10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-039230`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	f10q0323_americanbtry_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 28 Cash Flow Statement 49 Stockholders Equity 14

Balance Sheet 61 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	50,000.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$42.58K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	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`	50,000.00	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.57K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.72K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	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
Other receivables	`OtherReceivablesNetCurrent`	$400.00K	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
Total current assets	`AssetsCurrent`	$1.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$105.30K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.25B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.30B	shares	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.30B	shares	Point-in-time
Mineral claims	`MineralPropertiesNet`	$100.00K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.25B	shares	Point-in-time
Total assets	`Assets`	$205.30K	USD	Point-in-time
Total assets	`Assets`	$1.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$484.12K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$438.67K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$514.84K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$482.88K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$190.90K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$139.38K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$357.01K	USD	Point-in-time
Promissory notes payable	`OtherNotesPayableCurrent`	$350.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.50M	USD	Point-in-time
Convertible notes payable related party	`ConvertibleNotesPayableRelatedParty`	$25.00K	USD	Point-in-time
Convertible notes payable related party	`ConvertibleNotesPayableRelatedParty`	-	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`	$3.05M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.05M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.51M	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 50,000 shares issued and outstanding	`PreferredStockValue`	$5.00	USD	Point-in-time
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 50,000 shares issued and outstanding	`PreferredStockValue`	$5.00	USD	Point-in-time
Common stock, $0.001 par value, 4,500,000,000 shares authorized, 3,297,989,498 and 3,245,556,528 shares issued and outstanding, respectively	`CommonStockValue`	$3.30M	USD	Point-in-time
Common stock, $0.001 par value, 4,500,000,000 shares authorized, 3,297,989,498 and 3,245,556,528 shares issued and outstanding, respectively	`CommonStockValue`	$3.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.45M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.85M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.24M	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`	$-1.30M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$1.55M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$205.30K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$446.48K	USD	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.27B	shares	1 Quarter
Weighted average common shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	374.81M	shares	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$126.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$446.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$126.07K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-446.48K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-126.07K	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$211.34K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$67.98K	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-189.05K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-10.15K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$22.30K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$57.83K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-388.65K	USD	1 Quarter
Loss from operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-103.77K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-103.77K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-388.65K	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per share basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.27B	shares	1 Quarter
Weighted average common shares outstanding basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	374.81M	shares	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-103.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-388.65K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$525.00	USD	1 Quarter
Gain on settlement of debt	`GainOnSettlementOfDebt`	$67.98K	USD	1 Quarter
Gain on change in fair value derivative liabilities	`DerivativeGainLossOnDerivativeNet`	-	USD	1 Quarter
Gain on change in fair value derivative liabilities	`DerivativeGainLossOnDerivativeNet`	$211.34K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-52.14K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$77.42K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.43K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-175.02K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-9.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-317.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-123.15K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$300.00K	USD	1 Quarter
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$1.10M	USD	1 Quarter
Proceeds from convertible notes related party	`ProceedsFromRelatedPartyDebt`	$25.00K	USD	1 Quarter
Proceeds from convertible notes related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	$189.00K	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Repayments of promissory notes	`RepaymentsOfNotesPayable`	$75.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.31M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$225.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$996.39K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$101.85K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.58K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.14K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.04M	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.58K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$110.14K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.04M	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	-	USD	1 Quarter
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableAndAccruedExpensesExchangedForConvertibleNote`	$7.50K	USD	1 Quarter
Receivable for convertible notes	`ReceivableForConvertibleNotes`	-	USD	1 Quarter
Receivable for convertible notes	`ReceivableForConvertibleNotes`	$400.00K	USD	1 Quarter
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	-	USD	1 Quarter
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	$2.70K	USD	1 Quarter
Convertible notes converted to common stock	`NotesIssued1`	$48.80K	USD	1 Quarter
Convertible notes converted to common stock	`NotesIssued1`	-	USD	1 Quarter
Accrued interest on convertible notes converted to common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	1 Quarter
Accrued interest on convertible notes converted to common stock	`DebtConversionConvertedInstrumentAmount1`	$140.40K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$189.20K	USD	1 Quarter
Fair value of vested warrants	`FairValueOfWarrants`	$525.00	USD	1 Quarter
Shares issued for cash exercise of warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$189.00K	USD	1 Quarter
Shares issued for cashless exercise of warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-103.77K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-388.65K	USD	1 Quarter

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