10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001214782-12-000093`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	imsi-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 64 Cash Flow Statement 52

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	shares	Point-in-time
Cash	`Cash`	$1.77K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.59M	shares	Point-in-time
Cash	`Cash`	$1.69K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$29.88K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$31.34K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.59M	shares	Point-in-time
Inventory	`InventoryNet`	$110.21K	USD	Point-in-time
Inventory	`InventoryNet`	$115.95K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.46K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.51K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$153.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$39.95K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.61K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$119.00K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$131.75K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.48K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$331.74K	USD	Point-in-time
Total assets	`Assets`	$350.70K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.34K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.37K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$108.78K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$67.40K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$277.65K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$280.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$223.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$806.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$385.99K	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	$214.49K	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.07K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.07K	USD	Point-in-time
Commitments and contingencies (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,587,893 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$23.82K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,587,893 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$24.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$685.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$764.39K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-959.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.27M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-476.12K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$331.74K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$350.70K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$120.53K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$380.16K	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$415.75K	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$138.83K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$200.18K	USD	3 Qtrs
Costs of revenue	`CostOfRevenue`	$213.48K	USD	3 Qtrs
Costs of revenue	`CostOfRevenue`	$78.99K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$64.30K	USD	1 Quarter
Gross profit	`GrossProfit`	$56.23K	USD	1 Quarter
Gross profit	`GrossProfit`	$202.27K	USD	3 Qtrs
Gross profit	`GrossProfit`	$179.98K	USD	3 Qtrs
Gross profit	`GrossProfit`	$59.84K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$271.98K	USD	3 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$99.46K	USD	3 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$133.06K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$32.22K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$42.96K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$10.33K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$50.33K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$8.77K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$37.32K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$119.79K	USD	3 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$53.85K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$135.96K	USD	3 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$179.14K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$434.74K	USD	3 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$285.75K	USD	3 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$96.40K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$76.87K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$67.39K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$25.27K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$22.49K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$118.89K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$511.61K	USD	3 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$204.41K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$353.14K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-309.33K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-144.57K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-173.16K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-62.66K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-30.05K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-30.05K	USD	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-105.01K	USD	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$11.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$4.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$26.95K	USD	3 Qtrs
Interest expense	`InterestExpense`	$11.33K	USD	3 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-11.96K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-131.96K	USD	3 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-41.38K	USD	3 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-34.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-350.71K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-74.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-178.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.11K	USD	3 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.22M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.40M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.82M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.13M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-178.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-305.11K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-74.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-350.71K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.41K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.41K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$18.85K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$6.79K	USD	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-105.01K	USD	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-30.05K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-30.05K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.45K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.30K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$5.74K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$8.56K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-37.36K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.05K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.48K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.14K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.95K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-298.62K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-73.08K	USD	3 Qtrs
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	-	USD	3 Qtrs
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	$-28.80K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.80K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	3 Qtrs
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	$60.00K	USD	3 Qtrs
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$63.16K	USD	3 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$9.69K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.16K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$319.69K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.73K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$78.00	USD	3 Qtrs
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.64K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.64K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.77K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Interest	`InterestPaid`	-	USD	3 Qtrs
Interest	`InterestPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$3.80K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	3 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	-	USD	3 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$50.99K	USD	3 Qtrs

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