10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001432093-12-000199`
Period End Date	20111231
Filing Date	20120330
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	imsi-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 11

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
Common stock, shares issued	`CommonStockSharesIssued`	21.32M	shares	Point-in-time
Cash	`Cash`	$21.37K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	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	`AccountsReceivableNetCurrent`	$23.45K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.34K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.32M	shares	Point-in-time
Inventory	`InventoryNet`	$115.95K	USD	Point-in-time
Inventory	`InventoryNet`	$134.17K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.46K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.87K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$182.86K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.45K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.61K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.28K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$148.75K	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`	$2.45K	USD	Point-in-time
Total assets	`Assets`	$356.76K	USD	Point-in-time
Total assets	`Assets`	$350.70K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$67.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.25K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$223.22K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$385.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.52K	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`	$214.49K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$597.00	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$1.07K	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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 - 2010)	`CommonStockValue`	$21.32K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 23,821,000 shares issued and outstanding (21,321,000 - 2010)	`CommonStockValue`	$23.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$685.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$423.68K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-393.54K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-959.98K	USD	Point-in-time
Total stockholders' (deficiency) equity	`StockholdersEquity`	$51.46K	USD	Point-in-time
Total stockholders' (deficiency) equity	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total liabilities and stockholders' (deficiency) equity	`LiabilitiesAndStockholdersEquity`	$356.76K	USD	Point-in-time
Total liabilities and stockholders' (deficiency) equity	`LiabilitiesAndStockholdersEquity`	$350.70K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$554.93K	USD	Annual
Revenue	`SalesRevenueNet`	$554.66K	USD	Annual
Costs of revenue	`CostOfRevenue`	$294.95K	USD	Annual
Costs of revenue	`CostOfRevenue`	$292.57K	USD	Annual
Gross profit	`GrossProfit`	$259.71K	USD	Annual
Gross profit	`GrossProfit`	$262.36K	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$204.58K	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$357.31K	USD	Annual
Professional fees	`ProfessionalFees`	$116.84K	USD	Annual
Professional fees	`ProfessionalFees`	$55.10K	USD	Annual
Other	`OtherGeneralAndAdministrativeExpense`	$204.12K	USD	Annual
Other	`OtherGeneralAndAdministrativeExpense`	$143.84K	USD	Annual
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$465.26K	USD	Annual
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$616.53K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$109.82K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$87.71K	USD	Annual
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$726.35K	USD	Annual
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$552.97K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-463.99K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-293.26K	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`	-	USD	Annual
Interest expense	`InterestExpense`	$17.55K	USD	Annual
Interest expense	`InterestExpense`	$7.31K	USD	Annual
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	$-16.02K	USD	Annual
Loss from sale of assets	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-316.58K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-562.26K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$4.18K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$2.79K	USD	Annual
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-319.37K	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`	20.51M	shares	Annual
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.31M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-319.37K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.69K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.87K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$14.14K	USD	Annual
Deferred tax liability	`DeferredIncomeTaxExpenseBenefit`	$469.00	USD	Annual
Deferred tax liability	`DeferredIncomeTaxExpenseBenefit`	$597.00	USD	Annual
Loss from sale of assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Loss from sale of assets	`GainLossOnDispositionOfAssets`	$16.02K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$80.72K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.80K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.89K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$18.22K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-43.34K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.63K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.06K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$66.08K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.25K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-386.28K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-249.60K	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.94K	USD	Annual
Purchase of software development costs	`PaymentsForSoftware`	$38.20K	USD	Annual
Purchase of software development costs	`PaymentsForSoftware`	-	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.94K	USD	Annual
Net cash (used) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.20K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$82.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	Annual
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	$142.50K	USD	Annual
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$178.26K	USD	Annual
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$12.30K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$404.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.26K	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.60K	USD	Annual
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.68K	USD	Annual
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.78K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$7.78K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$1.90K	USD	Annual

Stockholders Equity 11 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`	$288.83K	USD	Point-in-time
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	Annual
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$82.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.14K	USD	Annual
Net loss	`NetIncomeLoss`	$-566.44K	USD	Annual
Net loss	`NetIncomeLoss`	$-319.37K	USD	Annual
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-250.84K	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$51.46K	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$288.83K	USD	Point-in-time

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