10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001214782-13-000178`
Period End Date	20121231
Filing Date	20130415
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	imsi-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 48 Cash Flow Statement 47 Stockholders Equity 27

Balance Sheet 53 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
Common stock, shares issued	`CommonStockSharesIssued`	24.64M	shares	Point-in-time
Cash	`Cash`	$808.00	USD	Point-in-time
Cash	`Cash`	$1.26K	USD	Point-in-time
Cash	`Cash`	$21.37K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.46K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.17K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$148.17K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$116.46K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.89K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$38.20K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$3.48K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$153.57K	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$99.09K	USD	Point-in-time
Total assets	`Assets`	$226.98K	USD	Point-in-time
Total assets	`Assets`	$350.70K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.34K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$26.35K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$280.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$223.22K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$281.23K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.91K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$113.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.54K	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`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,637,893 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$24.64K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,637,893 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$23.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$770.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$685.32K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-959.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-591.56K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$226.98K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$350.70K	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$19.65K	USD	Annual
Revenue	`SalesRevenueNet`	-	USD	Annual
Costs of revenue	`CostOfRevenue`	$24.00K	USD	Annual
Costs of revenue	`CostOfRevenue`	-	USD	Annual
Gross loss	`GrossProfit`	$-4.36K	USD	Annual
Gross loss	`GrossProfit`	-	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$270.09K	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$73.72K	USD	Annual
Professional fees	`ProfessionalFees`	$47.22K	USD	Annual
Professional fees	`ProfessionalFees`	$44.99K	USD	Annual
Other	`OtherGeneralAndAdministrativeExpense`	$120.34K	USD	Annual
Other	`OtherGeneralAndAdministrativeExpense`	$145.38K	USD	Annual
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$460.46K	USD	Annual
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$241.28K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$16.45K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$1.23K	USD	Annual
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$242.51K	USD	Annual
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$476.91K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-481.26K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-242.51K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$80.72K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	Annual
Interest expense	`InterestExpense`	$37.44K	USD	Annual
Interest expense	`InterestExpense`	$17.55K	USD	Annual
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-142.45K	USD	Annual
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-98.27K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-384.95K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-579.54K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$4.18K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$4.18K	USD	Annual
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-389.14K	USD	Annual
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-583.72K	USD	Annual
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-2.86K	USD	Annual
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$17.27K	USD	Annual
Write-down of assets associated with a discontinued component, net of income tax effect	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-35.00K	USD	Annual
Write-down of assets associated with a discontinued component, net of income tax effect	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	Annual
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$17.27K	USD	Annual
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-37.86K	USD	Annual
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.31M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.31M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Loss (income) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$17.27K	USD	Annual
Loss (income) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-37.86K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$14.14K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$24.80K	USD	Annual
Deferred tax liability	`DeferredIncomeTaxExpenseBenefit`	$469.00	USD	Annual
Deferred tax liability	`DeferredIncomeTaxExpenseBenefit`	$541.00	USD	Annual
Impairment of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$38.20K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$80.72K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.63K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.71K	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	Annual
Other assets	`IncreaseDecreaseInOtherCurrentAssets`	$3.48K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.42K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.41K	USD	Annual
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-167.41K	USD	Annual
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-473.60K	USD	Annual
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$86.43K	USD	Annual
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$90.62K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-387.17K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-76.78K	USD	Annual
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	$-38.20K	USD	Annual
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.20K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.50K	USD	Annual
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$12.30K	USD	Annual
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$66.74K	USD	Annual
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	$142.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$404.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$77.24K	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$454.00	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-20.56K	USD	Annual
Cash - beginning of period	`Cash`	$808.00	USD	Point-in-time
Cash - beginning of period	`Cash`	$1.26K	USD	Point-in-time
Cash - beginning of period	`Cash`	$21.37K	USD	Point-in-time
Cash - end of period	`Cash`	$808.00	USD	Point-in-time
Cash - end of period	`Cash`	$1.26K	USD	Point-in-time
Cash - end of period	`Cash`	$21.37K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$3.40K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	Annual
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	-	USD	Annual
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$50.99K	USD	Annual

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-250.84K	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.46K	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-591.56K	USD	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$5.00K	USD	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$10.50K	USD	Annual
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	Annual
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$5.00K	USD	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$500.00	USD	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	50,000.00	shares	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	100,000.00	shares	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	2.50M	shares	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	50,000.00	shares	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.14K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.80K	USD	Annual
Shares issued upon conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$277.91K	USD	Point-in-time
Shares issued upon conversion of convertible notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.99K	USD	Annual
Shares issued upon conversion of convertible notes	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	31,250.00	shares	Point-in-time
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-250.84K	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.46K	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-591.56K	USD	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Ending balance, shares	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time

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