10-Q Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001580695-13-000147`
Period End Date	20130930
Filing Date	20131119
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	imsi-20130930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 80 Cash Flow Statement 62

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Debt discount on senior convertible notes	`DebtInstrumentUnamortizedDiscount`	$83.33K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$808.00	USD	Point-in-time
Cash	`Cash`	$33.43K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$1.77K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Cash	`Cash`	$1.26K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.64M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	107.44M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$49.11K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.17K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	107.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$116.46K	USD	Point-in-time
Current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$82.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.89K	USD	Point-in-time
Deferred financing costs, net	`DeferredCosts`	$10.83K	USD	Point-in-time
Deferred financing costs, net	`DeferredCosts`	-	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	-	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$99.09K	USD	Point-in-time
Total assets	`Assets`	$93.38K	USD	Point-in-time
Total assets	`Assets`	$226.98K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$17.02K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$211.12K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.34K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$98.68K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$280.03K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$181.02K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$281.23K	USD	Point-in-time
Senior convertible notes, net of discount of $83,333	`SeniorNotesCurrent`	-	USD	Point-in-time
Senior convertible notes, net of discount of $83,333	`SeniorNotesCurrent`	$16.67K	USD	Point-in-time
Note payable - director	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Note payable - director	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$50.00K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$574.50K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$89.57K	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, 300,000,000 shares authorized, 107,444,654 shares issued and outstanding (24,637,893 at December 31, 2012)	`CommonStockValue`	$24.64K	USD	Point-in-time
Common stock, $.001 par value, 300,000,000 shares authorized, 107,444,654 shares issued and outstanding (24,637,893 at December 31, 2012)	`CommonStockValue`	$107.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$770.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$985.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.66M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-570.69K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-591.56K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$93.38K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$226.98K	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Costs of revenue	`CostOfRevenue`	-	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	-	USD	3 Qtrs
Costs of revenue	`CostOfRevenue`	-	USD	1 Quarter
Costs of revenue	`CostOfRevenue`	-	USD	3 Qtrs
Gross loss	`GrossProfit`	-	USD	3 Qtrs
Gross loss	`GrossProfit`	-	USD	3 Qtrs
Gross loss	`GrossProfit`	-	USD	1 Quarter
Gross loss	`GrossProfit`	-	USD	1 Quarter
General and administrative:	`GeneralAndAdministrativeExpense`	$72.86K	USD	1 Quarter
General and administrative:	`GeneralAndAdministrativeExpense`	$251.85K	USD	3 Qtrs
General and administrative:	`GeneralAndAdministrativeExpense`	$48.38K	USD	1 Quarter
General and administrative:	`GeneralAndAdministrativeExpense`	$176.29K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-72.86K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-251.85K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-48.38K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-176.29K	USD	3 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	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	3 Qtrs
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$18.83K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$18.83K	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$26.95K	USD	3 Qtrs
Interest expense	`InterestExpense`	$29.29K	USD	3 Qtrs
Interest expense	`InterestExpense`	$9.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.96K	USD	1 Quarter
[OtherExpenses]	`OtherExpenses`	$11.96K	USD	1 Quarter
[OtherExpenses]	`OtherExpenses`	$131.96K	USD	3 Qtrs
[OtherExpenses]	`OtherExpenses`	$48.12K	USD	3 Qtrs
[OtherExpenses]	`OtherExpenses`	$27.93K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-308.25K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-299.97K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.34K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-100.79K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-299.97K	USD	3 Qtrs
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-100.79K	USD	1 Quarter
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-308.25K	USD	3 Qtrs
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-60.34K	USD	1 Quarter
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	1 Quarter
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	3 Qtrs
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	-	USD	1 Quarter
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	$-3.84K	USD	3 Qtrs
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$19.17K	USD	3 Qtrs
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	-	USD	1 Quarter
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$3.13K	USD	3 Qtrs
Net (loss) income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-14.28K	USD	1 Quarter
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.13K	USD	3 Qtrs
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	3 Qtrs
[IncomeLossFromDiscontinuedOperationsNetOfTax]	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-14.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-74.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-100.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-276.96K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-305.11K	USD	3 Qtrs
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	3 Qtrs
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	3 Qtrs
Net loss from continuing operations per share- basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	3 Qtrs
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	3 Qtrs
Net (loss) income from discontinued operations per share- basic and diluted	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.22M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	59.09M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	39.62M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.40M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-74.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-100.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-276.96K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-305.11K	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	3 Qtrs
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-14.28K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$3.13K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$18.85K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	$17.65K	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	3 Qtrs
Change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	-	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$18.83K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	3 Qtrs
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	-	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$18.83K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.66K	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.57K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.24K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$129.57K	USD	3 Qtrs
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-124.26K	USD	3 Qtrs
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-158.71K	USD	3 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$86.52K	USD	3 Qtrs
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$7.65K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.20K	USD	3 Qtrs
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-116.61K	USD	3 Qtrs
Advances related to a possible business combination	`PaymentsToAcquireBusinessesGross`	-	USD	3 Qtrs
Advances related to a possible business combination	`PaymentsToAcquireBusinessesGross`	$48.60K	USD	3 Qtrs
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$74.00K	USD	3 Qtrs
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$25.40K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.00K	USD	3 Qtrs
Proceeds from Senior Convertible Notes, net	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	3 Qtrs
Proceeds from Senior Convertible Notes, net	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$87.00K	USD	3 Qtrs
Proceeds from note payable, director	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from note payable, director	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	3 Qtrs
Net (repayments) borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-13.62K	USD	3 Qtrs
Net (repayments) borrowings from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$63.16K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$123.38K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$73.16K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$32.17K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$963.00	USD	3 Qtrs
Cash - beginning of period	`Cash`	$1.26K	USD	Point-in-time
Cash - beginning of period	`Cash`	$1.77K	USD	Point-in-time
Cash - beginning of period	`Cash`	$808.00	USD	Point-in-time
Cash - beginning of period	`Cash`	$33.43K	USD	Point-in-time
Cash - end of period	`Cash`	$808.00	USD	Point-in-time
Cash - end of period	`Cash`	$33.43K	USD	Point-in-time
Cash - end of period	`Cash`	$1.77K	USD	Point-in-time
Cash - end of period	`Cash`	$1.26K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$3.80K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.20K	USD	3 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$183.16K	USD	3 Qtrs
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$50.99K	USD	3 Qtrs
Related party borrowings repaid in shares of common stock	`DebtConversionConvertedInstrumentAmount1`	$86.59K	USD	3 Qtrs
Related party borrowings repaid in shares of common stock	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentWarrantsConvertibleBeneficialConversionFeature`	$100.00K	USD	3 Qtrs
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentWarrantsConvertibleBeneficialConversionFeature`	-	USD	3 Qtrs

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