10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001432093-12-000356`
Period End Date	20120331
Filing Date	20120514
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	imsi-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 32 Cash Flow Statement 38

Balance Sheet 54 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`	$1.69K	USD	Point-in-time
Cash	`Cash`	$1.24K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.21M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.34K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$27.57K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.21M	shares	Point-in-time
Inventory	`InventoryNet`	$115.95K	USD	Point-in-time
Inventory	`InventoryNet`	$114.53K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.29K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.46K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$147.63K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.39K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.61K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$131.75K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$127.50K	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`	$3.48K	USD	Point-in-time
Total assets	`Assets`	$350.70K	USD	Point-in-time
Total assets	`Assets`	$338.42K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$83.26K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$67.40K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$88.13K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$247.22K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$210.22K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$223.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$385.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$628.84K	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`	$1.07K	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,209,983 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$23.82K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,209,983 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$24.21K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$713.83K	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`	$-1.03M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-291.49K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$350.70K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$338.42K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$140.23K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$135.78K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$72.49K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$77.56K	USD	1 Quarter
Gross profit	`GrossProfit`	$63.29K	USD	1 Quarter
Gross profit	`GrossProfit`	$62.66K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$57.66K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$33.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$22.41K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$49.99K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$46.86K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$130.06K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$99.83K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$22.07K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$22.02K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$121.90K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$152.09K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-89.42K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-58.61K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$3.95K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$6.99K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.61K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-3.61K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-10.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-69.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-93.03K	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.71M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.94M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-69.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-93.03K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.47K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.47K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$6.95K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$3.95K	USD	1 Quarter
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.77K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-8.12K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$16.09K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$1.42K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.18K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.97K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$8.62K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.48K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.08K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.18K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$250.00K	USD	1 Quarter
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$5.00K	USD	1 Quarter
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$32.73K	USD	1 Quarter
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$11.12K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.73K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$261.12K	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-449.00	USD	1 Quarter
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$189.04K	USD	1 Quarter
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.24K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$210.41K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$210.41K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.24K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$3.80K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	1 Quarter
Note payable converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	-	USD	1 Quarter
Note payable converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$16.95K	USD	1 Quarter

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