10-K Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001580695-14-000186`
Period End Date	20131231
Filing Date	20140415
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	imsi-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 39 Cash Flow Statement 47 Stockholders Equity 24

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Debt discount on senior convertible notes	`DebtInstrumentUnamortizedDiscount`	$143.75K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Cash	`Cash`	$1.26K	USD	Point-in-time
Cash	`Cash`	$14.62K	USD	Point-in-time
Cash	`Cash`	$808.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	489.26M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.17K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.11K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.64M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	489.26M	shares	Point-in-time
Receivable from U-Vend, Canada, Inc.	`CapitalLeaseObligationReceivablelCurrent`	$162.54K	USD	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
Total current assets	`AssetsCurrent`	$181.27K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$127.89K	USD	Point-in-time
Deferred financing costs, net	`DeferredCosts`	$16.33K	USD	Point-in-time
Non-current assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$99.09K	USD	Point-in-time
Total assets	`Assets`	$226.98K	USD	Point-in-time
Total assets	`Assets`	$197.60K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$28.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$61.34K	USD	Point-in-time
Accrued salary - officer	`EmployeeRelatedLiabilitiesCurrent`	$142.61K	USD	Point-in-time
Note payable - director	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$50.00K	USD	Point-in-time
Senior convertible notes, net of discount of $143,751	`SeniorNotesCurrent`	$56.25K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$280.03K	USD	Point-in-time
Revolving note from related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$281.23K	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$156.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$312.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$818.54K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$214.61K	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 489,255,193 shares issued and outstanding (24,637,893 - 2012)	`CommonStockValue`	$24.64K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 489,255,193 shares issued and outstanding (24,637,893 - 2012)	`CommonStockValue`	$489.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$770.79K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$955.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.39M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-329.09K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-591.56K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$226.98K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$197.60K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Salaries and benefits	`LaborAndRelatedExpense`	$220.42K	USD	Annual
Salaries and benefits	`LaborAndRelatedExpense`	$73.72K	USD	Annual
Professional fees	`ProfessionalFees`	$47.22K	USD	Annual
Professional fees	`ProfessionalFees`	$65.78K	USD	Annual
Other	`OtherGeneralExpense`	$53.68K	USD	Annual
Other	`OtherGeneralExpense`	$121.57K	USD	Annual
Operating expenses, Total	`OperatingExpenses`	$339.88K	USD	Annual
Operating expenses, Total	`OperatingExpenses`	$242.51K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-242.51K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-339.88K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$63.42K	USD	Annual
Interest expense	`InterestExpense`	$37.44K	USD	Annual
Interest expense	`InterestExpense`	$35.88K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$31.09K	USD	Annual
Other expenses, Total	`OtherExpenses`	$68.21K	USD	Annual
Other expenses, Total	`OtherExpenses`	$142.45K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-384.95K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-408.09K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$4.18K	USD	Annual
Income tax provision	`IncomeTaxExpenseBenefit`	$2.20K	USD	Annual
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-389.14K	USD	Annual
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-410.29K	USD	Annual
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	$-3.84K	USD	Annual
Net income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$19.17K	USD	Annual
Net income (loss) from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$-2.86K	USD	Annual
Write-down of assets associated with a discounted component, net of income tax effect	`DisposalGroupNotDiscontinuedOperationLossGainOnWriteDown`	$35.00K	USD	Annual
Income (Loss) from Discontinued Operation	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	Annual
Income (Loss) from Discontinued Operation	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-37.86K	USD	Annual
Net loss	`NetIncomeLoss`	$-387.28K	USD	Annual
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Net loss from continuing operations per share- basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	Annual
Net loss from continuing operations per share- basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Net (loss) income from discontinued operations per share- basic and diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net (loss) income from discontinued operations per share- basic and diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	71.37M	shares	Annual
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.31M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-387.28K	USD	Annual
(Income) loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	Annual
(Income) loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-37.86K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$23.50K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$24.80K	USD	Annual
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$63.42K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$31.09K	USD	Annual
Change in provisions for deferred tax liability	`DeferredIncomeTaxExpenseBenefit`	$541.00	USD	Annual
Impairment of property and equipment	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-38.20K	USD	Annual
Loss from change in fair value of notes payable	`ChangeInFairValueOfNotesPayable`	$105.01K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$222.00	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.05K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.41K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.85K	USD	Annual
Accrued salary - officer	`IncreaseDecreaseInAccruedSalaries`	$142.61K	USD	Annual
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-167.41K	USD	Annual
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-156.96K	USD	Annual
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$90.62K	USD	Annual
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$7.65K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-76.78K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-149.30K	USD	Annual
Advances to U-Vend Canada, Inc.	`PaymentsToAcquireBusinessesGross`	$116.82K	USD	Annual
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$74.00K	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.82K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$10.50K	USD	Annual
Proceeds from senior convertible notes, net of financing costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$176.50K	USD	Annual
Proceeds from note payable, director	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	Annual
Net (repayments) borrowings on revolving note from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$66.74K	USD	Annual
Net (repayments) borrowings on revolving note from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-21.02K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$77.24K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$205.48K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$13.36K	USD	Annual
Net increase in cash	`CashPeriodIncreaseDecrease`	$454.00	USD	Annual
Cash - beginning of period	`Cash`	$808.00	USD	Point-in-time
Cash - beginning of period	`Cash`	$14.62K	USD	Point-in-time
Cash - beginning of period	`Cash`	$1.26K	USD	Point-in-time
Cash - end of period	`Cash`	$1.26K	USD	Point-in-time
Cash - end of period	`Cash`	$14.62K	USD	Point-in-time
Cash - end of period	`Cash`	$808.00	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$2.20K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$3.40K	USD	Annual
Interest	`InterestPaidNet`	$1.71K	USD	Annual
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$50.99K	USD	Annual
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$599.05K	USD	Annual
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentWarrantsConvertibleBeneficialConversionFeature`	$200.00K	USD	Annual
Derivative warrant liability issued for equipment leasing	`DerivativeWarrantLiabilityIssuedForEquipmentLeasingNonCash`	$45.71K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-329.09K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-591.56K	USD	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	489.26M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$500.00	USD	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$10.50K	USD	Annual
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$5.00K	USD	Point-in-time
Issuance of common stock and warrants for cash	`StockIssuedDuringPeriodValueNewIssues`	$5.00K	USD	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	50,000.00	shares	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	100,000.00	shares	Point-in-time
Issuance of common stock and warrants for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	50,000.00	shares	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$24.80K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$23.50K	USD	Annual
Shares issued upon conversion of convertible notes and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$50.99K	USD	Annual
Shares issued upon conversion of convertible notes and accrued interest	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$595.15K	USD	Annual
Beneficial conversion feature on senior convertible notes	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$31.11K	USD	Annual
Net loss	`NetIncomeLoss`	$-427.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-387.28K	USD	Annual
Beginning balance	`StockholdersEquity`	$-250.84K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-329.09K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-591.56K	USD	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	489.26M	shares	Point-in-time
Beginning balance, shares	`CommonStockSharesOutstanding`	24.64M	shares	Point-in-time

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