10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001432093-11-000725`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	imsi-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 64 Cash Flow Statement 50

Balance Sheet 52 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`	$13.64K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	shares	Point-in-time
Cash	`Cash`	$21.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.32M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$23.45K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$24.75K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.32M	shares	Point-in-time
Inventory	`InventoryNet`	$125.62K	USD	Point-in-time
Inventory	`InventoryNet`	$134.17K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$38.32K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$3.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$202.32K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.86K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.28K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.62K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$148.75K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$164.80K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Goodwill	`Goodwill`	$19.42K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.35K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.45K	USD	Point-in-time
Total assets	`Assets`	$394.51K	USD	Point-in-time
Total assets	`Assets`	$356.76K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$67.03K	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$34.85K	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$68.03K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$90.05K	USD	Point-in-time
Revolving note from related party	`DueToRelatedPartiesCurrent`	$211.87K	USD	Point-in-time
Revolving note from related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$436.98K	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 sharesauthorized, 23,821,000 shares issued and outstanding (21,321,000 - December 31, 2010)	`CommonStockValue`	$21.32K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 sharesauthorized, 23,821,000 shares issued and outstanding (21,321,000 - December 31, 2010)	`CommonStockValue`	$23.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$677.97K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$423.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-744.25K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-393.54K	USD	Point-in-time
Total stockholders' (deficiency) equity	`StockholdersEquity`	$-42.46K	USD	Point-in-time
Total stockholders' (deficiency) equity	`StockholdersEquity`	$51.46K	USD	Point-in-time
Total liabilities and stockholders' (deficiency) equity	`LiabilitiesAndStockholdersEquity`	$394.51K	USD	Point-in-time
Total liabilities and stockholders' (deficiency) equity	`LiabilitiesAndStockholdersEquity`	$356.76K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$415.75K	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$415.72K	USD	3 Qtrs
Revenue	`SalesRevenueNet`	$131.97K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$138.83K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$79.71K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$78.99K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$214.28K	USD	3 Qtrs
Costs of revenue	`CostOfRevenue`	$213.48K	USD	3 Qtrs
Gross profit	`GrossProfit`	$201.43K	USD	3 Qtrs
Gross profit	`GrossProfit`	$52.26K	USD	1 Quarter
Gross profit	`GrossProfit`	$202.27K	USD	3 Qtrs
Gross profit	`GrossProfit`	$59.84K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$157.68K	USD	3 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$133.06K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$54.58K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$271.98K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$8.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$42.96K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$107.00K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$35.08K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$109.19K	USD	3 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$119.79K	USD	3 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$37.32K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$35.01K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$124.67K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$434.74K	USD	3 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$373.86K	USD	3 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$179.14K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$66.55K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$25.27K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$22.66K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$76.87K	USD	3 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$440.42K	USD	3 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$204.41K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$511.61K	USD	3 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$147.33K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-144.57K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-309.33K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-95.08K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-238.98K	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$30.05K	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$30.05K	USD	1 Quarter
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$11.33K	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.61K	USD	3 Qtrs
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	$-16.02K	USD	3 Qtrs
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	$-16.02K	USD	1 Quarter
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	1 Quarter
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-178.73K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-258.61K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-113.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-350.71K	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	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	3 Qtrs
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.13M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.50M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	20.50M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.82M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-113.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-350.71K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-258.61K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-178.73K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.22K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.41K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$6.79K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets`	$16.02K	USD	3 Qtrs
Loss on sale of assets	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$30.05K	USD	1 Quarter
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$30.05K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.77K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.30K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$8.56K	USD	3 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-6.95K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-37.36K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.50K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$76.02K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.95K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.04K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-298.62K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.94K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	3 Qtrs
Purchase of software development costs	`PaymentsForSoftware`	$28.80K	USD	3 Qtrs
Purchase of software development costs	`PaymentsForSoftware`	-	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.94K	USD	3 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.80K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	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`	$9.69K	USD	3 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$142.68K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$319.69K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$142.68K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.73K	USD	3 Qtrs
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-422.00	USD	3 Qtrs
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.64K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.78K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.36K	USD	Point-in-time
Cash - end 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`	$7.78K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.36K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	3 Qtrs

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