10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001432093-12-000625`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	imsi-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 64 Cash Flow Statement 48

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
Common stock, shares issued	`CommonStockSharesIssued`	24.31M	shares	Point-in-time
Cash	`Cash`	$1.69K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.82M	shares	Point-in-time
Cash	`Cash`	$995.00	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.82M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.69K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.31M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$31.34K	USD	Point-in-time
Inventory	`InventoryNet`	$115.62K	USD	Point-in-time
Inventory	`InventoryNet`	$115.95K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.46K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.96K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$152.26K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.17K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$40.61K	USD	Point-in-time
Other intangibles, net	`FiniteLivedIntangibleAssetsNet`	$123.25K	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`	$3.48K	USD	Point-in-time
Total assets	`Assets`	$350.70K	USD	Point-in-time
Total assets	`Assets`	$338.58K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$95.37K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$121.52K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$86.82K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$67.40K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$259.38K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$223.22K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$311.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$385.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$779.00K	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	-	USD	Point-in-time
Long-term revolving note from related party	`DueToRelatedPartiesNoncurrent`	$214.49K	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 (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,309,983 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$24.31K	USD	Point-in-time
Common stock, $.001 par value, 100,000,000 shares authorized, 24,309,983 shares issued and outstanding (23,821,000 - 2011)	`CommonStockValue`	$23.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$685.32K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$724.67K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-959.98K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.19M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-441.49K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$338.58K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$350.70K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$259.64K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$123.86K	USD	1 Quarter
Revenue	`SalesRevenueNet`	$276.92K	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$136.70K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$63.39K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$135.89K	USD	2 Qtrs
Costs of revenue	`CostOfRevenue`	$56.93K	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	$134.49K	USD	2 Qtrs
Gross profit	`GrossProfit`	$142.44K	USD	2 Qtrs
Gross profit	`GrossProfit`	$123.75K	USD	2 Qtrs
Gross profit	`GrossProfit`	$79.77K	USD	1 Quarter
Gross profit	`GrossProfit`	$60.46K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$33.61K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$67.24K	USD	2 Qtrs
Salaries and benefits	`LaborAndRelatedExpense`	$81.27K	USD	1 Quarter
Salaries and benefits	`LaborAndRelatedExpense`	$138.93K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$34.19K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$11.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$40.00K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$36.58K	USD	1 Quarter
Other	`OtherGeneralAndAdministrativeExpense`	$82.47K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$82.11K	USD	2 Qtrs
Other	`OtherGeneralAndAdministrativeExpense`	$35.25K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$255.59K	USD	2 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$189.35K	USD	2 Qtrs
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$129.64K	USD	1 Quarter
[GeneralAndAdministrativeExpense]	`GeneralAndAdministrativeExpense`	$89.52K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$44.90K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$51.60K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$22.83K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$25.47K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$307.20K	USD	2 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$234.25K	USD	2 Qtrs
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$112.35K	USD	1 Quarter
[SellingGeneralAndAdministrativeExpense]	`SellingGeneralAndAdministrativeExpense`	$155.11K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-75.34K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-164.76K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-51.89K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-110.50K	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`	-	USD	2 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$-101.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$14.99K	USD	2 Qtrs
Interest expense	`InterestExpense`	$7.22K	USD	2 Qtrs
Interest expense	`InterestExpense`	$3.61K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-109.06K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-120.00K	USD	2 Qtrs
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-3.61K	USD	1 Quarter
[NonoperatingIncomeExpense]	`NonoperatingIncomeExpense`	$-7.22K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-78.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-171.98K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-230.49K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-160.95K	USD	1 Quarter
Loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
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	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`	24.31M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.82M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.12M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-230.49K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-160.95K	USD	1 Quarter
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`	$8.94K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	$12.90K	USD	2 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	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
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
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.24K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-356.00	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$4.86K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$333.00	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.51K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-19.90K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.57K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.42K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-55.59K	USD	2 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-166.91K	USD	2 Qtrs
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	-	USD	2 Qtrs
Purchase of software development costs	`IncreaseDecreaseInSoftwareDevelopment`	$-15.00K	USD	2 Qtrs
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.00K	USD	2 Qtrs
Net cash used 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`	$250.00K	USD	2 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$10.58K	USD	2 Qtrs
Net borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$44.89K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$54.89K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.58K	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-698.00	USD	2 Qtrs
Net (decrease) increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$78.68K	USD	2 Qtrs
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$21.37K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$995.00	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.05K	USD	Point-in-time
Cash - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.69K	USD	Point-in-time
Cash - end 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`	$1.69K	USD	Point-in-time
Cash - end of period	`CashAndCashEquivalentsAtCarryingValue`	$995.00	USD	Point-in-time
Interest	`InterestPaid`	-	USD	2 Qtrs
Interest	`InterestPaid`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$3.80K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.00K	USD	2 Qtrs
Note payable converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$16.95K	USD	2 Qtrs
Note payable converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	-	USD	2 Qtrs

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