10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001432093-11-000527`
Period End Date	20110630
Filing Date	20110812
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	imsi-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 56 Cash Flow Statement 40

Balance Sheet 50 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`	$21.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.32M	shares	Point-in-time
Cash	`Cash`	$100.05K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.32M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$23.45K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$30.69K	USD	Point-in-time
Inventory	`InventoryNet`	$129.31K	USD	Point-in-time
Inventory	`InventoryNet`	$134.17K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$3.87K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$24.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$284.27K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.84K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.28K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$155.25K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$148.75K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.45K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.00K	USD	Point-in-time
Total assets	`Assets`	$356.76K	USD	Point-in-time
Total assets	`Assets`	$463.78K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.22K	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$60.30K	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$34.85K	USD	Point-in-time
Revolving note from related party	`DueToRelatedPartiesCurrent`	$212.77K	USD	Point-in-time
Revolving note from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$334.30K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.11K	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	$202.19K	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	-	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, 23,821,000 shares issued and outstanding (21,321,000 - December 31, 2010)	`CommonStockValue`	$23.82K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 23,821,000 shares issued and outstanding (21,321,000 - December 31, 2010)	`CommonStockValue`	$21.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$423.68K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$671.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-393.54K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-565.52K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$51.46K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$129.48K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$463.78K	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$356.76K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$134.07K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$276.92K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$136.70K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$283.75K	USD	2 Qtrs
Costs of revenue	`CostOfRevenue`	$134.57K	USD	2 Qtrs
Costs of revenue	`CostOfRevenue`	$62.08K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$134.49K	USD	2 Qtrs
Costs of revenue	`CostOfRevenue`	$56.93K	USD	1 Quarter
Gross profit	`GrossProfit`	$71.99K	USD	1 Quarter
Gross profit	`GrossProfit`	$79.77K	USD	1 Quarter
Gross profit	`GrossProfit`	$142.44K	USD	2 Qtrs
Gross profit	`GrossProfit`	$149.18K	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$46.85K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$101.76K	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$81.27K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$138.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$69.57K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$11.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$37.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$34.19K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$82.47K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$31.16K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$70.61K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$36.58K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$115.17K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$255.59K	USD	2 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$129.64K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$241.93K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$51.15K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$26.57K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$25.47K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$51.60K	USD	2 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$307.20K	USD	2 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$293.08K	USD	2 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$155.11K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$141.74K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-143.91K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-164.76K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-75.34K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-69.75K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.37K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$3.61K	USD	1 Quarter
Interest expense - related party	`InterestExpenseRelatedParty`	$1.37K	USD	2 Qtrs
Interest expense - related party	`InterestExpenseRelatedParty`	$7.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-71.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-145.28K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-171.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-78.95K	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.77M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.50M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.50M	shares	2 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.82M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-71.12K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-145.28K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-171.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-78.95K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.94K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$11.48K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.24K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.14K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.86K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-10.29K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.90K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.08K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.63K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.42K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.91K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-94.23K	USD	2 Qtrs
Purchase of software development costs	`PaymentsForSoftware`	$15.00K	USD	2 Qtrs
Purchase of software development costs	`PaymentsForSoftware`	-	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	2 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$10.58K	USD	2 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$86.46K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.58K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$86.46K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.78K	USD	2 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$78.68K	USD	2 Qtrs
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.78K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.05K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.78K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.05K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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