10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001214782-13-000336`
Period End Date	20130630
Filing Date	20130814
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	imsi-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 76 Cash Flow Statement 50

Balance Sheet 48 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
Cash	`Cash`	$808.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	39.73M	shares	Point-in-time
Cash	`Cash`	$1.26K	USD	Point-in-time
Cash	`Cash`	$995.00	USD	Point-in-time
Cash	`Cash`	$16.51K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.64M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.17K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	39.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$116.46K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.89K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$42.89K	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$99.09K	USD	Point-in-time
Total assets	`Assets`	$42.89K	USD	Point-in-time
Total assets	`Assets`	$226.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$23.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.34K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$176.42K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$280.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$185.97K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$281.23K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$267.40K	USD	Point-in-time
Advance on bridge financing	`BridgeLoan`	$50.00K	USD	Point-in-time
Advance on bridge financing	`BridgeLoan`	-	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$703.05K	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, 39,734,621 shares issued and outstanding (24,637,893 at December 31, 2012)	`CommonStockValue`	$39.73K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 39,734,621 shares issued and outstanding (24,637,893 at December 31, 2012)	`CommonStockValue`	$24.64K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$770.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$863.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.56M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-660.16K	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`	$42.89K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	-	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	-	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	-	USD	2 Qtrs
Costs of revenue	`CostOfRevenue`	-	USD	2 Qtrs
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	2 Qtrs
Gross loss	`GrossProfit`	-	USD	2 Qtrs
General and administrative:	`GeneralAndAdministrativeExpense`	$127.91K	USD	2 Qtrs
General and administrative:	`GeneralAndAdministrativeExpense`	$178.99K	USD	2 Qtrs
General and administrative:	`GeneralAndAdministrativeExpense`	$61.58K	USD	1 Quarter
General and administrative:	`GeneralAndAdministrativeExpense`	$103.11K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-178.99K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-103.11K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-61.58K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-127.91K	USD	2 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	2 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$101.06K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.19K	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.63K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.99K	USD	2 Qtrs
[OtherExpenses]	`OtherExpenses`	$9.63K	USD	1 Quarter
[OtherExpenses]	`OtherExpenses`	$109.06K	USD	1 Quarter
[OtherExpenses]	`OtherExpenses`	$120.00K	USD	2 Qtrs
[OtherExpenses]	`OtherExpenses`	$20.19K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-199.18K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-170.64K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-247.90K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-112.75K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-170.64K	USD	1 Quarter
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-247.90K	USD	2 Qtrs
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-112.75K	USD	1 Quarter
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-199.18K	USD	2 Qtrs
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	$-3.84K	USD	2 Qtrs
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	2 Qtrs
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	1 Quarter
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	1 Quarter
Net income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$9.69K	USD	1 Quarter
Net income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$19.17K	USD	2 Qtrs
Net income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	1 Quarter
Net income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$17.41K	USD	2 Qtrs
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	2 Qtrs
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$9.69K	USD	1 Quarter
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$17.41K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-160.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-112.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-230.49K	USD	2 Qtrs
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Net income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Net income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	29.72M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.12M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.31M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	33.87M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-230.49K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-176.17K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-112.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-160.95K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	2 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$9.69K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$17.41K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.90K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$11.80K	USD	2 Qtrs
Change in fair value of notes	`ChangeInFairValueOfNotesPayable`	-	USD	2 Qtrs
Change in fair value of notes	`ChangeInFairValueOfNotesPayable`	$101.06K	USD	1 Quarter
Change in fair value of notes	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Change in fair value of notes	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.71K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.51K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.93K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$101.02K	USD	2 Qtrs
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-113.56K	USD	2 Qtrs
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-96.08K	USD	2 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$58.85K	USD	2 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$7.65K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-88.42K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.71K	USD	2 Qtrs
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$74.00K	USD	2 Qtrs
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$74.00K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Advance on bridge financing, net	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Advance on bridge financing, net	`ProceedsFromShortTermDebt`	$43.50K	USD	2 Qtrs
Net (repayments) borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$44.89K	USD	2 Qtrs
Net (repayments) borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-13.83K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.67K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.89K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$15.25K	USD	2 Qtrs
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$187.00	USD	2 Qtrs
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`	$995.00	USD	Point-in-time
Cash - beginning of period	`Cash`	$16.51K	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`	$995.00	USD	Point-in-time
Cash - end of period	`Cash`	$16.51K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$2.20K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$3.80K	USD	2 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$16.95K	USD	2 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$95.77K	USD	2 Qtrs

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