37K	USD	3 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-9.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.69M	USD	Point-in-time
Preferred stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	1 Quarter
Preferred stock issued for cash	`StockIssuedDuringPeriodValueNewIssues`	$50.00K	USD	3 Qtrs
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$780.76K	USD	3 Qtrs
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$189.20K	USD	3 Qtrs
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$270.32K	USD	1 Quarter
Fair value of warrants	`FairValueOfWarrants`	$10.55K	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`	$11.08K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.15M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.54M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$30.70K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-506.87K	USD	1 Quarter
Balance	`StockholdersEquity`	$-9.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$-10.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-11.77M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.49M	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.