10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-066241`
Period End Date	20230630
Filing Date	20230811
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_americanbattery_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 52 Cash Flow Statement 50 Stockholders Equity 22

Balance Sheet 63 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$209.15K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$42.58K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$62.72K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.17K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	50,000.00	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
Total current assets	`AssetsCurrent`	$330.32K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	50,000.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$105.30K	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, 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
Mineral claims	`MineralPropertiesNet`	$206.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.36B	shares	Point-in-time
Total assets	`Assets`	$536.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.25B	shares	Point-in-time
Total assets	`Assets`	$205.30K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.25B	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.36B	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$438.67K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$312.89K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$482.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$343.28K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$190.90K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$176.44K	USD	Point-in-time
Promissory notes payable	`PromissoryNotePayable`	$182.01K	USD	Point-in-time
Promissory notes payable	`PromissoryNotePayable`	$175.00K	USD	Point-in-time
Promissory notes payable related party	`PromissoryNotesPayableRelatedParty`	$175.00K	USD	Point-in-time
Promissory notes payable related party	`PromissoryNotesPayableRelatedParty`	$175.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$1.55M	USD	Point-in-time
Convertible notes payable related party	`ConvertibleNotesPayableRelatedParty`	-	USD	Point-in-time
Convertible notes payable related party	`ConvertibleNotesPayableRelatedParty`	$25.00K	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`	$2.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.79M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.51M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 50,000 shares issued and outstanding	`PreferredStockValue`	$5.00	USD	Point-in-time
Preferred stock, $0.001 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, 3,356,826,839 and 3,245,556,528 shares issued and outstanding, respectively	`CommonStockValue`	$3.36M	USD	Point-in-time
Common stock, $0.001 par value, 4,500,000,000 shares authorized, 3,356,826,839 and 3,245,556,528 shares issued and outstanding, respectively	`CommonStockValue`	$3.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$13.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.37M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-17.85M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.26M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$536.32K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$205.30K	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per share Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted average common shares diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.30B	shares	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$364.19K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$490.26K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.54M	USD	2 Qtrs
Weighted average common shares diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	3.33B	shares	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.09M	USD	1 Quarter
Weighted average common shares diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	385.57M	shares	1 Quarter
Weighted average common shares diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	380.22M	shares	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$364.19K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.54M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$490.26K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.54M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-364.19K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-490.26K	USD	2 Qtrs
Gain on change in fair value of derivative liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	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`	$67.98K	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-173.76K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-37.06K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-47.22K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-362.81K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$20.77K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-151.46K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-37.06K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-173.76K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.52M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.13M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-537.95K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-641.72K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.52M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-537.95K	USD	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	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	1 Quarter
Net loss per share basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Weighted average common shares basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	3.30B	shares	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`	3.33B	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-537.95K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$525.00	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$373.65K	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on settlement of liabilities	`GainsLossesOnExtinguishmentOfDebt`	$67.98K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	$211.34K	USD	2 Qtrs
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	1 Quarter
Gain on change in fair value of debt and warrant liabilities	`GainLossOnDerivativeInstrumentsNetPretax`	-	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$58.45K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$127.74K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-265.38K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$121.33K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-348.07K	USD	2 Qtrs
Accrued interest	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-46.52K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.49M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-510.87K	USD	2 Qtrs
Acquisition of mineral claims	`PaymentsToAcquireMineralRights`	-	USD	2 Qtrs
Acquisition of mineral claims	`PaymentsToAcquireMineralRights`	$106.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-106.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$590.00K	USD	2 Qtrs
Proceeds from convertible notes	`ProceedsFromConvertibleDebt`	$1.57M	USD	2 Qtrs
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Proceeds from warrant exercises	`ProceedsFromWarrantExercises`	$189.00K	USD	2 Qtrs
Repayments of convertible notes	`RepaymentsOfNotesPayable`	$75.00K	USD	2 Qtrs
Repayments of convertible notes	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$515.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.76M	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$166.57K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.13K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$209.15K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.58K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.29K	USD	Point-in-time
Cash, beginning 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`	$12.42K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$209.15K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$42.58K	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableAndAccruedPayableExchangedForConvertibleNote`	-	USD	2 Qtrs
Accounts payable and accrued payable exchanged for convertible note	`AccountsPayableAndAccruedPayableExchangedForConvertibleNote`	$15.00K	USD	2 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	$48.80K	USD	2 Qtrs
Convertible notes converted to common stock	`ConvertibleNotesConvertedToCommonStock`	-	USD	2 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestOnConvertibleNotesConvertedToCommonStock`	-	USD	2 Qtrs
Accrued interest on convertible notes converted to common stock	`AccruedInterestOnConvertibleNotesConvertedToCommonStock`	$140.40K	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time
Shares issued for note conversion	`StockIssuedDuringPeriodValueConversionOfUnits`	$189.20K	USD	2 Qtrs
Fair value of warrants	`FairValueOfWarrants`	$525.00	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$373.65K	USD	2 Qtrs
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$373.65K	USD	1 Quarter
Shares issued for warrant exercise	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$189.00K	USD	2 Qtrs
Shares issued for warrant exercise	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-641.72K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.13M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-537.95K	USD	1 Quarter
Balance	`StockholdersEquity`	$-8.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.49M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.26M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$-9.04M	USD	Point-in-time

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