10-Q/A Filing

AMERICAN BATTERY MATERIALS, INC. CIK: 1487718 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001580695-14-000304`
Period End Date	20140331
Filing Date	20140523
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	imsi-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 31 Cash Flow Statement 60

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
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
Common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	7.91M	shares	Point-in-time
Cash	`Cash`	$40.14K	USD	Point-in-time
Cash	`Cash`	$1.26K	USD	Point-in-time
Cash	`Cash`	$14.62K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.45M	shares	Point-in-time
Cash	`Cash`	$17.90K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.39K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	7.91M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.45M	shares	Point-in-time
Inventory (net)	`InventoryNet`	-	USD	Point-in-time
Inventory (net)	`InventoryNet`	$15.69K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.64K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.11K	USD	Point-in-time
Receivable from U-Vend, Canada, Inc.	`CapitalLeaseObligationReceivablelCurrent`	$162.54K	USD	Point-in-time
Receivable from U-Vend, Canada, Inc.	`CapitalLeaseObligationReceivablelCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$38.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$181.27K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	$326.14K	USD	Point-in-time
Property and equipment (net)	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Security deposits	`DepositsAssetsNoncurrent`	$6.63K	USD	Point-in-time
Deferred financing costs (net)	`DeferredCosts`	$16.33K	USD	Point-in-time
Deferred financing costs (net)	`DeferredCosts`	$20.21K	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible asset (net)	`IntangibleAssetsNetExcludingGoodwill`	$412.30K	USD	Point-in-time
Goodwill	`Goodwill`	$732.26K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$1.50M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$16.33K	USD	Point-in-time
Total assets	`Assets`	$197.60K	USD	Point-in-time
Total assets	`Assets`	$1.54M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$35.19K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.06K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$28.03K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$87.56K	USD	Point-in-time
Accrued salary - officer	`EmployeeRelatedLiabilitiesCurrent`	$142.39K	USD	Point-in-time
Accrued salary - officer	`EmployeeRelatedLiabilitiesCurrent`	$142.61K	USD	Point-in-time
Note payable - director	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$50.00K	USD	Point-in-time
Note payable - director	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$121.07K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	-	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$135.22K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	$55.77K	USD	Point-in-time
Promissory notes payable	`PromissoryNotesPayable`	-	USD	Point-in-time
Senior convertible notes, net of unamortized discount	`SeniorNotesCurrent`	$125.00K	USD	Point-in-time
Senior convertible notes, net of unamortized discount	`SeniorNotesCurrent`	$56.25K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilities`	$138.15K	USD	Point-in-time
Warrant liabilities	`WarrantLiabilities`	-	USD	Point-in-time
Capital lease obligation, net of unamortized discount	`CapitalLeaseObligationsCurrent`	$63.56K	USD	Point-in-time
Capital lease obligation, net of unamortized discount	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$312.08K	USD	Point-in-time
Capital Lease obligation net of unamortized discount	`CapitalLeaseObligationsNoncurrent`	$172.75K	USD	Point-in-time
Capital Lease obligation net of unamortized discount	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Liability for contingent consideration	`BusinessCombinationContingentConsiderationLiability`	-	USD	Point-in-time
Liability for contingent consideration	`BusinessCombinationContingentConsiderationLiability`	$212.05K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilitiesNoncurrent`	$164.92K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$214.61K	USD	Point-in-time
Warrant liabilities	`DerivativeLiabilitiesNoncurrent`	$203.21K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$752.93K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$214.61K	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 7,913,528 shares issued and outstanding (2,446,276 - 2013)	`CommonStockValue`	$2.45K	USD	Point-in-time
Common stock, $.001 par value, 600,000,000 shares authorized, 7,913,528 shares issued and outstanding (2,446,276 - 2013)	`CommonStockValue`	$7.91K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.13M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.77M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.36M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-229.56K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-329.09K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$197.60K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$1.54M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$33.63K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$41.71K	USD	1 Quarter
Gross loss	`GrossProfit`	$-8.08K	USD	1 Quarter
Selling	`SellingExpense`	$63.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$433.69K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$75.88K	USD	1 Quarter
Operating expenses, Total	`OperatingExpenses`	$496.92K	USD	1 Quarter
Operating expenses, Total	`OperatingExpenses`	$75.88K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-505.00K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-75.88K	USD	1 Quarter
Gain on the fair market value of warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-38.69K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$103.78K	USD	1 Quarter
Interest expense	`InterestExpense`	$10.56K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.29K	USD	1 Quarter
Other expenses, Total	`OtherExpenses`	$85.38K	USD	1 Quarter
Other expenses, Total	`OtherExpenses`	$10.56K	USD	1 Quarter
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-86.44K	USD	1 Quarter
Loss from continued operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-590.38K	USD	1 Quarter
Gain from disposal of discontinued operations	`DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax`	$-3.84K	USD	1 Quarter
Net income from discontinued operations	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax`	$19.17K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-63.42K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-590.38K	USD	1 Quarter
Net loss from continuing operations per share- basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.08	USD	1 Quarter
Net loss from continuing operations per share- basic and diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.68	USD	1 Quarter
Net income from discontinued operations per share- basic and diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net income from discontinued operations per share- basic and diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	$0.18	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.50	USD	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.35M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	127,675.00	shares	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-63.42K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-590.38K	USD	1 Quarter
(Income) loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$23.01K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$57.09K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$5.95K	USD	1 Quarter
Common shares issued for advisor fees	`IssuanceOfStockForServicesOrClaims`	$189.57K	USD	1 Quarter
Common shares issued for advisor fees	`IssuanceOfStockForServicesOrClaims`	-	USD	1 Quarter
Warrants issued for advisor fees	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$23.00K	USD	1 Quarter
Warrants issued for advisor fees	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$7.92K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$21.70K	USD	1 Quarter
Amortization of debt discount and deferred financing costs	`AmortizationOfFinancingCostsAndDiscounts`	$103.78K	USD	1 Quarter
Gain on fair market value of warrant liabilities	`ChangeInFairValueOfNotesPayable`	$-38.69K	USD	1 Quarter
Conversion of accrued interest to common stock	`ConversionOfAccruedInterestToCommonStock`	-	USD	1 Quarter
Conversion of accrued interest to common stock	`ConversionOfAccruedInterestToCommonStock`	$500.00	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.39K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$439.00	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$407.00	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-825.00	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$38.12K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.41K	USD	1 Quarter
Accrued salary - officer	`IncreaseDecreaseInAccruedSalaries`	-	USD	1 Quarter
Accrued salary - officer	`IncreaseDecreaseInAccruedSalaries`	$-218.00	USD	1 Quarter
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-153.30K	USD	1 Quarter
Net cash used by continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-42.77K	USD	1 Quarter
Net cash provided by discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$7.65K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-35.12K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-153.30K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.11K	USD	1 Quarter
Net proceeds from sale of LegalStore.com	`ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries`	$74.00K	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$-11.13K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$74.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.02K	USD	1 Quarter
Proceeds from exercise of common stock warrants	`ProceedsFromIssuanceOfCommonStock`	$13.60K	USD	1 Quarter
Proceeds from senior convertible notes, net of financing costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Proceeds from senior convertible notes, net of financing costs	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$87.00K	USD	1 Quarter
Proceeds from convertible note	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	1 Quarter
Principal payments on promissory notes	`PrincipalPaymentsOnPromissoryNotes`	$-2.04K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$148.56K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$3.28K	USD	1 Quarter
Net increase in cash	`CashPeriodIncreaseDecrease`	$38.88K	USD	1 Quarter
Cash - beginning of year	`Cash`	$14.62K	USD	Point-in-time
Cash - beginning of year	`Cash`	$17.90K	USD	Point-in-time
Cash - beginning of year	`Cash`	$40.14K	USD	Point-in-time
Cash - beginning of year	`Cash`	$1.26K	USD	Point-in-time
Cash - end of year	`Cash`	$14.62K	USD	Point-in-time
Cash - end of year	`Cash`	$17.90K	USD	Point-in-time
Cash - end of year	`Cash`	$40.14K	USD	Point-in-time
Cash - end of year	`Cash`	$1.26K	USD	Point-in-time
Income taxes	`IncomeTaxesPaid`	$600.00	USD	1 Quarter
Note payable and accrued interest converted to shares of common stock	`DebtConversionOriginalDebtAmount1`	$13.98K	USD	1 Quarter
Acquisition of U-Vend for issuance of shares and effective settlement of inter-company	`NetCashAcquiredAcquisition`	$808.35K	USD	1 Quarter
Debt discount related to warrant liability and beneficial conversion feature	`DebtInstrumentConvertibleBeneficialConversionFeature`	$132.55K	USD	1 Quarter
Property and equipment financed by capital leases	`CapitalLeaseObligationsIncurred`	$98.12K	USD	1 Quarter
Issuance of promissory notes offsetting accrued expenses	`NotesIssued1`	$57.81K	USD	1 Quarter

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